Price for Influencers How Much Should You Pay
Consumers are more likely to believe recommendations from influencers (61%) than from a brand\’s social media account (38%). Determining the ideal influencer for your company and how much you should pay can be challenging because there isn\’t a common way to quantify performance in influencer marketing. Pricing for Instagram influencers should be determined by follower and engagement metrics. A typical Instagram post in 2021 cost $1170, and an Instagram story cost $906 on average. The industry average is $100 for every 10,000 followers as a starting point.