In this article, you’ll learn everything you need to know to get started with Instagram influencer marketing today.
Instagram influencers have enormous marketing power.
By 2022, it’s estimated that brands will spend a whopping $15 billion each year on influencer marketing.
But what exactly are Instagram influencers, how much do they cost, and how can you find them?
In this article, you’ll learn everything you need to know about Instagram influencers so that you can tap into this marketing strategy to grow your brand.
Let’s get into it.
What Are Instagram Influencers?
Instagram influencers are people that have a large number of engaged followers on Instagram. These people have built credibility and trust with their audience and can influence their follower’s thoughts and feelings.
Here are some examples of Instagram influencers:
- Mainstream celebrities like Joe Rogan
- Niche celebrities like professional surfer Kelly Slater
- Industry authorities and bloggers, such as the entrepreneur Ramit Sethi
What is a Micro-Influencer on Instagram?
The term “micro-influencer” refers to someone with a small but highly engaged audience – typically anywhere between 1,000 to 100,000 followers.
These Instagram influencers may have few followers compared to mainstream influencers. Still, with a smaller following, Instagrammers can offer more direct personal interaction. Consequently, their opinions can often hold more weight with their followers than influencers with more significant followings.
A great example of a micro-influencer is dropshipping vlogger Scott Hilse, who currently has 35,000 followers.
How Do Instagram Influencers Make Money?
Businesses often pay top Instagram influencers to promote a brand, product, or service. The Instagram influencer could boost the brand through a post, Instagram Story, Instagram Live, or I.G.T.V.
For example, the watch brand MVMT often uses Instagram influencer marketing to promote its products.
In the image below, you can see micro-influencer @thalia.xxo promoting an MVMT watch and bracelet with a unique affiliate program code offering a discount.
Why Should Your Brand Work with Instagram Influencers?
Internet influencers exist everywhere – on social media platforms, blogs, and mailing lists. So, why start Instagram influencer marketing?
What’s more, according to The State of Influencer Marketing report, marketers consider Instagram to be the most important influencer marketing platform.
If that’s not enough, Instagram reports that:
- 60% of people say they discover new products on Instagram
- More than 200 million Instagrammers visit at least one business profile daily
- One-third of the most-viewed Stories are from businesses
With these figures in mind, how much will partner with an Instagram influencer cost?
Instagram Influencer Pricing
How much do Instagram influencers cost?
Although some influencers with small audiences may be open to promoting your brand in exchange for complimentary products or services, most will require cash.
How much cash? Well, the answer is the same wherever you look: It depends.
The amount of money Instagram influencers charge is based on far more than the follower count. Brands should also consider factors such as the Influencer’s niche and reach rates, engagement, and impressions.
Still, if you’re looking for a starting point, consider this common rule of thumb: One cent per follower – which works out to be:
- $10 for 1,000 followers
- $100 for 10,000 followers
- $1,000 for 100,000 followers
- And so on
According to Influence. co, the average sponsored Instagram influencer post costs $180. In the image below, you can see how the average rate differs depending on the niche.
Once you have budgeted for influencers, next is finding them.
How to Find Instagram Influencers in Your Niche
In this section, we’ll run through how to find Instagram influencers.
We’ll start with four crucial steps that you must take before beginning your research. We’ll then cover three methods of finding the best Instagram influencers for your brand.
Step #1. Set Your Goals
First things first: You must create a strategy before partnering with top Instagram influencers in your niche.
What do you want to accomplish with your campaign? Do you want to:
- Drive sales of a new product?
- Increase brand awareness?
- Launch a new service?
- Tap into a new market or audience?
Whatever your goals are, define them clearly by creating a S.M.A.R.T. goal – one that is specific, measurable, attainable, realistic, and time-bound.
Your S.M.A.R.T. goal should guide every aspect of your Instagram influencer campaign.
Step #2. Choose Your KPIs
Once you know what you’re accomplishing and how you plan to do it, it’s time to identify your KPIs – or key performance indicators.
This is the “measure” part of a S.M.A.R.T. goal, and it’s vital.
KPIs aren’t just metrics. They provide a strategic way to measure your performance against your key objectives.
To choose your KPIs, you need to decide how you’ll measure the success of your campaign. For example, you could measure the following:
- Change in your Instagram followers
- Rate of engagement on your Instagram influencer’s posts, relevant to their average engagement rate
- Increase in traffic to your website
- Sales that come from your Instagram influencer’s posts
Step #2. Define Your Campaign
Next, you need to define the type of campaign you want to run based on your goal.
For example, suppose you want to increase sales of a new product. In that case, you may give Instagram influencers a unique discount code to offer their audience. This can help drive more clicks and conversions.
Alternatively, suppose you want to tap into a new audience base. In that case, ask Instagram influencers to review a product to help educate their audience about your brand.
Get clear on the details: What’s your budget? How many influencers do you want to work with? Do you want to promote through Instagram Live, Stories, posts, I.G.T.V., or a mixture?
Step #4. Define Your Ideal Instagram Influencer
To find Instagram influencers ideal for your campaign, you need to know what to look for.
The influencers you work with should share a lot in common with your brand.
For example, if you have a fun, humorous brand voice, look for comedy Instagram influencers. Alternatively, perhaps your brand is sophisticated and stylish, so you’ll want to find fashion-savvy Instagram influencers.
Define your brand’s style, values, voice, and personality to get started.
If you’re unsure where to start in this process, look to your target market. For example, if your target audience is young, vibrant, sassy, and talks in hashtags, so should your brand.
The more you understand your brand, the better the chance of finding top Instagram influencers who will positively impact your business’s bottom line.
Now, let’s get to the fun part – how to find Instagram influencers in your niche.
Method #1. Search Relevant Hashtags for Top Instagram Influencers
To find Instagram influencers in your niche, create a list of hashtags relevant to your brand. (If you already have a list of hashtags you use on Instagram, even better.) Then, search these hashtags and look for posts with a lot of engagement.
Take the fashion shoe brand Jones Bootmaker.
If this brand wanted to find Instagram influencers, they could search the term “#fashioninfluencer.”
Sure, it may sound a little obvious, but it works.
Why? Because Instagram influencers who use this hashtag are likely to open to paid partnership opportunities.
Once you find a post with plenty of engagement, check out the profile to see whether the Influencer is a good fit.
We found this post from Emily James (@itsemilyjames), and her profile reveals that she’s a fashion influencer with more than 95,000 followers.
From this information, Emily James would likely make a significant Instagram influencer for brands like Jones Bootmaker.
Method #2. Search Branded Hashtags for Instagram Influencers
If your brand already has plenty of engagement on Instagram, you can use the following method to find Instagram influencers.
Instead of searching generic hashtags, look through the results of your branded hashtags.
Anyone already creating content featuring your brand or products will almost certainly be open to getting paid to do it again.
For example, take the fashionable eyewear brand, Bailey Nelson.
A quick search on Instagram of “#baileynelson” reveals plenty of posts. After a quick scroll, we found this post from Kiara King (@lioninthewild).
This lifestyle and fashion Instagrammer has a whopping 288,000 followers, and her profile shows a collection of stunning fashion-centric images.
The best part? Kiara’s already promoting Bailey Nelson eyewear using the brand’s hashtag. Plus, we know that her followers enjoy the brand’s content because her post has 4,289 Likes and plenty of comments.
As a result, there’s no doubt that Kiara would be an ideal Instagram influencer partner for fashion brands like Bailey Nelson.
Method #3. Use Instagram Influencer Tools
Finally, you can use dedicated tools to find Instagram influencers.
These online tools allow you to find Instagram influencers based on categories, keywords, follower counts, and engagement rates.
Here are four examples of tools that you can use to find Instagram influencers in your niche:
Alternatively, you could research Instagram influencer marketing agencies. These businesses facilitate partnerships with brands and top Instagram influencers. However, you will need to take the agency’s fees into account.
5 Famous Influencers: The Most-Famous Instagram Influencer List
If you’re curious about how much money the most prominent Instagram influencers charge, this section is for you.
According to Hopper HQ’s Instagram Rich List, here are five of the most-famous Instagram influencers in 2020 and how much they charge.
Dwayne “The Rock” Johnson”
Moviestar Dwayne “The Rock” Johnson is the highest-earning Instagram Influencer. With more than 199 million followers, @therock is thought to earn up to $1,050,000 per post.
Second, on the most-famous Instagram influencer’s list is entrepreneur Kylie Jenner.
Jenner has a whopping 197 million followers, and it’s estimated that she earns $986,000 for each branded post on her @kyliejenner Instagram account.
The famous soccer player Cristiano Ronaldo is the third most-famous Instagram influencer, with more than 239 million followers.
He’s estimated to earn $889,000 per post on his Instagram account, @cristiano.
The fourth most-famous Instagram influencer is reality T.V. personality @kimkardashian, who has 189 million followers and is thought to earn $858,000 per post.
The singer @arianagrande is the fifth most-famous Instagram influencer, with 203 million followers. It’s estimated that she earns $853,000 per post.
Summary: Instagram Influencers
Instagram influencers are people with established, engaged followings. Their audience values their views and opinions. As a result, businesses often pay top Instagram influencers to promote their brand, product, or service.
If you want to find Instagram influencers, make sure that you:
- Have a clear goal
- Choose your KPIs
- Create a campaign strategy
- Define your ideal Instagram influencer
Finally, trying to find top Instagram influencers can take time. Take it easy, and don’t settle. You can discover your brand’s best Instagram influencers with quality research and due diligence.