Influencer Question of the Day?

How much ad spend should I budget when targeting an INFLUENCER’S audience via FB/IG ads? (Thread)
2/ Ad spend amount is completely contingent on the influencer’s audience size!
3/ As you can imagine, if you’re working with a Macro influencer with 1M followers in comparison to a micro influencer with 10k followers, your budget for ad spend will be substantially different when targeting their audiences via FB/IG ads.
4/ I’m sure many of you could have guessed the above but what is a practical way to calculate how you should budget for FB/IG ads based on the influencer’s audience size?
5/ Follow this simple formula laid out below...

CPM (Cost Per 1000 Impressions) / 1000 Impressions =
X (Ad Spend Budget) / Influencer Audience Size
6/ See image attached for a cleaner look at this formula...
7/ Each of the variables within this formula are available to us as we look to solve for Ad Spend Budget.
7/ Let’s run through an example...

If I’m targeting Jessica Alba’s audience, how much should we budget for ad spend if I want to make sure every single one of her followers is served this ad?
8/ Conservatively we can project CPMs will be $10 when targeting her audience.

With her audience consisting of 18.2M people, we can now solve for the ad spend needed to reach every single person within her audience.
9/ See the formula attached to calculate the amount of ad spend it would take to serve an ad to every single one of Jessica Alba's Instagram followers.
10/ When solving for X, our needed ad spend to reach every single person in her audience comes out to be $182,000.
11/ This amount of ad spend is a calculation to serve ads to every single person in her audience at a frequency of 1, meaning every follower would see this content one time.
12/ Our recommendation would be to make sure to budget enough ad spend to ensure you hit at least a frequency of 2 here, serving Jessica Alba's HelloFresh content to her audience at least twice.
13/ $182,000 x 2= $364,000 in Ad Spend
14/ Of course not everyone has the budget to work with Celebrity influencers like Jessica Alba but she is a mere example to bring this formula to life.

This is applicable when working with micro influencers as well.
15/ For example, if you have a micro influencer with 50,000 Followers, it'd only cost $500 to serve an ad to every single person within that influencer's audience.
16/ No matter how big or small the audience size of the influencers you are working with, this formula will help your team project the needed ad spend to make the most out of your influencer paid media partnerships!

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More from @TaylorLagace

8 Sep
Influencer Question of the Day?

What’re the steps to “Whitelisting” INFLUENCERS within Facebook Ads Manager to be able to run influencer paid media funnels via FB & IG ads?(Thread)

**Video Tutorials Included**
2/ Send this set of instructions to your partnering influencers.

Important Note: Make sure to add your Business Partner ID. Image
3/ To lend further context and visibility into these instructions, as the influencer follows these steps, the video below showcases what they will be seeing on their end (see short video attached).
Read 15 tweets
3 Sep
Influencer Question of the Day:

INFLUENCER Organic Posts vs INFLUENCER Sponsored Ads

Which is of greater value?
2/ We’ll be comparing the following:

Reach
Engagement
Frequency
Customer Journey
Conversion Rate
3/ Here’s a visual of an influencer sponsored ad alongside an influencer organic post for reference.
Read 20 tweets
25 Aug
Influencer Question of the Day:

How do I execute an INFLUENCER PAID MEDIA FUNNEL on facebook ads? (THREAD)
2/ Implement a holistic strategy, leveraging a Macro Influencer as well as a collection of Micro Influencers who are all able to create content that converts as FB/IG ads.
3/ The Macro Influencer will serve as Prospecting/Top of the Funnel (TOF) to lend brand validity and credibility as the first touch point!
Read 14 tweets
19 Aug
INFLUENCER QUESTION OF THE DAY:

How do you build strong relationships with influencers that are cost effective?
Within our team’s collective experience, we’ve seen the best method of building strong, long lasting relationships with influencers go like this…
Begin with seeding your product to influencers and ask for nothing in return.
Read 8 tweets

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