How Much Does It Cost To Become A Social Media Influencer? (In 2024)
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
The cost of opening a a social media influencer can vary based on several factors. However for a a social media influencer you can expect to spend $12 to $11,659 with an average cost of $5,911.
- The minimum startup costs for a social media influencer: $12
- The maximum startup costs for a social media influencer: $11,659
- The average startup costs for a social media influencer: $5,911
Here's a detailed list of a social media influencer startup costs:
Learn more about starting a social media influencer:
Where to start?
-> Pros and cons of a social media influencer
Need inspiration?
-> Other social media influencer success stories
-> Examples of established social media influencer
-> Marketing ideas for a social media influencer
-> Social media influencer Instagram bios
-> Social media influencer Instagram captions
Other resources
Software Expenses
Your social media influencer needs software to run efficiently!
Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Project Management Software |
Recommended |
$0 |
$25 |
Email marketing tool |
Recommended |
$0 |
$100 |
Accounting & Invoicing Software |
Recommended |
$0 |
$50 |
Internal Communication Tool |
Recommended |
$0 |
$20 |
File Hosting Service |
Recommended |
$0 |
$299 |
Design Programs & Software |
Optional |
$0 |
$50 |
Social Media Management Tools |
Optional |
$0 |
$50 |
Office Space Expenses
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your social media influencer grows.
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Rent ➜ |
Optional |
$0 |
$5,750 |
Utility Costs For Office Space ➜ |
Optional |
$0 |
$1,150 |
WiFi & Internet ➜ |
Optional |
$0 |
$100 |
Training & Education Expenses
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Online Learning Sites |
Optional |
$0 |
$1,000 |
Advertising & Marketing Costs
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Business Cards ➜ |
Optional |
$0 |
$50 |
Customer Research & Surveys |
Optional |
$0 |
$300 |
Networking Membership Fees |
Optional |
$0 |
$250 |
Affiliate Marketing Commission & Fees |
Optional |
$0 |
$250 |
Influencer Marketing |
Optional |
$0 |
$750 |
Press |
Optional |
$0 |
$500 |
Google Ads |
Optional |
$0 |
$300 |
Facebook & Instagram Ads |
Optional |
$0 |
$350 |
Website Costs
Every business should have a website, and it's worth spending a bit of money to set it up right.
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Domain Name ➜ |
Required |
$12 |
$200 |
Business Email Hosting Service ➜ |
Recommended |
$1 |
$15 |
Specific Industry Expenses
Cost | Required? | Min Cost | Max Cost |
---|---|---|---|
Ticketing Platform Fees |
Optional |
$0 |
$100 |
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings