Social Media Influencer

Business Idea: Become A Social Media Influencer in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$57.4K
Avg Startup Costs
$5.89K
Score
73
Market Size
Avg Revenue
Min Revenue
$2.5K/month
Max Revenue
$167K/month
Avg Days To Build
155 days

Social media has become integral to people's lives and daily routines. Given the importance of social media, brands are flocking to different social media platforms such as Instagram, YouTube, Facebook, and TikTok in the hope of connecting with their target audience.

A popular approach taken by these brands is engaging social media influencers. A social media influencer has established credibility in a specific industry and has access to a vast audience they can persuade to act based on recommendations.

Anyone can become a social influencer so long as they have the right strategy. Choose a popular niche based on your interests and start creating relevant content.

Revenue & Profitability

How much do social media influencers make?

Startup Costs

How much does it cost to become a social media influencer?

  • It can cost as low as $601 to become a social media influencer.
  • It can cost as high as $1,000 to become a social media influencer.

Learn more about the costs of a social media influencer.

Examples Of Successful Social Media Influencers

Successful social media influencer businesses and case studies

Founder of Miss Excel, Kat Norton, built a viral social media account that teaches millions how to use Excel, amassing 950K followers on Instagram, 939K on TikTok, and hitting $2M in revenue by 2023, all with startup costs of just $1,000 and a growth strategy focused on TikTok dance trends.

$167K Monthly Revenue
$1K Startup Costs
Read by 2,883 founders

How one mother built a profitable frugal motherhood, life, and travel blog from scratch, using Instagram, Pinterest, and paid sponsorships to grow from 0 to 18.5K followers and generate $1,500-$3,000 per month in less than two years.

$3K Monthly Revenue
Read by 7,463 founders

See full list of successful social media influencers.