In respect to this, what is a good engagement rate 2020?
Of course, you want to aim as high as possible. In most cases, you’ll be looking at an engagement rate of 1-3 percent. 5 percent or more represents very high engagement.
Keeping this in consideration, how much money does 10k Instagram followers make?
< 10,000 Followers
According to a recent survey, these accounts can make up to, on average, $88.00 per post.
How much does Instagram pay you for 1 million followers?
According to USA Today, an influencer with 10,000 to 50,000 active fans can make a few thousand per post. Instagram influencers with up to 1 million followers can see $10,000 per post. Have over 1 million followers? You could charge $100,000 or more.
Above 1% engagement rate is good; 0.5%-0.99% is average; and below 0.5% engagement likely means that you need to realign your messages to that of your audience’s expectations and in the process attract more compelling and engaging messages from your community members.
To understand the potential of each industry on Facebook, Instagram, and Twitter, you need to take a look at the average engagement rates per post. In 2020, the average engagement rate per post on Facebook was 0.27%, Twitter reached a mere 0.07%, while an Instagram post scored an average rate of 1.16%.
The engagement rate is used to measure the level of interaction by followers from content created by a user. It is calculated as total engagement divided by total followers, multiplied by 100.
When deciding how much to charge for a sponsored Instagram post, ALWAYS start with this simple formula: Charge $10 for every THOUSAND followers you have. In other words, charge 1% per thousand followers.