SOCIAL MEDIA SPONSORED MARKETING
The question that we get most often about social media marketing is how much it costs — which makes sense. Like so many major decisions in business and in life, the major constraining factor tends to be your budget (that is, if it isn’t time).
So how much does it cost to outsource social media marketing services?
The shortest, easiest (and, admittedly, the least satisfying) answer to this question is this: it varies – a lot.
Depending on the experience level of the social media management agency you hire, the size of your business, the suite of services you require, and a bunch of other factors, professional social media marketing can cost you anywhere from $1,000 per month to $20,000 per month.
This kind of wild discrepancy in cost can make things extremely difficult for business owners and marketing managers who are contemplating outsourcing their social media marketing. The headache of trying to figure out which social media agency to hire, which services you need, and how much money you should spend can cause a lot of anxiety — and even decision-paralysis, which can be deadly when you’re trying to grow a brand.
That’s why we wrote this guide: to give you a clear breakdown of all the information that you need to make the best decision for your business. Let’s start with the question that likely brought you here in the first place and we’ll try to give you a better picture:
How Much Does Social Media Marketing Cost?
Instagram is a highly visual platform that focuses almost entirely on images.
If you’re a fashion brand, a company that restores classic cars, or any other kind of business that can consistently create visually compelling content, then Instagram should definitely be on your radar. However, if you’re an accountant, probably not so much.
How Much Does Marketing With Twitter Cost?
Launching a new Twitter account, complete with setup and outsourcing content creation/consumer interaction (all 280 characters at a time), costs an average of $2,000-$4,000 per month – and that’s just for Twitter. With that said, the total price range was $1,000-$7,500 per month.
What if you already have an existing Twitter account, but need some help to take it to the next level? Restructuring an existing Twitter account with “limited coaching” to achieve client goals is still going to cost you between $1,000-$2,500 per month, with some charging as much as $4,000 per month.
We manage social media for several national brands and have developed some truly impressive case studies over the years (a favorite: the tweet that turned into a client being featured in Wired magazine). On multiple occasions, we’ve gotten hashtags we’ve created to trend nationally, and we are very familiar with the amount of customer service, outreach and PR work that’s required via Twitter in particular.
Long story short, we know what we’re talking about – and unless you’re a HUGE brand with a significant number of customer service issues that need to be handled via Twitter (think: an airline), there’s no need to spend $4k per month on Twitter alone.
How Much Does Marketing With Facebook Cost?
Facebook management pricing can run a bit higher than that of Twitter alone. To set up a new Facebook account and provide limited ongoing training to business partners, online PR agencies charge an average of $2,500-$5,000 per month, with some going as high as $9,000.
However, for most businesses it’s a good idea to bundle these two together (and probably to add on a third and even a fourth channel), which will not only help you increase your audience, but can get you a deal on the price as well.
At JTMC ENTERPRISE, we charge $4,000 to manage 3 social media channels, including custom graphics, hosting Twitter chats, live tweeting events, creating and managing Twitter lists, and more.
How Much Does Marketing With Other Social Media Channels Cost?
When it comes to social media marketing, Twitter and Facebook are definitely the top two options for businesses. If you’re just getting started, or if you’re working within a tighter budget, we’d definitely recommend that you start there.
Every business is different, but from what we’ve seen with our clients Twitter and Facebook tend to provide the greatest ROI, and customers in general will expect that a business has an active profile on both platforms.
However, if you’d like to also do social media marketing on channels like Instagram, Pinterest, LinkedIn, and SnapChat, those additional channels can easily cost you $1,000 or more for each one that you add on.
That’s a big investment, so you obviously want to be really strategic about which social media platforms you choose and figure out what your path to ROI will be by adding each additional channel.
Insider Tip: Not every channel is a good match for every business, so when you’re making your decision, be wary of any social media agency that tries to throw the kitchen sink at you. Unless you’re a major, mass market brand (and honestly, even if you are) chances are you don’t need to be on every social media channel under the sun. Here’s a quick look at some of the things you should consider: