Welcome to the next post in our series on monetising your influence type. Last time we looked at Platform-Specific Superstars – a small percentage of all influencers. This time we’re going to take a look at the other end of the spectrum. Most of us fit into the category of “micro-influencer”, and it can be an exciting place to be!Who are Micro-influencers?
Call them what you will – micro-influencers, long-tail influencers, the “Power Middle” – who are they and why are they getting so much attention?
There is no one defining characteristic or measurement that defines you as a micro-influencer. Generally it’s those of us with an online audience of less than 100,000 followers, be that a social or blog following. Some define it more specifically as having 500-5,000 followers, the power middle crowd have been defined as having 100,000-250,000 followers. You won’t get a straight answer from anyone, so let’s look at something other than just audience size to help figure out if you’re a micro-influencer (my term of choice, so I’ll use that from here on in).
Generally, as audience size goes up, engagement comes down. As marketers get smarter and realise the power of engagement over reach, their gaze has drifted to micro-influencers. Here’s why, neatly summed up in a graph from research done by influencer marketing platform Takumi on half a million instagram accounts....
Think only the big influencers and celebrities make money? Make room for the micro-influencers and the three monetisation strategies they can use.