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Why Facebook Now Plans To Pay $1 Billion To Influencers Through 2022

by JustGoViral October 18, 2021
by JustGoViral October 18, 2021

Facebook Influencers marketing continues to be a top marketing option for many of today’s business owners. When any business decides to use one or more social media marketing platforms to improve brand recognition they have a good chance of gaining solid results. The fact that more businesses are beginning to take advantage of today’s influencer marketing opportunities means social media platforms must be prepared.

Platforms must be ready to handle the number of incoming new business brands that will soon be using the services of a professional influencer. Social media platforms must also be prepared to offer professional influencers the opportunity to utilize the best platform possible for performing their jobs.

Social Media Marketing Platforms

Social media platforms are placing a huge spotlight on how they can best support today’s professional influencers. Top social media channels understand that social marketing influencers now have the ability to bring in millions of daily users, making them a top area of focus.

 To date, nearly 38 million social media influencers are working as brand promoters on top social media platforms. This includes nano influencers, micro-influencers, macro-influencers, and mega influencers. Estimates state there are an additional 12 million people who would like to become social media influencer experts within the next year. This makes the total number of people wanting to make a living as a professional influencer close to 50 million. Leading channels realize if they want to get their fair share of these new and upcoming influencers they must create an influencer-friendly platform.

Social Media Marketing Influencers

Successful marketing influencers know how to best utilize their promotional power to persuade the purchasing decision of others on one or more social media platforms. While many influencers have a natural talent, others will work hard to build up their reputation as reputable and knowledgeable influencers. Those who plan on making a career influencing others must contain a certain set of criteria to set themselves apart from similar brand influencers.

The goal of every influencer is to profitably promote what they’re selling to their audience. To do this they must first take the necessary steps to become an influencer, which includes building up a large following. Once an influencer’s audience starts to grow they have the ability to receive serious traffic, which is good news for the brands they’re representing.

Facebook is the leading social networking site with its 2.74 billion active users. Facebook encourages all types of business influencers to utilize their products, tools, and services to connect with their audiences.

Facebook

Mark Zuckerberg, co-founder, and CEO of Facebook, Inc., helped create this most popular social media network in 2004 while attending Harvard University. The initial goal of the platform was to allow people to build communities, bringing them closer together. Most users decide to join to keep in close contact with family and friends. Many others join to promote their business brand.  

As a way to earn revenue, Facebook chooses to participate in online marketing with selling ads as its primary source of revenue. Ad options offered include post per click, cost per thousand impressions, cost per like, and cost per download. That will soon change as Facebook is using its powerful marketing abilities to earn additional revenue by building the best influencer marketing platform in 2022.

Facebook Marketing

Many businesses have found their success using the Facebook platform over the years. Creating a simple Facebook business account is required, making it easy for any business to create promotional ads to market their products and/or services to relevant Facebook users. Now that influencer marketing is on the rise, and expected to continue over the next few years, the social media giant aims to make it easy for any business to create and implement influencer marketing strategies.

Facebook is now choosing to focus its attention on making it easy for social media influencers to use their platform. Influencers work hard to persuade their followers to purchase what they’re selling and having access to the creative tools necessary to make this happen supports their mission.

Facebook knows today’s influencers can choose from a variety of top social media influencing platforms. In 2018, the company created a guide for business influencers, as well as a dedicated influencer platform. To entice influencers to choose the Facebook platform in 2022, the billion-dollar company has decided to pay its influencers.

Why Facebook Now Plans To Pay $1 Billion To Influencers Through 2022

According to Zuckerberg, “We want to build the best platforms for millions of creators to make a living.” To make this happen, Facebook will pay social media stars using its apps one billion dollars over the next 18 months. This applies to influencers who create content on Facebook or Instagram, as Facebook owns Instagram.

The social media company fully understands the importance of creating platforms professional influencers want to use. Their goal is to entice influencers to choose their platform over their competitors. Facebook realizes the importance of taking action now to woo promotional influencers or they risk losing their fair share to other top social media platforms.

Influencers who decide to take advantage of Facebook’s offer, for the most part, receive funds through shared ad revenue. Some will also receive bonuses for time spent on either Facebook or Instagram promoting brands by hitting certain milestones. Additional initiatives Facebook is offering include the option for influencers to solicit money from their followers and the option to sell branded merchandise.

Facebook’s new influencer program is currently invitation-only. Influencers who Facebook deems eligible for the program will receive an alert encouraging them to sign up. To make it easy for influencers to track their income Facebook will be creating a dedicated space on each platform. Making direct payments to influences may be in the works, as this tactic is known to persuade influencers to leave one platform and use another.

All social media marketing platforms are now looking into doing what’s necessary to win the approval of promotional influencers, making it so a platform must stand out amongst the rest. Popular platforms include TikTok Twitter, YouTube, and Snap. These platforms, as well as others, are also working on ways they can entice influencers to choose them over their competition.

Social Media Competition

In 2008, Facebook became the most visited social media website. By 2010, it increased its audience fivefold. Users enjoyed creating online identities that allowed them to easily keep in close touch with friends and family. Any age could access and utilize this fast-growing social media platform, giving it its wide appeal.

Facebook’s popularity, and its number of registered users, continued to increase until 2018. In October 2018, TikTok became the most downloaded app in the United States. TikTok is widely known for videos that create trends, giving credit to its audio system. Facebook’s other top competitors include Twitter, YouTube, LinkedIn, Pinterest, Snap, and Tencent.

Facebook has a competitive advantage over other social media platforms due to its number of monthly active users. This measurement counts the number of unique visitors to a website, making it a key performance indicator that assists in measuring how well a website is performing.

Facebook is still holding on to being the largest social network worldwide. Potential influencers who choose Facebook’s platform, as well as established influencers, get instant access to their billions of users. The number of active users is important to an influencer’s bottom line as they generate revenue.

Facebook Influencers

Facebook  is well known for investing large amounts of money in its many ventures. This newest venture is one Facebook is choosing to go all-in as the popularity of influencer marketing is only expected to rise over the next decade. Business influencers on Facebook have the opportunity to use all of the tools provided by the platform when posting promotional photos and/or videos.

Facebook offers its influencers the ability to authentically connect with their audience, as this is what audiences want. Facebook Live lets influencers broadcast live videos, allowing them to interact with their followers in real-time. Top influencers often use real-time communications to directly engage with their audience, as this is one of the best ways to build brands.

To be considered a Facebook influencer one must have a minimum of 200 followers. The most popular Facebook influencers have more than 200,000 followers. Celebrity influencers on Facebook have millions of followers.

Paying A Platform Percentage

Many social media platforms are currently making plans to take a percentage of an influencers earnings. The details are still being made, with plans on charging influencers a certain percentage based on the total amount of their earnings. Even though these plans will likely not go into effect for a few more years, once initiated social media platforms have the opportunity to make millions using this new revenue stream.

Conclusion

Businesses now have a decision to make when choosing Facebook to advertise what they’re selling. Will they continue using Facebook Ads or switch to using the professional services of a marketing influencer? While some businesses will choose both options, most will choose one or the other. Facebook Ads are often targeted at older audiences and influencer marketing is ideal for generating user engagement amongst younger audiences.

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