Social media platforms are now much more than simple platforms for fun and socializing. It is now a commercialized space and the influencers are making big money out of it. It is common to encounter an influencer promoting a product or service while scrolling through a social media post. Reports further indicate that the influencer marketing industry will be $16.4 billion by the end of 2022. The influencer market grew by 26% last year alone. Such data clearly can push anyone to the influencer market because of its money. The question is how influencers actually earn their handsome money. Do they have only one source of income or many? Today, we will put this question under the microscope to check the sources of income in the influencer space. Listed below are the different sources of income of an influencer. 

Affiliate Marketing

When we think about affiliate marketing, we often think about blogs and websites. However, even the influencers earn money from affiliate marketing. How does affiliate marketing work for influencers? Influences often put links or coupon codes that allow their followers to buy 4D Lotto or other products and services at a discounted price. When a customer uses the customized coupon code of the influencer, the influencers earn a small fee on the transaction. 

Sponsored Posts

Sponsored posts are one of the primary sources of income for any influencer. Brands of different sizes reach out to influencers to promote their product and services. Brands that support services similar to Lotto Result can reach out to influencers for increasing the trust of the customers on it. Established influencers charge a good amount of money to sponsor such products and services of the brands. Sometimes, celebrity influencers earn up to $100,000 for sponsored posts. Furthermore, few influencers move beyond the sponsored posts to become a brand ambassador of the brand, too, where the compensation is much higher. 

Courses 

It is not uncommon to see influencers having their own course. Through courses, an influencer adds educational value to the lives of their followers. For instance, an influencer with massive followers can start a course on how to gain organic followers or how to create a branded Instagram page. Mostly, such courses are available in digital format. By creating one course, the influencer can keep earning money from it for a considerable time.

Events 

Gone are the days when only celebrities were invited to an event. Now that everyone knows the power of the influencer market, it is common for influencers to receive invitations to different events. Influencers add value to the events, they post about it in their stores, which can bring the event in a limelight, and the influencers do not give the brands this limelight for free.  

Other sources of income for the influencers include podcasting, webinars, and opening their own line of products and sources. Influencers also save a ton of money when they travel. It is especially true for travel influencers who showcase a hotel’s or restaurant’s beauty in exchange for free accommodation. 

The Responsibilities On The Shoulder Of The Influencers 

71% of the income of any influencers comes directly through sponsored content. Therefore, It is a common myth that influencers accept all sorts of sponsorship deals. Well, that is not the case. Influencers who end up sponsoring everything can land up in hot water by losing the trust of their followers. Most social influencers actually prefer to try the product or service of a brand before recommending it to their followers to ensure that their fans are empowered with the right information. It is also the right thing to do because it is only then it becomes possible for an influencer to keep their followers and fans intact. 

How Much Do The Influencers Make?

An established influencer does not have one but multiple sources of income. It is only through a combination of multiple incomes that they can afford their lifestyle. Also, not all influencers bring the same amount of time. A lot of factors determine the money aspect. For example, a micro-influencer usually earns less than influencers with more than one million followers. To give you an exact figure, the income of multiple influencers lies in the range of $40,000 to $100,000. Also, it needs to be noted the niche of the influencer also plays a significant role in the income. A fashion influencer earns much more than an influencer who is dropping reviews of books. 

The value of the influencers in the current market is high, and they have entered the celebrity territory. With loyal followers, only the sky’s the limit for them.