If you opt to go hourly, newer social media freelancer rates can hover around $15-$50 per hour. For more intermediate social media marketers, they can make $50-100 per hour. And an experienced social media manager can make $120+ or much higher.
Top-paid social media consultants easily make more than $100,000 a year. But the amount you make is highly dependent of the amount your clients make. The more success you bring to them, the more you can demand from both new and existing clients alike.
Social media marketing can be profitable for your business when you apply best practices with your marketing strategy. This includes specific targeting to your audience, applying messaging appropriate to the social media channel, and consistency. However, that is a lot of “if’s” to reaching profitability.
How much can you make owning a marketing agency?
The average marketing agency earns a net profit margin between 6 and 10 percent — with digital agencies reporting even higher margins around 20 percent. Corporate advertising agencies, in some cases, report margins as high as 40 percent.
What is the highest paying marketing job?
High-Paying Marketing Jobs
- International Marketing Executive: $282,100. …
- Top Channel Development Executive: $267,200. …
- Top Marketing Executive: $244,400. …
- Top Market Research Executive: $193,100. …
- Marketing Director: $152,800. …
- Ecommerce Marketing Director: $148,500. …
- Database Marketing Manager: $97,100.
1. Snapchat. According to CNBC, Snapchat pays up to $1 million per day for content created on the platform. Snapchat users can submit their best snaps to Spotlight, an entertainment platform that shares this kind of content from around the world.
Growth in World’s Most Used Social Media Platforms
|Platform ( All numbers in Millions)||2019||% Change|
Pay-per-click (PPC) ads: Run paid campaigns on Bing or Google Ads to complement your social media ads. Website or landing page design: Develop and update client websites or design landing pages for targeted social media posts or ads.
Agencies can charge clients based on ROI of paid media. Ads, search results, and sponsored content that’s paid to be promoted are common examples of this ad type. Usually, they’re used to expand reach and traffic.
Is it worth starting a digital marketing agency?
Building out a digital marketing agency is far more productive and beneficial versus having only freelance individuals working for you. The reason being is that these people won’t be working in siloes, but rather be part of a bigger team.
How much can I sell my digital marketing agency for?
Digital marketing agencies can sell from anywhere between 1.5X – 7X EBITDA, depending on a multitude of factors. There are some obvious factors that determine how much your digital agency is worth, like the size and revenue structure (project vs. retainer based).
What multiple do media companies sell for?
A lot of discussions around a media company’s valuation start with a multiple of its revenue. Digital media companies tend to sell for between 2.5 and 5 times (2.5–5x) revenues from the previous, or “trailing,” 12 months.
What 4 year degree makes the most money?
Highest Paying Jobs With a Bachelor’s Degree
|Rank:1||Petroleum Engineering||Mid-Career Pay:$187,300|
|2||Operations Research & Industrial Engineering||Mid-Career Pay:$170,400|
|3||Electrical Engineering & Computer Science (EECS)||Mid-Career Pay:$159,300|
|4||Interaction Design||Mid-Career Pay:$155,800|
What are 5 careers in marketing?
5 Careers in Marketing With the Best Future Outlook
- Market Research Analyst. Market research analysts are in demand. …
- Marketing Director. The job description of marketing directors can vary depending on the size of their employer. …
- Marketing Manager. …
- Business Development Manager. …
- Public Relations Specialist. …
Is marketing a high paying career?
As marketing professionals advance into managerial roles, their salaries become very lucrative. The top five highest paying marketing careers include senior product management director, group product manager, vice president of marketing, product management director, and product marketing director.