Your Ultimate Guide to Instagram Influencer Marketing in 2023

Instagram influencer marketing is a great way for brands and businesses to reach engaged (and relevant) audiences.

But what is influencer marketing, how much does it cost, and why should it be part of your Instagram strategy?

We’re sharing everything you need to know to successfully find and work with influencers and creators, below.

What Is Influencer Marketing on Instagram?

Instagram influencer marketing is a type of social media marketing that leverages endorsements from influencers (and creators) to promote a brand's products or services on Instagram.

It's a great way to tap into an already engaged audience, introduce your brand, and jumpstart a relationship with potential customers.

FYI: Mavrck is an all-in-one influencer marketing platform trusted by brands to plan, grow, and manage their creator programs. Book a demo now.

The Key Benefits of Instagram Influencer Marketing

From tapping into highly engaged audiences to making major sales, here are four benefits to Instagram influencer marketing: 

Benefit #1: Say Goodbye to Salesy Content

What makes partnering with influencers so effective? One word: trust.

Influencer marketing removes the barriers of traditional advertising because users are introduced to your brand from a trusted source (the influencer) on an authentic, casual platform (Instagram).

When an influencer recommends a product or service in an Instagram post, Reel or story, it can come across as a vetted recommendation from a friend. 

Essentially, by partnering with relevant influencers, your business is placed in front of people who are interested in your niche, so it’s easier to make a real, lasting impression!

Benefit #2: Tap Into Highly Engaged Audiences

When it comes to influencer marketing, Instagram has a pretty decent engagement rate:

So, tapping into a creator’s engaged audience with a Collab post can give you a serious boost in likes, comments, saves, and shares.

Just peep the combined likes and comments on this Nanak Foods and @theglobalvegetarian collaboration:

The best part? You don’t have to work with supersized influencers to make an impact.

Nano and Micro influencers typically have higher engagement rates than Macro influencers and lower rates for sponsored posts. 

Watch our 3-minute YouTube video tutorial on How to Use Instagram Collabs:

Benefit #3: Build Long-term Relationships

Research by Assemblo says “a person needs to see or hear an advertisement at least seven times for it to make a lasting impression.”

So, we recommend working with an influencer over a long period of time. 

For example, when you think of mega influencer Tinx, you may automatically think of Tabasco:

The takeaway?

When you go the extra mile and build a strong partnership with a creator, you’re also building a strong relationship with their followers — win-win.

Benefit #4: Increase Sales

The influencer marketing industry is set to grow to $21B in 2023.

So, teaming up with influencers and creators in your niche provides the perfect opportunity to make some serious coin. 

Our advice? Run an influencer campaign for your next product launch like MAC Cosmetics did with their latest Hyper Real High-Performance Skincare line:

By partnering with multiple creators — Aysha Harun, Cyrus, and Amy Chang — the beauty brand leverages each influencer’s community, introducing their audience to their new line of skincare, and in turn, generating sales. 

Can you say, cha-ching?

5 Different Types of Influencers on Instagram to Partner With

Influencers are commonly categorized into five different tiers based on their Instagram follower count:

• Nano: 0K – 10K

• Micro: 10K-100K

• Mid: 100K – 500K

• Macro: 500K – 1M

• Mega Macro: 1M+

Each influencer tier has its strengths and weaknesses, so deciding which one is right for your next campaign can depend on several factors.

Macro and Mega Macro influencers, for example, have gigantic audiences — making them a great choice for campaigns where mass awareness is key. 

Their near-celebrity status has the power to shift a brand’s perception by association alone.

However, this impressive social clout often comes at a cost — with the price of a sponsored Instagram post ranging from thousands to tens of thousands of dollars.

On the flip side, Nano and Micro influencers have a much smaller, but often more targeted, audience, making them a great choice for brands looking to tap into hyper-niche communities.

And if you’re worried about budget, Nano and Micro influencer marketing is typically a more affordable choice. 

TIP: With Mavrck's influencer marketing platform, you can find new creators to work and partner with. Book a demo now.

How to Find the Right Instagram Influencers for Your Brand

The best partnerships will help you reach engaged audiences and build brand awareness.

So, how do you find the right influencers and creators for your next launch? 

We’re sharing five steps to help you find your perfect match:

Step #1: Define Your Goals

Are you looking to build brand awareness? Drive sales? Generate more leads? 

Think about how your collaboration will fit into your broader social media marketing strategy, and then set SMART goals. 

Later’s Influencer Marketing Specialist, Adrienne Sharpe, says setting expectations in this stage is key to achieving your desired outcome.

Step #2: Monitor Influencers & Creators Talking About Your Brand

Collaborating with the right people can be as easy as looking in your own backyard. 

Set time aside to frequently monitor your tagged posts, comments, DMs, and branded hashtags to find influencers and creators who are already engaging with your brand.

"When you find influencers who are already talking about your brand, it makes it easier to reach out for a potential collaboration," says Later's Influencer and Partner Marketing Manager, Kurtis Smeaton.

"Of course, you'll need to vet them first. And if they're a brand fit, it'll make their endorsement more genuine," explains Kurtis.

Step #3: Look at Who Your Target Audience Engages With

Finding influencers that resonate with your target audience is an important step in the search process.

To do this, look at your existing community. Select anywhere from 10 to 15 followers who represent your target audience, and check out their following lists.

What type of creators are they already following? What’s their niche? Are you seeing any common trends in their content? How in line are they with your brand? 

On the lookout for new influencers to follow, get inspired by, and connect with on Instagram? Bookmark this post: Ones to Watch: The Best Content Creators to Follow on Instagram

Step #4: Look at an Influencer & Creator’s Key Performance Metrics

Evaluating an influencer’s metrics is vital in determining if they'll help you reach your goals.

Once you find a creator you’re interested in, Adrienne recommends doing some digging before approaching them. 

“Look through their followers and the comments on their posts,” she says.

“Are they full of bots? Spam accounts? This will help you gauge the genuineness of their community and engagement.” 

As a best practice, scroll through an influencer’s previous posts, do a thorough Google search, and ask any contacts you have in the influencer marketing industry.

TIP: Later lets users generate a validated Performance Report with key metrics in one easy-to-digest, shareable link. Ask your next influencer partner to share their performance report in two taps!

Step #5: Use an Influencer & Creator Database Tool

Finding the right partnership can feel like a full-time job without the right tools — but who said you have to do the heavy lifting?

Using a third-party tool like Mavrck's influencer marketing platform can help you easily discover and connect with creators and influencers for your next campaign.

How to Reach Out to Instagram Influencers

Your first message to an influencer could make or break a partnership deal, so it’s worth putting in additional time to make sure you’re reaching out in the right way.

Before you pen a DM to your favorite Instagram influencer, we have a few tips to help you get the right tone, message, and level of professionalism across:

Step #1: Research for Correct Contact Details

First up, check if they have their contact information on Instagram. 

All Instagram Business and Creator profiles can set up an email button from their profile, so you can email them directly from within the app:

If they don’t have this setup, many influencers have a link in bio page directing users to their website, or a contact form on their blog: 

Step #2: Email Is Always Best for First Point of Contact

If you can source an email address for your influencer, we recommend sending them an email over any other kind of contact in the first instance. 

It’s professional, and lets you share more about your brand and campaign mission (more on that below).

If you can’t find an email, you can send a DM! 

Just remember to always be professional, use their first name (rather than their Instagram handle as the greeting), and provide your email straight away as a point of contact.

From there, your influencer may DM you a reply with their contact details, or send you an email directly. Either way, you’ll have reached out in the best way possible.

P. S. We have 6 email templates (+1 DM template!) ready for you to copy, paste and customize to send to an influencer if you’d like to reach out to them! Just download our free Influencer Campaign Kit for Small Businesses here:

Step #3: Introduce Yourself, Your Role, and the Brand You Work For

Whether you’re the founder, CEO, marketing lead, or social media manager, make sure to introduce yourself.

That way, they’ll know exactly who they’re speaking to and may feel more confident asking questions about the future campaign. 

Step #4: Talk About the Campaign & Why the Influencer Is a Good Fit

Remember to talk about the campaign (even if it’s still being fine-tuned!) and the direction the campaign is going in. 

You’ll also want to mention why you think the influencer would be a good fit for your campaign. Be as transparent as you can in your emails so everyone is clear on the project from the get-go. 

Step #5: Negotiate Budget

Now that you’ve identified a few influencers you’d like to work with, it’s time to talk money!

Most influencers will provide a rate card or a media kit with rates included:

Keep in mind that rates can fluctuate — so be ready to negotiate a fee based on your budget and expected deliverables.

When the fee has been agreed upon, you’ll need to create a contract that includes all relevant information, including:

• Payment: How much will they be paid? When will they be paid? Will there be other incentives aside from cash, like free products?

• Briefing materials: Will you provide them with FAQs, descriptions of your products, and a caption guide?

• Content deliverables: Will they be creating feed posts, Reels, Instagram Stories? How many?

• Deadlines: When do they need to send their content for approval? When do they need to post their content?

• Approval process for deliverables: How much feedback will you provide? What will the process be for approving their work?

• Length of the contract: How long is the campaign or partnership?

• Usage rights: Will you use their content for promotional purposes or on other platforms? How long will you use their content?

• Exclusivity clause: Can they partner with a competitor during the campaign?

• Endorsement Disclosures: How should they disclose your paid partnership?

• Cancellation clause: What are the requirements for either party to terminate the agreement?

ICYMI: With Mavrck's tools, you can discover and partner with the right influencers for your brand.

How Much Do Influencers Charge?

The short answer: it depends.

Since the influencer industry is still fairly new, there’s unfortunately no universal one-size-fits-all pricing rule.

For example, if you were to ask a content creator how much money they charge brands for sponsored posts, you may be surprised to see a scope of answers across the board:

That said, many brands have adhered to the one cent per follower (or $100 per 10K followers) rule as a starting point when partnering with creators.

Though, creator rates should also consider:

• An influencer’s reach and engagement: The higher the engagement rate, the more they'll charge.

• The type of content included in the scope of work: An Instagram Reel or carousel may cost more than a standard feed post.

• The amount of time and resources required to create content: This includes setting up shots, possible outfit changes, script writing, etc.

• The length of the campaign: How often is the influencer expected to post about a product or service?

• Usage rights: This includes rights to repurpose content for a brand’s site, ads, or other platforms.

While some of today's biggest content creators are charging major bucks to create posts for brands, that doesn't necessarily mean creators with smaller followings can't do the same.

Plus, when you consider influencers who have multiple streams of income like online courses, public speaking opportunities, or a small business — the sky's the limit.

TIP: Check out brands like Clara for Creators and FYPM who advocate for more pay transparency in the industry and help influencers set their rates.

Speaking of pay transparency, Later's got a Creator Rates Report in the works. Sign up for our free weekly newsletter to be the first in the know, when it drops! 👀

Tagging Sponsored Posts on Instagram

When it comes to Instagram influencer marketing, it’s important that both parties are on the same page about how to disclose sponsored Instagram posts.

As a brand, it’s your responsibility to ensure that you are FTC compliant — here are five rules for properly disclosing a sponsored Instagram post:

Rule #1: Place Your Disclosure So It’s Hard to Miss

The first rule of a sponsored post is to make sure the disclosure is instantly obvious to anyone who engages with the content. 

For example, if you or an influencer is sharing a sponsored feed post, the disclosure should be clearly visible in the first few lines of the caption — not buried amongst hashtags or hidden behind the “more” button. 

For video content, the disclosure should be included in the video itself as well as in the video description. 

The reason? According to the FTC, some viewers may watch without sound and others may not notice superimposed words.

Rule #2: Use Simple and Clear Language

Now that we’ve covered where a disclosure should live, what actually counts as a fair and clear “disclosure”?

Well, the latest advice from the FTC is that a simple explanation, such as: “Thanks to [insert brand] for the free product,” is often enough. 

Equally, terms like “advertisement,” “ad,” and “sponsored,” are acceptable so long as they are clearly visible to anyone who engages with the sponsored content.  

The main thing is to ensure the disclosure is crystal clear, and isn’t open to any misinterpretation. 

Stay away from vague or confusing terms like “sp,” “spon,” and “collab,” or stand-alone terms like “thanks” or “ambassador.”

Rule #3: Use the Same Language Throughout

It may seem like a given, but it’s important that the disclosure is in the same language as the endorsement itself. 

For example, if a caption about a partner brand is written in German, your disclosure explanation should be in German too. 

Rule #4: Don’t Assume a Platform’s Disclosure Tool is Good Enough

ICYMI: Instagram has introduced brand partnership labels for sponsored content: 

According to the FTC, however, these built-in tools might not be good enough. 

Their advice is to use these tools as well as your own clear and accurate disclosure.

Rule #5: Share Honest Endorsements Only

Last but not least, it’s important that the influencers you partner with are giving fair and honest endorsements — even when the partnership is fully disclosed.

For example, influencers shouldn’t talk about their experience with a product or service they haven’t tried.

Equally, influencers should never make claims that would require proof the advertiser doesn’t have, such as scientific proof that a product can treat a health condition. 

And there you have it — our ultimate guide to Instagram influencer marketing to help grow your business.

Whether you’re gifting a product or paying an Influencer for sponsored posts, brands both big and small can harness the power of Instagram influencer marketing to reach new audiences and drive serious sales!