When it comes to the world of the celebrity,
the worst thing is becoming irrelevant in the eyes of the public. Enter Instagram:
a social media platform that allows celebs to post content for the whole
world to see. As long posts are updated on a continual basis, followers are
constantly reminded of the success, popularity, and of course, relevance of the
celebrity Instagram user. This is also a clever way for corporations and
celebrities to work together to promote both their fanbase and the newest
upcoming product or brand.
Endorsements work
like this: a company approaches a well-known influencer of the public to release
a statement recommending a brand or specific product in exchange
for a sum of money. Companies are banking on the influence of the endorser to
increase overall advertising effectiveness and reach a larger audience, and on the fact that a recommendation from a celebrity will
convince more people to buy their products. This is becoming a widely used
marketing tool for companies in the beauty industry, especially because female
celebrities are so celebrated for their physical appearance. In fact, statistics
show that women are twice as likely to buy celebrity-endorsed products than
men*. So naturally, many companies will pay top dollar in order to sign
celebrities for even one Instagram post, because they will likely experience an
increase in their return on investments due to increased sales levels, and
potentially even an increase in company stock prices (Bergström and Bäckman, 2013).
Just how much
money can a celebrity make for one endorsed Instagram post? Well, that depends
on the number of followers they have. It makes sense that the greater the
following, the greater the asking price, and with top celebrities having
follower numbers in the hundred millions, that price can get pretty high. According
to online sources, Beyonce Knowles made $50,000,000 for a multi year contract
with Pepsi (Aubrey, 2016). It’s estimated that Kylie Jenner makes about $400,000 per sponsored
Instagram post (Toronto Sun, 2016). That’s a lot of money for 100 characters and a selfie, but then
again she does have an Instagram following of about 85.3 million and counting.
So if you think you’ve got the stuff to overrule a celebrity, here’s a list of
the Top 10 Most Popular Females on Instagram along with their current number of
followers.
Don’t forget to fill out our poll for your favourite celeb!
1. Selena Gomez – 109,000,000
2. Taylor Swift – 97,000,000
3. Ariana Grande – 95,800,000
4. Beyonce – 93,900,000
5. Kim Kardashian – 91,800,000
6. Kylie Jenner – 85,300,000
7. Kendall Jenner – 73,700,000
8. Nicki Minaj – 73,300,000
9. Katy Perry – 60,200,000
10. Miley Cyrus – 60,000,000
Bergström, T., & Bäckman, L. (2013). Marketing and PR in Social Media: How the utilization of Instagram builds and maintains customer relationships.
References
Aubrey, A. (2016, June 7). This is how much celebrities get paid to endorse soda and unhealthy food. Retrieved from http://www.npr.org/sections/thesalt/2016/06/07/481123646/this-is-how-much-celebrities-get-paid-to-endorse-soda-and-unhealthy-foodBergström, T., & Bäckman, L. (2013). Marketing and PR in Social Media: How the utilization of Instagram builds and maintains customer relationships.
Kardashians can make $400K per Instagram post: report. (2016, March 29). Retrieved from http://www.torontosun.com/2016/03/29/kardashians-can-make-400k-per-instagram-post
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