For new (and even established bloggers) there’s a cloud of mystery in the Australian blogging industry around setting advertising rates. As the community manager for Blogger Connect, one question I get asked a lot is: “how many unique views do I need before I start advertising?”. Secondly, it’s: “how much do I charge?”. With no real industry standard, it is also a question asked around the world. On the flip side, in this industry with no established guidelines, are brands just as much in the dark?
It’s not as cut and dry as looking at website and social media traffic to determine how much to charge. A blog that has 20,000 unique views per month doesn’t necessarily trump a blog that has 10,000 unique views. The blog with 10,000 UV may have a more engaged audience than the blog with 20,000 UV, which makes it a much better value proposition for the advertiser.
But are brands on the same page? Do they consider engagement rates in conjunction with unique views, or are they all about the numbers? Are bloggers respecting their worth, and are brands prepared to pay?
It’s these types of questions that led us to launch a poll on Blogger Connect to give bloggers more confidence in setting their rates, and brands insight into what bloggers are worth.
We polled both bloggers and PRs/brands about unique views, advertising rates and engagement levels, and the results to date are surprising.
We asked bloggers how many unique views they had before they started advertising, and brands what the minimum unique views a blog needs before they will advertise with them. We also included an option for brands to indicate they don’t consider unique views at all when choosing which bloggers to advertise with.
In another question, we asked brands whether they consider engagement levels in conjunction with unique views when reviewing a blog, and 79% have responded with yes.
These results are heartening. At Blogger Connect we educate brands to not exclude the ‘little guys’ because smaller blogs with highly engaged audiences are of high value to their advertising mix.
Not only are brands indicating they are reviewing engagement levels of blogs (not just vanity metrics), 60% are willing to work with blogs who have unique views from 1000 to 3000. Brands are valuing smaller bloggers who have engaged audiences.
However, 45% bloggers believe they need from 3000 to 5000+ to start advertising.
Now to the nitty gritty. As a benchmark, we asked bloggers if they had 5000 unique views, how much they would charge for a sponsored post. Equally we asked brands what the most they would be prepared to pay for a sponsored post with 5000 unique views.
Only 17% of bloggers would charge $ 300+, whilst 57% of brands are prepared to pay this. 32% of bloggers charge between $ 200 and $ 300, with only 9% of brands indicating they would pay that as a maximum. 51% of bloggers are charging less than $ 200, whilst 33% of brands are only willing to pay this much.
Key Takeaways for Bloggers
The poll results to date indicate brands have engagement levels on their radar, and it’s not just all about unique views. They are willing to work with smaller bloggers, and if you have an engaged audience, you may not need as many unique views as you think you do before you consider advertising.
Highlight your engagement levels in your media kit, and take them into consideration when setting your rates. Comments on blog posts used to be the holy grail of measuring a blogs engagement, but many communities are gathering around their social media platforms.
Whilst comments are still definitely worthwhile including, some additional ways to showcase your engagement levels are to include interaction levels on your social media platforms (i.e. ‘talking about this’ from your Facebook page), and page views (in conjunction with your unique views) and time on site from Google Analytics.
If you’d like to help to continue to bring clarity to the blogging industry, click here to have your say in the Blogger Connect Industry Poll.
Gaynor was a blogger for 5 years, and is now the community manager for Blogger Connect. She is dedicated to supporting bloggers to reach their full potential, educating brands on the growing power bloggers have with consumers, and setting industry standards for commercial blogger outreach.
Gaynor is also a social media and blogger outreach consultant, and social media course presenter for NET:101. She advocates social media as a means for organisations to establish strong communities around their brand, enabling direct engagement and long-term loyalty.
Originally at: Blog Tips at ProBlogger