Incomes of social media influencers soar amid the growing popularity: Report
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According to a report, the income of social media influencers has risen in the last few years. Marketing firm Izea found the average price of a sponsored photo on Instagram grew from $134 in 2014 to $1,642 in 2019. Business Insider said brands appear to pay handsomely to sponsor posts, videos, stories & blogs too. The report had looked at sponsored content on Facebook, YouTube, Instagram & blogs, analyzing negotiated rates.