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Marketing School - Digital Marketing and Online Marketing Tips

In-House Creators Get Paid $200k To Make TikToks

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 10 December 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

In episode #2882, Eric Siu and Neil Patel discuss the significant salaries of in-house creators and the complexities of managing influencer relationships. They break down the ROI of various influencer categories, emphasizing the profitability of micro influencers compared to celebrities.  Don’t forget to help us grow by subscribing and liking on YouTube! Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)  TIME-STAMPED SHOW NOTES: (00:00) The Rise of In-House Creators (02:56) Influencer Marketing ROI: A Deep Dive (04:46) That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more!   Leave Some Feedback: What should we talk about next?  Did you enjoy this episode? If so, please leave a short review.   Connect with Us:    Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency X @neilpatel X @ericosiu

Transcript

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0:00.0

Did you know that in-house creators are getting paid 200 grand salary to make TikToks?

0:07.0

That's a crap load of money.

0:08.8

That's overpaying.

0:09.8

Yeah.

0:10.1

So the point is, I think we're going to see more in-house creators get paid money.

0:13.8

You actually had a good Instagram post.

0:15.7

I saw it right before I got here, talking about the ROI of influencers.

0:19.1

But I put a caveat in the text.

0:21.1

It takes way more time to manage them and sometimes you need a dedicated person or a team

0:25.8

just to help you with the micro influencers because you have to have so many of them to do it in volume and really make the numbers work.

0:31.7

But the ROI is huge.

0:32.8

We ended up looking at 46 influencer marketing campaigns and And combined, when you look at all the

0:39.3

influencer marketing campaigns, they had 2,808 influencers that were used. And it was funny. Some

0:44.9

people put in the comments, well, the ROI depends on how relevant the influencer is to the

0:49.6

campaign that you're promoting. Just as a caveat, as a marketer, you only choose relevant influencers

0:55.6

to promote a product. You would hope so. Yeah. I'm like, I don't know who would use an irrelevant

1:00.2

influence of promoter product. You just lose money. So we have four categories of influencers.

1:05.3

Celebrities, 1 million plus followers, macro influencers, 500 to a million, mid-sized influencers, 100,000 to 500,000

1:13.5

followers, micro-influencers, a thousand to 100,000 followers. For the celebrity followers,

1:18.9

million-plus followers, we saw a 59.43% loss and that was a cost.

1:28.9

That's how much money they lost, right?

1:30.7

And we're not looking at revenue.

...

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