In 2015, this sector contributed 97 billion pounds and provide more job growth than any other sector in the country (Tech City, 2017). PayPal payments are easy to send but in the case of a dispute, it might be tough to get your money back if PayPal isn’t on your side.Digital economy is currently huge economy contributor for United Kingdom.
PayPal (Fast, Un-secure) This is a pretty straight forward payment method but it comes with more fees than a bank transfer. You will need to coordinate with the influencer to ensure you have all the necessary banking information from them to complete the transfer. The downside of this method is that it requires more preliminary information than the other payment methods listed below. ACH Bank Transfer (Slow, Un-secure) Bank transfers allow you to send money directly from one bank account to another with little to no fees. Since influencers are not paid until the collaboration is complete, you won’t have to worry about losing your money. Collabstr (Fast, Secure) If you want to mitigate your risk, you can use an influencer marketplace like Collabstr to pay influencers and coordinate collaborations. There are a few different ways you can go about paying influencers: Once you have agreed on a price, you will have to pay influencers for their work. Typically, the larger and more engaged your following, the better you can price yourself. Size: While size isn’t everything, it definitely plays a role in how you should price yourself brands tend to use the size of your following as an indicator for how many people the can potentially reach. Use the price calculator as a guideline to see how others in your specific niche are pricing themselves. Based on our data at Collabstr, content creators in the financial space tend to fetch more per sponsored post than those in the beauty or fashion niche. Niche: Your niche plays a big role in how you will be able to price your sponsorship and content packages. This means that your price may not be the same across all platforms, and instead you should price yourself differently depending on the platform. For example, YouTube sponsorships tend to cost more than TikTok sponsorships. Platform: Different platforms have different pricing brackets. 
If you’re wondering how much to charge brands for sponsored posts or content, there are a few things you should take into consideration.
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