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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
hands-down the best method out there. Yet many brands don’t
work with them because Weibo and WeChat KOL marketing
costs are a total enigma.
PARKLU
Brands can’t make heads or tails of the potential costs.
has created
That’s understandable. a totally
free tool to
I personally think China holds the world title for Most estimate
Confusing Social Media Ecosystem. your KOL
fees and
WeChat is essentially a black box with the social data of reach
China’s entire population inside. It all goes in, but very little across 11
useful data for marketers comes back out. Weibo, while more social
open, is a mess and hard to trust. On top of all that, the KOL media
marketing ecosystem is not standardized and there is little platforms.
public data on costs.
TRY IT OUT
That’s why I poured over three months of aggregated
KOL data from more than 1,100 Weibo and WeChat KOL
accounts and compared it to the average price they charge for
a brand-sponsored post.
I want to expose the truth about Weibo and WeChat KOL Connect on
marketing costs and see how they stack up to alternatives like WeChat
pure ad spend on Weibo and WeChat. My goal is to help you
make better marketing decisions and to have clearer
expectations when working with KOLs.
*Note: This article will note address ROI. ROI research results
are forthcoming.
Categories
Bilibili
China Social
Networks
Douyin
E-commerce
*Core City = 1st tier city, large city = 2nd tier city, Others = 3rd, 4th and other smaller cities
Health & Fitness
WeChat Banner Advertising CPM (cost per 1,000
Influencer
impressions): Marketing
KOL Marketing
Live Streaming
Luxury
Marketing
Strategy
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
Meipai
Micro-influencers
Millennials
ROI
Travel
Wang Hong
Marketing
WeChat
*Note that the pricing for banner ads are only for accounts with 500k followers or less.
These accounts have set prices and marketers can use WeChat’s ad-buying system to
buy banners that target these specific accounts. If an account is larger than that, it is
Weibo
considered by WeChat to be a KOL account, to buy banner ads on these accounts,
marketers must directly contact WeChat and the pricing will be set by the KOL account. Weitao
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
#1. Pay for post promotion via the KOLs account because
there is reduced CPM rate of 10rmb per 1,000 impressions.
#2. Have the KOL agree to stick your promoted content to the
top of their mainstream. If the KOL pays to be a VIP, which
they most likely do, they can select a single post to be stuck to
the top of their account for however long they want no matter
what else they post.
#3. Pay for fake likes, comments, and reposts. This has a
three-pronged benefit. Firstly: The fakes trick Weibo’s
algorithm into believing that the post has gone viral and will,
therefore, be spread to more followers organically. Secondly:
When someone sees a post with a lot of engagement it’s more
likely to be paid attention to. Thirdly: The five most engaged
posts will be featured in the KOL’s Profile Page and will
remain there until there are five posts with more engagement.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
research.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
The following data was pulled from 1,100 WeChat and Weibo
KOLs on the PARKLU platform and is aggregated averages.
Pricing was a mix of KOL campaigns, KOL campaign bids,
and KOL set pricing. All Weibo and WeChat KOL marketing
costs data and pricing was broken down by account size or
impressions. Though it is impossible to totally eliminate fraud,
all suspicious data and accounts were excluded.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
When you work with a KOL, you are paying for content
creation too, not just exposure. Let’s say you don’t work with a
KOL and just buy ad impressions. Well, where is that ad
content going to come from? You would have to hire someone
to create the content. Comparing the CPM of pure ad
distribution to the CPM of a KOL’s distribution isn’t fair
because the latter includes the cost of content creation.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
When you work with a KOL, you’re not just paying for one post
— you’re paying for years of blood, sweat, and tears. Many
KOLs worked their asses off for years with no pay to build
their audience and perfect their content. When they do finally
start earning money, you’re paying for all their experience and
all the work they’ve put in. Top KOLs are successful because
their brand is their life and they are extremely dedicated to it.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
And most importantly, you are paying for real attention, not
impressions.
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Weibo and WeChat KOL Marketing Costs | PARKLU 31/03/2019, 4*27 PM
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