How do you set an influencer marketing budget?
Quick answer
Set an influencer budget by starting from the goal and working back: decide the result you need, estimate the reach or conversions to get there, then price the creator mix that delivers it. Many brands carve influencer from a share of total marketing spend and test small before scaling.
We are setting next year plan and have no basis for an influencer number. How do you set an influencer marketing budget that is not just a guess?