HOW TO START A SOCIAL MEDIA INFLUENCER BUSINESS

As traditional media declines and social media emerges, marketers are increasingly incorporating social media influencer marketing into their strategies. Ste Davies reports that this is both a smart and popular advertising strategy, with 94 percent of marketers saying it’s effective and an increasing number of companies planning on using it through 2020. Marketers pay social media influencers because they’re the gateways to their followers. When stars on Facebook, Instagram and other platforms post about a company’s service or product, followers see and engage with whatever is being promoted. Start a social media influencer business by following these 10 steps: Plan your Social Media Influencer Business Form your Social Media Influencer Business into a Legal Entity Register your Social Media Influencer Business for Taxes Open a Business Bank Account & Credit Card Set up Accounting for your Social Media Influencer Business Get the Necessary Permits & Licenses for your Social Media Influencer Business Get Social Media Influencer Business Insurance Define your Social Media Influencer Business Brand Create your Social Media Influencer Business Website Set up your Business Phone System There is more to starting a business than just registering it with the state. We have put together this simple guide to starting your social media influencer business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.