Developing your compensation strategy

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aklima@
Posts: 911
Joined: Wed Dec 04, 2024 5:28 am

Developing your compensation strategy

Post by aklima@ »

Be sure to have a strategy together before entering any creator negotiation. Here are some things to consider.

1. Know your numbers.
Be aware of what you can afford. If you’re negotiating a flat rate, have a buy phone number list maximum number in your head, and don’t exceed it. If it becomes clear that you and your creator won’t be able to come to a rate that works for both parties, don’t be afraid to politely end the negotiation.

Some other important numbers to keep in mind include:

Your ideal creator engagement rate.

Pieces of content created.
Length of partnership.
A total number of conversions generated.
2. Ask the creator what their rate is first.
Creator rates can be all over the map. By asking your prospect what their rate is first, you can get a solid jumping-off point and a better idea of whether negotiating with that creator will be worth your time.
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