Brand and social media influencers are driving the consumer market, and many businesses are exploring influencers to promote their brands. It is no more news that the days of using traditional methods to shelf marketing are long gone. Today, consumers are smart and savvy, and many are equipped with tools that make them connected shoppers. According to Social Blade, the top 50 Instagram influencers have over 3.1 billion followers. Influencers can captivate large audiences with their personality and social media presence. Hence, they can heavily impact the purchasing behavior of their followers.
Influencer marketing works, and that explains why companies keep throwing products money towards these social media stars. Besides your ability to pull the crowd as an influencer, you should have a working strategy of getting paid promptly. An influencer invoice template would help you organize payment information and contracts and enhance faster payment response from clients. Many influencers, especially those that are new to a brand partnership, are caught in the web of sending incorrect invoices. An editable influencer invoice template would make you send faster invoices, and it will also help you avoid common mistakes that may cause unnecessary delays. If you are new to crafting invoices, you may go online to get a template or edit one from an invoicing platform.
You deserve payment for your posts and market promotions that your company or brand enjoys. But you must craft a professional influencer invoice template for billing clients if you want to get paid promptly. See the details your template must include:
The header section of your influencer invoice template should have your full name (legal name) and include the company name if you have formed a business entity. Also, add your valid email address, contact address, and phone number. Your company will probably need these information for tax purposes in filling independent contractor forms( Form W-9 & 1099-NEC). Ensure you include the date you created the document and also generate an invoice number to track the bill.
Next on your influencer invoice template is the marketing company or PR agency name. You also need to include the email address, mailing and contact address, plus the organization's phone number.
In this section, you need to add the piece of content and what your employer is for it. It would help if you have each item on a line, for instance, 3 posts on Instagram plus 2 posts on Facebook make 5 line items. You may also include screenshots of analytics when submitting the invoice to your company.
Include your fees for each activity or service and restate your pricing model on the influencer invoice template. Sum the fees and include the total somewhere at the bottom of the page.
Payment terms are critical, and this section of your invoice should include the agreed terms on your contract. Consider adding your preferred payment method and the payment due date. Avoid leaving an open-ended due date, which may result in a delay in response from the company. Payment due in 15 days, 30 or 45 are common policies that you may explore; the decision is entirely yours to make. Also, give room for a wide range of payment options like digital methods. That flexibility may help your company respond faster than expected.