INCOME CHEATSHEET FOR SOCIAL MEDIA MANAGERS – AKA SOCIAL MEDIA MANAGERS CAN MAKE HOW MUCH?!
You’ve heard of Social Media Management but how much does a social media manager make ?
So….wondering if you can REALLY make a full-time income JUST by being a social media manager?
Really? Just by hanging out on Facebook and Instagram and Twitter and #alltheplatforms?
(Okay, it involves a LITTLE more than that…but honestly, what job doesn’t involve some work?)
Well, I’m here to tell you that…
IT’S POSSIBLE. And I’m going to prove it!
Let’s say your monthly retainer is $500 per platform. (And if you’re in SMU and have access to all of our trainings in there – you DEFINITELY need to be charging that, at the very least!)
And say you secure 5 clients at 2 platforms each. That’s $5,000 per month.
(Worried about securing clients? We teach you exactly how to do it, with proven strategies and methods, in SMU too!)
Want to know the average monthly salary of a registered nurse?
You would be one client away from bringing in more income than a NURSE.
Okay, and now let’s add Facebook Ads to the equation!
Say you do Facebook Ads for a client starting at $1,000 per month.
(If you’re part of SMU Elite, you DEFINITELY have the education to charge that much. I believe in you!)
Now you’re running Facebook Ads for your social media clients, which brings your monthly retainer for each of them up to $2,000.
💪Now you’re at $10,000 a month.💪
Just for reference, the average monthly salary of a lawyer is $12,041.
You’re making almost as much as a lawyer. And odds are, they’re working twice as many hours as you are.
Comparing Social Media Managers To Other Industries
Just to compare – let’s have a look at some more average monthly salaries, shall we?
Secretary – $3,180
Journalist – $3,258
Accountant* – $4,178
Personal Trainer – $4,922
Makeup Artist – $5,080
Psychologist* – $6,102
Architect* – $8,117
Pharmacist* – $9,833
* All of the starred careers are the ones in which you’ll have to put in years and YEARS of expensive education before you can start earning a sustainable income.
And let’s have a look at what you can be earning monthly as a social media manager and/or Facebook Ads manager.
(All this assumes you’ve got a solid training foundation and a supportive community where you can ask for help whenever you need it – incidentally, both are found in SMU and SMU Elite! 😎)
- Social media platforms – starting at $500/platform, and as you start to get more results and stack your wins up to as much as $750 or even more!
- FB Ads – starting at $1000/month – and as you start to get more results and stack your wins, $1500-$2500 per month!
Now think of your monthly income goal, and work backwards from there to reverse-engineer the amount of clients you’d need to secure at those rates.
BOOM. You’ve replaced (or more than replaced) your full-time income.
What does this mean as far as how much social media managers make?
As a social media manager, your income potential is virtually endless.
As you secure more clients (and more income), and begin to max out your working hours, you can always bring on team members or freelancers to take on some of your workload.
💪In fact, I reached a monthly income of $56,000, with just myself and ONE team member!💪
You read that correctly.
That’s OVER FIFTY THOUSAND DOLLARS A MONTH.
(To be fair, I was working around the clock – but you can still bring in HALF that much working “normal” hours with a little bit of help. Not too shabby, right?)
As my good friend Bradley Gibb says, “Entrepreneurs don’t earn money. They create it.”
Entrepreneurs are the ONLY ones in the world who can actually go out and create more income, instead of knowing on January 1st exactly how much they’ll have earned by the end of the year.
Want to build an infinitely scalable business that you can run from your couch (in your PJs, if that’s what floats your boat)?
Sign up for our FREE program, Social Media United – joinsmu.com