To calculate the Influencer Cost (\(IC\)):
\[ IC = \frac{I}{1000} \times CPM \]
Where:
Influencer cost refers to the amount of money spent on an influencer based on the number of impressions their posts generate. It is calculated by dividing the average number of impressions per post by 1000 and then multiplying by the cost per 1000 impressions (CPM).
Let's assume the following values:
Using the formula:
\[ IC = \frac{50000}{1000} \times 20 = 1000 \text{ dollars} \]
The Influencer Cost is $1000.
Let's assume the following values:
Using the formula:
\[ IC = \frac{100000}{1000} \times 15 = 1500 \text{ dollars} \]
The Influencer Cost is $1500.