Founded in 2013 by David Kierzowski and Agnes Kozera; FameBit is an online marketplace where the company connects people to brands. These people come in the form of social influencers that need to have a minimum of 1,000 subscribers or followers on Facebook, Twitter, YouTube, Instagram, or Vine. These brands also are some of the top brands in the world, including: Fiji Water, GameFly, Marvel, and much more.
FameBit acts as the "middle man" between social influencers and top brands. In essence, FameBit finds the people, hires them, and brands come to FameBit for their services. Once FameBit connects a brand to one its people, then FameBit takes a step back and lets the brand and social influencer collaborate. FameBit also collects a 20% commission on each video produced for that company. The social influencer gets paid the rest of the 80% paid by the company. Social influencers can expect to make $2,000-30,000 a month off of FameBit. One aspect of FameBit that strikes me as interesting is that the videos created don't have to be positive reviews - just honest reviews. Also, the person creating the video doesn't even have to like the product. This goes to show that the media produced is incentivized and companies are taking a paid media approach. Companies take advantage of the large social communities of these social influencers to market its products. Social influencers can do this in the form of unboxing reviews, product tests, giveaways, sweepstakes, and other interactive media techniques. Companies appreciate the social feedback and reviews in order to continuously improve its products. I know if I had the resources, I would use this service as a social influencer.
Follow more about this topic with this link: http://www.usatoday.com/story/tech/2015/12/05/like-post-videos-and-photos-social-media-famebit-can-make-you-money/76838794/
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