Meme accounts (AKA meme feeds) have been appearing on social networks, especially Instagram. Meme accounts are also becoming attractive for brands and publishers who are seeking a better ROI compared to “influencers” who aren’t getting the results they once did.
You know memes, right? They are things, often witty or humorous, like an image, video, small piece of text that is copied (often with slight variations) and spreads rapidly by social media users.
A brand is probably no better at creating a meme than any of us are at creating a viral video. It just happens.
But with a meme, the wit comes more naturally when crowdsourced. Meme accounts are people who aggregate a meme.
Of course, social media sites also aggregate memes. Twitter has trending hashtags, such as #BlackGirlsRock or a brand meme like Subway’s #SubTheBurger campaign.
And a meme account saves money. “For 1 million followers, you could be paying $15,000 to a human influencer, and for 1 million followers on a meme account you’d be paying about $1,000,” said Tim Armoo, CEO of influencer platform Fanbytes.
Of course, what we still want is engagement. The engagement rate is calculated as LIKES + COMMENTS divided by the number of followers. 1000 likes + 100 comments divided by 250 followers would give you a nice engagement rate of 4.4%.
Some numbers found online say that the engagement rate is 3.5 percent for the cool meme accounts and that is equal to mainstream influencers doing the same kind of posting. Brand-sponsored meme posts only have an engagement rate of 1.7 percent.
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