How Much Does Social Media Advertising Cost in 2023?

With almost 50% of the world using social media, it’s not surprising that social media advertising budgets will double in the next five years. How much does social media advertising cost in 2023, though?

Social media advertising costs in 2023

How much does social media advertising cost?

That answer depends on the social media network, which is why this guide looks at social media advertising costs by platform, as well as bid type.

The video below will outline the average costs of social media marketing, so take a few minutes to check it out before you continue reading.

This guide features a helpful breakdown of bid types, like cost-per-click (CPC), to give your business the information it needs to build an accurate ad budget.

If you’re looking for professional help with your social media advertising campaign, our award-winning team of more than 500 digital marketing specialists can help. With our custom strategies, as well as advanced artificial intelligence (AI) software, we can maximize the results of your ad campaign.

Tell us about your business by contacting us online or calling us at 888-601-5359!

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WebFX social media advertising prices

Want to work with one of the best social media advertising agencies? Check out our prices!

FeaturesProEnterprise
Included Networks
Number of networks includedPick up to 2Pick up to 3
Facebook Advertising Campaigns
Instagram Advertising Campaigns
LinkedIn Advertising Campaigns
Twitter Advertising Campaigns
TikTok Advertising CampaignsAvailable with Ongoing FuelFX AssetsAvailable with Ongoing FuelFX Assets
Pinterest Advertising CampaignsAvailable with Ongoing FuelFX Assets
AdTechFX Programmatic Campaigns
Management Deliverables
Dedicated Social Media advertising account manager
500+ SMEs behind campaign driving results
Initial campaign strategy development
Number of advertising campaignsUp to 8Up to 10
Audience analysis
Ad campaign copywriting
Ad copy and design performance testing
Ongoing campaign testing and optimization
Dynamic ad format testing
Consultations per monthUp to 2Up to 4
International campaign management (networks dependent on international policy – addtl. fees may apply)Upon request
All social assets managed through client-owned accounts
Monitoring clicks, conversions and fraud activity
Monitoring of social ad commentsAdd $300/monthAdd $600/month
Social Platform Targeting Capabilities (Specifics Vary By Platform)
– Interests
– Demographics
– Professional Characteristics
– Custom Audiences
– Lookalike Audiences
AdTechFX Programmatic Targeting Capabilities
– 3rd Party Audience Targeting
– Account-Based Retargeting
– CRM Pipeline Retargeting
Social Platform Creative Deliverables
Social Ad Creatives – Copywriting & DesignUp to 2 setsUp to 4 sets
AdTechFX Programmatic Creative Deliverables
Display Ad Creatives (One Time)One Time: Up to 2 sets of rapid display creatives – 16 ads total (8 per set)One Time: Up to 3 Sets of Custom Layout Display Ads – 24 Ads Total (8 images per set)
Connected TV Commercial Ads (One Time)One Time: 1 15-second rapid ConnectedTV adOne Time: 1 Set of Rapid CTV Ads 15 + 30 Seconds (2 videos total)
Ongoing AdTechFX Programmatic Advertising CreativeAdd 1 FuelFX AssetAdd 1 FuelFX Asset
Audio CommercialComing SoonComing Soon
FunnelsFX Landing Pages
Setup of 1 FunnelsFX Landing Page template (One Time)
Performance Reporting
Monthly performance & analysis reporting
Website conversion analysis reporting
IntegrationsFX: Conversion Based Smart BiddingIncluded with MarketingCloudFX LicenseIncluded with MarketingCloudFX License
IntegrationsFX: Automated Lookalike + Custom AudiencesIncluded with MarketingCloudFX LicenseIncluded with MarketingCloudFX License
Initial Campaign Investment (Month 1)$1,975 $4,250
Ongoing Monthly Campaign Investment (Months 2+)$975 or 15% of ad spend, whichever is greater$2,250 or 12% of ad spend, whichever is greater + $250 AdTechFX Platform Fee
Required Ad Spend Range$1,000 – $15,000$15,000+