Want to advertise on Snapchat? Here’s a breakdown of Snapchat advertising costs at each level of their ad platform.
Last updated: January 19, 2016.
image via wersm
Snapchat Discover ads are the most expensive offering. Right now, Snapchat discover ads start at $50,000. Snapchat Discover ads get premium placement (at the very top of the app), and are usually reserved for publishers or big brands. And that $50,000 number? That’s a daily rate. Snapchat recently said that Cosmo, one of its leading publishers, gets several million views per day on it’s Snapchat Discover feed. At the top of the image below is where Snapchat Discover ads are featured.
image via LA Times
Snapchat Discover ads used to start at $750,000 for one day, but a couple months ago Snapchat dropped those rates dramatically. To get the current $50,000 rate, you can do what is known as a “takeover” of a Snapchat Discover publisher channel. Getting inside of a “Live Story”, which are also featured in the Discover section, can cost around $250,000.
Snapchat Sponsored Lenses are on the next tier of pricing for ads on the platform. The cost for Sponsored Lenses varies depending on the day of the week, holiday, trends, etc. A general rule of thumb for Snapchat Sponsored Lenses costs is this: $450,000 per day Sunday through Thursday, $500,000 for Fridays and Saturdays, and $700,000 plus for holidays or special events (like the Super Bowl).
As has been reported many times, the Taco Bell Snapchat Sponsored Lens received over 224 million views. Also, Snapchatters tend to play with Sponsored Lenses for an average of 20 seconds. Think about that last sentence for a second. People on Snapchat “play” with ads. On most other platforms, people hate ads. On Snapchat, users play with them. So, on a bang for your buck level, Sponsored Lenses are cheaper than Discover ads.
Nationwide Sponsored Geofilter
Nationwide Sponsored Geofilters are a new offering from Snapchat. McDonald’s did the first one about a month ago. It is currently unknown exactly how much this ad offering costs, but our estimates peg the number at about a fifth of the cost of Sponsored Lenses.
image via JasonCohenCreative
VANS recently ran a campaign that included a nationwide sponsored geofilter. You can read more about that case study here. The campaign had over 98 million views.
Snap Ads is another new offering from Snapchat. These are mobile video ads. You can also add the choice of an interactive element to the ads. The swipe-up rate for Snap Ads is 5X higher than the average click-through rate for other comparable social platforms. Here’s an example of a recent Snap Ad campaign from Gatorade:
That Gatorade Snap Ads campaign was actually a mini game within Snapchat. When the user swiped up, they were able to play an 8-bit version of a tennis game that celebrated Serena Williams’ 23rd Grand Slam victory. The average time spent in this ad was over 3 minutes (sidenote: that is an AMAZINGLY high level of engagement for an ad), and it was viewed almost 30 million times. Read more about that campaign here.
The cost for Snap Ads varies by campaign. The exact cost is still unknown, but the barrier to entry is much, much lower than the previously mentioned offerings. Our estimates peg the entry cost at about $1,000. Bare Minerals recently ran a Snap Ads campaign, read about that here.
Update in January 2017: Snapchat launched new ads allowing you to deeplink, which means you can send users from Snapchat to somewhere outside the app (i.e. you can drive users to download an app, go to a website, etc.). This is an extremely valuable new feature. This is crucial timing as Instagram Stories just launched ads within Stories a few days ago as well.
Snap to Unlock Filters
“Snap to Unlock” filters are one of Snapchat’s newest ad offerings. Recently, Kendall Jenner partnered with Garage Magazine to create a Snap to Unlock filter. There was a code in a Garage Magazine issue that, when snapped, would unlock a special filter. See the image below of it in action. The image below is being seen in subway stations in New York and DC, and in parts of Los Angeles. It’s a new “Snap to Unlock”
Snap to Unlock Codes
“Snap to Unlock” ads are the latest in Snapchat’s ad offering. The image below is being seen in subway stations in New York and DC, and in parts of Los Angeles. It’s a new “Snap to Unlock” ad promoting ‘The Girl On The Train’ movie. The cost structure for this ad is still unknown, but it’s believed to have the second lowest entry point, just after local geofilters.
Sponsored Local Geofilters
Sponsored Local Geofilters are the cheapest of all Snapchat ad offerings. The cost for Local Geofilters can be as little as $5. Snapchat just inked a deal with Foursquare for their geofilters. Now, with Foursquare-powered data, the geofilters will be more accurate, and therefore more effective. (Learn more about how to use geofilters in our post about “Snaphacking“). The ROI on geofilters can be quite high. We ran a campaign the other day that got over 23,000 views and the cost was under $7.
IMPORTANT NOTE: For special events, Snapchat sometimes will raise the cost for geofilters. We’ve seen this number to be as high as $20,000 for a one block by one block area for one hour. Read this piece for more details.
Snapchat Influencer Partnerships
This is not an official form of Snapchat Advertising through the company, but it’s a very effective ad format. Working with influencers to have them create content on your Snapchat account through a “Snapchat Takeover” works very well. You can also sponsor the snaps of influencers by way of product placements. Or you can get more blatant and hire an influencer for a series of Snapchat pictures and videos, promoting your brand. If you can get the right influencer with a targeted demographic following that matches that of your brand, it can be a great campaign. We’ve seen/done countless examples of this. If this is something you’re interested in, it’s one of our specialties :).
Note on 7/24/16: Just last week it was discovered that Snapchat filed a patent to serve a new type of ads. This new system of advertising uses “object recognition” to serve users sponsored filters. Learn more about this new patent in our official post covering the development, Snapchat Files New Patent to Serve Ads Based on Objects in Your Snaps.
Need to be convinced on what advertising on Snapchat is crucial? Read this. Have any questions or want to get started on a Snapchat campaign? Contact us today! And go here if you want custom Snapchat geofilters!