Influencer marketing is becoming an increasingly important aspect of a marketing strategy. For those who find themselves confused when it comes to using influencer marketing for a business, this link will take them to the benefits and why they should be using influencer marketing as part of their strategy.
Most marketers would agree that the line between humiliating failure and roaring success is very, very thin, which is why grabbing attention, and the right kind of attention is so very important. This is where influencer marketing comes in. It’s safe to say that using influencer marketing is vital for the success of any business. The following are some of the reasons why business owners should be using influencer marketing as a part of their marketing strategy.
Create a Cost-Effective Campaign
First off, an influencer marketing campaign is really flexible. In other words, the initial investment could be considered as quite small, and the program could be immediately scaled up when needed. While the key to launching a successful new product is to promote it well, when a marketer reaches out to both impact and volume influencers, it greatly increases the amount of visibility and the reach of their message to a wider audience. This is possible because influencers are usually familiar with your brand, they are also more inclined to try out a new product whenever you offer one, and share their opinions on their experience.
It is important to remember that consumers rely on the feedback and opinions of those who they know, so identifying who your key influencers are is the best way forward for success. Remember, one should never doubt the power of personal recommendations and word of mouth.
Consumers can no longer be wooed by a purely ad-driven campaign. Consumers choose brands based on styles which mesh with their friends, idols and yes, influencers. In fact, a recommendation from an influencer is the primary factor behind almost 50% of all buying decisions. That’s a lot of trust you simply can’t afford to waste.
Like it or not, a marketer needs to be at the top of their game if they want any success in getting their brand noticed by Google. This is where blogger outreach works its magic. For instance, if a company engages with bloggers, the bloggers in turn, engage with the brand in a mutually beneficial relationship, which attracts more consumers towards your product or service. This is why devoting your precious time to blogger outreach actually pays off in the end.
Builds Loyalty Fast
Entrepreneurs who are new to a business have to face the fact that they don’t have the years of customer relationship, which would lead to customer loyalty. Instead, they have to rely of faster ways of building their brand’s image. This is where the longstanding relationship that the influencer has with their audience comes into play. The implicit credibility that an influencer gives a brand is what makes the “likes” “shares” and comments happen.
Social media influencers with massive followings can completely transform a brand, while building its identity. It is not unheard of for an influencer’s post on a particular product to go viral, impacting the sales in a way the owner of the business simply never could. It is also true that offers shared by trusted advocates sell 4 to 6 times more than offers that are emailed by the business themselves.
Get Access to Targeted Advertising
While the traditional ways of reaching a larger audience can be expensive and in most cases, inefficient, by using influencer marketing, a business owner gets to create a highly targeted marketing campaign by zeroing in on specific variables. For instance, age demographic and physical locations. If you want to target a particular market demographic, finding an influencer who already has an authority in that particular demographic can work wonders for your marketing campaign, especially if you’re on a budget. For example, with around 150 million users “liking” 1.2 billion posts on Instagram on a daily basis, it’s not hard to see how quickly a brand could create a buzz with the help of influencer marketing.
ROI (Return on Investment)
By far, the best thing about using influencer marketing is that your return on investment is quantifiable, which means you know exactly what worked, and how much it costs in your marketing campaign. This, in turn, makes it easier to appraise a campaign in the end.
One of the important indicators in an influencer campaign is “Follower Acquisition.” The follower here is the potential customer who you can be targeted, at no additional cost of your own. A potential customer is more likely to become one who purchases later on, which is why it is so important to find out exactly who those potential customers are. Promo codes and hashtags can be used to track sales and click-through rates, which makes them valuable indicators for measuring a marketing campaigns ROI.
Offer Premium Content
It is no secret that content creation takes a good amount of labor and resources, which is the reason why owners of SME’s usually find it best to outsource. Your influencers can be used as major content creators. If you’re contemplating a marketing campaign, try out influencer marketing to get some premium content on your product or service.
Once you know who to find the key influencers, make sure that you build a strong business relationship with them. Remember, personal recommendations have the highest impact on a consumer’s purchase decision which is why influencers should be right on top of your marketing list. According to a report, almost 74% of global marketers plan to use influencer marketing as part of their marketing strategy, so you’d be crazy not to.