What is influencer marketing?
Influencer marketing is fundamentally a form of social media marketing that uses product endorsements from individuals with a large social following who are considered experts in their field. Influencer marketing is effective because social influencers are trusted by their followers. They can also provide social proof for your brand by recommending it to their followers.
Define who you are trying to influence
A successful influencer engagement strategy will speak to your target audience. Identifying your target audience (TA) for this specific social media campaign depends on what you’re marketing and what services or products you’re promoting. Most brands use influencer marketing to reach out to new customers, but it can be used to engage existing clients with engaging and new content.
One way to ensure your content reaches the right audience is by creating audience personas. You will then be able to work with influencers with the traits you need to bring your strategy to fruition. It will be easy to create a strategy that matches influencer personas. To learn more click here!
Choose the right influencers
Some influencers align with your brand — you have to find them. Discover the categories that influencers are interested in. When the term “influencer” comes up, celebrities are often the first to come to mind. However, there are other choices for finding the right influencers.
Celebs or “web”rities (more than 1 million followers). Many types of celebrities exist, such as actors, musicians, and artists. Celebrities who became famous online are known as “websites.”.
Macro-influencers (10k-1m followers). These individuals have built their following on social media. Some are local celebrities whose fame has grown, while others could be experts in a particular social media category.
Micro-influencers (<10k followers). Micro-influencers have an average engagement rate of 3.86 percent, while their counterparts in the “web” rites only achieve 1.21 percent.
Nano-influencers. They are loyal customers who love your brand and will promote your products even if you don’t pay them to do so.
A great influencer strategy relies on curating an array of influencers that create authentic content to reach and inspire your audience. Influencers can be bloggers, experts in the industry, thought leaders, clients, or other brands that are not competitors. You should choose influencers who are aligned with your brand goals and needs. Otherwise, you may save money.
Key performance indicators (KPIs).
After successfully recruiting influencers to promote your brand, you must establish KPIs that translate into tangible business results. Influencer marketing can be powerful for generating results when managed and tracked correctly.
Tracking the success of your campaign
As the old saying goes, “We value what we measure.” All influencer marketers must track actionable data. You should find a platform that allows you to pay influencers and your partners according to the KPIs that you have set. Refrain from relying on chaotic spreadsheets. To support your strategy, use an end-to-end solution to track engagement, customer journey insights, and revenue.
Continue to scale up and optimize your influencer program
Stay flexible, and only place some of your eggs into one basket. As you track and evaluate your success, diversify your influencer partner portfolio. You should always be on the lookout for new talent, from the nano-influencers to the celebrities. Some niches may perform exceptionally well, while others may not be as effective as you would like.