{"id":23923,"date":"2019-06-18T03:42:43","date_gmt":"2019-06-18T03:42:43","guid":{"rendered":"https:\/\/www.techwebspace.com\/?p=23923"},"modified":"2019-06-18T03:42:43","modified_gmt":"2019-06-18T03:42:43","slug":"5-things-you-should-know-about-influencer-marketing","status":"publish","type":"post","link":"https:\/\/www.techwebspace.com\/5-things-you-should-know-about-influencer-marketing\/","title":{"rendered":"5 Things You Should Know About Influencer Marketing"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a recent <\/span><a href=\"https:\/\/influencermarketinghub.com\/the-rise-of-influencer-marketing\/\"><span style=\"font-weight: 400;\">survey<\/span><\/a><span style=\"font-weight: 400;\">, 28% of marketing managers picked influencer marketing as the \u201cfastest-growing online customer-acquisition method\u201d. While influencer marketing has been around for quite some time, it has come into its own and grown exponentially in recent years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From this article, you will find out:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is influencer marketing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are some important influencer marketing stats <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are influencer marketing platforms<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How do you use influencer marketing tools <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Which brands had the best influencer marketing campaigns<\/span><\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">What is influencer marketing?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Influencer marketing is a way in which brands reach out to customers indirectly. They use well-known figures who have influence over their target audience to reach them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A \u201cwell-known\u201d figure isn\u2019t necessarily a famous celebrity. That\u2019s what makes influencer marketing different from celebrity-endorsed brand campaigns. An influencer is simply someone who has a strong influence over a number of people. This ranges from high-profile celebrity influencers like Justin Bieber to micro influencers who have a small but loyal following.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-19466\" src=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/02\/Digital-Marketing-SEO.jpg\" alt=\"SEO marketing\" width=\"850\" height=\"612\" srcset=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/02\/Digital-Marketing-SEO.jpg 850w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/02\/Digital-Marketing-SEO-300x216.jpg 300w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/02\/Digital-Marketing-SEO-768x553.jpg 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s estimated that millennials will have the purchasing power of about <\/span><a href=\"http:\/\/www.businessofapps.com\/guide\/influencer-marketing-platforms\/\"><span style=\"font-weight: 400;\">$1.4 trillion<\/span><\/a><span style=\"font-weight: 400;\"> by 2020. However, both millennials and Gen Z are notoriously hard to reach through traditional advertising. They\u2019re known to consume most of their content through online channels like Instagram, Snapchat, Twitter, and Youtube. Their purchase decisions are also highly influenced by people they trust on these online networks. And that\u2019s why influencer marketing has emerged as such an important phenomenon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Examples of influencers include fashion blogger <\/span><a href=\"https:\/\/www.instagram.com\/maffashion_official\/?hl=en\"><span style=\"font-weight: 400;\">Maffashion<\/span><\/a><span style=\"font-weight: 400;\">, fitness star <\/span><a href=\"https:\/\/www.instagram.com\/michelle_lewin\/?hl=en\"><span style=\"font-weight: 400;\">Michelle Lewin<\/span><\/a><span style=\"font-weight: 400;\">, and even <\/span><a href=\"https:\/\/www.instagram.com\/toastmeetsworld\/\"><span style=\"font-weight: 400;\">Toast<\/span><\/a><span style=\"font-weight: 400;\">, the popular dog. Influencers spend time building a connection with their audience through different online platforms. If an influencer\u2019s target audience matches the customer persona of a particular brand, they\u2019re a good fit for each other.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Some important influencer marketing stats<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here are some interesting stats which go to show why many marketers have started banking on influencer marketing:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Influencer marketing content delivers 11X higher ROI (Return on Investment) than traditional forms of digital marketing. On average, businesses generate $6.50 for every $1 they invest in influencer marketing.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">40% of people in a survey said they have purchased an item online after seeing it used by an influencer.<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.adweek.com\/digital\/report-75-of-marketers-are-using-influencer-marketing\/\"><span style=\"font-weight: 400;\">75% of marketers<\/span><\/a><span style=\"font-weight: 400;\"> say they have allocated money towards influencer marketing.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">What are influencer marketing platforms<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A challenge for brands is to find the right influencers, especially since they can be so fragmented. Influencers also need to find brands that they resonate with and which they can endorse without losing their authenticity. Influencer marketing platforms enable influencers and brands to connect with each other.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While some platforms focus on just one channel (Snapchat, Instagram, Youtube, etc), most platforms work across multiple channels. Similarly, some specialize in particular niches like travel, beauty, and fitness, while others take a more holistic approach.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-9438\" src=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/05\/colorful-marketing-plan.jpg\" alt=\"Innovative Marketing Strategies\" width=\"847\" height=\"565\" srcset=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/05\/colorful-marketing-plan.jpg 847w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/05\/colorful-marketing-plan-300x200.jpg 300w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/05\/colorful-marketing-plan-768x512.jpg 768w\" sizes=\"(max-width: 847px) 100vw, 847px\" \/><\/p>\n<h3><span style=\"font-weight: 400;\">Influencer marketing platforms perform the following services:<\/span><\/h3>\n<p><b>#1 Discover influencers<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Brands can search for influencers by platform, by influencer demographic info, by follower count, by influencer audience demographic info, and so on.<\/span><\/p>\n<p><b>#2 Connection and contract management<\/b><\/p>\n<p><span style=\"font-weight: 400;\">They connect brands and influencers to each other and even enable negotiation of payment, signing of contracts, and managing compliances.<\/span><\/p>\n<p><b>#3 Payment processing<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The platform enables payment from the brand to the influencer via an escrow facility.<\/span><\/p>\n<p><b>#4 Analytics and reporting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">These platforms have different kinds of analytics, from views &amp; reach to URL tracking. It helps brands and influencers understand the efficacy of their campaign in real-time.<\/span><\/p>\n<p><b>#5 Managing campaign content<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The platforms help manage campaign content for multiple brands and influencers simultaneously. This includes hashtags, @mentions, deadlines, giveaway details, and other ad campaign features.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Popular influencer marketing platforms include Upfluence, HYPR, Traackr, Webfluential, and NeoReach.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-20727\" src=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/03\/content-marketing-cowork.jpg\" alt=\"Online Reputation\" width=\"939\" height=\"667\" srcset=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/03\/content-marketing-cowork.jpg 939w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/03\/content-marketing-cowork-300x213.jpg 300w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2019\/03\/content-marketing-cowork-768x546.jpg 768w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Influencer marketing tools and how to use them<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Influencer marketing tools help brands to indirectly identify which influencers have the right traction on different channels. Here are some examples of the top influencer marketing tools and how brands use them to identify the right influencers.<\/span><\/p>\n<p><b>FollowerWonk<\/b><\/p>\n<p><a href=\"https:\/\/followerwonk.com\/\"><span style=\"font-weight: 400;\">FollowerWonk<\/span><\/a><span style=\"font-weight: 400;\"> is a great tool to find the right influencers on Twitter. It allows you to find profiles based on keywords in people\u2019s bios. It then sorts those profiles based on the number of followers and engagement. It also helps brands identify those influencers who follow their competitors but don\u2019t follow them.<\/span><\/p>\n<p><b>BuzzSumo<\/b><\/p>\n<p><a href=\"https:\/\/buzzsumo.com\/\"><span style=\"font-weight: 400;\">BuzzSumo<\/span><\/a><span style=\"font-weight: 400;\"> is a tool which combines content sharing analytics with influencer search. You can use BuzzSumo to see what kind of content is being shared for the topics related to your brand. You can then identify who is sharing the content as well as search for influencers using keywords. This helps you understand what content is working and who can help you reach an audience with similar content.<\/span><\/p>\n<p><b>PeerIndex<\/b><\/p>\n<p><a href=\"https:\/\/www.brandwatch.com\/p\/peerindex-and-brandwatch\/\"><span style=\"font-weight: 400;\">PeerIndex<\/span><\/a><span style=\"font-weight: 400;\"> is a unique influencer marketing tool. It believes that an influencer needs to be identified not just by the number of shares and likes but by their domain authority. They measure influence based on an influencer\u2019s expertise in a particular niche. This allows brands to identify the right influencers in a number of niches.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-13489\" src=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/09\/Digital-Marketing-Mistakes.jpg\" alt=\"Digital Marketing Mistakes\" width=\"814\" height=\"542\" srcset=\"https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/09\/Digital-Marketing-Mistakes.jpg 814w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/09\/Digital-Marketing-Mistakes-300x200.jpg 300w, https:\/\/www.techwebspace.com\/wp-content\/uploads\/2018\/09\/Digital-Marketing-Mistakes-768x511.jpg 768w\" sizes=\"(max-width: 814px) 100vw, 814px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">The best influencer marketing campaigns<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At the end of the day, influencer marketing\u2019s efficacy can be proven only by successful influencer marketing campaigns. A successful <\/span><a href=\"https:\/\/www.cyberius.com\/marketing-digital-trends-2018\/\"><span style=\"font-weight: 400;\">influencer marketing<\/span><\/a><span style=\"font-weight: 400;\"> campaign isn\u2019t just about the engagement and reach. It\u2019s also about how this leads to conversation and conversions. Here\u2019s a couple of extremely successful influencer marketing campaigns in recent times.<\/span><\/p>\n<p><b>Fiji Water<\/b><\/p>\n<p><a href=\"https:\/\/www.instagram.com\/fijiwater\/?hl=en\"><span style=\"font-weight: 400;\">Fiji Water<\/span><\/a><span style=\"font-weight: 400;\"> was looking to rebrand itself. It decided to position itself as essential to staying hydrated and for a healthy body. Influencer marketing was a great way to go about this repositioning. Fiji Water collaborated with Instagram influencer <\/span><a href=\"https:\/\/www.instagram.com\/weworewhat\/?hl=en\"><span style=\"font-weight: 400;\">Danielle Bernstein<\/span><\/a><span style=\"font-weight: 400;\">. The campaign featured Danielle in 8-minute workout videos with trainer Eric Johnson. The campaign had a subtle brand integration and was about why staying hydrated is a key element in fitness.<\/span><\/p>\n<p><b>Youfoodz<\/b><\/p>\n<p><a href=\"https:\/\/www.instagram.com\/youfoodz\/?hl=en\"><span style=\"font-weight: 400;\">Youfoodz<\/span><\/a><span style=\"font-weight: 400;\"> is an Australian fresh meal company. They went all guns blazing with an influencer marketing campaign to launch their winter menu. They didn\u2019t go for big celebrities but picked strong influencers in the food, health, and fitness niches. They had as many as 81 influencers who created 167 pieces of content and posted 169 stories. Their strategy of going for niche influencers paid off and they had close to 70,000 direct engagements and 507,909 total impressions from the campaign content.<\/span><\/p>\n<p><b>Coca-Cola campaign<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Coca-cola used 14 Instagram influencers (6 were macro influencers and 8 were micro-influencers). These influencers created 22 posts that highlighted the signature Coca-Cola drink. Celebrities ranging from singer Selena Gomez to fashion blogger Maffashion participated in the campaign. Coca-cola has a similar campaign with influencers every year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There\u2019s a reason influencer marketing has grown so phenomenally in the past few years. From established brands looking to make a splash online to young companies looking for a breakthrough, influencer marketing works for everyone. However, a successful influencer marketing campaign also requires an in-depth understanding of which influencers are in your niche. Moreover, as influencer marketing becomes more mainstream and competitive, staying on top of it needs the latest tools and strategies, like those mentioned above. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent survey, 28% of marketing managers picked influencer marketing as the \u201cfastest-growing online customer-acquisition method\u201d. While influencer marketing has been around for quite some time, it has come into its own and grown exponentially in recent years. From this article,&#8230;<\/p>\n","protected":false},"author":4126,"featured_media":20099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1798,2357,13],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Things You Should Know About Influencer Marketing | Tech Web Space<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techwebspace.com\/5-things-you-should-know-about-influencer-marketing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Things You Should Know About Influencer Marketing | Tech Web Space\" \/>\n<meta property=\"og:description\" content=\"In a recent survey, 28% of marketing managers picked influencer marketing as the \u201cfastest-growing online customer-acquisition method\u201d. 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While influencer marketing has been around for quite some time, it has come into its own and grown exponentially in recent years. 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