#AD: How to Navigate Influencer Marketing
Marketing and advertising are generally inseparable. Traditional advertising, however, has become saturated and increasingly less effective. This is bad news for the marketing industry. Marketers are now having to find more innovative means to get positive engagement with their products and to effectively build their brand.
The rise of bloggers, vloggers and the immense influence social media mean that new opportunities are arising. Today, non-celebrities and bloggers are gaining vast and loyal online followings- something marketing companies are taking a great interest in.
Our daily social media activity is constant, we now have more contact with influential online figures than we are with say, a television advert or something on the radio. The instantaneous nature of the internet also means consumers have become much more savvy and aware of deliberate advertisements. The information heavy era that we live in means we have adapted, become much more selective with what information we choose or choose not to listen to. So, what are marketing companies doing about this?
However, with influencers and celebrities being warned that they ‘must ‘clearly state when they’ve been in a paid partnership with a brand, marketers are becoming wary of the negative side of influencer marketing. Here’s our spin on the cult of influencer marketing and how to do it right.
The rise of Influencer Marketing
Definition: Influencer marketing is a form of marketing in which focus is placed on influential people rather than the target market as a whole.
As a digital content agency, we have noticed that more and more brands are seeking online influences as a means of endorsing a product. Previously advertising has generally focused on a target audience, but influencer marketing homes in on an influential figure with a strong online presence.
A new parent needing a pram. Often the parent is drowned by information, advertisement, and the classic predicament; too much choice. Enter the influencer, which in this case would likely be a member of the rising cult of the ‘Instagram Mum’. These women have clambered up Instagram ladder of fame through their honest blogging about parenthood. Their following are loyal, and their online presence is strong. So, if these women were to start using a specific brand of pram, give a short description, or maybe they’re using that pram for their own children- new parents or anyone in the market for a pram will be heavily swayed to purchase said pram.
According to recent survey; 63% of markets surveyed had increased their budgets for influencer marketing in 2017. Marketing is fluid and trends come and go rapidly, so its understandable why marketers are investing in these influential figures as opposed to throwing money at traditional advertisement.
Choosing the right influencer for your company?
1. Budget doesn’t mean success. Throwing money at an influencer and hoping your product will sell is not the key. Research your audience whether it’s through similar hashtags or similar following and find the right individual. Quality over quantity here is the key.
2. Create a good relationship between the influencer and yourself. Your influencer has to believe in your brand, it will be forced and obvious if they don’t. Read their blogs, watch their vlogs, follow them. Show interest in what they’re doing and why their doing it, think about why they would want to endorse your product.
3. Be aware of the limitations: Influencer marketing isn’t as controllable as traditional marketing. The positives can seriously be overweighed by the negatives, as you are putting a lot of trust into one individual. If the person loses their reputation for whatever reason, they’re intrinsically linked to your brand, which can be damaging. Again, pushing the importance of doing the research, finding the right person can seriously help in avoid choosing the wrong influencer.
Celebrities vs. Online Figures
Influencer marketing doesn’t necessarily mean paying celebrities to become brand ambassadors. In fact, companies often favour the non-celebrity. The ideals of coercion and persuasion are becoming more difficult as the consumer becomes more clued up on what marketers are trying to sell them.
There is huge difference between engagement and reach. Often celebrities have significant reach but lack engagement. An Instagram story of Harry Styles talking about the latest model of Bugaboo pram may have enormous reach- seen by hundreds of thousands, but consumers struggle to engage with a celebrity that clearly doesn’t believe in the product itself. Even when the product does coincide with the celebrity’s followers and target audience, maybe Harry Styles and a designer watch, there is so much celebrity endorsement online these days that the consumers are becoming immune to celebrity influence through social media. Reality TV stars have water-logged this type of marketing. An almost unbearable amount of advertising on one Instagram page means that a consumer loses trust in the individual and thus, in any brand advertised.
Non-celebrity influences on the other hand have engaged followers, who genuinely feel they can connect with the individual on a peer to peer level contrasting to influencer and consumer. These individuals have more time to reply to comments and to create real bonds with their followers, which earns them much sought after trust. Again, trust in the individual means trust in the product.
From Jack-All Productions