Influencer Marketing: 10 Strategies for Getting It Right
Consumers trust recommendations from people they know above all else. This usually means friends, family, and colleagues. However the growth of platforms like YouTube and Instagram has led to a massive wave of new influencers in all manner of niche industries, many of whom boast huge followings. Their recommendations are dictating what lots of us wear, buy, and do. They influence where we travel and how we get there. The music we listen to. Even the food we do, and don’t, eat. Their influence over the behavior of consumers is immeasurable, but immense. Take, for example, “yogi enthusiast” Adriene Mishler whose YouTube channel “Yoga with Adriene” boasts just short of a million followers, and whose videos regularly top a million views. Or AsapSCIENCE whose fun, lively, and unique approach to science has seen them amass more than four million YouTube subscribers in just over four years. The fact is that while most of us do still value the opinion of those closest to us (in a list of “most trustworthy sources of information” a UK survey placed bloggers third, after family and friends, respectively), influencer marketing is a very, very powerful tool. However, getting started with influencer marketing – and, more importantly, getting it right – is easier than said than done. You might think that picking a handful of influencers and sending your products will get the job done, but I’m sorry to tell you: it’s not that easy. As with all forms of marketing, getting the most out of influencer marketing means planning, strategizing, monitoring, and measuring. Stick with me while I take you through 10 strategies for getting influencer marketing right.
Set GoalsMarketing only really works if you set out clear long and short-term goals and objectives. Influencer marketing is no exception. You have to understand what you want to achieve – I can’t stress that enough. Before setting your goals, it’s imperative that you understand your target audience, your message, and the action (or actions) you want your audience to take. Ask yourself:
- What is our brand’s message?
- Who are we trying to reach?
- What do we want our audience to do as a result of the campaign?
Be RelevantIt goes without saying that you should only contact influencers about opportunities that are relevant to both your audiences. However, according to Marketo, 50% of influencers reported that the majority of failed opportunities resulted from an irrelevant pitch. Clearly, a lot of us are still getting this wrong…. Remember that a great deal of an influencer’s reputation is staked upon them being picky about the products they test and recommend. If they start talking about items that aren’t a good fit for their audience, they risk alienating their audience and potentially, driving some of them away. For this reason, it’s understandable that they would be ruthless about which brands they choose to work with and which products they decide to promote. If something doesn’t fit, they’ll just say no – and you should respect that. That said, publicity from an influencer that doesn’t align with your brand is unlikely to benefit you in any significant way, either. Chances are, you’ll be able to find an “influencer” who’ll say “yes” – usually because they’re in it for the money or a freebie – even if the fit isn’t quite right. This is the easy way out – don’t take it. Influencer marketing only works if the relationship is mutually beneficial. Don’t just start reaching out to everyone who has a blog. It’s okay – even encouraged – to be picky. Key Takeaway: Before pitching an influencer, take the time to learn about their audience and to become properly acquainted with their work. Only pitch those that closely match your product, brand, and goals.
Be RealisticInfluencers are not born equals. Pretty much everyone in digital would love Rand Fishkin, Wil Reynolds, or Danny Sullivan to talk about them, but for most of us, that’s just not realistic. People like Rand, Wil and Danny are more than influencers – they’re celebrities. Are they going to get an Oscar invite? Probably not. But influence in digital doesn’t get much bigger than these guys. Unless you’re already relatively well-known and respected yourself, trying to engage influencers of this caliber in your marketing is likely to lead to one of two things…
- Being ignored, or
- A very big bill.
Value Engagement Over FollowersFollowers aren’t exactly a bad metric. You wouldn’t want to work with an “influencer” that had 100 or so followers across the social channels they’re active on, for obvious reasons. However, that doesn’t mean “number of followers” is the only, or for that matter, the most important metric you should be looking at. By all means, begin your research by identifying influencers that boast an impressive number of followers. But next, take a look at how engaged those followers are. Why? Because it’s easy to fake a following. First of all, followers can be bought. For very little money. This page links to sites where 1,000 Twitter followers can be bought for between $12 and $19. What’s more, it’s relatively easy to build a large following, simply by following lots of people yourself. The real measure of how influential someone is, is how engaged their following is. On YouTube, look not only at how many subscribers someone has, but how many people are viewing their videos. On Twitter, look at the ratio of following to followers. A 1:1 ratio (or thereabouts) signals that their following has been gained largely by following others. Beyond that, look at the number of likes and retweets the “influencer” has, and how many actual conversations they’re engaged with on the platform. On Instagram, take a look at the number of likes and comments someone’s images tend to attract. Key Takeaway: Don’t be fooled by big numbers. Begin your search for influencers by finding people who are relevant to your brand and boast a big following, but next, narrow down your list in accordance with those that have the most engaged following.
Build a Relationship FirstIt’s very rarely advisable to build a list of influencers you’d like to work with and just start emailing them. Most of the time, you’ll get far better results if you take steps to get onto each influencer’s radar – to show them that you care about their brand and business objectives, as well as your own. This advice remains true, whatever you’ve got to offer. Seriously. You could be providing influencers with free yachts and you will still get better results if you take the time to build a relationship with them first. Why? Because if an influencer likes you, as well as what you’re offering them, they will work harder for you. “Girl Lost in the City” aka journalist and blogger Emma Gannon recently said “I work harder for people I like. 100% of my effort is put in if I feel like I have a good relationship with the person I’m working for.” Further, a recent survey by Glassdoor found that “80 percent of employees were motivated to work harder when they felt appreciated.” In summary, contrary to popular belief, nice guys can, and do, finish first – a lesson that should be applied to all areas of your life, especially when asking people to do things that benefit you more than them. Key Takeaway: Simple – be nice to people and take the time to build actual relationships with them. Don’t just see them as people who can do something for you – see them, and treat them, as real people – as potential friends – not just as business partners.
Aim to Create Long-Term PartnershipsYou might assume that the optimum strategy for getting the most out of influencer marketing is to work with as many influencers as possible with a single campaign. You’ll reach lots more people that way, right? Well, maybe. But that doesn’t make this strategy the most effective. It makes tons more sense to work with the same influencer, repeatedly, over a long period of time. Why? Because each influencer’s audience might not bite right away. They’ll be exposed to your product just the one time, and if that single exposure doesn’t turn them into a customer, what then? Chances are they’ll forget about you and never become a customer. On the other hand, if that customer is exposed to your brand subtly, but regularly, over a period of time, they will start to remember you. They might not bite (aka, buy) right away. They might not buy in a week, a month, or a year. But if at some point, they decide they want a product like yours, chances are they’ll remember your brand. What happens next? I think it goes without saying that there is a very good chance they’ll choose to buy from you. This ties right in with strategy number five, just above: build a relationship first. The most valuable influencer marketing campaigns are those that last. This sort of strategy might not offer you the same sort of instant gratification you’ll get by getting your product into the hands of lots of different influencers, but in the long-run, patience will pay. Key Takeaway: Aim to work with a handful of influencers over an extended period of time rather than lots of influencers on a one-time basis.
Relinquish ControlWhen an influencer agrees to work with you to promote your product or service, they’re doing you a favor. I get that it doesn’t always feel like that – especially if there’s cash involved – but the fact is that whatever’s exchanging hands, they hold the power. Trying to control what they do and what they say about you can damage your relationship and drastically reduce the chance that they’ll agree to work with you again. All that aside, influencers know their audience better than you. They know what makes their audience tick and what they will respond to. You don’t. Provide them with information and imagery. Feel free to articulate your ideas. But beyond that, just let them do their job. If you’re worried that an influencer’s work won’t “fit” your brand or do it justice, then you haven’t done your research properly. Go back to the drawing board and this time, identify and approach influencers that you feel you can trust to reflect your brand properly. Key Takeaway: When you’re working with an influencer, remember that they know what’s best for their audience. Feel free to steer them in a particular direction, but don’t make demands or try to control what they ultimately decide to do.
Track ResultsThe most effective marketing is marketing that’s monitored and tracked. It’s simple really: it’s about understanding whether or not what you’re doing is actually getting you results. You need to know whether an increase in traffic or revenue can be attributed to your marketing or to something else. And if you’re not seeing improvements across the board, you need to be able to determine why. You also need to understand which campaigns are performing best, and which ones are performing worst. Arguably, the simplest way to track how many sales an influencer marketing campaign is driving is with a unique code. You simply provide the influencer with an offer code that’s exclusive to them, and track how many sales are completed using the code. This isn’t foolproof – offer codes get passed around the web and consumers can wind up using the code despite never having come across the influencer you’re working with, or any of their content. A more reliable alternative is to provide each influencer with a trackable, tagged URL that they share with their audience. An affiliate tracking program like WP Affiliate can automate the process of creating these URLs, in addition to tracking sales by influencer. Of course, these strategies only track the traffic your influencer campaigns drive to your site and the sales that result from them. You might also be interested in monitoring the reach and engagement of your campaigns – particularly in the case of long-term campaigns in which you’re looking to increase exposure to your brand over time. I’m a big fan of SharedCount – it’s an excellent (and free) tool for instantly checking how many times a page has been shared. Alternatively, you can use a tool like Mention to track mentions of your brand, or for something a little more comprehensive (but still affordable) I’d encourage you to take a look at Trackur. Key Takeaway: Track everything. It’s the only way you can establish which campaigns are working and which aren’t – a pretty vital move if you want to avoid spending money on campaigns that aren’t driving a good return.
Don’t Judge Too QuicklyJust a second ago, I told you to track everything. And while that’s advice my businesses live and die by, I also don’t believe you should judge the results of any influencer marketing campaign too quickly. Influencer marketing isn’t like paid search, through which you can instantly determine the ROI of an ad or campaign. Influencer marketing is a little more like SEO – trickier to credit a result with an action, and longer to take effect. If you’re following the strategies above, you should be striving to build long-term relationships with influencers. Let’s assume you are: don’t be too quick to decide if a campaign is working. If you feel things aren’t heading in the right direction, talk to the influencer in question before deciding to pull the plug. They may be able change their approach or reassure you as to when you can expect to begin seeing results. Key Takeaway: Don’t be disheartened if your influencer campaigns don’t start getting results right away. It can take time to see an ROI. If you’re considering pulling the plug on a campaign, speak to the influencer about your concerns first.
Be Prepared to Compensate InfluencersSometimes, simply providing influencers with a free product is enough to get them talking about you. Many more are looking for financial compensation. This is perfectly understandable – do you work for free? No? Then why should you expect anyone else to? Many (if not most) of the more established influencers out there will be looking for financial compensation for their time. Be prepared for influencers to respond to your initial email with a simple “what’s your budget for this project?” In fact, when asked what puts them off brands, over 80% of bloggers said “the brand expects me to work for nothing”. Before you even get started with influencer marketing, decide on your budget – both your total budget, and the amount you’re willing to assign to each influencer. I think it’s worth bearing in mind, however, that even though most influencers are going to want to talk money, the majority will also be very flexible with the amount they’re willing to accept. It’s about coming to an agreement that works for, and benefits, both of you. Perhaps you can’t offer the amount of money an influencer would usually ask for. That’s okay – all is not automatically lost. There may be scope for the influencer to work for less money by reducing the service they offer. That said, if you’re already quite influential yourself, and you’re only looking for a quick bit of exposure (like a single tweet), you might be able to persuade an influencer to help out simply by offering like-for-like exposure. You won’t know if you don’t ask. Key Takeaway: Most influencers will want to be compensated financially for their time. Before you begin approaching influencers, set aside a budget that you can comfortably afford. However, once you start your outreach, don’t launch straight into talking about money – let the influencer be the one to bring it up in case the opportunity exists for you to arrange alternative means of compensation. Are you actively using influencer marketing? What strategies have you been using and how effective have they been? Take a minute to share your experiences in the comments below: The post Influencer Marketing: 10 Strategies for Getting It Right appeared first on Sujan Patel.