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How to develop your business online using influencer marketing?

How to develop your business online using influencer marketing? Find out from this article!

Although influencer marketing is sometimes touted as a newer technique, taking advantage of the way social media has created individuals with incredible online reach and influence, it is – at heart – an old school marketing technique. Human beings have always looked to those they admire for recommendations and inspiration.

Influencer marketing is about connecting your brand or product with individuals who have the influence within that field to reach and engage your end customers. When done well, it can add credibility to your campaign, help to reinforce key brand attributes and give you an ‘in’ with potential customers who, bombarded by content from all angles, may tune out from more traditional marketing approaches.

However, if done badly, influencer marketing can feel forced, incongruous and do more harm than good.

Businesses that excel

There are many brands that understand how to do this well. As part of the launch of its new product ‘Dark Origins’ Scottish whisky, producers Highland Park worked with prominent individuals in the creative and drinks sector. The campaign pairs Dark Origins with craft beers and as the demographic target for the product: young, tech savvy individuals.

In terms of remuneration, companies will either pay influencers for their work and/or compensate them in some shape or form. It’s clear that luxury British watch maker Bremont provides its brand ambassadors with a Bremont watch as part of a strategy to align its brand with certain attributes.

So what do you need to know to make influencer marketing work? Here are four tips to help you develop a successful campaign.

1. Think carefully about your aims and how you will judge success. 

For more insights on the kinds of statistics to measure, check out this post.

2. Some influencers marketing campaigns have very specific revenue related objectives.

For example, product sales or sign-ups to an app whereas others are about spreading certain messages. You will also want to look at metrics such as overall reach and message sentiment.

It may be difficult to measure exact attribution so think about how you will judge the correlation between the influencer activity and achievement of your end goal.

3. Do lots of research.

The size of your influencer’s online community is important but so is the makeup of that audience.

Ridgway from Highland Park is clear on the importance of brand ‘fit.’

“Regardless of the fact that they are being paid, if you use somebody that wouldn’t normally be speaking to your desired audience or about what you have to offer, the influencer’s integrity might come into question and lessen their influence. In short, use somebody that believes in your brand,”she said. “Synergy is key to effectiveness.”

Influential parenting blogger Tara Cain is often asked by brands to take part in campaigns such as Royal Caribbean Cruises ‘family ambassador’ program.  This meant she was given a family cruise in return for bloggingabout the trip and adding a campaign badge to her blog.

Brands like Royal Caribbean know that Tara has a loyal online following of other mums, all of whom trust and value her opinion.

4. Work with the brand ambassadors on tailoring the campaign.

Consider working with the individual(s) to create the creative of the campaign, rather than simply approaching them with an idea that is set in stone.

The more authentic their activity is, the more likely it will be to resonate with their online community (and your target demographic).

READ ALSO: What are profitable business ideas in Nigeria?

5. Know the rules.

Depending on the country there may be specific regulations that you need to abide by when it comes to this kind of activity.

Recently, Oreo had one of its YouTube campaigns banned by the UK Advertising Standards Authority because it was not clear enough that the videos created by a number of influential vloggers were part of a campaign for which the YouTubestars had been paid.

The official adjudication on the matter stated that the content of the videos was too similar to that produced by the YouTube stars (and could therefore be mistaken for non-commercial content), and that the statements about them being Oreo videos “did not fully establish the commercial intent of the videos, and because no disclosures were made before consumer engagement with the material, we concluded that the ads were not obviously identifiable as marketing communications.”

Working with influencers can provide very positive results for brands and businesses but it’s vital to give careful consideration to the format and plan of your campaign before you jump into activity.

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