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10 Powerful Benefits of Adding Influencer Marketing to Your Strategy How Working With an Influencer Can Transform Your Brand's Marketing Strategy

author image Written by: Wade Morris           Categories - Digital Marketing, Digital Marketing>Social Media Marketing (SMM)

You may have heard that brands have found success working with influencers – but is the influencer marketing strategy right for you?

Trust us: the benefits of influencer marketing go far beyond having your brand associated with a ‘famous’ figure. In fact, there are a ton of powerful ways that your business can thrive with the help of an influencer.

Read below to learn how working with an influencer can:

  • Get a precise hold on your target audience

  • Save you money

  • Connect your brand to a wider market

  • …and so much more.

What is Influencer Marketing?

Influencer marketing is a relatively new phenomenon, but it’s quickly become a knockout success. It involves collaboration between two parties: the brand and the influencer.

The two parties make a deal, which usually involves the brand paying the influencer to show the brand’s products or services to their followers.

There are plenty of platforms that influencer marketing takes place on, including Instagram, Youtube, TikTok, Snapchat, and Twitch.

There are also plenty of unique strategies to use. The most popular strategies include:

  • Working with the influencer to create sponsored content

  • Offering the influencer free products to showcase to their followers

  • Giving the influencer a discount code to share with their followers

READ MORE: EVERYTHING YOU NEED TO KNOW ABOUT INFLUENCER MARKETING

Why is it So Effective?

For brands, influencer marketing is one of the most successful marvels to come out of social media. But why is it so popular?

First, it’s unique. The relationship that influencers have with their followers is special, as there’s a level of trust that you don’t normally see between other advertisers.

Part of what makes influencer marketing effective is the long list of benefits, which we’ve included below.

Do I Have to Work With an Influencer That Has Millions of Followers?

Will your brand reach more people if you work with an influencer that has millions of followers? Of course.

Is it still worth it to advertise through an influencer with fewer followers? Absolutely!

Sure, it would be nice if Cristiano Ronaldo or Ariana Grande advertised your brand – they’re the male and female with the most followers on Instagram – but there’s still plenty of value in smaller accounts.

In fact, there are “brackets” of influencers that each have their own benefits. These brackets are:

  • Mega-Influencers, who have at least 1 million followers

  • Macro-Influencers, who have between 100K and 1 million followers

  • Micro-Influencers, who have between 10K and 100K followers

  • Nano-Influencers, who have between 1K and 10K followers

Influencers with more followers have a larger reach, but they aren’t the only ones who can help your brand succeed. Besides, they charge brands more, and their following is less targeted.

Your brand might benefit from working with a smaller influencer. They charge less, they are more likely to collaborate with you, and their audience is often more engaged.

Why Working With an Influencer Will Benefit Your Brand

 1. You’ll Build Brand Recognition

When an influencer advertises your brand, they show it off in full motion. The content they post is engaging and descriptive, and it has an element of human touch. As a result, social media users can quickly become familiar with your brand.

2. You’ll Gain Direct Access to Your Target Audience

Each influencer has a unique set of followers, and those followers often belong to a specific target audience. This is particularly true for influencers from niche communities, or influencers with a small-but-concise following. For that reason, influencer marketing makes it easy to connect with a specific type of social media user.

3. Your Return on Investment Will Be High

Data shows that influencer marketing really works: A study by Twitter and Annalect found that 40 percent of participants purchased a product after seeing an influencer use it.

4. Influencers Have Built-In Credibility

Internet users are now more skeptical than they’ve ever been. In the world of digital marketing, it can be hard to gain an audience’s trust. What makes influencer marketing so magical is that there’s already a trustworthy relationship built-in. People trust the opinions of the influencers they follow, and the influencer develops a reputation this way.

TIP: If you’re looking for an influencer that is particularly trusted, try to find an expert. While many successful influencers are everyday people, some are actually professional experts in their field.

 5. The Reach and Visibility are Undeniable

Where else can you showcase your brand to thousands, or even millions of potential customers? More people are on social media than ever before, which makes it the best way to show off your brand.

6. There’s Plenty of Opportunity to Build Long-Term Partnerships

When you work with an influencer, you develop a partnership of sorts. This is a partnership you can work on and get more out of down the road.

By fostering strong relationships with influencers, you’ll be able to count on the ones you’ve already collaborated with to work on future campaigns. This cuts out the sometimes-tedious step of approaching new influencers.

7. Influencer Marketing is Cost-Effective

Influencer marketing is more budget-friendly than you might think. Here are some of the ways that this marketing technique is cost-effective:

  • Influencer marketing has a high ROI

  • There are plenty of options that vary in cost, depending on the influencer and the campaign you choose

  • Plenty of the work, like building an audience, is done for you

8. It Drives Conversions With Ease

Influencers can easily convert followers into customers. The numbers don’t lie: 28 percent of marketers say influencer marketing is the fastest growing method to acquire customers, according to a survey from Influencer Marketing Hub.

9. You’ll Connect to a Wider Audience

Since influencers attract so many people on popular platforms, people who wouldn’t otherwise stumble across your brand will be introduced to it. You probably already know your target audience, but you might attract new people you wouldn’t have otherwise thought of targeting.

10. Your Brand Could Become a Household Name

People don’t just use social media inactively; they talk to their friends about what they see on their feed. When an influencer introduces your brand to their followers, they’ll increase the chance that your brand will spread via word-of-mouth. 

The Takeaway

Influencer marketing isn’t just about having a celebrity name-drop your brand. There are so many ways that it can transform your marketing strategy.

In this article, you learned:

  • Why influencer marketing is effective

  • Why you don’t have to work with influencers that have millions of followers

  • The ten ways that influencer marketing can benefit you

Wade Morris

Wade brings an energetic approach to writing – he is always on the hunt for stories and angles that matter. With years of experience in journalism and marketing environments, Wade has written about everything from politics to education. Now, he writes about SEO and digital marketing trends.

Facebook Removes Support For Podcasts

05/03/2022

Facebook is ditching podcasts and plans to stop offering them from June 3.

The social-media giant will no longer allow users to add podcasts to the service as of this week but plans to remove them altogether starting June. Both its short-form audio product Soundbites and the central audio hub will be discontinued, Bloomberg reports.

These options were first introduced last April, as part of Facebook’s broader effort to promote social audio. That’s when Meta presented a range of upcoming podcast options: on-page display tools and direct connection options. Both were supposed to let Facebook users listen to podcasts from within the app without leaving it. In June, Meta launched its podcast support tools, with several launch partners.

Now, not even a year later, Facebook is shifting its focus to other initiatives.

We’re constantly evaluating the features we offer so we can focus on the most meaningful experiences – a Meta spokesperson said in an email sent to Bloomberg. The person allegedly added that they don’t have a specific date on when Soundbites and the audio hub would shut down but it will be in the “coming weeks.”

Facebook will also cut the site’s Soundbites and Audio hubs and integrate its Live Audio Rooms feature into its broader Facebook Live suite. They also said they will not warn users of this, but will rather let creators break the news how they see fit.

Why the change? Probably because they need to save some money:

After the start of COVID, the acceleration of e-commerce led to outsized revenue growth, but we’re now seeing that trend back off. However, based on the strong revenue growth we saw in 2021, we kicked off several 2 multi-year projects to accelerate some of our longer-term investments, especially in our AI infrastructure, business platform, and Reality Labs. These investments are going to be important for our success and growth over time so I continue to believe we should see them through. But with our current business growth levels, we’re now planning to slow the pace of some of our investments.

This might not be a big deal and some significant news for everyone, but as Andrew Hutchinson from Social Media Today noticed, it shows how Facebook’s focus can easily shift and ‘betray’ the creators that use the platform. What does that mean for future Meta visitors and builders?

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Facebook Launches New Novi Pilot

12/14/2021

Earlier this week, Meta launched a new trial version of the Novi digital wallet – this time, for use via the Whatsapp mobile app. Users in USA and Guatemala can now send and receive money right in their WhatsApp mobile app.

You might be wondering what the Novi app even is. Well, remember when Facebook announced the rebranding, the Metaverse, and how it will touch every product they build? It turns out this could be a part of it all.

Novi is a digital wallet that should enable people to send and receive money internationally without leaving their homes. There are no fees, and the process doesn’t last long. It uses blockchain technology and a digital currency called USDP – a cryptocurrency of Paxos – a coin that uses the Etherium blockchain technology and is attached to the U.S. dollar. So, 1 USDP = 1 USD.

According to Facebook, or Meta, if you will, Novi has been developed to enable fee-free, cross-country money transfers. If you decide to sign up, you will need a valid government ID and a video selfie. Then, you can add money to the account using your debit card and your contact list.

Things you should know

Novi is officially a regulated financial company from Facebook, but also has built-in protection against fraud and constant monitoring for suspicious activity. Yet, some regulators are hesitant to give Facebook more power and influence, especially considering the amount of user data they have access to.

For them, it seems that adding payment options is a step too far. That’s why Novi acts independently from Meta and wants to distance itself as much as possible, to maximize acceptance. Using Novi on Whatsapp won’t change Whatsapp’s privacy settings and should be completely safe, according to Facebook.

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