What are the Benefits of Influencer Marketing?
The internet has afforded us dozens of learning and earning opportunities. All you need is a reliable internet connection powered by Spectrum internet plans and you’ll take your online business to new heights. There’s no denying that the tertiary sector is among the biggest beneficiaries of the internet.
The widespread availability of the internet has paved the way for people to sell their skills online. If you’re a marketer, you know how valuable and important the internet is to businesses and brands. Safe to say it is hard to imagine a world without the internet.
If you’re a brand, you need to know different ways to leverage technology to promote your products and services. Influencer marketing is arguably one of the best ways to increase your engagement and get more revenue. Leveraging influencer marketing can create wonders for your business.
What is Influencer Marketing?
Influencer marketing involves using endorsements from celebrities and influencers to sell goods and services. It is one of the most utilized social media marketing strategies these days. Influencer marketing has been around since the days of legacy media. Who can forget the classic Pepsi ads that featured the likes of Beckham, Roberto Carlos, etc.? Using celebrities to create brand value has continued to this day. The only difference is that people have become accustomed to seeing popular people on their smartphones, which has by far the biggest reach of any advertising medium. In influencer marketing, brands enroll external content creators, influencers, and celebrities to spread their message across the internet.
How Does It Work?
Though it may appear simple, influencer marketing is one of the more complicated marketing tactics. When was the last time you saw Dicaprio promoting your local pizza outlet? Probably never. Convincing people with a credible social media presence to promote your brand message can be difficult. However, once you get an influencer on board, you can attract new customers to your business.
You can reach out to influencers via their socials. Almost all celebrities and influencers use social media. After all, it has played perhaps the biggest part in giving them superstar status. Most influencers and bloggers use different digital outlets to communicate and respond to brands and businesses. Others have third-party PR agencies that manage all things related to their public and social appearances.
What are the Pros of Influencer Marketing?
Influencer marketing can be a huge asset to brands and businesses if used the right way. Also, it appears more natural because humans relate to humans and not robots. That said, here are several benefits of using influencer marketing to sell your brand:
Enhanced Customer Loyalty
Influencer marketing improves customers’ trust in a product or service. Celebrities are perhaps the most sought-after people in the world. Their diehard fans trust every single word that comes out of their mouth. I am sure many of us tried the ZOA energy drink just because it has the brand name Dwayne “The Rock” Jonhson attached to it.
You’ll be surprised to know that influencer marketing is affordable compared to celebrity endorsements. Why? Because influencers work with the sole goal to promote goods and services. Celebrities, on the other hand, are established movie stars, athletes. Their job is to entertain people and earn money in the process.
Natural Way to Bring in More Customers
Influencer marketing allows businesses to tap into the different emotions of their consumer base. Humans relate to fellow humans. Also, influencers have a certain way of promoting products and services. Just think about all the unboxing videos that you have seen so far. What if the host of the video was a robot or an alien, instead of a human being, just asking.
What are the Cons of Influencer Marketing?
Despite its numerous benefits, influencer marketing does have several drawbacks. For example, you may not know if the influencer you are looking for is the right person for the job. Spending money on influencers only to know that you spent more than you earned is never good. For many businesses, it’s the hard way that reaps rewards.
Onboarding the right influences involves a lot of research. Your brand message may or may not resonate with the influencer’s fanbase. Therefore, it is advisable to do your fair share of research before reaching out to an influencer. Another drawback associated with influencer marketing is that it makes it inconvenient for brands to track their marketing campaigns.
Make sure to equip yourself with the necessary marketing tools before reaching out to an influencer. Remember, you want their audience to become your audience as well. So, keep up with the latest influencer marketing trends to get the best possible results for your business.