What is Influencer marketing & how can it help your business?

Influencer marketing is a part of digital marketing. Suppose you own a business and want the public to know about your product to create lead eventually. For instance, we are a company that offers software development services and want to sell services to potential users. For this, we will select a particular audience who could potentially buy our services.

We can start by showing ads to them. We can use paid ads services, including Google Ads or Facebook ads. We can sell our services simply by advertising our services to our potential buyers on Google or social media channels. So, this is a common way of selling your products or services over the internet.

Influencer Marketiing

You can also use social media influencers to spread awareness about your services among your target audience. Social media influencers have genuine followers on different public platforms like Facebook, Instagram, YouTube, etc.

There are different social media influencers in the market. We have to choose niche-specific social media influencers for our products/services. For instance, if you pick a popular social media influencer who has 50000 followers on a platform. You should choose influencers who talk about the relevant subject as yours. If you want to sell software services, you should choose a tech geek for your product marketing. 

If a social influencer talks about a relevant niche and has a large following, their audience must be interested in the same subject. This makes a difference in influencer marketing and advertisement.

So, as a company, we go to such people and ask them to get their audience aware of our products, if any of them buy with their reference, the influencer would be eligible for a commission. There are different ways of influencer marketing, and it depends on mutual agreement. 

Ways of Influencer Marketing

The first way is you ask influencers to upload a video or post about your product or website and pay them a certain amount for it. On the other hand, you can ask them to post a video, and if anyone buys your product/services through an affiliate link or code, you pay an influencer on each sale. Similarly, you can agree to pay some amount for posting a video in favor of your product and then pay for each sale coming from their account.

The Difference Between Influencer Marketing and Ads

The difference between an influencer and common marketing is that influencer marketing doesn’t feel like marketing. Excellent marketing is the one that is not felt as marketing but works as marketing. Since loyal followers trust influencers and take their advice seriously, they recommend a product or service instead of selling them.

This type of marketing is in trend these days and effectively works in favor of companies. So, if you run a company or sell some services, you can contact and tie-up with influencers of your niche to promote your business. 

Influencers can be on any platform, including YouTube, Instagram, Facebook, TikTok, etc. Influencer marketing can be done on any platform as long as they have a relevant audience-following on their account. 

Influencer marketing offers a win-win situation for both the company ad influencers. As a company, you have to analyze your audience before choosing an influencer for your business. Also, you have to analyze followers’ engagement on their account. The more active followers an influencer has, the higher are the chances for them to take action in favor of your product.

Influencer Marketing and Celebrities

Celebrities make an influence and are supposed to influence your target audience positively; however, influencer marketing is not limited to celebrities only—these days. Companies are giving opportunities to micro-influencers who perform well in their niche. When they recommend something to their audience, a considerable amount of action is taken from their audience.

Influencer marketing strategy

The first thing that you should know in influencer marketing is knowing your audience’s characteristics. Both as a marketer and influencer, you should know what your audience likes and dislikes.

Secondly, marketers should identify and select influencers carefully as there are different influencer platforms. 

Next, a business or marketing department should offer some quality content to the influencer. For instance, a software development company should provide a video or infographics or image to the influencer to better support our product.

The last thing in influencer marketing strategy should be monitoring and analysis. Since companies do not collaborate with only one influencer, they should keep evaluating which influencer is performing well and providing better leads for their business. This will help them to select better influencers and plan a better strategy for future influencer marketing campaigns.

It was all about influencer marketing, strategy, and how it can benefit your business. If you think this type of marketing can work in your niche, you can start your influencer hunt today.

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Written by John Marsh

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