Influencer marketing is incredibly effective in boosting a business’s brand awareness, sales, and conversions. Thousands of companies have applied it successfully, and more continue to pour a chunk of their marketing budgets towards these campaigns–and the multi-billion dollar industry doesn’t seem like it’s slowing down any time soon.
More content creators are coming into the spotlight on multiple platforms, creating new opportunities for brands to reach their audiences in original ways. Now’s a great time to hire freelance influencers on Guru to reap the benefits of this type of marketing.
What Is Influencer Marketing?
Influencer marketing is a type of marketing that involves a collaboration between a brand and an “influencer.” An influencer is a personality, also known as a content creator, that is a trusted figure within a community and retains a loyal following. He or she could be a field expert or simply someone who carries a significant weight of value in their niche.
How Does Influencer Marketing Work?
In influencer marketing, a brand employs an influencer to promote its products or services through various media outlets, typically social media platforms like Instagram, YouTube, or TikTok (though the same also applies to personal blogs). The business pays the influencer a set amount, often determined based on factors like the creator’s reach, engagement, and effectiveness.
How much does influencer marketing cost? It varies significantly, with prices ranging from $50 to $1 million a post. In some cases, influencers (particularly nano influencers) may accept x-deals, such as free products or access to exclusives, instead of monetary compensation.
Is Influencer Marketing Effective?
Influencer marketing is very effective—and a majority of marketers in the U.S. agree. It’s become an industry worth billions of dollars, and businesses are still dedicating a chunk of their marketing budgets toward these types of campaigns. Almost half of the consumers in the country rely on influencer marketing to drive their purchasing decisions, enabling influencer strategies to generate eight times the return on investment (ROI) versus other marketing schemes.
Why Influencer Marketing Is Effective
Influencer marketing is effective because of its authenticity, originality, and credibility. Here’s a breakdown of the characteristics that make influencer marketing so great:
It’s Founded on Trust
People are more likely to believe recommendations from influencers than brands and celebrities. This is because influencers are unique in how they endorse products; they promote with a sense of authenticity, with their views out in the open and their praises coming from actual enjoyment. Because of this, they command more trust from their audiences, which becomes a better driver for sales and conversions for the brand.
It Doesn’t Look Like Ads
Audiences nowadays are more discerning. They can spot advertisements a mile away and can easily swipe, click, or skip these away. Influencer marketing is different because it’s created as original content, often in the style of the promoting influencer. This makes it easier to digest, making it a more effective channel to reach a market.
It’s Highly Targeted
Influencers often work in niches, meaning that from the get-go, they already have a specific demographic that follows them. This is great for brands that know their target market as it removes any guessing game regarding reach and engagement. By working with the right influencer, brands can get their message to the exact audience that they want.
How to Get the Best Out of Influencer Marketing
Influencer marketing can be a tricky game. Here are some tips to ensure that you get ROI in your influencer campaigns:
Work With the Right People
Make sure that the influencer you choose aligns with your target audience, your branding, and the goals that you have set with your campaign. You should also know where to look–only use trusted sites like Guru to find the best freelance influencer marketers for you.
Know Your Audience
Think about your audience. Use data, analytics, and testing to determine aspects like their preferences and behaviors; these will help you determine the best influencers, type of content, and campaigns for maximum ROI.
Consider the landscape, as well. Know how to use influencer marketing on Instagram, TikTok, etc. so that you can optimize your strategies accordingly.
Define Clear Goals and Objectives
Have a clear idea of what you want out of your influencer marketing campaign, as well as how you can measure its success later on. Make sure to discuss these with your influencer marketer so that you can come up with the best solutions.
Hire an Influencer Marketer on Guru
Start building influencer marketing campaigns by hiring a professional influencer marketer on Guru. The platform makes it easy to connect with the best freelance influencers for your business, bringing you one step closer to enjoying the benefits of this marketing style. Hire a freelance influencer marketer on Guru today!