When considering the world of Influencer Marketing, the process can seem daunting and make you second guess if it's worth the path not yet taken. That's why we're here, to help guide you on your influencer marketing journey. So buckle up, it's going to be an interesting ride!
Here's what you need to know about the current influencer marketing atmosphere before you dive in head first Influencer marketing involves the collaboration between a brand and an online ˜influencer' who partners to promote a product, service or experience..
Globally, there are currently between 3.2 million and 37.8 million influencers across Instagram, TikTok, and YouTube. These influencers can be categorized based on their size of following, industry, social platforms, and more. A common misunderstanding of influencer marketing is that the said influencer has to be a high-profile individual or celebrity. Surprise! There are all kinds and levels of influencers out there.
To simplify it, here's a basic run-down used to classify influencers based on their follower count:
Knowing where an influencer ranks on this list is important because it can affect multiple key aspects of your campaign goals (we'll get into that later).
Influencers can have a cross-platform influence, but there is usually one platform that they tend to dominate. In the earlier years of influencer marketing, YouTube was the go-to platform for influencers (ever heard of vlogs?). But as social media platforms grew and kept adding new features, influencers began to find followers on other channels. Here is a chart from Influencer Marketing Hub that shows the recent flux of channel utilization in the influencer world:
We'll touch on one last bit of information we feel you need to know: the categorization of influencers. Just like we have our own fields, influencers have their own niche. Some like to cook, some are make-up gurus, and you may find yourself even watching someone golf on TikTok at some point in this journey. There are a plethora of categories that influencers can fall into. Check out some of these types of influencers from ViralMango.
So now that you know the basics of influencer marketing, let's get into it.
It's no secret that the world of influencer marketing has grown immensely, and it has no intention of slowing down. Standing at $9.7 billion in 2020 to $16.4 billion in 2022, the growth in this industry can't be denied.
You may be asking yourself, but is this really something I need to be involved in? Here are a few stats that might help you understand why influencer marketing makes a difference:
Convinced? Yeah, us too. Let's continue on to gain a further understanding of what it takes to incorporate an influencer into your campaign.
Just because your friend's hiring an influencer, does that mean you should too? Influencer marketing can be a great way to see results in your next campaign when done right (the keyword here is done right). Two great reasons to use an influencer to supplement your campaign are when your campaign goals are to 1) elevate brand awareness and 2) increase sales.
A prime example of a company utilizing influencers to both elevate brand awareness and increase sales is the fitness brand, Gymshark. From the beginning, Gymshark utilized its ˜athletes' to reach its target audience online and promote its products.
Owner, Ben Francis, understood their target audience as it was anyone like himself “ a young gym-goer who not only loves going to the gym but wants to look good while doing it. Francis and his friends had the great idea to leverage the following of their favorite fitness YouTubers, Lex Griffin and Chris Lavado. They sent over some free clothing samples and the rest was history. Now, Gymshark has partnered with dozens of fitness influencers and athletes, since growing to a billion-dollar company.
It's important to really narrow down your ideal influencer when choosing one for your campaign. Here are some questions to keep in mind when searching for the right influencer for you:
So, you want to find an influencer. There are plenty of tools and resources for you to find just the right influencer for your campaign.
This first method is the simplest way to start: Google! Run a quick Google search for influencers or experts on your specific topic or industry. You can find a decent amount of influencers this way, especially if you're looking for one with a large following.
Another way to find influencers is to do a hashtag search “ This can be useful mainly on Instagram and TikTok. Influencers will utilize specific hashtags tailored to their niche and audience, so this is a great way to weed through the giant field of influencers.
Check your own following! You might find an influencer hiding in your own follower number. Bonus points here if they're already following you; chances are they're interested in your brand and/or products which will make the partnership even easier to integrate for both parties.
Use an online influencer-finding tool. There are plenty of tools out there that can help you find influencers. They allow you to refine your searches based on various factors that will help you really understand who can help elevate your campaign. If you want to skip the 'dirty' work of a Google search or social media platform, this is definitely the route for you. Here's a list of tools courtesy of Influencer Marketing Hub that will help you find the right influencer.
We hope these 5 W's will help you ease into the world of influencer marketing. Need help? Good thing you're already here! We have a team that's versed in influencer marketing and ready to help you elevate your campaign. Contact us!