The Science Behind Influencer Marketing
Last updated on 05th Oct 2020, Artciles, Blog
The community at Influencer Marketing Hub receive a £100 discount on their passes with the exclusive discount code ‘IMH100’.Back for its third year, The is dedicated to brands and agencies that seek to make smarter decisions with their influencer marketing strategy.
Unlike similar events, the show is focussed not on creators but the science and strategies needed to create and execute successful influencer marketing campaigns; small and large.
You’ll walk away with proven formulas to creatively embrace creators to build value-add, integrated and profitable influencer marketing campaigns. Avoid costly mistakes and discover the latest technologies and agencies that will enable you to power-up, help measure the success of your activity and get better campaign performance for your budget.
Not ready to book your travel to fabulous London just yet? Read on for some details on what to expect. You won’t regret it!
Many people have grown cynical toward advertising. The say it shows up in every conceivable place, makes ridiculous claims, plays to our most base instincts, and crowds out things that are more interesting and essential. In a world that is saturated by advertising, it is hard for them to trust any of the claims that marketers make.
This cynicism is often eroded when recommendations for products come from friends or family members. A trusted recommendation comes with more credibility than an advertisement. That is why, according to Netpop research, 79% of social media users use these sites to find information and recommendations about products.
Advertisers realize that they can use the power of social media and other Internet tools to market to their customers indirectly. When they can encourage people to talk about and recommend their products online, these advertisers gain a unique advantage over their competition.
Influencer marketing involves marketing products and services to those who have a sway over the things other people buy. This market influence typically stems from an individual’s expertise, popularity, or reputation. Marketing to an audience of influencers is similar to word of mouth marketing, but it doesn’t rely strictly on explicit recommendations Influence can come from a wide range of places. Any person, group, brand, or place could potentially be an influencer. For example, celebrities are often used to market products because they are highly respected and highly visible. When a celebrity uses a product, the maker of that product gets exposure and the respect that comes from a celebrity endorsement.
Bloggers have become important influencers because they are seen as authentic and have loyal followings. When a blogger recommends a product it seems more trustworthy than traditional advertising. By using influencers, companies can avoid much of the cynicism and skepticism that is directed at straight forward marketing messages.
This form of marketing is unique because it appeals to the needs of the influencer rather than the customer. Companies must give influencers respect and form open and organic relationships for the influencer to endorse a product. This might include giving the influencer access to a soon-to-be released product, or inviting the influencer to visit the company in person.
The only major drawback of influencer marketing is that it isn’t as controllable as traditional marketing. While some influencers only add to the positive image of a product, influencers who encounter legal trouble or fall out of the public light might negatively impact a product’s chance of success. Marketers must prepare to deal with negative fallout if the influencers they use misrepresent or reject their products.
- Redwood Creek Wine – The winemaker created a social platform called Blaze the Trail that helped to position the brand as one committed to sustainability and natural living. The platform features in-depth information about wine making and includes Q&A sessions with wine makers. By providing a wealth of information about the wine in the context of the brand’s desired image, Redwood Creek was able to control the message that influential wine drinkers would spread.
- La Cense Beef – In order to educate consumers about the benefits of grass fed beef, the meat producer set up a website with information about the movement and sustainable agriculture in general. They also reached out to foodie bloggers that have sway amongst gourmet meat buyers. By making it easy for bloggers to research and write about the benefits of La Cense Beef, they were able to spread the message about their brand.
- Barilla Pasta – The company sent out “Test Kitchen” packages that contained pastas, sauces, and any other Barilla products recipients would need to host a dinner party. Those same recipients then cooked the food, served it to their friends, and uploaded real photos of the gathering to a website. This was a way to organically spread the word about Barilla pasta. The photos that were submitted were used to create authentic looking advertising that featured real Barilla customers.
- General Motors – The car maker set up an exclusive web site whose access was limited to “GM Insiders.” These were customers that had a deep knowledge, history, and affinity for GM’s many iconic brands. The website featured exclusive news, offers, and sneak peeks. By catering to this passionate segment of their customer base, GM was able to encourage them to talk up their cars to friends and family.
According to the Word Of Mouth Marketing Association (http://womma.org/), brands are mentioned 3.3 billion times every day in America. People talk about everything from snack foods to industrial machinery. Any business, regardless of the industry they are in, can benefit from creating a conversation around their products.Small businesses might use inexpensive online strategies to connect with influencers. A new restaurant can encourage patrons to write reviews online. A landscaping company could set up a helpful gardening blog. Influence is just as powerful at the local level as it is on the national level.
Larger companies develop comprehensive influencer marketing strategies that stretch across platforms. They could form expensive partnerships with celebrities or other brands to help position their products. Consider an energy drink company that wants to market to a younger audience. They could sponsor a snowboarder and hand out free drinks at competitions. This is a way of appealing to a young audience that has influence over their friends and classmates. For larger companies, influencer marketing should be an exhaustive and ongoing effort as they maintain existing influencer relationships.
- Identify the Most Relevant Influencers – Digital tools like SocMetrics and Appinions make it easy for companies to analyze the social media landscape for the most influential profiles based on geography, category, or other demographic data.
- Form a Relationship with Influencers – Try to develop a relationship with an influencer before asking them to advocate for a product or company. A simple message on Facebook or Twitter can help ingratiate a possible new influencer to the company.
- Find Your Influencers Preferences – Deliver content and advertising material to influencers in the format that is more convenient for them whether that be print, video, audio, or some other format.
- Abide By Regulations – The FTC requires that any and all material connections be disclosed. Simple online tools make the disclosure process simple and seamless.
- Make it Easy to Access Content – Influencers are more likely to share content with their followers if it is easy for them to integrate into their blogs, Facebook pages, and other portals. Online tools like SocialChorus make it easy for companies to distribute content.
- Don’t Neglect Minor Social Networking Sites – There is the tendency to think only of Facebook, YouTube, and Twitter when thinking about social media. But Instagram has 30 million users and growing. Minor social networking sites can expect significant influence as well.
The first step an an influencer marketing plan is to set goals for the campaign. Typically, goals for influencer marketing are often less about increasing sales and more about increasing buzz and public awareness. Before any influencer is contacted, a company must define their goals in measurable terms, spelling out exactly what they hope to accomplish.
After establishing goals, the company will then need to identify the influencers they want to contact by researching demographics and target markets. Simple searches of Google and Facebook can reveal who has influence over consumers. For example, a search for cars would return results for car blogs, automotive reviews, and enthusiast websites. Market research firms offer services that help marketers determine who their customers are most influenced by. The company will need to decide how many influencers they want to target and then select those that best meet the goals of the campaign.
Companies will then start analyzing where their influencers gather, who their audience is, and what kind of message they are spreading. Carefully studying the influencer’s preference makes them easier to reach out to later. When the company is ready to contact the influencer, they will communicate through social media or some other informal means. The goal is to form an organic relationship that is not based entirely on endorsing and selling. Influencers who are treated with respect become genuine advocates for the companies they write about.
Marketers should revisit goals every few months to track the success or failure of the influencer program. If a plan is not having the desired effect, companies must reach out to new influencers in different ways. The influencers who remain effective will need to be courted so that they continue to support the company on their blogs and websites.
Social media marketing managers use tools like Facebook, Youtube, and Twitter to market a company’s products and services. It will be their responsibility to utilize social media to connect with customers, push advertising, and establish brand images. Larger companies have entire teams of marketers working with social media.
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- Social Media Marketing Manager
entry level – $50,000-$70,000
after 10 years – $80,000-$120,000
- Brand Manager
entry level – $35,000-$65,000
after 10 years – $70,000-$140,000
- Interactive Designer
entry level – $40,000-$60,000
after 10 years – $80,000-$120,000
It will be necessary for any marketing manager to have a bachelor’s degree in marketing. A focus on digital or new media marketing is helpful. All successful social media marketing managers have extensive personal experience with social media. They maintain LinkedIn profiles, update WordPress blogs and upload Vimeo videos in order to stay familiar with the social media landscape.
Brand managers direct and supervise all of the advertising around a single brand. It is their job to create an identity for a brand and then to reinforce that identity through advertising and new product offerings. Influencer marketing is often used as part of branding because the image of the influencer gets transferred to the products they endorse.
A degree in marketing will be required for almost all brand managers. Managers of major brands usually have advanced degrees in marketing and business administration. Additional education in public relations or communications can also be helpful. Brand manager is a senior position that is reached after years of experience marketing or developing a brand.
Interactive designers create the interfaces that are used on websites, mobile apps, and computer programs. Any time a customer interacts with a company through technology their experience will be guided by an interactive designer.
It is not necessary to have a degree in marketing to be an interactive designer but it is helpful. It is important to know how to connect with customers and present messages in the clearest, most direct way possible. Most interactive designers have degrees in computer science or programming.
Why you should attend the Influencer Marketing Show:
- Content that matters
- Key topics on the agenda this year
- Designed for brands and agencies
- Hear stories first hand with effective networking
- Mix & Mingle at The Social
- Discover where the Influencer Marketing industry is heading
- Great company awaits
- Don’t forget amazing London!
- Exclusive Discount
Content that matters :
Carefully steered and curated by an industry advisory board you’ll have a choice of two simultaneous tracks over two days. On the main stage sponsored by Kindred, you’ll discover how to execute your strategy smarter, be engrossed in thought leadership and help solve industry challenges.
With a mix of keynote presentations and panel discussions, you’ll always be able to ask the moderator questions via the Slido app. The event allows members of the audience to use the app to vote up and down audience questions so only the most relevant gets asked.
Key topics on the agenda this year :
Each session goes into detail around the topic. Often sessions at broader marketing conferences only scrape the surface of the challenge or strategy. At IMS, each session has been specially curated by a panel of experts to ensure relevancy and that the topic gets covered in enough detail to take actionable strategy back to the office to implement the very next day.
- Measurement Matters: Confronting the Industry’s Biggest Challenge
- A Question of Ethics: Why Producing Ethical Content is the Right Thing to do
- The Science of Influencer Marketing
- Tackling Diversity and Representation in Influencer Marketing
- How to Assess an Influencer’s True Value and Work Out What to Pay Them
Complementing the main agenda, are a series of, which will deep dive into fraud prevention, how to use data effectively and how neuroscience can help brands answer some of their most pressing consumer questions. These workshops are limited in capacity and attract a small additional fee.
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Designed for brands and agencies :
We love creators – we wouldn’t have an industry without them. However, the show content and networking opportunities are aimed at attracting brands and agencies. With advice on how to embrace influencer marketing more effectively and the strategy required to make your spend more effective.
That said, many of our partners and talent agencies will be inviting some key influencers who have been part of a well-executed, agency or marketplace-led campaign. You’ll be able to meet them at numerous dedicated networking events at the show.
Hear stories first hand with effective networking :
Everything from the event app and lanyard colours to the layout of the show encourages networking. Whether you fancy meeting in the Beer Garden, the Prosecco Lounge or more formally in one of the meeting zones, the show makes it easy to connect and do business.
In addition to the ability to request meetings via the searchable app available on desktop, Android and Apple devices, you can take part in speed networking and the official networking event ‘The Social’.
Mix & Mingle at The Social :
At the end of day one, all of the show bars will be popping those corks with a dedicated networking event on the Influencer Marketing Show floor. It will be the perfect opportunity to share your stories of success (or failure) and make lasting connections on a personal and business level.
Discover where the Influencer Marketing industry is heading :
Whether it’s attending Whalar’s workshop on the future of influence or asking questions during the Q&A on all of our panels, you’ll get a firmer grip on where the channel is heading, how the big five agencies are adopting the space and what a truly integrated campaign looks like.
You’ll also be able to experience first-hand platform demonstrations, exclusive product launches and some of the latest technologies that can assist you with your KPI’s from sponsors and exhibitors.
Great company awaits :
The event is evolving into a who’s who of the industry with representatives from leading brands already signed up. These include Burberry, Unilever, Boots, Clarins, P&G, SKY and Disney alongside leading marketing agencies WPP, Publicis Media, MediaCom, OMD, Whalar, Ogilvy, Intermarketing and Omnicon.
Don’t forget amazing London!
The venue, built-in1873, was once the largest fish market in the World and is now a quirky event space. It’s just 20 minutes via taxi from London City Airport and around an hour via train from London Heathrow. It’s the perfect base to explore this wonderful cosmopolitan capital and whilst you’re here, make sure you pack your diary with meetings with both a personal and business agenda.
The community at Influencer Marketing Hub receive a £100 discount on their passes with the exclusive discount code ‘IMH100’.
Influencer marketing is a classic marketing concept that is now used in entirely new ways. Businesses have always relied on the power of influencers, but digital tools make it easier than ever for them to connect. Working with these tools is not easy though. Internet marketing presents as many challenges as opportunities. The best way to get all the skills necessary to carry out successful influencer marketing campaigns is to get a bachelor’s degree in marketing.
Influencer marketing requires a deep understanding of many different marketing techniques. In order to connect with influencers, marketers have to analyze their needs, develop attention grabbing ad messages, and deliver them in innovative ways. This sort of multifaceted marketing takes training and study. It is only after getting hands on experience from an accredited institution that new marketers will be prepared to start reaching out to real influencers.
In order to maximize the effectiveness of an influencer marketing campaign it is important to know where influencers gather and what kind of message makes the most impact. The chart below is based on data from a 2010 Forrester Research survey of over 10,000 adults. The numbers represent the percentage of the total number of adults polled. It illustrates where influence gets shared and what kind of influence makes the most impact on customers. Companies use data like this to help them target the influencers that have the biggest impact.
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