An absolutely effective tactic used by businesses in every industry is influencer marketing. It is when the influencers directly promote the messages of a brand on different channels to expand the reach and visibility of a brand.
The influencer marketing industry reached $16.4 Billion in 2022, making it one of the most lucrative industries.
And the growth isn’t going to stop soon since studies found that 87% of social users have taken a specific action after watching the influencer content.
All these facts make it a necessity to hire the top influencer marketing agency to grow your business in 2023.
What is Influencer Marketing?
Influencer marketing campaigns leverage the influence of niche creators in the industry to convert the audience into potential customers. It can be considered an advanced iteration of word-of-mouth referrals.
There are several types who can attract leads for your business:
Micro-influencers belong to the last spectrum of the influencer scale. They have minimal to moderate following with a considerable conversion ratio.
These influencers communicate with their audience through social media platforms. Due to their small following, the members develop into a close community who interact with each other regularly.
They also have higher engagement rates on their social media because of the loyalty of their community members.
These are influencers that belong to a specific category with higher followers than micro-influencers.
Macro influencers would generally be specialists of a specific niche providing informative content on a regular basis. As a result, they would be having better conversion rates due to powerful social proof.
You can pick the right macro influencer based on your niche and ask them to create content that can be shared on several platforms.
Social media influencers have a commendable presence on three or more social platforms. It includes Instagram, Twitter, YouTube, and Facebook to name a few.
They don’t have a specific industry or niche, they have the creative excellence to create content for a variety of topics. You can choose social influencers to lead your branding campaigns by promoting your products or services.
These social influencers will have several million followers with a comparable engagement rate in each of their posts. Their social presence allows them to reach an audience of different personas effectively.
Thought leaders carry the highest expertise in an industry. They are a great option if you are looking to target an audience belonging to a specific niche.
These thought leaders can also be considered celebrity influencers who carry the trust of their audience. These thought leaders are most active on YouTube and Instagram with thousands to millions of followers.
Businesses can also expect a significant ROI result by partnering with these thought leaders. However, it is essential to find an influencer with the most credibility in the industry. They can help you reach your target audience.
Influencer Marketing Insights
Before you get started with influencer marketing, here are several considerations to take note of to fuel your campaigns with the right ideas.
Instagram Is The Leader
When it comes to Instagram marketing, Instagram is the most effective platform. In 2022, the majority of brands have chosen Instagram as their preferred social channel for influencer campaigns.
The content-focused nature of Instagram, especially the shorts feature has backed the growth of Instagram marketing.
Even though you have to focus on social channels, it is essential to drive your campaigns toward Instagram to generate relevant results.
Video Ads Perform Better
The percentage of audiences preferring video content has increased drastically in the last few years.
The reduced attention span of Internet users can also be cited as a reason for this preference. Video content provides an attractive way to consume content with the use of attractive visuals and audio narration.
Social analytics of recent years have found that video ads have performed 27% better than text or carousel ads.
In fact, click-through rates are higher for vertical video ads that let the audience consume media regardless of their screen size. Facebook and Instagram are two of the most prominent platforms for running ad campaigns.
Working With Experienced Marketers
Another significant revelation from the influencer study was that more brands prefer to hire an influencer marketing agency than in-house teams.
You can find several top agencies with a massive network of influencers and experienced teams to devise strategies. They also eliminate the need for connecting with the middlemen when you are sourcing influencers for the first time.
Another reason to work with an influencer marketing agency is that you get to reduce the marketing budget drastically.
They have the resources to develop campaigns and tools to track and measure the impact. Hence, it is wise to spend money on an influencer marketing agency rather than training your in-house team.
Finding The Right Influencer Agency For Your Brand
Picking the right influencer marketing agency for your needs from the sea of available options can be a real challenge. This is why we are recommending focusing on these factors alone when you are on the hunt for an agency.
Start With a Plan
The type of agency you are going to hire majorly depends on your marketing objectives. Hence, before you reach out to any agency make sure to develop a detailed brief that includes all your marketing goals.
The plan should also consist of potential influencers that you want for your brand. This enables the agency to cater its marketing strategies to fit your specific needs. Another crucial reason to get a brief is that you have the KPIs to measure exposure and engagement.
Collaborating with an influencer agency without a basic plan is similar to aiming in the dark – it will get you nowhere.
Evaluate The Team
Once you are done with the marketing plan, you need a team capable of executing it. The best way to check if the team carries the expertise to lead your influencer marketing is by checking their experience.
Check the portfolio of the agency along with the current clientele. This can reveal a lot about the experience of the marketing team based on the type of clients they have handled all these years.
More importantly, you get to know why this agency will not be the right fit for your marketing campaigns.
Technologies are taking the center stage when it comes to managing a marketing campaign. If you want to establish an advantage over your competitors, it is essential to work with the leading tools for executing and managing campaigns.
Thus, it becomes imperative to choose an influencer marketing agency that carries the most advanced tools and technologies.
In addition to possessing these technologies, they should be able to utilize them effectively to drive the desired results.
Every business is doing influencer marketing to reach its target audience. If you are trying to capture the top position, it is essential to find the best influencer marketing agency to lead your campaign activities. Henceforth, take these above-cited tips into consideration to find the right influencer agency for your requirements and drive the most relevant results.