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Finding influencers to promote your product to their followers can open new markets and create buzz.
Consider how you make purchasing decisions. Are you more likely to buy something after seeing an advertisement or if someone you trust recommends it? Most people value the opinions of friends, family members and experts.
Consumers encounter social media influencers daily and often view them as experts, particularly if they like and respect the influencer and feel a connection. If an influencer they trust recommends a product or service, consumers are more likely to follow their advice and give the brand a try.
Influencers can help businesses grow when they’re incorporated into a brand’s marketing plan with care and thought. We’ll explain more about influencer marketing and how to form strategic partnerships with the right influencers to grow your brand.
Influencer marketing is a type of social media marketing that involves social media personalities promoting your products on their channels and platforms.
Some influencers charge brands to endorse their products or services via social media posts, while others work out product deals with brands. No matter how they’re compensated, gaining an influencer’s trust is paramount. They’re putting their reputation on the line by promoting your offerings.
Influencers may have massive social media followings or smaller audiences of highly engaged followers. They can be celebrities, bloggers, trusted authorities and “internet famous” individuals with niche audiences. Influencers usually produce copious content that’s relevant to their followers, so they’re always on the lookout for new content that will appeal to their audience.
Getting the right influencer to market your products and services can improve your bottom line by increasing sales, helping you build brand authority and boosting brand awareness.
Influencer marketing has become a more nuanced marketing tactic as new-age social media marketing has evolved. Consider the following steps to find influencers and build lasting relationships.
The right influencer is crucial to your social media marketing campaign’s success. While Kim Kardashian may have over 75 million X (formerly Twitter) followers, they may not be the ideal audience for your office chairs.
Maggie Winter, owner of MK Consulting, stressed that it’s crucial to know your target customers before you work with an influencer. “Small businesses should start by defining their audience,” Winter advised. “Look for influencers who already align with that audience, whether through shared values, interests or demographics.”
Several tools and platforms can help you find the right influencers — people with authority and trust in your industry:
After you identify ideal social media influencers, you must connect with them. This is where many marketers get ahead of themselves. Too often, they ask influencers to work with them before building a relationship.
Depending on their level of fame, influencers can receive hundreds or thousands of daily requests for content mentions and brand relationships. It’s crucial that they know who you are before you ask them to check out your product.
Building influencer relationships takes time, but it’s worth it. Here’s how to get started:
Get on their radar so they recognize you and your brand when you pitch a partnership deal. Give yourself at least two to three months before you move the relationship forward.
Mariana Delgado, marketing director at DesignRush, emphasized the importance of investigating an influencer’s follower engagement level, not just their follower count, before reaching out.
“Look for real influencers with genuine engagement rates rather than those with inflated follower levels that do not translate into any type of meaningful engagement,” Delgado advised. “A smaller influencer with an engaged and committed following usually adds more value than a huge influencer with a passive audience.”
Typically, the bigger the influencer’s audience is, the more likely it is that they will expect monetary compensation for product promotions. Learn each influencer’s rates. If you pitch them with a free product offer and they expect $500 a post, you’ll likely be rejected.
Nano-influencers — content creators with 1,000 to 10,000 followers — may be more likely to promote your product without receiving monetary compensation, but it depends on their engagement levels and niche. If you have a large following on their favorite platform, you can offer reciprocal shout-outs — you promote the influencer to your followers, and they do the same. Another option is to negotiate a smaller upfront fee plus a performance bonus.
For some context about how influencers expect to be paid, consider Influencer Marketing Hub’s State of Influencer Marketing 2024 report, which revealed that 49.6 percent of brands pay influencers based on a sales percentage, 24.1 percent of brands compensate influencers with flat payments, and 19 percent use a product-level payment structure, in which influencers are paid based on the specific product they promote or the number of units sold.
After you build the foundation of a solid relationship, it’s time to pitch your idea to your social media influencer. Take a personalized approach that shows you’ve done your research.
Here are some best practices for pitching a social media influencer:
For the best results when you’re pitching an influencer, keep the following tips in mind:
If the influencer agrees to work with you, it’s time to formalize the arrangement with a legal contract that spells out all obligations and guidelines. It should include the following information:
Although there are influencer contract templates, it’s best to have a business lawyer review your contract before you send it to the influencer. Ensure the contract is fully executed (signed by the influencer and your company representative) before you begin the promotion.
Winter advised businesses to be as explicit as possible when negotiating the contract. “Be clear on deliverables,” Winter recommended. “Outline expectations, including types of content, posting schedules and tagging requirements, but also leave room for the influencer’s creativity. They know what resonates with their audience.”
According to the State of Influencer Marketing Report cited earlier, over 84 percent of marketers said they believe influencer marketing is effective and 85 percent said they plan to increase their influencer marketing budget.
Here’s why influencer marketing works:
Chelsea Clark — founder of momfluence, a mom-centered influencer hub — pointed out another benefit of working with social media influencers. “Working with creators not only gets your product in front of potential customers, but you typically get usage rights for the content, meaning you can use it on your channels — from social media to newsletters to even ads,” Clark explained.
Successful influencer marketing is about relationships. By showing your respect for the influencer’s work and sending them quality content, products or monetary compensation, you can leverage their influence to connect with a wider audience.
Most brands continue working with the same influencers over the long term, building stronger relationships and growing followings that create mutual benefits. Your goals will determine the success of your influencer marketing relationship. For example, you may want to build online brand awareness, reach new audiences, increase sales or boost customer engagement. No matter what your marketing goals are, you can benefit from influencers’ ready-made audiences to improve your bottom line.