social network

Influencer Marketing: Is it Right for Your Business?

CWM Aug 1We all know that in the digital world the only thing constant is change. It seems that every day I hear about a new social media platform emerging and with it a new “superstar”. These “superstars” are not famous for anything except their ability to influence online buyers making them in some ways just as or more powerful than that of actors, actresses and athletes. They have millions of followers on various social media platforms who hang on their every word and accept what they say as gospel. Leveraging these influencers to promote your product or service can be extremely lucrative for your company, but is it right for your business? I’ve outlined below some information on influencer marketing and a few tips to get you started.

What is influencer marketing?

If you are wondering what is influencer marketing; it engages key individuals with large followings to leverage influence among their followers. In essence it’s about having a person of influence drive your brand’s message to a larger market in a way that’s perceived to be authentic and organic. As people ignore traditional ads in ever increasing numbers, the most lucrative opportunity for companies looking to drive brand awareness and sales is influencer marketing.

Does influencer marketing work?

When an influencer speaks about a product or service it comes across as a genuine recommendation, not an ad or marketing campaign. It’s believable and people respond.

  • 94% of those who used influencer marketing believe the tactic to be effective (Lingia’s State of Influencer Marketing Survey)
  • Influencer marketing’s top benefits entail creating authentic content about their brand (87%), driving engagement around their brand (77%) and driving traffic to their websites or landing pages (56%) (Lingia’s State of Influencer Marketing Survey)
  • Marketing-induced consumer-to-consumer word of mouth generates more than twice the sales of paid advertising. And of those that were acquired through word-of-mouth had a 37% higher retention rate (McKinsey)
  • Twitter reports that 49% of consumers seek purchase guidance from social media influencers
  • 40% of Twitter users said they had made a purchase as a direct result of an influencer’s Tweet
  • 20% said that a Tweet from an influencer inspired them to share their own product recommendation

Now that you know what influencer marketing is and that there are solid stats to support that it does work if done properly, stay tuned until next blog when I’ll outline a few tips on how to get started.

In the meantime, if you have any questions about the power of influencer marketing contact us today!

3 Ways to Leverage Instagram for Your B2B Business

1115_instagram_365_244colo-24-42-70-10Over 400 million people are on Instagram these days. This creative, visually led social network is rapidly becoming a place where people engage with brands and share content. Yet, many B2B companies dismiss Instagram as not being right for their brand. Instagram doesn’t immediately come to mind when you think of B2B marketing, but there are huge opportunities to promote your brand values.

Storytelling has become a great way to give B2B brands a personality. Storytelling is about connecting with your audience and moving away from the self-centred, sales-orientated advertising that just doesn’t work for B2B brands anymore. The key to leveraging Instagram as a marketing tool for B2B brands is to not think of it as a marketing tool at all.  Instead, you want to think about Instagram as a way of telling your story as part of a larger online marketing strategy. Here are three ways that Instagram can help you tell your brand’s story:

  1. Establish long-term connections

B2B brands need to embrace the fact that marketing on Instagram is less about selling the benefits of your products and services, and more about establishing deeper connections with people including industry thought-leaders, employers, and prospective clients. Instagram is about building and maintaining awareness of your brand. Think of Instagram as a way to grab the attention of industry influencers and potential clients at a time when they’re not really in work mode, as they’re not going to be interested in being sold to.  This is your chance to seamlessly integrate your brand values into their Instagram feed.

  1. Humanize your brand

Another way you can give people an insight into your company culture is to use Instagram to offer a behind-the-scenes look, as people love seeing what goes on in other offices. It can be as simple as snapping a quick photo at your company’s event, or taking a photo of one of your employees to publicly wish them happy birthday. B2C brand’s social media channels thrive on being relatable and yours should be too.

  1. Contribute to the conversation and be part of the community

As well as interacting with clients’ photos and comments, responding to big news stories, industry developments and trending hashtags can be a great way to engage your followers and show the world that you have your fingers on the pulse. Give your brand a personality through comments and thoughtful posts in the public space.

Take the time to understand the benefits of using Instagram to communicate your brand’s values to potential clients and industry influencers, if you’re looking for new ways to engage with your B2B community.

This visually led social channel might have its roots in B2C marketing but, with over 400 million subscribers, you might want to take a look to see if this platform is right for your B2B business.