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Maximizing Your Online Presence: A Step-by-Step Guide to Effective Influencer Marketing

What is Influencer Marketing

According to Jordensky, India is now called as a “Startup Hub” as it has successfully crossed 99,000+ active startups and 107 unicorn companies worth a whopping $30B. We are in the middle of what is popularly known as an Entrepreneural influx as social media is easily accessible to all and so are endless opportunities. But why should brands use social media and why influencer marketing? According to a 2023 Forbes India report a staggering 4.9 billion people use some or the other form of social media and standing at the height of its popularity are sites such as Instagram, Facebook, and YouTube. These sites are capable of retaining the audience’s attention for a longer period of time all thanks to the different types of content available on the internet at the behest of content creators or influencers. This makes social media a brewing ground for fruitful brand and customer interactions. The future is thus only secure for brands that know how to wield this power in their favour and grow online presence while simultaneously collaborating with social media giants – Influencers. Social media and influencers go hand in hand, the difference made almost negligible in the past few decades. It is a major boon yet a bane for industries and brands who don’t know how to use it to its fullest potential. This optimist article is set to resolve all doubts and make growing brands adept at effective influencer marketing strategies.

Why to go for influencers

Since the advent of social media and content creation, influencers have always been at the frontline producing entertaining content for the viewers to enjoy, however it was not long before a transformation took place, from an entertaining art form to a professional employment opportunity. Influencers began earning from content creation and this was not from social media, but brands that paid in cash or kind. Most businesses/brands remained skeptical, still rooted in traditional business practices and fearful of change which led to stagnant sales and the risk of closing down. Social media stepped up during such challenging times and aided these businesses, arts and a dying culture by breathing life into their brands. Some of the most common ways in which influencers help your brand are listed below:

  1. Increased Brand Awareness  :
    Influencers that you want to target should have a niche that is similar to your product/service which will ensure that their audience is also interested in the same and would respond actively to your collaboration/ad. The brand would gain momentum amongst people who have similar interests which would further lead to a higher conversion rate. The brand will also maximize brand visibility and become a point of interest amongst like-minded individuals..

  2. Higher Conversion Rates :
    Influencers pose a lifestyle that the viewers aim to have, for e.g. a fashion influencer wears branded and designer clothing which is hard to afford but when she adorns something from a brand which is affordable to her audience base, they turn towards it as something that they can style like the influencer. This leads to higher conversion rates and site visits of the brand..

  3. Target Niche Audience:
    Brands should usually target influencers that fit their niche which aims at grabbing the attention of a customer base that is interested in the brand’s offerings. For e.g. If a brand is selling educational courses, they will majorly cater to or approach young influencers who can pitch the brand to their relatively younger audience instead of an influencer who is older..

  4. Renewed trust on brand (due to pre-existing trust on influencers):
    Influencers have garnered support and followers on social media over a long period of time and thus a more loyal consumer base forms over time. This makes the audience trust the influencer and her/his choices more than they can trust any brand, thus when an influencer endorses any brand it fits the sentiments of this consumer base that further transforms into sales.

    Thus, by adopting effective influencer marketing strategies, you can also turn a fresh page for your brand and reach a wider audience base with higher conversion rates.

Types of Influencers

Social media influencers can vary widely, depending majorly on the numbers of followers that they might have, and although it’s a dream for brands to collaborate with the biggest influencers it is also crucial to find the right fit required to advertise the brand and its products/services. For example, you are a brand selling fitness products that are helpful for gym goers and are essential diet elements, you would not really collaborate with a fashion influencer with 1M followers but a fitness influencer even if they have less followers cause they understand the product and have an audience of like-minded people who have a higher tendency of reverting back to the collaboration/ad. It is thus extremely crucial to find influencers who fit the brand like jigsaw puzzle pieces. To categorize broadly there are 4 major influencer types namely: Mega, Macro, Micro and Nano Influencers.

  1. Mega Influencers:
    IMega Influencers are those with 1M+ followers and often include celebrities who have a wider audience base and can help brands in establishing their footing in the market. They are often very expensive and do not cater to any niche (e.g.: fashion, fitness, food etc.)
    However, if you want to exhibit your brand as a luxury establishment collaborating with mega influencers can help you stand out and gather an exclusive customer footing. .

  2. Macro Influencers :
    Macro Influencers have dedicated content creation to their respective niches and have a following ranging from 100,000 to 1M. They have spent a significant amount of time perfecting their art (content niche) and now have an audience that caters to it. Brands seeking rapid exposure and a customer base that is related to the brand niche are mostly affiliated to these influencers, however, they are still expensive as compared to micro and nano influencers.

  3. Micro Influencers:
    Micro influencers have around 10,000 to 1,00,000 highly passionate followers who follow a specific niche. They are also quite affordable and can suit the brand’s needs and are probably the best category to work with. Marketeers have also expressed interest in repeatedly collaborating with micro influencers due to their capability to cater to brands and become the face of the company.

  4. Nano Influencers:
    Nano influencers have around 1000 to 10,000K followers and function as tightly knit communities where the influencer is regarded as the head of the establishment. Although you won’t get much exposure you are guaranteed to get higher customer arrivals to the brand and an even higher return rate if the customer likes your brand’s product/service.

    Now you can aptly use these influencers marketing tricks to up your social media game and bring a revolution in the entrepreneurial world.

Conclusion:

Almost half the battle is won once you identify the perfect influencer fit and implement these influencer marketing strategies in hacking the best possible strategy tailored to your brand/business. These strategies can help turn a new leaf in your brand building journey and help you in reaching your desired goal.