Influencer Marketing is on the Rise and Here’s Everything You Need to Know About It / Digital Information World

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Social media plays a huge role in a company’s overall brand image, regardless of size. Each time a social media influencer is chosen to endorse a new product, their review reaches hundreds of fans. Then when those fans see that video or post of their favorite content creator checking out a new product and giving their opinion, they are instantly drawn to it and buy or most likely consider buying that product, with the mindset that it makes them more like their favorite content creator.

A new report on the state of business-to-business and influencer marketing has shared plenty of insights into upcoming business opportunities in the second half of this year and beyond as well. According to the report, influencer marketing is headed in the right direction for most marketers.

A new study by Lee Odden TopRank Marketing Blog found this 86% of B2B businesses (i.e. businesses that use other businesses as intermediaries) have been successful with influencer marketing. By using influencer marketing, most brands have started building their brand awareness and reputation. All of this led to an increase in sales, if not by a huge amount, but still increasing.

Nearly a third of businesses said their revenue had increased since marketing their products through a social media influencer and 85% of people believe the interest rates to be paid working with influencers will increase in the coming months. coming years. year due to inflation, rising house prices and more.

The report answers the questions many people have about influencer marketing and also gives some solid advice on what factors to consider when selecting an influencer to market to your brand, so let’s dive into it.

First, we need to know what B2B marketing is and how it involves influencers. This specific type of marketing starts with a one-time deal, but after checking the results of that deal, most marketers consider making it a long-term deal based on the outcome and performance of that specific influencer. The study asked marketing professionals and experts about their experience with influencer marketing and here are the results:-

• 86% of respondents said it was either remote or very successful for their business,

• 72% said it helped them increase their brand reputation,

• 70% said it helped them increase brand awareness,

• 56% said it helped them generate new leads,

• 33% said it was a direct source of revenue for their business.

Now comes the question of finding an influencer trustworthy enough to become a B2B partner with them. In this case, you need to look beyond the basics like subscribers and reach, according to the report.

According to professionals, when you are considering getting into influencer marketing, you need to look above the vain qualities like followers/followers and start thinking about relevance because audience size doesn’t matter. as important as audience relevance.

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