Small and medium-sized businesses often have marketing difficulties. Lack of the right tools and experience, often found in small businesses, can lead to much lower return on investment for marketing campaigns with large budgets. Given the fact that consumers interact with countless advertisements on different platforms every day, the likelihood of small businesses not being able to make their brands visible and getting lost in this big market is growing. While small and medium-sized businesses are not spending large advertising budgets, it is important to build realistic relationships based on trust with consumers. One of the most effective tools in setting the foundation for this relationship is emerging as an influencer marketing.
The combination of product and brand features with the consumer by a trusted source is also the basis of verbal marketing, the oldest and most valuable way to convince people to buy a product or service. Influencer marketing, a reflection of digital marketing in the digital world, proves that social media influencers can easily influence their purchasing decisions by establishing a trust-based relationship with their followers.
With an influencer that has a close relationship with the brand and has a mass of followers close to the brand's target audience, a small and co-branded business can reach consumers with cost effective marketing strategies far below the marketing campaign they will prepare with traditional media tools.
Here's how to create an influencer marketing strategy for small and medium-sized businesses in 5 steps:
1. Start by creating a cost-effective campaign
You do not have to budget too big a budget for your first influencer marketing campaign. With smaller budgets, shorter time spans and a flexible campaign, you can both get faster results and scale.
2. Specify the target destination
The traditional ad serving model that tries to reach a broad audience is often ineffective on a very high budget and reachable audience. With Influencer marketing, you can include campaigns and create targeted campaigns with more specific variables such as the age of the consumer, age group, and educational status.
3. Create brand awareness
The language that social influencers build in parallel with your brand's rhetoric can both strengthen your relationships with existing consumers and provide faster access to potential customers.
In other words, you have met with an audience of influencers with mutual confidence that you work with, and you have also come under indirect reliability with the mass of followers who have worked with you for a long time and who know that influencer works with you.
4. Create exclusive content
One of the most common methods used by small and medium-sized businesses in the process of creating quality and connected content with branding messages is to ensure that influencers produce content. Because influencers are not only people who distribute content, they are important content creators at the same time.
For example, working with a fashion influencer can not only help you get back on your investment, but also help you resize the photos you produce professionally.
5. Keep track of investment returns
With Influencer marketing you can measure your return on investment more effectively and with a wide range of metrics available to the business, you can evaluate your campaign's success.
Getting followers on social media to track investment returns is an important performance indicator. A follower on social media is confronted as a potential customer to be targeted and advertised at no additional cost. If a potential consumer chooses to receive news from you, it is much more likely to be a purchasing customer.
It is possible to see the activity of the content published with Influencer marketing, how much the followers react to this content, and whether the content has turned into sales. Labels and promotional codes can be created much more clearly than traditional advertising methods, with indicators of investment turnaround with influencer marketing, which allows you to track sales, usage and click-through rates.
- Founder @CreatorDen