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Glossary / Lexicon

How does influencer marketing work?

09/18/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Influencer marketing is a marketing strategy in which brands and businesses work with influencers to promote products or services and spread their messages to those influencers' target audience. Here are the basic steps to execute a successful influencer marketing campaign:

1. Goal setting and strategy development:

Define clear goals for your campaign. Do you want to increase brand awareness, sell products, generate more website traffic, or target a specific audience? Identify the key messages and themes you want to convey.

2. Target Audience Analysis:

Identify your target audience accurately to select influencers whose followers match your target audience. Use audience analysis tools and research to understand your audience's interests and demographics.

3. Influencer selection:

Research potential influencers who fit your brand and goals. Consider factors such as reach, engagement rate, credibility and relevance. Check the quality and authenticity of an influencer's followers to avoid fake followers.

4. Contacting and negotiating:

Contact the selected influencers and present your campaign idea. Negotiate contracts and terms, including compensation, content requirements, timelines, and legal aspects.

5. Campaign development:

Work with influencers to develop creative campaign ideas and content that authentically communicate your brand's message. Make sure influencers have the opportunity to add their personal touches to the content.

6. Implementation and publishing:

Let the influencers publish the prepared content on their own social media platforms. This can include photos, videos, blog posts or live streams. Be sure to publish in line with your schedule and goals.

7. Monitoring and Analysis:

Track campaign performance using KPIs (key performance indicators) such as reach, engagement, conversions, and ROI. Analyze the data to understand how effective the campaign was, and draw conclusions for future campaigns.

8. Relationship management:

Maintain relationships with influencers who participated in your campaign. This can lead to long-term partnerships.

9. Scaling and optimization:

Based on the results, you can scale and optimize your influencer marketing strategy by focusing on successful tactics and making less effective adjustments. Influencer marketing can be an effective way to engage your audience in an authentic way and build trust in your brand. However, it's important to make the relationship between brand and influencer transparent and trustworthy, and to ensure that the messages and content meet the expectations of the target audience.

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