If you're looking to make money online by selling products or services through affiliate marketing, there's one big question that needs answering first: Are influencers worth it?
Influencer marketing has been growing in popularity over recent years, but many people still don't understand exactly what this is all about. Is it just another way of using celebrities to sell stuff? Or can we really use these kinds of influencers as a legitimate means of making sales on our own websites? And how much should we be paying out if we want to get the most from our campaigns?
We'll answer those questions -- plus more -- so you can decide whether influencer marketing could work well for your business. Let's start at the beginning...
An influencer is someone who has large numbers of followers across different platforms (such as Instagram, Twitter, YouTube etc). These individuals have built up a loyal following over time, which makes them attractive partners for brands because they already trust their recommendations.
The term "influencer" was coined around 2008 when the phenomenon of'social proof' became popular. People started seeing famous personalities like Barack Obama, Lady Gaga and Justin Bieber endorsing things online, and they were more likely to buy something simply because other people had done so before them. This is what led to brands deciding to hire influencers, who often charge thousands per post, to endorse certain products.
However, not everyone agrees that this is a good practice. While some see it as a great opportunity to bring new customers into brick-and-mortar stores, others feel that it devalues real consumers and encourages companies to focus too heavily on celebrity endorsements instead of focusing on providing high quality content for their audience.
So while influencer marketing might seem like a new trend, it actually dates back centuries. In fact, the word itself comes from French, meaning "to move." It was used during the Middle Ages to describe influential religious figures such as popes and bishops. It wasn't until the 20th century that the concept took off in its modern form.
Nowadays, influencers are everywhere, even if you don't realise it! They include athletes, actors, musicians, bloggers, YouTubers, vloggers, fashion designers, photographers, makeup artists, comedians, podcasters, authors, speakers, politicians, activists, chefs, entrepreneurs and more. The list goes on forever!
In fact, you've probably seen them yourself without knowing it. How many times have you watched a video from a person whose name begins with the letter A? Or read a blog post written by someone who shares his/her initials? If you think it sounds weird, then you're right! We tend to associate letters with names, rather than thinking of them as people. But this isn't always true! For example, the number 1 doesn't stand for anything specific, but it does represent the first person in a lot of languages including Arabic, Hebrew, Persian, Yoruba, Sanskrit and Turkish.
To learn more about what kind of influencers exist today, check out this article on top 100 celebrity influencers.
There are four main categories of influencer marketers:
1) Celebrities. As mentioned above, you may recognise some of these people from TV shows, movies or music videos. Even though they aren't necessarily considered experts in their field, they do have huge followings thanks to being known worldwide. However, remember that they only earn money for promoting products that pay commissions.
2) Influencers. There are plenty of smaller influencers who choose to partner with brands to help spread awareness and drive sales. Some of them will also receive payment for doing so, although the rates vary widely depending on the size of their existing network.
3) Social media managers. An increasing amount of businesses are hiring people specifically to manage their accounts on various social networks, helping them gain exposure to millions of potential customers every day. Often referred to as SMM specialists, these professionals typically offer paid training, support and guidance to clients.
4) Content creators. Many successful digital publishers create their own content, ranging from blogs to podcasts and everything else in between. Like influencers, they have massive audiences and can attract advertisers easily. However, unlike influencers, they usually won't accept payments for their posts unless they're endorsed by a product company themselves.
As discussed earlier, influencer marketing is becoming increasingly mainstream. Brands are now taking advantage of its power by partnering with these people directly, rather than trying to reach mass audiences via traditional advertising methods.
But is it effective? Well, yes and no. On paper, it seems like a good idea to take advantage of a platform where you already hold the majority of the attention. After all, who wouldn't prefer to advertise to billions of viewers versus tens of thousands? Unfortunately, this method doesn't always pan out.
For instance, research conducted by Forbes found that less than half of US millennials believe brands should target influencers exclusively. Instead, almost two thirds said they'd prefer to hear messages from people they personally knew. So while it's definitely possible to generate significant traffic this way, it's unlikely to produce results quite as impressive as regular ads would.
On the flip side, however, influencer marketing can sometimes increase conversions. One study by eMarketer revealed that nearly 40% of US teens are willing to purchase a branded item after watching a sponsored video. That's significantly higher than the average 18.9%, which suggests that these partnerships can certainly lead to better results than standard advertisements.
And finally, let's talk about ROI. When you run adverts with influencers, you're obviously hoping to land clicks and leads. But did you know that it takes roughly 30 seconds for someone to click on an advert before they convert? Which means that any revenue generated by these posts is going straight out of your pocket.
That's why it's vital to ensure that influencer marketing works alongside other channels and tactics to boost conversion rates. Otherwise, you risk wasting your hard-earned cash on ineffective campaigns.
Finally, it's important to understand what role social media plays in the world of influencer marketing. Although the phrase "social media influencer" has become commonplace, it's not entirely accurate. As explained above, these people fall under several different categories, each offering unique benefits for your campaign. To determine which is best for you, it helps to keep track of the differences between the terms below:
Social media manager. An individual responsible for managing multiple social profiles. Usually hired by larger corporations to handle customer service, community management and public relations duties.
Social media expert. Someone who uses social media platforms for personal reasons, perhaps to share lifestyle tips or connect with friends. Sometimes they're employed by companies to provide advice and insight.
Celebrity. Anyone recognised by the general public for their achievements, talents, hobbies or interests. They're generally chosen based on looks, personality and charisma.
Influencer. Similar to celebrities, except that they have followers across various social platforms. They're selected by brands to promote products, services and experiences in exchange for compensation.
A quick note here: While the terms "celebrities" and "influencers" both refer to people who appear on television, radio, film, print publications and other forms of media, the latter refers to a wider range of people who aren't household names yet.
Want to find out more about how to build relationships with influencers? Check out our guide on finding the perfect ones for your niche.
When choosing the correct influencer for your project, consider the following factors:
Do they have a wide enough fan base?
How active are they on social media?
Does the topic align with your website or blog?
Will they feature your product prominently?
Can you afford them?
Once you've decided on your ideal candidate, ask them to review your proposal. Make sure you spell out what you expect from them clearly, then listen closely to what they say. Once you're satisfied with their response, sign them up immediately!
Remember that you must remain flexible throughout the whole process. Don't try to rush them into signing up if they haven't responded to your initial email. Instead, give them ample notice and wait patiently until they agree to join forces. Also, you shouldn't try to force anyone to stay silent about your venture. Remember, they're free to speak out against it whenever they wish!
You'll soon discover that influencer marketing offers numerous advantages, especially if you plan ahead properly. Start building connections today so you can maximize your profits tomorrow.
Influencer marketing is a growing trend that's been around since 2015 - but it seems like every day we hear more stories of brands using celebrities as spokespeople or endorsers.
It’s not just big-name stars who can make this work - anyone can become an influential person online by sharing their knowledge on social media channels. But how does that translate into earning money from selling something else? And which products are most likely to be bought because they were recommended by someone famous?
We've put together some key points below to help you understand the ins and outs of becoming an influencer yourself - if you want to get paid to share your opinion on things. You'll also learn how to choose the right product to sell so you're making money off people buying what you recommend rather than promoting a competitor's product.
The good news is there are lots of options out there, and you don't necessarily have to spend years building up your own following before you start making money. We've rounded up all the major ways influencers earn cash today (including YouTube channels) and shown you where you could find the best places to sign up and begin generating revenue.
If you regularly post content online and attract thousands of views, then you probably qualify as an "influencer." Not everyone will agree with this definition however, especially those who think it means being famous enough to draw attention away from other bloggers. The reality is influencer definitions vary depending on context - here's our guide to understanding exactly how much clout you really have when it comes to influencing others' decisions.
In short, while you may well be considered an influencer based on your activity alone, you still need to consider whether your audience has any interest in your opinions at all. If you're posting about fashion trends, for example, you might end up attracting hundreds of comments from people saying 'I hate this look!' but few actually buy anything related to your posts. That would mean no one was influenced by your recommendations!
You should also take note of your reach - if you only have 100 followers, you won't be able to drive traffic to your website through Facebook ads, for instance. It depends on your niche though - if you focus on fitness, nutrition, beauty, etc., then your Instagram feed is likely to appeal to a wider range of people.
A quick search for 'best affiliate markets for influencers' shows you loads of opportunities for newbies looking to build their presence online. For example, you can join Clickbank's Influencer Program to offer discounts to its customers, or try Rakuten Advertising if you'd prefer to pay commissions instead.
Some sites allow users to create custom campaigns based on keywords or hashtags, allowing them to target certain audiences without needing to go after specific demographics first. There are even tools available to track follower growth over time too. Once you've got a solid base of supporters, you can use these stats to decide which products to feature next.
That number doesn't sound very impressive now, but it used to be quite hard to achieve back in 2013. With social media platforms such as Twitter and Tumblr offering free accounts, it wasn't long before anyone could set themselves up a profile and start publishing updates to their followers.
This meant it became easier to gain trust among fans, meaning companies started paying more attention to people with massive followings. At least two billion dollars worth of deals happened thanks to influencers in 2017 - and according to research firm eMarketer, this figure is expected to rise to $3.7 billion by 2021.
But it's not always easy to spot the true powerhouses amongst us. So how do you tell the real experts from the wannabes? Well, a good place to start is by checking out the number of likes each account receives. A high ratio of follows to likes suggests genuine engagement, and you're far less likely to see fake numbers posted simply to boost sales.
Also check out their overall reach - if they've managed to hit 1 million followers in a year, chances are they've done something right. To ensure quality, stick to established names in your industry and avoid trying to copy successful competitors.
Amazon makes it pretty simple to apply for its affiliate program, and once approved, you can select the type of products you want to sell. While you can pick and choose whatever you want from the site's vast catalog, you'll usually receive better results from choosing items with low competition rates as sellers. This way, you get to keep more profits for yourself.
Once you've found a few popular titles, you'll notice that each item page includes links to reviews submitted by actual buyers. These reviews give you insight as to what types of products resonate with different kinds of consumers, so you can narrow down your choices accordingly.
Another great thing about Amazon is that it allows you to split commission percentages with third party retailers. By partnering with trusted partners, you can increase your income significantly compared to working solo.
There are plenty of other reasons to opt for a tiered model of payment, including ensuring that your earnings stay consistent throughout the year and avoiding fluctuations in currency exchange rates. Check out our article to discover the benefits of multi-level marketing for more information.
When it comes to finding the perfect products to sell, remember to ask yourself the same questions you would a regular customer - what problems are they experiencing? What features will solve them? What sort of feedback are they receiving? Then compare your findings against the average ratings given on various review websites.
For example, let's say you wanted to sell skincare products and had decided to partner with SkinStore.com. On their homepage, you'd see several categories to browse through, including moisturizers, acne treatments, face masks, eye creams, and so forth. Each category contains dozens of subcategories with similar products listed underneath.
So if someone came across your link, they wouldn't immediately jump to the conclusion that you were recommending the top 10 skin care products ever made. Instead, they'd read through the list until they reached the point where they felt comfortable purchasing something.
They'd probably click on a couple of entries, perhaps adding them to cart and completing the checkout process before moving onto another section of the website. As you continue browsing, you can gradually add more products to your shopping basket as you feel ready.
Now imagine doing the exact same thing with a product you didn't personally endorse. In this situation, your readers would assume you were directly involved in the creation of the product itself... which just isn't possible!
Instead, you'd want to provide honest answers to common questions your potential clients often pose, such as: How did you come up with this idea? Who helped develop it? Why should I believe you? Is it safe to use? When should I expect my order to arrive?
These are all legitimate inquiries to answer, yet they're typically answered differently by different individuals. Your goal should therefore be to show prospective buyers that you're trustworthy and knowledgeable, rather than giving detailed explanations of everything that went into creating your product.
Ultimately, you want to convince shoppers that they can rely on you to deliver excellent service, and that your products are worth spending money on. If you already have a strong reputation within your field, you shouldn't have trouble convincing people to purchase from you.
As mentioned above, you don't have to be famous to be an influencer. However, if you want to stand out from the crowd and establish credibility with your prospects, you'll definitely benefit from joining the ranks of the world's biggest personalities.
To do this, you'll need to build relationships with other marketers - ideally ones whose expertise matches yours closely. You can do this via social networks, forums, blogs, events, email lists, and more. This will help you connect with likeminded individuals who are interested in learning more about your particular area of expertise.
Then, you can discuss topics relevant to both parties, helping you generate leads and grow your network. All you need to do is identify specific goals and objectives, and then craft a plan of action based on your strengths and weaknesses.
Of course, you don't have to limit yourself to business networking alone. Many influencers participate in activities outside of their main fields, including charity events, fundraising drives, competitions, and even blogging.
Whatever you decide to pursue, make sure you're putting in the effort required to succeed. Keep your eyes peeled for trending issues that relate to your interests, attend local meetups, and engage with people whenever possible. Soon enough, word will spread about your skillset and you'll soon be seen as a valuable contributor to your chosen community.
It's no secret that social media is one of the most powerful tools marketers use today. But there’s another type of online presence that may not get as much attention but is equally effective in helping brands build their business -- influencer marketing.
But while it might seem like just another buzzword or fad, influencer marketing has become incredibly popular over the last few years. In fact, according to research from ThinkWithGoogle, more than half (53 percent) of internet users say they trust recommendations from friends and family when buying products on the web. And since these days people buy almost everything through apps and websites rather than brick-and-mortar stores, this means that even if you don't personally know someone who uses your product, there’s still a good chance they will see your ad because their friends did.
And being able to tap into this trusted source can mean big things for your business. Not only does influencer marketing help increase sales, but it also helps reduce costs by cutting out middlemen such as search engine optimization companies. This makes it easier for businesses to reach customers directly without spending money on advertising campaigns.
So how exactly can influencer marketing work for your business? Let us show you!
You absolutely don't have to be an influencer to start an affiliate marketing campaign. While some people think otherwise, and claim that any person with a large following qualifies, this isn't true at all. If you're looking to create an affiliate marketing program, you should definitely look at the quality and size of your audience before signing up anyone new. The main reason why many people fail in affiliate marketing is due to lack of traffic, which happens to be the biggest problem in affiliate marketing. You want to make sure you pick partners wisely, so here are three ways to find influencers who'll actually drive results:
1. Check out reviews - It's always better to check out testimonials of influencers you'd like to partner with, especially ones who've worked with other companies already. For example, if you were planning to run an Amazon referral link campaign, you could check out customer feedback on products sold via Amazon to find potential candidates. Also remember to keep an eye out for sites where people share positive experiences using your product or service.
2. Do keyword research - Another great way to identify influencers would be to conduct some basic keyword research. There are several free tools available online that allow you to quickly analyze keywords related to your niche and competition level. A quick Google search should give you plenty of options, including Ahrefs' Keyword Explorer tool.
3. Look for content creators - One of the easiest ways to find influencers is simply to ask around your existing network. Someone recommended me recently, and I was very happy to hear about it because she had been providing excellent content for my readers. Of course, finding influencers outside of your own circle isn't difficult either. Just head over to ClickBank, ShareASale, CJ Affiliate, Rakuten Advertising, eBay Partner Network Inc., etc. and browse through their lists of top earners. These platforms host thousands of active members each month who earn cash every time they refer others.
There are hundreds of different kinds of influencers, ranging from celebrities, bloggers, vloggers, YouTube personalities, Instagrammers, and more. So let's take a closer look at the different types of influencers and figure out whether you should consider partnering with them.
The term "affiliate" refers to the individual selling a particular item; however, the definition of "marketing" is broader than just promoting items themselves. When we talk about marketing a certain company or website, we usually refer to paid ads, sponsored posts, email marketing, SEO services, and so forth. However, if you wanted to advertise a specific product or service, you wouldn't necessarily need to hire an influencer. Instead, you can go straight to the source yourself. After all, this is what influencer marketing really boils down to.
While everyone agrees that influencer marketing is extremely beneficial, it doesn't automatically follow that you must sign up an influencer to benefit from it. Most successful affiliate marketers started off by self-promoting their own stuff first. Influencers tend to focus on sharing useful tips and advice instead of hawking something else, hence making them ideal partners for those starting out.
If you decide to pursue influencer marketing, though, it's a good idea to choose carefully. As mentioned above, you shouldn't choose based solely on follower count or popularity alone. To avoid losing credibility among your current subscribers and fans, stick to reputable influencers within your niche. Remember that it takes time to gain trust and authority, so try reaching out to people who've proven themselves reliable in your field.
The number of followers you have depends largely on how much exposure you provide to your target audience. Generally speaking, bigger audiences demand higher payouts, but it's worth noting that the payout percentage differs depending on your industry.
For example, in ecommerce, 50k+ monthly unique visitors receive 80% commission, whereas smaller audiences receive 70%. On the flip side, in B2B software, 100+ daily visits receive 75%, whereas fewer visitors get 65% commission.
In addition, you should also factor in the cost of running your campaign. Some influencers charge per post, meaning you need to write enough articles to cover the price of your entire campaign, while others offer tiered pricing models that depend on the amount of impressions delivered.
Influencers come in four major categories:
1. Celebrities
These individuals enjoy massive fame across multiple industries. They often use their status and clout to endorse products they believe in, and sometimes even appear in advertisements alongside them. Examples include Justin Bieber, Kim Kardashian, Taylor Swift, and Miley Cyrus.
2. Experts
This category includes people whose professional knowledge and expertise allows them to speak highly about products they recommend. Their opinions carry weight, and they are often sought after for endorsements.
3. Social Media Stars
People who regularly interact with viewers on social networks are considered part of this group. Popular figures like Ellen DeGeneres, Amy Schumer, and Serena Williams fall under this category.
4. Blogging Powerhouses
Writers who consistently produce high-quality content are given special recognition. To qualify, they need to maintain a steady stream of original content for months on end. People like Pat Flynn, Michelle Schroeder-Gardner, and Mark Suster belong to this demographic.
As you can see, choosing the right kind of influencer for your needs is crucial to success. Once you've chosen your candidate, how do you ensure their loyalty? Here are 3 simple steps to help you achieve it:
1. Be transparent - Don't hide behind misleading titles or vague descriptions. Your audience deserves full transparency regarding what you're offering them, and you should never lie to them. That goes double for influencer partnerships. Since you're dealing direct with your clients, honesty is paramount. Make it easy for them to contact you and stay away from shady tactics.
2. Provide value - Your subscriber base won't care about your affiliation unless you deliver valuable information. Offer helpful tutorials, guides, and resources that demonstrate your commitment to the community. By doing so, you encourage them to continue reading and interacting with your blog, thus ensuring their ongoing support.
3. Build relationships - When possible, invite influencers to events or conferences. Invite them to meetups or workshops on similar topics to yours. Showing your appreciation shows your gratitude, and it builds rapport. Even better, you can send gifts whenever possible, such as pens, stickers, T-shirts, coffee mugs, etc.
Now that you understand the basics of influencer marketing, how do you go about creating such a partnership? Keep reading below to discover 5 essential elements of building long lasting connections with influencers.
Strategies for getting influencers to promote your brand
Once you've found the perfect fit, it's time to put together a plan for convincing him/her to promote your brand. Remember that influencers aren't going to jump at the opportunity to sell anything without proper compensation. Therefore, you'll need to offer them both incentives AND benefits to participate in your promotion. Here are five key points to keep in mind when putting together your strategy:
1. Give Them Something Back - Providing rewards for participation is critical. After all, why would anybody agree to promote your brand if they weren't going to get something back in return? Depending upon the nature of your relationship, you may offer them extra commissions, discounts, early access, or whatever suits your needs.
Just follow our battle-tested guidelines and rake in the profits.