Having influencers from different backgrounds, interests, shapes and sizes increases the relatability quotient for consumers. Many B2C brands have shifted their focus from traditional brand ambassadors to influencer marketing as their core strategy. This transition is driven by the recognition that influencers provide a better fit for everyday interactions, amplifying a brand’s message and gaining social support in the process.
Influencer campaigns are driven by specific goals, such as brand awareness, consideration, purchase or loyalty. For brand awareness, the focus is usually on reach, while consideration requires engaging content that informs and intrigues the audience. Purchase-oriented campaigns use clear calls-to-action such as “Shop Now,” “Link Clicks,” or coupon codes. Loyalty campaigns, on the other hand, aim to build a long-term community of advocates who consistently talk about the product, encouraging ongoing engagement instead of one-time transactions. Key Performance Indicators (KPIs) for influencer marketing campaigns often revolve around measuring cost per view (CPV), cost per reach (CPR) and click-through rate for campaigns that include website links.
The sphere of influencer marketing is experiencing rapid growth, especially in developing markets like India. Evaluating the suitability of an influencer for a brand involves looking at several parameters: the authenticity of their content; the ratio of branded to non-branded content they produce; their frequency and genre of publication; as well as understanding their tone and audience demographics. By examining these parameters, brands can ensure a seamless alignment between their values and those of the influencer.
Fascinatingly, this trend extends across borders, with regional and hyper-local segments emerging as powerful players. It should be noted that most content consumers belong to the Gen Z demographic known for their voracious appetite for content.
Evaluating the value of their spend involves a comprehensive assessment of factors such as views, engagement levels and alignment with the brand’s ethos. Any brand collaboration requires a contractual agreement meticulously outlining the influencer’s obligations, mandates, guidelines, brand conceptual framework, deliverables and payment methods.
In addition, a larger campaign concept for television commercials (TVCs) followed by social media campaigns involving a diverse set of influencers in different languages, categories and regions across the country can be developed. With careful planning and consideration, influencer marketing occupies a significant position in the advertising funnel.