5 situations when influencers do not completely suck
5 situations when influencers do not completely suck
We always approach marketing trends with a skeptical eye and a triple measure, and influencer marketing is no exception. While some cannot imagine a future for brands without influencers, both live and virtual, we keep our enthusiasm in check. With a healthy dose of skepticism, we have summarized situations where influencers can truly bring business success. Yes, eventually, we found a few. Does this apply to you? Read on!
When does it make sense for a brand to collaborate with influencers?
Let’s get straight to it. Here are five situations when you might consider contacting your favorite influencer.
1. When you need to increase reach with a small budget
Collaborating with an influencer is an effective way to achieve a broader reach in your target group (thus increasing brand awareness), even if you are a startup with a small advertising budget. The prerequisite is of course a product or service attractive enough to convince an influencer to accept a barter or lower fee. In this context, some talk about influencers as a catapult that launches startups to their first customers.
2. When you want to reach younger generations (Gen Z, Gen Alpha)
These generations tend to trust content that is authentic and non-commercial. Conversely, they exhibit skepticism and aversion to advertising messages. Some even hardly open Google search and base most of their purchasing decisions on recommendations from influencers and creators on TikTok. If a large part of your target audience consists of these generations, you could consider engaging influencers.
3. When you need to create instant buzz
Short-term influencer campaigns are ideal for special events in your brand’s life, such as product launches. They create buzz among the target audience and support the trial of a new product.
4. When you have a niche target audience and no research
Sometimes influencers understand their audience better than brands understand their target customers. They know which type of content is not only relevant but also resonates on a deeper level. If you do not conduct market research, do not organize focus groups, and are not in daily contact with your customers, then an influencer can help you keep your finger on the pulse of the times, even in a very specific or dynamic segment.
5. When operating in a regulated segment
Collaborating with influencers may be one of the few ways to promote products in a regulated segment that otherwise does not allow paid advertising on social media. This is somewhat of a gray area, which can be utilized by brands with CBD products, electronic cigarettes, etc.
Paradoxes of influencer marketing
For an influencer collab to be really effective in business terms, two things are crucial. Yet they often contradict each other: the influencer’s reach and their authenticity.
The need for reach is obvious. Brands grow by regularly addressing the largest part possible of their target audience. And why is authenticity important? On social networks, first and foremost we all want to be entertained or educated, and if a brand’s message is overtly commercial, we automatically skip, scroll, and mute it. This is especially true for younger generations, who excel at ignoring advertising messages. Brands need to find ways to reach consumers on networks in a subtle or at least authentic manner – simply put, in a way that consumers are willing to pay attention to and from which they can feel positive emotions. Ideally, influencers and creators allow brands to do just that. Ideally, they also have an aura of authority that can influence the opinions, behaviors, and decisions of their audience. Particularly younger consumers trust them and consider them relevant sources of information that guide their consumer behavior.
Often, however, it ends up other than ideal – collaboration with an influencer is overtly commercial and lacks authenticity. If it is obvious that the product or brand does not really suit the influencer, it won’t be successful among fans and will lead to a loss of trust in both the influencer and the brand. The same applies to versatile influencers who promote everything that comes their way, from collagen to plastic surgery clinics. This often happens especially with larger influencers or celebrities, who are exploited by a large number of brands due to their extensive reach. Here, the reach and authenticity of communication do not work together.
Authenticity and credibility are, after all, things where influencers often have a weaker reputation than plain money-driven businesses, as demonstrated, for example, by Mark Ritson in his juicy experiment. A brand seeking suitable influencers balances primarily extensive reach with authenticity and trust in the influencer. And of course, the budget comes first. The solution for extensive reach while maintaining authentic communication might be so-called raids – at one moment, you select a larger number of small, specialized influencers or experts on a particular topic.
Setting up your influencer marketing strategy
Creating an effective influencer marketing strategy starts by setting goals. Do you need to build brand awareness in the long-term? Increase sales? Or create a short-term buzz around a new product? Your goals will determine the form of influencer collaboration, ranging from brand videos to influencer events to discount codes. At the intersection of goals, target group, brand image, and budget, you will find names worth approaching. It is crucial to select influencers whose values, content, and style align with your brand image.
The next step is to integrate influencer marketing with your marketing strategy and, ideally, create a comprehensive campaign with a broader media mix.
In the creative process, give influencers and creators freedom. Trust that they know their followers just a bit better than you do and that they have insights you have not yet gained from any research. Therefore, give them free rein and just ensure compliance with the main values of the brand. Authenticity and creativity are the main pillars of a campaign’s success.
And what comes in the end? What else than measurement. Choose KPIs as close as possible to your objectives: for the objective of building a brand, your KPI will be the influencer’s reach in the target group; for the goal of increasing sales, it will be conversions. The fewer KPIs and objectives monitored, the better for your results. Learn from the results and contact us for collaboration.
Why 90 % of brands fail on social media
Why 90 % of brands fail on social media
We will break basic copywriting rules and tell you the answer right in the first sentence: 90 % of brands fail in brand building on social media because they focus on engagement, rely on organic reach, and do not have nor use brand elements. Ultimately, they do not stand a chance of reaching a larger part of their target audience and creating a memorable message. Classic plot twist: we know how to do it right and effectively. In this article, we reveal a large part of our social media brand building know-how. We talk about four basic tactics and how to update and adapt them to today’s environment. We draw primarily from the teachings of Byron Sharp, Jenni Romaniuk, Les Binet & Peter Field, and the social agency Born Social.
4 timeless tactics for brand building on social media
1. Growth through market penetration
If we’re talking about brand growth in terms of market share growth, then the key is to regularly address the largest possible number of people within the target segment. In the past, brand communication was often limited to building relationship with loyal customers, based on the belief that retention and repeat purchases are cheaper from a marketing cost perspective than acquiring new customers.
However, current marketing knowledge and research from the Ehrenberg-Bass Institute show that market share growth is very difficult to achieve without strong acquisitions and gaining new (predominantly disloyal and occasional) customers. Therefore, it makes no sense to try to increase the loyalty of existing customers or to win customers from competitors, as they only represent a percentage of the market. Instead, brands should focus on gaining customers who have not yet bought from anyone in their category.
What does this mean for your social media strategy? Focus on the right ad settings—optimize ads for reach and set broad targeting for the largest possible impact in the target segment. The goal is to reach about 70% of your target group through social media advertising platforms.
Source: How Brands Grow, Byron Sharp: Ehrenberg-Bass Institute for Marketing Science
2. Balancing brand and activation
The need for quick results, which especially pleases your CFO, often leads to prioritizing activation / sales communication on social media. However, research by Binet and Field shows that short-term sales increases do not lead to long-term brand growth. If you want to build a brand that grows over the long term, you need to focus on increasing mental availability.
Even from the perspective of the buying cycle, it makes sense to combine activation and brand communication. Up to 95 % of the market (including your potential customers) currently (or at any randomly selected moment during the year) are not thinking about purchasing the selected product or service, and you have no chance to convert them into your customers. For them, you try to build the brand’s mental availability so that when the need arises, your brand is one of the first that comes to mind. The remaining 5 % of the market, who need your product right now, you try to persuade through sales communication.
What does this mean for your social media strategy? Divide resources between activation and brand communication, thus balancing short-term and long-term marketing goals. The ideal budget split between activation and brand varies between categories, but as a golden ratio averaged across market segments, it is 60:40 in favor of brand communication.
Source: The Long and the Short of it: Balancing Short and Long-Term Marketing Strategies, Les Binet & Peter Field
3. Distinctiveness, under all circumstances
According to current knowledge in marketing and consumer psychology, consumers actually do not distinguish much between one brand and another, and strong brand loyalty is often a fictional phenomenon. Larger brands compete with each other primarily for mental availability (who comes to mind first in a purchasing situation). Therefore, brands should not try so hard to convince consumers that they are better than the competition, but instead work on creating a stronger mental availability (everything that is associated with your brand in the consumer’s mind) than the competition.
In this regard, creativity in communication is crucial to overcome people’s indifference to ads. However, we also want to talk about brand elements here—visual or auditory elements that are uniquely associated with your brand and distinguish it from the competition. They facilitate the brand’s journey into the viewer’s mind, help improve its memorability amid a flood of advertising messages, and over time, help build mental availability. This could include a logo, slogan, jingle, colors, brand face, and more.
What does this mean for your social media strategy? Clearly define your unique brand elements (different from the competition) and use them consistently across all communication (not just social).
4. Shared perception of the brand
Strong brands are those that have their place in social culture and are perceived the same by all their members. According to Kevin Simler’s theory, advertising works through cultural imprinting – a collective understanding of what the brand means and what values it represents. Thus, brand building is not just about influencing individuals but also about creating a collective image of the brand that emerges from a given culture. Think of cultures in this context more in terms of interest groups or smaller subcultures on social media.
What does this mean for your social media strategy? Identify your culture (there may be more than one within your target group) and get to know it closely. Study its typical behavior, including the best insights and jokes.
The environment is changing, 4 brand-building tactics persist – almost
It might seem that digital simplifies and democratizes marketing communication; even with a smaller budget and without a hundred-page strategy, even small brands can find effective ways to build their mental availability. On the other hand, digital also brings a significant challenge that becomes even more pronounced over time (along with the growth of social platforms and the number of users registered on them).
The challenge is the decentralization of communication; simply put, digital takes some influence away from brands and gives it to communities. Brands thus transform from monolithic entities into a collection of scattered fragments, often lying outside their direct control. In such an environment, maintaining consistent communication and a coherent brand image becomes a significantly more complex task and requires a new interpretation and application of the four basic tactics for building a brand on social media.
The way forward: brand building of the future
Tactic: growth through market penetration (broad reach)
Challenge: Brands compete for user attention, which is increasingly becoming a scarce commodity. With the growing number of platforms and brands present on them, user attention steadily declines, and they become immune to advertising messages.
The way forward: Reach users through multiple contact points. Utilize a mix of different social platforms and their specific visual formats, which together work synergistically and support each other in creating mental availability.
Tactic: balancing brand and sales
Challenge: perceiving brand-building and activation as competitive activities that vie for the marketing budget and operate separately, if not oppositely. In this regard, there is an increasing push for quick results (also in connection with economic uncertainty) and a reluctance to invest in long-term brand-awareness, which will deliver results over the years.
The way forward: Apply the principles of marketing effectiveness, that is, the integration of brand and activation communication across the entire marketing funnel, so that they work synergistically. Specifically: testing, scaling, and analytics for brand communication; and conversely, storytelling and emotions in activation communication. Select effective formats and channels for both lines of communication. Utilize social commerce tools for activation.
Tactic: distinctiveness and brand elements
Challenge: For brands, it is increasingly difficult to maintain a consistent presentation in the environment of social networks, which also gives a strong voice to consumers and influencers. The brand image is no longer created just by what the brand itself says and how it presents itself, but also by what others say about it and how they present it.
The Way Forward: Ensure consistency in brand presentation using soft power—subtly guide consumers and influencers in the desired direction. Use product elements instead of brand elements.
Tactic: shared perception of the brand
Challenge: the rise of a huge number of smaller and very specific subcultures with which consumers identify.
The way forward: Identify your own subcultures to which the brand speaks and their typical cultural codes (language, insight jokes, aesthetics, etc.). Build brand communication based on these cultural codes and the values of the subculture.
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Evil digital buzzwords
At times, it may seem that marketing is changing so quickly that what was true yesterday is no longer true today. However, it is really just an illusion. The same way the television or radio are not dead, neither is the consumer of 50+ of age – on the contrary, they are getting stronger and the disproportion between their purchasing power and their use for targeting advertising campaigns is getting weaker. Neither consumption habits nor patterns of buying behavior have died, nor have they fundamentally changed in many respects. The Top Four Dumb buzzwords came into the selection.
#DigitalFirst
Building your marketing strategy on the principle of digital first is like the first page of a detective story to reveal who the killer is. Instead of the word “digital”, mobile, social media and the likes can be less or more confusingly installed.
The choice of strategy and channel occurs only after you have decided which segment you target within the market you operate in and what your brand's position is against the target segment. An honest marketer will first find out what the situation is in a given market/category and if the skeleton is hidden in the supply-side closet. Subsequently, through research, the marketer identifies how a company or brand stands within a given category; prepares a marketing strategy in which he/she decides on what segment will he/she target and how the brand stands against the selected segment. Finally, he/she quantifies marketing goals, an example of a nicely set goal is to increase Brand preferences by 15% in the biomother segment by Q3 2020 and to match it with an estimated increment in sales. Ultimately, the time comes to decide whether and what ad platforms on Google or Facebook will you use.
Jumping on all the new and sparkly is exactly what advertising, in the newspeak parlance “technology”, giants want from the advertisers, but it often has nothing to do with what companies/brands really need.
The strategy, as a result, should be quite simply explainable for non-marketers. However, this does not change the need to make considerable efforts in its creation. The effectiveness of marketing communication, unfortunately, is dropping steadily and dividing communication on digital and non-digital contributes to this. As evidenced by the annual Effie show, the most successful campaigns are those integrated ones, which are based on a marketing strategy.
#Ads
Communication is just one of the components of marketing, and very often the least important one. If you have a quality product, the customer has no problem to get it, and at a price corresponding to quality, quite possibly with no communication bypass. Sure, with good advertising, it will go faster and you will outperform the business plan, but if communication is to compensate for the non-competitive component of the product/price/distribution, you'd better sharpen up. Someone who identifies themselves as a marketing specialist should be able to alert you to any shortcomings and work with them. However, it often happens that when you show your problem to a digital specialist, they suggest you campaigns in Google Ads. If you show the same thing to a social media specialist, they suggest addressing it via Facebook.
Usually, everyone considers themselves a marketing specialist, but not one usually understands anything beyond the servicing of their learned advertising platform. Communication will not save you and if product, price or distribution are getting jammed, the last thing the company needs is communication. Too much attention is being paid to debate over formats and channels. If someone describes themselves as a strategist and with a proud pre-label Digital, Social Media, SEO or PPC, there is no solution to the problem in sight.
So should companies ignore digital advertising? Sometimes yes, sometimes no. It depends on a lot of things that digital specialists don't know they don't know. In presentations from Facebook and Google, they simply don't know much else, and it's often their only marketing awareness. If business doesn't go as planned, communication and digital advertising may not help.
#Lovebrand
Customers do not have an emotional relationship with brands and do not create romantic ideas about them. The vast majority of consumers don't care about brands, and if a majority ceased to exist over night, only 19% of consumers would mind.
Even those brands that are considered to be lovebrands, tend to have a low proportion of their sales generated by the most loyal group of customers. Byron Sharp reports that for the Harley Davidson brand it is less than 10%. The level of loyalty to the brand is then much more significantly linked to market penetration, the larger the market share, the greater the loyalty to the brand. The emotional attachment to the brand didn't change much about the results. The excess of communication activity towards heavy buyers and the neglect of communication towards non-customers then leads to a falling market share.
A classic example of an inappropriate approach to targeting is reaching out to fans on your Facebook page for engagement, which has been refuted many times by Facebook itself.
A strong brand is among the most important goals of and for every marketer and the ultimate mission of advertising is creating strong brands. However, you need to keep your feet firmly on the ground and not to create irrational ideas about the behavior and motivations of customers. Each brand should strive to achieve the highest possible values in standardized brand metrics. Anything beyond that belongs in the realm of illusions.
#ROI
ROI is a metric that gives a nice picture of efficiency. But, as a rule, it provides a poor idea of the effectiveness of marketing endeavors. In terms of approaches, the ROI is equivalent of performance marketing, which generates quick results, gives an illusion of cheapening of the marketing investment, and creates the impression that funds are invested efficiently. Unfortunately, this is only true in the short term. In the long run, both an over-oriented ROI metric and performance marketing are both highways to hell. As anywhere else, a quick and easy way is usually the least suitable. Deciding purely on the basis of ROI metrics leads to short-term goals that will destroy the company and the brand, in the long run.
Is there a light at the end of the tunnel?
Byron Sharp compared the situation in marketing to medicine in the Middle Ages – bloodletting had been a common practice for several centuries. Similarly, today in marketing, practices that do not rely on empirical knowledge are tested, and in the field there are active people who do harm to it and actually do not even have the qualifications for the performance of the profession. On the other hand, companies that don't pop up on buzzwords, understand the marketing craft, and don't get themselves bamboozled, get even better results then. And that's not a bad vision.
When marketing is a cost centre
Or how the marketers became paper salesmen and the key competences on the company direction took over their colleagues from other disciplines.
It happens to the more experienced, too, that we let ourselves manoeuvre into the situation in which we talk about a marketing budget long before it can be defined how much our funny colleagues-marketers contribute to our business target. It originates from the times not long gone when some marketers could dream as they liked, as they had a very little say in key decision making, and every penny, they wished to use to prepare a dinner for key customers, photo shoot or PPC campaign, had to lengthily argue over with the real management.
Transition to zero-based budgeting is stressing, in any case. To wake up one day to find out there isn’t a penny for marketing available. No allocated budget with comfortable cushion for four decent campaign and few small ones. Along with a continual budget for social networks, PPC, graphics, copyrights, CMS, radio and something for smaller productions. And suddenly not a penny more. At least, one can only blame themselves. Finally, to take the plunge and make a long postponed resolution lying in one’s head come true. Also to smash this idea of some colleagues that the company could thrive and grow, even if there were no Facebook, Instagram, Adwords or YouTube.
And outright count with the fact that like all ambitious plans, not all can be done in time, originally dedicated to it. You know, to get the key people from all departments together at company parties and what more, to provoke a little bit of activity in them is no fun. It will happen, after all, in days or more likely in weeks later. By that time, not only a larger part of company roughly knows, but also believes that the marketing has actually quite crucial relevance for company’s functioning. Still, a primary goal is something slightly different. The primary goal is start investing money into the marketing, not spending. In short, to know very well which marketing activity contributes to the business targets which originate from the company’s get-togethers. To plan campaigns with a clear awareness of what leads where and what sense it makes. To define not just in outlines, but with full knowledge of what marketing activity can help the brand metrics, how these brand metrics will in a long-term plan transform into the business results. To establish, along with this all, what marketing channels one uses and what value for money ratio one achieves.
Everyone somewhat guesses how did we get to beforehand planned marketing budgets, back then. Like with many other things, it all comes to the mental laziness, comfiness and laziness, again. To change things, you know, when they work has been always tricky. On the other hand, this is the way how the marketing department becomes a cost centre in the eyes of people from other departments. A centre that delivers on average, consuming resources above average.
And even if we wouldn't mind it for some time, we would find it a little bit sad if we suddenly found ourselves being unwanted, quietly tolerated and sadly insignificant.
So hit it hard and perhaps you’ll find out that the zero-based budget can result in even bigger budget!
Marketing ≠ communication
Everybody knows marketing communication. However, do we really have to consider it as the only important part of marketing?
What marketing is and is not.
Great deal of us read some marketing definitions at college or university and then passed respective exams. These marketing theory definitions have been with us for more than fifty years, so we will remind you of them.
According to the American Marketing Association, marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Keisha M. Cutright, Assistant Professor of Marketing at The Wharton School in Pennsylvania, USA, says that we can consider marketing as an independent organisational unit or as a set of processes focused on understanding the customers and meeting their needs.
Among these issues, there belongs often a decision about what products to make, where to sell them, how to promote them and what are their prices.
Although these principals are more than fifty years old, as mentioned above, nothing about them has changed still. It is not primarily about the product, as many think, it is about the customers and their needs.
That is why we need to realise one thing, closely related, that marketing ≠ communication.
What is communication?
Communication cannot be described simply as an advertisement (ATL, BTL), digital, PR, events and much more. It is a vital part of marketing, the most visible one, but it is still only its part. The communication itself is preceded by a lot of important work that matters in practice the most.
Why is it wrong?
Our little marketing pool mostly tries to figure out what campaign it is doing with no worked out segmentation, knowing nothing about the customers’s motives, not thinking about the product itself, its price, and without a proper strategy to roof it all up for a period longer than the actual three month campaign. Unfortunately, then it happens that the campaign is nice, but useless. Business either stagnates or even goes down. The market share doesn’t move or we even plummet. As we don’t execute surveys, we don’t know if the brand awareness is going up or down, not to mention other useful metrics. And one of the reasons is our approach when we do only communication.
Is it because of the fact that other parts of marketing are boring, or they are not seen, and then we have nothing to boast about at the conferences? Or there is a large number of agencies and they make their clients simply do? Or the Czech marketers don’t have such know-how and have now idea how to work with marketing?
The reasons will be countless, which we can study indefinitely, or we can inspire ourselves by successful approaches, proven in practice and yielding results. Mark Ritson promotes one such interesting approach.
What does such strategy looks like?
Mark Ritson is a professor Adjunct Professor of Marketing at Melbourne Business School, a marketer, who has experience with working for the biggest brands (LVMH, GSK, Pepsico etc.).
Last but not least, he is an excellent speaker who can get attention even from the biggest sleepers of marketing events through his presentations and appearances. To simplify, we can describe this marketing approach in three steps. Analysis, strategy, tactics.
Analysis
The basis is understanding the market and creation of segmentation. Segmentation is not targeting. Segmentation has nothing to do with brand or society. Segmentation can be described as an objective classification of target audiences in the market. Interesting enough, if the competition has the same target audience and does it all right, the same segmentation is achieved. At this stage, we have to find out too, what the customers think. We begin with quantitative research, and the acquired data then verify with qualitative research. Let’s forget what we marketers think and let us listen to the customers.
Strategy
The magical word “strategy” is to mainly define what we will and we will not do over next twelve months. How we will aim based on each segment (typical mistake is - we aim at all). We must set narrow but distinct positioning within the market, coming from where we will stand firm or where not, and what is our goal to represent to the consumer. Lastly, we set clear, measurable, strategic goals for a period not longer than twelve months. At the same time, we can use three simple questions - Who? What? How?
Tactics
Final part of marketing concerns the product development, price formation, distribution and then our favourite discipline - communication. Here we must add, mathematically the communication is only eight percent of marketing. On the top of that, at the end of the whole process. Every area is clearly defined and builds on previous steps. Practically, we can say we still do marketing without communication, and it even delivers. The most important about it is that if we mess up step one or two, we do such communication in vain, as it won’t simply work.
Conclusion
This approach is not an easy one, it requires much work, much persuasion, be it the colleagues, superiors and many other people from the industry who will stubbornly claim that communication = marketing. Let us use follow the principals defined decades ago and are constant. Everything is about the customer, their motives and the ways how to meet their need.