As an ever-growing marketing strategy, influencer marketing is becoming more and more popular. For good reason, too! Done well, it can be an incredibly effective way to reach a wider audience with your message. However, there are a few myths floating around about this type of marketing that can lead businesses astray. In this blog post, we’ll dispel five of the most common influencer marketing myths and help you understand how to make this approach work for your business.
1. Myth #1 – Influencer marketing is all about celebrity endorsements
Influencer marketing can be a great tool for brands to harness the power of an influencer’s following and help them connect with their customers. It is not just about celebrity endorsements, though these do play into it – marketers need to look no further than top-tier social media stars such as fitness guru personal trainer Katy Perry or makeup artist tutorial creator Charlotte James
Famous people often have large followings on platforms like Instagram where they share images that are frequently liked by others in addition to having followers who subscribe automatically due t0 sharing content related specifically around topics relevant to what this particular person specializes within (e..g., cooking). This allows companies wishing to establish themselves quickly while targeting specific demographics to become popular in short periods of time.
By being able to say they are endorsed by someone, companies can also borrow their credibility. This is an important consideration as many people now look at who is linking to a website or endorsing it before taking any action which means that marketers have less time than ever before to make a positive first impression.
2. Myth #2 – Influencers only work with big brands
This is far from true! Influencers are regularly sought out by big brands, but they also work with smaller companies. Brands like Target and Adobe have created campaigns that connect directly to their customers through social media personalities as part of an effort called “Target’s New Spot.” This idea was met positively among many shoppers because it allowed them access to the company without any added pressure or hassle – something people want nowadays more than ever before (especially millennials).In fact, a study published by Variety has revealed that nearly half of social media users would buy from the brands they follow. It even goes an extra step further and says that 40% of those polled have friends who have made purchases based on what they see on their favorite social media site.
The reason this form of marketing works so well is that it takes the pressure off of the customer to find a solution for their problem. Instead, a company can work with a social media personality that shares a “like-mindedness” with their followers and have them create content from the perspective of someone who is already interested in what it has to offer. Additionally, by working with someone who is well-known, a company is able to instantly gain the trust of their followers. This builds up brand authority and gives customers the sense that they are part of an exclusive group that has access to something unique.
3. Myth #3 – Influencer marketing is expensive and difficult to execute
According to some influencer marketing experts, the best time for an organization’s first campaign is when it reaches its peak. This allows these companies and brands a chance of tapping into new customer demographics that they may have never been able otherwise due solely on pricing or lack thereof in terms of goods available at any given moment which has to led many marketers towards believing this notion anyways considering how expensive things can get if we’re not careful about where our money goes! So who are these influencers? Well, they’re people! People with large social media followings can help you reach many more potential customers than would be possible otherwise. This also includes well-known celebrities that have an immense following in terms of their social media profiles, but the only difference is the price tag attached to each of them which might range anywhere between $5,000 and $20,000 depending on who they are, what type of products/services they’re endorsing and where in the world they reside.
Recent surveys cite influencer marketing as one of the most effective strategies for advertising both new or established brands with at least 96% of marketers considering it to be an effective technique to get the word out about their company/products. According to these same surveys, influencer marketing has been used by more than half of all marketers in order to boost the impact of their work and increase awareness levels of their brands which is almost always a good thing!
If you have a huge social media following, it is because of your hard work on the platforms. It takes many hours and dedication to gain these followers from scratch!
This Myth has been debunked – there’s no need for an oversized audience when they can’t even give proper content or engagement with their posts as some blogs do not receive enough views/likes which means little to nothing in return on investment by way too high standards (especially if those numbers pale compared what was expected).
5. Myth #5 – Influencers are only interested in money and free stuff
Influencers are interested in many things, including money and free stuff!
The misconception that influencer marketing is all about the monetary value of compensation has been around for years. However, it’s easily debunked when you look at how many other benefits social media celebrities enjoy from their relationships with brands – like increased brand loyalty or better conversions because people trust what they say on camera more than anyone else (including the traditional press). Influencer marketing agency Mumbai can help your brand to grow.
Conclusion
While celebrity endorsements can be a powerful tool, they’re not the only way to use influencers. In fact, working with smaller or less well-known influencers can often be more effective because their followers are more likely to trust them. And contrary to popular belief, influencer marketing doesn’t have to be expensive – there are plenty of free and low-cost tools and platforms you can use to find and work with influencers. So don’t let these myths hold you back from trying out this growing marketing trend. Do some research and find an influencer who’s a good fit for your brand, and see how much success you can achieve together!
