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5 Things to Consider When Launching
Influencer Marketing Campaigns
Brent Csutoras, LLC
brent@csutoras.com
Brentcsutoras.com
#SEJThinktank
@brentcsutoras
Brent Csutoras
Brent Csutoras, LLC
brent@csutoras.com
Brentcsutoras.com
#SEJThinktank
@brentcsutoras
What is Influencer Marketing?
3
Influencer Marketing is where you identify and engage with
people who have the ability to get you, your product, or your
service a lot of visibility, engagement, and conversions.
#SEJThinktank
@brentcsutoras
What is Influencer Marketing?
4
Influencer Marketing has become
a career path for many, especially
for kids who have grown up
watching Influencers… I want to be a
YouTuber!
#SEJThinktank
@brentcsutoras
Is Influencer Marketing Effective?
5
▪ 70% of teens trusted influencers more than
traditional celebrities
▪ 4 out of 10 people say influencers understand them
better than their friends
▪ 6 out of 10 people said they would follow the
advice of an influencer on what to buy
▪ 49% of people rely on influencers for product
recommendations (56% rely on friends)
▪ 40% made purchases online based off
influencer recommendations
#SEJThinktank
@brentcsutoras
Is Influencer Marketing Growing?
6
▪ +1,500% increase in ‘Influencer Marketing” searches over last 3 years
▪ Market expected to grow from $2 Billion in 2017 to $10 Billion in 2020
▪ More people are using Ad Blockers (40% laptops, 22% mobile)
▪ The return on investment in influencer marketing is far outpacing any traditional medium
#SEJThinktank
@brentcsutoras
Finding Influencers. -- the ‘Right’ Influencers!
7
#SEJThinktank
@brentcsutoras
8
Finding Influencers. -- the ‘Right’ Influencers!
Viral Nation recently commented that they
have not been asked to run a Snapchat
campaign in years.
But.. Why#SEJThinktank
@brentcsutoras
9
Finding Influencers. -- the ‘Right’ Influencers!
These channels provide a
personal look at the Influencer
and their daily lives…
• Video feels personal
• Stories feel personal
Pew Internet Study
#SEJThinktank
@brentcsutoras
10
Not All Influencers have Influence
▪ You need to find Influencers who would actually use
your product / service
▪ They will talk about it better
▪ Their audience will be more likely to purchase
▪ They will continue to talk about it and more
▪ Who is really personalizing themselves?
▪ Natural vs Obvious advertisements?
▪ Off Brand advertisements?
▪ Normal vs Advertisement post volumes
Scott Disick
#SEJThinktank
@brentcsutoras
11
Some Influencers Influence Influencers
▪ If you can, go for someone big and who is is a
leader in your space
▪ Influencers look up to bigger influencers
▪ They are more likely to work with you if
someone bigger already has
Say That 3
Times!
#SEJThinktank
@brentcsutoras
12
The Cost of Influencers
#SEJThinktank
@brentcsutoras
13
The Cost of Influencers
• Micro-influencers (10k to 50k) = $250 to $1,000
• Influencers (50k to 250k) = $1,000 to $5,000
• Influencers (250k to 1 mil) = $5,000 to $10,000
• Influencers (over 1 mil) = $10,000+ and depending on the campaign up
to $250k
• Selena Gomez = $550k per post
• Kim Kardashian = $500k per post
• Cristiano Ronaldo = $400k per post
#SEJThinktank
@brentcsutoras
14
Engagement Value of Influencers
#SEJThinktank
@brentcsutoras
25,000 Followers
$1,000 /campaign
30 Posts
8% Engagement
2000 Engaged Users
1 Campaign (or more)
5% Engagement
1250 Engaged Users
15
The Cost of Influencers (Hack The System)
• Some influencers (especially micro-influencers) take product as payment
• Especially if you find the ones that would naturally like your product
• Pay them something and increase the payment as their influence and audience
grows
• Identify micro-influencers and early influencers who are growing
• Use SocialBlade (or any other similar tool) to track growth and engagement
• Monitor for a few months to identify the right influencers
• Start working with them early and grow with them!
• They will always remember you and want to do more for you
• They are less bombarded by requests
• They are more likely to keep you at a lower rate going forward
• Increase the rate as they grow (like a friend would do)
#SEJThinktank
@brentcsutoras
16
• Don’t be afraid to negotiate prices, but be fair and transparent as to why
• Considering throwing events and attending events where Influencers are
• Don’t try to sell them, but rather connect and make real connections
• Talk about your product and give it away if you can
#SEJThinktank
@brentcsutoras
The Cost of Influencers (Hack The System)
17
The ROI of Influencer Marketing
▪ Most companies use Engagement and
Engagement Cost
▪ Coupon codes and Tracking are options, but
can be hard to really track
▪ Branding in Influencer Marketing is quite
valuable
▪ Cut people lose when you don’t feel they are
working out
▪ Maintain the relationship with Influencers who
are working
#SEJThinktank
@brentcsutoras
18
Additional Tips
▪ Setup your accounts to be sticky and keep people that don’t immediately convert
▪ Avoid having posts that are just selling (Show but don’t hard sell)
▪ Have something for everyone (at least in your niche)
▪ Give them all a reason to follow you
▪ Influencer channels are like TV channels
▪ The more relevant channels you are on, the better
▪ Don’t lose your relevance
▪ Don’t do one campaign and quit, keep going! Stay Relevant!
▪ Use both Micro and Macro Influencers
#SEJThinktank
@brentcsutoras
Resources
19
▪ https://www.thinkwithgoogle.com/consumer-insights/youtube-stars-influence/
▪ https://blog.twitter.com/marketing/en_us/a/2016/new-research-the-value-of-influencers-on-twitter.html
▪ http://blog.tomoson.com/influencer-marketing-study/
▪ https://digitalmarketinginstitute.com/en-us/blog/20-influencer-marketing-statistics-that-will-surprise-you
▪ https://www.globalwebindex.com/reports/mobile-ad-blocking-2017
▪ https://influencermarketinghub.com/influencer-marketing-2019-benchmark-report/
▪ https://imanetwork.org/midatlantic/articles/the-rise-of-influencer-marketing-over-print-and-video-ads/
▪ https://www.boxycharm.com/
▪ https://influencermarketinghub.com/9-mind-blowing-influencer-marketing-statistics/
▪ http://www.pewinternet.org/2018/03/01/social-media-use-in-2018/
#SEJThinktank
@brentcsutoras
Resources
20
▪ https://socialblade.com/
▪ https://www.searchenginejournal.com/instagram-video-posts-receive-twice-the-engagement-of-other-post-types-stu
dy/295443/
▪ https://www.prezly.com/academy/relationships/influencer-marketing/influence-influencers-simpler-think
▪ https://blog.scrunch.com/what-is-a-good-engagement-rate-on-instagram
#SEJThinktank
@brentcsutoras
Thank you
Brent Csutoras, LLC
brent@csutoras.com
Brentcsutoras.com
#SEJThinktank
@brentcsutoras
22

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5 Things to Consider When Launching Influencer Marketing Campaigns

  • 1. 5 Things to Consider When Launching Influencer Marketing Campaigns Brent Csutoras, LLC brent@csutoras.com Brentcsutoras.com #SEJThinktank @brentcsutoras
  • 2. Brent Csutoras Brent Csutoras, LLC brent@csutoras.com Brentcsutoras.com #SEJThinktank @brentcsutoras
  • 3. What is Influencer Marketing? 3 Influencer Marketing is where you identify and engage with people who have the ability to get you, your product, or your service a lot of visibility, engagement, and conversions. #SEJThinktank @brentcsutoras
  • 4. What is Influencer Marketing? 4 Influencer Marketing has become a career path for many, especially for kids who have grown up watching Influencers… I want to be a YouTuber! #SEJThinktank @brentcsutoras
  • 5. Is Influencer Marketing Effective? 5 ▪ 70% of teens trusted influencers more than traditional celebrities ▪ 4 out of 10 people say influencers understand them better than their friends ▪ 6 out of 10 people said they would follow the advice of an influencer on what to buy ▪ 49% of people rely on influencers for product recommendations (56% rely on friends) ▪ 40% made purchases online based off influencer recommendations #SEJThinktank @brentcsutoras
  • 6. Is Influencer Marketing Growing? 6 ▪ +1,500% increase in ‘Influencer Marketing” searches over last 3 years ▪ Market expected to grow from $2 Billion in 2017 to $10 Billion in 2020 ▪ More people are using Ad Blockers (40% laptops, 22% mobile) ▪ The return on investment in influencer marketing is far outpacing any traditional medium #SEJThinktank @brentcsutoras
  • 7. Finding Influencers. -- the ‘Right’ Influencers! 7 #SEJThinktank @brentcsutoras
  • 8. 8 Finding Influencers. -- the ‘Right’ Influencers! Viral Nation recently commented that they have not been asked to run a Snapchat campaign in years. But.. Why#SEJThinktank @brentcsutoras
  • 9. 9 Finding Influencers. -- the ‘Right’ Influencers! These channels provide a personal look at the Influencer and their daily lives… • Video feels personal • Stories feel personal Pew Internet Study #SEJThinktank @brentcsutoras
  • 10. 10 Not All Influencers have Influence ▪ You need to find Influencers who would actually use your product / service ▪ They will talk about it better ▪ Their audience will be more likely to purchase ▪ They will continue to talk about it and more ▪ Who is really personalizing themselves? ▪ Natural vs Obvious advertisements? ▪ Off Brand advertisements? ▪ Normal vs Advertisement post volumes Scott Disick #SEJThinktank @brentcsutoras
  • 11. 11 Some Influencers Influence Influencers ▪ If you can, go for someone big and who is is a leader in your space ▪ Influencers look up to bigger influencers ▪ They are more likely to work with you if someone bigger already has Say That 3 Times! #SEJThinktank @brentcsutoras
  • 12. 12 The Cost of Influencers #SEJThinktank @brentcsutoras
  • 13. 13 The Cost of Influencers • Micro-influencers (10k to 50k) = $250 to $1,000 • Influencers (50k to 250k) = $1,000 to $5,000 • Influencers (250k to 1 mil) = $5,000 to $10,000 • Influencers (over 1 mil) = $10,000+ and depending on the campaign up to $250k • Selena Gomez = $550k per post • Kim Kardashian = $500k per post • Cristiano Ronaldo = $400k per post #SEJThinktank @brentcsutoras
  • 14. 14 Engagement Value of Influencers #SEJThinktank @brentcsutoras 25,000 Followers $1,000 /campaign 30 Posts 8% Engagement 2000 Engaged Users 1 Campaign (or more) 5% Engagement 1250 Engaged Users
  • 15. 15 The Cost of Influencers (Hack The System) • Some influencers (especially micro-influencers) take product as payment • Especially if you find the ones that would naturally like your product • Pay them something and increase the payment as their influence and audience grows • Identify micro-influencers and early influencers who are growing • Use SocialBlade (or any other similar tool) to track growth and engagement • Monitor for a few months to identify the right influencers • Start working with them early and grow with them! • They will always remember you and want to do more for you • They are less bombarded by requests • They are more likely to keep you at a lower rate going forward • Increase the rate as they grow (like a friend would do) #SEJThinktank @brentcsutoras
  • 16. 16 • Don’t be afraid to negotiate prices, but be fair and transparent as to why • Considering throwing events and attending events where Influencers are • Don’t try to sell them, but rather connect and make real connections • Talk about your product and give it away if you can #SEJThinktank @brentcsutoras The Cost of Influencers (Hack The System)
  • 17. 17 The ROI of Influencer Marketing ▪ Most companies use Engagement and Engagement Cost ▪ Coupon codes and Tracking are options, but can be hard to really track ▪ Branding in Influencer Marketing is quite valuable ▪ Cut people lose when you don’t feel they are working out ▪ Maintain the relationship with Influencers who are working #SEJThinktank @brentcsutoras
  • 18. 18 Additional Tips ▪ Setup your accounts to be sticky and keep people that don’t immediately convert ▪ Avoid having posts that are just selling (Show but don’t hard sell) ▪ Have something for everyone (at least in your niche) ▪ Give them all a reason to follow you ▪ Influencer channels are like TV channels ▪ The more relevant channels you are on, the better ▪ Don’t lose your relevance ▪ Don’t do one campaign and quit, keep going! Stay Relevant! ▪ Use both Micro and Macro Influencers #SEJThinktank @brentcsutoras
  • 19. Resources 19 ▪ https://www.thinkwithgoogle.com/consumer-insights/youtube-stars-influence/ ▪ https://blog.twitter.com/marketing/en_us/a/2016/new-research-the-value-of-influencers-on-twitter.html ▪ http://blog.tomoson.com/influencer-marketing-study/ ▪ https://digitalmarketinginstitute.com/en-us/blog/20-influencer-marketing-statistics-that-will-surprise-you ▪ https://www.globalwebindex.com/reports/mobile-ad-blocking-2017 ▪ https://influencermarketinghub.com/influencer-marketing-2019-benchmark-report/ ▪ https://imanetwork.org/midatlantic/articles/the-rise-of-influencer-marketing-over-print-and-video-ads/ ▪ https://www.boxycharm.com/ ▪ https://influencermarketinghub.com/9-mind-blowing-influencer-marketing-statistics/ ▪ http://www.pewinternet.org/2018/03/01/social-media-use-in-2018/ #SEJThinktank @brentcsutoras
  • 20. Resources 20 ▪ https://socialblade.com/ ▪ https://www.searchenginejournal.com/instagram-video-posts-receive-twice-the-engagement-of-other-post-types-stu dy/295443/ ▪ https://www.prezly.com/academy/relationships/influencer-marketing/influence-influencers-simpler-think ▪ https://blog.scrunch.com/what-is-a-good-engagement-rate-on-instagram #SEJThinktank @brentcsutoras
  • 21. Thank you Brent Csutoras, LLC brent@csutoras.com Brentcsutoras.com #SEJThinktank @brentcsutoras
  • 22. 22