influencer marketing Archives - Stevens & Tate Marketing

When it comes to marketing strategies and marketing trends, millennials receive a great deal of attention these days. However, they are not the only generation that businesses should focus on. Generation Z already has buying power, and it won’t be long until they overtake the Millennial generation as the largest generation. In fact, anyone born between 1997 and 2012 is considered part of Generation Z. Today, millions of Generation Z consumers are adults with growing purchasing power, making them an essential audience for brands. Here are five tips for marketing effectively to Generation Z.

1. Stand For Something

While focusing on how your products and services fulfill the needs of your customers is important, it will be difficult to stand apart from the crowd when it comes to getting Gen Z’s attention. They were raised on the Internet, so doing research and finding solutions to their problems is second nature to them. They have no trouble finding multiple options. In fact, the options are practically limitless for them. Consequently, they care more about what a brand stands for.

Gen Z is more aware of environmental, socio-economic, and political issues at their age than arguably any other generation. They look for brands that are eco-friendly or support their political views. This means that you can’t remain neutral. Stand for what your company believes in and you’ll be more likely to gain the support of your Gen Z audience.

2. Focus on earning brand loyalty through engagement

Gaining a new customer is far more difficult — and more expensive — than retaining an existing customer. This means you should focus on building brand loyalty among Gen Z customers. The best way to do this is by engaging with them in a meaningful and authentic way. The challenge lies in the fact that Gen Z is much less brand-oriented. They are more likely to become loyal to your company as a result of how you interact with them than any other tactic (such as offering loyalty rewards).

First of all, don’t push your products on them. When engaging with Gen Z customers, make sure it’s a two-way street. Listen to what they say. Don’t use sales jargon and don’t lie. Be personable. Offer them opportunities to participate, whether it’s by hosting brand-sponsored events, allowing them to submit ideas or feedback, or even letting them contribute content.

Explore more about How Businesses Are Using Brand Ambassador Programs To Increase Brand Awareness And Trust

3. Emphasize Mobile Marketing

Most of Gen Z won’t remember a time when they didn’t use mobile devices, such as smartphones or tablets. A survey published by IBM indicates that Gen Z prefers using their smartphones over other devices by 75 percent. Take advantage of this by making sure your website is mobile-friendly and that you employ mobile marketing techniques. You may want to develop an app to improve their user experience on their smartphones even more.

4. Understand How They Use Social Media

When it came to previous generations, figuring out social media wasn’t that difficult — everyone was on Facebook and Twitter. While Gen Z still uses these channels, many prefer other platforms. Channels like Facebook aren’t popular with younger consumers because of the fact that they are more family-oriented. Gen Z is more interested in visual-based social media channels that allow them to engage in a more personal way with others and that provide a creative outlet. With that in mind, it’s no surprise that Snapchat and Instagram are the two most popular channels among the Gen Z crowd.

5. Invest In Influencer Marketing

Even though certain tactics, such as Google and Facebook Ads, can still be effective, Gen Z tends to respond more to influencer marketing. Influencers on platforms like Instagram have huge amounts of sway with their followers. Their significance makes them a great tool for promoting your products and services to a younger audience that’s relevant to your brand.

Keep these five tips in mind when marketing to Gen Z. While many members of Gen Z aren’t adults yet, we know more Gen Z individuals will become adults in the coming years. As such, they should be the generation that you focus more of your marketing on, which is why learning how to market to Gen Z is so important. Get a head start on your competition by beginning to tailor your marketing efforts to the needs of Gen Z now.

We’ve all been through it—you’re scrolling through your social media feed when suddenly you come across an individual passionately endorsing a product or service. What’s more? They have a massive following. You notice this is different from the typical celebrity endorsements. That is because the individual you are seeing is a social media influencer, which makes the premise of an influencer marketing strategy so much more unique.

As a true millennial who’s seen its effects, I can attest to how important it is to be leveraging social media to enhance your marketing efforts. The following is an outline of everything you need to know about Influencer Marketing. This includes how much it costs to hire an influencer, the top social media platforms to run an influencer campaign, how to measure the success of this marketing strategy, and examples of how it’s been done successfully.

What is an Influencer?

An influencer is somebody who has the ability to “influence” potential buyers by endorsing the offerings on social media. There are several factors that indicate whether or not someone is an influencer. However, the most telling one could be that the individual’s followers fit into a particular niche, and there is active engagement between them and the actual influencer.

Rather than just being “marketing tools”, influencers are assets to a company’s social relationships with whom they can collaborate to accomplish their Marketing goals. This is what makes a social media influencer entirely different from a celebrity endorsement, and perhaps, more successful.

In celebrity product endorsements, there is less of an emphasis on engagement and more on capitalizing on the person’s fame and name recognition to benefit a brand. In short, the objective is to capture the attention of a broader audience, unlike the niche audience of the influencer.

The Cost of Influence

As you may assume, influencers can be costly and there is no set rate for incorporating them into your campaign. It’s a common practice for digital marketers to follow the “one cent per follower rule”. Some marketers know this as the $100 per 10,000 followers rule. Factors to consider include engagement rate, client budget, and campaign lengths. However, according to Instagram Influencer, Matt Crump (who has composed his own rates), creative mandates, production costs, timeline, and rights affect the cost of hiring him for your campaign. Crump explained that the price range per sponsored post varies based on the number of followers he has during that time period. The price can be as low as $100-$500 for 5-10k followers, and as high as $10,000 for over 1,000,000 followers.

It’s important for marketers to identify which platform will bring the greatest Return on Investment for their influencer marketing campaign. According to Linqia, over 68% of marketers recognize Instagram as the most effective social network for an influencer strategy in 2019. Coming in second was Facebook with 51% with YouTube, Blogs, Pinterest, Twitter, and Snapchat following behind. The takeaway is simple: If you’re considering an Influencer Marketing strategy, Instagram is the place to start!

Similar Article: 5 Ways To Optimize Your Social Media

How to Measure Success

Although over 60% of marketers are primarily focused on driving brand awareness, engagement, and impressions (Linqia), it’s still important to track sales generation from such campaigns as well as conversions, audience sentiment, and clicks. Since influencer marketing is an ever-evolving industry. Marketers need to consistently evaluate their measurement practices to ensure they’re held to the same standards as other media investments.

Similar Article: Effective Inbound Marketing Strategies

3 Examples of Successful Influencer Marketing

Now that you have an understanding of what an influencer is, how much they cost, the top social media platforms to use for your influencer marketing campaign, and how to measure its success, it’s time to take a look at influencer marketing strategies in action. The following are four examples of successful influencer marketing:

Naked Juice –

When seeking to raise their brand awareness, even more, Naked Juice decided to collaborate with Instagram influencers, Beth Norton and Kate La Vie, through sponsored Instagram posts. Kate La Vie features images of her outfits and beauty essentials. This made it easy for the brand to strategically collaborate with her snapshots. The campaign saw much success. According to Social Bond, within 24 hours the Instagram post generated more than 2,000 likes and comments combined. Additionally, this campaign enabled Naked Juice to position itself as more of a “premium juice” brand. Following the success of the campaign, the company made $57.4 million in revenue by the end of 2017.

Sperry Boat Shoes –At the end of 2016, the popular boat shoe brand, “Sperry” collaborated with more than 100 Instagram “micro-influencers”. The key influencers here were “Sperry Enthusiasts”. To create engaging content with its audience, Sperry identified fans on Instagram who were already sharing pictures of their shoes. Subsequently, the brand invited these users to develop content for its Instagram account. The strategy worked. According to Curalate, Sperry’s most engaged photo of 2016 got 8,278 likes. How did they do this? The photo was taken by influencer Slava Daniliuk who had 4,500 Instagram followers at the time. Additionally, Daniliuk posted with the brand’s trademark hashtag, #OdysseysAwait which increased engagement even more.

Walmart –

As proven by a successful retail company, influencer marketing can also be highly effective when promoting philanthropic incentives as well. Walmart took a “Cause Marketing” approach when embarking on its “Feeding America” mission with several influencers on Instagram. The strategy was simple: For each like, #FightHunger comment, or post share, 0.90 cents would be donated to the organization. Logan Paul’s most-liked post from the campaign generated over one million likes. Due to the success of these influencers in the #FightHunger campaign, Walmart raised close to $1.65 million in addition to boosting positive sentiment for their brand.

Similar Article: Social Media Campaigns for Attracting Prospects and Generating Leads

With the numerous advantages that influencer marketing provides, it’s no secret why so many brands are going with this strategy. As soon as you scroll through your social media feed once again, you’ll come across one of these campaigns. However, you’ll now have a better understanding of what an influencer marketer is and all of the marketing elements involved.

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