incredibly popular in the digital age, and it's easy to see why: Studies have shown that leveraging social influencers can yield up to 11 times higher return on investment (ROI) than traditional outbound marketing.
That's because people trust other people's opinions more than they trust corporate messaging.
Want to jump on the influencer marketing bandwagon? Here are the top social media influencers across eight major industries.
Influencer marketing has become incredibly popular in the digital age, and it's easy to see why: Studies have shown that leveraging social influencers can yield up to 11 times higher return on investment (ROI) than traditional outbound marketing.
That's because people trust other people's opinions more than they trust corporate messaging. According to Mobile Marketer, 51% of social media users trust user images because they're "more authentic and trustworthy" than what brands create.
This is where influencer marketing can be incredibly powerful. Mobile Marketer reported that nearly 45% of social media users follow an influencer, and among them, 34% have discovered a brand solely based on influencer posts.
For brands targeting the highly coveted Gen Z and millennial audiences, influencers are often the key to quickly and effectively expanding their reach. Members of these demographic groups (roughly ages 18 to 35) "look for and value like-minded opinions from influential voices on social media," said Patrina Couling, director of marketing and partnerships at Rooftop Cinema Club.
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"[Influencer marketing] allows us to reach a wider audience base by extending awareness through [the influencers'] communities, followers and fan base," Couling told CO—. "[We] work directly with brand advocates who have experienced [us] firsthand and can be an authentic voice to spread the word."
[Read: How to Leverage Influencer Marketing]
Influencer Marketing Hub defines an influencer as someone who has the power to impact consumers' purchasing decisions because of their "authority, knowledge, position or relationship" with their audience. These individuals typically have a following in a particular niche and actively engage with that following.
So, which social media users are the most influential in your industry? Using a combination of influencer lists and social media platform research, we've identified the top five individual social media influencers across nine major industries, with current follower counts for their top two channels as of December 2019.
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We’ve found those who have already engaged with [our brand] are more likely to share quality content that will resonate.
While the above influencers do have massive followings on social media, you shouldn't necessarily discount micro-influencers (1,000 to 100,000 followers) or even nano-influencers (less than 1,000 followers) for your brand. Many brands, including Rooftop Cinema Club, have found great success with influencers who have smaller, but very highly engaged audiences.
"For us it's about their engagement rate rather than follower count," said Couling. "It's important to know their followers care about what they share. We’ve found those who have already engaged with [our brand] are more likely to share quality content that will resonate."
Couling recommends selecting influencers based on the following criteria:
When it comes time to approach the influencer about working with your brand, Couling says it's important to offer them something of value. Then, provide clear guidelines and criteria for what you expect in return (e.g. posting, engaging and sharing).
"Work with them, too," Couling added. "Be flexible in finding offers that are enticing for their followers."
For more influencer marketing tips, check out our guide to finding and working with influencers.
[Read: 3 Things You Need to Know About Influencer Marketing]
CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.
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