Up-and-Coming Trends For Influencer Marketing Platforms
While one-off paid posts to remain attractive for brands, more brands will look for multi-post, review-style content that is genuinely authentic. This will require brands to collaborate with influencers in a bespoke way. Moreover, more influencers will choose ongoing commission-based partnerships.
Influencers are Creating Mini Empires
In addition to making influencer marketing possible, Webfluential is also transforming how brands work with influencers. The platform has been designed to make working with influencers more efficient by offering sophisticated analytics and relationship management tools. For example, the platform tracks all payments, communications, and contracts between brands and influencers. It also offers campaign management tools to ensure a successful campaign goes smoothly.
The platform allows brands and influencers to find, manage, and reward influencers based on their audience. The system is powered by a machine-learning algorithm and analyzes influencer data to discover influencers that align with a brand’s goals. It makes its money through fees from brands paying influencers and a commission paid to influencers for deals made on its marketplace. The system also offers a free trial for its Standard plan. Once signed up, it charges a service fee of 10% for payments made to influencers. The Standard plan offers limited capabilities, while the Managed plan comes with various other features.
They’re Becoming Brand Ambassadors
Brand ambassadors can be recruited through a variety of methods. One way is through influencer marketing platforms. However, before recruiting an influencer, you must consider their audience and ensure they are compatible with your brand. For example, if you want to recruit a fashion brand ambassador, you must be confident that they will be true to their brand’s values and have a loyal following. Moreover, the brand ambassadors you hire must be able to generate high-quality content and have a high engagement rate with their audience.
Besides, influencers can be compensated well and receive freebies, such as office stationary or coffee cups. Another way to make influencers more effective is to reward them with discounts on their products and services. The benefits for brand ambassadors include higher engagement rates and higher ROI.
They’re Working with Fewer Brands
There are several reasons why an influencer marketing platform might work with fewer brands. For one thing, most influencers are human and often have multiple partnerships. As such, they may fall behind posting commitments or make mistakes with requested tags and calls to action. Additionally, they may need more hands-on support if they’re new to this type of marketing. Fortunately, formal ambassador programs exist. For example, Fujifilm utilizes video creators, photographers, and other social media enthusiasts to promote its products.
Another reason fewer brands work with influencers is that more brands focus on smaller, niche influencers. These influencers tend to be more relatable, and followers feel more engaged. For example, a fashion brand might want to work with a model like Daniel Wellington, who reached out to influencers at all levels of the organization. This approach isn’t difficult to replicate and allows brands to target specific influencers on each platform.
They Create Video Content
In the past few years, Vine and Snapchat have led the way, but now TikTok and other apps are making their mark in short-form video content. With videos lasting only a few minutes, consumers are attracted to the fast-paced and instant gratification they can get from watching them. Because of this, companies looking to stay relevant must ensure that their video content stays short and sweet.
Even though text and image-based content are still very important, audio-visual content is catching up quickly. Social media apps are becoming more popular; in 2020, millions of new users are expected to join them. This means there are now more platforms than ever to reach consumers. Although images and text aren’t going away anytime soon, video and audio content will continue to gain importance as people turn to the internet for their daily needs.
They Accept Paid Advertising
An Influencer Marketing Platform is a website that connects brands with influential bloggers, social media users, and brands that want to reach them with their messages. Influencers can earn money by posting about brands and products on social media. Some platforms charge a small fee to join, while others are free. Regardless of the cost, there are several ways to create a campaign and find the right influencers to promote your brand.
Influencer Marketing Platforms come in different price ranges, but the basic plan offers unlimited campaigns, analytics, and conversions. Paid accounts include more features, such as CR optimization and API integration. The Advanced plan costs $199 per month and adds multiple channels, full API access, and live chat support.