Influencer Marketing: Deep Understanding and Its Basics

We know that in the Celebrity Industry, everything is a buzz, every move a celebrity makes is a huge gossip. Well, in Business and Marketing there’s also what we call “hot issue”, there are lots of effective methods spreading online and “Influencer Marketing” is the one who raised up and outstands among them.

Today, we are living in a world full of marketing and business. When you think of doing an advertisement? What comes to your mind? Magazine headlines? TV Commercials? I’ll tell you the truth, they may not be as effective like before. Time changes, an effective advertising changes too. Now, Influencers simply speak up some magic sentences on their 1-3 minute video and then Voila! Sales do come true! These influencers with their extensive and large number of followers can make you outstand from that chaotic and old-fashioned advertising methods out there, on the other hand, it will also bring ultimately massive value to your brand.

So what is Influencer Marketing? This article will answer almost all of your questions about influencer marketing.

Before we dig deep to its understanding and insights. We first define the two words:

  • Influence is the ability to have an effect on the behavior, development, character, and decisions of someone or something, and even the effect itself.
  • Marketing is an activity of a business promoting or selling products and services.

So when the two words combine, Influencer Marketing is a type of marketing which utilize “influencers” who have the capacity to influence others to buy what are they promoting or selling.

There are two forms of influencer marketing:

  • Social Media Marketing: Refers to the series of action of gaining traffic and attention through social media sites.
  • Content Marketing: Refers to a type of marketing which involves creating, publishing and sharing of online material such as videos, blogs and social media posts. It doesn’t absolutely promote a brand to generate interest in its products and services.

Both have different definitions, but they seemed to be connected.

Influencer marketing might be a hot issue right now, but it is not new at all, in fact, influencer marketing has been alive since the time we discovered social media sites. Celebrities, Sports Enthusiasts, and Leaders were our first influencers in their particular fields and brands would partner with them to promote their products and services. Here are some good characteristics Influencer Marketing is armed of:

Influencer Marketing is Unique

Social media communication has already given everyone the opportunity to voice out their own perception. Anyone who has the ability to speak, and has the internet connection are welcome to share their content. Anyone who owns a smartphone could produce high-quality photography and share it with the world with their personal social media accounts. And who among them has the great and most intriguing engagement will rise and might become an influencer.

Influencer Marketing is Authentic

Yes, you read it right. Have you seen an advertisement online regarding the easiest way to lose those sloppy fats on your belly? Have you ever felt a single cell in your body that believes those advertisements? Or, have you seen an advertisement on TV regarding a soap which could immediately whiten your skin after just one wash? How possible is that? No offense but this is why and what makes Influencer Marketing authentic and more effective than those traditional advertising you see through online, TV commercials, etc.

Influencer campaigns are more organic and genuine than those traditional advertisements you encounter, why? Firstly, Influencers are visible and had experienced or used the product or service that has been offered. They are seen as scrutinized role models and leaders. Investing your time, effort and money on fertilizing their audience and connecting with their following is much worthy as these influencers are more trusted and had become the most trusted sources for the consumers. Meaning, people listen and believes in them.

Influencers help you with your Brand image

Social media has the ability to drive traffic to your website. It can create a much stronger bond between you and your customers, boosts your SEO and could generate media coverage. Influencers are absolutely your “Superman” when you needed a hand to boost up your brand’s name and create a big buzz on various social media sites. They will help you target the right demographic, grow your social media network, shares ideas regarding on creating your content and boosts your SEO.

Influencer Marketing is Cost Effective

If you are tired already from posting some flyers anywhere in your area but did not get any sales at the end of the day. Influencer Marketing is the best method for you. Although there is no fixed price when it comes to Influencer Marketing, either you offer them free item, pay them by performance-based, or others suggests a “flat rate” pricing. But I tell you, influencer marketing has the best ROI. A lot of research had already proved that it is bound to be more affordable and effective than the traditional advertising.

Digital Marketing: Basic Strategies Every Beginner Must Know

What is Digital Marketing?

Digital marketing refers to the usage of online advertising tools to project products and services to potential customers. Digital Marketing has become a key component of the marketing strategy of most companies today, because as much as a third of the world’s population now spends time online.

What are the benefits?

Digital marketing provides advantages that were previously unprecedented. With over 2 billion people having an active online presence, online marketing provides an incredible outreach. Also, most social platforms provide their services for free, making them very cost-effective. People also tend to prefer an online marketing approach because of its personal touch and interactive nature. With these features, online advertising provides opportunities that traditional marketing hardly can; and even if it could, it would be a financial and logistical nightmare.

Now that we have established the importance of digital marketing, here are the basic strategies one must apply to get maximum results:

1. Know your audience: It is important that you discern exactly what your brand is, what it stands for, and which people make up your target demographic. This knowledge will enable you select the most appropriate digital platforms for your brand, as well as use available online tools to target customers that will most likely lead to sales conversions.

2. Have a comprehensive strategy: This involves you defining specific goals your brand intends to achieve with online advertising. This allows you to leverage on particular strengths of relevant e-marketing platforms and also use analytical tools such as Google Analytics ton track and manage progress and goal achievement.

3. Have Optimized and Integrated accounts across all relevant platforms: It is not just enough to have accounts across several online marketing platforms; you must also make sure that they are functioning to their fullest capability. This includes rich media for all your social media accounts (i.e. quality photos and videos) and regular interaction with your customers; as well as a fast and aesthetically pleasing website with enough backlinks and very active SEO (Search Engine Optimization). Most e-marketing platforms also provide facilities for cross-platform integration, enabling you to seamlessly synchronize your brand’s online presence; and also make it easier for potential customers to locate your brand across different platforms.

4. Have a consistent voice: Carve out a particular niche for yourself which is relevant to your brand, and remain consistent to it throughout all your online activity. Saying something today and something else tomorrow could easily confuse potential customers and chase them away.

5. Provide quality content: With regards to your internet marketing content, go with the acronym QERO, which stands for Quality, Engaging, Regular and Original. If your online content consistently possesses these qualities, you can be sure of comfortably winning over the hearts of several customers.

6. Use Smart Tools: There are a plethora of online marketing platforms, and handling each one separately could be cumbersome. Instead, make your work easier and smarter by using the variety of smart tools available. Tools like Buffer, Everypost and Hootsuite enable you handle several social media accounts at once, MailChimp is great for e-mail marketing, and Adroll helps you re-market to customers who are already loyal.

7. Combine with Traditional Marketing: In as much as digital marketing has immense potential, traditional marketing should not be jettisoned just yet. In fact, the best results are achieved when digital and traditional marketing strategies are combined. So by all means have a robust online presence, but also complement that with TV and Radio ads, as well as the timeless one-on-one customer relationship.

Digital marketing has developed rapidly over the past few years, and it promises to be a major player in the marketing industry for years to come. Hence, the sooner you get acquainted with it, the better; and the more you save yourself the unnecessary expense of outsourcing your online advertising to a digital marketing agency.

Digital Marketing Degree at UofM Dearborn

I am currently enrolled as a student at the University of Michigan Dearborn College of Business. My majors are Digital Marketing and Information Technology Management. I think the weight of this duel degree will carry a special edge upon entering the business world. UofM Dearborn was one of the very first schools to offer this specialized degree in Digital Marketing. It is important to understand how this degree is different than a normal Marketing degree and the ramifications it will have for the business world.

Why is this degree so important? The U.S. Bureau of Labor Statistics show that the market research analysts and marketing specialists increase in number is at 32% expectancy during 2012-2022, surpassing the national average of merely 11% for other professions. This is clear evidence that not only will jobs in this field be available, but businesses will be actively seeking out candidates to fill these positions. Commonly, a business faces a dilemma when looking to hire digital marketers. They must either hire a person skilled in regular marketing that must be trained extensively or they must hire in a seasoned digital marketing veteran that requires a much higher salary. Businesses instead will now be looking to fill this void with students that have this pertinent degree.

More and more businesses are moving their marketing campaigns to focus heavily on their online platforms. The perks of marketing this way are more extensive than merely reaching a wider audience than other marketing means. Online marketing allows for real time analytics to be transferred back to the people running the campaign. This allows the business to alter and change their campaign as they see fit. Also, in this day and age information is king. Digital marketing allows for companies to collect their own information and data free of charge.

Here at the University of Michigan Dearborn, we have classes that focus mainly on digital marketing and are supplemented with traditional marketing courses. These classes range from learning how to rank a webpage on the first page of Google to processing and transposing data analytics in a meaningful way. The core classes required for the digital marketing major are as follows:

  • Digital Consumer Search and Marketing
  • Communications Strategy and New Media
  • Digital Analytics and Content
  • Marketing and Research
  • E-tailing and Retailing

From here a student must also choose two of the following classes:

  • Managing Electronic Commerce Systems
  • Understanding Consumers
  • Marketing Management
  • Global Marketing and Consumer Culture
  • Database Systems 1
  • Advanced Computer Applications

All of these requirements are in addition to the normal classes needed for a Bachelor’s in Business Administration.

The uses of this degree are endless. A person with this degree is equipped to handle social media pages, website management, content management, digital analytics, etc. With everything going digital these days, it only make sense that marketing will continue down this path too.