Influencer Marketing and What It Means for Businesses?
Introduction: What is Influencer Marketing? Influencer marketing is a form of digital marketing that uses social media influencers to promote products. With this strategy, brands are able to reach new audiences and collaborate with influencers in order to create content that generates brand awareness. There are three general types of influencer campaigns: – Generic campaigns: Brands approach influencers by providing them with free products or compensation in order for them to promote the brand’s message. – Sponsored campaigns: Brands approach influencers by providing them with free products or compensation in order for them to promote the brand’s message, but they provide more specific criteria on how they want their campaign executed. – Collaborative campaigns: Brands work with an influencer to craft a campaign together, planning everything from how it looks. The Role of Influencers in Traditional Marketing Strategies Traditional marketing strategies are quickly shifting...