{"id":17568,"date":"2023-10-16T11:49:21","date_gmt":"2023-10-16T11:49:21","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/what-e-commerce-sellers-should-know-about-influencer-marketing\/"},"modified":"2023-10-16T11:49:22","modified_gmt":"2023-10-16T11:49:22","slug":"what-e-commerce-sellers-should-know-about-influencer-marketing","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=17568","title":{"rendered":"What E-Commerce Sellers Should Know About Influencer Marketing"},"content":{"rendered":"<div>\n<p><em>CEO and Founder of <\/em><em data-ga-track=\"ExternalLink:https:\/\/www.bluetuskr.com\/\">BlueTuskr<\/em><em>, a full-service digital marketing company for e-commerce sellers, and host of The E-Comm Show podcast.<\/em><\/p>\n<p>Influencer marketing seems to be everywhere, and with a reported one-quarter of marketers utilizing this fast-growing advertising technique, that feeling is no mere illusion. But just because influencer marketing has become a multibillion-dollar industry doesn\u2019t guarantee it\u2019s the right path for every e-commerce business to take.<\/p>\n<p>Whether you\u2019re already invested in influencer marketing or want to try it out for the first time, it\u2019s important to know the pitfalls to watch out for so you can make the most of your campaigns.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">The Allure Of Influencer Marketing<\/h2>\n<p>It\u2019s without a doubt that influencer marketing is a great way to reach a new audience, with half of millennials indicating trust in influencer recommendations. Similarly, one-third of Gen Zers admit to making a product purchase in the last quarter based on the word of a trusted influencer.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Besides its reported effectiveness, influencer marketing is an attractive option for many e-commerce companies because it can reduce their content creation costs. For instance, teaming up with an influencer can lead to the production of content that can be cross-posted on both the influencer\u2019s social media feeds and your business\u2019s socials, allowing the content to be better utilized and get significantly more exposure.<\/p>\n<p>By the same token, an influencer-focused marketing initiative can also make it easier to create an email or landing page campaign that is built around that single internet personality. However, one difficulty that comes with influencer marketing is gauging the genuine ROI of this tactic. For instance, it can be hard to discern if a given sale was the result of your hired personality introducing your online store\u2019s wares to a buyer for the first time, or if the potential customer was already familiar with your brand and was simply swayed into making a purchase thanks to the influencer making it top of mind.<\/p>\n<p>It can also be tempting for an e-commerce company to chase after influencer marketing while neglecting other helpful tactics that can increase brand image and perceived trustworthiness, such as user-generated content (UGC).<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">How To Know When An Influencer Isn\u2019t Worth It<\/h2>\n<p>E-commerce businesses looking to capitalize on the power of an influencer\u2019s social media clout may be tempted to work with pricier personalities, such as macro-level influencers who have reached six- or seven-figure follower counts. However, the plain fact is that some expensive influencers are worth it while others simply aren\u2019t. Many influencers have a huge number of followers but poor engagement levels. For example, in 2022, the average engagement rate for macro-level Instagram influencers was about 1.06%. On the other end of the spectrum, Instagram micro-influencers in the 1K-5K range hit an average engagement rate of 4.84%.<\/p>\n<p>In other words, if you\u2019re going to shell out precious advertising money so that you can work with expensive influencers, make sure they have a high enough engagement rate to make your business\u2019s time, effort and financial investment worth it.<\/p>\n<p>One way to leverage an influencer\u2019s clout (especially an influencer at the micro level) in a more cost-effective way is through influencer seeding (also known as \u201cinfluencer gifting\u201d), in which you send a free product to an influencer without any marketing agreement in place. While seeding doesn\u2019t guarantee the production of content, it at least gives you the chance to secure authentic support from an internet personality. In addition, influencer seeding can start a marketing relationship with the social media personality on the right foot.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">How To Know If Influencer Marketing Is Right For Your Product<\/h2>\n<p>Before you assume that your e-commerce company <em>needs <\/em>an influencer to hawk your product, stop and ask yourself a few questions: Is your product an innovative breakthrough or is it a slightly different version of something everyone already knows about? Is your product breathtakingly unique or is it more \u201crun of the mill\u201d in nature? Have you clearly defined your target niche or are you still figuring that out?<\/p>\n<p>Answering each of these questions honestly can keep you from approaching any level of influencer marketing in a misdirected way. If your product is the kind of item that everybody should already be familiar with and doesn\u2019t stand out in terms of name, design or functionality, then influencer marketing probably won\u2019t help your online store that much. On the other hand, if your product is new, exists in a category of its own, or stands out in a \u201csexy\u201d way, then teaming up with an influencer who falls within your specific niche could be a match made in heaven.<\/p>\n<p>Assuming your online store\u2019s products fit the criteria listed above, you need to search for an influencer who has obtained a loyal following, maintains good engagement rates, and matches your target audience. By keeping these principles in mind, you can craft an influencer campaign that won\u2019t blow out your budget or leave you with a poor ROI at the end of the day.<\/p>\n<p>Forbes Agency Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. <em data-ga-track=\"InternalLink:https:\/\/councils.forbes.com\/qualify?utm_source=forbes.com&amp;utm_medium=referral&amp;utm_campaign=forbes-links&amp;utm_term=fac&amp;utm_content=in-article-ad-links\">Do I qualify?<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/forbesagencycouncil\/2023\/10\/16\/what-e-commerce-sellers-should-know-about-influencer-marketing\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO and Founder of BlueTuskr, a full-service digital marketing company for e-commerce sellers, and host of The E-Comm Show podcast. Influencer marketing seems to be everywhere, and with a reported one-quarter of marketers utilizing this fast-growing advertising technique, that feeling is no mere illusion. But just because influencer marketing has become a multibillion-dollar industry doesn\u2019t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[76],"tags":[],"class_list":{"0":"post-17568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leadership"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What E-Commerce Sellers Should Know About Influencer Marketing | Brandiary<\/title>\n<meta name=\"description\" content=\"CEO and Founder of BlueTuskr, a full-service digital marketing company for e-commerce sellers, and host of The E-Comm Show podcast. 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