Instagram influencer Kiara King. Image Credit: lioninthewild.
Most brands today are painfully aware that Instagram influencer marketing is necessary in 2020 and the foreseeable years ahead. If you are not yet on board the Instagram influencer bandwagon, you might be wondering why and how to leverage it for your own brand.
Well, you can do research or you can go through this quick guide for everything you need to know about Instagram influencer marketing and how to get started.
Firstly, Instagram Tops the List
Influencer marketing works on many platforms, so you might be wondering why this guide focuses specifically on Instagram.
Several reasons support this, although they might not apply to all companies. It is up to you to decide if Instagram is the platform for you:
With more than 1 billion active users, Instagram already has an edge over other platforms. Almost a third of US internet users are on it daily, and 65% of consumers follow their favorite influencers on it.
Sheer reach makes it a serious contender for any influencer marketing campaign.
Studies show that the engagement rate on Instagram is the highest among social media platforms, including Facebook.
Each influencer post on Instagram averages 1000 followers interacting with it, coming out to a ratio of 29.67. By comparison, Facebook comes in at a ratio of 16.54.
They say that if you build it there, they will come. The fact is more than half of all influencers prefer Instagram as a platform, mostly because engagement is much higher there. They build their profiles on it, and naturally enough, other users follow them.
Secondly, Cost Issues
Any marketing campaign comes with a cost. Instagram influencer marketing is no exception. The good news is you have quite a lot of control over how much you will spend. And you can get the most out of what you spend if you plan well.
The great thing about influencer marketing is that your choice of influencers will have a direct effect on your overall cost. As a rule of thumb, the more followers an influencer has, the more expensive they are to work with. Additionally, the market niche also influences the cost per post.
For example, an influencer with 2,000 followers might ask for around $100 per post on Instagram. An influencer in the same niche with 75,000 followers may ask for about $250 for the same post. An influencer in the travel industry will generally charge more than one in the lifestyle niche.
Thirdly, Influencer Search
Obviously, you should consider collaborating with influencers in your own niche. However, choosing the right influencers is not as simple as it looks.
You need to make sure the influencers you choose can reach your target audience. In most cases, you will work with three or more micro-influencers, so you need to get the process down.
- Look for influencers already creating positive and original (not reposted) content for your brand through hashtags and assess their profiles
- Look for hashtags relevant to your market niche to identify influencers that create relevant content for your brand and assess their profiles
- Use the right influencer marketing tools to get a list of relevant Instagram influencers or have an agency do it for you.
Fourthly, Campaign Choices
Once you have identified the influencers that satisfy your requirements, it is time to choose the type of campaigns you should launch. The most popular ones are:
- Sponsored posts – branded content created by influencers
- Contests – product giveaways
- Branded content – feature influencers in your content in some capacity
- Product reviews – image or video posts or Stories
- Endorsements – provide influencers with discount codes or links to share with their followers
Last but Not Least, Tracking Your Progress
Marketing campaigns are only as successful as far as you can measure the results. Since most Instagram influencer campaigns have the goal of driving brand awareness and audience engagement, they do not result in direct conversions.
Make sure you track the progress of your Instagram influencer marketing campaign. It will help you identify if you have problems with your campaign, a specific influencer, or both and help you achieve maximum ROI.
More on Instagram Influencer Marketing In 2020 – Infographic
For more on Instagram influencer marketing and what you should know, check out this infographic originally posted by Fourstarzz Media below.