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List of the Best Influencer Marketing Companies

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Frequently Asked Questions

What is Influencer Marketing?

Influencer marketing is a very effective marketing strategy that uses social media influencers to promote a client’s brand or products. Influencers have a large fan following on various social media platforms, so they can easily influence people to buy your products and services, and, in return, you may have to pay a small token amount.

How is Influencer Marketing different from Digital Marketing?

Digital marketing includes a vast catalog of marketing services, of which influencer marketing is also indispensable. Digital marketing drives marketing campaigns covering all the leading channels via emails, blogs, websites, or social media. Meanwhile, influencer marketing solely focuses on using influencers to promote a brand on multiple social media platforms.

What are Influencer Marketing platforms?

Influencer marketing platforms can be used to find top-notch influencers that are most suitable for your needs and have better audience reach and number of followers. You can filter the influencers on these platforms based on their follower count, age, location, audience demography, and other factors. These platforms can even recommend similar influencers with similar performance and outreach, called lookalikes, using the ‘lookalike’ tool.

What do Influencer Marketing Agencies do?

Influencer marketing companies will choose the right influencer, contact them on your behalf, and thoroughly explain your requirements. These companies will decide the timeline for which the influencers will be hired and track various KPIs to analyze the performance and impact of influencers on the campaign.

Is Influencer Marketing productive for all types of businesses?

Influencer marketing is a highly productive marketing strategy most leading industries use. Food & beverage, tourism & hospitality, restaurants, beauty and fashion, entertainment, fitness, and tech are some industries that are most suitable for influencer marketing.

Influencer marketing is ideal for businesses offering products or services that people can access directly. At the same time, it might be less productive for manufacturing, mining, and government-regulated industries such as tobacco, alcohol, etc.

How is Influencer Marketing effective?

Influencer marketing is effective for businesses in several ways. People who follow influencers tend to trust suggestions and recommendations, which can build good trust and credibility for your business. Your business will get broad exposure and higher visibility through influencers with many followers and interactions. These influencers are very creative and can create content that resonates with their followers and sparks interest among followers in buying their recommended products.

How do you choose the right Influencer Marketing Agency?

There are many reliable influencer marketing companies in the market, and choosing the best out of them requires you to begin by carefully assessing your goals and requirements. Get a list of credible influencer marketing companies using any of your

preferred sources, be it B2B research and review platforms, i.e., GoodFirms, Linkedin, other networking platforms, or keyword search. Once you are ready with the list, shortlist the most relevant companies for your needs by reviewing their industry focus, services, feedback, and reviews.

Conduct a one-on-one meeting with the shortlisted companies to learn about their network of influencers, their efficiency record, past projects and outcomes, and the tools and technologies they use. Get a detailed pricing structure from them, and finally, select a company within your budget that can connect you with the best influencers, have better feedback and outcomes, and use good tools.

How much does Influencer Marketing cost?

Influencer marketing cost, depending on the type of influencer you hire, can start from as low as USD 100 per post and reach hundreds of thousands of dollars. Hiring a micro-influencer with a follower count of 10k to 100k can cost you somewhere between USD 100 and USD 500 per post.

For macro-influencers with followers between 100k and 1M, you should expect to pay up to USD 10,000 per post. Meanwhile, mega influencers boasting 1M+ followers can cost USD 10,000 to hundreds of thousands of dollars.

What business goals can be achieved through Influencer Marketing?

A robust influencer marketing campaign can help businesses achieve their goals in minimal time. It can help businesses build trust and a better reputation, garnering more traffic on the brand's website. Influencers help improve brand awareness and boost lead conversions by recommending your product to their followers, thus leading to higher sales and better ROI.