When money is tight, don’t ditch your influencer marketing campaign. I was recently hired by an overseas company to source two particular influencers for an Australian campaign and was paid upfront. After searching for the required criteria across my network I created a list of 15 content creators who I thought would be perfect and gave my recommendations on the top two. The company agreed and they were hired. And then they were fired. The company has said the budget has been blown so they were cancelling their influencer marketing strategy. This was a bad move for two reasons: 1. Reputation - 15 influencers were keen to follow the success of this campaign and if they bailed word would spread in influencer land - fast. 2. The success of this business relied upon customers buying through social media. Killing your influencer marketing spend is a sure fire way to dry up your revenue stream. Thankfully I was able to convince this company to continue with the campaign and surprising they found the budget very quickly. Lesson: In today’s online marketing landscape protect your influencer marketing budget as all costs.
Yep especially to keep the momentum going it’s so important to continually invest.
Totally agree, never neglect your IM stratergy
Budgets for influencer marketing will soon have lower limits rather than upper limits. That brand is now starting to know the full potential of it! Great work Mark Bowness