Influencer Marketing and Its Importance in 2018
Internet marketing that exclusively focuses on influential people for marketing rather than the whole target marketing is known as influencer marketing. Individuals having high influence over potential buyers are identified in influencer marketing and then the marketing activities of the business are oriented around these influencers. This kind of marketing has been increasing swiftly over the past few years and influencer marketing now has an estimated global value of 1.07 billion U.S. dollars. Influencer marketing content could be testimonial advertising in which they play a potential buyer or a third party, where the third party exists either in the supply chain or in the ostensible value-added influencers. Influencer marketing works based on a number of steps that include launching campaigns, receiving applications and quotes, finalizing influencers, initiating engagements and finally measuring the results. From being a splish-splash that many thought was just a fad and would vanish in no time, to growing rapidly, Influencer Marketing has become an unavoidable and significant part of digital marketing. Companies use influencer marketing to enter the target market and to reach the real audience quickly. Influencer marketing is a highly efficient alternative to the paid advertisement as the targeted exposure leads to high return-on-investment. It is always safe to market the product or service through some of the most trusted people in the industry, seeing that a product sells better when a known personality talks about it than using a text with a click-bait call to action. Who is a great influencer?