February 26, 2014

Influencer Marketing Status 2014 [Survey]

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Influencer marketing status

We can’t help but feel that Influencer Marketing may only be one more buzzword that for not any longer than the last year is in the midst of the daily conversations of nearly every  communication and marketing practitioners. Nonetheless, the findings  in this survey prove that this practice is far from being just a recent and passing phenomena for many of these experts and some specific items have really surprised us due to the level of maturity that exists around this topic. Let me share a few of them with you…

  • 73% of those surveyed state they started to interact with influencers 2 years ago… or even longer ago  in many cases
  • Of those who responded in that manner,  43% of them claimed they have had profitable responses  and 36% feel their  campaigns with  influencers should be rated as either being “effective” or “very  effective”.
  • Those companies that have invested the most in Influencer Marketing actions are also the ones that are increasing their 2014 budgets in this field.

What Challenge are the  communication and marketing practitioners  facing when the time comes to implement Influencer Marketing strategies? What are the Best Practices being used to identify influencers, interact with them and then measure campaign effectiveness… And, even more importantly,  what exactly are influencers expecting from brands in 2014?

These are a few of the questions that we are hoping to be able to answer through this survey thanks to the participation of over 600  communication and marketing practitioners  and 4  recognized Influencers  in various sectors. We sincerely hope that you will be able to both use the contents and findings from this survey and enjoy your reading.

Index

influencers

Aims and Methodology

The Augure Influencer Marketing Survey provides a thorough frank overview of its current state and the challenges and outlook that a wide range of communication and marketing practitioners are facing.

This Study has been designed to meet the following aims:

  • Identify the main challenges being faced by communication and marketing practitioners in their quest to create a profitable relationship with influencers as well as grasping what actions have to be undertaken to successfully meet these challenges.
  • Describe the main trends and fully understand the outlook for Influencer Marketing in the upcoming years
  • Compare the thoughts that firms and agencies have with those expressed by the influencers in various industries

Methodology

Quantitative Analysis

  • Surveys carried out in 3 main markets (USA and Europe).  The sample is comprised by communication and marketing practitioners that have been contacted through local associations as well as Augure’s own internal network
  • The Survey was launched on December 26, 2013 and finalized on January 24, 2014.

Qualitative Analysis

Interviews were held with several influencers from various industries which aided in our verification of the results that had been obtained. Influencers  were based in Spain, France and several other countries as seen below.

Data Influencer Marketing Study

Challenges being faced in the Influencer Marketing Implementation

The prime challenges being faced by communication and marketing practitioners while implementing Influencer Marketing campaigns are as follows:

  • 61% stated that identifying the truly relevant Influencer for their brand and their campaigns
  • 56% stated that being able to get their attention and then building interest with these Influencers through direct interactions.

  • 44% stated that being able to accurately measure ROI in their Influencer Marketing Campaigns

Influencer Marketing challenges

This data may vary slightly depending on the market that is being looked at or the sort of company that is being segmented . For instance, for  71% of those being surveyed in the  UK Market, where a certain degree of maturity was found when creating a relation with influencers,  their greatest  mayor challenge is to know how to identify the ROI involved in influencer actions. While at the same time, for 67% of those surveyed in the Spanish market and 62% of the market in France, the prime concern was to be able to properly identify the influencers who actually generate a positive impact in respect to the brand’s communication. If we were to split it by companies and agencies, 58% of those surveyed who are currently working in agencies point out the main challenge is to be able to prove ROI for their clients for those actions with bloggers and users derived from the most influential social media while for the majority of those surveyed who are working in companies(66%), once again our findings were that the overwhelming challenge was properly identifying influencers.

plus-informationsTo learn more about Influencer  Marketing actions, in this  post by  Mark Fidelman in Hufffington Post,  we find a total of 10 campaigns with Influencers in the United States. 

About how brands identify Influencers, Aleyda Solís, Head of Digital in Woorank says:

Aleyda Solis Marketing de influencers
Brands don’t effectively segment to identify the real influencers in their industry, the ones that are really thought leaders and a reference to their specific audience. Instead they build relationships with the best known, but generic online “celebrities”, that are not necessarily an authority in their sector.   

 

Identifying relevant Influencers in relation to their own brand

Indentify your key influencers - Intro

Identifying those Influencer  who are truly relevant for their specific brand (or in the case of agencies…their clients’ brands) is still perceived as being the main Challenge being faced by the experts who were surveyed as we move into 2014 (61% mentioned this issue).  This tendency is even clearer when we look at what marketing people have said, rising to 70%.

Social scoring platforms like Klout have failed to convince these experts as they seek to  carry out  a proper “identification Task”. At the same time, there is greater awareness that Influencers  are not defined by following any absolute criteria, such as numbers of followers, for instance, but rather contextually directly related to a specific area of expertise

 Hence, what criteria do they trust in to be able to identify the real Influencers  within the scope of their own ecosystem?

Who is an Influencer?

According to those surveyed, an Influencer should have the following attributes:

  • 79% pointed Echo, in other words, being able to mobilize opinion and creating reactions when they talk about a specific topic
  • 73% pointed Exposure, which reffers to the potential audience and the size of the influencer’s community on a specific area
  • 62% pointed Share of Voice, which reffers to the Influencer’s high degree of participation in a conversation on a given subject

Influencer Definition

Juan Merodio,Digital Marketing, Social Networks and Web 2.0 expert, comments:

Juan Merodio - Marketing de Influencers
I feel everyone to a certain extent is an “Influencer ” as it seems to me that when we tend to talk  about Influencers  only in those cases in which the Influencer  reaches 1,000’s or even millions of people..but why shouldn’t  those people who influence all of those around him/her on a daily basis be called Influencers as well ? I believe that at this point in time we should be taking into account both micro and macro-Influencers  as both groups are critical.

 

Aleyda Solís:

Aleyda Solis Marketing de influencers
Beyond having their content shared and a relevant audience, I would say that influencers are thought leaders and authorities whiting a sector, who actually “influence” their audience around a specific topic, by having an effect on the way they perceive or interact in a specific area or discipline.

Two characteristics that DO NOT make a person an influencer

Two of the least voted characteristics among those surveyed in respect to defining an influencer were the following:

  •  A mere 23% feel a well-known celebrity is an Influencer
  • No more than 9% see Klout as being a valid criteria  for defining the influence exerted by a person over the Internet.

In Spain, Klout has a greater degree of importance in defining who is an Influencer as 10% of those surveyed take it into account within their own Influencer Marketing strategy.   On the other hand, France was found to be the market where Klout has the lowest rating as only 5% feel that a person with a high Klout scoring is deemed to be influential.

The gap may also be seen by comparing the views as expressed  by marketing practitioners and those stated by communication experts. A mere 3% of marketing practitioners felt that Klout is a reliable source yet 15% of those involved in either communication or PR felt it is.

Juan Merodio:

Juan Merodio - Marketing de Influencers
A celebrity is a famous person yet an Influencer does not have to be famous. As a matter of fact nowadays it is no longer required to be famous to have a high degree of influence as the democratization process within the scope of communications led by the social media has enabled networks to be created by highly influential people, in  many cases much more influential than any celebrity

 

Interact and collaborate with Influencers

Interact with Influencers - Intro

Once the target has been successfully identified, capturing  the Influencer’s attention and creating an on-going relationship with them is far from being an easy task.  56% of those surveyed mention this as being their prime challenge and this figure is even higher in the case of France, reaching 66%.

What channels are the most suitable  for contacting and collaborating with Influencers?

What situations are deemed to be strategic for collaborating with Influencers (and which ones are not)?

While interacting with a brand, what do Influencers expect in return?

What channels do you use to contact Influencers?

  • 66% think email is a suitable channel to contact an Influencer
  • Twitter comes in second with 57%
  • The Influencer’s own Blog is being used by 52%
  • Only 29% of those surveyed see Facebook ,  while being the most popular social network for companies and users, to be a valid channel for contacting Influencers.
  • The least used channels are forums (11%) and Google+ (6%)

80% of the UK market stated that email was most effective manner.  Some users feel that face to face contact with Influencers or meeting them at events are the best approaches.

Channels to contact with Influencers

David Soler, Digital Marketing and Business Advisor, remarks:

David Soler - Marketing de InfluencersEmail is not only the best way to establish the initial contact but I also feel it is the least intrusive and the best way to introduce a brand  (if you do not have a suitable email address, you may also post in  the contact’s blog).  In respect to the most appropriate approach, I feel the Influencer must feel that the brand has a true interest in his/her participation. A brief explanation about why they are being contacted , a link that will provide information about who the brand is and, whenever possible, further details regarding the campaign itself will be helpful in  establishing  this degree of trust with the possible influencer

 

Scenarios in which the influencer’s role is deemed to be strategic in nature

In earlier times, the scenarios in which communication practitioners played a very minor role in creating a relationship with journalists were the following: sending out Press Releases, participating in Press Conferences, having “one-to-one” brunches and not much else. Yet within the scope of Influencer Marketing, the scenarios are slightly more varied, among which we should highlight the following:

  • Product launching  (76%)
  • Content promotion and distribution (57%)
  • Events/webinar  promotion (50%)
  • Crisis management (44%)
  • Corporate communications (22%)

Scenarios for working with influencers

Cristina Aced, journalist and independent PR advisor told us:

Cristina Aced - Marketing de influencers
Some companies have realized that a few bloggers, YouTubers, Instagrammers… have  greater influence on their target group than traditional media and so they don’t hesitate to contact those new Influencers to enhance their own brand visibility 

 

 

Influencers’ role in product communication

76% of all communication experts rated the role being played by  influencers in product communication as being “important”,  82% being agencies and 74%  companies. When we look at another aspect however we see that only 31% organize product tests and a mere  17% send out gifts or samples to their influencers. On the other hand, our findings showed that events were the main type of interaction being used in respect to product launching  (55%).

Product communication and influencers

Influencers’ role in Content Marketing

Influencers seem to be playing a key role in developing branded content. 44% of those surveyed tend to collaborate with their Influencers during the content creation process (co-creation, guest articles, interviews, etc.). This practice was found to be even more commonplace in France (56%).

Those surveyed tend to count on Influencers’ role in order to successfully  spread their contents:  64% of all Marketing experts mentioned it as playing a critical role. 54% of all Communication and PR practitioners agreed.

Content Marketing and Influencer

Influencers’ role in corporate communications

46% of those surveyed state they send out Press Releases to their Influencers. This trend was found to be even greater in the French marketplace (50%) when compared to the Spain where only 30% admit sending out Press Releases to their Influencers.

Only 22% think it is effective to have Influencers involved in spreading Corporate communications

David Soler:

David Soler - Marketing de InfluencersThe main Challenge will be avoiding saturation in respect to the number of requests being made to get them to play a role in campaigns and secondly avoid sending out the wrong message. I tend to receive 1 or 2 requests per week and I’d guess that around 50% of these requests are simply not interesting for me, not because they aren’t worthwhile but rather due to the fact it doesn’t  make any sense to post them in my blog nor do they fit  in my own personal branding policy. I do agree that the main Challenge for a company involved in WOM is to be able to detect who the influencers are and then accurately define what they are interested in. This Challenge requires spending enough time to properly analyze the Influencer, get to know him/her..as if they were part of our target group..and as a matter of fact, to some extent they really are!”..

What do influencers expect from brands?

The practitioners who were surveyed feel that Influencers tend to be more receptive to receiving benefits that will enable them to enhance the quality of their own contents (collaboration, information…) rather than material profits (monetary rewards, gifts…).

This opinion is even more pronounced in Corporate Communication and Marketing Departments, where 64% feel that influencers tend to appreciate either receiving relevant information or providing support in content creation.  Those working in agencies responded by saying that monetary rewards was viewed as being the most important criteria in influencer attention (20%)

Influencers Expectations

Juan Merodio:

Juan Merodio - Marketing de InfluencersI would accept any Good Practice provided by a company in one way or another if I think it will add value and lead to a message that will reach the proper people. At the end of the day, brands create products and services that improve their customers’ lives (or at least this should be the case as it is not always true) and so,  if I am somehow able to help improve someone level of life, I’ll always be more than willing to do so

 

Aleyda Solís:

Aleyda Solis Marketing de influencers
What I am expecting from a company will depend on what they are asking me to do but I would expect some type of compensation if I don’t have any type of previous relationship with them. For example, if it’s a product review, testing or feedback I would expect free access to it. 

 

Measure the ROI derived from influencer marketing actions

Evaluate your Influencer Marketing ROI - Intro

Measuring ROI derived from these actions appears in the third spot among the concerns expressed by those surveyed (44%).

Nonetheless, this is the prime concern stated by agencies (58%) as being able to prove a clear cut return on their actions is a Critical Success Factor in their business.

In the UK market, being  more mature than either  those in France or Spain  in respect to Influencer Marketing,  this measuring is also being viewed as their main concern (71%).

What budgets are being spent on Influencer Marketing at this point in time?

What indicators are being used to measure the effectiveness of this type of campaigns?

Budget Invested and Outlook

  • Most  of those surveyed invest between 1 and 20% of their overall spending  (48%)
  • 16% of those surveyed  do not invest anything  in their Influencer relation management .
  • 9% invest between 21 and  40% of their Budget

44% of those surveyed stated that they will be increasing their Influencer Marketing budget in 2014.  And In those cases where they are already investing over 20% of their total spending this figure rose to 61%.

Influencer Marketing Budget Invest

David Soler: 

David Soler - Marketing de InfluencersIt’s necessary to invest in Influencer Marketing and for numerous reasons. The most practical one is that in today’s world a blog has a high degree of influence on consumers. Many bloggers, and even more so in the areas of clothes or travel planning, have taken on the role that traditionally was in the hands of critics and now their readers are eagerly awaiting their recommendations. And then there is the way brands position themselves on the web, thanks mainly to the links that may be offered by their Influencers. This is true as long as their digital media strategy is well planned

 

What indicators are they using to measure the effectiveness of their influencer actions?

  • 65% measure their effectiveness by the number of times that they are mentioned in blogs or in social media.
  • 51% look at the number of times their content has been shared.
  • 42% according to the web traffic being generated.

Yet only 31% use business-based criteria, such as the number of sales opportunities that have been created.

Cristina Aced:

Cristina Aced - Marketing de influencersWith Influencers, we tend to measure effectiveness in the same way we measure our relations with other traditional media while tweaking  certain online metrics, such as the number of times the brand has been mentioned in social media, analysis of the contents in these mentionings, user reactions to this type of repercussions (comments posted , “I like’s”, RT’s…), the brand’s web positioning, traffic being generated to the corporate website/blog /online store…yet we must not forget that we should never mix quantitative and qualitative evaluations

 

Effectiveness of applying an influencer marketing strategy

69% of those surveyed state that their Influencer Marketing strategy is effective or that it obtains the desired results.  This figure rises even further (80%) in those cases in which the practitioners that have been working with Influencer Marketing for 2 years or longer.

The effectiveness of an Influencer Marketing strategy is also linked to the budget being invested:

  • Among those surveyed who are not investing in Influencer Marketing only 10% feel that it is either effective or very effective.
  • Those who are investing between 1 and 20% of their budgets 35% deem it is either effective or very effective
  • When we look at those who are investing between 21 and 40% of their budget 51% feel it is either effective or very effective.

Juan Merodio

Juan Merodio - Marketing de InfluencersI think there are going to be more and more  actions focused on Influencers yet once that has been said,  a well-designed Influencer Marketing campaign should be more concerned with quality than quantity. This means if we were to make our choice based on quantity using the number of followers on Twitter, Facebook fans or  Youtube views for instance as our criteria this would be a mistake as these numbers cannot be bought. 

 

Aleyda Solís:

Aleyda Solis Marketing de influencers
Thanks to the maturity that online marketing investments and campaigns are experiencing, along the launching and evolution of tools with deeper analysis and easier segmentation capabilities, I would expect “influencer marketing” actions to be refined, by connecting with the real influencers of the relevant sectors, specific KPIs, goals and ROI in mind.  

 

influencers

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