Companies launching into new markets often spend substantial budgets on advertising and PR in order to create awareness. These investments can be significant when there is no existing affinity between the brand and the solution in target markets.
For example, Orange France faced this challenge when launching Homelive, a connected home management platform for IoT devices. Turning to their influencer marketing platform, Traackr, the company identified and engaged influencers in new communities outside of high tech and marketing to include lifestyle design and connected home. These influencers were engaged to create reviews on their blogs and inspire social traffic.
The result was over 20,000 unique visitors per day on the campaign website along with 14,000 social mentions, a majority share of voice on social media, and first-page visibility on Google on important keywords. The program was successful not because of overspending on ads and PR, but because of integrating specific and relevant influencer communities with content marketing.
Launching into new markets can be an uphill battle to create brand awareness, credibility, and engagement and is a common challenge with companies worldwide. In addition to the costs associated with sophisticated advertising and PR campaigns, increasing consumer demand for quality content in combination with distrust of branded content and advertising has senior marketing executives looking for options.
From the promise of increased consumer trust to better conversion rates and retention rates, content co-created with industry influencers is an attractive approach for many brands that are challenged to keep up with content quantity and effectiveness. According to research by TrackMaven, over the past two years output of content has increased by 78%, but content engagement has decreased by 60%.
In fact, there’s a lot to be optimistic about for senior marketing executives who are considering an influential approach to content marketing. Some 82% of consumers surveyed would follow recommendations from influencers, according to a study by Dr. Johah Berger from the Wharton School, while a study from Burst Media reports an average of $9.60 earned media value for every $1 spent working with influencers.
Both B2C and B2B marketers…
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