
Launching a new product during a recession can pay off, study shows
Researchers find fewer competitors and lower manufacturing and marketing costs contribute to product-launch successes during a recession.
INFLUENCER MARKETING
By our African Marketing Confederation News Team | 2024
Study concludes that that nearby nano-influencers are most effective for developing a social media following that generates sales leads.
Researchers from five international universities have published a new article that examines why firms aiming to build a large follower base might be better off focusing on their own follower base, rather than seeking out remote influencers.
The study, appearing in the American Marketing Association’s peer-reviewed Journal of Marketing, is titled ‘Targeting Nearby Influencers: The Acceleration of Natural Triadic Closure by Leveraging Interconnectors’.
User-generated content platforms such as Instagram and LinkedIn understand not only that businesses seek to build and expand their follower base to increase the reach of the content they upload, but also that they apply the follow-for follow approach for this purpose.
Existing research has largely focused on the follower base of influencers. However, there has been scant attention paid to the follower base of the firm.
Photo by Ketut Subiyanto from Pexels
“This is a missed opportunity due to the tendency of the follow-for-follow approach to attract somewhat remote followers who do not necessarily fit in well with the creator’s follower base,” researcher Jacob Goldenberg explains.
The new study considered the case of unpaid endorsements, also known as the follow-for-follow approach, which is a popular way of building a follower base. It concluded that the most straightforward way to build a follower base is to follow second-degree followers.
“We maintain that the creator’s own follower base is an overlooked area in the network for finding surprisingly valuable influencers,” says researcher Andreas Lanz.
Lessons for chief marketing officers
The researchers say CMOs should keep in mind the following lessons when formulating their social media influencer strategy:
You can find out more about the study here.
Researchers find fewer competitors and lower manufacturing and marketing costs contribute to product-launch successes during a recession.
On the positive side, annual study finds that the influence of public relations in African boardrooms is slowly improving.
Samer Chedid moves from a leadership role at Nestlé Indonesia to oversee the company’s business across 25 countries in the region.
Campaign suggesting it’s time for modern consumers to ‘Take a Phone Break’ wins an Outdoor Grand Prix at Cannes Lions 2025.
City says the agency stood out not only for its integrated capabilities, but also for its ‘deep commitment to collaboration’.
Fruit prices rose by a significant 15.5% in May, with notable price increases for watermelons, citrus fruits and avocados.
Brand debuts in the DRC with an outlet in Kinshasa, complementing its existing African presence in Kenya, Egypt and Morocco.
Confederation has fast-paced online Express Courses you can complete in a week, to in-depth studies taking up to 10 months.
World Bank report paints positive picture, but emphasises that enhancing ports and related infrastructure could boost GDP by 4-5%.
More consistent date labels and storage advice – along with bigger print and the use of simple icons – could save consumers money.
Proposed measures include banning advertisements on television, digital platforms and outdoor media when children are the primary audience.
Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.