
Ogilvy study says B2B is increasingly using influencer marketing
Influencer strategies are gaining prominence among business-to-business brands and outperforming brand-only marketing by 67%.
INFLUENCER MARKETING
By our News Team | 2022
Micro-influencers are particularly in demand due to their ability to authentically communicate with a brand’s customers.
Meltwater, one of the world’s leading media monitoring and social media analytics providers, has reported a significant growth in influencer marketing, noting an increase in sponsored posts of almost 27 percent.
The company’s recently released State of Influencer Marketing 2022 report says there was also a 33 percent increase in sponsored stories, with an average of 16 stories per week. All the latest findings point to the rise of micro-influencers, as well as the overall growth of the social media industry.
Image by Gerd Altmann from Pixabay
Meltwater’s data shows that changing consumer habits have forced brands to prioritise digital strategies and adjust budgets, with influencers playing a significant role in business planning.
Micro-influencers, in particular, have been identified as a key channel for brands to authentically communicate with customers, with around 91 percent of sponsored-post engagement driven by the segment.
Micro-influencers have become the most popular choice for brands due to their high following (5-30k) and reach (5-500k). Their smaller, yet focused, audience makes for high engagement, often driving the best ROI for brands.
The primary focus is on Instagram
“The results suggest influencer campaigns primarily focus on Instagram, while platforms like TikTok are more experimental,” the report states.
“TikTok is the fastest-growing social media platform for influencer marketing. TikTok is more successful in influencer campaigns than YouTube. Likewise, reports suggest brands favour TikTok over YouTube regarding sponsored collaborations, with TikTok accounting for 13% of all influencer campaigns. In comparison, the latter accounts for just 10%.”
The research is based on analysis across the most popular social media platforms – Instagram, TikTok, YouTube and Facebook. The company uses a content-monitoring tool to track keywords and influencer marketing campaigns across the social media platforms, and aggregates and analyses the information accordingly.
“Over the last few years we have been observing continuous maturing of the influencer marketing segment,” said Milda Nair, Regional Customer Experience Director for India, Middle East & Africa at Meltwater.
“Having initially started with ‘experimental’, often manually monitored (screen-shotted) campaigns, influencer marketing now holds a very important position at the digital marketing table.”
Influencer strategies are gaining prominence among business-to-business brands and outperforming brand-only marketing by 67%.
Pieter Boone steps down after a short tenure and is being replaced by Sean Summers, who was CEO until 2007.
Demand for Louis Vuitton and Chanel has declined, study finds. But Balenciaga is on the rise, despite being embroiled in controversy.
Study sets out to determine how valuable product recommendation systems are to online shoppers, rather than the retailer.
Singer-songwriter and global sporting brand have a history of launching disruptive fashion takes on sport styles.
Digital innovations by businesses on the continent will fail unless they are accompanied by high levels of customer trust, study finds.
Wars. Inflation. Infrastructure failure. In spite of difficult times, consumers are making a conscious decision to choose ‘Joy’.
Department of Outdoor Advertisement & Signage becomes one of 11 new members as WOO’s global membership surges.
The most effective strategy to boost email results is email list segmentation. Also test each mail beforehand and avoid bombarding people.
Worryingly, researchers find that 92% of content marketing ads served during one EPL weekend breached key advertising regulations.
An increase in fake reviews and false information, as well as flouting of consumer protection laws, are all possible results of the AI boom.
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.