MARKETING INFLUENCER - Wavemakers

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Transcript of MARKETING INFLUENCER - Wavemakers

INFLUENCER MARKETING

FOR HOTEL BRANDS

BY WAVEMAKERS

What type of influencer are you working with?

“2019 will be the year

of the micro and nano influencers.

“In 2019, brands will shift

from transactional strategies to invest in cultivating organic

relationships in-house with influencers and

longer term partnerships with paid influencers.

“Brand marketers will focus on creating an advanced

approach for measuring success including

quantifying the impact influencer programs

actually have on marketing objectives. This advanced

approach will deliver deeper insights into how to optimize

influencer investments for stronger alignment with

business goals.

▹ Hotels need to set aside annual marketing budget for influencer marketing

▹ Hotels need to curate their marketing strategies towards authentic messaging through influencers.

▹ Hotels need to be aware on how to select the influencers that are in line with their target audience.

Where does this leave hotels?

How do we pick the right influencer for our campaign? Performing an audit on an influencer should be common practice if influencer outreach is part of your annual marketing strategy.

Influencer

Audit

Example:

PinnyWooh

Influencer

Audit

Example:

PinnyWooh

Influencer Audit Example:

Action Data

Name of Influencer PinnyWooh

Social Media HandleLink to social media account

https://www.instagram.com/pinnywooh/

Total FollowersReview the total number of followers the influencer has

167k

Total FollowingsReview the total number of accounts the influencer is following

218

Total postsReview the total number of posts the influencer has shared overall

2070

Content typeTask: Review the last 50 posts and the top 3 content categories that have been posted. Categories: Beauty & Fashion, Travel & Tourism, Art & Design, Business & Careers, Restaurants, Food & Grocery, Children & Family, How to & Style, Fitness & Yoga, Photography, Movies & TV.

Travel & TourismPhotography

Average LikesTask: Review the last 50 posts and calculate the average likes that was collected per post. Formula: Total Likes from 50 posts / 50Example: 50,000/50 = 5000 likes per post

9883 likes

Average CommentsTask: Review the last 50 posts and calculate the average comments that was collected per post.Formula: Total comments from 50 posts / 50Example: 50,000/50 = 5000 comments per post

622 comments

Followers profile - Mass FollowingTask: Review a minimum of 100 profiles of the influencer‘s followers list and calculate out of 100 how many of them are following more than 1500 accounts The more you check the followers list, the more you have a likely calculation of the number of people who are likely to see the influencer’s post.

13/100 x 100 = 13%

Followers profile - Core GenderTask: Review a minimum of 100 profiles of the influencer‘s followers list and calculate out of 100 how many of them are Female vs Male.

80/100x 100 = 80% female

Influencer Audit Example:

Audit aspects: The BasicsHow to tell what are fake andwhat are real followers?

1. Check the followers/following lista. Are the influencer’s followers following more

than 1500 accounts?b. Do the followers accounts post authentic

images in their own feed?c. Is the influencer herself following more than

1500 accounts?2. Check the comments on the influencers post

a. What is the average amount of comments on their post?

b. What kind of comments are being left on each post? Is it generic? Is it spammy?

Example of

inauthentic

Comments on

influencers

profile

Example

of a

Mass

follower

account

Example of Suspicious Influencer

Is there a simplerway to audit an

influencer?

YES, THERE IS!

At Wavemakers, we are auditing in detail using Instagram API

For more details, do contact our team member to learn more.

How do Imeasure ROI?

Calculating the ROI

Key Formulas:

Engagement Rate = Total Likes + Comments / Total Followers

Estimated reach per post = Total Engagement Rate/100 x Total Followers

Cost Per Reach =Cost per post/Est Reach Per Post

Total Followers: 525,540Average Likes: 4962Average Comments: 8Average Engagement Rate: 0.94%Average Reach per post: 4940Rate Card for 1 posts: $5500Average cost per reach: $1.11

Post Sample 1: February 1 2019

Total Likes: 5706Total Comments: 19Total Engagement Rate: 1.08%Cost per post: $5500Est. Reach p/post: 5676Cost per reach: $0.97

Total Followers: 525,540Average Likes: 4962Average Comments: 8Average Engagement Rate: 0.94%Average Reach per post: 4940Rate Card for 1 posts: $5500Average cost per reach: $1.11

Post Sample 2: February 17 2019

Total Likes: 4912Total Comments: 12Total Engagement Rate: 0.93%Cost per post: $5500Est. Reach p/post: 4888Cost per reach: $1.13

Calculating the ROI

Key Formulas:

Engagement Rate = Total Likes + Comments / Total Followers

Estimated reach per post = Total Engagement Rate/100 x Total Followers

Cost Per Reach =Cost per post/Est Reach Per Post

HOW TO CALCULATE THE ROI?Key Formulas to Note:

Engagement Rate = Total Likes + Comments / Total Followers

Estimated reach per post = Total Engagement Rate/100 x Total Followers

Cost Per Reach = Cost per post/Est Reach Per Post

TRY AUDITING AT WORK!

Find an influencer you were thinking of working with, and use the worksheet to audit them.

What benefits will influencer auditing provide for a hotelier?

▹ It allows you to carefully select your influencers through getting to know their audience.

▹ It allows you to negotiate prices with influencers from what their data represents.

▹ It allows you to see your ROI by calculating the cost per reach.

▹ It allows you to set a benchmark of how you want your influencers to represent your brand.

Tips to ask the influencer before you engage with them

▹ Who is their existing audience?▹ Do they have a rate card?▹ What is their most engaging content

from their audience?▹ What is the best time to post for their

audience to have the maximum reach?▹ Are they willing to do extra posts if the

cost per reach does not meet their average rates? (for example IG stories)

▹ Are they open to giving links in bio or swipe up opportunities for the brand?

“2018 has proven influencer

marketing isn’t going anywhere. The key thing in 2019 is for brands to work

with influencers that are the most relevant with their

audience and are willing to be transparent with their

stats.

THANK YOU

www.wavemakers.cocontact@wavemakers.co

Q & A