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A social media influencer agency is a company that helps brands discover, contact and collaborate with the right influencers.
They assist organizations at every stage of the influencer process, from locating the best business partner to creating content and analyzing marketing campaigns.
These companies serve as the middleman during this partnership and create effective strategies to make sure businesses achieve their desired goals.
By harnessing the power of potentially prosperous connections, a social media influencer agency brings brands’ stories to life and helps engage their target audience.
Influencer marketing agencies specialize in executing high-end influencer programs for organizations and business owners that want to strengthen their online presence.
To help them achieve their specific objectives, they engage in various tasks that may include:
Influencer marketing agencies usually price their services based on hourly and monthly rates. On average, the fees vary between:
Pricing depends on various factors including:
According to Influencer Marketing Hub, the number of influencer marketing platforms and agencies has more than tripled between 2015 and 2018.
These are the top five reasons why you should hire a professional company for your influencer marketing efforts:
61% of marketers claim that finding the right influencers for their campaigns is challenging. (Mediakix)
The success of every influencer marketing campaign depends on whether you have partnered with the right celebrity or industry leader.
However, there are millions of people who have established authority on social channels, which can make identifying the best one quite overwhelming.
If you choose the wrong partnership, it can end up costing you - your money as well as your brand’s reputation.
This is where influencer marketing agencies come in handy. They help you eliminate the time required for researching and managing influencers while allowing you to focus on your internal tasks.
An experienced company will not only ensure you engage in the right partnership, but they will also help you create content, structure campaigns and set and measure your goals without having to hire additional experts.
93% of influencer’s top sponsored posts are not FTC compliant. (Mediakix)
With the increased popularity of influencer marketing, the Federal Trade Commission (FTC) has set strict guidelines that all businesses and influencers should follow.
Yet, too many organizations and industry leaders are violating them. Some are not even aware that certain rules exist.
Influencer marketing companies are always up-to-date with these guidelines and continuously track updates and changes.
They will ensure that during your partnership, you and the influencer you hire follow the best practices so that your brand maintains credibility.
57% of marketers are planning to increase their influencer budgets this year. (Linqia)
You have multiple platform choices when it comes to promoting your brand on social media and choosing the right one can be a key element that can make or break a campaign.
The top five channels marketers used in 2020 are:
While Instagram is the king when it comes to partnering with influencers, other platforms may work better for certain industries.
Campaigns that work well on Tik Tok may go unnoticed on LinkedIn or perform poorly on Facebook.
By conducting thorough market research, the influencer company you hire will get meaningful insights into your target audience to find out where they’re most likely to see your ad which will help you choose the right platform.
While finding the right influencer for your business needs is one challenge, establishing a proper relationship with them can be another.
Celebrities and industry leaders constantly receive new partnership opportunities. This is why they are highly selective about the brands they choose.
There may be companies that offer a higher value to influencers than your brand. Whether it be in the form of cash or free products and services, they will always partner with the brand that benefits them the most.
While a social media influencer agency can help you find the right fit, they can also help you maintain strong communication which matters in running successful campaigns.
They will assist you in producing engaging content, reviewing campaigns and fixing issues to ensure an effective and lasting partnership.
One of the biggest challenges among brands is tracking the success of their partnerships with influencers.
In other words, it is not easy to measure the return on investment (ROI).
However, social media influencer agencies understand the metrics and know the right tactics to pull valuable insights to see how different campaigns perform.
Whether it is through the use of specific tools or within the platforms themselves, they are experts at evaluating the success of sponsored posts.
A good influencer company offers more than just an affordable budget package. Here are the key steps that you should take to ensure you have partnered with the right agency for your brand:
Social media influencer agencies help you partner with the right celebrity or industry leader and promote your products or services online successfully.
They most commonly price their services on hourly rates and approximately charge between $50 and $200 per hour.
Partnering with a professional influencer company will allow you to:
To select the best company for your business needs:
Best of luck!
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