Downturns test resilience. How do brands prevent influencer strategy collapse during downturns?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
There are several ways for brands to ensure their influencer marketing strategy remains steadfast even during downturns:
1. Diversification: Don’t rely on a single influencer or channel. Maintain a mix across micro and macro influencers and platforms like Instagram, TikTok, YouTube etc. This reduces risks associated with any one influencer or platform facing issues.
2. Communication: Regular, open dialogue with influencers is crucial. Understand their challenges and brainstorm solutions together. This nurtures relationships and increases collaboration.
3. Budget Forecasting: Allocate a portion of the budget for challenging times. This ensures there’s always money for maintaining the influencer strategy, even when budgets are cut.
4. ROI Focused: Make sure all campaigns have clearly defined objectives. Leveraging influencer marketing platforms like Flinque, which provides rich audience analytics and ROI measurement, can aid in this.
5. Agility: The ability to pivot can ensure the survival of a brand during downturns. Experiment with different types of content, influencers, campaigns and use analytics to know what works.
6. Long-term partnerships: During downturns, influencers may be more open to longer, more stable contracts, which can be beneficial for brands. It assures brands of a committed, reliable partner during challenging times.
7. Organic Content: Encourage influencers to engage with your brand organically. This not only builds a more authentic relationship but can also be an economical solution during downturns.
Be reminded that not one platform fits all. While Flinque excels at audience analytics and ROI measurements, other platforms like InfluencerDB excel at finding and vetting influencers. Brands should carefully consider their team needs while choosing a platform.