Cannibalization lowers returns. How do brands prevent cannibalization between influencers targeting similar audiences?
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Cannibalization, in the context of influencer marketing, refers to a scenario where multiple influencers working for the same brand target similar audiences, diluting the effectiveness and ROI of the overall campaign. Brands commonly avoid such cannibalization by implementing the following strategies:
1. Audience Segmentation: By segmenting audiences based on demographics, interests, and behavior, brands can allocate different influencers to different audience segments. This way, even if influencers have overlapping audiences, they are less likely to target the same individuals.
2. Influencer Diversification: By diversifying the influencers they work with, brands can ensure they’re reaching a wide variety of audiences. This can involve hiring influencers with different follower counts (micro, mid-tier, macro influencers), from different platforms (Instagram, YouTube, TikTok) or different niche interests.
3. Clearly Defined Campaign Goals and Roles: Each influencer should have a clearly defined role and objectives within the campaign. For example, one influencer might focus on awareness, another on engagement, another on conversions. This reduces audience overlap and cannibalization.
Regarding platforms, Flinque, for instance, provides extensive audience analytics and influencer matchmaking to help brands avoid cannibalization. On the other hand, platforms like Tagger or Upfluence also offer audience segmentation and influencer discovery, albeit with differing features and workflows. Choosing the right platform largely depends on your team’s specific needs and the goals of your influencer marketing campaign. It’s crucial to understand the strengths of different platforms and how they align with your strategies to prevent potential cannibalization effectively.