Many companies believe they need top social media influencers to truly get the benefits of influencer marketing. This just isn’t true. Here’s why you...
What are Micro-Influencers: The New Wave of Social Marketing
There is a huge group of other social media influencers out there, called micro-influencers or "power-middle" influencers, that actually have a higher engagement rate than their celebrity counterparts.
When most people think about influencer marketing, they think about a brand partnering with a celebrity that has 100,000–1 million followers. What they don't realize is that there’s a huge group of other social media influencers out there called micro-influencers, or "power-middle" influencers, that actually have a higher engagement rate than their celebrity counterparts.
For many reasons, brands are becoming more interested in micro-influencers. There are many limitations when working with larger influencers and celebrities, such as high costs, that you don’t have to worry about when it comes to influencers with a smaller following. If you’re a brand thinking about working with micro-influencers, keep reading to find out if you could benefit from this form of marketing.
What is a Micro-Influencer?
A micro-influencer (also called a "power-middle" influencer) typically has 5,000–25,000 followers that are very engaged. These micro-influencers are all around you and greatly influence your buying decisions—even if you don’t realize it. That one friend that you have on Instagram who consistently posts awesome content and receives many authentic likes and comments? They’re a micro-influencer.
Benefits of Using Micro-Influencers
1. Higher Engagement Rate – A study by Takumi found that Instagram influencers with fewer than 4,000 followers actually have over double the engagement rate of influencers with over 100,000 followers.
2. More Cost Effective – Influencers with over 100,000 followers are expecting much more compensation than micro-influencers. This means that for the same price, you can get an army of micro-influencers posting about your product rather than one or two large influencers.
3. Better Targeting – Many times micro-influencers have a much more defined target audience. For example, if a micro-influencer is into organic/healthy food, there is a good chance that so are a majority of their followers. Most large influencers have a wide range followers with many different demographics and interests.
4. More Content – Instead of one or one large influencers posting once about you, you can get 50–100 micro-influencers posting about your brand. This provides you with tons of content that you can repurpose for advertising & user-generated content campaigns.
Downsides of Micro-Influencer Campaigns
At Statusphere, we’ve worked on many micro-influencer campaigns. We’ve found that the main downside is the amount of time that it takes to manage all the influencers. Luckily, there are platforms like ours that help you do this effectively. At Statusphere, we do all the managing and vetting of the micro-influencers and ensure that they complete their posts on time.
If you are interested in learning more about executing a micro-influencer marketing campaign, contact us to learn how we can help!