Thursday, March 26, 2015

STUDY: Influencer Marketing Pays $6.50 for Every Dollar Spent | PRNewser

STUDY: Influencer Marketing Pays $6.50 for Every Dollar Spent | PRNewser



By Patrick Coffee 42 Comments


influence


Everyone in PR and digital marketing understands the importance of
influencer-driven campaigns, but a couple of recent research pieces
reinforce its power.


Earlier this month, a survey from digital agency Burst Media
found that influencer campaigns earn “$6.85 in earned media value for
every $1.00 of paid media,” which is impressive enough on its own.


A second survey, released this week by Minnesota-based Tomoson, goes even further in finding that marketers themselves are very “bullish” on the influencer space.


A couple of weeks ago, Matthew Myers of Tidal Labs told us
that the biggest challenge with the current influencer model is scale,
and at least 59 percent of Tomoson respondents want to remedy that
problem with more money:


tomoson


The parties involved also called influencer marketing work every bit
as cost-effective as email…and we all know how dated email campaigns can
be.


One of the reasons for the spending increase is that most marketers
(51 percent) say influencer campaigns result in “better” customers. They
also largely agree on the most effective platforms:


tomoson 3


This is all good news for PR firms that specialize in what Burst Media calls “the modern [version of] word-of-mouth.” As Stefania Pomponi of Clever Girls recently told us,
“we can put dozens or hundreds of influencers on a campaign, and
individual numbers aren’t as important as the aggregate” — and research
repeatedly shows that this aggregate can mean great returns for clients.


An interesting graph from the Burst Media study (available here) concerns the average ROI arranged by the client’s industry:


burst media


So food and fashion are the best markets for influencers.