Instagram Affiliate Marketing
It makes sense. While it’s easy to scroll right past an ad on Instagram of some random company, it’s more much engaging when one actively follows an Influencer who happens to be displaying a product that day in his/her personal feed. This bears out in the data as well. And you really need to know about Instagram Affiliate Marketing.
According to Forester, Instagram has the highest engagement rate of the many social media platforms. This is precisely why affiliate Instagram marketing via Influencer (aka Influencer Marketing) has become a one billion dollar industry today, and the entire Influencer Marketing segment overall is predicted to become a ten billion dollar industry by 2020.
And the biggest surprise? Most companies are happy with the results they are seeing from working with Influencers. A 2016 survey by Linqia showed that 94% of brands found this marketing method to be effective. That’s as high a success rate as you’ll see in any form of marketing that exists.
So in short, working with Influencers on Instagram is a great venue for effective affiliate marketing and you should be doing it.
What to look for in potential Instagram partners.
The main word to keep in mind throughout this entire process is trust.
The reason Instagram Affiliate Marketing works is because of the inherent trust that they have built-up with their followers. Social media influencers are more trusted than A-list celebrities, and what your company is doing is conferring that trust onto your brand.
So the first things you should look for in an Influencer are…
Trusted by followers & niche.
Do your due diligence and research your potential partner. Do any red flags pop up when you Google their name? Is there a bad buzz around them in their specific niche? Do they play well with other Influencers and/or brands? This is important because the minute you attach your brand to a bad Influencer, it may take a long time for your reputation to recover.
Have 2,000 to 15,000 followers.
Does that range of followers seem low? Well, there is a good reason we think you should aim for those with around this amount of fans: the power of the micro-influencer.
Micro-influencers may have fewer followers than you’d think a true Influencer should have, but their audience is far more engaged and loyal than those with millions of casual fans. A survey by Markerly showed double the "like" rate for micro-influencers as opposed to macro-influencers.
So aim for micro-influencers first. You can always snag bigger Influencers later.
Curates a feed in-line with your brand.
Once you see that an Influencer is trustworthy and popular in their niche, it’s time to do a deep-dive into their Instagram feed. Let’s say you’re in the mug business and you find an Influencer all about that mug life.
And another big reason? Cost. Most of the big Influencers work solely on a pay-per-post model, where companies have to shell out hundreds of thousands of dollars for a single Instagram post. Through Instagram Influencer Marketing will be very beneficial for you. Sure, maybe you’re Pepsi and you have that sort of spend. But we’re assuming most of you a) don’t want to spend anywhere near that much, and b) want to work with Influencers on a traditional affiliate marketing model (commission on sale). It goes without saying, it’s much more likely that micro-influencers will work on this model.
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