
How Much Do Brands Spend On Influencer Marketing?

Table of contents
1. What is a micro-influencer? 2. Where would you find micro-influencers? 3. Why do you need micro-influencers? 4. What Are The Benefits of Working with a Micro-Influencer? 5. Four ways to use micro-influencers to gain more customers. 6. 5 Ways to Elevate Your Micro-Influencer StrategyWhat is a micro-influencer?
When we talk micro-influencers, we’re usually looking at accounts with fewer than 25,000 followers.
Where would you find micro-influencers?
Now, this is a question that many of you may be thinking about right now. It is not important that influencers who are famous on Instagram are as famous on YouTube. Similarly, Facebook influencers may not be as known on Pinterest. So, first, you have to understand which medium is suitable for your business. If you think that your primary target audience is on Facebook, you can take help from Facebook micro-influencers. Likewise, you can contact Instagram influencers if IG is the platform for your business.5 Tips on How to Find Micro-Influencers on Instagram

Why do you need micro-influencers?
As people trust the influencers they follow, they tend to purchase the recommended items by them. Influencer marketing is an easier way to target your audience rather than traditional marketing campaigns. On the contrary, micro-influencers, with their less number of followers, can engage with more people and influence them.What Are The Benefits of Working with a Micro-Influencer?
Here are a few reasons that will explain why you need a micro-influencer.Micro-Influencers Have High Engagement Rates
While macro-influencers may have a huge fan base, they do not really communicate with their followers regularly. However, micro-influencers are more accessible to their followers. Micro-influencers generally communicate by replying to comments, direct messages, and other ways.
Micro-Influencer are more cost-effective
Whether you are a small brand or a big one, you will have a budget fixed for promoting your brand. While big brands have enough budget to collaborate with macro influencers, small and medium companies may not have that budget.
Micro-Influencers have up to 22.2 times more conversations regarding recommendations than average consumers.

of consumers reported that they were likely to follow a recommendation made by a micro-influencer.
Micro-Influencers Have Niche Communities
Many of the time, brands just team up with any celebrity to endorse their brands. The celebrity might not even be related to the company’s products or services. Consumers are more aware of what they are buying and who is being associated with the brand. If you want to market a new fried product, you can’t really collaborate with a fitness influencer. You have to connect with someone who is associated with food, each and every form of it. Similarly, when you are launching new beauty products, micro-influencers in the beauty industry are more relevant than any other influencer. However, a recent survey shows that as the number of followers of an influencer increases, their impact on the followers reduces. The target audience of the influencer should match the audience that you target. You can’t really ask a beauty influencer to promote your ERP module, can you? However, there are a few companies that have taken a different approach to influencer marketing. SprezzaBox Inc., Daniel Wellington, Adidas, etc. are brands that are targeting audiences in different spectrums as well. So, these brands are thinking outside of the box and involving influencers who are not directly related to these brands.
Four ways to use micro-influencers to gain more customers.
1. Harness the Hashtags
Prominent players in the business realm, such as Coca-Cola, are well-versed in the realm of influencer marketing. Their #Cokeambassador initiative enlists micro-influencers who frequently share pictures of themselves holding a Coke.
2. Leverage User-Created Content
By encouraging customers to share their experiences, brands gain authenticity and credibility.
3. Sponsored Posts
Collaborate with micro-influencers to display your product within their unique aesthetics. This integration captivates followers, potentially leading to heightened customer engagement. Sponsored posts are a go-to for micro-influencer campaigns.