Business
5 Things to Look for in Influencers for Small Business Campaigns
Influencer marketing has evolved into a multi-billion-dollar industry throughout the past few years. Big companies from every industry have been known to employ this strategy. Influencer marketing can assist brands in reaching their goals in branding as well as engagement, sales and much more.
And you don’t need to be a large corporation to benefit from influencer marketing. Small, local businesses are able to benefit from the method, too.
But, the success of your campaign is contingent on identifying the best social media influencers to promote your brand. It can be daunting at times, especially for smaller brands with few resources.
So, if you’re a smaller company that is interested in influencer marketing, read on to learn what you should be looking at when it comes to finding influencers.
Before we begin – where can you find influencers?
There are three methods of locating influencers:
- Social media
- Influencer marketing platform
- Influencer marketing agency
The most efficient way to accomplish this is through an agency. However, it’s also the most expensive choice, which is probably not an option for many small-sized brands. And an influencer marketing platform requires a subscription, but it’s much less than an agency.
Utilizing this kind of software, you’ll discover influencers more quickly than if you use social media in a direct manner. However, if you have a very limited budget, do not rule out searching directly on social media. It’s not the easiest method and requires more manual work, however it’s completely free.
To decide which option is most suitable for you, consider your goals, the resources available and your budget. Whatever option you choose, it is essential you have access to performance metrics. They can be obtained through the agency you choose to work with or from an influencer marketing platform, or you can request that influencers provide you with their media kits.
What to look out for when it comes to finding influencers
Let’s examine the various metrics and characteristics small-scale businesses should take note of when it comes to influencers.
- A follower count that fits with your budget
Prices for influencers are affected by a number of variables, including follower count, engagement rate, country, as well as the type of content you’re asking them for.
Follower count is among the easiest methods to quickly gauge more or less how much an influencer will cost. To explain more about this, let’s first arrange influencers into six tiers:
- Nano influencers, 1-5K followers
- Micro influencers, 5-50K followers
- Medium influencers, 50-100K followers
- Macro influencers, 100K-1M followers
- Mega influencers, 1M+ followers
- Key opinion leaders, no particular range of followers.
The Medium tier is where influencers start to exclusively accept collaborations that include some type of fee for services, and rates begin to get higher faster. Mega influencers can cost tens of thousands of dollars per post, or even more! The unfortunate truth is that if you’re a small company, you simply can’t afford this.
Likewise, a KOL (or key opinion leader) isn’t always the best option for you, either. KOLs are respected experts in their industries, and their influence isn’t limited to social media (that’s why they have no set follower range). They can also be expensive and difficult to communicate with, due to very busy schedules. So for small companies, it’s better to look elsewhere for your collaborators.
Fortunately, there are plenty of alternatives for small-sized companies. Nano influencers, who have 1-5K followers, typically work with brands for free products alone. Micro influencers, with 5-50K followers, might collaborate for free products alone, or for products plus a small fee.
You might think that these influencers, with relatively small numbers of followers, won’t be able to make any difference in your marketing campaign. But don’t be fooled, as they have the highest engagement rates among all influencers, which leads us to the next point.
- Good engagement rate
Engagement rate is the measure of the interaction between an influencer and their followers. The more followers trust and like the influencer’s content, the more they’ll interact with it. And, the closer an influencer’s connections are to their audience, the greater chance they have of translating this engagement into a relationship with your company.
As small businesses don’t have the resources to pay for influencers who have millions of followers across the globe, it’s more effective to market your brand to highly engaged, specific niches. You connect with fewer people, true. But, quality over quantity.
So how can you tell if an influencer has a good or bad engagement rate? Compare their rate with the average engagement rate of similar influencers. This can be done using the help of an influencer marketing platform, or get the influencer’s media kit and research the benchmarks of their segment.
Be aware that engagement rates averages differ based on the categories, social networks, and number of followers. Don’t make the mistake of comparing TikTok creators with the rates of Instagram influencers, for example. Also, don’t compare fashion influencers who have 5K followers against sports influencers with 500K followers.
Also, be on the lookout for extremely low or high engagement. If it’s extremely low, it means that people are not interested in the influencer’s content. Or, their followers might be inactive or fake. If it’s very high, it could indicate that the influencer has purchased fraudulent engagements (like fake comments or likes).
- An authentic and genuine audience that matches your goals
Every marketing campaign must keep its target audience in mind. You can’t succeed if you don’t know who you’re directing your campaign at. Knowing your target audience also helps you make better choices when choosing which influencers to work with.
When you’re finding influencers, analyze their audience in addition to their performance stats. Examine demographics, such as gender, age, country, interests and language, to ensure that the influencer has the ability to get you in touch with the right people. If you don’t have access to these details, ask the influencer for that info.
An audience location analysis, showing that more than half of this influencer’s audience is interested in surfing.
When you look at the audience of an influencer, be sure to verify the authenticity, too. Perform an audit on fake followers to eliminate those influencers whose audiences are made up of mostly bots. False followers are said to have cost companies $1.3 billion in the year 2019. And as a small company with a small budget, it’s important to avoid wasting your marketing dollars on bots.
An authenticity analysis showing that 8.46% of the influencer’s followers have exhibited some type of suspicious behavior.
There are several ways to identify the presence of a bot:
- No profile photo or biographical details
- Names that appear to be random string of numbers and letters
- Very little or no content, or content that looks like ads
- Comments that appear out of place or unnatural, as they were they were not written by a real person
Validating the authenticity of your audience is a vital step in making sure that you choose the best influencers to promote your small business.
- Local presence
Large brands have the ability to work with influencers around the world because their businesses are internationally based. However, for small businesses the rules are different. And it is better to remain local.
Why is that? Local influencers will be able to better understand the culture of your brand and may even come to visit you if you have a physical store or location. In addition, local influencers can help you connect with people who live in your region, who are, at the end of the day, the people who are best positioned to become your customers.
- Personality and content that is aligned with your brand
The last one applies to every brand that is involved in influencer marketing: Look for influencers who are aligned with your company. That is, followers shouldn’t have to wonder why the two of you have teamed up.
This can’t be quantified by data, therefore it is essential to examine the profile of an influencer and trust your intuition. Think about questions like:
- Does this influencer produce content in the same style that my company does?
- Is their content quality in line with my expectations?
- Will their voice be able to transmit my message?
- Does the influencer uphold the values of my brand?
- Does their style mesh with my own?
Prioritizing influencers who align with your brand’s values can lead to more authentic, credible collaborations.
Conclusion
Influencer marketing is an enormous market, and even small businesses can utilize this technique to improve their performance. Remember that the success of this strategy is contingent on the selection of the best influencer to work with.
Business
Enhancing Team Productivity through Effective Feedback
In today’s competitive work environment, enhancing team productivity is vital for any organization’s success. Effective feedback, a cornerstone of performance management, can significantly improve productivity by providing employees with clear guidance, motivation, and support. It fosters an environment where team members feel valued, understand their contributions, and know how to align with team goals. In this article, we explore the impact of effective feedback on productivity, strategies to deliver it well, and ways to embed it into performance management systems.
How Feedback Improves Team Productivity
Feedback helps team members understand their strengths, identify improvement areas, and connect their work with team objectives. This clarity boosts productivity by encouraging employees to focus on tasks that truly matter and improving their skills along the way.
- Improving Clarity and Focus: When expectations are clear, employees have a better understanding of how to prioritize their tasks. Feedback clarifies these expectations, helping team members see the bigger picture and work toward common goals. This clarity not only improves individual performance but also aligns the entire team for better results.
- Building Confidence and Reducing Fear of Failure: Constructive feedback reinforces strengths and helps employees feel more confident in their roles. By framing feedback in a way that promotes growth, managers create a safe space for employees to take initiatives, make improvements, and focus on skill development. When employees feel empowered and unafraid of making mistakes, they are more likely to contribute to the team’s productivity.
- Increasing Accountability and Engagement: Regular feedback establishes a culture of accountability. Employees understand that their performance is observed and appreciated, motivating them to maintain or improve their efforts. It also increases engagement, as team members feel their work is valued and that their growth matters to the organization.
Characteristics of Effective Feedback
For feedback to truly enhance productivity, it must be structured and delivered effectively. Here are some qualities that make feedback productive:
- Specific and Actionable: Feedback should be clear, detailed, and actionable. General feedback like “good job” or “needs improvement” lacks guidance. Instead, feedback should include specific examples and suggestions on what to keep doing or change. For instance, saying, “Your presentation was engaging and well-organized, especially the visuals,” provides clear insight on strengths.
- Timely and Regular: Feedback should be given promptly, soon after the event or behavior it addresses. This ensures relevance and allows employees to make immediate improvements. Regular feedback sessions, whether through one-on-ones or check-ins, keep team members aligned and focused.
- Balanced and Constructive: Effective feedback includes a balance of positive reinforcement and constructive criticism. Acknowledging achievements and areas of strength builds confidence, while constructive criticism supports improvement without discouraging employees.
- Two-Way Communication: Feedback should be a dialogue, not a monologue. Encouraging employees to share their thoughts and ask questions helps create mutual understanding. When employees feel comfortable sharing their perspective, they are more open to feedback, fostering a culture of trust and respect.
Implementing Feedback in Performance Management
Integrating feedback into a performance management system provides structure and consistency, making it a continuous part of the team culture. Here’s how to embed feedback effectively within performance management:
- Set Clear Expectations: Clear expectations lay the groundwork for productive feedback. When team members know what is expected of them, feedback can be more targeted. Regular performance reviews, along with informal check-ins, provide an opportunity to reinforce these expectations and address any gaps.
- Create Continuous Feedback Loops: Annual reviews alone aren’t enough for modern work dynamics. Establishing continuous feedback loops—where feedback is given regularly—ensures that employees can adjust their actions promptly. This keeps the team on track toward their goals, fostering a culture of continuous improvement.
- Incorporate Peer-to-Peer Feedback: Feedback from peers can be just as valuable as feedback from managers. Peer feedback helps team members gain a well-rounded perspective, build camaraderie, and improve collaboration. It also distributes the responsibility of feedback, creating a supportive and communicative team culture that boosts overall productivity.
- Focus on Developmental Feedback: Feedback should not only address current performance but also encourage skill development. By focusing on growth areas that align with the employee’s career goals, managers can inspire improvement and commitment. Developmental feedback within performance management emphasizes growth, building a team that’s continually improving in skills that benefit the organization.
- Leverage Digital Tools for Real-Time Feedback: Performance management tools can help streamline the feedback process. Platforms that enable real-time feedback make it easier for managers and employees to track progress, set reminders for regular feedback, and maintain records of growth. With digital tools, feedback becomes an efficient and integral part of everyday team dynamics.
Conclusion
Effective feedback is a key driver of team productivity. By providing clarity, building confidence, and encouraging accountability, feedback empowers employees to perform at their best. When embedded within a performance management system, feedback transforms from occasional advice to a continuous improvement tool, fostering a positive, high-performance culture.
Organizations that prioritize effective feedback in their performance management strategies will see a more engaged, motivated, and productive workforce. In the end, when team members feel guided, valued, and aligned with organizational goals, they are more likely to go above and beyond, contributing to the success of the team and the organization as a whole.
Business
Home Office Haven: 6 Tips for Putting Together Your Perfect Home Office
Working from home has become increasingly common, and having a well-designed home office can make a big difference in your productivity and job satisfaction. Whether you’re converting a spare room or carving out a corner of your living space, here are seven tips to help you create the perfect home office.
1. Choose the Right Location
The first step in setting up your home office is finding the right spot. Look for a quiet area with minimal distractions and plenty of natural light to keep the good vibes going. Consider using a spare bedroom, a section of your living room, or even a converted closet if space is tight.
If you’re in the process of buying a new home, take the time to explore display homes to get ideas for potential office spaces. This can help you envision how different layouts might work for your needs.
2. Invest in a Good Chair and Desk
Since you’ll be spending a lot of time in your office, it’s crucial to have comfortable, ergonomic furniture. Choose a chair that supports your back and allows you to keep your feet flat on the floor.
Don’t be afraid to try out different options before buying. A standing desk or a treadmill desk might be worth considering if you want to reduce the amount of time you spend sitting.
3. Organize Your Space
A clutter-free workspace can help you focus and be more productive. Use shelves, drawers, and storage containers to keep your supplies organized and easily accessible.
Consider using a filing cabinet for important documents and a cord management system to keep cables tidy. Make sure to label everything clearly so you can find what you need quickly. Remember, a place for everything and everything in its place.
4. Light It Right
Good lighting is essential to reduce eye strain and maintain your energy levels throughout the day. Bring in natural light whenever possible. For darker days or evening work, use a combination of overhead lighting and task lighting, such as a desk lamp.
Also, avoid placing your computer screen directly in front of or behind a window to prevent glare. If you can’t avoid this, consider using curtains or blinds to control the light.
5. Create a Background for Video Calls
With video calls becoming a regular part of many jobs, it’s important to have a professional-looking background. Choose a wall in your office to serve as your video call backdrop.
Keep it simple and uncluttered, but consider adding a few tasteful decorations or a bookshelf to make it visually interesting. If you don’t have a suitable wall, you can use a room divider or hang a curtain to create a makeshift background.
6. Think About Your Tech Needs
Finally, make sure your office is set up to meet your technology needs. This might include:
- A second monitor if you often work with multiple windows open
- A good quality webcam and microphone for video calls
- A printer, if you frequently need hard copies of documents
Don’t forget about power needs – make sure you have enough outlets for all your devices, and consider using a surge protector to safeguard your equipment.
Create a Space That Works for You
Creating the perfect home office takes some thought and effort, but it’s worth it in the long run. A well-designed workspace can boost your productivity, reduce stress, and make working from home a more enjoyable experience.
Remember, your office should be tailored to your specific needs and work style, so feel free to adjust these tips to suit your situation.
Business
The Perfect Domain: What to Consider When Choosing Yours
The domain name may seem insignificant to business owners new to the online game. After all, it’s just a sequence of characters that contains your business name, right? How important could it be? The customers will figure it out in the end…
Well, you may be surprised to learn that it actually plays an integral role in your marketing strategy. For many customers, your web address is the first impression it has with your business, and therefore it must be easily-memorable and searchable.
Otherwise, they may give up on visiting your website before they’ve even really considered your awesome product offering!
With this in mind, here are some important considerations when choosing your web address:
- It should be simple
When it comes to domain name registration, nothing is more off-putting to a customer than a convoluted web address. They should be able to hear your web address from a friend or see it on a flyer before immediately searching it on their smartphone or, at the minimum, be able to remember it upon returning home.
Let’s say you run a technology repairs store called “Easy Technology Repairs”. Sure, you could include all of this in your web address and make it read something like “www.easytechnologyrepairs.com.au”. But it’s simply far too long and the customer will likely have a hard time remembering all that when it comes time to choose your service to fix their television.
Instead, you could choose something as simple as “www.easytech.com.au” and the customers will have little trouble remembering it when they jump on the train or get home to their laptops. A simple and easily-memorable web address makes it much easier for the customer to remember and this will help drive conversions.
- It should typically only contain letters
With the exception being if your actual business name actually has numbers in it. Let’s say you run a travelling tailor and dry cleaning company called “Tailors To You”. Sure, the web address “www.tailors2you.com.au” may look sleek, but it can also confuse the customer who has already seen your name spelled “Tailors To You”.
Therefore, when they go to type the web address “www.tailorstoyou.com.au” and find that it doesn’t come up with your website they will be immediately deterred and look for your product through a competitor. Therefore, you should only include numbers (and special characters for that matter) if they are actually included in your business name!
- It should pertain to your business
There is nothing wrong with including a special keyword in your web address if it actually pertains to your business. For example, you run a pool building company called “Sweet Summer” but don’t actually have the word “pools” in the business title.
One of the best things you can do here is include the keyword “pools” in your web address to make a web address like “www.sweetsummerpools.com” to ensure that both your clients and search engines like Google know what kind of content can be found on your website.
This will not only make it easier for prospects to remember your web address, but it also works well for Google, who absolutely loves knowing what kind of content can be found through a business’s web address. The search engine will have little trouble categorising your website and will therefore be likely to rank it higher in the search engine results pages!
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