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5 Ways Influencer Marketing Can Benefit Small Businesses

Billion of people use social media globally, and it has become fast clear that one of the technologies defining our generation. Facebook states to have 2.38 billion monthly active users and 1.56 billion daily active users (Facebook, 2019). With 42.3% of the global population accounted for, the total number of social media users estimated to reach 3.29  billion in 2022 eMarketer, 2018. Given the enormous potential audience accessible who spends many hours a day on social media, it is not surprising that marketing teams of different companies have embraced social media as a marketing tool. One such very popular social media marketing strategy is influencer marketing. Under this type of marketing, "influencers—people with a sizable following on social media platforms—endorse a company's goods or services to their following. From a market worth of $1.7 billion in 2016 to $13.8 billion in 2021, influencer marketing has demonstrated amazing expansion over the previous six years (Maa...
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How Influencer Marketing Drives Small Business Sales

Instagram's foundation is user sharing of pictures and videos for their community.Indeed, on Instagram users join other accounts and vice versa; they are the followers (Billiot, 2015). Instagram engagement results in likes, comments, shares, and save posts of material by followers. Under their posts, users may also include hashtags, which depending on their

popularity increases visibility and interaction (ibid).Social network online environments let people communicate and share inside rich interest-based groups. Likelihood, comments, and sharing of their content shapes interactions (Shamsudeen and Ganeshbabu, 2018). Influencer marketing also fits this phenomena. This approach uses largely electronic word-of-

mouth and influencers on networks to distribute information and link followers with brands (Pophal, 2016). Instagram is very visual and lets influencers distribute material and interact with their followers; so, influencer marketing is rather common on the platform (Ja social media, interactions between them are more personal in contrast with more interested in the

account and what is posted o Companies

find this intriguing since the more followers an influencer has, the more qualified she is (Conick, 2018). For consumers, highly followed influencers are usually associated with popularity (De Veirman et al., 2017). This is simpler for the consumer to follow and evaluate influencer's thoughts and recommendations since this "popularity" printed in their mind helps them. With a lot of followers, the marketing messages and electronic word-of-mouth travel

really quickly (De Veirman et al., 2017).But a big follower count does not indicate a good fit for the companies or that the influencer is credible for his audience (Conick, 2018; Moore, Yang and Kim, 2018). It also does not translate into follower participation, which is defined by likes, comments, and shares of professional and life content. Unlike celebrities with a lot of followers, SMI become well-known by themselves using social media sites like Instagram or

thanks to a blog (Djafarova and Rushworth, 2017). This is the reason the customer follows and like them. They tend to be closer to them and more socally bonded (Lin, Bruning and Swarna, 2018). Nobody is exactly like another influencer. Though they cover various subjects, their audience in terms of persons and scale differs (e.g., below). The most often discussed

subjects on Instagram are fashion and beauty

(numbers below). Following SMIs helps young people—especially women—to learn more about beauty trends, procedures, and brands (Annalect Finland, 2017). This popularity bred expectations about the look of brands, influencers, and customers. Instagram trends, developed by influencers and companies for consumers, primarily dictate the ideas of beauty

nowadays (Harper, 2019). None of them are markers; it is "an informal way of exchanging information from person to person, none of which is a marketer" (Blythe, 2013, p. 22). This idea is still present but more digital in social media marketing; it is known as "digital word of mouth" (Kwiatek et al., 2020). There are parallels with the word-of-mouth applied in broad

marketing. Usually, it is utilized to advertise goods and services thanks to customer interaction as well as brand-brand communication. Regarding the digital word-of-mouth, companies' communication about goods and services is done via channels under their control—social media among others (Kotler, Armstrong, Harris and Piercy, 2017). Under this idea, influencers talk of brand-offered goods and services traded for money (Bakker, 2018). They share their

viewpoint with the followers potential future

customers. Here, the aim is to involve as many people as possible by disseminating a concept, an opinion, or a brand image so as to inspire them to purchase advertisement like TV advertising for instance.Social networks aim to link and distribute among friends, relatives, and new acquaintances. All the users can easily publish, distribute, and produce material (Venciute, 2018).Information travels rather fast and with great efficiency. Social media has

eliminated the time and geographical restrictions. People all throughout the world can link today around diverse interests (Holt, 2016).For businesses who may now interact with present customers as well as reach possible new ones by dispersing information globally without much effort, this new mode of communication has become a benefit (Saravanakumar

and SugathaLaskshmi, 2012; Venciute, 2018).Companies are thus cautious with their advertising operations, nonetheless, knowing the rapidity of message dispersion on the networks (Saravanakumar and SugathaLaskshmi, 2020). Businesses have to avoid spreading bad signals and hence project how consumers would react to their advertising (ibid).

Conclusion

Shamsudeens and Ganeshbabu, 2018. Social media thus offers businesses a quick avenue to learn from consumers and thereafter, to then, readily satisfy their needs (Saravanakumar and SuganthaLakshmi, 2012).The knowledge of the consumers acquired by the companies with social media helps them to target their goods and services to the corresponding customer groups with the same interest (Saravanakumar and SuganthaLakshmi, 2012). Still,

the exchanges involve not only businesses and consumers. By means of sharing experiences, fostering relationships, investigating online communities, all the people and other organizations can interact in the social media environment (Shamsudeen and Ganeshbabu, 2018; Venciute, 2018).for money (Bakker, 2018). They share their

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