Every business needs a good marketing plan to attract potential customers. You have to let your audience know what you can provide and why your service is the best option for their needs. This can be done in several ways. We want to highlight two marketing styles to help you gain traction with your target audience: affiliate marketing and influencer marketing.
It’s important to implement the right type of marketing efforts for your business. It will ensure that your product or service reaches your target audience. It also allows you to connect with your potential customers so they can be receptive to your messaging.
All About Affiliate Marketing
Affiliate marketing uses other businesses to promote your business. Essentially, other websites can feature your business on their page.
So, let’s assume your business is Company A. You can ask Company B to place an advertisement for your business on their website. Customers that visit Company’s B website will see a link to visit Company A’s website. This system encourages Company B to promote their business because they will receive a portion of Company A’s sales.
Benefits and Costs of Affiliate Marketing: Weighing Your Options
Affiliate marketing is a good option for a business with an online sales presence. You can easily arrange for a link to take a potential customer from one website to your website in an instant. This means you can get your affiliate marketing plan implemented fairly quickly. If it works, this also means you should see results quickly as well.
Depending on how you set up an agreement with other websites, you aren’t spending money upfront. Certain arrangements would only require you to pay depending on how many potential customers visit your website and purchase items.
So, if someone visits Company B and clicks on a link that directs that potential customer to Company A’s website where they purchase an item or service; then Company A would pay Company B a fee.
However, another side to affiliate marketing is the scenario where things don’t happen as quickly as you might like. Sometimes it takes time to encourage potential customers to not only visit your website but to purchase your service or product. This is why niche marketing is important to make sure your business resonates with potential customers.
Harnessing Influencer Marketing
Influencer marketing is exactly as it sounds. It employs influencers such as bloggers or other notable people to promote your product or service on social media. Influencers can have a major impact on their audience, which in turn could result in money coming in for your business.
Benefits and Costs of Influencer Marketing: Making a Tough Decision
There are benefits to using the influencer marketing method. If you choose the right influencer it can put a spotlight on your business. This means you will encourage potential customers or your target audience to browse your website and make purchases.
If the influencer is not necessarily one that “fits” your niche market, you could still benefit from this kind of exposure. Influencers have a big social media following. So, when they post about your business it can help drive traffic to your website with customers you may not have been targeting at first. This could lead to an expansion of your customer base.
Influencer marketing could prove to be more costly than affiliate marketing. Influencers may request money upfront for a post, without taking into account how much money your business has made. They may also require a flat fee no matter what your business sees in terms of sales.
Also, it isn’t that easy to measure whether an influencer’s post directly led to a customer purchasing your product or service. It can take time to establish a strong relationship between an influencer, their audience, and your brand.
Digital Mules: A Simple Choice for You
Digital Mules has the advantage of servicing businesses that are looking to boost their digital appeal. Our team of specialists work to make the vision for your brand come to life. This includes website design, social media management, blog creation and other branding needs. Digital Mules is committed to helping you reach your target audience and grow your customer base. Click here to find out how we can begin helping your business.