How influencer marketing can improve your product launch strategy by 70%

Product launches can be daunting for brands due to the uncertainty surrounding the market’s response to a new offering. While traditional marketing strategies like performance marketing and events are effective in generating awareness, they often fall short in establishing an emotional connection with consumers – a fundamental aspect for driving sales. This is where influencer marketing proves to be a perfect solution. By leveraging the reach and authenticity of influencers, brands can not only add relatability to their products but also bring them into the spotlight.

Why is influencer marketing so important for product launch?

In a cookieless world, targeting has become increasingly challenging for brands. However, influencer marketing emerges as a powerful tool that simplifies the process by leveraging the niche expertise of influencers and their ability to attract and engage followers with relevant content.

Audience can be targeted through influencer marketing through the following parameters:

• Category –  Influencers specialize in specific categories or niches, such as fashion, fitness, beauty, travel, technology, and more. Brands can identify influencers who align with their product or service category to reach an audience interested in that particular niche. 

• Location – Influencers often have a geographically diverse following. Brands can target specific region of the country by collaborating with influencers who have a strong presence in those locations. This localization helps in tailoring the messaging, promotions, and campaigns to suit the preferences and cultural nuances of the target audience in a particular location.

• Gender- Influencer marketing also allows brands to target audiences based on gender. Collaborating with influencers whose followers predominantly belong to a specific gender, brands can tailor their messaging and creative content to appeal to that demographic. 

What are the benefits of using influencer marketing for product launch?

Boost Social Commerce

Influencer marketing can significantly boost social commerce during product launches. Influencers have a strong presence on social media platforms and can create compelling content that encourages their followers to make purchases.

Access to Influencer-Generated Content (IGC)

Influencer marketing provides brands with access to influencer-generated content (IGC) that can be utilized in various versatile ways. This content, ranging from high-quality images to engaging videos, can be repurposed across multiple channels to promote the product launch. It can be featured on brand websites, shared on social media, incorporated into email campaigns, or even used for OOH marketing materials such as billboards, creating consistent and impactful messaging.

Kickstart Sales with Affiliate Marketing

Influencer marketing can kickstart sales through the integration of affiliate marketing strategies. Brands collaborate with influencers to create unique referral codes or affiliate links that provide a direct incentive for their followers to make purchases. This approach not only drives immediate sales but also allows brands to track the impact and effectiveness of influencer marketing efforts in terms of conversions and revenue generation.

Authentic Recommendations and Social Proof

Influencers are seen as trusted sources of information and recommendations by their followers. When influencers authentically endorse and promote a new product, their audience is more likely to perceive it as a genuine recommendation, leading to increased trust and credibility for the brand. This social proof provided by influencers can significantly impact the success of a product launch by creating a positive perception and generating interest among their engaged audience.

How to Integrate Influencer Marketing in Your Product Launch Strategy?

Choose Influencers Wisely

Selecting the right influencers is crucial for the success of your product launch. Take the time to research and identify influencers whose niche, values, and audience align with your brand and target market. You can use Qoruz to find relevant influencers who have a genuine connection with their followers and demonstrate a high level of engagement.

Communicate Your Requirements and Expectations

Once you’ve chosen influencers, clearly communicate your requirements and expectations to them. Provide a detailed brief that outlines the key messaging, product features, and launch goals. Discuss any specific content formats or guidelines you have in mind. Be open to their creative input as well, as influencers have valuable insights into their audience preferences. Establish a clear line of communication to address any questions or concerns throughout the collaboration.

Integrate Influencers in the Planning Process

Involve influencers in the planning process to ensure a seamless integration of their content within your product launch strategy. Share key information such as launch dates, marketing initiatives, and other relevant campaign details. Collaborate with influencers to brainstorm ideas for content creation that align with their unique style while effectively promoting your product.

What are types of influencer content apt for product launch?

Here are some types of influencer content that are suitable for product launches:

• Sponsored Posts – Influencers create dedicated posts on their social media platforms to showcase and promote the product. They provide a detailed review, highlight its features, and share their personal experiences with the product.

• Live Streaming – Influencers host live streaming sessions on platforms like Instagram and YouTube and Facebook  to unveil the product and interact with their audience in real-time. This allows viewers to ask questions, receive immediate responses, and get a closer look at the product.

• Unboxing Videos – In Influencer unboxing videos they showcase the packaging, open the product for the first time, and provide their initial impressions. Unboxing videos generate excitement and curiosity among viewers, especially when done by popular influencers with a dedicated following.

How influencer marketing helps in keeping the hype alive after product launch?

Influencer marketing plays a crucial role in sustaining the hype and momentum after a product launch. Here’s how it helps:

Influencer marketing fueled performance marketing

IGC (Influencer generated content) are very useful for performance marketing, brands like MamaEarth swears by the method as it can draw major awareness for product launch. Using IGC content for performance marketing makes it much less salesy and draws attention to your brand.

Giveaway Contest or Promo Code

Running a giveaway contest or offering exclusive promo codes through influencers can maintain excitement and engagement among their followers. This encourages ongoing interest in the product and provides an incentive for people to try it out or make a purchase.

Behind-the-Scenes Content

Influencers share their behind-the-scenes content, giving their audience an exclusive look into the product’s development, and production process, or additional insights about its unique features. This type of content creates a sense of exclusivity and keeps the audience engaged by offering them an insider perspective.

What not to do?

When onboarding influencers for a product launch, it’s important to avoid certain pitfalls to ensure a successful collaboration. Here are some things to avoid:

• Choosing the Wrong Influencer – It’s crucial to carefully evaluate and select influencers who align with your brand values, target audience, and product niche. Choosing an influencer solely based on their follower count or popularity without considering their relevance to your brand can harm your brand image in the long term. 

• Not Measuring Live Results – It’s essential to track and measure the performance of influencer campaigns during the product launch. Failure to monitor and analyze live results can make it difficult to assess the effectiveness of the influencer collaboration and make necessary adjustments in real-time. Utilize analytics tools, track key performance indicators (KPIs), and regularly communicate with influencers to gather feedback and insights.

• Not Clearly Communicating Deliverables and Deadlines – To avoid misunderstandings and delays, provide clear guidelines and expectations to influencers regarding the deliverables, content format, posting schedule, and any specific requirements. Clearly communicate the deadline for their content submission and emphasize the importance of timely delivery. This ensures a smooth and organized product launch without any last-minute surprises.

• Overly Restricting Influencer Creativity – While guidelines and expectations are necessary, it’s important to give influencers creative freedom to showcase the product in their own unique way. Overly restrictive guidelines can hinder their ability to create authentic and engaging content, limiting their potential impact. Strike a balance between providing guidance and allowing influencers to bring their own creativity and style to the collaboration.

Conclusion

Influencer marketing is a powerful tool to enhance the success of a product launch. Leveraging the reach, credibility, and creative talents of influencers can significantly impact brand awareness, generate buzz, and drive consumer engagement. By collaborating with influencers, brands can tap into their dedicated and loyal follower base, gaining access to a highly targeted audience that aligns with their product’s target market.

Influencers have the ability to authentically showcase the product, provide detailed reviews, and share their personal experiences, which can significantly influence their followers’ purchasing decisions. Their ability to create compelling and relatable content allows for a more organic and genuine connection between the brand and the consumers.