According to social scheduling service Later, itโs predicted that nano- and micro-influencers will continue to rise and generate more sales.ย
They report, โthe less followers an influencer has on Instagram, the higher their average engagement rate.โย
But how can you maximize your ROI when working with smaller influencers?ย
Weโve got your back with expert tips for leveraging nano- and micro-influencers the right way.
Keep reading for the insider tips that pros use to see the most success with nano- and micro-influencers.
As weโve covered in our previous roundup, leveraging nano-and micro-influencersย has plenty of expert-backed benefits:
- They have access to highly engaged, targeted audiences
- Theyโre more relatable than larger influencers and have built a close community
- Compared to the bigger names, theyโre more accessible
- Theyโre cost-effective drivers of more conversions
But working with these influencers can be a very bumpy ride, as evidenced by the several downsides of nano-and micro-influencers:
- Theyโre often less knowledgeable and less professional than larger influencers
- They have less reach
- Itโs harder to find and recruit the right influencers
- They take more time to vet and manage
Fortunately, you can turn some of these disadvantages around by properly regulating your work relationship with influencers: hereโs how.
1. Compensate influencers fairly
To cultivate a healthy relationship with influencers, youโll need to properly compensate them.
This means youโll need to do your market research on influencer rates.
Talk to a handful of influencers at a time. You donโt necessarily need to work with all of them in one go. However, talking to them will give you a good idea of the average rates nano- and micro-influencers charge in your industry. Talking to other marketers who work with smaller influencers will also help you get benchmarks for fair influencer rates.
From there, make sure you pay the influencers you choose to work with at a competitive rate.
As Clearsurance.comโs Melanie Musson puts it, โKnow their value and compensate them appropriately. You need to be competitive with payment, but they need to deliver as expected.โ
2. Ensure the influencer meshes well with your brand
This is a fundamental principle of effective influencer marketing, but one that can be easily overlooked.
SBOโs Mario Cacciottolo suggests to โmake sure your brand matches and works seamlessly within the influencerโs posts. It can create a negative reaction with the audience if the advertising seems a bit too forced and out of place next to their natural content.โ
3. Do your homework before reaching out to influencers
This oneโs a hat tip to Harry Johns White from NBA Blast who recommends, โhaving everything theyโll need before reaching out to an influencer.
โWhether itโs visuals, tags, copy… whatever it is โ make sure you have what [influencers] need ready before asking to work together.โย
โConducting these collaborations electronically will help keep things reusable and cut down on duplicate work that can all be captured in Google Drive or Slack.โ
And while you are at it, โOutline the plans and budget in advance,โ suggests Spylixโs Steven Walker.
โIt is not possible to leverage them if you do all these processes after hiring them.โ
Preparing all the work material will save you time when sharing your ideas and requirements with the influencers. You can start working without delays.
Plus, you can easily use the same documents to work with multiple nano- and micro-influencers.
ย 4. Explain your requirements clearlyย
โOnce you find an influencer who aligns with your brandโs values, make sure they know what type of role theyโll play within the project,โ recommends Milo Miszewski of mDevelopers.
โMake sure they understand how much work is necessary for each post; nano-influencers may not be able to produce high-quality content as frequently as larger influencers.
โFinally, always provide them with clear guidelines and expectations so that there is no confusion.โ
That said, Miszewski advises brands to โfocus on creating engaging brand stories with the influencer who will talk about your values and company culture while also garnering likes, comments, shoutouts, and shares.โ
However, itโs important to keep from micromanaging your influencers, which brings us to our next point.
5. Never micromanage influencers
โTo leverage nano- or micro-influencers, you need to let their creativity speak and give them some room for content creation,โ Jonathan Aufray from Growth Hackers shares.
โThey know their audience, so even if you want to give them some guidelines, you still need the message to be authentic.โ
Jake Smith from Absolute Reg LTD is on the same wavelength.
โAlways remember when working with nano- and micro-influencers, you need to give them the freedom to be creative and work on something they are passionate about.
โDo not micromanage [influencers] because it hinders them from thinking outside of the box. They know their followers better, so they have the best idea of presenting your brand.โ
6. Create a defined management process
OnPay Payrollโs Elliott Brown recommends: โTry to use the same general process with everyone.โ
This will help speed up your collaboration process, and help you work with multiple influencers easily without having to remember the specific engagement with each one.
โIf your process looks a little different with every nano-influencer,โ Brown says, โit can mean youโll have a lot more work to do to move things forward.โ
7. Monitor influencer insights and engagement
โItโs important to explore [an influencerโs] engagement KPIs, amongst other analytics,โ outlines Nikita Chen from LegitGrails.
โIn our experience, an average of 4-6% of the influencerโs engagement metrics have the ability to convert into purchases. For example, if a credible influencer gets 1,000 likes on a sponsored post, we estimate it to generate around 40-60 sales.โ
While this might not be true for everyone, itโs possible to find your average by tracking results. This allows you to set realistic expectations from the influencers you partner with.
Another way you can do this is by โgetting a verified performance report from the influencers,โ as Spylixโs Steven Walker recommends. โThis will let you know where theyโre at, and this data can be used to make any changes in the implied strategies.
โKeep in touch with them continuously so they wonโt miss out on any of your details.โย
Pro Tip: Set clear expectations before working together and ask the influencers to do the same.ย
Be upfront and communicate that you expect them to share performance analytics with you. Along those lines, be sure to also ask them what their expectations are from your business.
8. Diversify your influencer campaignsย
Diversifying your influencer campaigns at first will give you the best chance to appeal to your target audience in various ways and learn which content resonates with them the most.
In fact, chances are some content campaigns may show great results with one influencer and other campaigns might show excellent results with another influencer.
โYou will want to work with nano-influencers and micro-influencers on many campaigns,โ writes Tanner Rankin from Referazon. โThese include best list or must-have list inclusions, giveaways, product reviews, distributing promo codes, and editorial style reviews.โ
9. Use campaign-specific hashtags
This is another effective tip for an ROI-driving collaboration. David Reid from VEM Group outlines, โCampaign-specific hashtags help raise brand recognition and revenue.โ
They link specialized micro-influencers with your brand. Many micro-influencers advertise their business and win new customers.โ
You can also create campaign-specific tracking links, and inform your influencers to use the specific link in their content. This way, you can better track the ROI of each nano- and micro-influencer marketing campaign.
“By better tracking your ROI you can easily determine which campaigns are most effective so that resources can be allocated accordingly in the future. Additionally, you can determine which nano and micro influencers are providing the most value and may want to invest more in working with those individuals.” says Claire Jarrett ofย ClaireJarrett.com.
In summary
To reap the most value from your nano- and micro-influencer partnerships:
- Do your research before asking an influencer to sign on
- Outline clear expectations and guidelines, but donโt micromanage
- Monitor each influencerโs performance metrics
- Diversify your campaigns and content plan
- Target the right hashtags
Implement these best practices and youโll be able to maximize your niche influencer marketing efforts.
Want to drive more value from influencer marketing? We put together 21 proven influencer marketing best practices you should follow.
And if you missed any of our other roundups on nano- and micro-influencers (or would like to read them again!), find them here: