Micro-influencer marketing: The future of digital marketing

Mar 21, 2023
Micro-influencer marketing: The future of digital marketing

With the development of Web 2.O, users began joining social networks to read and gain knowledge and create content. More and more user-generated content and usability have caused a shift in consumer perception. The world of influencer marketing has seen a significant change in recent years, with brands moving away from traditional celebrity and macro-influencers and instead turning towards nano and micro-influencers.

The industry has evolved into a global necessity for every brand aiming for long-term success and is expected to reach INR 2,800 crores, growing at a CAGR of 25% through 2026.

Why are brands turning towards micro-influencer marketing?

The reason behind this shift is simple: micro-influencers play a huge role in connecting brands to the targeted audience in a personalized and subtle way. Brands opt to work with micro-influencers because they exude authenticity, relatability, and credibility, which today’s audiences value.

Nano and micro-influencers are well-known and trusted within their communities, as they have built relationships with their followers over time. This level of trust translates to their brand partnerships, leading to higher trust from their followers towards the brand. According to a report, approximately 22% of consumers aged 18-34 rely on influencers for product recommendations.

Another key advantage of working with micro-influencers is their ability to drive faster growth for brands. It is because these influencers have a smaller but highly engaged following.

According to a survey, micro-influencers have higher engagement rates than macro-influencers, in the 7% – 20% range. The content shared and generated by nano, and micro-influencers is often seen as more authentic and organic, leading to higher engagement rates and a more positive brand image.

Furthermore, nano and micro-influencers are often given more creative freedom by brands, as they have a smaller following and are less likely to be perceived as being “sold out.” It not only adds credibility to the brand but also helps to increase brand awareness and reach new audiences. Micro-influencers in India tend to have higher engagement rates than macro-influencers, as their followers are more engaged and invested in their content.

Micro-influencers offer cost-effective marketing, making them accessible to small and large brands. Their lower cost per engagement than traditional advertising and macro-influencer marketing creates a win-win situation—the influencer benefits from the exposure, and the brand benefits from more affordable marketing.

Therefore, by targeting nano and micro-influencers, brands can tap into the power of influencer marketing and achieve their marketing goals more cost-effectively, authentically and impactfully. The strategy is even more popular among niche direct-to-consumer (D2C) brands like Sugar, Lenskart, Mamaearth, and Boat collaborate with niche micro-influencers to promote their products and reach a younger, tech-savvy audience.

Some international giants like Coca-Cola and Nike have also partnered with micro-influencers in various countries to promote their products as they can reach a more engaged and targeted audience, leading to higher engagement rates and more positive brand awareness.

Is micro-influencer marketing here to stay?

Micro-influencer marketing is here to stay and is expected to grow popular in the coming years.

As consumers become increasingly savvy and mistrustful of traditional advertising, they turn to the recommendations of people they trust, such as micro-influencers, for product recommendations and advice.

Some industry trends that are expected to shape the future of micro-influencer marketing include – increased focus on authenticity, expansion of micro-influencer networks, use of AI and automation to identify and target micro-influencers, and integration of micro-influencer marketing with other marketing channels such as email, social media, and content marketing.

Over to the readers

India’s micro-influencer marketing has a promising future due to the robust and evolving start-up and new-age D2C brands and their interest in reaching their target audience. It presents numerous opportunities for brands to innovate and capitalize on the growing market. The growth of nano and micro-influencers has enabled brands to reach their target audience more authentically and organically, unlocking the potential and treasures of influencer marketing.

Source: timesofindia