1/ Influencer Seeding vs Gifting: What's the Difference? (Thread)
In both, brands send products for free.
In both, brands desire to create a community of people with their products.
In both, brands want something out of the deal.
But this is where the similarities end.
2/ Gifting is a one-time experience. Seeding uses the word "seed" on purpose (see below).
Gifting requires an opt-in from the influencers.
Seeding is, well, a free gift.
Gifting asks. Seeding gives.
One is transactional. The other is relational.
3/ You see with the word: seeding - this is an entirely different mindset. A seed planted. The gift (my product) is a seed to you that eventually, I want to blossom into a long-term relationship.
The problem with gifting programs is the REQUIREMENT.
4/ I give you my product = you give me a post.
Programs and philosophies like this pride themselves on the guarantees. Guaranteeing a certain # of posts or impressions. It all sounds so sexy and data-driven.
Problem: you’re settling when you could have so much more.
5/ Think about it like dating, I ask you out on a date (sending you my product) but then I tell you to buy dinner (ask for a post). We might enjoy our time but the prospects of a second date? Unlikely. The rush of that date loses out to any other future opportunities.
6/ With opt-in programs, the influencers forget about you the second they post, since the whole deal is based on this.
I'm not arguing the potential importance of organic buzz or UGC. I want those things (esp. UGC), I'm just not asking for this as the basis of the relationship
7/ IOW: the goal is the relationship, everything else is the bonus. So the question becomes, how do I start that relationship? Giving w/o asking.
Better yet, how do I turn an influencer, who’s never heard of me, doesn’t have my product, etc into an actual real fan of mine?
8/ I have a goal for this relationship to be one I continually seed product to. I’m proud they represent my company. Eventually, they are under contract. Maybe they post/send me content to use consistently. What’s the better approach to getting to this point? You tell me.
9/ Founders love to tell me about how they want to build a strong brand, yet when I talk to them about this - I hear "how does that make me money?" And here is when they fall for “gifting programs” that tease and lure them in with guaranteed posts and impressions that’s all BS.
10/ The long-tail effect of the network of people that are actual users of your product is really critical. It’s a compounding value that you can build a brand on for a really long time. WOM is contagious. But there are no shortcuts. You have to do it the right way.
11/ Interested in affiliate? You now have a pool of people to kickstart this. Some celebrity influencers loved the product you sent, want them to become the face of your brand? Bc of your first impression to them, this will help in negotiations.
12/ Need consistent content? You've got 1, 2, 10, etc fans of your brand that you already know love the product.
How we do this on behalf of our clients - TLTR: Mass outreach + no strings attached messaging + send product + track content + follow up.
2/ Congratulations, you finally got through the negotiation process with the agent/influencer but now you have to draft up a contract. Even if you just agree on “product for post,” you will want to draft a contract that provides you protection.
3/ Overall, right up front - #1 FTC guidelines are important for both brand and influencer to understand. This needs to be in the contract somewhere, usually as an addendum. If you need help with FTC compliance - InfluencersIQ is a great resource. @RobertFreundLaw is the man.
1/ Influencer Best Practices 101 [PART 2] (THREAD)
Influencer Pricing - What the hell do I pay them?
*[PART 3 - 9/23] Influencer Contracts
2/ Google "Influencer Pricing", you get a variety of answers. In 2014, I would say IM is the wild wild west. Guess what? It still is. Look at these two influencers: one with 20k following, the other with 108k and verified - charging the same price!
3/ This is why it's really difficult to navigate what fair pricing is. There is no set standard across the industry. Influencers set their own prices, throwing stuff on the wall and seeing what brands will pay OR agents are involved and then mark up the price bc they take a cut.
2/ Context: This is specifically for wanting to team up with influencers in an official capacity, ultimately ending up contractually working together. Hence, why there tends to be a negotiation process. It can be an intimidating and tough situation, especially if agents jump in.
3/ 3 Negotiating Rules:
#1 Be Clear & Up Front. You want to move as quickly as possible. This is from our template outreach email (also found within the Shopify Compass course).
Something like this should go in the first email to show you mean business.
1/ Brands massively underestimate the importance of having authentic relationships and people who are genuine brand advocates, represent their brand.⠀Let's take a look at @Gymshark and how Ben Francis did it (THREAD) + PRACTICAL STEPS of how you can do this at the end.
2/ To start, look at @hellahgood9 and how gassed he gets when another gymshark package arrives. This is the fruit of doing this. DHL says "Another one?!" (which speaks to how they take care of their athletes).
3/ You see videos like this and we still have CMO's asking for ROI on cultivating community with influencers.
Community 101: build relationships on giving, not asking.
If you begin by asking something of them, you might get some posts. But that community will never adopt you.
1/ Navigating the influencer marketing space today can be difficult. How do I start? Once I have contacted influencers, what should I have them do? Here is high-level content from my course I was asked to create for Shopify. shopifycompass.com/learn/master-i…
2/ When it comes to IM, product seeding is the foundation of every effective influencer strategy. I often compare it to dating. This means your outreach to them is your 1st date & 1st impression. How you craft your message is very important! Here I breakdown a good vs bad example
3/ Now after seeding, let's say we now know who we'd like to work with, in an official capacity. What should we have them do first? Authenticity sells but people can fake it in a photo/caption. Short answer: video post. But how can I assess the influencer’s ability to be sell?