1/ Influencers are the new billboards.
👇 Thread 👇
👇 Thread 👇
2/ Traditionally, CPG brands (shampoo, soap, shoes, etc.). appealed to the average consumer.
That’s why they created ad-campaigns around widely-known celebrities. Other brands created their own celebrities.
The Old Spice Man is my favorite example.
That’s why they created ad-campaigns around widely-known celebrities. Other brands created their own celebrities.
The Old Spice Man is my favorite example.
3/ Mass media rewarded celebrities with mass-awareness.
The big got bigger and only the largest brands could endure expensive funnel inefficiencies.
Heritage brands capitalized on this.
The big got bigger and only the largest brands could endure expensive funnel inefficiencies.
Heritage brands capitalized on this.
4/ Too many legacy brands are stuck in their old ways.
The strategy of signing famous people, and making them the face of the brand without giving them creative input doesn’t work anymore.
It’s fake — young people see right through it.
The strategy of signing famous people, and making them the face of the brand without giving them creative input doesn’t work anymore.
It’s fake — young people see right through it.
5/ But now, big CPG brands are struggling.
In the past three years, over $17 billion in sales has evaporated from the 10 largest U.S. packaged-food companies, according to Bloomberg.
Sales are shifting towards smaller, transparent, health-conscious brands.
In the past three years, over $17 billion in sales has evaporated from the 10 largest U.S. packaged-food companies, according to Bloomberg.
Sales are shifting towards smaller, transparent, health-conscious brands.
6/ Big CPG brands are perplexed.
They aren’t using influencers the right way. They see influencer marketing as a box to check off, not a strategy to build trust and restore growth.
They think of influencers as “just content creators."
They aren’t using influencers the right way. They see influencer marketing as a box to check off, not a strategy to build trust and restore growth.
They think of influencers as “just content creators."
7/ More and more, the value of influencers doesn’t come from content creation.
It comes from audience data.
This data can be used to:
1. Increase brand loyalty.
2. Decrease customer acquisition costs.
3. Track the performance of influencer marketing.
It comes from audience data.
This data can be used to:
1. Increase brand loyalty.
2. Decrease customer acquisition costs.
3. Track the performance of influencer marketing.
8/ Brand marketers are used to the idea of a single spokesperson — one celebrity who speaks for the entire brand.
You need to speak to different people in different ways. Companies should use different influencers for different demographics.
You need to speak to different people in different ways. Companies should use different influencers for different demographics.
9/ For the first time, brands can super-serve every customer.
The world has changed and it’s very personalized now.
Brands need to segment their audiences and speak to each of them with different messaging and tone. That’s where influencers double as “billboards.”
The world has changed and it’s very personalized now.
Brands need to segment their audiences and speak to each of them with different messaging and tone. That’s where influencers double as “billboards.”
10/ The best influencers have extremely loyal audiences — it’s like having a couple million best friends.
Influencers humanize the brands they represent and create a two-way conversation between brands and their customers.
People don’t follow brands. They follow people.
Influencers humanize the brands they represent and create a two-way conversation between brands and their customers.
People don’t follow brands. They follow people.
11/ Modern celebrities are like soul mates.
Listen to how people talk about their favorite influencers. A friend recently referred to Gary Vaynerchuk as his "homie." He’s never met him.
We feel like we know them — we know their dogs, their roommates, and their insecurities.
Listen to how people talk about their favorite influencers. A friend recently referred to Gary Vaynerchuk as his "homie." He’s never met him.
We feel like we know them — we know their dogs, their roommates, and their insecurities.
12/ Society is changing too.
A 1967 survey ranked community and benevolence ranked as the most important values.
Now, people aspire to fame and achievement.
A 1967 survey ranked community and benevolence ranked as the most important values.
Now, people aspire to fame and achievement.
14/ I’m a big fan of Puma’s relationship with Rickie Fowler.
Rickie is known for his swag on the golf course.
Every Sunday, he wears all orange.
And now, his fans mimic him.
It’s fun and authentic — a match made in heaven.
Rickie is known for his swag on the golf course.
Every Sunday, he wears all orange.
And now, his fans mimic him.
It’s fun and authentic — a match made in heaven.
15/ Samsung’s ads work because they're fun to watch.
Samsung built a real and authentic relationship with Casey Neistat. Then, Casey recruited his friends — a squad of A+ YouTubers.
Their ads stand for something — Samsung supports creators.
Content creation.
Done right.
Samsung built a real and authentic relationship with Casey Neistat. Then, Casey recruited his friends — a squad of A+ YouTubers.
Their ads stand for something — Samsung supports creators.
Content creation.
Done right.
16/ But brands including Puma and Samsung still aren’t going far enough.
They’re missing out on lucrative opportunities. They’re focusing too much on big names and content, and not enough on data.
Think trust — not reach.
They’re missing out on lucrative opportunities. They’re focusing too much on big names and content, and not enough on data.
Think trust — not reach.
17/ @glossier has mastered this.
Roughly 80% of their growth comes from peer-to-peer recommendations.
Rumor has it that the company showroom generates more sales revenue per square foot than the average Apple store.
Roughly 80% of their growth comes from peer-to-peer recommendations.
Rumor has it that the company showroom generates more sales revenue per square foot than the average Apple store.
18/ Today, anybody can create content. Reach is a commodity.
The real power of influencers is in their audience data, which they can use to re-target advertisements.
And soon, influencers will launch their own social platforms.
This is just the beginning….
The real power of influencers is in their audience data, which they can use to re-target advertisements.
And soon, influencers will launch their own social platforms.
This is just the beginning….
19/ Branding and performance marketing have converged.
A/B test every ad.
Track brand advertising.
Evaluate customers with engagement data.
Use real-time data to iterate and improve creative.
Done right, and you’ll compress the marketing funnel.
A/B test every ad.
Track brand advertising.
Evaluate customers with engagement data.
Use real-time data to iterate and improve creative.
Done right, and you’ll compress the marketing funnel.
20/ We live online now.
Influencer marketing works.
But most brands are doing it wrong.
Think trust — not reach.
Think targeting — not branding.
Think intimate — not broadcasting.
Think audience data — not content creation.
Influencer marketing works.
But most brands are doing it wrong.
Think trust — not reach.
Think targeting — not branding.
Think intimate — not broadcasting.
Think audience data — not content creation.
Shoutout to @mrsharma for doing this with me.
Teamwork makes the dream work 🙌
You can find all our other collabs here -- perell.com/tweetstorms
Teamwork makes the dream work 🙌
You can find all our other collabs here -- perell.com/tweetstorms
Shoutout to the people who inspired this thread:
- @rsiegel
- @jasonwstein
- @ballmatthew
- @profgalloway
- @benthompson
- @rsiegel
- @jasonwstein
- @ballmatthew
- @profgalloway
- @benthompson
