Influencer Marketing Trends in 2024
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Originating in the United States and arriving in Europe a decade ago, Black Friday has quickly become a must for brands and consumers. A must-attend event in the run-up to the end-of-year celebrations, the consumers take advantage of the exceptional promotions and low prices to make good deals for their Christmas purchases. It is therefore in the best interest of brands to take advantage of this event to increase their sales and stand out. With a good Influence Marketing strategy, you can achieve great results during Black Friday 2021. So how do you integrate this campaign into your influencer marketing? Here are our tips with examples of the best Black Friday influencer campaigns.
According to an infographic published by Oberlo, in 2020, Black Friday (+Cyber Monday) recorded a 86 % increase in sales in Europe compared to the average sales in October of the same year, according ParcelMonitor. While shopping increases are seen across all retail channels during the period, a Deloitte study estimates that e-commerce sales are expected to increase between 11 and 15% in 2021 compared to 2020. For advertisers, there is therefore a particular interest in boosting their online presence and activating the Influence Marketing lever during Black Week. According to a HubSpot study, consumers are 71% more likely to buy a product after seeing a positive review on social networks. Furthermore, a Facebook study shows that 75% of weekly users have made a purchase after seeing content posted by an influencer.
As we reported in our 2020 study on Black Friday and Influence, the number of engagements related to Black Friday posts doubles on a weekly basis in the three weeks leading up to the day. Brands can therefore take advantage of this period to create more effective Influence Marketing campaigns. But the right time of year also means strong competition. You have to stand out from the crowd and influencer marketing is a good way to do this. Working with influencers before and during Black Week is a way to get the attention of your target audience. It allows you to approach them in a more direct way and communicate your actions, offers and promotions through people they trust.
As we have seen previously, Black Friday is a period full of opportunities to activate your acquisition levers, but it is essential to be well prepared to create content that really stands out.
To ensure the success of your Black Friday Influence campaign, it is important to plan ahead and define your objectives properly:
Solicited from all sides by advertisers in the run-up to the festive season, social network users and internet users, millennials in particular, are more inclined to follow the opinions of influencers in their purchasing decisions. Indeed, their content differs from traditional advertising in all media and they address their communities directly. Working with influencers is therefore a good way to boost your sales, increase your awareness or reinforce your brand image during Black Friday. Select the influencers that best fit your target (based on their audiences and communities), your brand (based on your universe, values and commitments) and the campaign in question and contact them in advance. There are several formats that are very conducive to engagement during Black Week.
The Key Opinion Leaders (KOLs) you select and the formats you use should help you stand out and ensure your campaign performs well ahead of the holiday season. Here are some ideas for trending formats and examples of campaigns that worked in 2020.
The use of promo and discount codes is a great way to convert during Black Friday. Used in a personalised way to influencers, they offer the opportunity to create a sense of exclusivity by offering additional discounts to the community of followers. In addition, they allow to measure the impact and commercial effectiveness of the content created by the influencer thanks to the implementation of a unique code per influencer. Thus, a close link is created between the brand, the influencer and his community. Video is a good format to promote brand promotions during Black Friday, notably through wishlists, sharing of good deals, product testing, or even haul shopping during which an influencer reveals the products purchased during a shopping session.
This is a video format that first appeared on YouTube and is now developing on IGTV or TikTok formats. A content creator shares his or her experience in video when unboxing a product received from a brand. He comments on the different aspects of the opening, the packaging, the quality of the products, etc. It is an interesting format for previews and to generate enthusiasm around a product.
Some brands choose this period to reinforce their brand image and affirm their commitment to the environment. This was the case for REI, for example. The outdoor clothing company chose to close its shops on Black Friday. The brand invited its customers to go out and do outdoor activities instead of going to the shop or buying online. This decision increased the number of subscriptions on the different channels where the publications were distributed.
Influence campaigns during Black Friday are therefore likely to have a good impact. But you need to know how to stand out, propose different content and choose the relevant influencers for each campaign objective. Would you like to launch your Influencer Marketing campaign during Black Friday? Contact our dedicated experts now.
Kolsquare is Europe’s leading Influencer Marketing platform, a data-driven solution that allows brands to scale their KOL Marketing strategies and implement authentic partnerships with KOLs (Key Opinion Leaders). Kolsquare’s technology enables marketing professionals to easily identify the best Content Creators profiles by filtering their content and audience, and to build and manage their campaigns from A to Z, including measuring results and benchmarking performance against competitors. Kolsquare has built the largest community of influencer marketing experts in the world, and offers hundreds of customers (Coca-Cola, Netflix, Sony Music, Publicis, Sézane, Sephora, El Corte Inglés, Lacoste, …) the latest Big Data, AI and Machine Learning technologies to drive inspiring partnerships, tapping into an exhaustive network covering 100% of KOLs with more than 5,000 followers in 180 countries on Instagram, TikTok, Twitter, Facebook and YouTube. As a Benefit Company, Kolsquare has been pioneering Responsible Influence by championing transparency, ethical practices, and meaningful collaborations to inspire change.
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