Can they show that for every xthousand likes then sales go up by 0.0y%
Value of marketing is also not just sales revenue.
But seriously, this is why specific discount codes are so prolific with influencers, so brands can objectively measure how much money they bring in (in one aspect at least).
Yep I have codes and links, one brand sends a monthly report on how many times the link/code is used, of course those with codes are getting a kick back of some sort so it's in their interest to then push the code more, win win all round.
I did have someone a few months ago at a race tell me that he bought a jersey as he had seen me wearing it plus at the time I had a 50% off code running.
I get that you can use the stats in the platform to count view, likes comments etc quite easily, its how that converts in to sales that I dont understand. It would be interesting to know if some finance and marketing types have been able to create a relationship between likes and sales or whether benefit is more subjective. Can they show that for every xthousand likes then sales go up by 0.0y% in which case then it would be easy to show the real value of a person. I suspect they cant as it would be very difficult to isolate their benefit
Ok so I’m not talking about cycling. But the power of the influencer is huge. They can track in real time the increase in sales and searches for a product after something is shown by an influencer
I’d say specialized are still big on adventure bikes. I get constant adverts for the new Carbon Diverge. I notice Hannah was still showing hers off today
Not all bikes are returned to the manufacturer. I have two HB specialized bikes sitting in my garage. Bought at a good price for me.
Adam Ondra (climbing mega wad) does very occasional sponsored posts for Instagram. I have often wondered whether he gets money for it as well as a free bike, because I can't imagine he rides all that much for fear of injury stopping him from climbing.
Can they show that for every xthousand likes then sales go up by 0.0y% in which case then it would be easy to show the real value of a person. I suspect they cant as it would be very difficult to isolate their benefit
I'm not a marketeer but they have the concept of a sales funnel and various metrics throughout (x views >> y likes >> z click throughs >> n purchases) which will help to measure the success of various campaigns. They can establish tangible links between the various numbers and they are not doing this in isolation, they have run & learned from huge amounts of targeted campaigns over the years.
If you get the metrics right, you can see what sorts of campaigns are most successful in driving sales, who best to target, how to target them etc. Marketing is a numbers game but you've got to hit the numbers with the right people and social media makes that easier than ever. Using an influencer means as said above, you have a ready made receptive audience - Someone who is already engaged in the activity & who you know likes the sort of content being delivered by the influencer.
Companies with proper marketing budgets aren't doing this for any other reason than they've been shown it works. If they are cutting back it's probably because it's not as effective as it was, or there are other channels to use, or they are just cutting overheads and these contracts are easy to terminate.
Kayak23
😂😂😂
