Social Influence: The Three Step Plan to Harness the Power
By Greg Shove, Founder and CEO, SocialChorus
Most advertising disciplines are being dramatically affected by the explosion of Social media technologies, but none more so than PR and Word of Mouth. Firms in these disciplines have historically attempted to harness and measure the power of influencers. But now that power has become increasingly democratized, so finding and connecting with the right individuals is much harder – with much greater potential gain for the brand.
The most significant development is the emergence of the Power Middle – the thousands of influencers that can now move the needle for the brand. In fact, the most forward-thinking brands are already recognizing the ‘Power Middle’ influencer as a uniquely persuasive force.
But for most marketers, this presents an enormous challenge: how do brands and agencies effectively harness the power of these Power Middle influencers in order to turn social awareness into social preference?
Thankfully, a best practice consensus is emerging. In the simplest terms, the most effective strategy for meaningful influencer engagement can be boiled down to three steps: Identification, Incentivization, and Activation.
Identification
In order to identify the people whose influence matters most to a brand, an Influencer Profile should be created. Based on demographic signifiers as well as interests /verticals, the Influencer Profile is a comprehensive description of the ideal audience a brand hopes to reach.
Once created, the Influencer Profile is used to build a list of relevant keywords for targeted search queries, ideally with the aid of sophisticated search tools such as Traackr, SocMetrics and others. Or a brand can access the over 1 million influencers in the SocialChorus database. The results are then used to determine which influencers are likely to have the most positive impact on the brand. Impact can be predictively quantified in terms of market reach (i.e. UMV and number of followers), brand relevance, expertise, and independence.
While one’s first instinct might be to target heavy hitters in the social space (such as celebrities and high-profile journalists), it’s actually more advantageous to focus on the ‘Power Middle.’ This category is primarily made up of niche-market influencers with a comparatively modest, yet passionate and devoted following. By collecting and aggregating the Power Middle brands have the ability to tap into an influential marketing force that is far more organic and powerful than other marketing channels. Influencer marketing is fundamentally changing the Word of Mouth, Public Relations, and Marketing industries as a whole.
Incentivize
Once a brand has identified the most promising potential influencers, it’s time to reach out and invite them to act as brand collaborators. This is where SocialChorus’ Influencer Relationship Marketing (IRM) platform, and Social Currency are introduced. Social Currency is the value exchange that connects brands, influencers and their followers.
Since influencers have a vested interest in delivering authentic, quality content to their respective audience, providing them with high-quality Social Currency gives them further incentive to enter into a mutually beneficial relationship with the brand. Social Currency encompasses a wide range of influencer assets, including exclusive and compelling content, exclusive access and experiences, discounts and offers, and product samples. The SocialChorus IRM platform allows brands and agencies to connect with influencers directly and offer them social currency and other trackable assets to distribute to their audiences.
Activating Influencers
Once the influencer has opted in, activation can begin. Since influencer activation is an ongoing process rather than a single event, it’s important to build an enduring relationship with the influencer. We recommend that the brand engage the influencer at least 3 times over 90 days, creating a pattern of engagement and reward for the influencer.
Additionally, analytics are crucial throughout the activation process. Whether it’s a brand’s first or fiftieth activation, a fundamental part of influencer relationship marketing is staying informed of the influencers’ actions, measuring these results, and adapting accordingly to ensure optimal success. SocialChorus helps clients manage these metrics in real-time, optimizes the campaign accordingly, and determines the Earned Media Value of their campaigns.
SocialChorus was charged with creating a large scale Influencer Network to help Tropicana launch “Trop50,” and create on-going, bonded relationships. We delivered influencer identification and influencer activation, resulting in 173 Influencers that produced 468 Influencer posts that led to over 38,000 consumer social actions, and ultimately, 468 percent ROI for the client.
To learn more about SocialChorus and their Influencer Relationship Marketing platform, visit: socialchorus.com
———–
About the Author
Gregory Shove is the founder and CEO of SocialChorus, a Social Influencer Relationship Marketing software and services company. Prior to SocialChorus, Gregory was an active investor in both private and public companies, with a focus on consumer segments. He graduated as a Sloan Fellow from Stanford University’s Graduate School of Business in 1993, and holds a B.A. in Economics from the University of Western Ontario.
About SocialChorus
SocialChorus is a Social SaaS and Services Company, which helps brands find and connect to the people whose social influence matters most. The platform allows brands and agencies to work with these influencers in authentic ways to drive real social marketing results. SocialChorus’ Influencer Relationship Marketing (IRM) software beta launched in February 2012, and is available along with strategic IRM and activation services to give brands the simplicity, speed, and efficiency needed to build enduring social relationships at global scale. SocialChorus was founded by Gregory Shove, CEO, and co-founders John Eaton and Jonathan Cohen. The Company’s lead investor is Kohlberg Ventures. SocialChorus has offices in New York City and San Francisco. socialchorus.com
By 



By 







