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Influencer Marketing Agency Hype Factory

Crypto Influencer Marketing

It involves advertising products, services or brands on social media platforms and blog sites using prominent individuals. An influencer is usually an online creator or blogger who has established trust with their followers unlike other known personalities. 3 out of 4 consumers turn to content creators for guidance related to purchasing decisions; thus, makers are essential marketers of blockchain brands. Recently, the influencer phenomenon has exploded and its market value is estimated at around $13.8 billion. It has become increasingly popular and it's used to charm investment decisions.
What is Crypto Influencer Marketing?
It is a subset of content marketing relying on blockchain fans to endorse a product or business. It's a very popular tool that 90% of businesses use. Basically, social makers collaborate with blockchain figures during a strategy. It is best to work with knowledgeable entrepreneurs whose opinions are revered within the crypto community. Currently, short video content and blogs are popular channels that bloggers use to convey their ideas.
Promoting Crypto with Influencers Who Love Blockchain
The reasons for promoting products or a business with makers are limitless. However, some common reasons include: improving organic traffic, and product and business awareness within specific communities. Besides, influencer marketing is a multibillion-dollar industry that is still growing.

It's normal and even recommended to get excited about influencer marketing especially after realizing that experts recommend it. The first step is defining the campaign's strategies. Identify the deliverables and objectives and ensure that each stakeholder is aligned with them. Various social media platforms offer benefits that others do not. Luckily, there are plenty of influencers and below are tips on selecting the right ones and creating a successful strategy.
    Selecting the Right Crypto Influencers
    The steps involved in selecting an influencer mainly revolve around their interests and engagement rates. The value of a influencer cannot be understated because of their authenticity. Consumers will be skeptical and avoid a crypto brand that settles on a vlogger. Thus, target influencers who share the same values and interests as the promoted product. Experts and sharers are the perfect fit for a crypto marketing plan. They generate informative substance that can be used to promote a brand and its products.

    It is also advisable to target micro and nano influencers who are creative, entertaining and familiar with cryptocurrency. A good place to start is researching relevant social media hashtags. Create a list of influencers who use hashtags that relate to a business and its campaign and narrow it down based on engagement rates and other factors suitable to the campaign. When time is a constraint, an easier alternative is marketing agencies. Outsourcing agencies relieves the research burden. Besides, the agencies usually have a wide connection of media marketers and can partner a brand with the right one. It will cost something but it's generally a fair trade when time and ROI are considered.

    Next, if you have a budget in mind, offer compensatory propositions, or inquire about their advertising rates and determine how else they can be compensated. Non-monetary compensation like discount codes and free samples can also be negotiated. Alternatively, ambassador programs are effective for large campaigns. Bloggers are compensated commissions on all sales and investments made as a result of their recommendations. Think of it as a digital sales agent program that connects brands to blockchain fans who engage in brand awareness. Similar to all successful relationships, establishing rapport with creators is important. During the project, tracking performance and engaging with the creator's campaign product, i.e., retweeting and sharing stories, is one way of establishing rapport. It's also a good idea form brands to partner with entrepreneurs they've previously collaborated with.
      Getting the Work Done
      Remember that the consumer's perspective is important; thus, defining the target audience, preparing the campaign's message, and identifying the message's tone should be done diligently. Moreover, aligning creative freedom with the campaign's objective is the overall aim of this step. Brief the makers and clarify important issues, then let creativity do its magic. When planning and approving media, try keeping the blockchain content short and sweet.

      Deadlines, although unpopular, do help the project in the long run. Thus, establish deadlines, prioritize tasks, and make sure they are shared with all stakeholders. Before officially launching the crypto campaign, conduct a test run to determine predictions and the metrics to be measured.
      Launch and Monitor the Crypto Campaign
      Now that the platform, content, and creators are well prepared, launching and tracking progress follows. While the creators engage with their audience, monitor the predetermined metrics. Social platforms offer analytic tools that production managers can trace to determine engagement rates. Ideally, traffic generation is what counts most; thus, tracking affiliate links and discount codes provide traffic insight.
      It's a Wrap!
      Creativity at its peak involves a willingness to experiment and patience, so does crypto influencer marketing. The results are satisfying and beneficial to all stakeholders. Brands get exposure, creators get to review and promote their favorite products, and consumers get to keep up with their favorite online stars and businesses. If you're still undecided on crypto influencer marketing, get in touch with an agency today!