Latest / eCommerce Podcast / 7 Micro Influencer Marketing Tips Most Brands Miss Completely | William Gasner
Transcript
- 0:04Wow.
- 0:04Hello, I'm Matt Edmundson and you are listening to the eCommerce Podcast.
- 0:10Now, I've been an eCommerce since 2002.
- 0:14If you're regular to the show, you'll know this, but if you're new
- 0:16to the show, a very warm welcome.
- 0:19Like you, I run my own eCommerce business.
- 0:22Has been in the trenches, been been there.
- 0:24Seen that, done that, got the t-shirt, and just love chatting
- 0:27to people about eCommerce.
- 0:29And these days I partner with eCommerce brands to help them grow, scale and exit.
- 0:35That's kind of what I get into.
- 0:36And if you'd like to know more about that and how that works and whether or
- 0:39not we could work together, head over to our website, ecommerce-podcast.net
- 0:43or one word ecommerce-podcast.net.
- 0:46Now, today, ladies and gentlemen, you'll be pleased to know.
- 0:49We are talking about that most delectable and delightful conversation.
- 0:54All to do with influencer marketing.
- 0:56We have a go-to expert on this.
- 0:58Mr. William.
- 0:59We are gonna be chatting to him.
- 1:00So William, welcome to the show.
- 1:02Great to have you on, man.
- 1:03Uh, appreciate you being here.
- 1:05And I'd like I said to you before, hit the record button.
- 1:07Let's just hit the ground running.
- 1:08Influencer marketing.
- 1:09We all screw it up.
- 1:11What's the, what's the main way we screw up influencer
- 1:13marketing and how can we fix it?
- 1:15Well, first off, thanks for having me on, Matt.
- 1:17I'm excited to dive in.
- 1:18So hit the ground running.
- 1:20Um, biggest thing.
- 1:23How people screw up influencer marketing is their perception of
- 1:28what influencers are and putting too many eggs in one basket.
- 1:32so when most people think about influencers, you think of the Kardashians,
- 1:36you think of these celebrities with millions of followers, right?
- 1:40Yeah.
- 1:41social media's changed a lot in the past decade where it used to
- 1:45be the fact that you went on social media, you posted on a Monday and.
- 1:51If all of your followers were on social by Wednesday, they
- 1:55would all have seen your content.
- 1:57Yeah, yeah, yeah.
- 1:58And now
- 1:58I remember those days.
- 1:59The good old days.
- 2:00Absolutely.
- 2:02It was very, it was much easier, honestly, like, and, and follower base
- 2:05was a very, very important metric.
- 2:07that's kind of now gone out the window.
- 2:09And most people, like when they're going after influencer marketing, they're
- 2:12like, I'm only gonna work with the people with that big follower base.
- 2:17where things have shifted is a content led strategy.
- 2:20So how the social platforms have changed is that if you're not producing
- 2:25really good content, regardless of your follower base, only a certain percentage
- 2:29of your followers are actually going to see the content that you put out.
- 2:33Um, and so what's happened is these celebrities, these people with millions
- 2:37of followers, sometimes only 1% or less than 1% of their audience actually ends up
- 2:42Yeah.
- 2:42the stuff that they actually create, right?
- 2:46What the social platforms have also done is if, if there's someone produces a
- 2:51really great piece of content, they're not just gonna show that to the people who
- 2:54are following them, they're gonna start showing that beyond their follower base.
- 2:58And so, um, you could literally have a thousand followers on social media and
- 3:03get a post that gets a million views.
- 3:05And
- 3:05Yep.
- 3:06These social shifts have changed the playing field, and it's a big
- 3:11mistake people really do is that they just focus and pay huge amounts of
- 3:15money to someone with this massive follower base as opposed to focusing
- 3:19on the content someone produces.
- 3:22Who they're catering to, kind of the niche audience.
- 3:25And it's, it's also shifted this playing field to allow much smaller
- 3:29creators to become as valuable as these celebrity promotions promoters,
- 3:34Yeah.
- 3:35and open the gateway, we call it, democratizing the social
- 3:38media or the influencer world.
- 3:40Um, and it made these, what the industry calls nano or micro
- 3:43influencers, much more powerful in 2025.
- 3:47It's a really interesting comment because I, I, one of the things that I've noticed
- 3:50will, and, and maybe you can talk to this, right, uh, I'm a big fan of YouTube.
- 3:55Um, just I, I watch it a lot, right?
- 3:57As a lot of people do, and I, I have my hobbies.
- 4:00I like wood.
- 4:01Working.
- 4:02I like doing those kind of things and I will watch videos on how to, I
- 4:06don't know, do this particular type of wood joint or something like that.
- 4:11One of the things that I have noticed, the videos that, that are starting to come up
- 4:15more and more on my feed are not the how to get a million followers on YouTube.
- 4:20Um, it's more now how to make.
- 4:24$150,000 from a hundred followers on YouTube, right?
- 4:28It seems to be that the change has been around.
- 4:34Not grow a big ass audience, but actually take what you've
- 4:38got and monetize that deeply.
- 4:40In other words, there are ways that you can make small audiences work for you.
- 4:45This is kind of what my interpretation of those, uh, titles are, and
- 4:48I'm seeing that more and more.
- 4:49I'm seeing it more in the podcasting world.
- 4:51Um.
- 4:52On one of our, uh, sort of sister company podcasts, if you
- 4:56want of a better expression.
- 4:57Um, we had, um, someone was recently talking about how they made 150
- 5:04grand, but only had like a hundred followers or a hundred downloads
- 5:07or something on their podcast.
- 5:08I mean, it was, it is crazy, you know, the, sort of the numbers.
- 5:11But this is what we're noticing more and more, right?
- 5:12It's less and less about the big numbers.
- 5:14It's more and more about what you can do with the small audiences.
- 5:19So when, when I hear you talking.
- 5:22I'm hearing you say to someone like me who's an econ brand, sure.
- 5:26You can go after, I think you used the example of Beyonce or whoever
- 5:30it was, you know, Britney Spears.
- 5:32I don't know.
- 5:33Kylie Minogue, uh, would be more my era.
- 5:36Um, I. But that's expensive for not guaranteed success.
- 5:40But actually you can now use the micro influencers.
- 5:44The whole thing is democratized.
- 5:46And like you say, certainly I see this on TikTok.
- 5:49I can, I can post something on TikTok with an account that's got 68
- 5:53followers and it'll get thousands and thousands of views in interactions.
- 5:57Um, it,
- 5:58spearheaded this trend.
- 6:00Yeah.
- 6:01It seems to be, I, I dunno if it's tiktoks way of, um, getting you sucked
- 6:06into the platform, you know, you're a new account, we're gonna give you
- 6:08stupid views to make you feel like you're doing something special.
- 6:12Um, and it sort of dies off a little bit.
- 6:14I dunno, but I'm, I'm intrigued by this idea of micro influencers.
- 6:19But before we get back into that whole topic, the smaller numbers thing,
- 6:22the other thing you mentioned, so you mentioned perception, but you
- 6:25said too many eggs in one basket.
- 6:27What did you mean by that?
- 6:28Yeah, so as an eCommerce brand or honestly any brand, right?
- 6:33Um, you only have a limited marketing budget and naturally influencers
- 6:39with a massive following, millions of followers, they're going to charge you.
- 6:43And same thing would be for a podcast or anyone with this massive follower base.
- 6:48their fee for a sponsorship or um, a promotion is gonna be quite big.
- 6:53Hmm.
- 6:54And the reality is, is you're putting, by putting most of your marketing budget
- 6:59into that bet, you are putting a lot of your eggs in one basket in the sense
- 7:03that like it could be hit or miss.
- 7:06And that's the
- 7:06Yeah.
- 7:07'cause of how things have changed.
- 7:08Like if that celebrity doesn't produce that best content for your.
- 7:13first off, it's not gonna go beyond their follower base and it might
- 7:16be only to a very limited pool.
- 7:18Whereas if you a lot of your eggs in multiple baskets, right, like
- 7:23Mm.
- 7:24your risk across maybe a hundred different smaller creators, um, you are increasing
- 7:30your chances of that viral moment.
- 7:32You are increasing your overall engagement levels across each
- 7:36one of those individual profiles.
- 7:38'cause of the smaller profiles naturally.
- 7:40people who care, right?
- 7:41It's like
- 7:42Yeah.
- 7:42close acquaintances, passionate followers who are actually in their follower pool.
- 7:47And it's more authentic, right?
- 7:49Like when you have a small audience, you're real, you're not like truly fake.
- 7:54You're not getting paid massive amounts of money for a promotion,
- 7:57which about a product that you do not care anything about, right?
- 8:02Um, like a lot of these smaller creators sometimes do things because they
- 8:06actually just love the product itself.
- 8:08They'll do it for free
- 8:09Yeah.
- 8:09Um, so it just becomes this much more authentic thing.
- 8:12And, and just one other note to add to your note about what you're seeing
- 8:17in the YouTube world, um, the social platforms, what they realized is like
- 8:22when social media first developed, um, they wanted to get as many
- 8:27people following everyone, right?
- 8:28Like more people you followed.
- 8:30I think Facebook's kind of growth hack was like, we want 10, follow
- 8:34someone to follow or get 10 friends in.
- 8:37Um, 30 days or something
- 8:39Yeah.
- 8:40Right?
- 8:40And it was like the more connections you had, the more you
- 8:42became sticky to the platform.
- 8:45as things evolved, what happened was like you started following random
- 8:49people you didn't really care about.
- 8:50You know what I mean?
- 8:51Like your friend was following it, it was a recommended thing.
- 8:54Someone you
- 8:54Yeah.
- 8:55ago, like you just also, then all of a sudden you had thousand, you were
- 8:58following hundreds or thousands of people that like, you didn't really.
- 9:03Like their content or engage with their content, right?
- 9:05And then when you went on to a Facebook, an Instagram, like you would, your
- 9:11feed would then just be filled up with all this content from people that you
- 9:15had followed at one point, but you don't really care about their life or
- 9:17about what their story is, et cetera.
- 9:19And then you just leave the platform.
- 9:21And they hate that, right?
- 9:22They want to keep you sticky.
- 9:24And obviously there's a play of just feeding you new stuff
- 9:27to kind of get you hooked.
- 9:28But the real reality is, if.
- 9:30There is some piece of content that someone produced that's really, really
- 9:33engaging and everyone loves it, right?
- 9:36odds are that someone who's not following that account would like it to
- 9:40are pretty high, and so now Instagram TikTok is showing you content that
- 9:45just overall has very high engagement
- 9:48Mm-hmm.
- 9:48gonna make people stay on the platform, and so.
- 9:53I mean like the, there's this new saying, obviously it's not super
- 9:56new, but like content is king, right?
- 9:57And it, and it rings true, um, in the influencer world and the
- 10:00social media world dramatically as well because, and it gives this
- 10:04power to these smaller creators.
- 10:06Um, and to your point, like gone are the days where you really needed to
- 10:11have this top podcast with thousands, hundreds of thousands of accounts.
- 10:16Same thing on the social side for the influencers, um, to be a
- 10:19really valuable asset to a brand.
- 10:21And now you can really work, diversify that budget across a much
- 10:25smaller creators and, um, just get a much better bang for your buck.
- 10:30That's so true.
- 10:31I think it's, um, and, and also it flips what I'm hearing, which I
- 10:37think is delightfully refreshing, is, is it flips the script, right?
- 10:41So, um, I I, I'm a, you know, a small e-comm business, for example, I don't
- 10:47have to, I don't have to worry if I haven't got 20,000 followers on my
- 10:52brand's Instagram account, right?
- 10:54Yeah.
- 10:55I, I, I just, I can do more with a hundred well-intentioned followers
- 10:59than I can do with 20,000 people that could care less about my brand, right?
- 11:03That never really engage with it.
- 11:04And so I think it, it, it feels like it works both ways.
- 11:08It's like, as I use influencer marketing, I don't necessarily need to
- 11:12be concerned about the numbers per se.
- 11:14There are things I do need to care about, which we'll get into.
- 11:17Yeah.
- 11:17also when I'm building my own Insta, my own social media channels, my
- 11:22own podcast, my YouTube channel, my own Instagram, whatever it is, um,
- 11:26I think we're slowly becoming less and less concerned about the numbers.
- 11:30And there are other, as in the follow account, there are things which, which
- 11:33are a lot more interesting to us.
- 11:35Um, which I, I think takes the pressure off, uh, in, in, in many ways for people.
- 11:41Um, I read a stat here which said almost half of all consumers.
- 11:46So when it says almost half, it said 49%, which I'm gonna say is actually
- 11:50half, um, half of all consumers make a purchase at least once a
- 11:55month because of influencer posts.
- 11:59Absolutely.
- 12:00Yeah,
- 12:01I mean, that's a, it's an incredible stat.
- 12:03I.
- 12:04It is, it is, um, it is remarkable and it, it shows the power, right?
- 12:10It's like, and the real reality behind it, and this is something influencers have
- 12:14kind of, a lot of people have perceived them as this weird negative connotation,
- 12:19like this sellout, like who's just, are all sparkles and glitter, right?
- 12:25Um, but the essence of influencers is really word of mouth marketing, right?
- 12:30It's.
- 12:30Yeah.
- 12:30A trusted referral from someone who you some affinity towards
- 12:36or trust their opinion, right?
- 12:38Um, and like that is the oldest and mo best marketing tactic in
- 12:44the history of the world, right?
- 12:45Yeah.
- 12:45you trust your friends more than ads more than anything else.
- 12:50And what's happened is we've this, in this digital era of social media, you become
- 12:55friends with all of these different.
- 12:57People across the world, right?
- 12:59Maybe not a very close acquaintance, but like you trust them in some
- 13:02capacity, especially the smaller kind of people who are more niche, right?
- 13:06Who like you're really, we like to honestly shift the term of
- 13:09influencers to passion promoters.
- 13:11Like if you're passionate about something, you're passionate
- 13:13about woodworking, right?
- 13:14You're gonna be following accounts that are like master woodworkers.
- 13:18Maybe they're not professional woodworkers who own this like multinational
- 13:22woodworking corporation, right?
- 13:24But.
- 13:25They're in their shop, they're making really great things, and
- 13:29they're teaching you how to do what you want to do best, right?
- 13:32And so you trust them.
- 13:33And so when they're gonna recommend some wood glue or the best kind of jigsaw
- 13:38to actually use, to cut your wood, um, you're gonna probably actually trust them
- 13:43more than that multinational company or that CEO is going to tell you what to do.
- 13:48Yeah, without a doubt.
- 13:50That's, it comes down to why now, like one outta two sales are coming from, uh,
- 13:56from these influencer emotions online.
- 13:58Yeah, it's, it's incredible.
- 13:59It's incredible.
- 14:01Ladies and gentlemen, listen, if you are enjoying this show and why would you not
- 14:04be, then let me invite you to something we are calling e-commerce Cohort.
- 14:09Uh, Cohort is a. Kind of, how would I describe Cohort?
- 14:13It's basically where you get together on a Zoom call with
- 14:15other eCommerce entrepreneurs.
- 14:16We've got one in New Zealand, uh, and Australia.
- 14:19We've got one in the uk.
- 14:20We've got one.
- 14:21So starting in the summer in the States, a new one starting
- 14:24in the summer in the States.
- 14:25Uh, the smallish groups come meet some fellow eCommerce
- 14:28entrepreneurs, shoot the breeze.
- 14:29Talk about eCommerce.
- 14:30It's totally free.
- 14:31And if you'd like to know more about where you can join those groups.
- 14:34Just go to the website ecommerce-podcast.net.
- 14:37That's ecommerce-podcast.net.
- 14:40Now let's talk about the how then will, because I, I get it.
- 14:45I, I, I, I've just written a series of blog posts actually, which is
- 14:49slowly getting released on LinkedIn.
- 14:50A small plug for my LinkedIn can follow me on LinkedIn at my Edmundson anyway, um.
- 14:56I've just read a series of posts on LinkedIn about story, um, and using
- 15:01story to effectively engage people and how actually Google Analytics
- 15:04can't measure this that well, right?
- 15:07It Google Analytics can't tell you if somebody smiled when
- 15:10they were on your webpage.
- 15:11One of the things that came out in that research, which I thought was
- 15:14fascinating, was about 60 to 70% of.
- 15:21Um, your direct traffic is probably coming from referrals, but no one
- 15:27knows how to capture that, whether that's they've seen a influencer
- 15:31post somewhere, or whether that's a friend telling them or whatever it is.
- 15:36I mean, it's again, stupid high amounts of data, which we just
- 15:39can't measure, and we just.
- 15:41I think because it's not a metric we see on Google Analytics, it's one of those
- 15:45things that just sort of goes down the bottom of the list, isn't it really?
- 15:48Yeah,
- 15:48Um, so the big question then is how, how do I get started?
- 15:52How do I do this?
- 15:53How do I, how do I do this?
- 15:54Well,
- 15:56great question.
- 15:57So little backstory on myself.
- 16:00Very brief.
- 16:01I was actually an eCommerce seller since 2008.
- 16:03Little after you in 2002.
- 16:06But, um,
- 16:07I.
- 16:07to actually also make some do woodworking.
- 16:09I sold cutting boards, handmade cutting boards,
- 16:13Very popular with YouTubers.
- 16:15Yes.
- 16:15yeah, um, jewelry, toy products, teeth whitening products.
- 16:20So the whole gambit across my own eCommerce websites, Amazon, you name it.
- 16:26how I got into influencer marketing was I was using it and how I ended up starting.
- 16:30The company that I have today, which is Stack Influence, that helps
- 16:33brands, um, actually connect and scale micro influencers, um, across
- 16:39the eCommerce e ecosystem, was I was using these tactics myself.
- 16:43And so to answer your question of how.
- 16:46Um, how do you start?
- 16:48Right?
- 16:48Um, so how we started when we were first kind of getting our feet
- 16:51wet was we did the whole gambit.
- 16:53And when I also talked about putting all your eggs in one basket, don't, and like
- 16:57celebrity influencers can be hit or miss sometimes they can work fantastic, right?
- 17:01Like you find the right creator who's really like right in your niche and,
- 17:06um, you pay them $10,000, right?
- 17:08Sometimes it can be a fantastic ROI, it just can be a risk.
- 17:12And so.
- 17:14We use the full spectrum of different types of influencers and went out
- 17:17after the celebrities by finding maybe someone on YouTube or Instagram
- 17:21and DMing them or finding their agent, getting in touch with them.
- 17:24Right.
- 17:25Um, wasn't too complex usually to, if you're trying to pay
- 17:28someone thousands of dollars to, uh, get them to take your money.
- 17:31Right.
- 17:32Um, but what we ended up starting to realize was as this social media platform
- 17:38shift happened and content became kind of more of the forefront strategy and
- 17:43us realizing that like, Hey, we just sent a free product to someone who had
- 17:485,000 followers, and that post drove us more sales than the $10,000 we.
- 17:53to this like person with 5 million followers, right?
- 17:56Um, it was a crazy like, epiphany.
- 17:59And so we were like, how do we get more of these types of people?
- 18:02And the initial strategy is just diving extremely deep into media search, right?
- 18:11So let's say that you are selling a yoga mat and you're trying to,
- 18:14or actually, um, a protein powder.
- 18:17You're trying to find people who are interested in health and wellness, right?
- 18:19Maybe you search.
- 18:22Um, different fitness gyms, right?
- 18:24Like LA Fitness or, um, different 24 Hour Fitness, right?
- 18:29Like, and people who are tagging those.
- 18:30If someone's tagging that on social media, probably interested in fitness,
- 18:34they're probably passionate about it.
- 18:35They might be interested in a protein powder that you're selling, right?
- 18:38And so then really just start.
- 18:41DMing these people trying to get their email addresses outreaching, creating a,
- 18:45some sort of pitch to them of what the value that you're offering is not maybe
- 18:50just a free product, but maybe you're gonna give them a commission of sales.
- 18:53They share an affiliate link.
- 18:55Um, maybe you give them rewards if they actually certain goals
- 18:59with impressions, et cetera.
- 19:01So come up with a pitch.
- 19:02Come up with a brief of kind of.
- 19:05Give them creative control, but you wanna push them in the right direction, right?
- 19:08You wanna make sure that that content is aligned with your
- 19:10brand and your aesthetic.
- 19:13give them a deadline and, and try to get them to do the promotion.
- 19:17Takes a decent amount of work.
- 19:18And it took us a lot of work in the beginning.
- 19:21And part of the reason why Stack Influence our company even started was
- 19:26because we started building out internal tools, um, to optimize this process.
- 19:30The biggest challenge we faced was.
- 19:34we were deciding to scale and we wanted to do like hundreds or thousands of
- 19:38promotions for certain products and new launches, it became very difficult to
- 19:43find enough people in a short timeframe.
- 19:45Like I wanna, how do you find a thousand people to do promotions in a month?
- 19:48Right?
- 19:48I. for the most part.
- 19:50But like we started to build out automation tools in-house, like a lot
- 19:54of things like scraping AP or tapping into APIs on social media to kind of do
- 20:00those searches to find the right people.
- 20:02Auto email campaigns.
- 20:04Putting people into follow up sequence, like sequences to actually reengage with
- 20:09them, remind them of certain tactics.
- 20:11and that really became the foundation of stack influence,
- 20:14Right.
- 20:15and why we started as a company in general, but very accessible for
- 20:18any brand to get their feet wet.
- 20:20And some people, when you're an e-commerce brand, especially if you're
- 20:23just starting out, um, you think it's inaccessible, but like absolutely you can
- 20:28find 10, 20 people who are willing to.
- 20:31Um, if not, do something for just a free product exchange, at
- 20:34least do something for affiliate commissions or a small monetary fee.
- 20:38Maybe it'd be a hundred bucks per post.
- 20:39Right.
- 20:40Um, and test the market.
- 20:42And that's a really important thing to get started, is like not every
- 20:46product is promoted in the same way.
- 20:49Um, and you need to kind of, different influencers do different
- 20:53creative things, so you wanna.
- 20:55create this initial brief of what you think might work.
- 20:58Um, put it out there, start getting feedback, start seeing what types of
- 21:02influencers content they're creating.
- 21:05Take those results and take those learnings and then apply that to
- 21:09kind of your next batch, right?
- 21:11And, and refine that strategy.
- 21:12Like honestly any other marketing initiative.
- 21:15But it is key.
- 21:16'cause social media changes so rapidly, you to kind of
- 21:19consistently be evolving, but.
- 21:21That's basically my recommendation for do it yourself system.
- 21:24And if you're trying, if you have the budget and want to use a platform like
- 21:29tapping in, there's a lot of different influencer tools out there, whether
- 21:32it's a database that you could tap into that's preexisting and tools
- 21:35to out do cold outreach yourself.
- 21:37Whether it's a system like Stack Influence that automates everything for
- 21:40you if you don't have the bandwidth to.
- 21:43Be manually outreaching to every, all these people.
- 21:46Um, and now even the social platforms have some portals to find people
- 21:51Yeah.
- 21:51interested in doing it.
- 21:52Like Amazon, if you're an Amazon seller, has their own Amazon kind of influencer
- 21:56portal, can find good people there.
- 21:59TikTok has kind of a little influencer platform.
- 22:02Um, so another great way is to kind of utilize a system to filter and
- 22:07find some good people for your brand.
- 22:09Yeah.
- 22:09That's great.
- 22:10Thank you.
- 22:11I, I'm intrigued.
- 22:12Uh, um.
- 22:15As I think through my, sort of my own journey with influencer
- 22:19marketing, so having been approached a lot, so I get approached by
- 22:23people to sponsor the podcast.
- 22:25'cause obviously the podcast has influence.
- 22:27Um,
- 22:28Absolutely.
- 22:28uh, I get approached, I remember how it, I. For me how it started.
- 22:34I got approached by a bike company.
- 22:38Um, I bought an electric bike, um, from a company called Ampler.
- 22:42They were a small brand in Estonia.
- 22:44I bought it off Kickstarter, um, years ago.
- 22:48And I, I, when I got the bike, I just said to the guy that was in our office,
- 22:51he, the, the, one of the designers, I just pick up a camera, let's just shoot
- 22:54a YouTube video on opening this bite.
- 22:57'cause no one knew anything about them.
- 22:59So I thought it'd be interesting.
- 23:00I'll throw it on YouTube and see what happens.
- 23:02Um, and I, I, I threw this thing on YouTube and it was interesting
- 23:06'cause no one else had done a video about this particular brand of bike.
- 23:09So it became number one.
- 23:10And then I did another video and that became number two.
- 23:13And it started to get thousands of views and I. It didn't take long for
- 23:16that company to go, well, actually a lot of people are watching these videos
- 23:19and they're making a buying decision based on what you've said in the video.
- 23:22So when they did the next model ranges, they're like, can you
- 23:25do some more videos for us?
- 23:26We'll send you the bikes.
- 23:27I'm like, sure, man.
- 23:28See, it was, it was just flattering to be asked if I was honest with you.
- 23:33Um, and so it, it became this really interesting sort of
- 23:38symbiotic relationship in many ways.
- 23:41But then I, I also think about some of the companies that we have, um, with
- 23:47Econ brands, and I guess I'm thinking about some of the people that I've
- 23:52connected with, whether it's through Cohort, whether it's through coaching.
- 23:55It's not all I. It's not all sunshine and rainbows with influencer marketing
- 24:01and, uh, the, the to listen to you talk is you go worse is a no brainer.
- 24:05And it sounds all very simple.
- 24:06Let's get started and see what happens, but where does it go wrong and how can
- 24:09we mitigate for those circumstances?
- 24:12Absolutely great questions.
- 24:15So first off, not every product works for influencers, right?
- 24:20Um, as a simple example, like athlete's foot cream.
- 24:26Sells millions of dollars every year, right?
- 24:28Yeah.
- 24:29wanna go on social media and talk about foot fungus?
- 24:31Probably a few of them would be okay with doing that.
- 24:34But like, and if you're gonna pay someone tens of thousands of dollars, but.
- 24:39It's gonna be very hard to get a lot of people interested in
- 24:42Mm-hmm.
- 24:42And so there's certain sensitivity to what people are willing to actually
- 24:47promote to their family and friends.
- 24:49An electric bike, right?
- 24:50Like, fantastic, gimme that bike.
- 24:52I'll create some content for you.
- 24:53Absolutely.
- 24:53Worth, worth my while.
- 24:55Um, but other content, like especially in the product seeding world, like
- 24:59where I'm just sending something free, maybe it's just not enough of a value.
- 25:03Like you're like, this is a $5 product.
- 25:05Why am I going to.
- 25:07Do all of this effort to create a nice video, et cetera, um,
- 25:11for your small product that is not giving me much value, right?
- 25:14And you want to compensate people for their time, it has to be worth it.
- 25:18So that's one thing to think about is like the product that you're selling needs to
- 25:24be the right fit for the right people.
- 25:26And that
- 25:26Yeah.
- 25:27of backfire because you're just gonna spend a huge amount of effort
- 25:30outreaching to people, and no one's going to kind of pick up on your, um.
- 25:36or really just don't do a very good job at promoting it because it's
- 25:39just not that much value for them.
- 25:42The second thing I would say that is difficult is, um, again, crafting, giving
- 25:49people creative control, but giving them direction and in and good direction
- 25:54to what you expect as quality content.
- 25:57Right.
- 25:58And that can be very subjective 'cause.
- 26:01In my days of selling products, like sometimes we had some like, kind of not
- 26:07totally blurry, but like iPhone video that wasn't super high quality, um,
- 26:12that ended up converting on the ads.
- 26:15We ran with
- 26:15Yep.
- 26:16times better than like the perfectly curated like Sony film,
- 26:21like beautiful camera, right?
- 26:23Um, and so it's sometimes hard to tell what's gonna work and what's
- 26:26not, but at the same time, that's why it's really important to.
- 26:30Um, do those tests.
- 26:32Now, if you're doing the product seeding strategy, you're sending a bunch of
- 26:36free products and you're doing it at scale, there is going to be content
- 26:41you're going to get back, and this is an expectation that you should
- 26:44understand that is not very good.
- 26:46Right?
- 26:46Like that you would never
- 26:48I am laughing because I've seen said content.
- 26:51Uh, yes.
- 26:51Many times.
- 26:52And you're gonna like hit yourself on the head and be like, what
- 26:55was this person even thinking?
- 26:57Right.
- 26:58I don't like we usually, it's like there's pato distribution to everything, right?
- 27:02So like you're gonna see 20% of the content outta the 2080 principle is
- 27:08like going to be absolutely fantastic.
- 27:10Like something you should have paid someone if you gave 'em a free product,
- 27:13like thousands of dollars to create like,
- 27:15Hmm.
- 27:16You wouldn't have even been able to find that person is like so creative.
- 27:19Unbelievable.
- 27:20It converts really well, it's fantastic.
- 27:23Um, another 20% is probably going to be mediocre, like not, not very good.
- 27:29And then the, the rest of the bulk of the 60% is gonna be average.
- 27:33And that's kind of, that is at least in the micro nano world, like a lot
- 27:37of these people aren't professionals.
- 27:40They don't do this for a career, right.
- 27:42Um, they're doing, and this is on the product seating side of things, right?
- 27:48Um, so content is something that you have to kind of settle your expectations with.
- 27:53But the reality is, is going back to like that really not that great content
- 27:57that we thought wasn't that great.
- 27:58'cause like aesthetically and visually, it like wasn't like super popping.
- 28:02It still converted really well.
- 28:04And that's the surprising thing.
- 28:06And you'll see this on social media.
- 28:07Like you'll see these videos that like.
- 28:09Are shaky and like, but like they're kind of exciting.
- 28:13Um, but it was like filmed by someone like with like a flip phone and you're like,
- 28:18and it has like millions of views, you
- 28:20Yeah.
- 28:20And so is where that diversification of risk, like spreading out a lot
- 28:26of different promotions, trying a lot of things, is the goal
- 28:29Mm-hmm.
- 28:30upset, um, with.
- 28:33Like, oh, you got some bad stuff.
- 28:35Like, this is all influencers are horrible, right?
- 28:38Like you gotta, you gotta let it test out and maybe run some ads with it.
- 28:42Like, really Like see, time to actually implement and see results.
- 28:48Now as a last follow up thing to that, sometimes influencer promotions
- 28:53right off the bat don't work, but in a longer term, like one, one
- 28:57promotion off, like a singular one didn't drive any sales, right?
- 29:02I. But then to your point, like that person sometimes maybe is like
- 29:06amazing advocate to their friend.
- 29:07They're actually using the product that starts driving
- 29:10sales somewhat harder to track.
- 29:12But a real reality that we started to see was like, as we started to seed out
- 29:15products, we'd get these initial results that we'd track from the influencer
- 29:20promotions itself, but then all of a sudden we'd start to incrementally
- 29:24see like our overall sales just.
- 29:26Jacking up without us doing anything and like shifting
- 29:30any of our other advertising, other marketing budgets, right?
- 29:33And there were these massive halo effects that came from just
- 29:37Yeah.
- 29:37product into the hands of people.
- 29:39Um, I mean, some people literally do a product seeding strategy where
- 29:43you just ship products out to people without asking anything in return, and
- 29:46there's value to that alone, right?
- 29:48So that's something to actually really understand and to also understand that.
- 29:55Maybe the first promotion, that first piece of content that someone
- 29:58created didn't work out totally well, maybe it was timing, maybe it
- 30:01was the style that they produced.
- 30:03There's a variety of factors that can go into it.
- 30:05Um, but giving them an affiliate join, having them join like an affiliate
- 30:10commission program, excuse me, where they're getting 10% to keep promoting.
- 30:15Maybe they promote two, three other times and this has happened to us.
- 30:18And then like they became our best kind of sales.
- 30:22Influencer, like they were driving a crazy amount of sales when their first
- 30:26one, like didn't do anything for us.
- 30:29Um, and so it's kind of like, don't give up and, but that is things
- 30:33that can actually happen that are on the negative side to your point.
- 30:35Like, it's like you're gonna get promotions that don't
- 30:38drive anything for you.
- 30:39And content that like you think really sucks.
- 30:42And it's like.
- 30:44Take it with a grain of salt in
- 30:46Mm-hmm.
- 30:47gives people second chances and try to create longer term relationships with
- 30:52people and utilize content in different ways and test it out because sometimes
- 30:56your perceptions aren't always what the actual mass consumer market feels.
- 31:01That's super practical.
- 31:02I love that.
- 31:03I guess I, and, and, and listening to you talk, I'm, I'm forming the strategy
- 31:07in my head, which says, right, what I should do is, um, product seed.
- 31:11So, you know, it's easy enough to send, for example, our supplement business
- 31:14that you, you can send product out.
- 31:16That's not a problem.
- 31:16You know, go, go try that product.
- 31:18I. Actually don't just do that.
- 31:21Actually form a relationship with them, which says, actually,
- 31:23here's some free product, plus, here's a, an affiliate thing.
- 31:26These are some of our content guidelines.
- 31:28Have at it, knock yourself out.
- 31:29We just wanna be able to use 'em as ads, right?
- 31:32I wanna retain some kind of creative control over these.
- 31:34Not control, but I wanna be able to use this content, right?
- 31:37exactly.
- 31:38and so.
- 31:41That, that feels very sensible to me because the cost of the product in
- 31:46some respects and sending it out to them is an expense, but it's not huge.
- 31:51Um, and actually you've given free product, whether they decide to
- 31:55do something with it or not is, is I guess, entirely up to them.
- 31:58And you want them to be motivated.
- 31:59And the ones which go, well, the first one bomb, let's try it again.
- 32:02And it, it kind of, you know, that one hit home and they're
- 32:05killing it on the commission.
- 32:06We had one lady who, um.
- 32:09With our beauty business.
- 32:11She wrote a blog, a single blog post, um, which was sent, we made at least
- 32:2060 grand a month in sales off that one blog post that I could track.
- 32:23Um, and so we reached out to her and said, listen, do you wanna
- 32:26set up this, uh, affiliate thing?
- 32:28Man, your blog post is killing it and you may wanna write some more blog posts.
- 32:31She goes, no, no.
- 32:32I just really like the product.
- 32:32Really like you guys just gonna leave it alone.
- 32:34She could have made six grand a month.
- 32:37She was just like, yeah, no.
- 32:38I was like, I love you lady.
- 32:42Love you can just, it is awesome.
- 32:44And I think, um, I like the idea of the long-term relationship.
- 32:48I guess one question that comes to mind Will, as I listen to you talk,
- 32:52is should I start, I've got 150,000 customers on my database, um, for,
- 32:59uh, or whatever the numbers are.
- 33:02Should I email that 150,000 people and say, Hey, we're starting
- 33:04this new affiliate scheme.
- 33:05Would anybody be interested in joining, um, or influencer the
- 33:09scheme, or whatever we wanna call it?
- 33:11Is that a good place to start or is it better to actually start with, say,
- 33:15a platform like yours where you are sort of one stage removed from people?
- 33:19Honestly, I think outreaching to your customer list is a fantastic way to start.
- 33:24Um, you don't know.
- 33:26who those customers are, what their follower bases are, what their engagement
- 33:31levels, what their creativity levels are.
- 33:33Um, they also already have your product,
- 33:36Yeah.
- 33:37product is.
- 33:37If it's a consumable, they've already eaten it.
- 33:39Right?
- 33:40Um, then maybe it's gone.
- 33:41But if you have a product that even a beauty product that's consumable,
- 33:45like, or can be used over time, maybe they still have it, right?
- 33:50And so now you don't have to actually send out.
- 33:52A new product as an extra expense.
- 33:55Um, and there's some kind of guarantees of, this is one issue with product seeding
- 34:00is, and you kind of briefly brought this up, you shive a whole bunch of products
- 34:05to people with expectations of them ideally doing something in return for
- 34:09it, and then a decent portion of them, platforms and agencies who do this, like
- 34:15say like 30 to 50%, you send products out, you don't get anything in return.
- 34:19Right.
- 34:19Um.
- 34:21So by reaching out to your customer base that mitigates that, right?
- 34:24They already have the product.
- 34:25There's no loss.
- 34:26If they don't create a post, there's, you didn't lose any inventory.
- 34:29Mm-hmm.
- 34:30Um, we actually at Stack Influence have created a similar
- 34:35model to a customer base model.
- 34:36We actually before, in order for an influencer to receive a
- 34:39product through Stack Influence.
- 34:41They actually have to become a real consumer of the brand first
- 34:45Right.
- 34:45they can collaborate.
- 34:46We get them to go buy the product with their own money.
- 34:48And then we have a cashback system where it's like, Hey, you did the social post.
- 34:53We'll give you your money back.
- 34:54We'll give you maybe some cash rewards.
- 34:56We'll give you some affiliate commissions after the fact.
- 34:58Um, so you kind of get monetarily rewarded after you do the thing.
- 35:03But if they end up not promoting for us, hey, they just.
- 35:06I made a free sale.
- 35:08They just became a real customer.
- 35:09Yeah.
- 35:10the product anyway.
- 35:11Yeah.
- 35:11harm with how.
- 35:12Um, but it's a, it's a great way because you're, at the end of the
- 35:16day, also the best promotions are real auth, like authenticity is
- 35:20key and your customers are actual authentic promoters of your product.
- 35:24They, they spent their hard earned money to buy your product, like they are a true
- 35:30representation of who should be a great advocate for you as long as they liked it.
- 35:34Yeah.
- 35:35Um, so it's a great way to do it.
- 35:37I absolutely just, especially to get your feet wet.
- 35:40Um, not only on a cost saving way, but also honestly on a promotional way.
- 35:44We've, we've had a fantastic, there's actually now, I believe a Shopify,
- 35:49um, plugin that will do that.
- 35:51It'll identify if you have Shopify, um, identifies your customers who
- 35:56potentially could be creators and you can tap into that, um, yourself.
- 36:01So, um, absolutely
- 36:03That's interesting.
- 36:04Yeah.
- 36:04Yeah.
- 36:04I. It makes lot.
- 36:05And I guess you can segment your customer data and you can go, well, these
- 36:08guys have ordered two or three times.
- 36:10So actually they like us a lot.
- 36:12So, um, and it's, I think it's easy to say to a customer, listen,
- 36:15this is what we're starting.
- 36:16If you put out some post tags in there, and then we will
- 36:19send you this as a result.
- 36:21Right?
- 36:21And it's, there's that mutual element of trust that it's gonna happen, but you're
- 36:25not really sending out product until it does, but, and you're sending out product
- 36:28to your best customers anyway, and they probably deserve it, so why would you not?
- 36:32Right?
- 36:32So,
- 36:32Hundred
- 36:33um.
- 36:35What sort of, um, I, I appreciate this is how long's a piece of string, but
- 36:39what sort of percentage of my marketing budget should I be thinking about here?
- 36:44What sort of, is there a minimum sort of amount of money I should be thinking about
- 36:49spending or is, is that too simplistic?
- 36:51I.
- 36:52No.
- 36:53Um,
- 36:55it depends on kind of what your growth strategy is and where your, what phase of.
- 37:02Growth you are in with your e-commerce business, right?
- 37:06When you're first starting out, new product launches, getting the word out.
- 37:09It's like, in my opinion, one of the best times to do influencer marketing.
- 37:14Um, because you're, you're killing multiple birds.
- 37:18One stone, you're getting your product into the hands of
- 37:20people when you first launch.
- 37:22That's giving you just also product feedback.
- 37:24It's product research, right?
- 37:25Like, um, so that's insanely valuable.
- 37:28Someone's gonna tell you right off the bat, Hey, your product sucks.
- 37:31I'm not promoting this to my audience, and you can be like, what's wrong with it?
- 37:35Right?
- 37:35And then you can reiterate.
- 37:37And so it's a great way to just get your product in the hands
- 37:39of people to give you feedback.
- 37:41second, just some initial awareness, right?
- 37:43Like, um, people talking about it, some initial sales.
- 37:46It's like the hardest thing when you're first starting off.
- 37:49Third is influencers can dramatically actually help
- 37:52with SEO, especially in 2025.
- 37:54Um, AI agents as Google's investing more as perplexity and open ai, um, chat,
- 38:00GPT people are using it for search.
- 38:02They're feeding in social posts, so the post captions and the feeds,
- 38:07and it's gonna be coming even more powerful as the years go on.
- 38:12Yeah.
- 38:13it's.
- 38:14really helps boost up your SEO,
- 38:16Yeah.
- 38:17and if you're doing like blog post influencer promotions, which is kind
- 38:21of actually how a lot of the online influencer stuff started, um, but it's
- 38:25just becoming more and more impactful now.
- 38:29Fourth is you're building up a initial network of advocates that
- 38:33can consistently promote your product for those commissions.
- 38:36In the long run, the quicker and the longer you build that up, the
- 38:39larger you build it up, the better and more successful you're gonna be.
- 38:43finally, is the content that you produce, right?
- 38:45Like when you first start off I, when I did a photo shoot, et cetera, but
- 38:49getting actually what the industry calls user generated content or
- 38:52UGC, um, it converts better on ads.
- 38:56People wanna see, they call social proof on a website, like real customers
- 39:00using the product, actual feedback.
- 39:02So building up, doing influencers, like it's, it's a brand
- 39:07building exercise as well.
- 39:08And so getting a whole bunch of content of real people using it.
- 39:12Using that for social media, using that for online ads, using
- 39:15that to strengthen your website.
- 39:17All really, really valuable.
- 39:18Right?
- 39:19Um, and more impactful when you first launch.
- 39:21'cause that's kind of the hardest thing to get, whether you're selling on your
- 39:25website, whether you're selling on Amazon, like getting visibility or Walmart.
- 39:29Um, it's hard to kind of kickstart and get a punch and influencer fantastic for that.
- 39:34Now I would like.
- 39:38If I had $10,000 to spend, let's say, on a marketing budget, which some
- 39:43people don't even have that amount of money when you're first starting,
- 39:45but nowadays things are competitive.
- 39:47So you gotta have something to spend.
- 39:49Yeah.
- 39:50I'd at least spend 50% of that on influencers to start off.
- 39:54Now, as you scale up, you're going to, um, figure out what channels work for
- 40:00you, whether it's social ad channels, search channels, marketplace advertising.
- 40:05If you're on Amazon.
- 40:06Um, you're gonna wanna obviously do cac, LTV ratio analysis of like figuring
- 40:12out exactly how, what channels are bringing you the best bang for your buck.
- 40:16But I think influencers always should be part of the strategy.
- 40:18I'm a bit biased here, but being an eCommerce seller myself, um, we always
- 40:24spend at least 30% of our budget on influencers and sometimes up to 75%.
- 40:28Yeah.
- 40:28at certain times, just because of the power and the multi multitude
- 40:32of value it actually provided us.
- 40:35Um, Unilever just came out this year an announcement that they're in moving
- 40:4050% of their entire advertising and marketing budget to influencers.
- 40:43So one of the largest CPG companies in the world, um, is announcing that play.
- 40:49So obviously something's working in, in the ecosystem.
- 40:53Yeah, I Do you know Jay from Bold Commerce?
- 40:56Have you come across Jay Smears from Bold Commerce?
- 40:58Yeah, I believe so.
- 41:00Jay's a really interesting guy.
- 41:01I really like Jay.
- 41:02I had, um, breakfast with him last year at Subs Summit.
- 41:05Um, I'm not sure when this podcast is coming out, but if it's coming
- 41:08out before subs, Sumit and you're gonna be there, let me know.
- 41:11'cause I'd quite frankly like to meet you.
- 41:13Um, but, uh, I, I, subs, Sumit, and I, and we were chatting away with Jay
- 41:16and I said, Jay, listen, if you were gonna start, I love this question.
- 41:19I said, if you were gonna start a beauty brand today, how would you do it?
- 41:21And he looked at me and he said, I'd make it a members only site and I'd
- 41:25do nothing but influence marketing.
- 41:27It was that.
- 41:28It was, it was, it was.
- 41:30And that conversation lasted two hours, by the way.
- 41:32But it was just a really great, um,
- 41:37approach that he had that actually, no, I'll just do influence
- 41:40marketing, forget everything else.
- 41:41Do influence marketing.
- 41:42Make it a member's only site.
- 41:43What's wrong with you?
- 41:43Why, why are we having this conversation?
- 41:45It's, is this really interesting?
- 41:47And so I, I I, I can see why it's fast becoming, especially because
- 41:52Facebook's be a, you know, the.
- 41:55I was having a conversation with someone today, Matt.
- 41:57My, um, acquisition costs have doubled in the last month on Facebook.
- 42:01Nothing else has changed what's going on and.
- 42:03Google AdWords is becoming more and more problematic in many ways.
- 42:07And, um, TikTok Shop is great if you're a certain type of product and you can
- 42:11discount it and you can get on it, but it's, it's not as straightforward
- 42:15as maybe we would like it to be.
- 42:17But at the same time, influencer marketing, it is not really, like you
- 42:21say, it's not going anywhere because it's been around what, for thousands of years.
- 42:25We, you know, people tell stories to each other, don't they?
- 42:27So, um, get on it.
- 42:30Get on it.
- 42:31Well, listen,
- 42:31You don't
- 42:32we've.
- 42:32any budget to do it is the last thing, right?
- 42:34Like if
- 42:35Yeah.
- 42:36you can ship free product out.
- 42:37You have to put in some legwork to do that.
- 42:39But like going back to the budget side, like yes, to scale you need some money,
- 42:44Mm-hmm.
- 42:45like if you're just starting out and you want to put in some manual effort,
- 42:47like you better have product when you're first selling the product, start
- 42:51shipping some free product out and
- 42:52Yeah.
- 42:52Yeah.
- 42:53can literally start getting sales promotions, brand
- 42:57building with zero marketing,
- 42:59Yeah.
- 43:00zero money in the bank.
- 43:01So.
- 43:02So true, so true.
- 43:04Um.
- 43:06Question for me, will I, I, this is where I, ladies and gentlemen, if you're new to
- 43:09the show, I ask my guest for a question.
- 43:12Uh, they give me that question.
- 43:13I will answer that question over on LinkedIn.
- 43:15Now, if you've been following me a little while, you'll go, Matt, there
- 43:18are a few questions you've not actually answered on LinkedIn now, and I'll put
- 43:20my hand up and say, yes, I've been a little bit slack on remiss on this, but
- 43:24alas, the strategy and mechanism is now in place for me to do this on a regular
- 43:29basis, which is a wonderful thing.
- 43:31Um, so Will, what's your question for me?
- 43:36Well, great question to me.
- 43:39Um, inspired you to become an eCommerce Podcast influencer yourself?
- 43:47Oh, an eCommerce Podcast influencer.
- 43:49I love that.
- 43:51EPI.
- 43:52Why are you an EPI Matthew?
- 43:54Uh, that's a great question If you wanna know my answer to that question.
- 43:57Yeah, if you wanna, yes, absolutely.
- 44:00If you wanna know my answer that question, come follow me
- 44:02on LinkedIn at Matt Edmundson.
- 44:04Well, listen, I great conversation, man.
- 44:07Um, how do people reach you?
- 44:09How do they connect with you if they wanna do that?
- 44:11Absolutely.
- 44:12Um, feel free to reach out directly to me.
- 44:14My email is william@stackinfluence.com.
- 44:17Happy to give advice overall if you're just getting started
- 44:20or wanna start scaling up.
- 44:21Influencer marketing.
- 44:23And if you're interested in a platform that helps you automate, and also
- 44:27with that scaling of the micro influencers and product seating,
- 44:31um, check out stackinfluence.com.
- 44:33That's my company.
- 44:34Um, you can go to the website, you can quickly sign up right
- 44:37at the top right corner.
- 44:38Um, find us on every single social platform at Stack Influence.
- 44:43and yeah, that's basically it.
- 44:45Fantastic.
- 44:45We will of course, link to that information in the show notes,
- 44:50which you can get along for free with all kinds of insights.
- 44:54We, uh, with our newsletter, we started to really, uh, we're
- 44:57just about to launch version.
- 44:582.0 I suppose.
- 45:00I dunno, it's probably more like version 10.0, but it, we are
- 45:03gonna launch a new version of our newsletter in the coming weeks.
- 45:06We are really putting some effort into this and making, uh, adding some
- 45:09real value to the whole podcast thing.
- 45:11So that is available for free as well at ecommerce-podcast.net.
- 45:15It will contain all of the links to, well as does the website
- 45:18ecommerce-podcast.net, as does the show notes, which, let's be real.
- 45:21You can get the show notes just by scrolling down on your podcast
- 45:24app, so you can do that as well.
- 45:25Uh, well listen, uh, it's been great having you on the show, man, and thank you
- 45:29for reviving my interest in said topic.
- 45:32Uh, I've got lots of notes, which is always a beautiful thing, and I will
- 45:35be talking to our marketing department.
- 45:39Well, not tomorrow 'cause it's good Friday.
- 45:42And so we are, we are, we're off now until Tuesday, which is a wonderful thing.
- 45:46Uh, but next week certainly we'll be talking to them.
- 45:49Um, and that, uh, happy Easter to everybody.
- 45:51By the way, if you are listening to this and I appreciate it's you by the
- 45:54time you listen to this, it, Easter will have gone long gone, but I hope
- 45:56you didn't get too fat and chocolate.
- 45:58Um, but happy Easter.
- 46:00Uh.
- 46:01Let's do the saving the best till last.
- 46:03So if you've made it this far and you've stayed with us, uh, wonderful
- 46:06listeners, then uh, I like to do this thing at the end of the show
- 46:09called Saving the Best Till Last.
- 46:12And this is where I say to my amazing guests, like, will, will the top tip that
- 46:18you know the absolute best of the best of the best of the information that you
- 46:22can give us on this whole topic, uh, of influencer marketing For the listeners
- 46:27that stayed till the end, the faithful.
- 46:29The righteous, the amazing, uh, people that are still here.
- 46:34What, what's, um, what's the two minute top tip you'd love to share?
- 46:38Top tip, um, is influencers are one of the best tactics for
- 46:44e-commerce marketplace growth.
- 46:47and the reason behind it.
- 46:48So think Amazon, Walmart, target, um.
- 46:52All of those marketplaces are search engines, and they're
- 46:55more competitive than ever.
- 46:56More than 3000 people join Amazon every single
- 46:58Mm-hmm.
- 46:58Um, and when, those of you who search on Amazon and buy products on
- 47:03Amazon, the few of you, um, when you search for something, 75% of people
- 47:08don't go past the first page, right?
- 47:09You got, I think it's like 45 listings on the first page, right?
- 47:14With all these sellers on there, and very limited attention to only a few different
- 47:20listings for any given search topic.
- 47:22Um, it's very hard to break through.
- 47:25You could say the noise, right?
- 47:27When you first launch a product you're on maybe page a thousand, right?
- 47:31Maybe more depending on what the topic is.
- 47:34Why influencers are fantastic for this, and this is my best tip, is that.
- 47:39When you first launch on a platform like Amazon, Amazon needs to understand data.
- 47:44They have, they call it the Cold Start problem.
- 47:46Um, they don't know where to place you.
- 47:48It's a risk for them to put you on page one because of your product Sucks.
- 47:52gonna lose out on a huge amount of sales.
- 47:55It's like their shelf space, right?
- 47:56You're just taking up space.
- 47:58But if your product's fantastic and they're not putting you
- 48:01up there, maybe you could be the best selling product ever.
- 48:03And now they're making a huge amount more commission from you.
- 48:07And so the only way for Amazon, Amazon tests you when you first launch.
- 48:12But the testing takes a long time.
- 48:14Now, if you can give Amazon the data it needs to say, Hey,
- 48:17this product is fantastic.
- 48:18Amazon's gonna push you right up.
- 48:20And influencers are a fantastic way to do that.
- 48:23By driving external traffic sales that's trusted and high converting.
- 48:27It basically gives the Amazon algorithm the data it needs to say, Hey, this
- 48:31product deserves to be at the top.
- 48:33And we've seen listings that have implemented this strategy like 13 XRO.
- 48:37I like went from doing a hundred sales a month.
- 48:40To like 1500 sales in like literally a month timeframe.
- 48:45and then they, if they were sticky, if they had a good product, once
- 48:50they maintained, got to that growth standpoint and started
- 48:53actually converting onto organic consumers, those sales didn't stop.
- 48:56So it became this like, Hey, I just activated like a hundred influencers.
- 49:02Drove up a whole bunch of sales, um, didn't do any more influencer marketing.
- 49:06I 13 x by growth, and my sales haven't stopped because now I have
- 49:09the visibility within the marketplace.
- 49:11I broke through, you know what I mean?
- 49:12And I was high converted.
- 49:14So that's my last tidbit.
- 49:16For those of you who are listening, who are selling on an e-commerce
- 49:19marketplace like Amazon or Walmart, or plan to, influencer marketing's
- 49:23a fantastic strategy for it.
- 49:25Fantastic.
- 49:27Well, thank you so much, man.
- 49:29Uh, loved every part of the conversation and, um, if you, like I say, go check
- 49:34out Stack influence, but, um, it's been an absolute pleasure, my friend.
- 49:37Thank you so much.
- 49:38My pleasure.
- 49:39Thanks for having me on, Matt.
- 49:40Well, there you go.
- 49:41Ladies and gentlemen.
- 49:42Thanks to Will again for coming on the show.
- 49:44Oh, I can do this thing Will, where you'll like this.
- 49:46Uh, let me watch it.
- 49:47Oh no, that's the wrong one.
- 49:49Uh, where's, where's it gone?
- 49:52Where's it gone?
- 49:54Oh, it's gone off my system.
- 49:55Oh, no.
- 49:57There it is.
- 49:58There we go.
- 49:59Sorry about, it wasn't even really worth waiting for, was it?
- 50:02I just, my system is all kind of messed up, isn't it, at the moment.
- 50:07But, um, well, thank you for coming on, man.
- 50:09Uh, it's been an absolute tree.
- 50:10It really has.
- 50:12Uh, but that's it from me.
- 50:13That's it from me.
- 50:14Thank you so much for joining us.
- 50:16Have a fantastic week wherever you are in the world.
- 50:18I will see you next time.
- 50:19Bye for now.