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Survey: Nearly 60% of Marketers Plan to Boost Influencer Marketing Budgets

TomosonInfluencerMarketingBudgetChartInfluencer marketing is becoming an effective way for brands to generate big returns on social. As new influencers emerge on different social networks, businesses are looking to connect with those influencial people and their followers. Influencer marketing platform Tomoson recently polled marketers to get a sense of the current state of the market.


Tomoson surveyed 125 marketers to get their opinions on how much revenue influencer marketing can generate, along with other metrics. 59 percent of those marketers believe in influencer marketing so firmly that they plan to increase their ad budgets for it within the next 12 months. 11 percent plan to maintain their present budget, 20 percent are unsure and only 10 percent plan to decrease their spending.


In terms of growth, 22 percent of marketers rated influencer marketing as the fastest-growing online customer-acquisition method. Organic search was ranked second at 17 percent, and email came in at 15 percent. Among the marketers surveyed, only 5 percent believed affiliate marketing was a growing method for customer acquisition.


The survey revealed that influencer marketing provides great returns for most of the businesses that use it. On average, businesses are making $6.50 for every $1 spent. 70 percent of businesses are seeing a return of $2 per $1 spent, and the top 13 percent of marketers are gaining $20 per $1 spent. That said, 30 percent of marketers are losing money, or just breaking even.


When asked which metrics are most important, marketers were heavily focused on revenue. 56 percent believe that the greatest measure of success was the amount of revenue generated. 14 percent considered social shares to be most important, while 9 percent valued click-through rates and 5 percent were happy with the earned-media value the marketing generated.


To see which platforms are most important to influencer marketing, or to see which channels are most cost effective, view the poll data here.



Survey: Nearly 60% of Marketers Plan to Boost Influencer Marketing Budgets

How one author raised $11000 to publish the book that has since helped nearly triple his income

ryan hanley.JPGRyan HanleyRyan Hanley with his book and his one-year-old son, Duke.


In early 2013, Ryan Hanley decided he wanted to write a book.


Outside of his career in the insurance industry, he had been writing about content marketing on his website and running a podcast on the same subject since 2011.


“I started to hear the same story over and over again,” he remembers. “There were all these great books, but there was a step missing — they were tactical, here’s-how-you-do-it-and-make-it-work books. I thought they were missing the first step.”


To raise the money he needed to self-publish an appropriately professional-looking book, using professional cover editors, interior designers, and story and copy editors, he estimated he’d need $8,000-$11,000.


He was earning about $55,000 a year living in Albany, New York, and left his job to focus on his own business the same month his campaign went live: July 2014.


To get the extra cash, he turned to Publishizer, an online fundraising platform specifically for authors. In only 21 days, he’d raised the $10,000 he asked for, finishing the month and the campaign just shy of $11,000.


As to what made his fundraising so successful, Hanley credits the philosophy behind the book: That a content marketer is always building his audience. 


“The whole philosophy is that you’re always building your audience, whether or not you have a product that exists yet,” he explains. “You need to provide as much value as you can.”


content warfare coverRyan HanleyThe book that Hanley self-published.


Hanley started the campaign with a simple picture of his as-yet-nonexistent book and a blurb about what it would be, then bulked up his appeal with a video, and a “blooper reel” with outtakes from the first video shoot.


“It’s not super professional,” he admits. “My wife helps me and is making fun of my pink shirt, which showed ‘here’s an actual human being, not someone who is untouchable."” He then included a fully edited section of the book “so people could get a feel for what they were actually purchasing.”


A lot of the campaign’s success, he says, is due to his audience: an email list of about 5,000, 10,000 followers on Twitter, 12,000 connections on Google Plus, and a podcast audience of about 10,000. “The podcast is an unbelievable platform,” he explains. “I don’t have a direct metric, but I can tell you from going through the 157 people that contributed, at last 60% are podcast listeners.”


In part thanks to his now-published book, ‘Content Warfare: How to Find Your Audience, Tell Your Story and Win the Battle for Attention Online,’ Hanley estimates that his income has nearly tripled since the days before authorship. He once again holds a day job — in fact, he was only on his own for a month and a half before he got an offer to capitalize on the knowledge he shared in his book doing content marketing with an insurance firm.


It was an offer he couldn’t refuse. “It allowed me to leverage up from a 15-person, one-location agency to this national organization,” he explains. “It’s been great because now I’m putting all the concepts in the book to a scale that’s helping a lot of businesses.”


On top of that, Hanley speaks about content marketing around the country (he has nine events scheduled over the next few months for $1,000-$2,000 each), which he estimates makes up 15%-20% of his income. He makes another 5% through affiliate marketing, and about 10% directly from the book.


He’s just starting to make plans for another one — and he’s considering funding it online.




How one author raised $11000 to publish the book that has since helped nearly triple his income