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Research Outline
Prepared for Kyle T. | Delivered September 9, 2019
CPG Influencer Marketing
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Goals
To understand the effectiveness of influencer marketing for consumer packaged goods brands through data points and case studies in order to create an influencer marketing deck.
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Early Findings
Influencer Marketing Statistics
A recent study by Annalect reports that
49%
of respondents rely on product recommendations from influencers. In fact,
40%
claim they have purchased products after seeing an influencer use the product on Twitter, YouTube, or Instagram.
The study also reported that there is a
5.2X lift
in purchase intent when potential customers are exposed to both tweets from the brand and tweets from influencers.
A study by TapInfluence found that for every dollar a company spends on influencer marketing, companies earn an average of
$7.65
.
Micro-influencers
, those with between 10k and 100k followers, see more engagement than influencers with higher followers. This may be because consumers view them as more authentic.
Case Studies
5-Hour Energy Drink
In October 2018,
5-Hour Energy Drink
, ran an influencer marketing campaign that followed three Instagram influencers at a Dierks Bentley concert.
The three influencers posted
15 Instagram posts
before, during, and after the concert, promoting the 5-Hour Energy drink and Dierks' Mountain High Tour.
The campaign ad return was
$6.11
and resulted in incremental sales of
$1.2 million
. Addtionally, the campaign saw
22.9 million
impressions.
Cottonelle
In 2017, Cottonelle ran an influencer marketing campaign to promote the
Cottonelle Clean Care Box
, available only at Target.com.
The brand teamed with over
30 Parenting and Lifestyle
influencers who created original stories and content promoting the box and pointing potential customers to Target.com.
Influencers created over
700 pieces
of content which included over
30 blog storie
s, over 100 photos of the product, and over 600 social media posts.
Generated content resulted in
11.5 million impressions
, 12,500 engagements, and 10,500 visits to the product landing page.
In addition, the product sold out within
48 hours
after it was released.
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