(Micro-)influencer marketing is said to be one of the best performing marketing channels, with ROAS as high as $6.5 per each $1 spent.
Do you collaborate with influencers to get visibility and new users? Has it worked well for you?
I tried one form of it, which was newsletter sponsoring. To promote a new freemium B2B marketing tool, I invested over $8,000 in advertising through 24 different newsletter creators.
We were able to generate 162 new direct users, or about $52 per user. I wrote my learnings from this test here: https://medium.com/@paul-louis.v...
We tried it at Pathway, but it works pretty randomly. So, can't say right now that it's a scalable and stable acquisition channel.
But one thing I learned: always offer 70% less than the initial amount they want 😄
@natalia_toth@ardak_ reached out to them directly. We found a popular list of people in design and research on X, picked the relevant ones, and DMed them on X or LinkedIn. We got around 20 publications on the launch day. Most of them were in exchange for a product subscription, and we had 3-4 paid publications. some even agreed to do it for free!
Influencers are tough and pricey. I'm experimenting with AI tools to boost my marketing efforts and get more bang for my buck. Tools like Jasper.ai and Claude can help craft targeted social media posts, ad copy, and landing pages at a fraction of the cost of influencers. Still early days but shows promise as an alternative channel to explore.
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