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5 influencer marketing trends for 2023 for businesses in every industry

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5 influencer marketing trends for 2023 for businesses in every

While it feels as if there are some things that have returned to normal since the pandemic hit just over two years ago, there are important learnings for brands and businesses that remain relevant – and will continue to be so for the foreseeable future.

One such learning has been the increased adoption of eCommerce by consumers, as more and more South Africans have taken to the internet to meet their needs. As a result of this, some of the more traditional marketing methods have been rendered less effective, while digital marketing,and more specifically, influencer marketing, has been on the up and up.

As brands, businesses, and consumers, continue to evolve and adapt in a world where markets are undergoing rapid change and speedy innovation, it’s not enough to simply do influencer marketing, which has increased across all industries globally. Rather, it’s imperative to be smart about it, and to keep abreast of the trends within influencer marketing that can help assure a positive return on investment.

Albert Makoeng, Head of Sales at theSALT reveales five of the influencer marketing trends worth noting to keep your brand and business ahead of competitors, while investing in an increasingly important marketing channel that shows no sign of falling to the wayside any time soon.

Video Content is King

This isn’t the first time you’re going to read that video content is king and it won’t be the last. Indeed, video content has been on the list of almost every ‘best practice’ digital and influencer marketing piece for the past several years – and there’s good reason for it. As 5G and fibre increase their foothold across the country, and the world, people are consuming more video and audio content daily. This has helped increase the level of influence that content creators have on video-streaming platforms like YouTube, Twitch, and TikTok. When drafting an influencer campaign, it’s important to place an emphasis on the creation of video content alongside static assets because short- and long-form video content is dominating across all industry and influencer levels.

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Build a Relationship – and Build it to Last

When it comes to the duration of your influencer campaign, it should be about building a relationship that lasts. According to Nael Schaffer, who was named a Forbes Top 50 Social Media Power Influencer for two years in a row, we’re increasingly going to see brands and influencers partnering together for the long-term. Among the many reasons he lists for this, it comes down to the reality that it can take time to make a sale. This means running a long-term campaign with an influencer will likely be more impactful than short marketing campaigns consisting of a couple of posts here and there. Brands and businesses are also gaining awareness of the positive impact of fostering a stronger, long-term relationship with an influencer who matches their ideals, lending a greater degree of legitimacy and authenticity to the communication both parties share.

Micro- and Nano-Influencers Lead on Engagement

An influencer marketing benchmark report for 2022 found that while engagement rates in general have dropped across social media channels, this isn’t the case for most nano- and micro-influencers, who continue to show impressive engagement rates that also drive better conversion rates. This makes micro- and nano-influencer campaigns a must for brands and business across all industries, not just because it allows them to stretch their marketing budget a little further, but it empowers them to tap into established target audiences that are deeply connected to the real human being they’re already following. For this reason, it remains important to favour the engagement rate of a micro- and nano-influencer over their follower numbers.

TikTok is a Necessity

While there are only 24 hours in a day, it seems there’s always room for another social media channel! TikTok, in particular, has seen exceptional growth, in part due to the pandemic, which kept people locked up and online. Many influencers have amassed huge followings on the platform and brought brands into the fold by partnering with them to create sponsored ads and posts. With some predictions suggesting TikTok will dethrone Instagram as the leading platform for influencer marketing, the B2BHouse marketers believe marketing teams will double what they spend on TikTok in the next two years, indicating that it’s the place to be, and be seen, for some time to come.

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The Link Between Influencer and Affiliate Marketing

Many marketers consider influencer and affiliate marketing to be separate activities, but in reality, both involve an ‘outsider’ advocating for a business or brand, and the products or services it sells. Affiliate marketing is considered an arrangement in which a business pays a percentage commission to the person or organisation marketing their products or services for the traffic or sales generated from their activity. Understanding this makes it clear how the line between the two has become blurred, making it necessary to move beyond using influencer campaigns to simply raise awareness and enabling influencers to drive sales, from which they’re able to make a small profit as well.

This not only enhances the positive impact an influencer can have on a business’ eCommerce, it also adds a degree of increased authenticity to their message because it will tend to be reserved for a product or service they use themselves. By viewing influencer and affiliate marketing as interconnected, the results are win-win for both the influencer and the business, while making the shopping experience for the customer more efficient and convenient as well.

In light of these and other reasons, it’s clear that influencer marketing is here to stay. And while there is no one-size-fits-all solution to devising a winning influencer campaign, the challenges and opportunities each campaign brings are the perfect motivation for some out-of-the-box thinking that ensures you place your energy, attention, and ad spend, exactly where it needs to go.

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Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

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Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

Four-day workweeks might have all the buzz, but one major tech company is going in the opposite direction.

Samsung is implementing a six-day workweek for all executives after some of the firm’s core businesses delivered lower-than-expected financial results last year.

A Samsung Group executive told a Korean news outlet that “considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome this crisis.”

Lower performance combined with other economic uncertainties like high borrowing costs have pushed the South Korean company to enter “emergency mode,” per The Korea Economic Daily.

Related: Apple Is No Longer the Top Phonemaker in the World as AI Pressure and Competition Intensifies

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Executives at all Samsung Group divisions will be affected, including those in sales and manufacturing, according to the report.

Samsung had its worst financial year in over a decade in 2023, with the Wall Street Journal reporting that net profit fell 73% in Q4. It also lost its top spot on the global smartphone market to Apple in the same quarter, though it reclaimed it this year.

Though employees below the executive level aren’t yet mandated to clock in on weekends, some might follow the unwritten example of their bosses. After all, The Korea Economic Daily reports that executives across some Samsung divisions have been voluntarily working six days a week since January, before the company decided to implement the six-day workweek policy.

Entrepreneur has reached out to Samsung’s U.S. newsroom to ask if this news includes executives situated globally, including in the U.S., or if it only affects employees in Korea. Samsung did not immediately respond.

Research on the relationship between hours worked and output shows that working more does not necessarily increase productivity.

A Stanford project, for example, found that overwork leads to decreased total output. Average productivity decreases due to stress, sleep deprivation, and other factors “to the extent that the additional hours [worked] provide no benefit (and, in fact, are detrimental),” the study said.

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Related: Samsung’s Newest Galaxy Gadget Aims ‘To See How Productive You Can Be’

Longer hours can also mean long-term health effects. The World Health Organization found that working more than 55 hours a week decreases life expectancy and increases the risk of stroke by 35%.

The same 55-hour workweek leads to a 17% higher risk of heart disease, per the same study.

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John Deere Hiring CTO ‘Chief Tractor Officer,’ TikTok Creator

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John Deere Hiring CTO 'Chief Tractor Officer,' TikTok Creator

This article originally appeared on Business Insider.

Agriculture equipment company John Deere is on the hunt for a different kind of CTO.

The brand on Tuesday announced a two-week search to find a “Chief Tractor Officer” who would create social media content to reach younger consumers.

One winning applicant will receive up to $192,300 to traverse the country over the next several months showcasing the way John Deere products are used by workers, from Yellowstone National Park to Chicago’s Wrigley Field and beyond.

“No matter what you do — whether it’s your coffee, getting dressed in the morning, driving to work, the building you go into — it’s all been touched by a construction worker, a farmer, or a lawn care maintenance group,” Jen Hartmann, John Deere’s global director of strategic public relations, told AdAge.

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To kick off the search, John Deere tapped NFL quarterback Brock Purdy (who will presumably be a bit busy this Fall to take the job himself) to star in a clip in which he attempts to set out on a road trip in an industrial tractor.

Suited up in the obligatory vest, work boots, and John Deere hat, Purdy’s progress is interrupted by teammate Colton McKivitz hopping into the cab while a string of messages floods in from other athletes and influencers expressing interest in the job.

The clip also represents the first time that the 187-year-old company has used celebrities to promote itself, Hartmann told AdAge.

According to the contest rules, entrants have until April 29 at midnight to submit a single 60-second video making their pitch for why they should be the face and voice of the company.

In addition, entrants must live in the 48 contiguous states or DC — sorry Hawaii and Alaska residents. Interestingly, any AI-generated submissions are prohibited, too.

Videos will be judged against four categories — originally, creativity, quality, and brand knowledge — after which five finalists will be chosen and notified after May 17.

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How to Capitalize On This Thriving Talent Pool to Drive Your Company’s Growth

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How to Capitalize On This Thriving Talent Pool to Drive Your Company's Growth

Opinions expressed by Entrepreneur contributors are their own.

As business operations shift, executives and entrepreneurs are increasingly turning to an on-demand workforce that is simultaneously empowered by technology and drawn to purpose-driven projects.

Consider Upwork, whose 2020 Future of Workforce Pulse Report revealed that nearly 80% of hiring managers engaging freelancers feel confident about doing so. These hires provide coveted expertise — on a project-to-project basis — that entrepreneurs need to scale their operations without incurring long-term overhead costs.

This new market paradigm also promotes dynamism, with 79% of businesses agreeing that freelance talent enables greater innovativeness. Perhaps most telling, 84% of hiring managers utilizing it feel more assured about adapting to future disruption, compared to just 69% of those relying solely on full-time staff.

By capitalizing on freelance marketplaces, entrepreneurs can amplify employer branding, augment capabilities and future-proof organizations, even amid turbulence. As nearly 60% of hiring managers plan to increase engagement with freelancers over the next two years, the time is now for executives to realize their inherent potential.

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Related: Navigating the Great Reshuffle: Why Your Employer Brand is Key in Recruiting Talent

The job market continues to shift

After a season of massive hiring, we’re back to seeing layoffs and downsizing. Companies are feeling the bloat—from unused office spaces with rising rent to oversized employee structures — and are shifting focus to hiring only the most essential positions. This leaves a critical talent gap needed for complex projects and specialized tasks. Highly skilled and specialized independents can fill this void.

A few key benefits to engaging them:

Access to niche experts: Platforms like Toptal and Guru provide access to elite professionals from leading Fortune 500 companies and innovative startups. Whether the need is for a machine learning specialist, growth strategist or financial modeler, entrepreneurs can now curate on-demand teams that boast specialized skillsets, enabling them to focus investment on projects with the highest strategic value.

Enhanced agility: Leading corporations increasingly “rent” skills by tapping freelance experts for initiatives involving new technologies or while entering unfamiliar markets. With niche contributors available to plug knowledge gaps, owners can explore ideas that once seemed unrealistic due to internal constraints—unlocking inventiveness and first-mover advantage.

• Stronger employment brand: Blending full-time employees with project-based freelancers signals a commitment to modernization and work-life balance. Offering both engaging work and flexibility will help draw exceptional candidates and help you compete with corporate giants for top-tier talent.

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Related: Can Retirees Thrive in the Gig Economy? Navigating a Changed Workforce

Tips for capitalizing on gig talent

Having explored the forces reshaping work, executives may wonder how to effectively leverage freelance platforms. After all, how can you know you’re getting your money’s worth if a hire isn’t physically present full-time?

• Define projects clearly: Contract hires thrive when expectations and deadlines are established upfront. So, clearly, detail needs around deliverables, success metrics, required skills and projected time investments. Staying ahead when it comes to communication and expectations will help avoid headaches, including delays.

• Build loyalty with talent: The best independent professionals have options regarding the projects they accept. Study their profiles to discern passions and incentives. Offer interesting work, flexibility and strong communication to motivate interest and improve results.

• Manage collaboration: Provide steady context, feedback and guidance at each project stage, but also foster autonomy, even while directing efforts toward strategic goals. A dynamic balance of these qualities drives optimal outcomes.

• Continue expanding your talent pool: Add proven freelancers to an internal database for repeat engagements, and notify talent about new initiatives for which their expertise would provide an edge. Uncovering additional ways, freelancers can enhance the business deepens the relationship.

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Related: Fill Your Talent Gap by Sourcing Candidates From the Veteran Community

Top platforms for connecting with talent

Now comes the hard part: finding contractors who bring fractional expertise sets. There are a growing number of platforms, of course, but I’ve found that the following stand out as leaders:

Fiverr: Ideal for execs seeking design, digital marketing, writing, video and admin support. Known for affordability and ease of posting jobs. It taps a global talent pool, too.

Upwork: A flexible platform that spans more than 150 skills. Used by everyone from small businesses to global enterprises. Strong at IT, development, design, finance and consulting.

Toptal: Focuses exclusively on the top 3% of talent. Best for expert software developers, designers, project managers and finance experts. All contributors are extensively vetted.

Contra: A growing independent platform that vets and connects both job candidates and hiring companies. Best of all, it doesn’t take a commission from projects.

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Related: 3 Strategies to Optimize Your Hiring Process and Find the Best Employees

The numbers speak for themselves: businesses engaging freelance professionals report greater confidence and competitiveness, as well as the ability to withstand turbulence, yet legacy beliefs can still cause hesitancy among those keen to hire. Supported by such specialized collaborators, companies can explore new horizons unencumbered by a one-time narrow view of staffing models.

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