Valuing Influencers for Big Brands & Startups

Winfluence - The Influence Marketing Podcast

Those of us on the agency or services side of the influence marketing industry covet one thing really: Insights from brand-side marketers, particularly those who are the decision-makers in the business. I would imagine talent managers and some creators also covet that since the brand’s investments in any of us is what makes the industry tick.

In that broad category of brand decision makers, there are a wide variety of businesses and brands. You have small businesses, often mom and pop, local shops, who are regular businesses we encounter all the time. They’re probably not often called startups, which is a separate category.

These are companies that often take on investments and try to grow to be medium to large businesses. They’re tricky because when they’re really new, they don’t have any money to invest in marketing. As they grow or take on investments, that budget grows and they can wind up being a godsend for those of us looking for brands to help who area also able to pay for that service.

And then there are mega brands … the ones you always hear about. They have big teams, multiple brands within portfolios and lots of money to spend.

A few weeks ago on LinkedIn, one person at the latter of those three types of companies struck up a conversation that caught my attention. Kyle Peters works in the strategy and innovation department at Nestle … the largest retail company in the world. He focuses on internal innovation, but he joined the team there after building a startup ice cream brand. So he’s been on the startup and small business side, too.

Kyle asked this: What is the value of an influencer? I was intrigued. So I jumped in and contributed to the comments, but then asked Kyle if he’d like to come on Winfluence and talk about the topic. We’d be tickled to have someone from Nestle sharing that kind of conversation with us. His perspective from the startup and small business side are helpful too.

So today, Kyle joins me to talk about his background, but then, the value of influencers from both sides of the aisle … how influencers and creators value themselves versus how agencies and brands do.

Winfluence is made possible by Cipio.ai – The Community Commerce Marketing platform. What does that mean? It’s an influencer marketing software solution, but it has additional apps that function to tap into your brand community to drive commerce. Community Commerce Marketing moves beyond influencers to fans and followers, customers, employees and more. Try its generative AI application, Vibe Check, with a two-week free trial at cipio.ai/vibecheck, and generate a library of social captions in minutes you can use right away.

Learn more about your ad choices. Visit megaphone.fm/adchoices