Wow.
Speaker:Hello, I'm Matt Edmundson and you are listening to the eCommerce Podcast.
Speaker:Now, I've been an eCommerce since 2002.
Speaker:If you're regular to the show, you'll know this, but if you're new
Speaker:to the show, a very warm welcome.
Speaker:Like you, I run my own eCommerce business.
Speaker:Has been in the trenches, been been there.
Speaker:Seen that, done that, got the t-shirt, and just love chatting
Speaker:to people about eCommerce.
Speaker:And these days I partner with eCommerce brands to help them grow, scale and exit.
Speaker:That's kind of what I get into.
Speaker:And if you'd like to know more about that and how that works and whether or
Speaker:not we could work together, head over to our website, ecommerce-podcast.net
Speaker:or one word ecommerce-podcast.net.
Speaker:Now, today, ladies and gentlemen, you'll be pleased to know.
Speaker:We are talking about that most delectable and delightful conversation.
Speaker:All to do with influencer marketing.
Speaker:We have a go-to expert on this.
Speaker:Mr. William.
Speaker:We are gonna be chatting to him.
Speaker:So William, welcome to the show.
Speaker:Great to have you on, man.
Speaker:Uh, appreciate you being here.
Speaker:And I'd like I said to you before, hit the record button.
Speaker:Let's just hit the ground running.
Speaker:Influencer marketing.
Speaker:We all screw it up.
Speaker:What's the, what's the main way we screw up influencer
Speaker:marketing and how can we fix it?
Speaker:Well, first off, thanks for having me on, Matt.
Speaker:I'm excited to dive in.
Speaker:So hit the ground running.
Speaker:Um, biggest thing.
Speaker:How people screw up influencer marketing is their perception of
Speaker:what influencers are and putting too many eggs in one basket.
Speaker:so when most people think about influencers, you think of the Kardashians,
Speaker:you think of these celebrities with millions of followers, right?
Speaker:Yeah.
Speaker:social media's changed a lot in the past decade where it used to
Speaker:be the fact that you went on social media, you posted on a Monday and.
Speaker:If all of your followers were on social by Wednesday, they
Speaker:would all have seen your content.
Speaker:Yeah, yeah, yeah.
Speaker:And now
Speaker:I remember those days.
Speaker:The good old days.
Speaker:Absolutely.
Speaker:It was very, it was much easier, honestly, like, and, and follower base
Speaker:was a very, very important metric.
Speaker:that's kind of now gone out the window.
Speaker:And most people, like when they're going after influencer marketing, they're
Speaker:like, I'm only gonna work with the people with that big follower base.
Speaker:where things have shifted is a content led strategy.
Speaker:So how the social platforms have changed is that if you're not producing
Speaker:really good content, regardless of your follower base, only a certain percentage
Speaker:of your followers are actually going to see the content that you put out.
Speaker:Um, and so what's happened is these celebrities, these people with millions
Speaker:of followers, sometimes only 1% or less than 1% of their audience actually ends up
Speaker:Yeah.
Speaker:the stuff that they actually create, right?
Speaker:What the social platforms have also done is if, if there's someone produces a
Speaker:really great piece of content, they're not just gonna show that to the people who
Speaker:are following them, they're gonna start showing that beyond their follower base.
Speaker:And so, um, you could literally have a thousand followers on social media and
Speaker:get a post that gets a million views.
Speaker:And
Speaker:Yep.
Speaker:These social shifts have changed the playing field, and it's a big
Speaker:mistake people really do is that they just focus and pay huge amounts of
Speaker:money to someone with this massive follower base as opposed to focusing
Speaker:on the content someone produces.
Speaker:Who they're catering to, kind of the niche audience.
Speaker:And it's, it's also shifted this playing field to allow much smaller
Speaker:creators to become as valuable as these celebrity promotions promoters,
Speaker:Yeah.
Speaker:and open the gateway, we call it, democratizing the social
Speaker:media or the influencer world.
Speaker:Um, and it made these, what the industry calls nano or micro
Speaker:influencers, much more powerful in 2025.
Speaker:It's a really interesting comment because I, I, one of the things that I've noticed
Speaker:will, and, and maybe you can talk to this, right, uh, I'm a big fan of YouTube.
Speaker:Um, just I, I watch it a lot, right?
Speaker:As a lot of people do, and I, I have my hobbies.
Speaker:I like wood.
Speaker:Working.
Speaker:I like doing those kind of things and I will watch videos on how to, I
Speaker:don't know, do this particular type of wood joint or something like that.
Speaker:One of the things that I have noticed, the videos that, that are starting to come up
Speaker:more and more on my feed are not the how to get a million followers on YouTube.
Speaker:Um, it's more now how to make.
Speaker:$150,000 from a hundred followers on YouTube, right?
Speaker:It seems to be that the change has been around.
Speaker:Not grow a big ass audience, but actually take what you've
Speaker:got and monetize that deeply.
Speaker:In other words, there are ways that you can make small audiences work for you.
Speaker:This is kind of what my interpretation of those, uh, titles are, and
Speaker:I'm seeing that more and more.
Speaker:I'm seeing it more in the podcasting world.
Speaker:Um.
Speaker:On one of our, uh, sort of sister company podcasts, if you
Speaker:want of a better expression.
Speaker:Um, we had, um, someone was recently talking about how they made 150
Speaker:grand, but only had like a hundred followers or a hundred downloads
Speaker:or something on their podcast.
Speaker:I mean, it was, it is crazy, you know, the, sort of the numbers.
Speaker:But this is what we're noticing more and more, right?
Speaker:It's less and less about the big numbers.
Speaker:It's more and more about what you can do with the small audiences.
Speaker:So when, when I hear you talking.
Speaker:I'm hearing you say to someone like me who's an econ brand, sure.
Speaker:You can go after, I think you used the example of Beyonce or whoever
Speaker:it was, you know, Britney Spears.
Speaker:I don't know.
Speaker:Kylie Minogue, uh, would be more my era.
Speaker:Um, I. But that's expensive for not guaranteed success.
Speaker:But actually you can now use the micro influencers.
Speaker:The whole thing is democratized.
Speaker:And like you say, certainly I see this on TikTok.
Speaker:I can, I can post something on TikTok with an account that's got 68
Speaker:followers and it'll get thousands and thousands of views in interactions.
Speaker:Um, it,
Speaker:spearheaded this trend.
Speaker:Yeah.
Speaker:It seems to be, I, I dunno if it's tiktoks way of, um, getting you sucked
Speaker:into the platform, you know, you're a new account, we're gonna give you
Speaker:stupid views to make you feel like you're doing something special.
Speaker:Um, and it sort of dies off a little bit.
Speaker:I dunno, but I'm, I'm intrigued by this idea of micro influencers.
Speaker:But before we get back into that whole topic, the smaller numbers thing,
Speaker:the other thing you mentioned, so you mentioned perception, but you
Speaker:said too many eggs in one basket.
Speaker:What did you mean by that?
Speaker:Yeah, so as an eCommerce brand or honestly any brand, right?
Speaker:Um, you only have a limited marketing budget and naturally influencers
Speaker:with a massive following, millions of followers, they're going to charge you.
Speaker:And same thing would be for a podcast or anyone with this massive follower base.
Speaker:their fee for a sponsorship or um, a promotion is gonna be quite big.
Speaker:Hmm.
Speaker:And the reality is, is you're putting, by putting most of your marketing budget
Speaker:into that bet, you are putting a lot of your eggs in one basket in the sense
Speaker:that like it could be hit or miss.
Speaker:And that's the
Speaker:Yeah.
Speaker:'cause of how things have changed.
Speaker:Like if that celebrity doesn't produce that best content for your.
Speaker:first off, it's not gonna go beyond their follower base and it might
Speaker:be only to a very limited pool.
Speaker:Whereas if you a lot of your eggs in multiple baskets, right, like
Speaker:Mm.
Speaker:your risk across maybe a hundred different smaller creators, um, you are increasing
Speaker:your chances of that viral moment.
Speaker:You are increasing your overall engagement levels across each
Speaker:one of those individual profiles.
Speaker:'cause of the smaller profiles naturally.
Speaker:people who care, right?
Speaker:It's like
Speaker:Yeah.
Speaker:close acquaintances, passionate followers who are actually in their follower pool.
Speaker:And it's more authentic, right?
Speaker:Like when you have a small audience, you're real, you're not like truly fake.
Speaker:You're not getting paid massive amounts of money for a promotion,
Speaker:which about a product that you do not care anything about, right?
Speaker:Um, like a lot of these smaller creators sometimes do things because they
Speaker:actually just love the product itself.
Speaker:They'll do it for free
Speaker:Yeah.
Speaker:Um, so it just becomes this much more authentic thing.
Speaker:And, and just one other note to add to your note about what you're seeing
Speaker:in the YouTube world, um, the social platforms, what they realized is like
Speaker:when social media first developed, um, they wanted to get as many
Speaker:people following everyone, right?
Speaker:Like more people you followed.
Speaker:I think Facebook's kind of growth hack was like, we want 10, follow
Speaker:someone to follow or get 10 friends in.
Speaker:Um, 30 days or something
Speaker:Yeah.
Speaker:Right?
Speaker:And it was like the more connections you had, the more you
Speaker:became sticky to the platform.
Speaker:as things evolved, what happened was like you started following random
Speaker:people you didn't really care about.
Speaker:You know what I mean?
Speaker:Like your friend was following it, it was a recommended thing.
Speaker:Someone you
Speaker:Yeah.
Speaker:ago, like you just also, then all of a sudden you had thousand, you were
Speaker:following hundreds or thousands of people that like, you didn't really.
Speaker:Like their content or engage with their content, right?
Speaker:And then when you went on to a Facebook, an Instagram, like you would, your
Speaker:feed would then just be filled up with all this content from people that you
Speaker:had followed at one point, but you don't really care about their life or
Speaker:about what their story is, et cetera.
Speaker:And then you just leave the platform.
Speaker:And they hate that, right?
Speaker:They want to keep you sticky.
Speaker:And obviously there's a play of just feeding you new stuff
Speaker:to kind of get you hooked.
Speaker:But the real reality is, if.
Speaker:There is some piece of content that someone produced that's really, really
Speaker:engaging and everyone loves it, right?
Speaker:odds are that someone who's not following that account would like it to
Speaker:are pretty high, and so now Instagram TikTok is showing you content that
Speaker:just overall has very high engagement
Speaker:Mm-hmm.
Speaker:gonna make people stay on the platform, and so.
Speaker:I mean like the, there's this new saying, obviously it's not super
Speaker:new, but like content is king, right?
Speaker:And it, and it rings true, um, in the influencer world and the
Speaker:social media world dramatically as well because, and it gives this
Speaker:power to these smaller creators.
Speaker:Um, and to your point, like gone are the days where you really needed to
Speaker:have this top podcast with thousands, hundreds of thousands of accounts.
Speaker:Same thing on the social side for the influencers, um, to be a
Speaker:really valuable asset to a brand.
Speaker:And now you can really work, diversify that budget across a much
Speaker:smaller creators and, um, just get a much better bang for your buck.
Speaker:That's so true.
Speaker:I think it's, um, and, and also it flips what I'm hearing, which I
Speaker:think is delightfully refreshing, is, is it flips the script, right?
Speaker:So, um, I I, I'm a, you know, a small e-comm business, for example, I don't
Speaker:have to, I don't have to worry if I haven't got 20,000 followers on my
Speaker:brand's Instagram account, right?
Speaker:Yeah.
Speaker:I, I, I just, I can do more with a hundred well-intentioned followers
Speaker:than I can do with 20,000 people that could care less about my brand, right?
Speaker:That never really engage with it.
Speaker:And so I think it, it, it feels like it works both ways.
Speaker:It's like, as I use influencer marketing, I don't necessarily need to
Speaker:be concerned about the numbers per se.
Speaker:There are things I do need to care about, which we'll get into.
Speaker:Yeah.
Speaker:also when I'm building my own Insta, my own social media channels, my
Speaker:own podcast, my YouTube channel, my own Instagram, whatever it is, um,
Speaker:I think we're slowly becoming less and less concerned about the numbers.
Speaker:And there are other, as in the follow account, there are things which, which
Speaker:are a lot more interesting to us.
Speaker:Um, which I, I think takes the pressure off, uh, in, in, in many ways for people.
Speaker:Um, I read a stat here which said almost half of all consumers.
Speaker:So when it says almost half, it said 49%, which I'm gonna say is actually
Speaker:half, um, half of all consumers make a purchase at least once a
Speaker:month because of influencer posts.
Speaker:Absolutely.
Speaker:Yeah,
Speaker:I mean, that's a, it's an incredible stat.
Speaker:I.
Speaker:It is, it is, um, it is remarkable and it, it shows the power, right?
Speaker:It's like, and the real reality behind it, and this is something influencers have
Speaker:kind of, a lot of people have perceived them as this weird negative connotation,
Speaker:like this sellout, like who's just, are all sparkles and glitter, right?
Speaker:Um, but the essence of influencers is really word of mouth marketing, right?
Speaker:It's.
Speaker:Yeah.
Speaker:A trusted referral from someone who you some affinity towards
Speaker:or trust their opinion, right?
Speaker:Um, and like that is the oldest and mo best marketing tactic in
Speaker:the history of the world, right?
Speaker:Yeah.
Speaker:you trust your friends more than ads more than anything else.
Speaker:And what's happened is we've this, in this digital era of social media, you become
Speaker:friends with all of these different.
Speaker:People across the world, right?
Speaker:Maybe not a very close acquaintance, but like you trust them in some
Speaker:capacity, especially the smaller kind of people who are more niche, right?
Speaker:Who like you're really, we like to honestly shift the term of
Speaker:influencers to passion promoters.
Speaker:Like if you're passionate about something, you're passionate
Speaker:about woodworking, right?
Speaker:You're gonna be following accounts that are like master woodworkers.
Speaker:Maybe they're not professional woodworkers who own this like multinational
Speaker:woodworking corporation, right?
Speaker:But.
Speaker:They're in their shop, they're making really great things, and
Speaker:they're teaching you how to do what you want to do best, right?
Speaker:And so you trust them.
Speaker:And so when they're gonna recommend some wood glue or the best kind of jigsaw
Speaker:to actually use, to cut your wood, um, you're gonna probably actually trust them
Speaker:more than that multinational company or that CEO is going to tell you what to do.
Speaker:Yeah, without a doubt.
Speaker:That's, it comes down to why now, like one outta two sales are coming from, uh,
Speaker:from these influencer emotions online.
Speaker:Yeah, it's, it's incredible.
Speaker:It's incredible.
Speaker:Ladies and gentlemen, listen, if you are enjoying this show and why would you not
Speaker:be, then let me invite you to something we are calling e-commerce Cohort.
Speaker:Uh, Cohort is a. Kind of, how would I describe Cohort?
Speaker:It's basically where you get together on a Zoom call with
Speaker:other eCommerce entrepreneurs.
Speaker:We've got one in New Zealand, uh, and Australia.
Speaker:We've got one in the uk.
Speaker:We've got one.
Speaker:So starting in the summer in the States, a new one starting
Speaker:in the summer in the States.
Speaker:Uh, the smallish groups come meet some fellow eCommerce
Speaker:entrepreneurs, shoot the breeze.
Speaker:Talk about eCommerce.
Speaker:It's totally free.
Speaker:And if you'd like to know more about where you can join those groups.
Speaker:Just go to the website ecommerce-podcast.net.
Speaker:That's ecommerce-podcast.net.
Speaker:Now let's talk about the how then will, because I, I get it.
Speaker:I, I, I, I've just written a series of blog posts actually, which is
Speaker:slowly getting released on LinkedIn.
Speaker:A small plug for my LinkedIn can follow me on LinkedIn at my Edmundson anyway, um.
Speaker:I've just read a series of posts on LinkedIn about story, um, and using
Speaker:story to effectively engage people and how actually Google Analytics
Speaker:can't measure this that well, right?
Speaker:It Google Analytics can't tell you if somebody smiled when
Speaker:they were on your webpage.
Speaker:One of the things that came out in that research, which I thought was
Speaker:fascinating, was about 60 to 70% of.
Speaker:Um, your direct traffic is probably coming from referrals, but no one
Speaker:knows how to capture that, whether that's they've seen a influencer
Speaker:post somewhere, or whether that's a friend telling them or whatever it is.
Speaker:I mean, it's again, stupid high amounts of data, which we just
Speaker:can't measure, and we just.
Speaker:I think because it's not a metric we see on Google Analytics, it's one of those
Speaker:things that just sort of goes down the bottom of the list, isn't it really?
Speaker:Yeah,
Speaker:Um, so the big question then is how, how do I get started?
Speaker:How do I do this?
Speaker:How do I, how do I do this?
Speaker:Well,
Speaker:great question.
Speaker:So little backstory on myself.
Speaker:Very brief.
Speaker:I was actually an eCommerce seller since 2008.
Speaker:Little after you in 2002.
Speaker:But, um,
Speaker:I.
Speaker:to actually also make some do woodworking.
Speaker:I sold cutting boards, handmade cutting boards,
Speaker:Very popular with YouTubers.
Speaker:Yes.
Speaker:yeah, um, jewelry, toy products, teeth whitening products.
Speaker:So the whole gambit across my own eCommerce websites, Amazon, you name it.
Speaker:how I got into influencer marketing was I was using it and how I ended up starting.
Speaker:The company that I have today, which is Stack Influence, that helps
Speaker:brands, um, actually connect and scale micro influencers, um, across
Speaker:the eCommerce e ecosystem, was I was using these tactics myself.
Speaker:And so to answer your question of how.
Speaker:Um, how do you start?
Speaker:Right?
Speaker:Um, so how we started when we were first kind of getting our feet
Speaker:wet was we did the whole gambit.
Speaker:And when I also talked about putting all your eggs in one basket, don't, and like
Speaker:celebrity influencers can be hit or miss sometimes they can work fantastic, right?
Speaker:Like you find the right creator who's really like right in your niche and,
Speaker:um, you pay them $10,000, right?
Speaker:Sometimes it can be a fantastic ROI, it just can be a risk.
Speaker:And so.
Speaker:We use the full spectrum of different types of influencers and went out
Speaker:after the celebrities by finding maybe someone on YouTube or Instagram
Speaker:and DMing them or finding their agent, getting in touch with them.
Speaker:Right.
Speaker:Um, wasn't too complex usually to, if you're trying to pay
Speaker:someone thousands of dollars to, uh, get them to take your money.
Speaker:Right.
Speaker:Um, but what we ended up starting to realize was as this social media platform
Speaker:shift happened and content became kind of more of the forefront strategy and
Speaker:us realizing that like, Hey, we just sent a free product to someone who had
Speaker:5,000 followers, and that post drove us more sales than the $10,000 we.
Speaker:to this like person with 5 million followers, right?
Speaker:Um, it was a crazy like, epiphany.
Speaker:And so we were like, how do we get more of these types of people?
Speaker:And the initial strategy is just diving extremely deep into media search, right?
Speaker:So let's say that you are selling a yoga mat and you're trying to,
Speaker:or actually, um, a protein powder.
Speaker:You're trying to find people who are interested in health and wellness, right?
Speaker:Maybe you search.
Speaker:Um, different fitness gyms, right?
Speaker:Like LA Fitness or, um, different 24 Hour Fitness, right?
Speaker:Like, and people who are tagging those.
Speaker:If someone's tagging that on social media, probably interested in fitness,
Speaker:they're probably passionate about it.
Speaker:They might be interested in a protein powder that you're selling, right?
Speaker:And so then really just start.
Speaker:DMing these people trying to get their email addresses outreaching, creating a,
Speaker:some sort of pitch to them of what the value that you're offering is not maybe
Speaker:just a free product, but maybe you're gonna give them a commission of sales.
Speaker:They share an affiliate link.
Speaker:Um, maybe you give them rewards if they actually certain goals
Speaker:with impressions, et cetera.
Speaker:So come up with a pitch.
Speaker:Come up with a brief of kind of.
Speaker:Give them creative control, but you wanna push them in the right direction, right?
Speaker:You wanna make sure that that content is aligned with your
Speaker:brand and your aesthetic.
Speaker:give them a deadline and, and try to get them to do the promotion.
Speaker:Takes a decent amount of work.
Speaker:And it took us a lot of work in the beginning.
Speaker:And part of the reason why Stack Influence our company even started was
Speaker:because we started building out internal tools, um, to optimize this process.
Speaker:The biggest challenge we faced was.
Speaker:we were deciding to scale and we wanted to do like hundreds or thousands of
Speaker:promotions for certain products and new launches, it became very difficult to
Speaker:find enough people in a short timeframe.
Speaker:Like I wanna, how do you find a thousand people to do promotions in a month?
Speaker:Right?
Speaker:I. for the most part.
Speaker:But like we started to build out automation tools in-house, like a lot
Speaker:of things like scraping AP or tapping into APIs on social media to kind of do
Speaker:those searches to find the right people.
Speaker:Auto email campaigns.
Speaker:Putting people into follow up sequence, like sequences to actually reengage with
Speaker:them, remind them of certain tactics.
Speaker:and that really became the foundation of stack influence,
Speaker:Right.
Speaker:and why we started as a company in general, but very accessible for
Speaker:any brand to get their feet wet.
Speaker:And some people, when you're an e-commerce brand, especially if you're
Speaker:just starting out, um, you think it's inaccessible, but like absolutely you can
Speaker:find 10, 20 people who are willing to.
Speaker:Um, if not, do something for just a free product exchange, at
Speaker:least do something for affiliate commissions or a small monetary fee.
Speaker:Maybe it'd be a hundred bucks per post.
Speaker:Right.
Speaker:Um, and test the market.
Speaker:And that's a really important thing to get started, is like not every
Speaker:product is promoted in the same way.
Speaker:Um, and you need to kind of, different influencers do different
Speaker:creative things, so you wanna.
Speaker:create this initial brief of what you think might work.
Speaker:Um, put it out there, start getting feedback, start seeing what types of
Speaker:influencers content they're creating.
Speaker:Take those results and take those learnings and then apply that to
Speaker:kind of your next batch, right?
Speaker:And, and refine that strategy.
Speaker:Like honestly any other marketing initiative.
Speaker:But it is key.
Speaker:'cause social media changes so rapidly, you to kind of
Speaker:consistently be evolving, but.
Speaker:That's basically my recommendation for do it yourself system.
Speaker:And if you're trying, if you have the budget and want to use a platform like
Speaker:tapping in, there's a lot of different influencer tools out there, whether
Speaker:it's a database that you could tap into that's preexisting and tools
Speaker:to out do cold outreach yourself.
Speaker:Whether it's a system like Stack Influence that automates everything for
Speaker:you if you don't have the bandwidth to.
Speaker:Be manually outreaching to every, all these people.
Speaker:Um, and now even the social platforms have some portals to find people
Speaker:Yeah.
Speaker:interested in doing it.
Speaker:Like Amazon, if you're an Amazon seller, has their own Amazon kind of influencer
Speaker:portal, can find good people there.
Speaker:TikTok has kind of a little influencer platform.
Speaker:Um, so another great way is to kind of utilize a system to filter and
Speaker:find some good people for your brand.
Speaker:Yeah.
Speaker:That's great.
Speaker:Thank you.
Speaker:I, I'm intrigued.
Speaker:Uh, um.
Speaker:As I think through my, sort of my own journey with influencer
Speaker:marketing, so having been approached a lot, so I get approached by
Speaker:people to sponsor the podcast.
Speaker:'cause obviously the podcast has influence.
Speaker:Um,
Speaker:Absolutely.
Speaker:uh, I get approached, I remember how it, I. For me how it started.
Speaker:I got approached by a bike company.
Speaker:Um, I bought an electric bike, um, from a company called Ampler.
Speaker:They were a small brand in Estonia.
Speaker:I bought it off Kickstarter, um, years ago.
Speaker:And I, I, when I got the bike, I just said to the guy that was in our office,
Speaker:he, the, the, one of the designers, I just pick up a camera, let's just shoot
Speaker:a YouTube video on opening this bite.
Speaker:'cause no one knew anything about them.
Speaker:So I thought it'd be interesting.
Speaker:I'll throw it on YouTube and see what happens.
Speaker:Um, and I, I, I threw this thing on YouTube and it was interesting
Speaker:'cause no one else had done a video about this particular brand of bike.
Speaker:So it became number one.
Speaker:And then I did another video and that became number two.
Speaker:And it started to get thousands of views and I. It didn't take long for
Speaker:that company to go, well, actually a lot of people are watching these videos
Speaker:and they're making a buying decision based on what you've said in the video.
Speaker:So when they did the next model ranges, they're like, can you
Speaker:do some more videos for us?
Speaker:We'll send you the bikes.
Speaker:I'm like, sure, man.
Speaker:See, it was, it was just flattering to be asked if I was honest with you.
Speaker:Um, and so it, it became this really interesting sort of
Speaker:symbiotic relationship in many ways.
Speaker:But then I, I also think about some of the companies that we have, um, with
Speaker:Econ brands, and I guess I'm thinking about some of the people that I've
Speaker:connected with, whether it's through Cohort, whether it's through coaching.
Speaker:It's not all I. It's not all sunshine and rainbows with influencer marketing
Speaker:and, uh, the, the to listen to you talk is you go worse is a no brainer.
Speaker:And it sounds all very simple.
Speaker:Let's get started and see what happens, but where does it go wrong and how can
Speaker:we mitigate for those circumstances?
Speaker:Absolutely great questions.
Speaker:So first off, not every product works for influencers, right?
Speaker:Um, as a simple example, like athlete's foot cream.
Speaker:Sells millions of dollars every year, right?
Speaker:Yeah.
Speaker:wanna go on social media and talk about foot fungus?
Speaker:Probably a few of them would be okay with doing that.
Speaker:But like, and if you're gonna pay someone tens of thousands of dollars, but.
Speaker:It's gonna be very hard to get a lot of people interested in
Speaker:Mm-hmm.
Speaker:And so there's certain sensitivity to what people are willing to actually
Speaker:promote to their family and friends.
Speaker:An electric bike, right?
Speaker:Like, fantastic, gimme that bike.
Speaker:I'll create some content for you.
Speaker:Absolutely.
Speaker:Worth, worth my while.
Speaker:Um, but other content, like especially in the product seeding world, like
Speaker:where I'm just sending something free, maybe it's just not enough of a value.
Speaker:Like you're like, this is a $5 product.
Speaker:Why am I going to.
Speaker:Do all of this effort to create a nice video, et cetera, um,
Speaker:for your small product that is not giving me much value, right?
Speaker:And you want to compensate people for their time, it has to be worth it.
Speaker:So that's one thing to think about is like the product that you're selling needs to
Speaker:be the right fit for the right people.
Speaker:And that
Speaker:Yeah.
Speaker:of backfire because you're just gonna spend a huge amount of effort
Speaker:outreaching to people, and no one's going to kind of pick up on your, um.
Speaker:or really just don't do a very good job at promoting it because it's
Speaker:just not that much value for them.
Speaker:The second thing I would say that is difficult is, um, again, crafting, giving
Speaker:people creative control, but giving them direction and in and good direction
Speaker:to what you expect as quality content.
Speaker:Right.
Speaker:And that can be very subjective 'cause.
Speaker:In my days of selling products, like sometimes we had some like, kind of not
Speaker:totally blurry, but like iPhone video that wasn't super high quality, um,
Speaker:that ended up converting on the ads.
Speaker:We ran with
Speaker:Yep.
Speaker:times better than like the perfectly curated like Sony film,
Speaker:like beautiful camera, right?
Speaker:Um, and so it's sometimes hard to tell what's gonna work and what's
Speaker:not, but at the same time, that's why it's really important to.
Speaker:Um, do those tests.
Speaker:Now, if you're doing the product seeding strategy, you're sending a bunch of
Speaker:free products and you're doing it at scale, there is going to be content
Speaker:you're going to get back, and this is an expectation that you should
Speaker:understand that is not very good.
Speaker:Right?
Speaker:Like that you would never
Speaker:I am laughing because I've seen said content.
Speaker:Uh, yes.
Speaker:Many times.
Speaker:And you're gonna like hit yourself on the head and be like, what
Speaker:was this person even thinking?
Speaker:Right.
Speaker:I don't like we usually, it's like there's pato distribution to everything, right?
Speaker:So like you're gonna see 20% of the content outta the 2080 principle is
Speaker:like going to be absolutely fantastic.
Speaker:Like something you should have paid someone if you gave 'em a free product,
Speaker:like thousands of dollars to create like,
Speaker:Hmm.
Speaker:You wouldn't have even been able to find that person is like so creative.
Speaker:Unbelievable.
Speaker:It converts really well, it's fantastic.
Speaker:Um, another 20% is probably going to be mediocre, like not, not very good.
Speaker:And then the, the rest of the bulk of the 60% is gonna be average.
Speaker:And that's kind of, that is at least in the micro nano world, like a lot
Speaker:of these people aren't professionals.
Speaker:They don't do this for a career, right.
Speaker:Um, they're doing, and this is on the product seating side of things, right?
Speaker:Um, so content is something that you have to kind of settle your expectations with.
Speaker:But the reality is, is going back to like that really not that great content
Speaker:that we thought wasn't that great.
Speaker:'cause like aesthetically and visually, it like wasn't like super popping.
Speaker:It still converted really well.
Speaker:And that's the surprising thing.
Speaker:And you'll see this on social media.
Speaker:Like you'll see these videos that like.
Speaker:Are shaky and like, but like they're kind of exciting.
Speaker:Um, but it was like filmed by someone like with like a flip phone and you're like,
Speaker:and it has like millions of views, you
Speaker:Yeah.
Speaker:And so is where that diversification of risk, like spreading out a lot
Speaker:of different promotions, trying a lot of things, is the goal
Speaker:Mm-hmm.
Speaker:upset, um, with.
Speaker:Like, oh, you got some bad stuff.
Speaker:Like, this is all influencers are horrible, right?
Speaker:Like you gotta, you gotta let it test out and maybe run some ads with it.
Speaker:Like, really Like see, time to actually implement and see results.
Speaker:Now as a last follow up thing to that, sometimes influencer promotions
Speaker:right off the bat don't work, but in a longer term, like one, one
Speaker:promotion off, like a singular one didn't drive any sales, right?
Speaker:I. But then to your point, like that person sometimes maybe is like
Speaker:amazing advocate to their friend.
Speaker:They're actually using the product that starts driving
Speaker:sales somewhat harder to track.
Speaker:But a real reality that we started to see was like, as we started to seed out
Speaker:products, we'd get these initial results that we'd track from the influencer
Speaker:promotions itself, but then all of a sudden we'd start to incrementally
Speaker:see like our overall sales just.
Speaker:Jacking up without us doing anything and like shifting
Speaker:any of our other advertising, other marketing budgets, right?
Speaker:And there were these massive halo effects that came from just
Speaker:Yeah.
Speaker:product into the hands of people.
Speaker:Um, I mean, some people literally do a product seeding strategy where
Speaker:you just ship products out to people without asking anything in return, and
Speaker:there's value to that alone, right?
Speaker:So that's something to actually really understand and to also understand that.
Speaker:Maybe the first promotion, that first piece of content that someone
Speaker:created didn't work out totally well, maybe it was timing, maybe it
Speaker:was the style that they produced.
Speaker:There's a variety of factors that can go into it.
Speaker:Um, but giving them an affiliate join, having them join like an affiliate
Speaker:commission program, excuse me, where they're getting 10% to keep promoting.
Speaker:Maybe they promote two, three other times and this has happened to us.
Speaker:And then like they became our best kind of sales.
Speaker:Influencer, like they were driving a crazy amount of sales when their first
Speaker:one, like didn't do anything for us.
Speaker:Um, and so it's kind of like, don't give up and, but that is things
Speaker:that can actually happen that are on the negative side to your point.
Speaker:Like, it's like you're gonna get promotions that don't
Speaker:drive anything for you.
Speaker:And content that like you think really sucks.
Speaker:And it's like.
Speaker:Take it with a grain of salt in
Speaker:Mm-hmm.
Speaker:gives people second chances and try to create longer term relationships with
Speaker:people and utilize content in different ways and test it out because sometimes
Speaker:your perceptions aren't always what the actual mass consumer market feels.
Speaker:That's super practical.
Speaker:I love that.
Speaker:I guess I, and, and, and listening to you talk, I'm, I'm forming the strategy
Speaker:in my head, which says, right, what I should do is, um, product seed.
Speaker:So, you know, it's easy enough to send, for example, our supplement business
Speaker:that you, you can send product out.
Speaker:That's not a problem.
Speaker:You know, go, go try that product.
Speaker:I. Actually don't just do that.
Speaker:Actually form a relationship with them, which says, actually,
Speaker:here's some free product, plus, here's a, an affiliate thing.
Speaker:These are some of our content guidelines.
Speaker:Have at it, knock yourself out.
Speaker:We just wanna be able to use 'em as ads, right?
Speaker:I wanna retain some kind of creative control over these.
Speaker:Not control, but I wanna be able to use this content, right?
Speaker:exactly.
Speaker:and so.
Speaker:That, that feels very sensible to me because the cost of the product in
Speaker:some respects and sending it out to them is an expense, but it's not huge.
Speaker:Um, and actually you've given free product, whether they decide to
Speaker:do something with it or not is, is I guess, entirely up to them.
Speaker:And you want them to be motivated.
Speaker:And the ones which go, well, the first one bomb, let's try it again.
Speaker:And it, it kind of, you know, that one hit home and they're
Speaker:killing it on the commission.
Speaker:We had one lady who, um.
Speaker:With our beauty business.
Speaker:She wrote a blog, a single blog post, um, which was sent, we made at least
Speaker:60 grand a month in sales off that one blog post that I could track.
Speaker:Um, and so we reached out to her and said, listen, do you wanna
Speaker:set up this, uh, affiliate thing?
Speaker:Man, your blog post is killing it and you may wanna write some more blog posts.
Speaker:She goes, no, no.
Speaker:I just really like the product.
Speaker:Really like you guys just gonna leave it alone.
Speaker:She could have made six grand a month.
Speaker:She was just like, yeah, no.
Speaker:I was like, I love you lady.
Speaker:Love you can just, it is awesome.
Speaker:And I think, um, I like the idea of the long-term relationship.
Speaker:I guess one question that comes to mind Will, as I listen to you talk,
Speaker:is should I start, I've got 150,000 customers on my database, um, for,
Speaker:uh, or whatever the numbers are.
Speaker:Should I email that 150,000 people and say, Hey, we're starting
Speaker:this new affiliate scheme.
Speaker:Would anybody be interested in joining, um, or influencer the
Speaker:scheme, or whatever we wanna call it?
Speaker:Is that a good place to start or is it better to actually start with, say,
Speaker:a platform like yours where you are sort of one stage removed from people?
Speaker:Honestly, I think outreaching to your customer list is a fantastic way to start.
Speaker:Um, you don't know.
Speaker:who those customers are, what their follower bases are, what their engagement
Speaker:levels, what their creativity levels are.
Speaker:Um, they also already have your product,
Speaker:Yeah.
Speaker:product is.
Speaker:If it's a consumable, they've already eaten it.
Speaker:Right?
Speaker:Um, then maybe it's gone.
Speaker:But if you have a product that even a beauty product that's consumable,
Speaker:like, or can be used over time, maybe they still have it, right?
Speaker:And so now you don't have to actually send out.
Speaker:A new product as an extra expense.
Speaker:Um, and there's some kind of guarantees of, this is one issue with product seeding
Speaker:is, and you kind of briefly brought this up, you shive a whole bunch of products
Speaker:to people with expectations of them ideally doing something in return for
Speaker:it, and then a decent portion of them, platforms and agencies who do this, like
Speaker:say like 30 to 50%, you send products out, you don't get anything in return.
Speaker:Right.
Speaker:Um.
Speaker:So by reaching out to your customer base that mitigates that, right?
Speaker:They already have the product.
Speaker:There's no loss.
Speaker:If they don't create a post, there's, you didn't lose any inventory.
Speaker:Mm-hmm.
Speaker:Um, we actually at Stack Influence have created a similar
Speaker:model to a customer base model.
Speaker:We actually before, in order for an influencer to receive a
Speaker:product through Stack Influence.
Speaker:They actually have to become a real consumer of the brand first
Speaker:Right.
Speaker:they can collaborate.
Speaker:We get them to go buy the product with their own money.
Speaker:And then we have a cashback system where it's like, Hey, you did the social post.
Speaker:We'll give you your money back.
Speaker:We'll give you maybe some cash rewards.
Speaker:We'll give you some affiliate commissions after the fact.
Speaker:Um, so you kind of get monetarily rewarded after you do the thing.
Speaker:But if they end up not promoting for us, hey, they just.
Speaker:I made a free sale.
Speaker:They just became a real customer.
Speaker:Yeah.
Speaker:the product anyway.
Speaker:Yeah.
Speaker:harm with how.
Speaker:Um, but it's a, it's a great way because you're, at the end of the
Speaker:day, also the best promotions are real auth, like authenticity is
Speaker:key and your customers are actual authentic promoters of your product.
Speaker:They, they spent their hard earned money to buy your product, like they are a true
Speaker:representation of who should be a great advocate for you as long as they liked it.
Speaker:Yeah.
Speaker:Um, so it's a great way to do it.
Speaker:I absolutely just, especially to get your feet wet.
Speaker:Um, not only on a cost saving way, but also honestly on a promotional way.
Speaker:We've, we've had a fantastic, there's actually now, I believe a Shopify,
Speaker:um, plugin that will do that.
Speaker:It'll identify if you have Shopify, um, identifies your customers who
Speaker:potentially could be creators and you can tap into that, um, yourself.
Speaker:So, um, absolutely
Speaker:That's interesting.
Speaker:Yeah.
Speaker:Yeah.
Speaker:I. It makes lot.
Speaker:And I guess you can segment your customer data and you can go, well, these
Speaker:guys have ordered two or three times.
Speaker:So actually they like us a lot.
Speaker:So, um, and it's, I think it's easy to say to a customer, listen,
Speaker:this is what we're starting.
Speaker:If you put out some post tags in there, and then we will
Speaker:send you this as a result.
Speaker:Right?
Speaker:And it's, there's that mutual element of trust that it's gonna happen, but you're
Speaker:not really sending out product until it does, but, and you're sending out product
Speaker:to your best customers anyway, and they probably deserve it, so why would you not?
Speaker:Right?
Speaker:So,
Speaker:Hundred
Speaker:um.
Speaker:What sort of, um, I, I appreciate this is how long's a piece of string, but
Speaker:what sort of percentage of my marketing budget should I be thinking about here?
Speaker:What sort of, is there a minimum sort of amount of money I should be thinking about
Speaker:spending or is, is that too simplistic?
Speaker:I.
Speaker:No.
Speaker:Um,
Speaker:it depends on kind of what your growth strategy is and where your, what phase of.
Speaker:Growth you are in with your e-commerce business, right?
Speaker:When you're first starting out, new product launches, getting the word out.
Speaker:It's like, in my opinion, one of the best times to do influencer marketing.
Speaker:Um, because you're, you're killing multiple birds.
Speaker:One stone, you're getting your product into the hands of
Speaker:people when you first launch.
Speaker:That's giving you just also product feedback.
Speaker:It's product research, right?
Speaker:Like, um, so that's insanely valuable.
Speaker:Someone's gonna tell you right off the bat, Hey, your product sucks.
Speaker:I'm not promoting this to my audience, and you can be like, what's wrong with it?
Speaker:Right?
Speaker:And then you can reiterate.
Speaker:And so it's a great way to just get your product in the hands
Speaker:of people to give you feedback.
Speaker:second, just some initial awareness, right?
Speaker:Like, um, people talking about it, some initial sales.
Speaker:It's like the hardest thing when you're first starting off.
Speaker:Third is influencers can dramatically actually help
Speaker:with SEO, especially in 2025.
Speaker:Um, AI agents as Google's investing more as perplexity and open ai, um, chat,
Speaker:GPT people are using it for search.
Speaker:They're feeding in social posts, so the post captions and the feeds,
Speaker:and it's gonna be coming even more powerful as the years go on.
Speaker:Yeah.
Speaker:it's.
Speaker:really helps boost up your SEO,
Speaker:Yeah.
Speaker:and if you're doing like blog post influencer promotions, which is kind
Speaker:of actually how a lot of the online influencer stuff started, um, but it's
Speaker:just becoming more and more impactful now.
Speaker:Fourth is you're building up a initial network of advocates that
Speaker:can consistently promote your product for those commissions.
Speaker:In the long run, the quicker and the longer you build that up, the
Speaker:larger you build it up, the better and more successful you're gonna be.
Speaker:finally, is the content that you produce, right?
Speaker:Like when you first start off I, when I did a photo shoot, et cetera, but
Speaker:getting actually what the industry calls user generated content or
Speaker:UGC, um, it converts better on ads.
Speaker:People wanna see, they call social proof on a website, like real customers
Speaker:using the product, actual feedback.
Speaker:So building up, doing influencers, like it's, it's a brand
Speaker:building exercise as well.
Speaker:And so getting a whole bunch of content of real people using it.
Speaker:Using that for social media, using that for online ads, using
Speaker:that to strengthen your website.
Speaker:All really, really valuable.
Speaker:Right?
Speaker:Um, and more impactful when you first launch.
Speaker:'cause that's kind of the hardest thing to get, whether you're selling on your
Speaker:website, whether you're selling on Amazon, like getting visibility or Walmart.
Speaker:Um, it's hard to kind of kickstart and get a punch and influencer fantastic for that.
Speaker:Now I would like.
Speaker:If I had $10,000 to spend, let's say, on a marketing budget, which some
Speaker:people don't even have that amount of money when you're first starting,
Speaker:but nowadays things are competitive.
Speaker:So you gotta have something to spend.
Speaker:Yeah.
Speaker:I'd at least spend 50% of that on influencers to start off.
Speaker:Now, as you scale up, you're going to, um, figure out what channels work for
Speaker:you, whether it's social ad channels, search channels, marketplace advertising.
Speaker:If you're on Amazon.
Speaker:Um, you're gonna wanna obviously do cac, LTV ratio analysis of like figuring
Speaker:out exactly how, what channels are bringing you the best bang for your buck.
Speaker:But I think influencers always should be part of the strategy.
Speaker:I'm a bit biased here, but being an eCommerce seller myself, um, we always
Speaker:spend at least 30% of our budget on influencers and sometimes up to 75%.
Speaker:Yeah.
Speaker:at certain times, just because of the power and the multi multitude
Speaker:of value it actually provided us.
Speaker:Um, Unilever just came out this year an announcement that they're in moving
Speaker:50% of their entire advertising and marketing budget to influencers.
Speaker:So one of the largest CPG companies in the world, um, is announcing that play.
Speaker:So obviously something's working in, in the ecosystem.
Speaker:Yeah, I Do you know Jay from Bold Commerce?
Speaker:Have you come across Jay Smears from Bold Commerce?
Speaker:Yeah, I believe so.
Speaker:Jay's a really interesting guy.
Speaker:I really like Jay.
Speaker:I had, um, breakfast with him last year at Subs Summit.
Speaker:Um, I'm not sure when this podcast is coming out, but if it's coming
Speaker:out before subs, Sumit and you're gonna be there, let me know.
Speaker:'cause I'd quite frankly like to meet you.
Speaker:Um, but, uh, I, I, subs, Sumit, and I, and we were chatting away with Jay
Speaker:and I said, Jay, listen, if you were gonna start, I love this question.
Speaker:I said, if you were gonna start a beauty brand today, how would you do it?
Speaker:And he looked at me and he said, I'd make it a members only site and I'd
Speaker:do nothing but influence marketing.
Speaker:It was that.
Speaker:It was, it was, it was.
Speaker:And that conversation lasted two hours, by the way.
Speaker:But it was just a really great, um,
Speaker:approach that he had that actually, no, I'll just do influence
Speaker:marketing, forget everything else.
Speaker:Do influence marketing.
Speaker:Make it a member's only site.
Speaker:What's wrong with you?
Speaker:Why, why are we having this conversation?
Speaker:It's, is this really interesting?
Speaker:And so I, I I, I can see why it's fast becoming, especially because
Speaker:Facebook's be a, you know, the.
Speaker:I was having a conversation with someone today, Matt.
Speaker:My, um, acquisition costs have doubled in the last month on Facebook.
Speaker:Nothing else has changed what's going on and.
Speaker:Google AdWords is becoming more and more problematic in many ways.
Speaker:And, um, TikTok Shop is great if you're a certain type of product and you can
Speaker:discount it and you can get on it, but it's, it's not as straightforward
Speaker:as maybe we would like it to be.
Speaker:But at the same time, influencer marketing, it is not really, like you
Speaker:say, it's not going anywhere because it's been around what, for thousands of years.
Speaker:We, you know, people tell stories to each other, don't they?
Speaker:So, um, get on it.
Speaker:Get on it.
Speaker:Well, listen,
Speaker:You don't
Speaker:we've.
Speaker:any budget to do it is the last thing, right?
Speaker:Like if
Speaker:Yeah.
Speaker:you can ship free product out.
Speaker:You have to put in some legwork to do that.
Speaker:But like going back to the budget side, like yes, to scale you need some money,
Speaker:Mm-hmm.
Speaker:like if you're just starting out and you want to put in some manual effort,
Speaker:like you better have product when you're first selling the product, start
Speaker:shipping some free product out and
Speaker:Yeah.
Speaker:Yeah.
Speaker:can literally start getting sales promotions, brand
Speaker:building with zero marketing,
Speaker:Yeah.
Speaker:zero money in the bank.
Speaker:So.
Speaker:So true, so true.
Speaker:Um.
Speaker:Question for me, will I, I, this is where I, ladies and gentlemen, if you're new to
Speaker:the show, I ask my guest for a question.
Speaker:Uh, they give me that question.
Speaker:I will answer that question over on LinkedIn.
Speaker:Now, if you've been following me a little while, you'll go, Matt, there
Speaker:are a few questions you've not actually answered on LinkedIn now, and I'll put
Speaker:my hand up and say, yes, I've been a little bit slack on remiss on this, but
Speaker:alas, the strategy and mechanism is now in place for me to do this on a regular
Speaker:basis, which is a wonderful thing.
Speaker:Um, so Will, what's your question for me?
Speaker:Well, great question to me.
Speaker:Um, inspired you to become an eCommerce Podcast influencer yourself?
Speaker:Oh, an eCommerce Podcast influencer.
Speaker:I love that.
Speaker:EPI.
Speaker:Why are you an EPI Matthew?
Speaker:Uh, that's a great question If you wanna know my answer to that question.
Speaker:Yeah, if you wanna, yes, absolutely.
Speaker:If you wanna know my answer that question, come follow me
Speaker:on LinkedIn at Matt Edmundson.
Speaker:Well, listen, I great conversation, man.
Speaker:Um, how do people reach you?
Speaker:How do they connect with you if they wanna do that?
Speaker:Absolutely.
Speaker:Um, feel free to reach out directly to me.
Speaker:My email is william@stackinfluence.com.
Speaker:Happy to give advice overall if you're just getting started
Speaker:or wanna start scaling up.
Speaker:Influencer marketing.
Speaker:And if you're interested in a platform that helps you automate, and also
Speaker:with that scaling of the micro influencers and product seating,
Speaker:um, check out stackinfluence.com.
Speaker:That's my company.
Speaker:Um, you can go to the website, you can quickly sign up right
Speaker:at the top right corner.
Speaker:Um, find us on every single social platform at Stack Influence.
Speaker:and yeah, that's basically it.
Speaker:Fantastic.
Speaker:We will of course, link to that information in the show notes,
Speaker:which you can get along for free with all kinds of insights.
Speaker:We, uh, with our newsletter, we started to really, uh, we're
Speaker:just about to launch version.
Speaker:2.0 I suppose.
Speaker:I dunno, it's probably more like version 10.0, but it, we are
Speaker:gonna launch a new version of our newsletter in the coming weeks.
Speaker:We are really putting some effort into this and making, uh, adding some
Speaker:real value to the whole podcast thing.
Speaker:So that is available for free as well at ecommerce-podcast.net.
Speaker:It will contain all of the links to, well as does the website
Speaker:ecommerce-podcast.net, as does the show notes, which, let's be real.
Speaker:You can get the show notes just by scrolling down on your podcast
Speaker:app, so you can do that as well.
Speaker:Uh, well listen, uh, it's been great having you on the show, man, and thank you
Speaker:for reviving my interest in said topic.
Speaker:Uh, I've got lots of notes, which is always a beautiful thing, and I will
Speaker:be talking to our marketing department.
Speaker:Well, not tomorrow 'cause it's good Friday.
Speaker:And so we are, we are, we're off now until Tuesday, which is a wonderful thing.
Speaker:Uh, but next week certainly we'll be talking to them.
Speaker:Um, and that, uh, happy Easter to everybody.
Speaker:By the way, if you are listening to this and I appreciate it's you by the
Speaker:time you listen to this, it, Easter will have gone long gone, but I hope
Speaker:you didn't get too fat and chocolate.
Speaker:Um, but happy Easter.
Speaker:Uh.
Speaker:Let's do the saving the best till last.
Speaker:So if you've made it this far and you've stayed with us, uh, wonderful
Speaker:listeners, then uh, I like to do this thing at the end of the show
Speaker:called Saving the Best Till Last.
Speaker:And this is where I say to my amazing guests, like, will, will the top tip that
Speaker:you know the absolute best of the best of the best of the information that you
Speaker:can give us on this whole topic, uh, of influencer marketing For the listeners
Speaker:that stayed till the end, the faithful.
Speaker:The righteous, the amazing, uh, people that are still here.
Speaker:What, what's, um, what's the two minute top tip you'd love to share?
Speaker:Top tip, um, is influencers are one of the best tactics for
Speaker:e-commerce marketplace growth.
Speaker:and the reason behind it.
Speaker:So think Amazon, Walmart, target, um.
Speaker:All of those marketplaces are search engines, and they're
Speaker:more competitive than ever.
Speaker:More than 3000 people join Amazon every single
Speaker:Mm-hmm.
Speaker:Um, and when, those of you who search on Amazon and buy products on
Speaker:Amazon, the few of you, um, when you search for something, 75% of people
Speaker:don't go past the first page, right?
Speaker:You got, I think it's like 45 listings on the first page, right?
Speaker:With all these sellers on there, and very limited attention to only a few different
Speaker:listings for any given search topic.
Speaker:Um, it's very hard to break through.
Speaker:You could say the noise, right?
Speaker:When you first launch a product you're on maybe page a thousand, right?
Speaker:Maybe more depending on what the topic is.
Speaker:Why influencers are fantastic for this, and this is my best tip, is that.
Speaker:When you first launch on a platform like Amazon, Amazon needs to understand data.
Speaker:They have, they call it the Cold Start problem.
Speaker:Um, they don't know where to place you.
Speaker:It's a risk for them to put you on page one because of your product Sucks.
Speaker:gonna lose out on a huge amount of sales.
Speaker:It's like their shelf space, right?
Speaker:You're just taking up space.
Speaker:But if your product's fantastic and they're not putting you
Speaker:up there, maybe you could be the best selling product ever.
Speaker:And now they're making a huge amount more commission from you.
Speaker:And so the only way for Amazon, Amazon tests you when you first launch.
Speaker:But the testing takes a long time.
Speaker:Now, if you can give Amazon the data it needs to say, Hey,
Speaker:this product is fantastic.
Speaker:Amazon's gonna push you right up.
Speaker:And influencers are a fantastic way to do that.
Speaker:By driving external traffic sales that's trusted and high converting.
Speaker:It basically gives the Amazon algorithm the data it needs to say, Hey, this
Speaker:product deserves to be at the top.
Speaker:And we've seen listings that have implemented this strategy like 13 XRO.
Speaker:I like went from doing a hundred sales a month.
Speaker:To like 1500 sales in like literally a month timeframe.
Speaker:and then they, if they were sticky, if they had a good product, once
Speaker:they maintained, got to that growth standpoint and started
Speaker:actually converting onto organic consumers, those sales didn't stop.
Speaker:So it became this like, Hey, I just activated like a hundred influencers.
Speaker:Drove up a whole bunch of sales, um, didn't do any more influencer marketing.
Speaker:I 13 x by growth, and my sales haven't stopped because now I have
Speaker:the visibility within the marketplace.
Speaker:I broke through, you know what I mean?
Speaker:And I was high converted.
Speaker:So that's my last tidbit.
Speaker:For those of you who are listening, who are selling on an e-commerce
Speaker:marketplace like Amazon or Walmart, or plan to, influencer marketing's
Speaker:a fantastic strategy for it.
Speaker:Fantastic.
Speaker:Well, thank you so much, man.
Speaker:Uh, loved every part of the conversation and, um, if you, like I say, go check
Speaker:out Stack influence, but, um, it's been an absolute pleasure, my friend.
Speaker:Thank you so much.
Speaker:My pleasure.
Speaker:Thanks for having me on, Matt.
Speaker:Well, there you go.
Speaker:Ladies and gentlemen.
Speaker:Thanks to Will again for coming on the show.
Speaker:Oh, I can do this thing Will, where you'll like this.
Speaker:Uh, let me watch it.
Speaker:Oh no, that's the wrong one.
Speaker:Uh, where's, where's it gone?
Speaker:Where's it gone?
Speaker:Oh, it's gone off my system.
Speaker:Oh, no.
Speaker:There it is.
Speaker:There we go.
Speaker:Sorry about, it wasn't even really worth waiting for, was it?
Speaker:I just, my system is all kind of messed up, isn't it, at the moment.
Speaker:But, um, well, thank you for coming on, man.
Speaker:Uh, it's been an absolute tree.
Speaker:It really has.
Speaker:Uh, but that's it from me.
Speaker:That's it from me.
Speaker:Thank you so much for joining us.
Speaker:Have a fantastic week wherever you are in the world.
Speaker:I will see you next time.
Speaker:Bye for now.