Influencer Marketing in Singapore (part 1)
The phenomenon of the rise in digital have influenced the marketing aspect of traditional and new businesses in Singapore. While every business is rushing to grab a share of voice in the online market, tapping on influencer marketing and its reach, let’s take a step back and understand what exactly is influencer marketing and its criticality in Singapore.
Influencer marketing is essentially a form of marketing which leverage on the opinion leaders and their influence to reach out to a larger market via their social media channels such as Instagram and Snapchat. Amongst the various social platforms available in Singapore, Instagram proves to be the future of social media networks. According to Google Trend, Twitter has been overtaken by Instagram, which is now the second most popular social media network in Singapore. Singapore, as a regional leader in mobile internet penetration, further prompts businesses to utilise mobile technology and application to create impactful marketing strategy.
With almost half of the future generation aged 16-24 years old in Singapore displaying trust in what people say online, the benefit of Instagram influencer marketing is amplified. Following the buy-over from Facebook and the constant improvements including the implementation of stories – allowing social sharing and influencer marketing to become more engaging and personal, businesses can be assured that this form of interaction will become much more effective and abled at reaching out to a wider targeted market. It is predicted that future of Instagram is one of great potential and would soon become an upcoming highly sought after influencer marketing platform with high number of quality reach.
Some Important Statistics You Should Know:
- 12% growth in number of active internet users in Asia-Pacific
- 63% of connected consumers using Instagram in Singapore
- 74% of consumers rely on social networks to guide their purchases
- 74% of Singaporeans uses social media regularly
- Almost half (40%) online 16–24 years old in Singapore say they trust what people say online about brands more than ‘official’ sources, such as brands’ own websites, newspapers or TV adverts
- High return-on-investment for Instagram influencer where influencer marketing pays an average of $6.85 for every dollar spent
- Over 1 billion smartphones users in Asia Pacific with 4.2 million users in Singapore
- Singapore has 86% smartphone penetration, the highest across the region
- Twitter has been overtaken by Instagram, which is now the second most popular social media network in Singapore
- Young people are the biggest users of Instagram (85% of 16-24 year olds) but uptake among older generations is picking up (33% of 55-65 year olds)
Why Influencer Marketing?
Brands looking into influencer marketing should take note of the trends in the industry in order to fully strategise their campaign. We have identified 3 prominent trends of influencer marketing:
Trend #1: Emphasis Towards Content Marketing
In 2016, we have seen and experienced both the good and not-so-positive impact influencer marketing can bring to a brand. Some prominent mistakes made by brands include the overuse of influencers, selecting influencers irrelevant to your brand and so on. But one big mistake that should be avoided is the posting of content which is irrelevant to the audience.
Coming 2017, the emphasis on quality content will be largely noticeable. Content posted by Singapore influencers not only have to be engaging and interactive, it also have to be new, natural, suited to the influencer and brand, shareable and encompasses a call-to-action to be able to reach out to a wide network of your target and produce positive results. Consequentially, brands which invest greatly in creating quality content will have an edge over the rest.
Trend #2: People-Centric Influencer Marketing
Most brands and marketers are focused on tapping on the hype of influencer marketing without considering the rationale behind those marketing efforts. In the upcoming year, it is crucial for brands to become more people-centric and focus on the audience when implementing each campaign.
Influencer marketing in 2017 will need to provide consumers with what they desire and explain how purchasing your product or service will add value to their life. With many marketers executing their marketing campaigns without much thought regarding their audience, being the first few to resonate with the audience will bring your brand ahead.
Trend #3: Singaporeans Becoming Risk-Adverse
Being risk-adverse, Singapore consumers are increasingly relying on influencers and word-of-mouth to decide on their purchases. This should be seen as an opportunity to leverage on the available influencers to bring about more sales through the online platform. To be able to leverage on influencer marketing to provide a form of reassurance for the consumers would definitely bring about positive impact on your brand’s ROI.
Influencer marketing would hence be a great platform to reach out to the Singapore market, especially the young Singaporeans who constantly look online for reviews. These characteristics of the community is what make influencer marketing extremely effective in Singapore.
Continue to next article.
This article was adapted from and first published on www.starngage.com.