Overview of Celebrity Endorsement & Influencer Marketing!
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Brand promotions by renowned celebrities are not news. But the whole mechanism and ideology of it went through a transition when social media came into existence. And the second wave of transition occurred when influencer marketing became the sensation of the digital world.
Celebrity endorsements were at the prime of marketing almost a decade ago. Every brand had a brand ambassador, every film actor or cricketer in India was the face of some of the other brands. In simple terms, every brand was represented and advocated by prominent personalities. While that still happens, its existence is shared by influencer marketing.
Marketing is a complex field. Not because it is difficult to execute but because it has so many branches that it becomes difficult to understand which one works best for which brand. The most common argument in the marketing fraternity is to put influencer marketing vs social media marketing. And joining the team today we have celebrity endorsements vs influencer marketing. Which one’s better than the other? Let’s find out.
What is celebrity endorsement?
Celebrity endorsement is a kind of marketing campaign that maneuvers the fame of celebrities to promote a brand’s product, service, and raise funds of awareness about a cause. The biggest advantage of celebrity endorsement is that it can help a brand attain a huge reach. The customers remember you by the names of their favorite celebrities who endorse your brand.
What is influencer marketing?
Influencer marketing is the marketing campaign that uses social media influencers who are experts of their niche and internet leaders. Their knowledge, experience, and reviews impact the purchasing behavior of their followers. The most important aspect of a successful influencer marketing campaign is to ensure that the niche of your brand is aligning with the niche of the influencers.
Celebrity Endorsement as a marketing strategy!
The evolution and growth of marketing, as well as the digital world, have brought a lot of better alternatives to celebrity alternatives. And if not alternatives, then definitely some traditional marketing strategies have merged with the new media strategies. For example, celebrity endorsements still exist. Both on social media and traditional media. Brands that did celebrity endorsements on hoardings have now shifted to banner ads. Similarly, TVC ads have now shifted to video advertising on social media. The biggest shift and the most evident one is that now storytelling is prioritized a lot.
Advertising and marketing today is all about storytelling. Even pictures depict a story and if not pictures then the captions tell a story. The fact that marketing today is very personalized and highly customer-centric is what has helped brands scale from celebrity endorsements to influencer marketing. Earlier marketing was the only way. But now, once the campaigns are live, there is a whole team of experts waiting and analyzing the performance of the campaign, examining the responses of the audience, and ready to act on it.
Marketing is now a collective mechanism that is fueled by the audience’s preferences and reactions. While celebrity endorsements can give your brand a huge amount of attention, influencer marketing, on the other hand, can add more value to your brand in the long term. Whichever medium you choose, the key is to know to keep your customers at the heart of every decision.
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