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When you start working with influencers, it can be tempting to keep it very informal, but the truth is, contracts and information help you avoid problems. This is good advice whether you’re working with influencers, service providers, or consultants. Contracts and clear information make all the difference.

Here are four things you should never neglect providing an influencer:

Contract or Agreement

Once you have hashed out all the responsibilities of each party to the contract, make sure to put it in writing. Don’t be scared of contracts. List each person’s information and list the responsibilities for each party to the agreement along with timelines, due dates, and any pertinent info needed to fulfill the contract accurately. Plus, describe exactly what you’ll want to do if there is a dispute to prevent any unforeseen problems.

Contracts need a starting and ending date, names of all parties involved, payment amounts and due dates, penalties, or changes if breaches, missed deadlines, or disagreements.

Clear Expectations

Before you even approach the influencer to work with you, develop your expectations to be clear to yourself. That way, it’ll be easier to communicate what you are expecting from them. Always ask them if they understand what you are saying and listen to them.

If you have formal meetings, record the information you gather at the meetings, and then agree to what has been recorded, it’s easier to make sure everyone is on the same page regarding expectations.

Compensation

Be very clear about how you’re going to compensate your influencers. Do what you say you will when you say you will. Don’t necessarily try to go for the cheapest deal when it comes to influencers. Instead, go for the best return on investment.

One way to ensure that you’ll receive a good ROI is to compensate influencers in multiple ways, from product sales, free products to a flat fee to commission as an affiliate.

Content and Other Supporting Materials

Once you’ve settled the contract and everyone is clear about what is expected, make sure you deliver the content and supporting material as soon as possible. Then, if you meet your deadlines, you will ensure that they meet theirs too.

Furnish your audience persona and other information you want to be provided to your audience through the influencer so that they can design the promotion based on the research you’ve already done.

Start with the Right Influencer and Target Audience

Influencer marketing is an effective way to get the word out about your products, services, and offers. But you must plan beforehand and do your due diligence to ensure that the people you work with are up for the task.

Any product or service can benefit from influencer marketing. However, some certain niches or genres perform better and see far more success than others. This is likely because the content is easily shareable, visual, consumable, and in high demand.

The following are the most popular industries for influencer marketing:

Beauty and Fashion

This is probably the most obvious niche within influencer marketing as it makes up the bulk of it. Products and services within this niche are built on their ability to make bold, beautiful, and colorful works of art. They are highly shareable and consumable, making them a powerful product to influence. The Instagram platform is a visual social media that is one of the most used for this niche as the niche creates amazing visuals.

Gaming

Another niche that probably won’t come to you as a surprise. This industry is worth over 130 billion dollars. Those who love gaming thrive for information to learn how to complete their game or compete at the highest level against their rivals. Sharing reviews on the most anticipated game of the year or console or walkthroughs and guides on how to achieve the highest level in competitive play are just a few things audiences crave. You can often find gaming influencers on YouTube, Twitch, Instagram, and even Twitter.

Health and Fitness

Most people want to learn how to be healthy, improve their apparencies or maintain their weight. It is vital to your survival, meaning there is high demand for needed information. Weight loss how-to videos, advertising sportswear, or selling weightless programs are a few great things in this niche that influencers can promote.

Food and Travel

Mouthwatering dishes, videos on how to bake the perfect cake, how-to guides on traveling the world on a small budget, or simply sharing the meals you’ve tried while traveling to exotic places are just a few examples of content audiences crave within these niches. Many young adults have reported using Instagram as their source of information before they book their travels or YouTube to learn how to cook a new meal.

While these are the most common and successful industries in influencer marketing, that doesn’t mean you shouldn’t give it a try if your niche didn’t make this list. You can be an innovator and start something new within your industry as long as you use the right tools and resources.

Find the right social media platform and influencer, and create the best content with your target audience and business goals in mind. This extensive list shows that influencer marketing will likely benefit your company as long as you can provide visual content that solves a high-demand problem. Influencer marketing thrives on high-quality visuals and in-demand content.

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