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The Value of Influencer Marketing; Industry Perspectives With OMD’s Katharine Ricci

By Jessica Schimm

in Brand Safety/FTC

Posted August 2, 2017

OMD’s Katharine Ricci, who’s been doing influencer marketing strategy for the last ten years, talked to Reelio about the value and why brands shouldn’t solely rely on organic positive shout-outs from fans.

“Creators don’t have time to look through 200 PR pitches. They want to get paid by brands for creating custom messages.”

At this point, OMD’s Katharine Ricci and I are discussing the biggest misconceptions brands have around influencer marketing; one of them being that positive brand buzz will happen naturally online from fans often, making influencer marketing unnecessary.

And while organic brand buzz does happen from fans, it probably doesn’t happen as frequently as brands would like to think. Even when it does happen, the brand still misses out on the opportunity to help frame the messaging and timing benefits that could be helpful for launches and brand narratives.

“There are only certain brands embedded in culture that are talked about organically in meaningful ways,” Ricci says.  

And that statement has a lot of weight coming from someone who has been doing influencer marketing for the last ten years.  

When I called Katharine Ricci to interview her about her work with influencers and brands at the global communications agency OMD, the last thing I expected was to learn was what influencer marketing looked like in 2007 through 2010, and how this may have lead to the misconceptions brands have today around the practice. Through her journey, she’s been able to understand the power of influencers very well - at one point being one herself - and the value they can provide for brands.

From Journalists to Social Media Influencers

In 2007, Ricci had just graduated college and moved to NYC. At the time, Facebook and Twitter existed, but brands were just starting to think about building an organic social media presence. Her focus was to write strategies for brands that would drive organic growth on social platforms. There was no such thing as a "YouTube presence" and influencers were considered to be bloggers and influential journalists, the latter being a group who was not getting paid.

Ricci remembers sending tech products to journalists to try out and review, but they would typically send the product back, as to assure their audience that their reviews were honest and not positively influenced as a result of being able to keep the product.

And while today’s modern influencer game is a little bit different, with many influencers receiving products and payment, the authenticity and trust with their audience is interestingly still kept in place between influencers and their audiences. Part of this is due to influencers' fears of losing the audience they worked so hard to build.  They know full well the ramifications of becoming a “sell-out” or recommending a cheap product, or a product that doesn’t align with their values; audiences can pick up on this.

Additionally influencers were reminded recently to check the quality of the things they recommend, after many celebrities promoted the Fyre Festival and guests showed up to find what looked like a refugee camp site instead of a music festival.

“There are only certain brands embedded in culture that are talked about organically in meaningful ways.” 

It wasn’t until Ricci was working on the strategy for an edgier toy brand in 2010 that she first worked with YouTubers, who were considered more as “super fans” to talk about the toy.

Back then, she would reach out directly and either gift product or pay nominal fees compared to what brands pay now, for influencers to talk about the product with their audience.

This strategy also included earning buzz from people on Twitter and Tumblr who weren’t even the biggest fans of the product, but had the right audience the brand wanted to reach. From this angle, it’s easy to see how influencer marketing has evolved into what it is today and how even in it’s earliest stages with social media, there was always interest from brands.

It was also in this early period that Ricci became something of an influencer herself with her own blog called the “NYC Recession Diary.” Created at the beginning of the recession, she’d blog about fun free stuff to do in New York and eventually started to receive pitches from events asking her to attend and write about it. This enabled Ricci to get perspective on both sides of the table.

What Brands Are Still Learning About Influencer Marketing Today

Today is a much more advanced influencer game and Ricci guides her clients through an influencer marketing strategy and execution that is much more robust. Ricci’s department is the social media strategy and planning department at OMD and has a specialty focus on earned, owned and paid, including influencer marketing, which makes sense as Ricci clocks in her tenth year of planning and executing influencer marketing campaigns for brands.

Her clients include CPG, entertainment, retail and alcohol brands, but it isn’t always so easy to convince brands of the need for influencer marketing. Even today, Ricci still finds that a little education goes a long way.

“Early on it was harder to get brands comfortable with the idea of paid influencer marketing,” Ricci said. “There’s been some hearts and minds we’ve had to change about influencer marketing with education about what it can do for their brands.”

The Benefits of Top Influencers and Micro Influencers

Education can often start with defining what an influencer is and what influencers of different sizes can do for brands. In fact, micro influencers are better for some brand goals than others. 

To help give brands a top down look, she usually brings this chart with her to many meetings.

influencer ranks by size

Try our Free Influencer List Tool

It’s Important to Lock Influencers in Early

Another thing that brands often need to be educated on is the production time influencers need to create quality content. Despite the 3-6 week process it takes for an influencer to create a creative asset, working with them to create content is still a quicker turnaround than most creative agencies. Many brands however, struggle to get creative briefs approved by stakeholders and legal with enough time for the influencer to still be available or to ensure they’re not rushing the content. (Note it can take up to 10 weeks to see final results on the content).

“Let’s face it, creative agencies have a very hard time keeping up with the quantity of content that modern media plans require,” Ricci said. “Influencers are usually much faster than agencies, but it still takes time to turn around that content.”  

“Influencer marketing is critical for all brands, because it’s the most effective driver of consideration and conversion." 

This means that Ricci is already starting to plan holiday campaigns for her clients to ensure there is enough time to source the right influencers and that they have enough time to produce  quality creative at the right quantity. 

“Influencer marketing is critical for all brands, because it’s the most effective driver of  consideration and conversion. Trusted advocates are 4-10x more effective at driving sales, and 92% of consumers trust recommendations from people they don’t even know over a brand.”

As for the future of influencer marketing, Ricci expects it to get bigger, better and more collaborative.

“The influencer model of the future will be a place where brands build strategic business partnerships with influencers. Instead of it being solely pay-for-play, there will be a value-exchange economy between brands and creators.”

To launch your own influencer marketing campaign, Get a Strategy Session with Reelio or learn more about the state of influencer marketing.

 

Jessica Schimm

Submersed in the world of influencer marketing as communications at @Reelio. Former online voice of @Women2. Writer. Dancer. Pinterester.

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