I am software engineer and have 2+ years of experience in digital marketing industry.
I am thinking about making a influencer marketing platform and currently I am confused as to what should be the initial plan.
It is a chicken and egg problem, as agencies and brands won't be attracted if there is not a lot of influencers and inverse is also true. One strategy that I have learned from some entrepreneurs is that I can build the platform and start onboarding influencers and brands/agencies will come later on.
Biggest problem now is thinking about growing the influencers base.
(sidenote: some companies claim to have 3+ million influencers on their platform) I can see 2 possible options:
Option 1:
- Use a crawler/scraper or hire someone to get profiles, then somehow make them searchable/filterable
- Show this tool to brands and contact to influencers on their behalf to properly onboard them.
- This saves time spent in communication and require a bit more technical knowhow but is doable.
- This will mean no relation to the user until required and using their data to promote my business does sound kind of wrong but as long as it works I am not opposed to it.
Option 2:
- Keep it simple and reach people through messages(DM) and ads to get them on board and ready to start promoting. So brands can easily and quickly get started with the campaign.
- But the number of influencers on the platform will be very less.
- One benefit of this approach is I can find dominance in a niche market/location and grow bit by bit.
- Second benefit will be the relationship with the influencer and ability to pre-negotiate and keep everything ready.
Option 3 (cheating):
- Sign up to a already existing tool and start copying their user base.
- It is Just like option 1 but even more unethical but wouldn't mind doing it in the beginning to grow the user base.
I will greatly appreciate your inputs for this problem, also if you have experience building something like this (closest example will be something like upwork, fiverr)
I am not concerned about the technical knowledge required, cost, time or any other factor.
I built an influencer marketing platform before so I can tell you exactly what I realized as key to success: build something influencers like.
There are 100s if not 1000s of influencer platforms. The ones that say they have millions just scraped profiles from the internet. The number one thing I got from influencers is that they will join any platform if there are jobs for them. The problem though is that there will always be other businesses in their DMs asking for promotion so why have a middle man?
To solve this and scale, turn the influencers into your ambassadors. Build a platform that lets them manage all their jobs while also being able to get jobs on your platform. So if they bring a business that DMed them to your platform, don't charge that influencer fees for any transactions from that business. So the flow is like this:
Influencers will love to have all their stuff in one place and this will also create a race for influencers to refer businesses to your platform to secure the "no fees" deal on that business.
If you are starting from scratch, I have a full influencer platform that I spent $70k to build over the past 8 months along with designs and a roadmap. Message me and we could possibly work out a deal for it that would get you started 100x quicker. Here's a pic of the profile page for influencers: https://ibb.co/QkJcTq6
Option 0:
Do people really want this? How do you know?
This podcast is great for that.