Influencer Marketing

Stay Relevant with “Pay to Play” in Digital Marketing

Even if you’re new to marketing, you’ve probably heard the term “pay to play.” This phrase basically means that you’ll need to spend money to get ahead. Think of the cliché “spend money to make money.” The “pay to play” strategy dominates digital marketing. With shifts in online behavior and channel updates, you can expect to reassess your digital marketing budget to stay relevant. The bottom line? If you want to reach as many potential or returning patients as possible, especially with a high frequency, you’ll need to allocate more of your budget toward advertising and marketing.

The Rise of “Pay to Play”

traditional marketing and digital marketing utilize your advertising budget differently.

The concept of “pay to play” isn’t new. In traditional marketing, larger budgets typically mean more impressions and a greater impact on your audiences. In digital marketing, CPMs have been on the rise, requiring marketers to dig deeper into their pockets to stay relevant.  Largely gone are the days of an organic social post going viral and driving interest in a brand. Algorithm updates and shifting consumer expectations require strategic evaluations and budget reallocations.

Though “pay to play” has its drawbacks, it’s here to stay because it’s effective. With digital marketing in particular, search engine marketing and social media platforms give businesses more ways to reach potential customers, build brand awareness, and show ads when they’re ready to buy. Plus, with more people cutting the cord and opting into video streaming, there are more opportunities than ever to reach new audiences—if you’re willing to invest.

Digital Dives and Doubts

The growing turbulence within social media isn’t something marketers can ignore. In April, Meta—the company formerly known as Facebook—reported a 21 percent drop in profits for the first quarter of 2022 compared to the prior year. In the same week, Elon Musk purchased tech giant Twitter for $44 billion, causing many users to leave the site within a day of the announcement.

Growing turbulence from social media platforms makes digital marketing uncertain for some.

On top of business concerns, ever-changing algorithms have users and marketers alike frustrated. Facebook’s organic reach has been dwindling since 2018 and a recent Instagram update reportedly decreases the reach of reposted content. For healthcare brands using digital marketing, recent health and privacy advertising policy updates can result in erroneously rejected ads that require practices to spend time submitting appeals and making creative changes.

there are 3.96 billion social media users world wide. On average, adults spend 95 minutes per day on social media

Despite all the concerns, social media marketing is still one of the best ways to reach potential customers. As of January 2022, there are reportedly 3.96 billion social media users. Adults are spending more time than ever on social media, averaging 95 minutes of use per day.

The Value Of Influencer Marketing

According to Nielsen, 56% of global audiences trust influencer marketing

A marketer with Covenant HealthCare in Saginaw, Mich., recently shared that he wished influencer marketing would go away. He prefers using knowledgeable healthcare professionals to influence patients and the public about decisions involving their health. According to Nielsen’s 2021 Trust in Advertising Study, 56 percent of global audiences trust influencer marketing. Changing consumer patterns demand changes in patient experience at every touchpoint. That means connecting with them where they go for information. Expectant and new mothers reach out to mommy bloggers. Someone diagnosed with cancer may look for support from someone on social media who shares that experience.

Finding and partnering with influencers aligned with your brand can reach new audiences. But don’t forget that you’re expected to pay for their influence. Influencers are no longer just social media users and bloggers that accept and review gifted products. As with other media agreements, you’ll need to negotiate the cost, execute a contract, set goals, and measure results. Keeping your brand relevant now means paying to play across all channels.

If you need to update your social and/or traditional media strategy, we welcome a conversation. Email Lori Moore or call TotalCom Marketing Communications at 205.345.7363.

Who’s Influencing Patient Choice?
Influencers exist even in healthcare and can help boost your hospital marketing strategy

Just when we thought things were settling down, COVID came back with in a fury. We’re again balancing the need for disseminating crucial health information to COVID-fatigued audiences.

Despite an urgency to target your audience with the “mask up, socially distance, wash hands and vaccinate” message, now can be a good time to determine who’s actually influencing patient choices—from vaccinations to hospital selection.

If it’s not already part of your hospital marketing plan, consider influencer marketing. By definition, an influencer is “a person who inspires or guides the actions of others.”

Influencer marketing spending in the US is estimated to exceed $3 billion this year.

While celebrity influencers with millions of followers may not align with your marketing plans, look for voices of authority in your community. A Gen Z TikTok star probably doesn’t sway many of your patients’ choices, but a mommy blogger, Instagram “granfluencer” or Facebook group for cancer survivors can deliver targeted, authentic messages to audiences.

Reach your patients where they are.

Changing consumer patterns demand changes in patient experience at every touchpoint. That means connecting with them where they go for information.

Expectant mothers look to other moms. Find an influencer in your community posting about birthing centers, pediatric services or child-rearing experiences.

One of your primary targets is probably the Boomer generation, which controls some 70 percent of all disposable income in this country. Boosted by financial power, baby boomers and older Gen X’ers have added their voices to the space. Someone talking about health, wellness or nutrition can influence brand preference among followers. Consider your current hospital marketing strategy to help identify influencers that speak to your target audience about topics relevant to your services and strategic goals.

Partner with influencers to increase patient loyalty.

“Build brand preference and loyalty to drive action” is a typical hospital marketing plan objective. Finding and partnering with influencers aligned with your brand can help accomplish it—and reach new audiences.

However, be strategic with influencer partnerships. Some things to keep in mind:

  • Look for influencers talking about your brand; search for tagged posts, branded hashtags or comments;
    • Follow your followers; select about a dozen to see who they’re following;
    • Share content from a potential influencer (get permission first) on your social accounts to gauge audience interest;
    • Monitor newsletters, blogs, events, Pinterest boards, media coverage and the competition to find out who’s speaking with authority in your market;

Set a budget.

An influencer posting about brands in exchange for complimentary products or services is rare now. Unfortunately, there are no standardized rates. Partnerships can range from hundreds to thousands of dollars.

A commonly used pricing calculation is one cent per follower—or $100 per 10K followers. Macro (10K—100K followers) and nano (less than 10K followers) influencers often post about niche topics, which might better fit your hospital marketing strategy.

When negotiating with influencers, consider:

  • Reach and engagement; larger reach doesn’t necessary mean more engagement;
    • Influencer time and resources required to create content that fits your needs; share information or resources in advance to lessen their time requirement;
    • Length and terms of campaign—number of stories or newsfeed posts, blogs, mentions, photos, number of channels, etc. that you expect;
    • Contract—as with any paid media, execute a written contract that specifies terms of the agreement including usage rights, deadlines, approval processes and exclusivity clauses.

Set goals and measure results.

Effective hospital marketing depends on results. Closely review the authenticity of posts when researching influencers who could potentially affect patient behavior. Content that reads as “sponsored or salesy” probably won’t deliver the intended results.

Set and clearly communicate goals on the front end. Measurable results may include:

  • Engagement—comments, likes, shares
    • Brand sentiment
    • Website traffic from campaign
    • Conversions, such as attendees at a baby or seniors fair, increase in health screenings or uptick in COVID vaccinations

Connectivity to your audience through an outside trusted voice can influence their patient choice and solidify loyalty to your brand.