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Why Brands Need To Invest In Long-Term Influencer Relationships
The marketing world continues to crank up influencer marketing budgets, and with good reason. An assortment of brands are experiencing benefits of influencer marketing campaigns firsthand. For an industry expected to reach $5-10 billion by 2020, not much stands in the way of influencers steering the ship. That is, so long as the marketers investing in the strategy continue to treat it as a relationship, rather than just a business deal.
As with any relationship, it’s probably a good idea for all parties involved to have a vested interest in sustaining the partnership. Lopsided relationships cause misalignment when it comes to measuring the return of the investment. Just as influencers invest in building long-term relationships with their audiences, brands need to have the foresight to invest in long-term influencer relationships.