RV163 - Expert Session: Leveraging Influencers & Advisors as part of your Marketing Strategy, with Natalie Marcotullio
Apr 5, 2024
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Expert Natalie Marcotullio and host Chris discuss leveraging influencers and advisors in B2B marketing. They cover implementing Navattic's Advisor Program, balancing strategic advisement and influencer advocacy, compensation methods, and nurturing advisor relationships. Key insights include maintaining a manageable advisor number, gauging business referrals, valuing strategic insights, and multifaceted ROI measurement.
Starting with a small group of advisors ensures deeper relationships and impactful collaboration.
Authenticity and credibility are key in advisor relationships, focusing on genuine belief in products beyond financial gain.
Measuring advisor program success requires holistic metrics including self-reported attribution, referrals, and word-of-mouth leads for a comprehensive view of impact.
Deep dives
Starting Small with Advisors and Influencers
It's important to begin with a small group of advisors or influencers to ensure depth in relationships and impact. Instead of scaling to numerous individuals, focusing on a select few allows for more targeted and effective collaboration. By starting with a core group and deepening those relationships, companies can gain more meaningful insights and tangible benefits.
Authenticity and Credibility in Advisor Relationships
Maintaining authenticity and credibility in advisor relationships is crucial. Advisors should genuinely believe in and see value in the products they endorse, beyond just financial compensation. It's vital for advisors to remain true to their audience, ensuring that they prioritize what's best for their followers and maintain integrity in their recommendations.
Measuring Success in Advisor Programs
When measuring the success of advisor programs, it's essential to focus on more than just direct leads and promotions. Incorporating self-reported attribution, direct referrals, and word-of-mouth leads can provide a more holistic view of an advisor's impact. Additionally, establishing clear metrics and tracking mechanisms, such as spot dashboards, can help quantify the effectiveness of advisor relationships.
Strategic Relationship Building with Advisors
Building strategic relationships with advisors goes beyond mere promotion and influence. Advisors can offer valuable insights into website messaging, product feedback, and promotion strategies. Leveraging advisors for competitive intel, data creation, and audience validation can lead to more informed decision-making and impactful marketing strategies.
Balancing Promotion and Strategy with Advisors
Finding the right balance between promotional activities and strategic advice is essential in advisor relationships. While promotions can create brand visibility, strategic guidance on product development, messaging validation, and competitive insight can drive long-term success. Ensuring that advisors contribute meaningfully to both promotional and strategic aspects can maximize the benefits of the relationship.
Chris was joined by Navattic’s Natalie Marcotullio to explore the nuanced strategies around leveraging influencers and advisors within marketing strategies. As a topical issue amidst the dynamic terrain of B2B marketing, particularly within LinkedIn circles, their conversation sheds light on the practical implementation and tangible benefits of such programs.
The podcast delves into the conception and execution of Navattic’s Advisor Program. They discuss the critical balance between strategic advisement and influencer advocacy, stressing the importance of aligning such programs with a company's ICP. Natalie succinctly clarifies the program's structure that not only encompasses promotional endeavors but also heavily relies on strategies that guide the product's market trajectory. Further, they tackle the idea of compensation and the significant role that direct revenue sharing, alongside monthly payments, plays in cultivating a robust, engaged advisory board.
Key insights are revealed into the essential elements of nurturing these advisor relationships. This includes maintaining a manageable number of advisors, gauging direct business referrals, appreciating the value of these advisors' strategic insights as much as their promotional influence, and the critical need for multifaceted measurement to capture true ROI.
Thanks to our friends at Hatch for producing this episode. Get unlimited podcast editing at www.hatch.fm
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