
1. More Influencer Collaborations
Influencers have become increasingly important for brands and marketers due to their large followings and high levels of engagement. In 2023, we can expect to see even more influencer partnerships as brands seek to leverage these influencers’ reach to drive sales and brand awareness.
One of the main reasons for the growth of influencer partnerships is the rise of the influencer marketing industry, which has now grown into a multi-billion-dollar business. Influencers can add immense value to brands by producing unique content, driving organic traffic to their websites, and spreading awareness of their products or services across various social media networks.
To maximize the potential of influencer partnerships, brands should:
- Define their influencer marketing goals
- Strengthen relationships with their affiliate partners
- Ensure accurate and up-to-date brand and product information
- Allocate a suitable budget for influencer marketing activities
Tapping into Nano and Micro-Influencers
In 2023, more brands are expected to target nano and micro-influencers for their affiliate marketing campaigns. These smaller-scale influencers have a more focused reach and are often more cost-effective compared to macro-influencers.
Nano influencers usually have between 500-10,000 social media followers, while micro-influencers have between 10,000-25,000 followers. These influencers can be valuable assets for brands looking for unique and creative content to engage their target audience. Due to their niche focus, they often have a higher level of engagement and loyalty from their followers.
Moreover, the rise of platforms like TikTok and Instagram Reels has made it easier for nano and micro-influencers to reach a larger global audience. These platforms enable creators to produce engaging, short-form video content that can effectively showcase affiliate products, resulting in increased visibility and potential sales for brands.
2. Navigating the Post-Cookiepocalypse World
The discontinuation of third-party cookies by major web browsers has led to a significant shift in the way marketers approach audience targeting and data collection. With the rise of alternative ad technologies like contextual targeting, marketers are now focusing on delivering highly relevant and personalized ads based on the content users are viewing.
GumGum’s recent research shows that 61% of advertisers in the US now use contextual targeting, and 25% plan to increase their spending on this form of advertising. Contextual targeting allows advertisers to select sponsored content that is displayed to users based on their browsing behavior, resulting in more accurate and targeted ads that are also more respectful of user privacy.
To adapt to this post-cookie world, affiliate marketers should invest in AI-powered tools and technologies that can provide insights into user behavior and interests. This will enable them to deliver more targeted and relevant affiliate promotions, resulting in better conversion rates and overall performance.
3. The Importance of Cross-Device Tracking
As the number of internet-enabled devices continues to grow, cross-device tracking has become increasingly important for affiliate marketers. In fact, 62% of smartphone users have made at least one purchase using their mobile device.
Cross-device tracking enables marketers to deliver customized, relevant, and targeted ads to specific users across multiple devices. This can help identify the most effective channels for converting potential customers into actual buyers.
There are two main approaches to cross-device tracking: deterministic and probabilistic.
- Deterministic cross-device tracking uses first-party data from users to link devices. Companies like Google and Facebook employ this method to create cross-device connections.
- Probabilistic cross-device tracking collects anonymous data, such as device model and geolocation, and applies statistical methods to identify likely cross-device matches.
By leveraging cross-device tracking, affiliate marketers can gain a more comprehensive understanding of their audience’s behavior across multiple devices, enabling them to optimize their marketing strategies for maximum impact.
