
Influencer marketing has become a cornerstone of modern digital marketing strategies, with 80% of companies creating room in their budgets for partnership marketing. Influencer marketing is highly flexible and scalable and often yields substantial returns on investment in exchange for generally low start-up costs—making it a “win-win” in the eyes of many marketing departments.
As advantageous as the business partnership sounds, it’s important to treat it as such. Read on to learn more about influencer marketing agreements, along with a few common mistakes brands make when developing a contract for influencer services.
Influencer contracts are a good idea for several reasons, most of which can be boiled down to this: A contract protects your brand and your publishing partner. A well-designed, clearly defined contract can shield you from potential liabilities. But it can also contribute to a healthy, positive and long-lasting relationship with your influencer partner by clearly defining terms, conditions and expectations for both parties.
Take a look at some of the most important elements to consider when developing an effective influencer marketing contract.
When mapping your influencer contract, include a defined influencer collaboration scope of work and expected deliverables. Even when partnering with an experienced influencer, explaining the specifics of your campaign and the content involved ensures you’re satisfied with the results. It also launches the campaign from a mutually agreed-upon space, setting you and your publishing partner up for a smooth onboarding process and success down the road.
Work with your legal department or influencer marketing management team to determine if the following details are relevant to your influencer contract.
Next, consider the terms and conditions of your agreement. In this portion of the contract, map out the details of your campaign. These may include the following.
Finally, consider including verbiage to define and clarify expectations around your campaign. For instance, you may consider the following details.
Additional clauses: Finally, ensure your publishing partner understands any clauses, such as non-disclosures or morality clauses. A non-disclosure agreement (NDA) prevents the influencer from sharing any of your brand’s information. A morality clause enables you to sever the agreement if the influencer behaves in any way that could damage your brand’s reputation.
Now that you’re aware of some of the details, clauses and terms often found in influencer contracts, here are a few common mistakes to avoid when developing your agreements.
Our team at Acceleration Partners understands just how many details go into an effective influencer marketing campaign. From selecting the best influencer for your campaign to defining goals, establishing campaign guidelines and drawing up agreements that suit your partner’s needs while aligning with your business objectives, the list goes on. Many of our clients feel as if there aren’t enough hours in the day to manage business as usual on top of successful influencer marketing campaigns.
Fortunately, our leading influencer services agency can help. We bring decades of combined experience, a vetted, international pool of publishing partners and the knowledge and strategies needed to launch and manage successful campaigns that lead to actual conversions and higher returns on investment. Count on us for full-service influencer marketing services, including influencer contract negotiation management.
Ready to get started? Contact us today to see how Acceleration Partners can help your brand.