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This is a deeper dive into our topic from Episode 125: Is Your Influence Worth Your Price. We are really trying to prepare business owners and potential business owners how to study and analyze social media stats. Also, it may be best to understand that influencers are not professional paid advertisers or advertising agencies. Some maybe able to "sell" themselves, but that doesn't mean they can sell anything. Have you ever noticed when an influencer is promoting a prominent product, there is always a massive paid adverting campaign behind it? They are just the paid talent in that commercial, they are not the master mind or engine behind that paid advertising campaign. The big issue comes when they are paid to be that master mind on social media for a specific product and they don't know how to be that for a particular company. Then as a company your return on investment (ROI) will probably be a negative impact. Listen in to this episode to better understand if paying a social media influencer the right move for your company.

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There are so many "influencers" out there, and they will market and promote them as the one thing your business is missing to take it to the next level. You can go and research their social media following to see what type of attention they are garnering out there too. You can check out how many followers they have, how many likes their post get and all that. In the mist of during your research you should be able to see if their influence is worth the price. You can pay attention if someone has 500,000 thousand followers on a social media platform but are getting 500 likes on their post, their interaction with their audience is very low. We have been taught that you look for a 10% average of interaction from followers on that person's post. Yes we know, I thought I was going to kill them with one mentality applies. There will be some misses when it comes to social media and we know that. But just tune into this episode to see if their influence is actually worth the price they maybe charging your business.

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We are deep diving more into the psyche of business owners in this episode. Lots of times a business owner can misinterpret a comment or feedback as hating or a negative response. Sometimes, solicited advice because you asked for an opinion can come in varies shapes forms and fashions. We talked about in our previous episode, you cannot do it all alone. Your network can determine your net worth is a frequently used statement right now. You have to be open to opinions, critiques, and criticisms. To think you know it all as a business owner can be a grave mistake. This way of thinking can lead you back to our episode of is your business thriving, surviving, or dying. We constantly talk about checking your ego at the door to help your business in positive ways. This is the perfect episode for open minded business owners, and those closed-minded ones nee to tune in too!!!!!

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