Consumer data

Once upon a time, when Instagram was in its infancy, the dark arts of influencer marketing were a trade secret. Now, the cat is out the bag.

Gen Z are increasingly sceptical about the transactional relationships that define influencer culture and are wising up to warning signs of inauthenticity: #ad, #sponsored, #prpackage. No longer are users fooled by promises of an aspirational life that will transpire at the click of the affiliate link.  As they lose their authenticity cachet, have we seen the end of influencers?

Influencer marketing has become a critical piece in a marketer’s tool belt and has rapidly grown into a whopping $10 billion industry. Businesses have funnelled inordinate sums of money in the hope that influencers will leverage their authority and relationships to promote their brands.

But are we beginning to see a shift in attitude towards influencers? Do their voices really make a difference to consumers? And will a shopper actually be more inclined to purchase a product based on a paid promotion? We asked our global customer collaboration community whether they believe that utilising influencers is an effective tactic. Here’s what they had to say:

A dwindling influence…

60% of our respondents reported they had never made a purchase based on an influencer’s social media content. And anecdotal responses reported further scepticism towards social media content or recommendations based on paid or sponsored posts.

Trust
Our respondents showed a sharp divide in regards to trusting influencers – with only 35% of respondents expressing an unequivocal “Yes” on whether or not they believe influencers are still ‘authentic’. 

Contrastingly, around 30% of our customer communities expressed a confident “No” and the remaining 35% felt influencers could only be trusted in certain situations, such as product recommendations. While, overall, this indicates that some level of trust still exists – we can certainly see a growing sense of awareness around the nature of how influencers work.

Only in it for the money?
The primary concern Bulbsharers noted about influencers was the belief that they are disingenuous, superficial and only interested in getting a paycheck. This sense of ‘influencer avarice’ discouraged consumer purchases.

But social purpose is the exception
While many of our respondents felt that influencers are only interested in making money, there was a notable trend of trust towards influencers who “use their powers for good”. Influencers who advocate for causes and emphasise a positive social purpose appear to be more trustworthy than those who do not, according to our consumer surveys.

Personal relationships reign supreme
84% of our product reviewers reported being more likely to make a purchase based on the recommendations of family or friends over that of an influencer. If online personalities are perceived as inauthentic, then recommendations from those in one’s own personal circle wield the ultimate authenticity. This perception of friends and family as the ultimate ‘influencers’ shines a light on the continued value of genuine customer advocacy and community-generated content.

Brand tool-kit:

1. Engage customers in always-in conversations. By keeping in touch with your consumers – be it through the comment section of Instagram or via your very own Bulbshare channel – you show your customer that you care. Having an authentic voice to communicate with will make a real difference.
2. Co-create. By allowing your customers to take an active role in the processes of your products and services, they become more than just consumers. Customer collaboration and connection is the key: they will be invested in the journey and development of the brand because they have played a role in its evolution. 
3. Friends and family – the ultimate influencers. Build customer communities and turn them into advocates. Real user-generated content is the ultimate in brand promotion. Contact Bulbshare to see how we can help you build always-on, targeted customer and content communities who will advocate for your brand more cost affectively and more authentically than influencers.