What Is The Future of Influencer Marketing
Mike Landry

What Is The Future of Influencer Marketing?

To get a good idea of where Influencer Marketing is going, we need to reflect on what it was and how it has changed.

What may surprise you is that Influencer Marketing has always been around, in some fashion, and the way it is defined has been pretty contentious, but for the purposes of this article it boils down to someone who is trusted to some degree that advocates for a product, service or cause to an audience.


A Blast From The Past

Do you remember Michael Jordan as the spokesperson for Rayovac batteries? I do – and let me tell you Rayovac batteries were the best batteries in my opinion.  Now why is that….well, it is because the best basketball player that ever was, was in all their commercial and he wouldn’t use anything but superior quality products.

I have to admit that I was definitely young and impressionable at the time, but, in essence, this was an on-going influencer marketing campaign that worked on me. We knew them then and now as ambassadorships and sponsorships, but at their core they were influencing perception and our consumer behaviour.

Still skeptical? Ever own a pair of Air Jordans?

 


New Voices

In the 90’s different websites and bloggers emerged that held (and some still hold) a lot of clout with their readership. If a prominent mom endorsed a certain product, you can bet it made an impact. Especially when there wasn’t as many options as there are today. This was a game changer – individuals that never appeared on the silver screen or the air waves could reach a larger audience who cared about what they had to say.

Indeed, in the early days smart marketers saw what was happening  and became the early adopters of online marketing through display or endorsement through these websites. Eventually as advertising online became more common, easier ways to purchase ads on sites without the manual outreach emerged as ad exchanges.  Of course today, it’s ads galore… you cannot escape them. 


More Voices

Smartphones.  Need I say more? Now that everyone is carrying around a computer in their pocket that’s always connected to the internet and their social networks, the way we communicated has changed in incredibly in a very short amount of time.  Social Media has changed the way we interact with content and people.  People aren’t just talking about what they see but they are sharing, taking screenshots and sending DM’s. Now, instead of the celebrity or the popular website influencing consumers, it’s people on social media. 

The amazing thing is that having a computer science degree or catching a lucky break through traditional means is no longer a prerequisite to being heard and having influence. All that is needed is a smartphone that’s connected (everyone has that), and the ability to produce and share content that people care about (the hard part).

Social media has expanded the pool of people who could follow and be followed online. A clever kid on twitter, a funny YouTuber, or a photogenic instagramer can speak to thousands, if not millions of followers. That’s incredible power and it’s now in the hands of your next door neighbour, a relative or a friend that just has ‘it’ online. 


 Influencer Marketing Predictions

Influencer Marketing Will Dominate

Today, people live on their phones and on their apps. In a manner of self preservation we have programmed ourselves to ignore most banner ads. After all, we’ve been bombarded with content and the last thing we want is a banner ad competing for our attention constantly.

Curious if it is true? Tell me, when is the last time you purposefully clicked on a banner ad?

The constant bombardment has made it challenging for big brands to cut through the noise and make meaningful impressions online. Influencer Marketing, is becoming more and more the answer to advertisers that want to break through and stand out in front of their desired audience.

Just as big brands started to move their advertising dollars from television and radio to the internet (to the eyeballs), my prediction is that dollars will move away from display and be invested in social advertising where user attention lives. Influencers are and will increasingly become the carrier of brand communication. It might be a YouTuber with 5 million subscribers or an instagramer with 25 thousand followers. 

I’ll end this with what I think we’ll start to notice:

  • More people will become influencers for a living.
  • Quality content will matter more than the amount of followers as organic reach on some platforms decreases.
  • The quality of content will go up as competition for following increases.
  • Platforms like Facebook and Instagram will continue to develop new and easy ways for advertisers to amplify content, drive conversions and report on results. 
  • Banner ads will cost less as dollars flow into social advertising.

Have thoughts? Comment below. 

2 SHARE THIS

SUBSCRIBE TO OUR NEWSLETTER

Leave A Comment

 

Related Posts

Tik Tok users having fun
Jun 29,2020

TikTok Algorithm Explained 2020

In the ‘90s we witnessed the birth of the internet, in 2004 along came...

Jun 26,2020

Social Media Trends of 2020 So Far

By Eliza Mehr, Taylor More and Tanya Cruz When we looked into our imaginary...

companies supporting pride
Jun 26,2020

How Companies Can Support Pride

June is a time of celebration but also a time to learn about history,...

10 TikTok Creators You Need To Follow Right Now
Jun 26,2020

10 TikTok Creators You Need To Follow Right Now

There’s no denying that TikTok is taking the world of social media by storm....

Queer content creators posing
Jun 26,2020

Queer Voices Share How to Nail Pride Marketing

Every June, people’s social media feeds are flooded with Pride-related content as people all...

lgbt creators artists lgbt influencers
Jun 26,2020

15 Fave LGBTQ2+ Creators

Happy Pride Month to everyone. In this blog, we’re highlighting 15 of our fave...

black creators header blog
Jun 23,2020

100 Black Creators You Should Be Following

Over the last 3 weeks, we’ve taken this time to educate ourselves, and learn...

generation z using technology
Jun 22,2020

How To Market To Gen Z

Before you consider this demographic as part of your next marketing strategy, you first...

Google Shopping Campaigns for Beginners
May 29,2020

Google Shopping Campaigns for Beginners

In today’s rapidly changing digital marketplace, traditional retail brands must quickly adapt in order...

May 27,2020

How We Reached 5.5 Million On GIPHY

We’re sure you’ve heard of GIFs, you might use them in your Instagram stories...

The Influence Agency: Influencer Marketing Toronto