Influencer marketing isn’t easy for most companies, and challenges still abound. This report uncovers insights from 16 creators on how they view their role in the purchase process, the metrics they care about, and what they really want marketers to know.
What trends define influencer marketing in 2020?
Instagram is starting to bring creators closer to the purchase process, and TikTok has emerged as a bonafide platform for engaging with creators and incorporating them into novel campaigns. However, marketers are still challenged to measure effectiveness and combat fraud. And while there is evidence that influencers can drive purchase behavior, there are also many consumers who do not trust influencer marketing.
How important are creators when it comes to driving purchases?
An August 2019 survey from GlobalWebIndex found that 17% of respondents from the US and UK made a purchase in the past month that had been inspired by an influencer or celebrity post on social media.
How do creators view their role in the purchase process?
Those who believe their job is to create brand awareness are wary about being asked to prove themselves by driving purchases. But they are generally intrigued by Instagram’s new tools for embedding shoppable links into posts. Few creators want to be paid via sales commission only.
What factors do creators think lead to a successful influencer marketing campaign?
Our interviews yielded three key pieces of advice: Be clear about your goals upfront; think of creators as ambassadors, not influencers; and remember that trust is critical for both creator-brand and creator-audience relationships.
WHAT’S IN THIS REPORT? This report assesses the trends defining influencer marketing in 2020 and shares what creators want brands to know about working with them.
KEY STAT: Gen Z and millennial internet users say that knowledge and real enthusiasm for a product, brand or industry are the top two reasons they make a purchase based on an influencer’s recommendation.
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