How many posts have you read in the past week featuring the latest product which your favourite blogger just ‘cannot live without’? Or the number Instagram posts with someone promoting their newfound favourite brand of sunglasses that are a ‘must’ yet which you hadn’t even heard of until now?
The advertising industry is in the middle of a major shift.
Social media is radically reinventing the aging business of PR and nowadays, we only have to scroll before coming across an advertisement on social media and whether you realize it or not, you are being influenced.
With a focus on putting the public back in Public Relations, the advertising industry is championing the new, growing business of ‘influencer marketing’. Capitalizing on social media’s reach, influencer marketing focuses on the strategy of paying an ‘internet celebrity’ to promote products in their accounts to their followers.
So, you’re maybe asking what exactly is an influencer? To put it simply: an influencer is someone who has accumulated a substantial number of followers on social media. Therefore, an influencer’s established and reputable personal brand is the perfect platform for brands to promote their message in exchange for financial reward or exposure.
Think of it like this, how often have you ever visited a restaurant, booked a holiday or bought that latest lippy because somewhere on your feed someone has filtered a picture nicely and added a discount link beneath? Well, if that’s the case then you have indeed been influenced.
With 49% of consumers seeking purchase guidance from social media influencers and a further 40% media users making a purchase as a direct result of a promotional post, digital PR presents a conspicuous opportunity for brands to utilise the power of word-of-mouth at scale through personalities that consumers already follow and admire. Why is this? Because as followers we trust recommendations from and identify with who we choose to follow.
Adrien Koskas, general manager for the U.K. for L’Oréal Paris, stated influencers are a hugely important part of their creative process. Using a team to track them and annual contracts, L’Oréal Paris has 23 influencers for its’ True Match product.
There are four key reasons this shift in PR is shaking up the industry – it is cost effective with marketers who implemented an influencer marketing campaign earning an average of six times what they spent on paid media; high ROI – 81% of marketers’ state that influencer marketing is extremely effective; gaining customers trust – 92% of consumers trust recommendations from personal connections; has mass popularity – 74% of all marketers’ plan to use digital PR this year.
“People influence people. Nothing influences people more than a recommendation from a trusted friend. A trusted referral influences people more than the best broadcast message. A trusted referral is the Holy Grail of advertising”.
– Mark Zuckerberg –