Influencer marketing: the battle between BIG numbers and REAL influence
There is no denying that when done right, influencer
marketing is the most effective way to reach relevant audiences and build brand
loyalty, which is why it will continue to spiral into a multi-billion dollar
industry over the next five years. However, issues and concerns have continued
to permeate the industry in recent months, stirring up some fiery debates in
the region.
With technology fueling developments at a much faster pace
than we can implement laws and regulations, the growth of the UAE’s influencer
industry gave rise to multiple problems that preceded – and demanded – the newly enforced UAE legislation. From issues
surrounding inflated pricing and ‘diva’ requests to concerns about fake
followers and lack of accountability, the new e-media regulations will now
shake-up and reshape the advertising landscape.
Bringing order to the chaos
The National Media Council (NMC) sought to resolve and
regulate the social media marketplace with the recent introduction of its
tiered influencer legislation.
Three clear tiers were established for those who want to
continue earning money from branded collaborations, while at the same time
protecting both consumers and brands (and, rightly so). The legislation rolled
out as follows:
- Influencers
can buy an Individual License (AED 15,000 + Trade license)
- Influencers
can buy a Partnership License (AED 15,000 + Trade license)
- Influencers
can get registered under an official NMC-approved influencer agency.
By allowing influencers the opportunity to register under
NMC-approved agencies, influencers can now continue to work on brand
collaborations without footing the cost of an individual license, so long as
they are registered exclusively with one agency. This move will not only assist
with market regulation but will also allow for creative partnerships between
brands and influencers to flourish.
To go big, you really need to go micro!
While the first point of thought might be to question the
need for a third party in a brand-influencer relationship, the evolution of
influencer agencies and platforms stems from the social shift that’s happening
on a global level. Rather than using one or two macro influencers, brands are
investing in micro
influencers, with the assistance of platforms
that can assist with the logistics, insights and performance of running such
campaigns effectively.
On top of that, a group of micro-influencers is
statistically proven to achieve the same (if not better) results as a
macro-influencer for a lot less money. While their following may be smaller,
they have highly engaged and trusted audiences who follow them as a result of
shared interests, whether that be fitness, beauty, travel etc. On top of that,
the engagement rate of a micro influencer is significantly higher than that of
a macro, so when you group them together, you can tap into multiple audiences
and measure a far greater impact overall.
It’s evident that brands are now waking up to the
over-commercialization of macro influencers; they are tapping into the
behavioral trends of their consumers who are statistically proven to be much
more likely to follow the recommendation made by a micro influencer. Overall, it
is about targeting your key consumers and ensuring you reach them through the
right people.
Working with micro influencers is not only a move that
triggers better ROI, but it is also a safer option for brands since these micro
influencers do not have the celebrity status that can cause a global outcry.
Peeling away the social masks
As anyone with a vested interest in influencer marketing
knows, finding genuine ‘influencers’ is also a real issue in the industry; you
have to distinguish between big numbers
and real influence. We are all aware of fake accounts, fake
followers and fake engagement; all of which exists in today’s social sphere.
However, platforms, like Brand Ripplr, are implementing tech solutions that
allow for a vigorous vetting process. This means being able to detect the real
from the fake and deliver insights on influencer audiences, alongside
data-centric campaign results.
There are thousands claiming the ‘influencer status’, but
brands need to understand the data behind the social media masks in order to
determine whether or not these ‘influencers’ have real influence – audience
size, engagement, audience demographics all need to be analyzed.
Using technology to solve industry needs
When trying to bring an influencer marketing campaign to
life, the same industry frustrations exist – whether you are an individual, an
SME or a big brand. The proven benefits of influencer marketing has seen the digital
advertising spend shifting to accommodate influencer campaigns; however, the
reality is that it is a difficult, time-consuming and manual process. For such reasons, influencer platforms are
stepping in to offer solutions.
The future of influencer marketing
Brands need to co-exist in the same space as their
consumers. Unless the likes of Facebook, Instagram, YouTube and Snapchat
disappear, influencer marketing won’t be going anywhere. Brands will need to
work with ad-tech platforms and connect with aligned content creators for
compelling campaigns that can reach relevant audiences via social media
channels.
The introduction of the UAE’s e-media regulations is a sure
sign that all parties – influencers, brands, agencies and
consumers – need to understand, more than ever
before, the importance of transparency and step up to global advertising
standards. Influencer marketing is here to stay, so it is time for us all to
become more socially savvy, budget conscious and data driven.
Author’s note:
Brand Ripplr is following in the NMC’s footsteps when it
comes to advocating not only the transparency of paid collaborations but also
the transparency of its influencer terms. Brand Ripplr will not shut the door
on brand opportunities for its influencers and neither will it charge
additional costs to brands. The reasons behind this are simple: we want our
influencers to have the ability to create content with a variety of brands.
They also need the flexibility to work with the right brand and, likewise, brands
need the flexibility to tap into the right talent.
Brand Ripplr has always been on a mission to connect brands
with regional talent; first and foremost, the platform’s mission is to ensure
that creative content ripples across social platforms and does so
transparently, while meeting all e-media regulations.
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