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Influencer marketing: strategies and possible new regulations

Communication changes day by day as well as technology and digital platforms. Using celebrities and well-known personalities for advertising is a well-known resource, but these accelerated changes made the influencer marketing a key strategy for digital persuasion. Do not stay out of knowing in depth this action and its possible new regulations.

What is influencer marketing?

Influencer marketing is a marketing strategy where commercial relationships are made between an influential person (from some sector) and a brand in order to make it known and “recommend”

This stock is not new to the market. For a long time now, celebrities, Hollywood celebrities and athletes have collaborated in advertisements for different brands so that you want to be just as handsome, successful and consume the same as they consume. It is at this point that the famous “influencers” in the digital age. 

Influencers today are common people and generally unknown at first, who they generate sympathy through social networks and in this way they gain thousands of followers, coming to generate a community. The idea is that you feel influenced by their recommendation, opinion, consumption and want to imitate them to be part of it. 

Initially, the brands realized this and began to propose collaborations to Youtubers and instagramers with the intention that they upload photos and/or videos promoting their products in exchange for obtaining these for free. Later, these same collaborations began to become more professional and it was no longer for the exchange of photos and products, but for an economic remuneration with a contract and agents involved.

Influencer marketing is constantly growing and is reflected in a study carried out by savanta Y bazaarvoice in the United States, United Kingdom, Canada, Germany, France and Australia. The 86% of consumers actively seek out content generators or influencers before deciding to purchase a product that they have not tried first-hand before.

Keys to include influencers in your digital strategy

There are many types of influencers and they must fit your brand and strategy for the action to bring good results. For this reason, we want to share with you some key steps to follow so that contact with influencers is truly successful.

Marketing de influencers

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– Know what types of influencers there are

We can name 5 different types:

  • Nano influencers: are those who have less than 10,000 followers.
  • Micro influencers: they present a community between 10,000 and 50,000 followers.
  • Medium influencers: they exceed 50,000 followers up to approximately 250,000.
  • Macro influencers: they already have a full-fledged community, they range from 250,000 to a million followers.
  • Top influencers: those people who exceed one million followers.

Furthermore, we could separate them native people, who have been born from social networks and No native people, they want they were already famous and then they created a community for that.

– Analyze the target audience of the influencer:

The important thing for you and your brand are the followers of the influencer. Therefore, you must know perfectly who they are, what they like, what niche they belong to, how they react, etc. Let's be clear, you are not going to take action with an influencer followed by soccer fans, when your product is tennis. 

– Measure influencer engagement:

Not everything is followers in this. The important thing is to check the interaction it generates with its community and the engagement it receives. This arises because many have arrived thanks to the purchase of followers and this is reflected in their likes and comments.

– Present a clear proposal:

For things to work, they need to be clear and well written. Think… what are you going to propose? In exchange for what: silver or product? How will it spread? That last question is more important than you think. Remember to agree on quantity, times and type of publication.

Regulations for influencers in the General Law of Audiovisual Communication

Currently, social networks are consumed by 26 million Spaniards according to IAB UK. This number is a clear reflection of the Covid-19 pandemic, as digital consumption has increased and trends have accelerated to levels never seen before.

According to Influencer Marketing Hub in his studio The State of Influencer Marketing 2021, elaborated from 5,000 interviews with professionals in the sector, the investment in them reached a value of 9,700 million dollars in 2020, 44.7% more than the previous year and expects that the expenditure of the brands in these profiles ends in 2021 with 13,100 million spent.

Furthermore, it shows that TikTok is the social network that behaves best in any of the contexts and the one that has registered the greatest growth, especially in advertising, though Instagram is still the favorite for influencer marketing, according to the 64% of those surveyed.

In this way, influencer marketing has grown exponentially, also economically, which is why the National Markets and Competition Commission (CNMC) has proposed including influencers in the General Law of Audiovisual Communication.

Basically they ask that influencers or content creators include in their advertising guidelines a specific identification that it is content of this nature and that they do not buy followers as it would be considered unfair competition. On the part of the platforms, they are asked to implement age verification systems to prevent access to the “gratuitous violence or pornography, as well as the need to facilitate parental control systems”

Consequently, it has been introduced Influencers Trust Project, a project organized and co-financed by the European Comission that has been activated by ICMedia, the Federation of Consumers and Media Users Associations, from the hand of Newlink United Kingdom, in order to build a more balanced and transparent market.

There is still nothing very concrete in the regulation of influencer marketing, but the line seems to be one, especially if we bring the legal corpus already presented by other countries such as the United Kingdom, where lists of influencers who do not comply with the advertising code have already begun to be published. In any case, something is clear from this post and that is that they are key when it comes to promoting our brand.

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