Is the creator economy past its sell-by date?

by Baxolise Mfidi: Social media team lead at VML South Africa.
A look at what is and isn’t working for both influencers and brands, and what the future of brand-influencer partnerships is likely to look like. 

Considering the disruption of new technology, the growing trend of deinfluencing and instances where collaborations between brands and content creators have gone completely awry, it is good to reflect on how viable the creator economy is - both for brands who intend to reach wider audiences through influencer marketing and the content creators who have the platforms with those sought-after communities.

Authenticity has not gone out of vogue

A word that keeps coming up when it comes to brands working with influencers is “authenticity,” which can be achieved when brands partner with the kind of influencers who use the brand’s offering or live a lifestyle that is compatible with it. In both scenarios the audience buys into the promotion because of the way the influencer incorporates their truth and individuality into the content in a natural way.

When South African TV presenter Jeannie D collaborated with Huawei to promote their Mate 20 Pro, users on the platform X quickly pointed out that her post for the campaign was uploaded via Twitter for iPhone. The tweet was later deleted, but what we learnt from instances like this is how smart audiences are.

Moral of the story: Always err on the side of authenticity. Audiences notice the cracks in a false partnership and they notice when brands use content creators and influencers as billboards on social media. They will waste no time calling out the brands and creators involved. Brands and influencers alike should look at how well their values and messages align before considering anything else.

Close, but no conversion

More recently, Snoop Dogg partnered with Solo Stove, in which the company named him its “smokesman” for a campaign promoting their smokeless fire pit. The rapper piqued the interest of audiences across social media with a vague announcement saying he was "giving up smoke”.

A follow-up post revealed his connection to the smokeless fire pit. Unfortunately, the social media buzz did not match the bottom line and the company reported that “it did not lead to the sales lift that we had planned”.

In this unique scenario we see how a popular face does not always equal conversion. In addition, the creativity of grabbing people’s attention with the announcement did not attract enough new customers or appeal to the existing ones.

Moral of the story: Brands need to be clear on their objectives and make sure the campaign and the creator they’re partnering with are aligned with them . A famous face may create awareness, but in some cases a less well-known influencer that feels more relatable for the target audience may generate more sales.

Rise of the anti-influencer

One of the viral trends on social media from 2023 was “deinfluencing”. This trend, which was made popular on TikTok, involves creators telling their audiences why they should not buy certain products. It’s been billed as a rebellion against hyper-consumerism and overconsumption resulting from overhyped mediocre experiences and overly expensive products that are promoted by influencers.

Search "deinfluencing" on TikTok and you’ll see thousands of videos emphasising one of the faults of the creator economy: the trap that some influencers fall into of prioritising the profit to be made or the popularity to be gained from promoting a brand over the ethical contradiction that may exist with a campaign.

Moral of the story: The creator economy is forced to evolve along with its audiences. The TikTok generation has different expectations of the content creators and personalities behind the content they follow. Nano influencer or celebrity, fans are looking to follow public figures who are engaged in social ethics.

In this climate, influencers need to interrogate potential brand partnerships and ensure that every partnership they enter into is one they would be willing to defend. Similarly, brands need to be intentional about how they work with influencers and avoid the culture of frivolous freebies that characterised the early days of the creator economy.

Robo influencers vs humans

Almost as soon as social media influencers started popping up on every platform, AI influencers followed suit. Miquela (@lilmiquela) is one of the accounts that are still active, with 2.6-million followers on Instagram to date. What is an AI influencer? Simply put, they are influencers whose persona is generated using AI technology. Their appearance, how their page is run, and their overall digital presence simulate those of a human.

For brands, digital influencers come with a few perks as they are not as unpredictable as humans - they’re less likely to be cancelled, they don’t age and they don’t go off message. But they can be expensive to develop, they require a huge amount of work to make them feel authentic and they won’t resonate with all audiences.

Moral of the story: For real-life influencers, there may be no visible competition yet, but much like the way AI has disrupted many other industries, AI influencing is a trend human influencers need to study closely. Just as other industries are having to strategise around AI disruption, creators also need to be prepared to compete with AI or find a way to pivot and incorporate the tech into their offering.

Brands should be open to exploring the capabilities that AI has opened to them, but they also need to be careful not to jump onto the trend just because it’s new and exciting. They should instead consider whether it is a good fit for their market, audience and brand.

Realistically speaking, the creator economy has not yet reached a point of irrelevance. On the contrary, there is still potential to grow as an industry. The influencers and content creators who stay true to who they are while also paying attention to the changes taking place around them are the ones who will likely maintain reasonable success throughout their careers. And the brands that put authenticity first and engage with creators as partners will reap the benefits of influencer marketing.

Useful resources:
The Red Zone
The Red Zone is a marketing and media website featuring breaking news from the industry as well as insightful opinion pieces and up to the minute event coverage.
Share on Twitter Share on LinkedIn Share on Facebook
Share via Email
©2024 SURREAL. All rights reserved.
Follow us on Twitter Follow us on LinkedIn Join us on Facebook