Evolution of Influencer Marketing is essential concept as we’re in the era of a digital revolution, especially with Influencer marketing estimated to reach $24.1 billion industry.
So, where and when did the evolution of influencer marketing start?
Queensware to Coca Cola
From the royal endorsement in 18th century for ‘Queensware’ pottery as the first phase of Influencer marketing, followed by Coca Cola’s iconic use of fictional characters like Santa Claus in 1932 that aimed to remind customer of good times and jolly memories of the company, it wasn’t long before social media platforms came about.
As more people rushed to these platforms to post about their daily lives and adventures, they started garnering a loyal and engaged follower base. As influencers became more prevalent with their content and opinions, brands started leveraging this as a collaborative opportunity. This tactic eventually powered what we refer to as ‘influencer marketing’
Let’s explore how Influencer Marketing has evolved over the last decade to reach its position as the salt of the Marketing Industry.
The advent of bloggers
The first influencers (even before invention of the term ‘influencers), everyday people were finding their voices and audience on multiple topics and the bloggers were sought by brands and marketers due to the influence they held over their target audience.
Rise of Facebook Culture
With the explosive growth of Facebook culture since early 2000s, it created a new platform for both influencers and marketers to reach the right people, thus helping influencers build their tribe while helping brands connect with their potential customers at the right time.
Reduced relevance of advertising
As consumers started to get bombarded with advertising targeted to combat, it gave rise to the usage of ad blockers to completely ignoring ads.
Rise of Instagram
Social media stole the show by providing a space to people to get creative and connecting friends and strangers alike. This in turn led to brands and celebrities collaborating to influence the masses.
Micro and Macro Influencers to the rescue
As influencer marketing started gaining momentum with more and more people using their creative skills to engage masses, it wasn’t long before brands started looking for social accounts with massive reach.
From then to now, Influencer Marketing has grown at a steady pace. Let’s understand why :
- More and more people becoming influencers : As social media platforms continue to grow, more and more people are getting onboard with sharing their creativity, uniqueness, lifestyle, niche based content and so on.
- Live e-commerce : Live shopping programs are bound to become an important part of influencer marketing, considering how it has the right combination of building trust, visibility, accessibility and smooth experience. Now, that’s a win-win! Infact, Facebook
recently launched Live Shopping
- Influencers are now becoming more authentic and relatable : More and more influencers have started posting relatable and authentic content making them and their opinions trustworthy helping brands promote their products from a genuine perspective and not an advertisement.
Influencers can help you drive traffic to your website, make sales, increase your followers and so on, it’s just about the right strategy and execution.
If you think this helped and you want to explore Influencer marketing , you can get in touch with us today!