At the end of last year, numerous marketing experts were unanimous in their analyses and trend projections that 2020 would be the year of influencers. In addition to macro-influencers, whose follower counts rose above one hundred thousand, those with the prefix ‘micro’ were also expected to flourish, who, although gathering significantly fewer fans, are no less influential.
Unfortunately, the coronavirus has disrupted their accounts and shattered dreams of lucrative earnings, paid trips, or wardrobes full of trendy clothing. Just as many media outlets have lost their fundamental sources of income, influencers have also been hit by advertisers cutting costs, who have, albeit reluctantly, reduced or halted campaigns. Their logic here is clear: it makes no sense to invest in campaigns promoting events that will never happen, trips that no one is allowed to take, or clothing that no one will wear. Currently, it is most profitable for them to invest in campaigns that generate direct sales, and although investing in influencer marketing is extremely effective, its drawback (precise measurement of ROI) has proven fatal for many who earn from this type of marketing.
Fortunately, successful influencers, by definition, are skilled at crafting content on digital platforms, know how to adapt to the desires of their fans, and have devised various survival strategies during this pandemic that currently keep their heads above water and could ensure a quick return to the game in the long run. The company Econsultancy recently published an analysis on its portal regarding the impact of the pandemic on influencer marketing and focused precisely on these new strategies, or the ways in which influential figures are trying to make the best of the current situation.
Enduring Influence
For example, they note that in this pandemic era, live streaming has emerged, allowing influencers to communicate with their fans in real-time. Given that most of the world is living in semi-isolation (despite the easing of measures, maintaining physical, and thus social distance is recommended), this is a way they can be and remain in contact with a group of like-minded individuals and, of course, people (influencers) whose lifestyle they can and/or want to identify with.
According to data collected by the live streaming platform Twitch, during the Easter weekend, the number of viewers was ten percent higher, and there was also an increase in time spent in front of screens. The largest increase in the last month has been recorded in live streams focused on fitness, prompting numerous influencers to capitalize on the trend of exercising at home. Joe Wicks, better known as The Body Coach, broadcasts every morning showcasing a set of exercises aimed at kids. Each video is viewed over a million times on average, which is double the number Wicks usually records on his channel. He is, of course, just one of many foreign and domestic influencers who have decided to be generous in sharing series of exercises and fitness tips to keep fans on their profiles and increase their loyalty.
In addition to exercising, influencers are teaching their audiences cooking, baking, and makeup through live streams, and recently, brands have also started to engage in this form of content. According to Econsultancy, they should be doing this because a study by Kantar conducted on 35,000 respondents showed that only eight percent of consumers do not want to see brands (advertising content), which certainly instills hope in influencers who live off sponsorship contracts.
Given that most advertisers have decided to close the tap or drastically reduce investment, some platforms are devising ways to ensure some influx of money for influencers whose earnings have dropped but who still record excellent numbers in terms of engagement, views, and content sharing among fans. However, until these new, alternative ways of earning are found, influencers must learn to swim in a pandemic-affected world.