The future of influence: from virtual creators to expert communities
With the value of the influencer market projected to reach $110.4 billion by 2033, there is no denying that this marketing strategy can add incredible value to a campaign. Influencer marketing is often associated with consumer brands. We see it regularly on our personal newsfeeds in the form of social media posts and product endorsements. However HR-focused business brands can also use it successfully and effectively through guest blogs, Q&As and even speaker line ups at industry events.
As with any marketing tool, influencer marketing is constantly evolving. But an oversaturated market has forced brands to create innovative ways of using this technique in their strategies. Where once there was an abundance of trust between the virtual influencer and their following, this has become fractured and unstable following numerous scandals and comical online blunders. Whether that’s selecting the wrong influencer for a specific audience or brand instructions being left on social post captions. Or worse, influencers using hateful, derogatory language and making guarantees they are unable to keep, there is a lot that can go wrong when dealing with influencer marketing.
The main problem with this form of marketing is that humans are imperfect and likely to slip up and make mistakes at some point. This is something that, on a human level, can often be forgiven but in the world of social media, no mistake is too small for the trolls and this can have detrimental impact on brand reputation.
The virtual solution
Social media has a successful history of putting pressure on users to obtain the unobtainable and brands have homed in on the value that this can bring to them. The idea of everyone always wanting more, bigger, better products, holidays, facial features and lifestyles, means that we will never stop investing in brands that we feel can deliver this to us. Virtual influencers are perfect for this. They’re so photorealistic they can hardly be distinguished from actual humans, aside from the fact that they do not possess any flaws. And the real benefit for businesses? Virtual influencers are unpaid, unbiased, available at the click of a button and increasing in popularity.
Although the concept of virtual influencers has a futuristic feel to it, there has been a build up towards it for many years. Back in 1998 the virtual band Gorillaz curated such a following that they collaborated with brands such as G-shock, Microsoft and Converse, who saw the value in incorporating their personas in their products.