Ben Jeffries Influencer Landscape Update January 2022

Ben Jeffries Influencer Landscape Update January 2022

When reflecting on what Influencer has achieved this past month, I couldn't be prouder of the team! From celebrating our platform Waves' integration with TikTok's creator marketing API to our expansion to not one but two exciting cities, it's been a month to remember. We've also had the pleasure of launching mine and Caspar’s new podcast, Mentors. We kicked off the series chatting with the incredible Michele Romanow, dragon, investor and founder of unicorn company Clearco. In episode two, we sat down with Jamie Laing and Ed Williams to discuss how they've grown Candy Kittens to the sweet empire it is today. Stay tuned for the rest of the series!

Too Long; Didn’t Read 

  • 80% of users trust creators recommendations more than traditional ads;
  • 47% of live stream shoppers preferred it to visiting a store;
  • 60% of creators feel pressure to be authentic;
  • Both Gucci and Hugo Boss subvert their core pillars, partnering with niche TikTok stars;
  • McDonald’s creates Lunar New Year celebration in metaverse; and
  • TikTok saw $2.3bn in consumer spending in 2021, up 77% annually.

Consumer Behaviour

  • 50% of millennials feel that creators they follow on social media know them better than their friends do; 
  • 92% of users trust creator recommendations more than traditional ads;
  • 80% of consumers agree brand awareness makes them more likely to buy on social;
  • 64% of consumers say they are most excited to return to live events;
  • 59% of online consumers are aware of social commerce;
  • 60% of shoppers who have tried livestream shopping said it had improved their shopping experience, and 47% preferred it to visiting a store;
  • Over a third of consumers (36%) believe social media creators have a greater influence on them if they show a social conscience or strong ethical stance;
  • 60% of creators say they feel pressure to meet consumers’ demand for authenticity; and
  • 29% of consumers believe that creators are more likely to be honest than brands.

Brand Behaviour 

  • Hugo Boss shifts gears with major rebranding, including a partnership with TikTok star Khaby Lame;
  • M&M’s celebrates iconic albums in packaging play following controversial rebrand;
  • McDonald’s enlists fashion designer for Lunar New Year celebration in metaverse;
  • TikTok signs four-year deals with women’s and men’s rugby competitions;
  • Selfridges sells NFTs in store, launching a pop-up featuring artwork and designs from Victor Vasarley & Paco Rabanne;
  • Netflix and CALM install 25 park benches to connect people in ‘After Life’ push;
  • Gucci X The North Face tap into TikTok niche with viral trainspotter Francis Bourgeois;
  • Tic Tac inspires kindness and connections via AR messaging;
  • Taco Bell uses Twitter to crowdsource its next ad for Nacho Fries using the hashtag #FriesChallenge;
  • The Yeezy Gap line will include items “engineered by Balenciaga”;
  • Disney patents metaverse technology for theme parks that will track visitors while projecting personalised 3D images for them;
  • Twitter launch ‘If you can dream it, tweet it’ campaign; and
  • Arsenal and Adidas launch campaign to confront worsening knife crime.

General News

  • Global digital adspend to grow 9.2% powered by Olympics, World Cup and US midterms; 
  • Mobile ad spend leapt 23% in 2021, and is on track to hit $350bn this year;
  • TikTok saw $2.3bn in consumer spending in 2021, up 77% annually;
  • Meta is establishing ethical boundaries to distinguish virtual creators;
  • TikTok is working on a new, opt-in function to show you who viewed your profile;
  • Twitter experiments with a new ‘flocks’ option for more enclosed Tweet sharing;
  • Reddit is experimenting with NFT profile pictures;
  • 72% of creators say they are considering or are already making money in the metaverse; 
  • Twitter launches live test of full-screen, visual tweet reactions;
  • TikTok looks to expand content horizons with new integrated ‘stories’ test;
  • Instagram launches live test of fan subscriptions, providing more monetization options for creators;
  • LinkedIn set to rival Clubhouse with Audio Rooms;
  • Snapchat adds new features to facilitate fun interaction, including emoji polls and bitmoji reactions;
  • Instagram launches initial test of algorithm-free reverse chronological feed options in-stream; and
  • TikTok brings viral videos to TVs in gyms and restaurants through a new partnership with Atmosphere.

The Influencer team is currently expanding if you're interested in joining us, please check out our open roles here!

Sounds exciting Ben. We'll have to catch up over a beer soon. I'll pop into the office at some point.

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Aseem Aggarwal

Solving the great Indian health crisis

2y

Its been interesting to see the lines between social media and social media converging. We trust creators and we look up to them. It's a cultural movement.

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