6 Key Industry Insights for Influencer Marketing in 2018

Influencer Marketing is a hybrid of old and new marketing tools, enabling brands to connect with highly active influencers with a loyal and engaged audience. It has expanded exceptionally over the past several years and is now used four times more than it was two years ago!

Today it's a leading marketing tactic, is an essential part of corporate budgets and is a huge priority for brands wanting to establish a loyal engagement with customers.

We have gathered 2018's likely trends for influencer marketing and how both start ups and well-established brands can benefit from micro-influencers like Model Village's.

1. The continued rise of fashion models as influencers

Social Media has enabled fashion models to become powerful, every-day digital publishers who have a loyal and established following. Derived from sharing organic content and behind the scenes VIP moments, models are able to show a different angle than celebrities or macro influencers, connecting to their followers on a personal level. So whilst the continued rise of fashion models as influencers builds, so will the distinction between micro and macro-influencers. 

26.08.2017_AnotherSpace-73.jpg

2. Think micro not macro

Macro influencers and fashion supermodels such as Kendall Jenner and Gigi Hadid will always remain secure within their industry influence. Their huge following continues to rise on Instagram alone, with followers higher than luxury mega-brands such as Chanel and Louis Vuitton. However with such high-demand careers these super models often have low engagement as opposed to micro influencers, who are able to spend dedicated time towards curating their individual profiles and expressing their identity online, building higher engagement and reach.

gigi-hadid-supermodel-paid.jpg

In 2017 the rising success of influencer marketing continued to show through multiple market reports. Entrepreneur found for instance that 67 percent of marketers surveyed thought 'micro' influencer marketing campaigns helped them reach a more targeted audience.

When asked what marketers look for in influencers, a study by WWD reported that "75 percent said quality and authenticity of content; 70 percent said size of audience and social following, 64 percent said engagement, 56 percent said cost of influencer, and 53 percent said aesthetic."

These results reflect that whilst for some large brands celebrities and macro influencers suit their campaigns, for the majority the forward thinking strategy will be micro-influencer. Model Village's fashion model influencers present brands with the opportunity to create an aesthetic library of content, with a unique source of exposure to their hyper engaged followers.

MV_HYPE-47.jpg

3. Model agencies will become increasingly involved in helping models optimise their social channels

With such high demand and interest towards their social profiles, models are now more than ever sourcing advice to help grow their platforms and create a consistent thread of industry insight.

Model agencies are now providing social media training on things like "optimal posting times" and balancing the right management of activity. Ivan Bart, president of IMG models told BOF that he constantly reminds their talent to think about what they want to say through their social media, encouraging them to work with brands that help portray their personality. He says how models are now "brought up with 'THE' device in their hand and it’s a return of the supermodel.", showing a new generation of social media models and with a full support team behind them. 

Model Village works closely with all model agencies based in London, Paris and New York to ensure the content produced is of the highest quality and that a secure founding relationship can be established between brands and our influencers. 

26677822_1656387107733389_2581228985113951610_o.jpg

4. As influencer marketing investment increases, measuring KPI & ROI will become more vital

As brands develop their marketing strategy with influencers during 2018, correctly measuring results will become increasingly important to track success. Whilst large brands will source celebrity influencers, such as Coach's ongoing partnership with Selena Gomez, other brands will look to work with micro-influencers building upon engagement and reach.

Fashion models are now able to have a unique leverage across social media to source direct consumer feedback through their engagement data, comments and Instagram polls. This results with models providing a high-end, premium solution for marketing strategies that also provide brands with unique and otherwise unknown data.

Model Village's premium service also enables brands to view professional insights and analytics for each overall campaign and each individually published post including engagement metrics, reach and CPE. 

Increasing your budget for influencer marketing will be at its most successful when you've aligned your influencer strategy with your objectives. For inspiration, you can search the trending hashtag #MVModelMembers on Instagram and discover our #MVBabes and #MVBoys who actively inspire and actively engage with their followers, whilst building long-term relationships with brands. 

5. Brands and influencers will foster long-term relationships

Building upon this genuine reciprocal relationship helps encourage an organic promotion of a product or service and allows the audience to constantly be aware of upcoming events, brands and local experiences. 

Director of intelligence at L2 Mike Froggatt explains to DigiDaily how fashion brands will consisteintly need to continue building relationships with engaged influencers to help sustain their market identity in 2018. Quoting: “That’s the holy grail: relying on a stable of influencers that have a closer relationship with the brand. It benefits everyone to have a long-term relationship, not a series of one-offs.”

Dolce and Gabanna have already started establishing this relationship with their fashion models, as seen in their Spring/Summer campaign, they've included the handle of the models within their Instagram posts. Whilst most accounts normally just tag or comment a model's handle within a caption, once a photo is reposted that identity is often lost. It's a simple, but powerful way forward to establish long-term relationships. 

6. Instagram will continue to grow

Instagram continues to grow and evolve in popularity. Their Stories feature alone has surpassed 100 million daily active users in just two months. It is therefore safe to predict a growing value interest in real time activity on such social media platforms.

The mainly mobile photo sharing network had reached 800 million monthly active users, up from 600 million in December 2016. The app is one of the most popular social networks worldwide. At its current rate of growth, Instagram is set to exceed highly successful user activity satistics in 2018. Not only are people actively involved in learning about experiences near them or shared interests, they are also growingly engaged within influencers' lifestyles establishing a constant growing community.

Instagram therefore will definitely remain a discoverable place for influencers to effectively and easily create and share engaging content, so the Instagram influencer market will continue to grow and evolve. Check out this infographic from MediaKix and see for yourself how Influencer Marketing is set to flourish in 2018.

Instagram-Influencer-Marketing-Infographic-Industry-Market-Size.png

One thing is for certain, influencer marketing will continue to blossom and boom over 2018.

With fashion models representing the new generation of online publishers, those with a small but loyal following will become the forefront focus for fashion brands wanting to expand their market creativity and exposure. 

Make sure your marketing strategy is in line with these 2018 insights and see if get in touch now to discuss how Model Village's influencers can help promote your brand's identity today!