Influencers Are Being Paid Big Sums To Pitch Products and Thrash Rivals on Instagram and YouTube (wired.com)
"Influencers" are being paid big sums to pitch products on Instagram and YouTube. If you're trying to grow a product on social media, you either fork over cash or pay in another way. This is the murky world of influencing, reports Wired. Brands will pay influencers to position products on their desks, behind them, or anywhere else they can subtly appear on screen. Payouts increase if an influencer tags a brand in a post or includes a link, but silent endorsements are often preferred. An excerpt from the report: The suggestions started early. Months before Lashify had officially launched, one of her investors, who had ties to the cosmetics industry, pulled her aside. He told her to prepare to pay influencers to speak positively about her lashes on YouTube and Instagram. She thought he was being dramatic. He wasn't. Lotti recalls the investor saying that if she wanted Lashify to succeed, quality didn't matter, nor did customer satisfaction -- only influencers. And they didn't come cheap. She was told to expect to shell out $50,000 to $70,000 per influencer just to make her company's name known, an insane amount for a new startup. There was no way around it; that's just how things worked.
Next you'll be telling me that celebrities doing product endorsements aren't genuinely enthusiastic about the products and are just doing it for money.
My faith in the purity of ad content is shaken to the core.
This sounds like extortion for the digital era. What's left unsaid, but clearly implied, is that if you don't fork over big money to influences, your product will be trashed.
I am sitting here on my amazingly comfortable B&B Italia sofa, casually reading Slashdot while I enjoy a delicious Jimmy Johns sandwich with a Diet Cherry Pepsi. But I have to say - I simply can’t believe anyone would behave this unethically. From the tip of my Stetson hat to the heels of my Doc Martin shoes, I am 100% convinced that people, left to their own devices, will only recommend products they use and love.
- Typed on my 12.9” iPad Pro
#DeleteChrome
She was told to expect to shell out $50,000 to $70,000 per influencer just to make her company's name known, an insane amount for a new startup. There was no way around it
At that kind of rate, knowing you would need at least a few "influencers", what I would do instead is build up my own cadre on influencers - find some kids just starting out YouTube with some makeup sense and make them offers for recording gear and a lot of makeup and vastly less cash.
The idea that you need to pay a series of influencers $80k each comes off as really seeming like a scam. Sure at the top level the elite of YouTube are truly influencers - but at the mid tier where you would pay $80k? I don't think so.
Read this great summary of someone that tried to use middle-tier YouTube celebs to drive sales. It did not work at all. Granted it was a different field but the approach seemed sound given the assumption that YouTube videos really influence people.
"There is more worth loving than we have strength to love." - Brian Jay Stanley