‘The Producer Economy’ refers to the evolution of influencer marketing and companies opting to take control and become their own ‘influencers’. They will have more control over messaging, and the same messaging can be taken through the entire brand journey and not necessarily only social media.
This is a natural
progression as there must be a lifecycle to an influencer campaign. I am not saying bringing in influencers is
not a great strategy, because it is.
The role of an influencer
is to create brand credibility, but the secret is to do it in a way that is
authentic to the influencer, using a tone that the person uses to communicate
with their specific community. Hence the influencer should have some say in the
way the message is portrayed. Macro,
micro and celebrity influencers are extremely important and make a great
difference. As a PR agency we have seen
huge successes, but this cannot be seen as a ‘forever’ strategy. Hence the introduction of The Producer
Economy and this is where PR agencies can be extremely valuable. It is the role of PR to use the goodwill
generated from an influencer campaign and integrate into corporate and brand
messaging.
The Brand being its own
‘influencer’ has numerous benefits.
Creating its own messaging, the distribution of such (what platform to
use including email, OTT, TV and anything else) and the speed with which it can
be changed or built upon. Companies also
believe this is the ‘safest option’ and can prevent any backlash from an
influencer or the way the messaging is portrayed.
It is all about greater
control. However, here is a
caution: Influencers attract attention
because of who they are and brands on their own can be passed by as ‘just
another ad’.
The best advice we can give
– combinations!
·
The Producer
Economy is a natural progression in the world of the influencer – a good
strategy!
·
Using
influencers, whether macro, micro or celebrity in campaigns is essential – they
are invaluable and create instant awareness.
·
Create
partnerships! Use an influencer image,
quote, meme and build your own story around it between campaigns and for
continuity!
·
If budget
allows, use multiple influencers
The landscape out there is
cluttered! Extremely cluttered and very
busy!! Being your own creator is hard work and needs extremely creative thinking! No sooner has one brand managed to get heard
above the clutter and the competitor takes it that one step further. Influencers can be heard above the clutter!
And finally, ALWAYS bring
in the creative PR team. After all, a
PR’s job is to tell stories.
·
An
interesting stat: Brands spent over $6.5
billion in 2019 and this doubled to $13.8 billion in 2021. (report compiled by
Statista)