BANJO influencer marketing is where those with a large social media following ‘Bang Another iNfluencer Job Out’ in return for quick money without any affinity for the brand that’s sponsoring the content. Their days are numbered as the discipline becomes more results focused.
Though the industry is starting to self regulate BANJO influencer marketing is alive and well. BANJO influencers are those prepared to ‘Bang Another iNfluencer Job Out’ in return for quick money, or free stuff without any affinity for the brand that’s sponsoring the content.
BANJO influencers are a social media phenomenon who are prepared to work with brands as ‘advertising billboards’.
They take part in overly brand-scripted, overly brand-managed paid-for content ultimately succumbing to marketers’ instructions: “Here, read this out to your followers, hold this product up for the camera. Better yet, just cut and paste this message.”
Scott Disick was the prime example of this. But there are plenty of others. The recent Elle Darby example demonstrates there are still influencers prepared to pimp out their followers’ social media feeds in return for payment, be it financial or in kind - in the Darby example, for free accommodation.
When you forego building and nurturing a relationship influencers simply don’t care as much. This can end in a lose-lose situation for client and influencer.
Brands hire BANJO influencers because they don’t know any better. They become seduced by the influencer’s large following - and the theoretical reach that their branded messages are promised to benefit from.
Yet, reach and impression numbers fall into the category of vanity metrics. They aren’t reliable engagement indicators. Neither are they a proxy for click-through rates and conversions.
At its core influencer marketing should drive action not only awareness. Being popular isn’t the same as being influential. Gaining large numbers of followers, impressions or visitors doesn’t necessarily translate into greater influence.
Reach and engagement is easily manipulated by the unscrupulous as the recent New York Times expose of Devumi demonstrated.
For marketers it’s much easier to sell-in an influencer to a brand based on ‘reach’ and impressions than it is to develop long-term, mutually rewarding relationships between creators and brands. The latter takes commitment, relationship-building skills and a more considered approach towards metrics altogether.
It also means acknowledging that, without consistent engagement, the yardstick of reach is largely a myth. This is particularly bitter medicine for marketers to swallow given that many have been banging the reach drum for the last five years or more.
Many influencer marketing self-serve, plug-n-play platforms perpetuate the BANJO phenomenon. They connect brands with influencers by a sharing creative brief with target influencer groups and awaiting bids without demonstration of brand affinity or tone of voice or any prior working relationship.
Influence is accretive. It evolves. It strengthens over time. Influence can’t be built on one-time visitors, but over time visitors become ever more engaged with content. More invested in thoughtful brands.
Influence is derived from credibility which stems from authority. The more often a visitor returns to a social profile the more they will trust what you have to say.
Savvy brands and influencers alike look to forge fewer, but more meaningful relationships with each other. One-off campaigns have long been replaced with longer, often episodic, co-created content which mines deep insight and understanding about both the interests of the target audience and knowledge of the brand’s product or service.
Finding the right fit between brand and influencer transcends follower numbers and includes shared values, tone of voice, future aspirations and genuine advocacy by the influencer for the brand.
The cost of implementing influencer marketing work will rise in 2018. With increased influencer marketing spend comes a greater need to demonstrate value return on investment. Accurate data and robust, independent campaign performance evaluation, along with industry benchmarking, will become a fundamental part of the influencer marketing campaign planning process.
Influencer audiences will increasingly demand higher-quality sponsored content from the creators they follow, too.
A commercial imperative for tangible results from brands alongside influencers’ audiences heightened demand for high-quality content will force a maturation of the influencer marketing industry. Social media influencers who produce thoughtful, creative sponsored content will do well in the new results-driven era of influencer marketing. BANJO influencers will need to find new careers.
Scott Guthrie works with companies to drive business growth in the social age through strategic insight and technical know-how. That's not giving you a lot of detail, is it? So, read more here.