The global influencer marketing industry is one that has enjoyed exponential growth in recent years and is expected to reach $16.4bn in 2022. However, research shows people are engaging less and less with influencer content, with two-in-five Brits saying they have no faith in the products and services being promoted by them. Tired of being bombarded with ads and insincere paid content – the bottom line is consumers no longer trust influencers. A staggering 18.2m posts have been published to date on Instagram featuring #ad, illustrating the vast extent to which users are exposed to paid content on the platform.
The Room offers a solution to restore trust in this fragmented relationship by providing a marketplace which connects those with a profile to brands offering products and services they genuinely love. After registering with the platform, brands then create a brief with a reward attached – this could be in the form of a product or an experience, which is then advertised to the thousands of influencers who are also signed up to The Room. From a choice of over 4,000 opportunities, influencers can then contact the relevant brand and offer to share the product or experience on social media, simply in return for receiving it. This is an exchange free of transactional fees, and means influencers only post the things they are actually interested in using.
Alex Payne CEO and co-founder of The Room is available to provide commentary on the following topics:
The lack of authenticity in influencer marketing
Why financial transactions are devaluing influence
The importance of micro-influence
The factors that really influence purchase
Public sentiments towards influencer culture and social media
The shift from influencers to advocates
Founded in just 2017, their innovative and first-of-its-kind take on influencer marketing has already attracted the interest of widely recognised brands such as O2, Charlotte Tilbury, Mars and Odeon.Fundamentally, The Room is fighting against everything that is wrong with influencer culture, with brands historically trying to buy influence resulting in disingenuous content. The Room believes that this approach has created total distrust between influencers and the rest of society and is currently benefitting no one. When done right, however, it gives brands a way to weave their offerings into the social media experience which users log on for.
Not only is their method fixing a fractured relationship in society, but it has been proven to drive higher engagement rates. Proprietary research from The Room has also found that influencers are more likely to share more pieces of content when they have actively searched out the product or experience they’re advertising – further highlighting the benefits of this approach. Brands also have instant access to diverse advocates from A-list TV talent to macro and micro influencers, eliminating countless wasted hours of outreach on the wrong people, whilst also fostering relationships underpinned by love and not currency.
