This content originally appeared on HackerNoon and was authored by Ksana Liapkova
Influencer advocacy has never lost its power. The popularity of social media and the development of digital platforms transformed how we consume fashion and how brands connect with consumers. A forecast conducted by The Business Research Company shows the fashion influencer marketing market should grow from $4.55 billion in 2023 to $6.17 billion in 2024. This compound annual growth rate of 35.7% marks the influence of digital creators in shaping the fashion industry.
How Influencers Drive Fashion Sales
Data from ConvertSocial, a leading affiliate network, highlights some trends to consider while planning influencer promotional programs:
Significant Sales Volume Through Social Media
Fashion sales made through affiliate marketing on social media and messaging platforms increased by 50% in 2023. This shows the impact influencers have on consumer buying behavior. Social media is still a great tool for brand promotion even though conversion rates under influencers’ posts have dropped slightly.
Ready-to-Wear and Fit All
Nearly 50% of all fashion orders through social media and messaging services on ConvertSocial were accessories. The appeal of easy-to-buy and trendy items is what influencers love to promote. Online shoppers gravitate towards affordable items that don't require a fitting, which ensures their purchase is a win.
\ Additionally, 19% of all generated fashion orders included underwear, while 8% were for shoes. These prove consumers are no longer afraid to buy intimate items online after influencer endorsements. For shoes, a fast shipping and easy return process is still crucial for high sales.
Gender Split Reflecting Clothing Orders
ConvertSocial noted women's clothing orders through social media are 135% higher than men's. This is why a female consumer base engages with fashion influencers much more for style inspiration and purchase advice. We can see spikes in engagement and popularity of haul videos and get-ready-with-me formats, even among very young influencers.
The Stable Role of Influencers in Fashion
Fashion influencers aren't just trendsetters; they're essential for connecting brands with consumers. At ConvertSocial we noticed several key trends brands should look at.
Genuine Advocacy
Authenticity is important in today's sales. Consumers can easily spot insincere promotions, e.g. while looking for shop reviews that do not match influencers words. Influencers who genuinely believe in brands and use recommended products are far more effective. This need for genuine advocacy means influencers must align with brands whose values they share and products they truly support. Authenticity will build trust and loyalty among followers, translating to higher engagement and conversion rates.
Rise of Micro-Influencers
While influencers with big names and millions of followers are still needed, there's a growing trend towards micro-influencers—those with smaller, but highly engaged audiences. Micro-influencers often have closer, more personal relationships with their followers, leading to higher trust. Their engagement with niche audiences can deliver remarkable ROI for brands, making them invaluable partners in influencer marketing strategies.
Long-Term Partnerships
The shift towards long-term partnerships over one-off deals is another trend to watch. Brands and influencers working together over extended periods can create consistent messaging and campaigns. These longer collaborations allow influencers to tell more comprehensive brand stories that connect on a deeper level with their audience. For brands, it means building a more reliable and influential advocate for their products.
Shoppable Content
The integration of shoppable content is transforming how consumers interact with online ads. Influencers are creating more content that allows followers to purchase items directly through social media posts or videos. This shopping experience reduces friction in the purchasing process, driving higher conversion rates and enhancing the overall consumer experience.
\ In this dynamic vertical, fashion influencers should leverage platforms like ConvertSocial to build meaningful collaborations with top brands. These platforms not only over a standout of affiliate programs, but also strengthen brand relationships, which fuels growth.
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This content originally appeared on HackerNoon and was authored by Ksana Liapkova
Ksana Liapkova | Sciencx (2024-08-07T15:00:29+00:00) The Power of Influencer Advocacy in the Fashion Industry. Retrieved from https://www.scien.cx/2024/08/07/the-power-of-influencer-advocacy-in-the-fashion-industry/
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