Quiz Clothing: How Social Media and its Influencers Are Driving Fashion
Date Posted: Tuesday 15th May 2018
Digital marketing agency Mediaworks has shared a report by Quiz Clothing on how social media and its influencers are driving fashion in today’s society with DIARY directory.
As our dependence on social media grows, and it becomes more integrated into our lives, we’re becoming more influenced by what we see online than ever before — especially when it comes to fashion. In years gone by, fashion was presented to us through glossy magazines and catwalk shows. Through these controlled channels, fashion was kept exclusive, determined by designers and magazine editors. Fast-forward to 2018 and it’s a very different story.
A New Market
No longer do fashionistas rely on the latest issue of Vogue to tell them what’s hot this season. It’s all about social media — what products are online retailers pushing this season?
On a whole, millennials are thought to be less trusting of traditional forms of advertising — often perceived to be over-planned and misleading. In the world of fashion, this means that magazines and advertising campaigns don’t have the influence that they once did — they’re now seen as quite distant from the reader as many are aware of the editing that goes on behind one shot. Instead, peer recommendations are more valuable and accessible than they once used to be. Of Instagram’s total audience, 200 million users follow at least one fashion account. 45% of Instagram users in Britain say they follow these fashion accounts to gain inspiration for looks they can buy or create themselves. Sharing their own looks is a part of this process too, with #fashion mentioned a huge 13 million times a month and #ootd (outfit of the day) featuring in 140 million posts to date.
Many of us are used to reading user-generated reviews about an experience or product before making a purchase now. In fact, research found that 71% of people are more likely to make an online purchase if the product or service has been recommended by others. In addition to this, 84% of millennials are likely to be influenced into making a purchase based on the user-generated content by strangers who have experienced the product or service.
With this in mind, it’s no surprise that so many fashion brands are centring much of their marketing strategy around Instagram — and indeed digital avenues more widely. Even luxury brands — that once shunned social media for fear of it cheapening their image — are jumping on the digital bandwagon. While 72% of luxury fashion brands’ marketing spend is still attributed to print marketing, digital is quickly gaining pace — reaching a total digital ad spend of $100 billion in 2016.
Increased Brand Involvement
Social media allows fashion companies to interact with their customers on a level that they could never do previously. Founder and editor in chief of independent publication, the Business of Fashion, Imran Amed, says: “The one thing that has changed dramatically in recent years is the direct relationship brands now have with their consumers. In this new hierarchy, the consumer has the ability to amplify or negatively impact on business, through sharing positive or negative responses.”
One example of this is fashion shows. Once an exclusive event for the elite and top names in fashion, many shows on the catwalk can now be viewed live by millions. Access to the designers’ latest fashion lines was often something that we could only hear about through magazines and the press. Now however, we can keep up with the latest through monitoring the content attached to a hashtag.
Instagram has become a platform for fashion brands to connect with their audience directly, rather than through a catwalk show or print advertising campaign. This encourages brands to think more about ‘real’ people, with different bodies, skin tones and fashion preferences — it’s opened a whole new world for fashion marketers.
Now, Instagram users can shop directly through the channel. Brands are able to tag products in their posts which can then lead users to a point-of-sale. Early adopters of this, such as Natori and Magnolia Boutique, have already found that traffic and sales from Instagram have increased after implementing the shopping service.
Another successful tactic used by fashion brands that are active on social media is encouraging people to post photos of themselves wearing the clothes. This is another form of user-generated content and it allows others to see what the outfit looks like on real people. In some cases, users are given the chance to feature on the main social media page.
The Role of the Influencer
Generating a wider conversation around a brand is important and one reason why many fashion brands have incorporated influencer marketing into their digital strategies. The influencer economy of Instagram alone is valued at $1 billion and 94% of businesses said influencer marketing was an effective campaign strategy.
Influencer marketing involves working with influential personas — for example, a blogger or user with a high social following — to increase awareness of a brand or influence the purchasing patterns of a target audience.
For example, Adidas recently unveiled supermodel Kendall Jenner as its new Adidas Ambassador. With a total Instagram following of 89.2 million compared to Adidas’ 19.2 million, the partnership will significantly increase Adidas’ social reach and position the brand in front of Jenner’s younger fashion following.
From a consumer perspective, influencer content is almost like a recommendation from a friend. Seeing the people we admire or look up to wearing a particular outfit or using a certain product is a vote of confidence in a brand that makes us more likely to purchase the particular product or interact with the brand in the future. This sense of community is something that brand accounts struggle to deliver; a third-party is needed to validate the products for consumers.
For maximum benefit, an influencer’s followers should be closely linked with a brand’s target demographic. Influencer relationships can be expensive, so the associated spend needs to be justifiable — yet doing so can be problematic for fashion brands, when you consider the difficulty surrounding success measurement.
Whether brands are able to gain a clear-cut measure of influencer marketing success or not, there’s no denying that building these relationships does ultimately benefit fashion brands, through either increased exposure or sales.
Research found that 5% of the influencers that were offering product recommendations were driving 45% of social influence.
As we can see, social media has changed the face of fashion as we know it. We’re now more connected with our brands than ever before and are proud to publicly post about the names we love. With the implementation of Instagram shopping already changing the process of fashion retailing, who knows what the future holds?