Instagram has traditionally dominated the influencer marketing industry.
According to a study by Influencer Marketing Hub, 79 percent of brands in a survey said they predominantly go to Instagram for influencer campaigns. This is compared to 46 percent who go to Facebook, 36 percen who go to YouTube, and 24 percent who go to Twitter.
Social media is continuously evolving, of course, as are the trends and tastes of its users. In 2019, creative short-form video was the name of the game, and TikTok the platform that everyone was talking about.
With its selection of editing tools -- including copyright-free music, soundbites, filters, and AR effects -- TikTok has naturally borne a more stylised and slick style of content; designed to truly entertain rather than to portray a lifestyle that people want to emulate (or buy into). Now with TikTok now surpassing one billion global downloads, brands are naturally trying to tap into the platform's influencer opportunity.
So, what's coming in 2020?
Instagram will remain the preferred platform for influencer marketing but maybe TikTok will start to take some of their market share.
According to a recent report, TikTok analytics has surpassed 1.5 billion downloads around the world. When you compare social media apps, only WhatsApp and Facebook Messenger have more downloads. That's an amazing feat for an offering that debuted in the international market in September 2017.
Next year, expect TikTok to continue its meteoric rise thanks to its aggressive marketing campaigns and investment in geographic expansion. This is the platform to watch in 2020 for a number of reasons.
- To support its growth and continued geographic expansion, TikTok is adding to its offices in London and Mountain View (CA) and recruiting talent directly from top technology companies.
- However, for all of its hype, TikTok is not without some controversy. It has been using popular videos submitted to its platform as part of its ongoing, external promotional campaign without informing or compensating the creators.
- More recently, the app has been drawing increased scrutiny from US lawmakers who worry that it could constitute a national security threat. TikTok is now reportedly considering a rebranding effort to de-emphasize its origins as a Chinese company.
- While other platforms attempt to catch up with formats such as Facebook's Lasso and Instagram's Reels, TikTok is still likely to be an attention grabber in 2020.
Niche influencer content
TikTok started out as Musical.ly -- an app that largely featured teens lip-syncing to their favourite songs. In its reincarnation, TikTok still heavily revolves around music, but its content has expanded to a variety of niche interests including comedy, dance, beauty, and sport. An interesting element of the platform is that the best, most creative, and entertaining videos tend to generate the most reach, making the barrier to entry (for influencers) higher than platforms like Instagram and YouTube, where follower-size or fame hold more value. Another difference is that TikTok does not care who knows who on the platform, instead focusing on the content that people enjoy.
Consequently, rising influencers on TikTok are typically chosen for what they produce rather than the size of their following. This is the case at the moment, anyway, but it could change as the platform continues to grow.
