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CREATOR ECONOMY

Creator content marketing is a powerful vehicle for driving impact

By our News Team | 2023

Advertisers are finding tremendous success adding it to their marketing mix alongside studio content advertising, says IAB.

The Interactive Advertising Bureau in the US recently released its first research report on the creator economy advertising opportunity. 

 

Titled ‘The Creator Economy Opportunity: Where Authenticity Meets Impact’ and conducted in partnership with research agency Talk Shoppe, it offers an examination of the evolving consumer purchase journey, how buyers can leverage the creator economy in their media budgets, and where creator content fits in the media mix alongside studio-produced content.

Creator Economy

Photo by Ron Lach from Pexels

“Creator content marketing is a powerful vehicle for driving full-funnel impact, and advertisers are finding tremendous success adding it to their marketing mix alongside studio content advertising,” says Jack Koch, Senior Vice President for Research & Insights at the IAB.

 

“This report helps marketers more deeply understand the opportunity, and how best to activate campaigns leveraging creator content. As more advertisers see real success with creator marketing, those who haven’t invested yet risk falling behind.”

 

Creator content inspires action

 

  • After tracking over 1,000 consumer purchase journeys, the report found that advertising alongside creator content can accelerate the purchase funnel – collapsing the awareness, interest, and consideration stages.
  • 39% of consumers are watching more creator content than a year ago vs. just 22% watching more studio content.
  • Creator content sparks action: compared to studio-produced content, after watching creator content, consumers were significantly more likely to search for additional content about the topic and interact with the content by liking, commenting, or subscribing.

 

Advertisers: Quality is in the eye of the beholder 

 

  • 89% of advertisers feel positive about creator content advertising, and 92% consider it a high-quality channel.
  • 86% of advertisers say it’s easy to move ad budgets to creator content, and this trend is on the rise. 44% of advertisers plan to increase their investment in creator content in 2024, with an average increase of 25%.
  • Nearly 90% of advertisers use the same KPI metrics across both creator content and studio content, and 86% of advertisers have confidence in the ability to measure the effectiveness of creator content campaigns.

 

“The creator economy, valued at US$250-billion this year by Goldman Sachs, is expected to nearly double to $480-billion by 2027. Savvy marketers know that they need to reach their customers in content that resonates with them,” says David Cohen, CEO of the IAB. “There is no doubt – creator content is now a vital part of the mix.”

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    Dr Kin Kariisa

    Group CEO - Next Media

    Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
    With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
    Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.

    Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.

    Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.

    • Other current and previous roles played by Dr Kin Kariisa:
    • Lecturer of e-Government and Information Security to graduate students at Makerere University, Kampala and Radbond University in the Netherlands
    • Director of Eco Bank Uganda Limited, one of the largest banks in Africa
    • Chairman of the National Association of Broadcasters, an umbrella industry association for all Television, Radio and online broadcasters in Uganda.
    • Chairman of Board of Directors of Nile Hotel International, that owns the leading hotel in Uganda, Kampala Serena Hotel.
    • Chairman of Board of Directors of Soliton Telmec Uganda, the leading telecom company in Optic fibre business managing over 80% of optic fibre in Uganda.