There’s no denyÂing that social media has drasÂtiÂcalÂly changed the way peoÂple comÂmuÂniÂcate, shop and expeÂriÂence the world. But as conÂsumers look to social media and othÂer digÂiÂtal chanÂnels to disÂcovÂer prodÂucts, make purÂchasÂing deciÂsions and interÂact with brands, what types of conÂtent do they seek and trust most?
As it turns out, it’s not the conÂtent brands are spendÂing lots of monÂey to proÂduce, but the conÂtent conÂsumers themÂselves are creÂatÂing and sharÂing online every day — user-genÂerÂatÂed conÂtent (UGC).
StackÂla recentÂly surÂveyed 1,590 conÂsumers and 150 B2C marÂketers from the U.S., UK, and AusÂtralia, to uncovÂer the gaps that exist between the conÂtent conÂsumers want and what marÂketers believe they’re proÂvidÂing — the results of which should serve as both a warnÂing and an opporÂtuÂniÂty for marÂketers everywhere.
Authenticity has never been more important
Though it probÂaÂbly won’t come as a big surÂprise, ad-exhaustÂed audiÂences are increasÂingÂly lookÂing for authenticity.
A whopÂping 90% of conÂsumers said that authenÂticÂiÂty is imporÂtant when decidÂing which brands they like and supÂport — up from 86% in 2017. And marÂketers underÂstand how much authenÂticÂiÂty matÂters, with 83% sayÂing authenÂticÂiÂty is very imporÂtant to their brands, and 61% believÂing authenÂticÂiÂty is the most imporÂtant comÂpoÂnent of impactÂful content.
So just how authenÂtic and effecÂtive is the conÂtent brands are proÂducÂing? That depends on who you ask.
An overÂwhelmÂing 92% of marÂketers believe that most or all of the conÂtent they creÂate resÂonates as authenÂtic with conÂsumers. Yet the majorÂiÂty of conÂsumers disÂagree, with 51% sayÂing less than half of brands creÂate conÂtent that resÂonates as authentic.
How can marÂketers be so off-base when they clearÂly recÂogÂnize that authenÂticÂiÂty is what conÂsumers seek? The answer can be found in the types of conÂtent marÂketers view as authentic.
Marketers underestimate the authenticity and influence of UGC
User-genÂerÂatÂed conÂtent is viewed as the most authenÂtic form of conÂtent by conÂsumers globÂalÂly, with 58% of conÂsumers agreeÂing. MarÂketers are on a difÂferÂent page.
While conÂsumers are 2.4x more likeÂly to say UGC is most authenÂtic, when comÂpared to brand-creÂatÂed conÂtent, marÂketers are 2.1x more likeÂly to say brand-creÂatÂed conÂtent is most authenÂtic in comÂparÂiÂson to UGC.
HereÂin lies a cruÂcial issue for marÂketers — they believe that authenÂticÂiÂty is the most imporÂtant comÂpoÂnent of effecÂtive conÂtent, yet the conÂtent they perÂceive to be most authenÂtic — brand-creÂatÂed conÂtent — is not the conÂtent their audiÂences view as most authentic.
Beyond being seen as the most authenÂtic, user-genÂerÂatÂed conÂtent is also the most influÂenÂtial conÂtent conÂsumers refÂerÂence when makÂing purÂchasÂing deciÂsions. Most conÂsumers say that they’ve made purÂchasÂing deciÂsions based on user-genÂerÂatÂed visuÂals — 57% have made plans to dine at a parÂticÂuÂlar restauÂrant, 54% have purÂchased a conÂsumer packÂaged good and 52% have made plans to travÂel to a speÂcifÂic desÂtiÂnaÂtion based on a conÂsumer-creÂatÂed image or video.
GlobÂalÂly, 79% of peoÂple say user-genÂerÂatÂed conÂtent highÂly impacts their purÂchasÂing deciÂsions — up from 60% in 2017 — while only 13% say conÂtent from a brand is impactÂful, and a mere 8% say influÂencer-creÂatÂed conÂtent would highÂly impact their purÂchasÂing decisions.
The wanÂing influÂence of celebriÂty and/or influÂencer conÂtent is an indiÂcaÂtor that everyÂday conÂsumers’ trust in social media influÂencers has been shakÂen in the wake of numerÂous reports of fake and fraudÂuÂlent influÂencer behavÂior (we’ve all seen at least one of the docÂuÂmenÂtaries on the Fyre FesÂtiÂval at this point, right?).
But although conÂsumers find user-genÂerÂatÂed conÂtent 9.8x more impactÂful than influÂencer conÂtent, nearÂly half of marÂketers (49%) are planÂning to increase their investÂment in influÂencer marÂketÂing in 2019.
SeeÂing as the cost of influÂencer marÂketÂing can range anyÂwhere from $250 per InstaÂgram post to upwards of $500,000 per YouTube video accordÂing to DigiÂday, this may not be the most effecÂtive use of brands’ marÂketÂing dollars.
Marketers feel pressure to produce more content, but aren’t investing in the content consumers seek
The punÂishÂing pace of today’s news and techÂnolÂoÂgy cycle has deepÂened the conÂtent chalÂlenges of modÂern marÂketers. Now, not only do you need to proÂduce more comÂpelling and visuÂal conÂtent to break through in an increasÂingÂly clutÂtered landÂscape, but you also need to ensure that conÂtent is always fresh.
Half of the marÂketers say proÂducÂing or sourcÂing enough engagÂing visuÂals is a top conÂtent chalÂlenge, and 63% feel presÂsure to conÂtinÂuÂalÂly proÂduce greater amounts of conÂtent at a highÂer freÂquenÂcy. But the greater the demand, the more cruÂcial it is to priÂorÂiÂtize the conÂtent that’s going to be most effecÂtive at attractÂing and motiÂvatÂing audiÂences — yet, 67% of marÂketers are planÂning to increase their use of brand-creÂatÂed phoÂtos and videos in 2019, although only 15% of conÂsumers say that’s the type of conÂtent they most want to see from brands.
So what type of conÂtent do conÂsumers want from brands? You guessed it: UGC.
Fifty-six perÂcent of conÂsumers say the types of conÂtent they most want to see from brands are user-genÂerÂatÂed phoÂtos and videos — and they’re conÂstantÂly creÂatÂing them.
Consumers create the content they seek from brands
While marÂketers are increasÂingÂly strugÂgling to creÂate enough conÂtent, everyÂday peoÂple have become the world’s greatÂest conÂtent creÂators. The majorÂiÂty of peoÂple say they would post about a wide variÂety of posÂiÂtive brand and prodÂuct expeÂriÂences — travÂel to a desÂtiÂnaÂtion, dinÂing at a restauÂrant, using a new health and beauÂty prodÂuct or purÂchasÂing a new car.
And most are sharÂing these expeÂriÂences with the hopes that brands will notice, sayÂing they would not only welÂcome but reward brands for using the conÂtent they creÂate. In fact, 51% of peoÂple say they’d be more likeÂly to conÂtinÂue engagÂing with and/or purÂchasÂing from a brand if it shared their phoÂto, video or post throughÂout its marketing.
How marketers can bridge the content gap
In order to bridge these gaps in perÂcepÂtion, marÂketers need to move away from the expenÂsive and time-conÂsumÂing proÂfesÂsionÂal conÂtent they curÂrentÂly priÂorÂiÂtize and lisÂten to what globÂal conÂsumers have repeatÂedÂly declared throughÂout this report — the authenÂticÂiÂty and influÂence of user-genÂerÂatÂed visuÂals are what peoÂple seek, trust and act on most.
By strateÂgiÂcalÂly tapÂping into the conÂtent conÂsumers freely crave and creÂate, marÂketers can simulÂtaÂneÂousÂly solve their conÂtent proÂducÂtion and authenÂticÂiÂty chalÂlenges, while also reducÂing their costs and delivÂerÂing more relÂeÂvant, engagÂing and influÂenÂtial conÂtent expeÂriÂences for their audiences.