Influencers are rising, but companies in a fix over their fake followers
According to a report by The Economic Times (ET), many companies are struggling to verify the authenticity of these influencers as a large number of their followers are fake. India currently has over 80 million social media influencers, and it is making the task more difficult.
ET cited a report by tech platform Klug India to state that over half of social media influencers in India have more than 60 per cent inactive, non-credible followers. These are buying fake followers, synthetic bots and fake human farms to boost their following.
Mayank Shah, senior category head at biscuits and confectionery products maker Parle Products, was quoted in the report as saying that the number of influencers is the main factor that is taken into consideration while choosing an influencer.
“While other parameters like target group relevance also matter, the first criteria brands look at is the number of followers,” he said.
“Given that influencer marketing is growing into a large market, the possibility of fraudulent followers is a big problem. Beyond cost, there stands to be significant risk on brand reputation,” Shashank Srivastava, senior executive officer, marketing and sales at Maruti Suzuki, was also quoted as saying by ET in the report.