KF35

docx

School

Eastern Gateway Community College *

*We aren’t endorsed by this school

Course

201_702

Subject

Marketing

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by anaelibaldor

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Social media influencer marketing sees less oversight than many other types of marketing, and thus it tends to display some unethical marketing traits. In particular, smaller-scale influencers, whose posts only reach thousands rather than millions, are subject to very little scrutiny over their paid posts. Influencers on Instagram are expected to use the "#ad" designation in any sponsored post, but not all do, and even less do so at the beginning of posts to make sponsorships clear. The potential for deception is very high in social media posts, especially when consumers aren't aware they're being marketed to. The aspirational aspect of many influencers' feeds targets their followers to purchase the products they claim to use, but the potential for deception is high. The products they market may not be something they use, may not be quality items, and may not consider their audiences; for example, an influencer with many underage followers would make a poor choice in promoting a gambling product or an alcoholic product. The lack of honesty and authenticity in much influencer marketing has been dangerous, especially to the young women who follow aspirational influencers. A particularly infamous example of dishonest and irresponsible influencer marketing was the 2017 Fyre Festival, which was promoted in paid Instagram posts by several of the best-known social media influencers. The models involved were filmed at a beach location where the festival did not actually take place, and that footage was spliced together with stock footage of music festivals, promoting a high-end festival for which little had been planned and nothing secured. Would-be festival-goers, enticed by the glamorous advertising and the influence of the models who were promoting the event, purchased tickets and prepaid cashless accounts for an event at a site that was being pulled together after they arrived, where the accommodations were nothing like promised, to see performers who had already declined to perform. Not only was marketing for this event dishonest and lacked transparency, it was irresponsible of the influencers who were paid to promote this fraudulent event to participate in marketing without paying attention to its basis in reality. Overall, the marketing for the event displayed poor citizenship, as the nature of the event did not fulfill its responsibilities to any of its stakeholders, with organizer Billy McFarland eventually facing many lawsuits and federal charges for fraud (U.S. Securities and Exchange Commission, 2018). References U.S. Securities and Exchange Commission. (2018, July 24). Press release . SEC Emblem. https://www.sec.gov/news/press-release/2018-141
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