Case Study Fyre Festival

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Centennial College *

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715

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Marketing

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Feb 20, 2024

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pdf

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4

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23-M Comm and Media Planning Case Study - Fyre Festival Submitted by Basil Jose Student ID- 301289225 Instructor - Jeffrey Bray Centennial College
1. The benefits of influencer marketing related to communication are as follows: Influencer marketing has many benefits when it comes to communication. One major benefit is that influencers are trusted by their followers. When influencers recommend a product or service, their followers see it as a genuine endorsement, which makes the communication more believable. This trust can affect consumers' decisions and how they view the brand. Another benefit is that influencers have a large following and can reach a lot of people. By partnering with influencers, brands can spread their message to a larger audience compared to traditional marketing methods. This helps increase brand awareness and reach more potential customers. Influencers are also known for being genuine and relatable. They create content that resonates with their audience and share their own experiences and opinions. When brands collaborate with influencers, they can tap into this authenticity, making the communication more genuine and engaging. Consumers connect better with messages delivered by influencers they trust and can relate to, which strengthens the relationship between the brand and the consumer. Also, influencer marketing allows targeted marketing by partnering with specialized influencers who reach the desired audience effectively. 1. The dangers of influencer marketing related to communication are as follows: Influencer marketing has emerged as a powerful tool for brands to reach their target audiences and promote their products or services. However, there are several dangers associated with this marketing strategy. One primary risk is the lack of control over the communication process. Brands often rely on influencers to create content that aligns with their values, but influencers may have their own agendas or may not fully understand the brand's core values. This can lead to miscommunication and misrepresentation of the brand's image, potentially damaging the brand's reputation and confusing consumers. Additionally, influencers have a significant influence on their followers and can shape their opinions and behaviors. While this influence can be beneficial, there is also a danger of unethical
or misleading communication. Influencers may promote products or services without proper disclosure, blurring the lines between genuine recommendations and paid promotions. This lack of transparency erodes trust and credibility, not just for the influencer but also for the brand. Maintaining transparency and ethical practices is crucial to avoid negative perceptions and maintain consumer trust. Another danger lies in the potential mismatch between influencers and the brand's target audience. Brands often focus on metrics like follower count or engagement rates when selecting influencers, without considering whether the influencer's audience aligns with their target market. This can result in ineffective communication and a failure to resonate with the intended audience. Thorough research and consideration of the influencer's audience demographics and interests are essential to ensure effective communication and engagement.
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Reference: Simplilearn. (2021). What are the Benefits of Influencer Marketing? Simplilearn.com . https://www.simplilearn.com/benefits-of-influencer-marketing-article Iurillo, O. (2019, July 11). 6 Dangers of Influencer Marketing . Social Media Today. https://www.socialmediatoday.com/news/6-dangers-of-influencer-marketing/558493/