; This Is How Much Money Fake Instagram Followers Are Costing Advertisers | Betches

This Is How Much Money Fake Instagram Followers Are Costing Advertisers

Instagram is f*cking crazy. Even though this app malfunctions on a broad scale every damn week, it’s still incredibly lucrative. Kylie Jenner earns over a million dollars just for one post, so it’s no surprise that these days, everybody wants to get a piece of the pie. But that’s lead to some pretty crazy strategies by wannabe influencers. For instance, there are users who will buy themselves a product and post a picture with it indicating they received it for free or are working with the company. There are also people who will take the farce one step further and buy robot followers who will like and comment on their posts, all in the hopes of getting that sweet, sweet #ad money. And, while this is so hilariously try-hard and silly, it can actually have bad consequences—mainly for the brands who advertise with these influencers. That’s because a new report from Cheq, a cybersecurity company focused in digital media, found that fake followers and likes cost advertisers $1.3 billion this year alone.

And let me just say: ha. Hahahahaha.

This is a huge amount of money, which Cheq says they concluded “through an analysis of its own data, a review of services that exist to provide fake social media engagement, and research and surveys on the subject.” So, let’s trust them that this $1.3 billion figure is accurate. That’s a lot of money being spent on which brands are not getting a return on their investment. These findings are not entirely new—an April 2018 study found one advertiser paid an influencer whose following was made up of 78% percent fake followers (that unlucky advertiser was the Ritz-Carlton). That same month, a report from Launchmetrics found that mega influencers (ones with 501,000-1.5 million followers) were less valuable to advertisers than micro influencers (those with 10,000-100,000 followers). That could be in part because having a smaller community that’s more engaged is more valuable than having a large passive community. So it’s been clear for a while now that fake followers pose a problem to advertisers and can cause them to lose money (or just not efficiently recoup their spending).

But, should any of us really feel that bad that large companies like the Ritz-Carlton are losing money on Instagram?

Most millennials who can work their way around an Instagram account can figure out when an account bought followers. (It’s really not that hard—do the likes and comments they get on a post match up with the number of followers? If not, they’re likely fake.) Insta Single, who runs a meme account with 4.9 million followers, claims he’s never bought fake followers but says he’s been approached to many times, adding, “it’s pretty simple tbh” to tell who has bought bots. “Certain genres have higher engagement percentages,” he explains. “If you’re in a genre with a 5-15% engagement average and you’re hitting 1-2%, it’s kind of obvious lol. I don’t want to name names, but there are some big accounts with fake followers out there that are easy to spot.”

It can be tempting to buy followers as a quick fix to earning Instagram money, but when it comes to monetizing your account, it should really about playing the long game. For one, you can end up in a bidding war with other influencers at your level. But undercutting your competition because you know you don’t have the followers to back it up will often turn around and bite influencers in the ass. Insta Single, who recently started doing ads within the past 6 months, says, “One thing I noticed is that if someone beats you on a price, the company will always come back when the account produces a low amount of engagement.”

Popular memer Slutty Puffin, who runs an account with 169k followers and also works in brand research, echoes the sentiment that buying followers isn’t worth it in the long run. “It makes me feel bad because people have lost sight that having a smaller group of more engaged followers is the real goal (for advertisers and in general).”

And it’s not just influencers that are duping people by buying bots, he says—brands are doing it too. “It’s funny,” he says. You ever see a random clothing company on your explore page that you’re sure is a scam until you check out their profile and are surprised by how big their following is? Yeah. It works both ways, says Slutty Puffin. “I have seen people be like, ‘What is this stupid company… oh actually they have 60,000 followers maybe they are legit.’ The power of follower affirmation is very real.”

So why are people buying fake followers in the first place? In short, to get their accounts off the ground. Like Slutty Puffin says, just having a few thousand followers can give an account a sense of legitimacy, even if it’s false. And the idea is that once you buy a few fake followers, it will get the ball rolling and you’ll get real followers. “I think the majority of people are using the boost in followers as a fake-it-till-you-make it strategy,” Slutty Puffin explains. “But if your content is good you should be able to connect with followers and potential followers in a real way.”

And you’d think that if a company was preparing to drop big bucks on influencer marketing, they’d do their research. In reality, it depends. Some brands approach Slutty Puffin for a one-post-and-done deal. Those types of brands may be less likely to have vetted their partners—smaller reward, smaller risk. But even with those types of deals, buying followers can still backfire, since a brand that doesn’t get its ROI would be unlikely to work with an influencer/account again, and that influencer may also earn a reputation that would dissuade other brands from wanting to partner. But, Slutty Puffin finds, “Most clients will ask for metrics on the ads they run, most likely to navigate these types of pages that have fake followers.”

But the best way to avoid fake influencers might be to seek out long-term relationships with advertising partners as opposed to one-off posts. Slutty Puffin says that he is beginning to see more clients who want a true ROI on influencer spending. “Companies (especially startups) are over sending their stuff out for free with no return,” he says (though the proliferation of FashionNova posts by every Kylie Jenner lookalike on Instagram seems to say otherwise).

There’s no doubt that the Instagram landscape is changing, and advertisers need to adapt. Slutty Puffin advises, “I think advertisers need to get smarter about working with influencers who understand the complete vision for the brand they are selling and how to incorporate it into their account in a real and meaningful way,” and not just throw money at people with a large following who don’t care about the product they’re shilling. He adds, “I feel brands should pay more for ongoing, deeper relationships with influencers that actually know their stuff.” At the end of the day, it’s about loyalty and accountability—which, ironically, should be what the influencers are trying to cultivate amongst their followers, too.

Images: Maddi Bazzocco / Unsplash; exce11s, fputerana777 / Twitter