Influencer Marketing
Influencer marketing budgets are expected to rise among 65% of marketers in 2019.
Whether you’re an influencer helping to sell a product - or a business looking to utilize an influencer’s help, the FTC (Federal Trade Commission) should absolutely be on your radar.
The FTC is a federal agency with one goal in mind: preventing unfair competition (which includes advertising and marketing). So how does this trickle down to influencer marketing?
If you are a business owner
No matter how small you think you may be, the FTC still applies to you! If you use influencers to market your product and/or services, then in your agreement make sure to require your influencer to disclose the advertisement.
If you are an influencer
Make sure that you are making the proper disclosures when you are endorsing products and/or services on social media per the FTC’s guidelines.
If you have an endorsement contract/agreement with the business you are working with (which you always should!) make sure to adhere to any disclosure requirements. If there’s no section specific to this, *disclose anyway* to protect yourself.
Questions? Ask an FTC expert.
*Disclaimer* This post is strictly for general informational purposes only and is not intended to constitute legal advice.