Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order Order Kerney Whoalbury and a waddery woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on a wondery country, acknowledging the elders, the ancestors and the next generation coming through as this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today
and lasting impact for tomorrow. Let's get into it.
She's on the Money, She's on the Money.
Hello, and welcome to She's on the Money. It's just me Victoria coming into your ears today for another special Saturday episode. I have been adoring these, so don't expect them to stop anytime soon. Today's chat was sparked by a really intriguing article I read by Jess Graves at the love List titled the Rise of the Edfluencer, the
relatability Trap and what creators actually owe you. If you're curious to dive into the article yourself, you might hit a paywall, though there is a free trial if you are keen and you know what, that paywall is actually a perfect segue into one of the key points. Jess makes the reality of content creation as a business and how, just like any other profession, influencers and content creators need
to earn a living. She also dives into the wild world of influencer culture, shining light on the tricky type rope influencers walk between keeping it real and making bank. It's all about finding that sweet spot between being genuine and commercial. Plus, it raises the juice se question about whether influencers owe their audiences affordability in what they showcase. Do influencers need to keep things budget friendly or is it fair game to flaunt the finer things in life?
The article brought up a really good question for me. Is there a double standard in how we perceive transparency and sponsorships for influencers versus more traditional forms of media. Let's think about it. We don't bat an eye for a thirty second TV spot or a glossy magazine ad, but when an influencer posts a hashtag sponsored photo, suddenly
we're all saying, what a sellout. It's almost as if we expect influencers to work for free, even though we're okay with ads in every other part of our media consumption on their lowest plan. We're even happy for Netflix to feed us ads when we are already paying for that service. So why do we expect influencers to put hours and hours into producing content for us to con without having any monetary gain for that? Why do we hold them to a completely different standard to a personality
in a TV commercial. Personally, I think it's due to a few things. The first is a failure to recognize that being a person of influence on social media is actually a legitimate form of work. Influencers spend a massive amount of time creating content, shooting their photos, editing videos, writing their captions, getting their captions signed off by the brand that they're working with, and engaging with their audiences. It's a full time job. Often it involves really long
hours and significant personal investment. Just like traditional media professionals, influencers they need to earn a living, they need money. Yet there's still the lingering perception that social media content isn't quote real work, and therefore influencers shouldn't be compensated like traditional media personalities. Let's be real here, if we didn't have these influencers sharing their insights, their style tips and life hacks, our feeds would be a lot less inspiring.
It's time that we acknowledge that creating engaging, high quality content is a skill and it is actually a job. The second issue here is the entitlement we feel as their audience. This could be a spicier one to cover. There's this unspoken expectation that because we follow their journey and engage with their content, we somehow have a say
in how they should be operating their business. This entitlement can sometimes manifest in really negative ways, like when audiences expect influencers to provide valuable content for free, they criticize sponsored posts and demand personal details about their lives. And finally, there are the impossible standards that we seem to hold
influencers to. We expect them to be relatable and authentic, yet always accessible, but also somehow perfect when it comes to their lifestyle choices, that they should showcase affordable products while also living a life of luxury that many aspire to. Influencers are expected to be this perfect role model without making any mistakes, all while navigating the complexities of public scrutiny. This creates an unrealistic and often unfair pressure that can
be incredibly challenging to manage. We're about to take a quick break, but stay tuned, because when I come back, I'm going to keeel back the layers on these intense expectations and standards that we seem to hold all people of influence to welcome back my friends. I feel like this is a spicier episode that required a lot of nuance to put out. So let's dive a little bit further into the expectations that we put on influences, or
as I like to call them, people of influence. Jess Graves article dives into the relatability trap, where influencers feel the pressure to stay relatable to their audience even as they climb the ladder of success. Audiences often expect influencers to keep things affordable and accessible, which on a level absolutely makes sense. But as influencers grow and become more successful,
their financial situations naturally improve. It's a bit unrealistic, don't you think to expect them to stick to only budget friendly items when their personal taste and purchasing power has evolved over time. Influencers are people too, and their content should reflect their genuine experiences and their personal growth. And let's talk about the economic realities of being an influencer.
While I know you're going to scoff at that because you think that maybe influencers have it all, they really do need to make a living and sometimes this means promoting more expensive items. This isn't just about showing off. It's actually part of the business model. More expensive products usually pay better. Just like any other profession, influencers have
financial goals and obligations. Think about it this way. If influencers didn't higher end products or take on paid partnerships, then they wouldn't be able to sustain their content creation. It's a job, and jobs need to pay the bills. By understanding and respecting this, we can appreciate the hard work that goes into creating the content that we love. Influencers aren't just living a dream life, they are running
a business. While influencers should be transparent about their partnerships and financial growth, Jess Graves argues they do not owe their audience affordability. Instead, she says, what they truly owe us is honesty and authenticity about their personal journeys and
the reason behind their recommendations. From my perspective as somebody who started sharing finance content when she was still in personal debt who now owns let's be real, multimillion dollar homes, I think it is wildly unfair to expect that my personal growth would be stunted back where I started. I want to be able to share my SNOO growth. I want to be able to share how I went from being in forty thousand dollars worth of personal debt to
being financially what people would deem successful. I want to make sure that you guys see that change is absolutely possible and that the money story you currently have is not the one you always have to have. I agree with this. It's not about keeping everything within a certain price range to make everyone happy. It's about being real
with all of you. If I love a high end product and I genuinely believe in its value, I'm going to share it with you, but I'll also be upfront about why I love it and how it fits into my life. And equally, I'm going to share those budget friendly hacks because at my core, I love a money win. Honesty and authenticity. That's what builds trust and from my perspective,
that's what really matters. A platform that plays a significant role in how influencers can remain authentic while still running a sustainable business is LTK formerly known as Like to Know ITK is a game changer. This isn't sponsored by the way, It genuinely is a game changer that bridges the gap between promoting products and influencers being able to
earn a living. So how does it work? You've probably seen it already with every Man and his Dog now responding to your comments of oh my gosh, where is
your jacket? From the links in my bio, will influencers create content featuring various products from fashion and beauty, to home to core lifestyle and even now baby items, and then, through their LTK platform, influencers generate unique trackable links for these products, and then when one of their followers clicks on these links and makes a purchase, that influencer earns
a commission from the sale. This provides a direct income stream from their recommendations, which at its core makes absolute sense, and from my perspective, I like the idea that there's more accountability here if they're not sharing recommendations that resonate with their audience. They're not going to get paid. Followers can easily shop for the exact products featured by their favorite influencers without the hussle of searching for the items themselves.
When followers purchase through lt K links, they directly support the influencers that they love, helping them to continue to create high quality content. It's a win win for both creators and followers. By providing transparency and convenience and a reliable income stream, LTK helps influencers stay true to their personal brand and maintain their authenticity, which if now we've been through all of this, you probably agree with me on I feel like we have covered a lot today.
I feel like I've got a little ranch that's been sitting on my shoulders for a long time off my chest, and I feel hopefully that we're maybe on more of the same page. From the economic realities of being an influencer to the expectations of affordability and the importance of honesty. Influencer culture is multifaceted and ever evolving, and it's important for us to understand the businesses behind the content that we love and have a level of respect for it.
I hope that you found today's discussion a little bit insightful, and be sure to tune in next week because I'm going to dive into the nitti gritty of just how influencers make their money beyond platforms like LTK. So thanks for hanging out with me on Saturday and for this special episode. I'm going to go get an oat latte and I think that you deserve one to The advice shared on She's on the Money is general in nature
and does not consider your individual circumstances. She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS TMD and obtain appropriate financial advice tailored towards your needs.
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