The Business of Creators in 2022: What Marketers Need to Know
By esantiago@hubspot.com (Erica Santiago)
Content creators and the creator economy are becoming more integral to the success of marketing campaigns. Our 2022 State of Inbound Marketing Trends Report found that 88% of brands have a dedicated budget for working with influencers and creators. We also found community will be a top priority for marketing strategy in 2023.
To gain more insight into the world of content creators, HubSpot partnered with Tilt to survey more than 300 marketing and business-specific content creators. Here’s a bit of what we found that marketers need to know. To access the full report, check our Business of Creators Report.
5 Things Marketers Should Know About Content Creators
Here are five things marketers need to know about content creators and how to leverage them.
1. Most creators want to grow their businesses.
Growth is at the forefront for many content creators. In our survey, more than 50% of content creators want to grow their businesses to support a small or large team. Almost 40% say they want to grow as a solopreneur. Only 7% report wanting to keep content creation as a hobby.
With growth being the main objective for more content creators, brands should offer mutually beneficial partnerships that help creators meet their goals.
“One of the things [HubSpot’s] started to do is invest in independent creators to help them do what they do well,” said HubSpot’s Director of New Media Kyle Denhoff. “We’re investing in podcasters right now. We’re providing them financial value, distributing their show across our brand channels — we’re cross-promoting their show across our podcast network.”
Mutually beneficial deals are great for creators but also provide excellent opportunities for brands.
“By partnering with creators, we can provide them stability financially and through the support of HubSpot’s channels, but then we can also start to reach their audiences,” Denhoff said. “I think marketers just have to think through how they can partner with creators, how they can provide more value to creators to have a true partnership …”
Financial stability is a hurdle for many content creators. According to our survey, more than half of creators don’t earn enough money to sustain themselves or their businesses. So, if you’re offering a partnership that will bring them closer to their financial and business goals, creators are more likely to want to work with you.
2. Content creators value independence.
Our survey found that most content creators (32.4%) get into the profession because they seek independence and want to “be their own boss.” As a result, creators won’t compromise their happiness for anything they disagree with. They want to have control over their work.
With that in mind, marketers should avoid treating creators like employees and treat them with the same respect as any other business. Marketers should also avoid micromanaging creators during collaborations and instead consult creators on strategic planning.
And, of course, pay your creators on time.