The AMAA announced the establishment of a new industry council for the Australian influencer marketing community under the banner of AIMCo (Australian Influencer Marketing Council) to support the channel.
The new council provides a platform for companies working in the influencer marketing channel to work within a collaborative forum to develop best practice standards.
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AIMCo has outlined the key principles of its members as:
- Commitment to transparency and accountability to engender marketer confidence and trust
- Ensure good citizenship and adherence to agreed industry best practice and disclosure standards
- Promote measures designed to drive positive marketing outcomes from Influencer Marketing
Over recent months the AMAA has been engaged in industry consultation with organisations working in influencer marketing to understand the issues and opportunities and develop the Influencer Marketing Code of Practice.
The process has involved meetings with over 45 organisations engaged in influencer marketing to determine the areas to be addressed. The code spans influencer vetting, advertising disclosure, contractual considerations including content rights usage and metrics reporting.
A separate guide for buyers is also being created and metrics will be addressed in a detailed review in coming months. The final Influencer Marketing Code of Practice will be released following further industry meetings over coming weeks.
The AIMCo Guiding Council will be established from the participating companies. The Council will oversee the final version of the Code of Practice and facilitate ongoing industry discussion to address influencer marketing performance.
Josanne Ryan, AMAA CEO said, “It’s been great to see the enthusiasm and commitment the influencer marketing community has brought to this process. The move to collectively embrace industry best practice and embed this into their business model signals the maturing of influencer marketing.”
John Broome, CEO of the AANA said, “The AANA welcomes this initiative from the AMAA and looks forward to reviewing the Code of Practice from the AIMCo Guiding Council. Influencer marketing is now a valuable tool in the marketing mix and we welcome the intention to build trust and confidence in its use through transparency, best practise and accountability.”