The Business of Fashion Podcast
Why Follower Count No Longer Defines Creator Value in Fashion Marketing
Summarised from The Influencer Follower-Count Era Is Ending
Affiliate marketing platforms like ShopMy now reveal which creators actually drive sales, often smaller accounts with more engaged audiences than major influencers with millions of followers.
Summary of The Influencer Follower-Count Era Is Ending. Every timestamp links into the original audio.
The short version
00:01:53— Influencer marketing as an industry is only about 10-15 years old, so follower count became the default metric simply because it was the most visible and easily accessible way to evaluate creators when the industry was young.00:04:45— ShopMy and similar platforms changed the game by showing brands exactly which individual creators drive sales, enabling discovery of effective micro-influencers with as few as 40,000 followers that brands would never have found otherwise.00:06:58— Follower count can be misleading because it reflects viral moments and timing rather than actual cultural relevance; someone like Dixie D’Amelio has 54 million TikTok followers but is less culturally relevant today than Alex Earl with 9 million.00:08:30— TikTok’s For You page and Instagram’s suggested posts mean creators can reach massive audiences without anyone actually following them, and Gen Z users often don’t hit the follow button at all, trusting the algorithm instead.00:12:56— Quality of followers matters more than quantity now, including whether they match the brand’s target demographic, what platform they follow on, and whether they’re genuinely engaged or just passive observers.00:14:14— Trust is the single most important metric a creator can build, which shows in audience sentiment, paying newsletter subscribers, ability to gather followers offline, and direct communication through talking to the camera.00:16:43— Successful long-term creators stay true to their authentic identity rather than constantly shapeshifting to chase trends, and audiences reward this consistency by building genuine community over years.00:21:10— Brands now employ tiered strategies, starting with gifting campaigns to thousands of creators to identify top performers, then scaling paid partnerships with the best converters rather than betting large sums on macro influencers upfront.00:22:46— The line between influencer and everyday social media user continues to blur, with people maintaining full-time jobs while monetizing 1,000 to 5,000 followers through affiliate links and brand partnerships.
In depth
Why follower count won by default, not by design
Diana Pearl’s starting point is a historical one: influencer marketing simply hasn’t existed long enough to have developed sophisticated evaluation tools. She dates the industry’s existence to a little over a decade, with only the last five or six years producing anything like real scale 00:01:5700:02:03. In that vacuum, follower count won by default rather than by merit — it was the number sitting visibly at the top of a profile, and it let brands reason about creators the way they’d always reasoned about traditional media buys, where a bigger audience (think the Super Bowl ad slot) was assumed to mean bigger returns 00:02:2300:02:31.
Sheena Butler-Young pushes on this with a social observation rather than a business one: follower count also mattered because it conferred status, the digital equivalent of high-school popularity, and fashion as an industry has always been drawn to whoever looks coolest 00:03:0900:03:23. Pearl agrees that this cachet hasn’t disappeared entirely 00:03:30, but argues the purely financial logic behind chasing the biggest number has weakened considerably now that better data exists to actually test whether size correlates with sales 00:03:44. In other words, the metric didn’t fail because it was always wrong — it succeeded early because it was the only thing available, and its dominance is really a symptom of an immature industry now becoming more evidence-based.
The data revolution: ShopMy, LTK, and the rise of the small but mighty creator
The technical hinge of the whole conversation is affiliate-marketing infrastructure. Pearl explains that affiliate links — someone shares a product link, a follower buys, the creator takes a cut — have always underpinned the creator economy, but for years the dominant platform, LTK (formerly RewardStyle, launched around 2011), didn’t give brands visibility into which specific creators were driving purchases unless there was already a paid deal in place 00:04:4500:04:57. That opacity effectively forced brands to fall back on follower count as a proxy for value, because they couldn’t measure the real thing.
ShopMy broke that pattern by exposing granular, creator-level performance data even for unpaid, organic posts 00:05:01. Suddenly a brand could see that some previously invisible person with 40,000 followers was quietly driving meaningful sales, someone they’d never have discovered by scrolling for big names 00:05:0700:05:16. Pearl frames this as a genuine structural shift, not just a nice-to-have: LTK has since had to raise its own data game in response to ShopMy setting new norms 00:05:5600:06:00. The result is that brands and creators alike now have an evidentiary basis for creator worth that didn’t exist five years ago — creators can point to conversion data to justify their price even without six-figure followings 00:06:2000:06:25.
This has also changed brand behavior operationally, not just analytically. Pearl describes a now-common tiered strategy: brands seed products to large pools of creators through gifting campaigns, watch the affiliate data to see who genuinely converts, then narrow down to a smaller group for paid partnerships, and further still to an elite handful for deeper collaborations like brand trips 00:21:1000:21:2200:21:30. The upshot, in her account, is that a creator with a million followers and one with 50,000 can be treated as equally valuable line items if their conversion numbers match, which upends the old assumption that bigger always means better 00:21:4400:21:49.
When followers stop meaning anything: virality, timing, and the algorithm’s whims
A second, independent force undermining follower count is architectural: the rise of algorithmically curated feeds like TikTok’s For You page and Instagram’s suggested posts, which let content reach huge numbers of people who never chose to follow the creator at all 00:01:1000:08:30. Pearl argues this, combined with the availability of better data, is one of the two primary reasons follower count has lost its explanatory power 00:08:37. She also points to a generational behavior shift: Gen Z, having grown up entirely inside algorithmic feeds, often doesn’t bother hitting ‘follow’ even for creators they like, trusting the feed to resurface content anyway 00:08:5400:09:01. The practical consequence, which both hosts note from their own experience, is that people they nominally follow can vanish from their feed for a year at a time — meaning a follower count no longer tells you who is actually seeing, let alone engaging with, a creator’s content 00:09:0700:09:15.
Pearl’s sharpest illustration of this is the contrast between Dixie D’Amelio, an early TikTok star with roughly 54 million followers, and Alex Earl, who has fewer than 9 million — yet Pearl argues Earl carries far more current cultural relevance 00:06:5800:07:0300:07:12. The point is that a follower count can be a frozen artifact of a viral moment or a fortunate launch date on a platform, rather than a live signal of ongoing influence 00:07:3400:07:37. She extends this with a demographic caution as well: a creator like a Sports Illustrated model might have millions of followers that skew male, making them a poor fit for a womenswear brand regardless of the raw number 00:07:1700:07:25. Taken together, these examples reinforce that follower count conflates several genuinely different things — reach, timing, demographic composition, and relevance — that brands now need to disentangle rather than read off a single figure. Pearl notes, somewhat pointedly, that not every brand has caught up to this yet 00:07:46.
Trust as the real currency, and why it resists measurement
If follower count is dethroned, what replaces it? Pearl’s answer is layered rather than singular — she explicitly resists naming one substitute metric, framing follower count now as merely ‘one of ten’ signals brands should weigh 00:12:4800:12:52. These include audience quality and demographic fit, platform-specific weighting (she argues a paying Substack subscriber represents deeper commitment than a passive TikTok follower who clicked follow during a viral spike) 00:13:1300:13:18, content quality especially for luxury partnerships 00:13:26, and engagement sentiment — not just volume of comments but their tone, since a flood of hostile or skeptical comments can be a warning sign about authenticity even if it counts as ’engagement’ 00:13:4600:13:58.
But the value Pearl keeps circling back to, and names outright as the most important, is trust — and she’s candid that it resists being captured on a spreadsheet 00:14:1400:14:24. Her proxies for trust are deliberately soft and qualitative: does a creator have paying newsletter subscribers, can they get followers to physically show up to an event (she cites Brette Chody’s in-person run clubs as evidence of real-world pull despite a comparatively modest following) 00:09:3500:09:4500:09:48, and do they speak directly to camera, which she argues builds a more intimate parasocial bond than faceless, highly produced content 00:14:5600:15:00. Notably, she doesn’t rank these as strictly superior — she allows that faceless creators with beautiful production values still have commercial value, just for a different purpose (content creation rather than conversion) 00:15:0800:15:23. This is a meaningful hedge: Pearl isn’t arguing trust replaces everything else, only that it’s the hardest-to-fake and most durable asset, and brands are increasingly willing to hire different creator types for different jobs rather than seeking one all-purpose metric.
The long game versus the trend-chase, and a blurring industry
Given how many variables now matter, Butler-Young asks whether creators are stuck constantly reinventing their strategy — shapeshifting to keep up with platform shifts and viral formats. Pearl’s answer favors consistency over reinvention: she argues the strongest long-term creators are the ones who stay recognizably themselves rather than chasing every trend, because that authenticity is what builds the community and trust discussed above 00:16:3800:16:4300:16:49. Her test for whether trend participation is legitimate is whether the creator’s take on a viral format still reflects their existing voice and content, versus indistinguishable copies of the same trend repeated by everyone 00:16:5400:17:1000:17:20. She illustrates the acceptable version of evolution with longtime creators she’s followed since college who are now married with children — their lives and content have changed, but because that change was narrated and contextualized rather than a sudden pivot, their audience stayed along for the ride 00:18:0400:18:1300:18:26.
On the brand side, Pearl doesn’t think big followings are ever actually penalized, but she does note practical downsides: macro-influencers charge more, which prices out smaller-budget brands, pushing them toward larger pools of cheaper micro-creators instead 00:18:5600:19:0800:19:12. She holds up Julia Berolzheimer as the ideal hybrid — over a million followers and reportedly one of ShopMy’s top converters — as evidence that scale and genuine audience connection aren’t mutually exclusive, just increasingly rare 00:19:2800:19:3600:19:40.
Zooming out, both speakers land on the idea that the entire category of ‘influencer’ is dissolving into something more diffuse. Pearl describes a continuing blur between professional influencers and ordinary social media users who hold full-time jobs but monetize a few thousand followers through affiliate links as a side hustle 00:22:4600:22:5100:23:01. Her closing wager — echoed by Butler-Young — is that influence is becoming so distributed that almost everyone with any online presence is a micro-influencer in some capacity, since the friends people already turn to for style advice are, functionally, doing what creators do, just without the affiliate link yet 00:23:1100:23:1600:23:36.
Summarised automatically. Listen to the original for the full conversation — this is not a substitute for it.