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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

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3

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Successcreator economy

A TikTok star who is taking a pay cut for a 9-to-5 job explains why influencing is unsustainable

By
Jane Thier
Jane Thier
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By
Jane Thier
Jane Thier
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March 13, 2024, 9:10 AM ET
Ana Wolfermann chats about quitting full-time influencing and going corporate.
Ana Wolfermann chats about quitting full-time influencing and going corporate.Fortune
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Ana Wolfermann has only known the life of an influencer. 

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As she told Fortune in a recent interview, Wolfermann put her entire weight behind her virtual brand the minute she shrugged off her cap and gown. It had been a long time coming; the digital native began constructing her image and building an audience as a freshman in college. By the time she graduated, she’d sustained a loyal following, which on TikTok alone has since swelled to over 963,000. 

Wolfermann, by many accounts, has had a dream job. In a 2023 survey, nearly 60% of Gen Zers said they’d jump at the chance to be influencers, and three in 10 said they’d even pay to have a following. 

They’d do well to hear from Wolfermann, who has seen the underbelly of the influencing ecosystem and would rather make less money with less autonomy in a run-of-the-mill corporate job than spend another day focusing entirely on self-promotion and -flagellation. 

“Part of the reason why so many people idolize social media, and want to make it their full-time job, is because it pays very well and it comes with a lot of incredible opportunities,” Wolfermann told Fortune. “That’s why there’s so much power in it, and there’s a lot of money in businesses and in marketing and definitely [more than] any other job that I would have gotten as a new grad.”

Wolfermann hopes, as she leaves influencing behind for a corporate role, that she lands somewhere she’s passionate about—probably in digital marketing or social media management—and somewhere she’s excited to show up each day. “But I don’t think it’ll pay me more than my yearly influencer salary.” 

“Even though social media pays more than a corporate job, there’s a really nice feeling about having something steady,” she continued. “As an influencer, I can only assume I’ll make as much this year as I made last year.” But as a company employee, she wants to provide value to people in a way that she feels would be more impactful than her current scope of influencing allows.

TikTok influencing, as Wolfermann describes it, is essentially akin to a working actor shooting commercials. “Companies think about the budget that used to go towards producing a commercial, and they redirect it toward an influencer to create a commercial and post it,” she said. “That’s because marketing has changed. People aren’t scrolling through their TV channels anymore.” 

But the money remains, and the lion’s share is left for an influencer like Wolfermann, who retains a small staff and agent to help her secure those lucrative deals.

While Wolfermann declined to share specific financials, it’s no longer a secret that influencers can expect to command eye-popping amounts from brands in exchange for partnership, even if it’s just a few slides on an Instagram story or a singular post holding a product. 

But critically, those who can thrive in the creator economy are part of a narrow slice of the pie. As the Washington Post reported last year, just 12% of full-time creators say they make over $50,000 per year. But for those in that lucky group, things still aren’t as rosy as they seem, and Wolfermann predicts many of them might soon join her in jumping ship.

Influencing, for all its cushy perks (not to mention free meals and swag), ultimately can create an identity crisis, Wolfermann told Fortune. Over the past year, she hasn’t felt challenged intellectually at all, which is another important facet of corporate work that she’s eager to reclaim. 

“I felt myself becoming more superficial…there was nothing to my content outside of my life,” she said. “I want to call attention to that, because I think so many young girls idolize the idea of sharing their life on the internet. You’ll ultimately become self-obsessed because you—what you’re doing, who you’re hanging out with, what you look like—become your priority. It’s a little dystopian.”

To be sure, there’s no shortage of dystopian narratives regarding the typical nine-to-five job, even on TikTok, where many young workers bemoan their lack of freedom, their struggle to make ends meet, and their dearth of inspiration and excitement. But what Wolfermann suggests is the possibly obvious bottom line few of those young people care to recognize: Social media is unlikely to solve your problems.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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