In the previous article, we explored how the “search bar” is dying in favor of discovery feeds. But this shift isn’t limited to fashion or gadgets. The most significant transformation is happening in how consumers make decisions in critical industries, driven by a massive shift in trust.
We are witnessing a crisis of authority. According to market analysis, the entire social commerce sector is being primarily “driven by influencer marketing” rather than traditional brand advertising. For businesses, this means credentials alone are no longer enough to win trust.
1. Finance: The Rise of “FinTok” and the End of Gatekeeping
Historically, financial literacy was guarded by institutions using complex jargon. Social media broke these gates down.
- The Shift: According to a study by Qualtrics, 77% of Gen Z now use social media to find financial advice, with TikTok and Instagram becoming the primary “bankers” for this generation.
- Why it works: Influencers translate “banker speak” into human language. However, the barrier to entry is zero.
- The Business Risk: This has led to a surge in unregulated advice. The same report indicates that 37% of Gen Z have suffered financial losses or faced issues (like tax audits) after acting on advice found on social platforms.
- The Lesson: Financial institutions are competing with “Finfluencers” who prioritize engagement over accuracy. To win, banks must adopt the same accessible, visual language.
2. Healthcare: “Patient Stories” vs. Clinical Expertise
The erosion of trust in medical professionals is perhaps the most alarming trend. The era of “Dr. Google” has evolved into “Dr. TikTok.”
- The Trust Gap: Recent data reveals a stunning shift: 38% of young adults trust social media influencers more than medical professionals.
- Regret is High: The Edelman Trust Barometer 2025 found that this reliance on unverified sources has consequences: 58% of young people regret a health decision made based on misinformation found online.
- The “Cyberchondria” Effect: Patients now arrive at clinics with diagnoses already formed by algorithms. For healthcare providers, the challenge is no longer just treating patients, but “de-bunking” viral myths before the consultation begins.
3. What This Means for Your Business
For brands in serious industries (Finance, Health, Real Estate), the message from the data is clear: You cannot opt-out of the creator economy.
- If you are absent: You leave the narrative entirely in the hands of influencers who may or may not understand your product.
- The Strategy: You must adopt the “Influencer” mindset. Your content shouldn’t just be informative; it needs to be “discoverable.” Use the same formats that are driving the market—short-form video and authentic storytelling—to deliver your expert knowledge.
This was the second article in the series. In the final article, we will look at the Business Strategy: how to build a sales funnel that captures customers who aren’t looking for you, but are waiting to discover you.
