According to influencer marketplace Tomoson, businesses are now making $6.50 for every $1 spent on marketing professionals.
When it comes to gaining customers, influencer marketing is now the fastest growing channel. Influencer marketing has skyrocketed ahead of organic search and influencer marketing.
Why Is Influencer Market So Trusted?
Many marketing agencies of brands now believe that engaging in influencer marketing with the right kind of influencer involved results in attraction and retention of the highest quality of customers.
When we say the right kind of influencer, it means those creators who make content of the appropriate category. They may be of a certain follower range, or those who make content tailor-made for a specific locale.
Surveys attest these results to the affluence of these social media celebrities. As a result of their loyal fanbase, it makes it more likely for products or services to be recommended to family or friends.
59% of existing marketers plan to increase the budgets over the next 12 months, while only 21% plan to reduce this spending or keep it the same.
How Does Influencer Marketing Rank When Compared To Other Channels?
As mentioned earlier, when it comes to customer-acquisition channels, Influencer Marketing massively outperforms many other earlier prevalent channels.
These include organic search, paid search and e-mail marketing. According to the same Tomoson study, email and influencer marketing are the most cost-effect ways for customer acquisition.
Blogs and Facebook provide the most fruitful results for marketers
The most effective outlets for influencer marketing are blogs and Facebook. These outperform the effectiveness of social media platforms like YouTube and Instagram.
The most effective platform rated by 37 percent of respondents were blogs. 25 percent cited Facebook as their platform of choice.
Hence, influencer marketing is an important online marketing channel, which is rapidly growing in importance. Marketers are getting good returns on their investments as budgets expand rapidly.
Most marketers are making money with influencer marketing. The top 13% are making at least $20 for every dollar they invest. Budgets will continue to rise as long as these kinds of profits are available.
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