Are you skeptical about the effectiveness of influencer marketing? Do you think it’s all smoke and mirrors, with influencers promoting products they don’t actually use or believe in? Brace yourself, because we’ve uncovered the shocking truth about influencer marketing – and it might surprise you.
First of all, influencer marketing is a booming industry. In 2020, brands spent over $8 billion on influencer marketing, and that number is expected to double by 2023. This isn’t just a passing trend – it’s a proven way for brands to reach new audiences and drive sales.
But how effective is it really? According to a survey by Linqia, 39% of marketers said they saw a higher return on investment (ROI) from influencer marketing than from other marketing channels. This is because influencers have a loyal and engaged audience who trusts their recommendations.
However, it’s not all rainbows and unicorns. There have been instances of fake followers