Influencer marketing is a rapidly evolving space and, with more businesses embracing it, we wanted to better understand the experiences of our network, from any challenges they are facing to the value it’s delivering, and how it’s impacting budgets in 2023.
While this was an informal LinkedIn poll of our network, the results are insightful:
- Half of respondents have experienced increased brand awareness, increased traffic AND increased sales from an influencer campaign
- Over 30 per cent say it’s a growing responsibility in their job yet almost 70% say sourcing the right influencers is their biggest challenge
- As many as 43% said their influencer marketing budget will increase in 2023
Takeaways from our influencer marketing poll
It comes as no surprise that the pandemic accelerated the growth in influencer engagement. It filled the content void of a lockdown market with visuals that creators were able to safely create at home. Scrambling to stay relevant, brands needed to rethink their usual tried and true tactics and make an authentic connection with an audience stuck at home.
Since then, we’ve still only scratched the surface with respect to influencer marketing. It’s big now, and only getting bigger. New platforms, more sophisticated video technology and savvier content will lead the way, and influencers who are embracing these advancements are becoming increasingly sought after. For brands, finding the right influencers is key.
This is paving the way for what we’ll continue to see into 2023 – an increase in influencer content that acknowledges our personal circumstances (economic slow down anyone?); consumers becoming even more discerning about promotional content; influencers being leveraged in other promotional ways outside social media; and a requirement for more robust metric reporting.
So get ready to take advantage of this quickly evolving world, and surround yourself with the right partners that will ensure your brand successfully navigates the course ahead.