Accelerating the move to new digital technologies and platforms, or expanding into new markets, segments, or geographies.
— Influencer marketing is an ideal way to achieve your goals
* Survey result from more than 20 CMOs around the world
The global average time people spend using the internet each day is
The global average time people spend using the internet each day is
Recent evidence suggests internet users in 2023 are not loving digital advertising
use ad blockers
decline cookies at least some of the time
feel represented by the advertising they see
In spite of this news, the global digital advertising spend in 2022 was a staggering US$667.3 billion, amounting to a 73.3% share of advertising revenue across all media and channels.
However, brands are investing relatively little of their overall digital budgets in influencer marketing even though consumers and brands alike prefer influencer marketing to other digital advertising
Influencer marketing is already improving the ROI of social commerce campaigns, according to research from Influencer Intelligence.
Most successful platforms for influencer-led social commerce
When it comes to influence, small communities can make an outsized contribution to the effectiveness of a campaign.
The top motivator for creators is independence. Treat them like partners, not employees
It can take years for a brand to develop a profitable social following,
— the highly engaged, hyperlocal communities of micro- and nano- influencers shortcut the process.
of brands say they will work with nano-influencers in 2023
consistent higher engagement rates for micro-infleuncers in social commerce
Micro-influencer rates are also affordable, even for smaller retailers.
Brands and agencies who build trust with consumers foster long-term brand loyalty. Brands who are viewed as bad actors will suffer the wrath of a polarized social media environment
Collaborating with influencers is a great way to add exponential value to the trust equation for brands.
Gen Z consumers say they trust influencers because:
Teach me new skills
Make recommendations based on experience
Share my values
According to the 2023 Edelman Trust Barometer, consumers have serious trust issues. 59% of consumers say they will not buy from a company they don’t trust.
Consumers say unique features like live streaming, curated content feeds, real-time seller consultations, digital coupons, and influencer recommendations are some of the features that encourage them to spend more.
Once people start, chances are they’re going to keep going.
Compared to people who haven’t ventured into social commerce, those who have are:
as likely to buy from the same seller, shop, or influencer again
as likely to purchase from a brand they didn’t know
as likely to buy recommended products or services in bundle
For clues on what’s working, let’s look at what brands are including in their social commerce strategies.
Consumers are actively purchasing fashion and beauty products in virtual and augmented realities
Retailers trading in the Metaverse
Early Adopters Are Seeing Results