Are Influencers Actually Influential? How Influencer Marketing Can Deliver Brand ImpactAs marketing budgets diversify with greater expectations of ROI, influencers and the creator economy have become an organic pathway for outreach and brand awareness

What do you want to be when you grow up? People used to say firefighter, teacher or doctor. In asurvey, 1 in 4 Gen Z responders said they plan to becomesocial media influencers．What used to be the punchline of Internet careers has quickly become one of the most innovative ways that companies spend their marketing money. Global influence marketing spending isestimated to jumpfrom $29 billion in 2022 to $34 billion in 2023.

Is your business ready for creator partnerships?

Influencers vs Celebrities

I think many people are quick to judgeinfluencers, but they also have difficulty describingwhatan influencer is. Influencers are anyone who can sway potential buyers by promoting a product or service to their social media followers. Many celebrities, likeKim KardashianorLebron James, are, in fact, influencers. They push products on their Instagram or TikToks, but I think there's a key separation between a true celebrity and an influencer.

Celebrities rise to fame through different avenues of traditional media — acting, sports, singing, etc. Influencers amass their followers by creating their own content and finding their own natural niche along the way. Their fans see their journeys firsthand, starting with that first piece ofviral content．Influencer content is much more accessible to fans and followers than normal media.

有影响力的人可以参与followers through comments, likes, follows, and evendirect messages, depending on the social media platform. If you message Kim Kardashian, you're not getting a response. Influencers are generally viewed as more down-to-earth and approachable. That authenticity may seem odd to someone older, but it goes a long way in the creator economy.

Related:Is the World Becoming Too Cynical for Social Media Influencers?

Shifting digital footprints

Compared to other generations, Gen Z is spending the most time on their phones, accounting for40% of mobile usersand the largest consumers of video content. Younger audiences are making the most connections with influencers, especially onYouTube, TikTok and Instagram．You'd think that no one would have the patience to watch ads, but58% of young viewersdon't mind watching ads to support their favorite digital personalities.

Watching ads, clicking, and engaging on these digital platforms comes with an interesting benefit for marketers. Thesubsequent user datamakes it easy to know who is doing what, when, where, and why in your product category and target audience. By understanding your potential customer's digital behavior, you can find out what influencers will be most effective to engage.

Understanding influencers' data is important as well. Follower numbers aren't the only data point you must look for. The engagement rate is incredibly important — followers don't mean anything if they aren't liking, commenting or sharing.Artificial intelligenceand machine learning tools are available for finding the right influencers for you, offered by a range ofinfluencer marketing platforms．

The key isn't to find the biggest, most popular name on the Internet. In fact, you probably can't afford them.

Related:5 Ways to Identify if Influencers Worth Your Brand's Time and Money

Size doesn't matter

When people think of the pinnacle of advertising, many minds drift to the prestigious Super Bowl ad slots. This year, ad slots were running for around$7 million, reaching an audience of115 million viewers.That's $7 million for a large, broad audience within a small window on a single day, all of which is mostly untrackable. Meanwhile, Youtuber MrBeast averages at least120 million views per video— and his rate is more affordable.

Honey, the automatic coupon extension, had an ongoing sponsorship with MrBeast. With a deal for $3 million, Honey received more than1 billion viewsthrough MrBeast content spread out over multiple videos. In one video, MrBeast had guests compete for money in a replica of Willy Wonka's Chocolate Factory — that content still lives online, still links to Honey, and currently has246 million views.

There's ascaleto the size of influencers and their range.MrBeastis considered amega influencer, with well over a million followers. There aremacro influencers(over 500,000 influencers),medium influencers(closer to 100,000),micro influencers(around 50,000), andnano influencers(less than 10,000). Though they may be smaller in reach, even nano influencers can engage with small communities, especially on a local scale.

Not all influencers can tap into MrBeast's numbers, but that's not the point — traditional spray-and-pray advertising has become ineffective and inefficient, even on social media. Sure, you could pay Super Bowl-like money for a single Instagram post by Kim Kardashian for$1.69 million.But you'd be better off having ongoing deals with multiple micro or nano influencers with a targeted campaign. To get the most bang for your buck for your business, no matter what size you are, you need to find the right influencers and the right platform to tap into your potential customer base.

Related:How Your Business Can Benefit From Micro-Influencer Marketing

Time to influence

Going into an influencer marketing campaign, you needto set goals．这是品牌知名度或搜索排名吗?What are your KPIs, and what is your expected ROI? When it comes time to work with an influencer, you really need to understand: what are you selling?

Products that are visually engaging and tangible are best suited for platforms such as TikTok or Instagram, especially if you're angling for a younger audience. That doesn't mean older business professionals don't interact with influencers. If you're a B2B company offering sales optimization services, having aTikTok influencerplugging your product to younger people won't be helpful, but a LinkedIn influencer might.

利基市场的多样性和engagemen的路线t, data will point you toward the right influencer for the job. When making that decision, trust your gut: do they feel authentic? Do you like the content they make? With smaller budgets, you don't have to commit to extended contracts, and with the right data, you can find the influencers youdowant to continue working with.

What's next?

The creator economy and influencers will continue to innovate in the coming years. With that comesthe rise of new independent agenciesand holding companies focusing on micro-influencers.

As the industry grows, so does the technology. Artificial intelligence anddata-driven campaignswill continue to expand businesses' abilities to hone in on audiences and monitor engagement. As live shopping continues to spread to the U.S., influencers who succeed in engaging with customers on live shopping streams will become more effective and more valuable.

Social media platforms will continue to develop, so we can only watch as influencers adapt to the technology. Whether virtual reality or the metaverse, influencers will find new ways to connect with audiences and customers.