Are you a budding influencer ready to take the next step and start profiting from your growing follower base? Or are you a business considering the option of hiring an influencer to engage audiences and bring your brand closer to the those it is intended for? Big or small, through an agency or on your own, an influencer can make a good buck and maybe even build a full-time career out of marketing products and services. That is, if they know the tricks of the trade. Plus, as you will see from our list of hot influencer marketing statistics, they are a real treat for marketers who use them as the ultimate weapon to generate leads, boost sales and spice up their campaigns. Let’s see how it’s done.
Influencer Marketing Statistics (Editor’s Pick)
- By 2022, the entire influencer marketing industry will be worth more than $15 billion.
- A massive 71% of marketers believe in the power of maintaining an active partnership with an influencer.
- Almost 50% of consumers rely on influencer recommendations for their purchasing decisions.
- Fake followers remain the biggest concern for 50% of marketers.
- With every $1 businesses spend on influencer marketing they earn a return of $5.20.
- Instagram is the platform of choice for 93% of influencer marketing campaigns.
Influencer Marketing Stats Rundown
1. By 2022, the entire influencer marketing industry will be worth more than $15 billion.
Based on Mediakix’s influencer marketing data, by 2022, the influencer marketing global spend will have a value tag of over $15 billion. To put that into perspective, in 2019, it was worth approximately $8 billion. This means that in just three years the industry will grow nearly twofold.
2. Nine out of ten marketers make use of influencer marketing.
Influencer marketing statistics in a SocialPubli report show that the majority of marketers swear by this strategy and use it as an integral part of their daily work. The same influencer marketing report also suggests that it is an ongoing strategy for one-third of marketers while over half use it regularly, and one quarter admit they use it “frequently”. Plus, a little less than one-third of marketers said they’ve been using it for more than three years.
3. Influencer marketing stats show that 61% of marketers have a hard time finding the right influencer for their campaign.
An influencer can make you or break you, and finding a suitable professional to promote and advance your brand is a mammoth task. Recent influencer marketing data show more than half of marketers are struggling to find suitable influencers for their marketing campaigns. No matter how much you’ve invested in your product, without the right influencer to light up the spark your campaign needs, it could turn out a complete failure.
(Influencer Marketing Hub)
4. A massive 71% of marketers believe in the power of maintaining an active partnership with an influencer.
The latest stats about influencer marketing also show that a solid 51% of marketers believe influencers are the best way to boost the customer base with new and better clients. This again points to the importance of choosing the right influencer and targeting not just the right consumers but the most loyal ones.
(Social Media Today)
5. More than 300 influencer marketing-focused agencies and platforms have entered the market for over a year.
Influencer marketing facts show that back in 2015, there were only 190 such platforms. Nowadays, there are a whopping 740 that cater to the needs of those looking for good influencers. The most popular of them offer tools to help manage contracts or other relevant communication and payment tools.
(Influencer Marketing Hub Benchmark Report)
6. 45% of influencers get nearly four campaign proposals every month.
Stats about influencer marketing, however, show that only 24% of influencers end up accepting more than 50% of the offers they receive. 44% meanwhile say yes to less than 25% of the proposals, according to an Influence.co study.
7. Almost 50% of consumers rely on influencer recommendations for their purchasing decisions.
When it comes to deciding which products to buy, 49% of consumers turn to influencer recommendations to the point where they depend on them, influencer marketing stats show. It kind of makes sense if you think about it though — if you’re unsure what to buy and you want to avoid wasting money on something you’re not going to like or use, better to turn to someone who’s already tested it.
(Digital Marketing Institute)
8. Over half of brands believe that brand-created content underperforms compared to influencer content.
Influencer marketing statistics meanwhile indicate that only 6% of marketers strongly believe that brand-created content is better than influencer content while another 16% have never tested their performance. The same influencer marketing report concludes that brand-created content is no match for influencer content with some 51% of brands strongly believing so. This is yet another confirmation that influencer marketing is not to be taken lightly.
9. Media influence statistics say interacting with influencer content is best done through watching videos, and 64% of consumers agree.
If you’re looking to make the most of influencer marketing, video may just as well be your safest bet. Influencer marketing video data suggests it might be better to opt for video against blogs and other types of content, with 64% of consumers interviewed by Rakuten Advertising preferring to watch videos, as opposed to only 38% that would choose content over video.
10. Fake followers remain the biggest concern for 50% of marketers.
Influencer marketing success stats reveal that spotting fake followers and inauthentic engagement remains the #1 challenge in the industry. Frequent changes in social algorithms making content less visible is another issue that concerns 49% of influencer marketers as well as building an always-on influencer marketing strategy. A lot of marketers (38%) are also concerned with having to keep pace with the rising influencer costs which create yet another hurdle in strategy planning.
(Influencer Marketing Hub)
11. Celebrity endorsement statistics confirm 70% of teenagers trust influencers more than traditional celebrities.
That’s not all — four out of ten teens state their friends don’t understand them as well as their favorite influencer. Brands are growingly taking advantage of this trend by using influencers as a channel to convey their messages to potential and existing customers.
(Digital Marketing Institute)
12. Seven out of ten Gen Xers will purchase something from a brand they follow on social media.
Demographics-related influencer marketing statistics suggest that there is a significant difference between the behavior of buyers from different generations. Gen Xers actually buy the most — seven in ten will make a purchase at some point from a brand they like and follow. On the other hand, promotions are the name of the game for 60% of Baby Boomers that engage with brands across social media. Lastly, engaging with brands at least once per month, as millennial marketing statistics confirm, is a habit of 30% of the younger generation.
Influencer Marketing Effectiveness Statistics
13. With every $1 spent on influencer marketing businesses can earn an average return of $5.20.
A recent financial report on the influencer marketing industry further shows that the top 13% make $20 or more for every dollar invested. Only the bottom 25% of companies fail to generate any revenue and these tend to be the businesses that do not really have a clue about how influencer marketing works or have invested in the wrong influencer to represent their brand.
(Influencer Marketing Hub)
14. Businesses that invest in influencer marketing enjoy over a 50% surge in revenue and leads.
B2B influencer marketing statistics show that companies that invest in this marketing strategy typically see a 54% increase in revenue and leads. There’s more — these businesses also enjoy approximately a 58% rise in overall brand awareness.
15. Companies get a 30% better influencer marketing ROI per dollar spent with influencers that have between 50,000 and 250,000 followers.
Your safest bet is to go with influencers that have a following of anywhere between 50,000 and 250,000. According to influencer marketing ROI statistics, this is the sweet spot where conversions are highest. You can also scale up — instead of one, you can hire several smaller influencers. If you do that, make sure you factor in the additional resources, management work, and time needed to deal with more than one influencer.
(Fits Small Business)
16. Micro-influencers generate approximately 7X higher customer engagement.
Influencer marketing success stats show that targeting micro-influencers with 10,000 to 50,000 followers is a much more effective practice than picking those with massively large followings. If an influencer has significantly more followers than the upper limit of a micro-influencer, you’re likely looking at a significantly lower rate of engagement as a result. So, choose your ‘marketing weapons’ wisely.
(Social Media Today)
Instagram Influencer Marketing Stats
17. Instagram is home to 500,000 influencers with worldwide reach.
Odds are, it is also the only channel they actually use for their campaigns. Out of them, only 4% have more than 500,000 followers, around 15% have between 100 and 500,000 followers, while the vast majority of 81% of influencers are followed by anywhere between 15,000 and 100,000 people.
18. Instagram influencers charge an average of $10 per 1,000 followers.
Instagram influencer marketing stats show respectable influencers on this platform charge an average of $10 for every 1,000 followers or $250 to $750 per 1,000 engagements. The rates, of course, vary based on the industry and influencer but there are tools to see the actual engagement and reach of your post so that you know whether it pays off to invest in this particular person or not.
19. Instagram is the platform of choice for 93% of influencer marketing campaigns.
Instagram has definitely become the golden goose for millions of companies around the world. According to Instagram marketing statistics published by Mobile Marketer, this is the platform of choice for 93% of influencer marketing campaigns. The same data points to a 60% hike in the number of Instagram Stories used for influencer marketing over a single quarter. This compares to a 10% decline in influencer marketing campaigns for Twitter and a 20% drop for Facebook.
20. On Instagram, females post more than four-fifths of sponsored content.
Women are dominating Instagram — or the platform’s influencer marketing segment. Influencer marketing facts about Instagram show that ladies post more than four-fifths of sponsored content. That still leaves close to 100,000 male influencers on Instagram, so brands looking to engage men have options too.
Wrapping It Up
While still relatively new, all indications are that influencer marketing is here to stay. That said, you should take the time to craft your influencer marketing strategy, figuring out what works for you and your business. Hopefully, these influencer marketing statistics have already given you an idea of how to go about finding the right influencers who will align with your style and voice, and will be willing to promote your brand in a unique and creative way.