What is the Future of Influencer Marketing in 2023?
Have you ever bought a product just because a big celebrity or a famous person uses it? Does your decision to buy something gets influenced by social media platforms? Don’t worry; it happens to all of us.
Influencer marketing is the key in today’s marketing world. An influencer is someone who influences the choices of people. And influencer marketing is all about using influencers to make people choose a particular brand, product, or service.
The benefits of influencer marketing are huge in today’s digital world, where everyone is sitting online and looking for new trends and information. All types of businesses, big or small, can harness these benefits. So today, we will know what exactly influencer marketing is and the future of influencer marketing in the digital world of 2023.
What is Influencer Marketing, and Who is an Influencer?
Influencer marketing is an increasingly used online marketing tool where brands join with influencers to promote their products or services. Influencer marketing is of different types, including social media marketing, affiliate marketing, guest blogging and more.
An influencer has a huge follower base on various social media platforms. These followers range from 1k or 5k and sometimes even to millions.
These influencers built a close-knit community of keen, enthusiastic audiences who trust them and get influenced by their choices. Brands collaborate with influencers to promote their product or services.
Influencers get compensation, audiences get to know the trends, and the brand boosts its sales. Hence, creating a win-win situation for all.
What is the Future of Influencer Marketing?
The future of influencer marketing is even brighter than the sunshine. In the digitised world of 2023, most people are on the internet and getting influenced by it in some way or another. Here are the top reasons behind the excellent future of Influencer Marketing in 2023.
- Increased brand awareness and reach
With millions of products in the market, it is important to increase your brand’s visibility and its products among the target audience. Influencer marketing is an excellent way to do that. Influencers these days have followers in millions and sometimes in billions.
Research has shown that 85% of users consider the information on social platforms before deciding. The whole population is sitting in front of the internet, whether millennials or Gen Z.
Also, the content posted by influencers passes the ad blockers. Therefore giving more visibility to your brand.
- Credibility and trust
These influencers built a close-knit community of keen, enthusiastic audiences who trust them and get influenced by their choices. Surveys show that most internet users prefer social media influencers over traditional celebrities. People find their content more authentic and relevant to their interests.
You can use this advantage for your brand by teaming up with the right influencer and serving the right content.
- Fresh content and creative ideas
Influencers could come to your aid if you are out of fresh ideas or feel stuck creating content for your marketing campaign, especially if their niche matches your product or service. The content also will be more natural and engaging for the audience.
- Long term partnerships
If the influencer is of the same niche as your brand or the product or service you are offering, it would be beneficial for you both to establish a long-term contract.
Brands these days are following the same strategy. It also helps create seamless campaigns for the long term, as both parties know each other’s needs and interests.
Surveys show that 37% of influencers feel the same way and are more interested in partnerships for 6 months or more.
- Influence purchase decisions
An influencer, as the name suggests, influences the decisions of the general public. And you can use this factor to the advantage of your brand.
With almost half the population sitting online, the reach of influencers has increased significantly. Research shows that around 60-70% of people consider influencers’ opinions while purchasing something.
- Boost sales
Influencer marketing is a trending marketing tool these days. Around 50% of the population uses the internet, and most consider social media opinions before buying anything. You can also boost your sales by using various influencer marketing tools.
- Unlimited sharing potential on social media
With around 50% of the population using social media these days, the reach potential of influencer marketing is unlimited. Even in 2-3 tier cities, people look to the internet for the latest information and trends.
- Accessible to any business size
Any business, small or big, has access to these influencers. You can search for an independent influencer or contact an agency.
There are different categories of influencers depending on the no. of followers they have. It ranges from 1-2k and can reach millions or billions of followers.
Conclusion
Influencer marketing is the trending marketing tool in today’s world. It has a huge scope in boosting sales, increasing brand awareness and more when done correctly. You can choose from various types of influencer marketing like social media marketing, guest blogging etc. Whether your business is big or small, influencer marketing is a great tool to take your business to the next level.
