Influencer-Marketing-Benchmark-report-July-2024
Influencer-Marketing-Benchmark-report-July-2024
Benchmark Report
July 2024
Our July 2024 report highlights the growing importance
of AI in influencer marketing, with 54.8% of marketers
favoring it for increased efficiency and personalized
Table of Contents interactions. In a survey of 237 marketing professionals,
Handpicked Trends and Finding the findings emphasize a shift towards micro and nano-
AI is changing Influencer Marketin influencers as key players for brands aiming to connect
authentically with niche audiences. The report delves
Nano and Micro Influencer
into the evolving landscape, where technology and
Long-Term Partnerships with Influencer authenticity are crucial for brands to succeed in the
Spotlight on Ubiquitou competitive digital environment.
July Trends in Influencer Marketing
Challenges in Influencer Marketing
New Opportunities in Influencer Marketin
Emerging Trends in Influencer Marketing
Methodology and Data Transparency
22
Editorial Team’s Handpicked
Trends and Findings
54.8% of marketers view AI positively.
on earth.”
4
Nano and Micro Influencers as the
New Kings of Influencer Marketing
5
Focus on Long-Term Partnerships with
Influencers is Key
6
Top Influencer Marketing Strategies &
Tactics by Ubiquitous
7
Precision in Influencer Selection
Results of Data-Driven Influencer
Selection
Litter Robot
Early Engagement and Strategic Planning
Campaign
Proactive Campaign Preparation
Zilla
Campaign
8
Multi-Platform
Campaign Execution
60%
Instagram and TikTok
25-30%
YouTube
Bloom
Litter Robot
Campaign Campaign
9
Innovative Content Formats and Tactics
Hers Campaign
Impressions
Impressions
Impressions New
NewUsers
Users
5+
5+million
5+ million
million 11,000
11,000
AutoSky’s Two-Wave
Campaign Results
Impressions
Impressions Engagement
New Users Rate
21million
5+ million 10.6%
11,000
10
8
Addressing Advertising Challenges with Creativity
Hers Campaign
3.4+M impressions
$5 CPM
Nightcap
Campaign
11
Leveraging Controversy and Engagement
Nightcap Campaign
DTC Marketing on
TikTok for Gratsi
CPM
Impressions
New Users Views
Impressions
21$1.69
million
11,000 7.5
5+million
million
12
8
July Trends in Influencer Marketing
June
Compared to last month's report, we observe that the
Less than 10%: 44.3%
budget allocation remains relatively stable, with a slight
11.8% The slight increase from 42.0% to 44.3% for "Less than
influencer marketing.
42.0%
21-30%: 12.5%
12.5%
13
Measuring the Impact of Influencer
Marketing on Brand Trust
Diverse methods are employed to gauge the impact of
influencer marketing on brand trust, reflecting varied priorities.
38%
21.9% 20.3%
14
Impact of Micro and Nano-
Influencers on Marketing Strategies
The influence of micro and nano-influencers continues to reshape marketing strategies, reflecting a
broader industry shift towards authenticity and niche targeting. The rise of micro and nano-
influencers is significantly altering marketing strategies.
15
Role of Employee-Driven Influencer Programs
19%
19.8%
This trend is known as employee advocacy
16
Importance of Aligning Influencers
with Brand Values
A combined 69.2% of respondents view alignment with brand values as either extremely or very
important. This underscores the critical role of value congruence in fostering genuine and credible
influencer partnerships.
Slightly
important
9.7%
Moderately
important Extremely
9.7% important
Not 35%
important
11.4%
Very
important
34.2%
17
Perspective on the Use of AI in
Influencer Marketing
The predominantly favorable views towards AI
suggest a strong belief in its potential to enhance
influencer marketing efficiency and effectiveness.
However, the notable minority with unfavorable
views highlights ongoing concerns and challenges
in AI integration.
39.2%
30.4%
15.6%
8.9%
5.9%
Highly
Neutral Favorable Unfavorable Highly
favorable unfavorable
18
Primary Concerns with AI-Powered
Influencers and Ads
Authenticity and consumer trust are primary concerns
related to AI-powered influencers. This underscores the
importance of maintaining genuine engagement and
ethical considerations in the use of AI technologies.
19
Strategies for Addressing Authenticity Concerns
Strategies for Ensuring Authenticity in Influencer Marketing
Various strategies are implemented to ensure
authenticity in influencer marketing
campaigns. The varied approaches reflect a Thorough vetting of 24.1%
comprehensive strategy to maintain influencers
20
Importance of Industry-Specific Expertise
in Selecting Influencers
Industry-specific expertise is a critical criterion for influencer selection. The high importance placed
on industry-specific expertise highlights the need for influencers to possess a deep understanding
of the industries they represent, ensuring more relevant and effective collaborations.
47.3%
25.3%
18.1%
9.3%
21
Strategies to Ensure Long-Term
Partnerships Effective strategies for maintaining long-term influencer
Strategies to Ensure Long-Term Influencer Partnerships relationships are diverse and essential. Regular
communication and personalized engagement strategies
are key to sustaining long-term influencer partnerships,
aligning both brand and influencer goals for mutual success.
9.7%
10.5% 34.6% Regular communication
and check-ins
Exclusive
14.3% collaborations
Performance-based
incentives
22
Adoption of New Content Formats in
Influencer Campaigns
New content formats on platforms are being
widely adopted, with significant growth in
Diverse Content Formats for Broader Audience Engagement TikTok Shop and Facebook Shops, highlighting
the trend of integrating e-commerce directly
4.2% into social media. The rise in dynamic formats
like Instagram Reels, TikTok Branded Hashtag
5.5% Challenges, and YouTube Shorts shows a shift
5.9% 29.1%
towards engaging, interactive content that
appeals to shorter attention spans and boosts
audience participation.
14.3%
Instagram Reels
TikTok Branded
Hashtag Challenge
TikTok Shop
20.3% 20.7%
YouTube Shorts
Facebook Shops
Other formats
LinkedIn Live
23
Challenges in Influencer Marketing
1. Fragmented Attention and Content Saturation: In an
era where human attention spans are dwindling,
capturing and retaining audience focus is becoming
increasingly challenging. With only a tiny fraction of
sensory information able to hold our attention,
marketers must create content that stands out in a
saturated digital landscape.
24
New Opportunities in
Influencer Marketing
Leveraging AI for Efficiency: AI is transforming influencer
marketing by streamlining tasks like influencer identification,
content creation, and performance tracking, leading to greater
efficiency.
25
Emerging Trends in Influencer Marketing
26