The State of Influencer Marketing 2025
The State of Influencer Marketing 2025
of Influencer
Marketing
2025
Preface
At the time of this report’s release, social media is in flux:
TikTok’s fate hangs in the balance, Meta’s latest policy
changes are stirring controversy, X users are migrating
to Bluesky — the list goes on.
With that in mind, let’s dive into the key insights shaping influencer
marketing in 2025 and the opportunities that lie ahead.
2
Table of Contents
3
Introduction
Understanding the Data
This Year’s Key Findings
Understanding the Data This year, we’re leveraging this data to dive deep into:
We’re excited to bring back our annual industry benchmark Average engagement metrics
report, The State of Influencer Marketing, for the seventh
consecutive year. Influencer pricing benchmarks
This report uses statistics from Aspire’s internal data, as well as survey
results from over 1,000 marketers and creators, to reveal insights about
Influencer campaign trends
the ever-evolving influencer marketing industry.
Through our partnerships with Meta, Pinterest, and TikTok, we gain API
access to deeper audience insights from our creators across various Our predictions for 2025
platforms. Hundreds of thousands of creators also grant us access to
performance data from their official social accounts, which allows us to
track real-time, first-party data so we can share our learnings in reports And much more
such as this one.
Introduction 5
Of the marketers surveyed:
Introduction 6
Of the creators surveyed:
Introduction 7
This Year’s Key Findings
Don’t have time to dive into the full report right now? Here are
the top trends and must-know insights from this year’s report.
83%
of marketers plan to Average influencer YouTubers achieve
and creators, with creators
increase their influencer marketing CPM dropped a whopping
on Aspire driving
53% 73%
marketing budgets in
71%
2025, but the exact
amounts they’re planning
to invest vary significantly, of creators are still willing
reflecting the diversity in to work with brands for
company sizes, revenue, year-over-year – a clear just free products, if they average engagement
and priorities of brands indicator of this channel’s more affiliate revenue love the brand or the rate, signaling a return to
leveraging this channel. growing cost efficiency. year-over-year. product value is high. long-form video content.
Introduction 8
The Current
State of
Influencer
Marketing
Going Beyond the Funnel
The Golden Age of Influencer Marketing
Going Beyond transforming the buyer’s journey into an infinite loop
of inspiration, exploration, community, and loyalty.
Gen Z, born between 1997 and 2012, has Shoppers today increasingly rely on trusted
completely reshaped the consumer landscape. recommendations from creators on social media
With different priorities, influences, and technology platforms like TikTok and Instagram to discover,
than previous generations, their buying journey is research, and purchase products.
far from predictable.
By leveraging influencer marketing, brands can
These digitally native consumers live in a world join forces with real people to create meaningful,
where social media serves as their marketplace, engaging experiences that drive results.
entertainment, social hub, and news source —
This will continue to be the trend in 2025, with the majority of brands
saying they’ll invest more into Instagram and TikTok this coming year.
Average Engagement
Rate by Follower Count 41% Nano
2.5K -25K followers
As social media algorithms evolve, the rules of Nano (2,500-25,000 followers): 7.18%
influence are shifting. It’s no longer just about Micro (25,000-60,000 followers): 4.77% 29% Mid-tier
60K - 250K followers
having millions of followers. Whether you’re a social
Mid-tier (60,000-250,000 followers): 5.05%
media superstar with 10 million fans or a devoted
Macro (more than 250,000 followers): 4.34%
customer sharing with 10 close friends, anyone 10% Macro
can inspire action. 250K - 1M followers
1% Mega
In the current era of influence, follower count takes Our survey also revealed that a growing number 1M+ followers
a back seat. In fact, our internal data shows that of brands are leveraging creators with smaller
nano-influencers consistently drive far higher followings for their relatable content, highly
61%
engagement rates across every platform compared engaged audiences, and lower cost.
to their macro counterparts — a testament to the
*These engagement rate averages are calculated across all social media platforms.
power of authentic, close-knit connections. For platform-specific breakdowns, refer to the next page.
Following trends from the last several years, YouTube is leading the
charge in terms of engagement, validating that video content continues
to rise in popularity.
73%
portion of interactions on YouTube.
Instagram prioritizes original content over reposted Balance Reels, Stories, carousels, and image posts to
Based on both our internal data and survey
material, giving it better visibility in recommendations stay algorithm-friendly. Data shows still images and
results, Instagram continues to reign as like Explore and Reels. For brands repurposing carousels often outperform Reels in engagement,
the most popular platform for influencer influencer-generated content, use the “Paid especially for sponsored posts.
marketing heading into 2025. Partnership” label or tools like Partnership Ads
to maintain authenticity and boost reach. 5. Optimize hashtag usage
As a result, Instagram has rolled out many new
2. Work with creators from all tiers Stick to 5-8 relevant hashtags (no more, no less) in
algorithmic changes (see below) in favor of brands
your captions to expand reach, avoiding overly generic
and creators on the platform.
The algorithm now exposes content to small audiences or excessive tagging.
first and expands reach as engagement grows. This
Here are some actionable tips to make the most
change levels the playing field, giving creators at every 6. Make your content share-worthy
of the current content ranking system:
tier a fair shot at wider visibility.
Because more people now engage within DMs than with
3. Get on Threads feed posts, Instagram prioritizes private shares. Focus
on creating inspiring, relatable, or positive posts that
For more details, check out our deep dive into
Threads activity is known to boost Instagram growth. people will want to share via DMs for better reach.
the Instagram algorithm.
Post 5 times a week and engage with others to get
noticed by the algorithm. 7. Use trending audio
On January 19th, the app temporarily went dark for US users, only to be
restored 12 hours later after President Trump signed an executive order
granting ByteDance a 75-day extension to sell TikTok to a non-Chinese
owner.
Beyond commerce, TikTok has shaped the culture and trends in the US.
The platform has been the driving force for movies to gain popularity, for
songs to top the charts, and for consumers to flock to the grocery store
to buy cucumbers and feta cheese.
If TikTok remains in the US – and continues to operate 3. Diversify your channels: If recent events
as it always has – brands should: have taught us anything, it’s that relying on a
single platform is risky. Even if TikTok stays,
1. Leverage TikTok creators: As we’ve all witnessed brands should expand across multiple platforms,
over the years, TikTok creators can push even experiment with new content formats, and build
mundane products — like cottage cheese — into viral direct audience connections to stay adaptable
sensations. Work with creators to develop engaging — no matter what happens next. Do you sell via TikTok Shop?
branded content, and use Spark Ads to amplify your
top-performing videos and drive sales.
45% No, but we plan to
2. Get on TikTok Shop: Despite ongoing uncertainty 38% No, and we don’t
around TikTok, sales on TikTok Shop surged both plan to
before the ban and immediately after it was lifted. On
17% Yes
January 19 alone, the platform saw nearly a $5 million
week-over-week increase compared to January 12.
If you’re using CPE to figure out a base rate for an influencer use this
CPE formula.
$0.47 $0.53
Price per post = Recent average engagements x CPE
$0.23 $0.24
1. Gather the influencer’s content for the last couple of months, aiming
for at least 15 posts.
* This CPE data is based on engagements driven by paid partnerships on
2. Calculate the average number of engagements on those posts to Aspire, and excludes data from unpaid or product-only collaborations.
find the number of recent average engagements.
Pricing 22
Cost-Per-Mille (CPM)
Average cost-per-mille
per channel*
Cost per mille (CPM) is the cost an advertiser pays
for one thousand views or impressions on an $5.80
influencer’s post.
Pricing 23
Pricing 1. Reach 4. Content type and post requirements
Discrepancies
While we encourage brands to look beyond follower Many partnerships today are multi-post engagements,
count, it’s still true that a macro-influencer with millions meaning that creators deliver a bigger content package
in reach will likely charge more than a micro-influencer — creating 3-4 posts versus just 1, for example. Keep in
with a smaller following. This is because creators mind that creators will charge additional fees depending
Generally across all social with larger audiences have the ability to spread brand on how much effort it takes to create the deliverables
channels, there are multiple awareness at a greater scale — similar to running a you’re asking for.
commercial during a TV program with high viewership.
factors that determine how 5. Content usage rights
much brands pay an influencer. 2. Engagement
While some smaller creators view repurposing or
Engagement metrics, such as comments and saves, amplifying their content as a major value-add — and
Brands and creators typically negotiate
are a strong indicator of brand love and can show therefore allow you to use their content for free —
based on these factors:
purchase intent from existing and new customers. many creators today will expect additional payment
If an influencer’s post garners high engagement, for brand ownership of their content. The pricing
there’s a chance that it could translate into sales down typically depends on the length of time in which
the road. Therefore, an influencer who consistently you’re looking to repurpose content, and where
achieves high engagement can have pricier rates. that content will be repurposed.
Because exclusivity prohibits influencers from posting, 83% of influencers are still willing to work with a brand
promoting, or being affiliated with any other advertiser for just free products as long as they love the brand or
for a period of time, creators will expect to be paid the product value is high. The higher the value of the
more in lieu of taking on other brand partnerships. product you’re offering, the more room you have
to negotiate price.
Pricing 24
7. Industry
8. Experience
Pricing 25
Let’s Talk Budget Do you plan to increase or decrease your influencer
marketing budget in 2025?
In 2024, brands invested 26% of their marketing budgets,
on average, toward influencer marketing.
We foresee this number surging up in the next year, as 71% of 71% 9% 20%
Increase Decrease Stay the Same
marketers plan to increase their investment in this channel in 2025.
0 26% 100
Average
Pricing 26
Exactly how much are marketers gearing up to spend in 2025?
Our survey reveals a fascinating divide: 50% are working with budgets
under $50K, while the other half are committing anywhere from $50K
to a staggering $10 million. These figures reflect the diversity in
company sizes, revenue, and priorities of brands leveraging
influencer marketing.
27% $50K-$250K
9% $250K-$500K
7% $500K-$1M
6% $1M-$5M
1% $5M-$10M
Pricing 27
What are some ways you’ve gotten additional budget
What Brands approved for your influencer marketing initiatives?
are Saying
“ “
Capitalize on organic brand buzz Prove tangible ROI
If you’re looking to secure more
budget and executive buy-in for “If our marketing team sees direct impact from an “Compile results from previous influencer marketing
influencer marketing, try these organic influencer video, we’re more likely to get campaigns and show how these activations have
additional budget approved to work with the influencer contributed to greater company goals. There needs to
expert-backed strategies, straight
in a formal partnership.” be a direct link to increased lead gen that is measurable
from our survey respondents. and that cannot be done in-house.”
Pricing 28
Would you work for a brand just for free product?
Creator Rates
On the creator side, 57% plan to increase While many creators appreciate receiving free
17% No
products, the majority emphasize a preference for
their rates in the coming year to fit their
paid collaborations, as it signals that the brand 26% Yes, if product
growing audience and content expertise. values their craft. In product-only campaigns, value is high
83%
only versus paid campaigns. building lasting partnerships.
Pricing 29
What Creators “
The value of gifted products often does not align with my
“
“It depends on the type of content that the brand wants
worth as a content creator. Additionally, I am responsible posted. Reels are labor intensive while static posts take less
are Saying for paying taxes on gifted items, which can amount to
nearly half the product’s value. For this reason, it only
time. Reels should be compensated accordingly.”
“
“When evaluating potential partnerships, products that
offer substantial value, align seamlessly with my personal
“
“I believe both product-only and paid campaigns have
preferences, and resonate with the content I aim to share value, but they serve different purposes. Product-only
with my audience. The product’s intrinsic worth should campaigns allow me to test and genuinely connect with a
significantly outweigh any monetary considerations, brand or product before recommending it to my audience,
particularly in the context of paid campaigns. In such which helps build trust. However, paid campaigns reflect
cases, the focus shifts towards aligning content with the the mutual value between the brand and the creator,
brand’s identity and addressing the specific needs of the recognizing the effort, time, and creativity that goes into
target audience. This strategic approach ensures that crafting authentic content. Ideally, a combination of both
collaborations not only enhance my personal experience allows for a balance testing products organically while
but also deliver meaningful value to my followers, ensuring a fair partnership for content creation.”
ultimately fostering a strong and authentic connection
with my community.
Pricing 30
Campaign
Production
& Content
Campaign Overview
Campaign Breakdown
All About Content
What is the most important factor when choosing
brands to work with?
Campaign Overview
In 2024, the average campaign had: As for campaign spend, brands spent 15% more
year-over-year, confirming the growing value that
25 creators brands see in influencer marketing.
41%
and impressions are similar to last year’s figures, collaborate with a company.
showcasing that campaign health has remained
steady over the last calendar year.
But the savviest brands didn’t stop there — they diversified their programs
and matched creators with campaigns tailored to their unique strengths,
whether that’s creating engaging UGC or driving mass sales. Brand Ambassadors
Let’s take a look at the top campaign strategies that stole the show in
the past year.
Affiliate Programs
Campaign Production & Content 33
Product Seeding
Product seeding campaigns had a major moment this year,
making up nearly 20% of campaigns on Aspire. On average,
brands gifted products to between 20 to 100 creators per
month, with no expectation for them to post.
While the majority of these product seeding campaigns are termless (no
obligation to post), creators can’t resist sharing when they’re incentivized
20%
by elevated PR experiences, higher frequency of gifting, and personalized
touches that encourage them to start engaging with the brand. For brands
that executed this well, product seeding became the secret weapon for
building a loyal, buzzing community.
of campaigns on Aspire
are Product Seeding
campaigns on Aspire, but these programs took the cake 7% Other strategy
But ambassador programs aren’t just the top strategy for brands 17% One-off campaign
— they’re also creators’ favorite way to collaborate. In fact, 62% of 14% UGC campaign
creators say they prefer long-term partnerships over any other type
4% Affiliate campaign
of campaign.
3% Other
40%
Together, these creators drove an impressive $48 bumps, free gifts, and bonuses for achieving
million in revenue on Aspire in 2024, a stunning 71% sales milestones. By doing so, you can create
year-over-year growth. This revenue is directly an environment where affiliates feel motivated,
attributed to their affiliate links and codes, showing valued, and inspired to push for greater results.
that brands aren’t just paying influencers for exposure
Brands embracing affiliate marketing early are
— they’re tying influencer spend directly to revenue. of creators participated in
positioning themselves as creators’ top choice
multiple affiliate campaigns in 2024
and are primed to win big with audiences in 2025.
88%
of influencer marketing’s earliest days. Take a video-first approach to content. Video
content, specifically short-form video, has
With the growing popularity of no-frills TikTokers continuously risen in popularity over the last
and platform-native editing software, lo-fi content few years — with no signs of slowing down.
is taking over — from chatty “Get Ready With Me” Work with creators to produce casual short-
makeup tutorials, to “storytime” videos that feel like form videos, such as try-on hauls, taste tests, of marketers are investing in
you’re on FaceTime with a friend. unboxings, and more. short-form video content in 2025
Planning-intensive On demand
Similar subjects and locations Optimized for digital and social channels
Looking Forward 41
Our 2025 Predictions
The return of the blog: With platforms like Substack on the rise,
we predict a return to longer-form written content that will perfectly
complement your short-form video content. The most successful
brands will give Substack creators the freedom to choose how and
when to integrate their products. This could be as simple as providing
optional affiliate links.
Looking Forward 42
5 Influencer Marketing Best Practices
Prioritize long-term partnerships. Focus on cultivating deeper Diversify your channels to stay ahead. Social media evolves
relationships with your creators and invite top performers to be part of quickly, and relying on one platform can leave brands vulnerable.
your ambassador program. This will elevate your brand’s relationship To future-proof your influencer marketing, spread your presence
with your creators, as well as the creators’ relationships with their across multiple platforms, experiment with content formats, and
audience, as partnerships will be perceived as much more authentic. build direct relationships with your community. A diversified strategy
reduces risk and unlocks growth opportunities.
Incorporate affiliate marketing into your overarching influencer
strategy. By integrating affiliate links and codes into your influencer Invest in an influencer marketing platform and expert content
marketing campaigns, you can seamlessly introduce a new revenue strategists. Solutions like Aspire automate the difficult parts of
stream and supercharge conversions through authentic influencer influencer discovery, vetting, negotiation, content creation, payments,
content. This will also help you track and attribute sales to your and analytics. The more you invest into influencer marketing – both
influencer marketing efforts. in strategy and tools – the more output you’ll see in terms of ROI and
brand lift.
Leverage creator content for your paid channels. 60% of marketers
say influencer-generated content performs better than brand-directed
content. Plus, IGC provides the volume and variance of content
needed to boost your ad channels and stretch your budget. This
means that by fueling your performance channels with IGC, you can
optimize ad spend, maximize ROAS, and reduce CAC.
Looking Forward 43
Getting Started
To elevate your influencer marketing program in 2025, invest in Our Agency Services offering includes:
Creator relationship management system Dedicated account staffing with demonstrated category expertise
E-commerce integrations with Shopify, WooCommerce and more “Flex and flow” servicing paradigms custom-designed to deliver
seamless management of seasonal/promotional events, tentpoles,
ROI measurement and analytics suite affiliate programs, and always-on IGC and UGCSearchable
content library
Ad amplification integrations with Meta, TikTok, and Pinterest
Searchable content library To learn more about how Aspire helps brands achieve
And much more! success, get in touch with us.
Getting Started 44