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Working With An Influencer Marketing Agency Works Now: Take Advantage Before Social Media Algorithms Change

Aug 21, 2024

2 min read

In today's fast-paced digital landscape, influencer marketing has solidified its place as one of the most effective marketing strategies. As more brands turn to influencers to engage their target audiences, the window of opportunity is wide open. However, with constant changes to social media algorithms, this landscape could shift overnight. That’s why now is the time to capitalize on influencer marketing before the rules of the game change.

In this blog, we’ll explore why influencer marketing works, provide key statistics, and use charts and graphs to highlight why brands need to act fast.


The Growth of Influencer Marketing: A Booming Industry


Influencer marketing has grown exponentially in recent years. According to a recent report by Influencer Marketing Hub, the industry is set to grow to approximately $21.1 billion in 2023. In 2016, the market size was just $1.7 billion, which shows a compound annual growth rate (CAGR) of 48%.



Growth Of Influencer Marketing Industry (2016–2023)
Growth Of Influencer Marketing Industry (2016–2023)


Consumer Trust in Influencers


A key reason influencer marketing works is that consumers trust influencers more than traditional advertising. According to a survey by Mediakix, 80% of marketers find influencer marketing effective, while 89% say the ROI is comparable to or better than other marketing channels.

Notably, a study by Nielsen found that 92% of consumers trust recommendations from people they know or follow over traditional brand advertisements. This level of trust is what makes influencers so valuable.



Consumer Trust Levels: Influencers vs. Traditional Advertising
Consumer Trust Levels: Influencers vs. Traditional Advertising


Engagement Rates: Influencers vs. Brands - Working With An Influencer Marketing Agency Works


Brands that partner with influencers often see engagement rates significantly higher than those from traditional brand posts. On Instagram, for example, influencer content enjoys an average engagement rate of 2.6%, compared to 0.8% for brand posts. This means that influencers not only reach more users, but their audiences are more likely to interact with the content.



Engagement Rates of Influencers vs. Brand Posts on Instagram
Engagement Rates of Influencers vs. Brand Posts on Instagram


Why You Should Act Now: Algorithm Changes are Coming


Despite its success, the influencer marketing landscape is highly susceptible to changes in social media algorithms. Platforms like Instagram, TikTok, and YouTube frequently alter how content is displayed, making it harder for organic reach to thrive. As algorithms prioritize paid content and platform-native features (like Reels or Stories), influencer marketing could become more expensive and less accessible in the near future.



Timeline of Major Social Media Algorithm Changes (2018–2023)
Timeline of Major Social Media Algorithm Changes (2018–2023)


This timeline will map out major algorithm updates from key platforms, illustrating how these changes can impact influencer content visibility.


Take Action Now


The effectiveness of influencer marketing lies in the current environment, where consumers trust influencers and engagement rates are high. However, with algorithm changes looming, the strategy might not be as simple or cost-effective in the future.

If you’re thinking about investing in influencer marketing, now is the time to take advantage of the current algorithms while they still work in your favor. Working with an influencer marketing agency does not have to break the bank.




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