Advanced measurement solutions help 94% of brands attribute sales to creator-led efforts, which are consistently outperforming traditional digital channels such as search and email
LOS ANGELES, June 7, 2023 /PRNewswire-PRWeb/ -- CreatorIQ, the end-to-end creator marketing platform powering efforts for over 1,000 brands and agencies, today released survey findings showing brands are diverting digital advertising budgets to creator-led marketing initiatives.
At a top-line, 67% of surveyed marketers report increasing their investment in influencer marketing from 2022 to 2023. Of those brands whose budgets increased, only 24% are working with a net-new budget and 76% are diverting the funds from other marketing activities, including digital ads.
The majority of marketers cite the advancements in measurement for this shift to creator-led marketing efforts, which are enabling them to understand both top- and bottom-of-funnel ROI down to the dollar. Not only can 94% of organizations attribute sales to creator content on social media, but marketers also report that creator-led efforts are consistently outperforming traditional digital advertising channels.
"Over the past few years, advancements in measurement solutions have enabled creator marketing to be compared alongside traditional digital channels," said Conor Begley, Chief Strategy Officer at CreatorIQ. "Now, at a time when macroeconomic factors are constricting ad budgets, brands and agencies have continued to double down on creator-led efforts, which have actually proven to be more efficient for driving impressions, engagement, conversions, and other full-funnel KPIs."
Some additional findings include:
- When it comes to creator compensation, the most frequent methods for paying creators include pay-for-content (60%), affiliate commissions based on sales (45%), and performance based on clicks (33%).
- Of the marketers surveyed, 77% reported actively transforming creators who share organically about their organization into brand partners, which allows them to yield authentic content from individuals with a pre-existing passion for their brand's products or message.
- The main reasons marketers attribute to creators converting are Authentic and Relatable (48%), Aspirational and Instructive (21%), Entertaining, (15%), Easier To Reach Consumers (15%).
The report surveyed 132 marketers who directly engage in influencer marketing, with 68% from brands and 32% on the agency side. This includes organizations of all sizes, with 37% of respondents from companies with more than 1,000 employees.
The full report is free to download here.
About CreatorIQ
CreatorIQ is the most trusted software to unify and power advanced influencer marketing for the world's most innovative enterprises. Its Intelligence Cloud facilitates data science-enabled creator discovery, streamlines workflow, ensures brand safety, and drives meaningful measurement. AB InBev, Airbnb, Calvin Klein, CVS, Disney, H&M, Sephora, and Unilever are just some of the brands that utilize CreatorIQ's platform to drive real business results across their influencer marketing ecosystems.
Founded in 2014, CreatorIQ is headquartered in Los Angeles with offices in San Francisco, Denver, Austin, Detroit, Chicago, Toronto, Miami, New York City, London, Auckland, and Kharkiv (UA). For more information, visit CreatorIQ.com.
Media Contact
Mike Gasbara, CreatorIQ, 1 5182278100, [email protected]
SOURCE CreatorIQ
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