The State of Influencer Marketing 2018 - Linqia
[Pages:14]The State of Influencer Marketing 2018
A look into how brands and agencies view the future of
influencer marketing
PHOTO BY:
GENTRI L?E2E01F7OLiRnqHia?, InAcG. AElNl riDghAtsZrSeserved.
!
92% of marketers who used influencer marketing in 2017 found it to be effective. As the industry matures, marketers are using integrated strategies to impact lower funnel metrics in 2018.
The State of Influencer Marketing 2018 was designed to understand how brands and agencies are using influencer marketing and how they plan to leverage the channel in 2018. 181 marketers and their agencies participated in the survey in November 2017 across a variety of industries, including CPG, Food & Beverage, Media, and Retail.
According to the survey, 86% of marketers used influencer marketing in 2017, 92% of whom found it effective. The continued widespread adoption of influencer marketing indicates that the channel is becoming an integral part of the marketing mix and is not a passing fad.
BUDGETS ARE INCREASING IN 2017
39% of marketers surveyed plan to increase their influencer marketing budget in 2018, with only 5% planning to decrease their investment in the channel. 30% of marketers report that they will spend between $25K - $50K per program and 25% report that they will spend between $50K - $100K per program in 2018. 19% plan to spend over $100,000 per program, up from 13% last year. 46% of marketers run between 2 - 5 programs per year per brand and 31% run more than five programs per year per brand, with enterprises typically holding portfolios of dozens of brands.
"39% of marketers
plan to increase
their influencer
marketing budget in 2018."
How is your influencer marketing budget going to change in 2018?
Increase
39%
Decrease
5%
Stay the Same
21%
Not sure/ Don't know
35%
0%
10%
20%
30%
40%
50%
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!
On average, how much do you spend per influencer marketing program?
Under $10K
11%
$10K - $25K
22%
$25K - $50K
30%
$50K - $100K
24%
$100K - $250K
9%
$250K - $500K
2%
Over $500K
2%
0%
10%
20%
30%
40%
50%
How much do you plan to spend per influencer marketing program in 2018?
Under $10K
7%
$10K - $25K
19%
$25K - $50K
30%
$50K - $100K
25%
$100K - $250K
11%
$250K - $500K
5%
Over $500K 3%
0%
10%
20%
30%
40%
50%
How many influencer marketing programs do you typically run per year per brand?
1 - 2
2- 5
5 - 10
10 - 15
6%
More than 15 3%
0%
10%
3%
3 ? 2017 Linqia, Inc. All rights reserved.
24% 21%
30%
20%
30%
46%
40%
50%
!
Measuring the ROI of Influencer Marketing
76% of marketers cite measuring the ROI of influencer marketing as their top challenge for 2018. However, advanced marketers are starting to look at the full consumer journey, holding influencer marketing accountable for driving lower funnel metrics in addition to awareness and engagement. When measuring the success of influencer marketing programs, marketers cite engagement (90%), clicks (59%), and conversions (54%) as top performance indicators.
"Marketers cite engagement
and clicks as top performance
indicators."
In 2017, 46% of marketers also used product sales to determine the success of a program, a notable jump from just 34% in 2016. Conversely, 50% of marketers measure success based on reach, an 11% drop from last year. This signals a shift away from surface level metrics that are impossible to measure organically as marketers become more sophisticated.
How do you measure the success of your influencer marketing programs?
Engagement Clicks
Impressions Conversions
Reach Product Sales Audience Alignment
Other 2%
0%
59% 55% 54% 50% 46% 29%
25%
50%
90%
75%
100%
4 ? 2017 Linqia, Inc. All rights reserved.
!
A SHIFT IN OWNERSHIP
Influencer marketing has traditionally been viewed as a PR/communications tactic and is widely used as a reach and awareness tool. However, as the industry matures, there has been a clear shift in ownership. The survey found that 38% of influencer marketing owners are on advertising/media teams, whereas only 15% are with PR/communications, a notable decrease from 31% last year. Media teams are taking ownership of influencer marketing as targeting capabilities evolve and budgets continue to increase, and are managing programs with the same rigor that they use to manage other digital advertising channels.
What is your functional area?
Advertising/Media
Brand Marketing
PR/Communications
Shopper Marketing
Content Marketing
Other
5%
Product Marketing 0%
0%
17% 15% 15% 11%
10%
20%
38%
30%
40%
BEHIND THE CAMERA AND DREAMING FOR LARABAR
NICOLE BANUELOS FOR SMUCKERS
LET IT BE BEAUTIFUL FOR COTTONELLE
MOM JEANS & MIMOSAS FOR FIJI
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Managing Influencer Marketing
WORKING WITH INFLUENCER MARKETING PARTNERS
Influencer marketing programs can be time-consuming to manage, and marketers must make room for influencer marketing in an already bustling schedule. As a result, the amount of time it takes to manage influencer marketing programs is ranked as one of the top challenges of 2018. To alleviate the strain on bandwidth, 42% of marketers partner with a managed service or "turn-key" provider to run their influencer marketing programs and another 18% rely on their agencies to plan and execute campaigns. 19% manage programs in-house and 14% use a blended approach. At only 7%, using a self-service platform is the least common choice.
"42% of
marketers partner
with a managed service."
How do you manage your influencer marketing programs?
Turnkey service provider
In-house
19%
I outsource influencer marketing to an agency
I use a mix of provider types
18% 14%
Self-service platform
7%
0%
10%
20%
42%
30%
40%
50%
6 ? 2017 Linqia, Inc. All rights reserved.
!
WORKING WITH INFLUENCERS
As marketers gain more experience working with influencers and find trusted partners to work with, they are scaling the size of their influencer marketing programs. 63% of marketer are now working with 10 or more influencers per program. In 2017, nearly a quarter (24%) of marketers worked with 25-50 influencers per program, an increase of 14% from the previous year, while only 34% of marketers worked with 10-25 influencers per program, down from 52% in 2016.
How many influencers do you typically work with in a program?
1 - 10
37%
10 - 25
34%
25 - 50
24%
50 - 75
3%
75 - 100 0%
More than 100 1%
I'm not sure 1%
0%
10%
20%
30%
40%
50%
92% of marketers cite Instagram as the most important social network for influencer marketing in 2018, followed by Facebook (77%). At 71%, blogs are a close third, up from 48% in 2016. However, the blog's rise in importance comes at the expense of Snapchat, which was named the least important social network for influencer marketing in 2018 by 50% of the marketers surveyed.
7 ? 2017 Linqia, Inc. All rights reserved.
!
Which social platforms are most important to your influencer marketing strategy going into 2018?
Instagram Facebook
Blogs YouTube Pinterest Twitter Snapchat
Other 1%
0%
26% 22%
42% 39%
25%
50%
92% 77% 71%
75%
100%
Which social platforms are least important to your influencer marketing strategy going into 2018?
Snapchat
Twitter
Pinterest
YouTube
Blogs
16%
Instagram
10%
Facebook
9%
Other
2%
0%
10%
8 ? 2017 Linqia, Inc. All rights reserved.
34% 28%
20%
30%
50% 50%
40%
50%
!
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