HAVAS Red (formerly Red HAVAS), the global merged media micronetwork has today released its inaugural The State of the Influencer in 2024: A Client’s Perspective whitepaper.
To understand how influencer marketing is evolving, HAVAS Red surveyed clients across ten markets – Australia, Ireland, Germany, Italy, Japan, The Philippines, Singapore, UAE, the U.S., and the U.K. These clients spanned a range of industries and sectors, from health and wellness, technology, and food and beverage to automotive, manufacturing, and tourism and travel. Clients shared their experience, what works and what doesn’t, how to drive the bet outcomes and where they believe influencer marketing is heading.
Says James Wright, global CEO of the HAVAS Red Group and global chairman of the HAVAS PR Global Network: “As an industry, we’ve observed how the influencer category is ever-expanding and increasingly emerging and recognised as a performance channel. Influencer marketing is driving measurable opportunities for both consumer and corporate brands globally, delivering higher engagement and paving the way for accelerated consumer conversion.
“Our report delves into influencer marketing at an industry level to help brands navigate the evolving landscape and inform strategic thinking. The findings of this report are insightful for brands when shaping their overall strategy, as it demonstrates the scale of influencer marketing, as well as offering insight into how and why brands are engaging with influencers. Brands that succeed in 2024 will be creatively integrating influencers into wider campaigns as a full-funnel marketing channel.”
Key takeaways from the report were:
- 1. The media landscape is converging with social media. As consumers lose trust in traditional media, they’re turning to influencers who can play a crucial role in expanding the brand’s online presence.
- 2. Influence has been democratised. Over 97% of brands identify content creators as influencers, highlighting the shift away from traditional celebrities as influencers toward a new reality where anyone can become an influencer.
- 3. Influencers are generating engagement through social proof. There are more opportunities for brands to utilise influencer marketing to reach a targeted and relevant demographic, delivering content that offers the potential to drive higher engagement and brand conversion.
- 4. Video formats are the most effective tactic in the influencer toolbox. With 86% of brands revealing that video content resonates more effectively with most campaigns compared to static formats, brands are harnessing the power of influencer marketing for storytelling and creatively and visually, bringing campaigns to life.
- 5. Finding the right fit for ROI in influencer campaigns. While 92% of brands believe that measuring influencer performance is crucial for understanding the return on investment, brands identified that one of the most prominent challenges is identifying the right influencers to achieve ROI.
The State of the Influencer in 2024: A Client’s Perspective whitepaper is available to download here.
