Influencer marketing is everywhere on social media today, but how effective is it when it comes to marketing strategies?

Here are our influencer marketing statistics that you should know about:

General Influencer Marketing Statistics

  • Influencer marketing is projected to be a $24 billion industry by the end of 2024 (Influencer Marketing Hub)
  • Over half of brands who work with influencers run ecommerce stores (Dash App)
  • Nano-influencers tend to have between 1,000 and 4,999 followers (Shopify)
  • Micro-influencers tend to have between 5,000 and 20,000 followers (Shopify)
  • Mega-influencers tend to have between 100,000 and 1 million followers (Shopify)
  • Most celebrities have more than 1 million followers (Shopify)
  • Businesses are more in favor of hiring nano (44%) and micro (26%) influencers as opposed to celebrities and macro influencers (Influencer Marketing Hub)
  • And ¼ of influencers will buy fake followers (Shopify)
  • 56% of businesses state that their main purpose of investing in influencer campaigns is to create user generated content (UGC), with generating sales coming in second at 23% (Influencer Marketing Hub)
  • When it comes to compensation, paying influencers is now the norm coming in at 41% with 31% stating the give them a free product (Influencer Marketing Hub)
  • However, it is worthwhile to note that 93% of influencers are willing to work with a brand for free products, especially if they love the brand (Dash App)
  • The surge in influencer marketing means brands will spend an estimated $9.29 billion on influencer-related marketing campaigns in 2025 (Shopify)
  • 60%+ of brands work with more than 10 influencers (Influencer Marketing Hub)
  • 56% of people say the main purpose of running influencer campaigns is to create User Generated Content (Influencer Marketing Hub)
  • 59.4% of those respondents who budget for influencer marketing intend to increase their influencer marketing budget over the next 12 months (Influencer Marketing Hub)