Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (2024)

Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (1)

Influencer Marketing Has Hit Cryptoworld
The proliferation of cryptocurrencies over the past several years has led to a sharp recent increase in the number of paid influencers hired to help promote and legitimize both small and large players in the cryptoworld. Digiday

Google launches Reach Planner for YouTube & video ad forecasting in AdWords
Google is offering a more powerful video campaign reach estimate tool called Reach Planner, aimed at YouTube and Google Display Network advertisers, and featuring reach data to help find the best video product mixes. Marketing Land

80% Lose Trust in Local Businesses if Online Information is Incorrect
Businesses that have incorrect or inconsistent information online lose trust among 80 percent of consumers, while even out-of-date or poor quality photos cause 50 percent of consumers to have diminished trust, according to a recent report. Small Business Trends

Google Switches to Infinite Scrolling Mobile Search Results
Mobile Google search users will see infinitely-scrolling SERP entries in a test the Internet giant recently began rolling out, replacing multi-page results with a seemingly endless number of clickable “more results” offerings. Search Engine Journal

Facebook Discusses How Feed Algorithm Works
Facebook’s news-feed program leader has outlined portions of the company’s latest algorithm for determining what is shown, including a patented system of predictive modeling. Search Engine Journal

One in three trust an influencer’s words over what a brand says
Influencers are trusted more than brands, especially digital creators with over a million followers, according to new report data that also sees diminishing trust for micro-influencers. ZDNet

Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (2)

Pinterest reports 50% gain YoY in SMB advertisers
Pinterest’s SMB advertiser numbers have increased by 50 percent, with 1.5 million businesses using the platform to reach customers. The company has also announced the international expansion of its brand and agency-targeted Promoted Pins “Promote” button. Marketing Land

How Brands Are Getting More Sophisticated at Using Location Data
More sophisticated use of location data will drive related ad spending to $38.7 billion by 2022 according to recent research, and AdWeek explores how location data can best be harnessed and how it has evolved over time. AdWeek

First look at Instagram Nametags, its clone of Snapchat QR codes
More details and the first screenshots of Instagram’s forthcoming Nametags feature — similar to Snapchat’s Snapcodes offering — are now available, giving additional insight into how Instagram’s implementation of a special image scanning system will work. TechCrunch

ANA finds only 36% of marketers say their influencer marketing is effective
Just 36 percent of marketers consider their influencer marketing efforts to be effective, according to a recent Association of National Advertisers (ANA) report, however even more — some 44 percent — believe the jury may still be out on influencer effectiveness. The Drum

ON THE LIGHTER SIDE:

Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (3)

A lighthearted look at the point of sale from Tom Fishburne – Marketoonist

Here’s why Sesame Street is turning to Kickstarter for the first time – Fast Company

Q&A: How an Artist Turned a Lifetime of E-Waste Into a Stunning Celebration of Recycling – AdWeek

Enter the Intense World of Competitive Yo-Yoing – Wired

Impressive! Man Doubles Podcast Audience Overnight By Convincing Coworker to Listen – The Hard Times

TOPRANK MARKETING & CLIENTS IN THE NEWS:

  • Lee Odden – 46 Speakers to See at Pubcon Florida 2018 — Bill Hartzer
  • Lee Odden – I asked the world’s Top 100 digital marketers for advice. Here’s how they responded. — Medium
  • Lee Odden – [Interactive Guide] Take Your Content Marketing Program Back to the Future with DivvyHQ — DivvyHQ (client)

Don’t miss next week, when we’ll be sharing all new marketing news stories, and in the meantime you can follow us at @toprank on Twitter for even more timely daily news. Also, don’t miss the full video summary on our TopRank Marketing TV YouTube Channel.

Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (4)

About the author

Lane R. Ellis has over 40 years’ experience working with and writing about the Internet. He writes for and manages all of the posts on the award-winning TopRank B2B Marketing Blog. Before joining the team here as Social Media and Content Marketing Manager, Lane spent more than a decade as Lead Editor for the prestigious conference firm Pubcon. When he's not writing about B2B marketing trends, Lane enjoys distance running (he's completed 11 marathons including two ultra-marathons so far), genealogical research, cross-country skate skiing, vegetarian cooking, and spending time with his wonderful wife Julie Ahasay and their cats Kukla, Twister, and Arlo in beautiful Duluth, Minnesota.

Digital Marketing News: Cryptofluencers, Google's Infinite Scrolling, Influencer Trust Grows (2024)

FAQs

What is the success rate of influencer marketing? ›

Influencer campaigns result in an average engagement rate of 4.2%, surpassing traditional advertising methods. 4. Over 60% of consumers trust recommendations from influencers when making purchasing decisions.

Do people trust influencers more than brands? ›

As of March 2023, nearly 50 percent of 10 millennials worldwide found influencers' recommendations of a brand or product more engaging than regular advertisem*nts. For 36 percent of the respondents, influencer recommendations were also considered more trustworthy than average ads.

Is influencer marketing the next big thing? ›

Influencer marketing is absolutely the next big thing in advertising, revolutionising the way brands engage with consumers.

How many consumers trust influencers? ›

4. 69% of consumers trust influencer recommendations. This statistic from Matter Communications demonstrates the growing importance of social media influencers for brands to connect with their audiences.

What is the highest salary for influencer marketing? ›

Highest salary that a Influencer Marketing Manager can earn is ₹12.0 Lakhs per year (₹1.0L per month).

Does influencer marketing really work? ›

Influencer marketing helps brands with precise audience targeting by connecting brands to influencers whose followers align with the brand's target demographic. This ensures their message reaches the right audience and is delivered from a perspective that resonates with the audience, making the campaign more effective.

Is influencer marketing a bubble? ›

While the influencer 'bubble' may indeed burst, it is likely to give way to a more sustainable, transparent, and impactful era of influencer marketing.

Is influencer marketing going away? ›

The influencer approach isn't going away; It's had an impressive growth trajectory. And it's projected to reach $69.92 billion by 2029.

How fast is influencer marketing growing? ›

In 2023, influencer marketing has experienced exponential growth, becoming a dominant force in the advertising industry. Recent statistics indicate that the global spending on influencer marketing campaigns has surged by an impressive 75% compared to the previous year.

What is the ROI of influencer marketing? ›

What is the average ROI for influencer marketing? On average, brands make $5.78 for every $1 spent on influencer marketing. The top 13% of businesses drive $20 or more in revenue for every $1 spent. Keep reading to find out how much your influencer marketing ROI is, and how to beat the average.

Where do most influencers post? ›

It turns out that Instagram is seen as the most important platform for influencer marketing. Not only can brands have influencers post to their main feed, but they can also have them share Stories posts.

How much does Gen Z trust influencers? ›

55% of Gen Z trusts influencers over traditional celebrities, emphasizing the pivotal role influencers play in shaping brand perception. The genuine interactions and down-to-earth personas of influencers resonate more with Gen Z than the polished image of mainstream celebrities.

What is the average return on influencer marketing? ›

Companies typically earn $5.20 for each dollar invested, Influencer Marketing Hub reported in January, and for the highest-performing of businesses (roughly 13%), the return balloons up to $20 or more for every dollar expended.

What is the growth rate of influencer marketing? ›

Get Sample Copy of Influencer Marketing Market Report

According to the latest research, the global Influencer Marketing market size was valued at USD 11894.23 million in 2022 and is expected to expand at a CAGR of 21.15% during the forecast period, reaching USD 37612.3 million by 2028.

How effective is influencer marketing on Gen Z? ›

Influencer marketing is a powerful and effective way to target and engage younger audiences, such as Gen Z and Millennials, who are the most active and influential users of social media. However, influencer marketing for Gen Z and Millennials is not a one-size-fits-all strategy.

What is the average engagement rate for influencer marketing? ›

Desired engagement rates will always be different for every business and social media platform, but our rule of thumb is that influencers generally fall into one of the following categories: Less than 1% = low engagement rate. Between 1% and 3.5% = average/good engagement rate. Between 3.5% and 6% = high engagement ...

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