Beyond the chart: US TikTok influencer marketing spend will pass the $1 billion mark next year and make up 17.1% of influencer marketing spend. That’s a massive jump from just 2.3% in 2019.
The average going rate for TikTok feed posts is less than for YouTube or Instagram, according to Glewee. As a result, marketers can—and should—experiment with unique content on TikTok while costs are still minor and outreach is major.
More like this:
Read yesterday’s Chart of the Day here.
Methodology: Data is from the July 2022 Sprout Social "Creator Economy Report." 516 US social media marketers were surveyed during May 19-25, 2022. Participants were recruited by Lucid and had previously or are currently planning on working with content creators within a three to six month period.