Influencer Marketing: Its Notable Growth in Brands Valuation and Consumer Behavior

Influencer Marketing: Its Notable Growth in Brands Valuation and Consumer Behavior

Harish Kumar (Graphic Era Hill University, India), Raj Kumar Singh (Graphic Era Hill University, India), Megha Sharma (Graphic Era Hill University, India), and Anuj (Graphic Era Hill University, India)
Copyright: © 2024 | Pages: 18
DOI: 10.4018/979-8-3693-5298-4.ch011

Abstract

With the growing pace of digitalization and technical innovation, social media influencer marketing has rapidly increased as brands are investing a huge amount in influencer marketing. Influencer marketing is predicted to increase on every social media platform and is every brand's secret of investment, as a huge return on investment is observed. Electronic word-of-mouth is the feature through which customers post reviews and recommendations to others which influences customers' purchase behavior. This study aims to identify the importance of social media influencers and the brand's collaboration with them and its impact on consumers. This study concluded that technology and innovation have a positive impact on influencer marketing and consumer behavior.
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