Brands shifting to micro-influencers for marketing

Big brands are now turning to small-time social media influencers to boost their brand awareness and ramp up sales. FILE PHOTO | FOTOSEARCH

Big brands are now turning to small-time social media influencers to boost their brand awareness and ramp up sales, resulting in a dramatic rise in influencer marketing in the last year.

A new report by global media monitoring firm, Meltwater, suggests that the number of sponsored posts shared by internet influencers rose to about 3.8 million last year, a 26.7 percent increase from the three million recorded in 2020.