By Shiva Bhavani
Influencer marketing is not a new concept, but it has evolved significantly in the past few years. Influencer marketing is the practice of collaborating with individuals who have a large and engaged following on social media platforms, such as Instagram, YouTube, TikTok and others, to promote a brand, product, or service. Influencer marketing can help brands reach new audiences, increase brand awareness, generate leads and drive sales.
According to a report by Influencer Marketing Hub, the influencer marketing industry was expected to grow to approximately $21.1 billion in 2023, and to reach $69.92 billion by 2029, at