Marketing News

Low Marketing Budgets Drive Earned Media Models To Cut Costs

Marketing budgets are down 7.7% per influencer marketing agency Socially Powerful, prompting brands to look into earned media models to save money.

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By: Lianna Albrizio

Associate Editor

Influencers are known to draw crowds, but brands are drawing a line as to how much they’re willing to pay them. In fact, per a new report from Socially Powerful, an influencer marketing agency in the US, UK, Europe and the Middle East, marketing budgets are down 7.7%, driving businesses to seek earned media models to cut costs and pivot away from paid influencer-driven marketing. A new report from the agency says there’s a 22.7% global increase in earned media tactics and an increasing demand...

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