IZEA Report Finds 40% of 18-to-29-Year-Olds Turn to TikTok for Product Research Before Making Big Purchases
March 28 2024 - 11:00AM
IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of
technology, data, and services for the Creator Economy, released
the 2024 United States edition of its research report, “Trust in
Influencer Marketing,” today. The report is based on U.S. consumer
sentiment and examines the effectiveness of influencer marketing in
terms of consumer trust and engagement.
The survey found that social media influencers reach at least
83% of all respondents ages 18-60. Social media users under the age
of 45 prefer influencer posts on TikTok and Instagram. Meanwhile,
those 45 and older lean toward Facebook and YouTube.
“Consumers today are inundated with ads from every corner, yet
they gravitate toward influencers. They place higher value on the
opinions of these influencers over conventional advertising
messages or celebrity endorsements,” said Ted Murphy, CEO and
founder of IZEA. “Our research reveals that 51% of all respondents
have purchased influencer-promoted products. It’s particularly
interesting to note that certain demographics, such as those ages
45-60, find content created by influencers more persuasive than
traditional, scripted advertising.”
Key Insights for Influencers and Consumers
- 61% of social media users trust social media influencers over
A-list celebrities.
- 50.7% of all respondents have purchased products promoted by
influencers.
- Consumers under 45 say influencer posts are the No. 1 way to
get them to try a new product.
Key Insights for Marketers
- 40% of respondents ages 18-29 research products/services on
TikTok before making a big purchase.
- 33% of respondents ages 18-29 say TikTok is the best platform
to promote a product through an influencer.
- 33% of respondents older than 60 named Facebook as the best
platform to promote a product through an influencer.
- Those ages 45-60 are most likely to find influencer content
more compelling than scripted advertising.
Insights for Social Media Audiences
- Social media influencers reach 83% of all respondents ages
18-60.
- Women are more likely to say TikTok (26.3%) is the top way to
promote products, while men are more likely to say YouTube
(28.5%).
- More than 50% of all respondents regularly use Facebook,
YouTube, and Instagram, with TikTok coming in fourth at 38%.
Results from the study are based on the responses from 1,217
U.S. social media users over the age of 18. The 2024 report, which
covers data for the past three years, is part of an ongoing series
of research studies focusing on influencers’ key roles in
influencing consumer behaviors and trends.
The report is available to download for free here: Trust in
Influencer Marketing.
To work with IZEA as either an influencer or a marketer, visit
izea.com. For news and resources, follow IZEA at x.com/izea.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) is a marketing technology company
providing software and professional services that enable brands to
collaborate and transact with the full spectrum of today’s top
social influencers and content creators. The company serves as a
champion for the growing Creator Economy, enabling individuals to
monetize their content, creativity, and influence. IZEA launched
the industry’s first-ever influencer marketing platform in 2006 and
has since facilitated nearly 4 million transactions between online
buyers and sellers. Leading brands and agencies partner with IZEA
to increase digital engagement, diversify brand voice, scale
content production, and drive a measurable return on
investment.
- IZEA Report Finds 40% of 18-to-29-Year-Olds Turn to TikTok for
Product Research Before Making Big Purchases
Nicole O’Hara
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: pr@izea.com
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