Explain this in words and relate to how social media can effect promotion of your product

3 Influencer Marketing Statistics You Should Know 1 Global Influencer Marketing Size, from 2018 to 2021 Source: Influencer Marketing Hub: projected market size 16 12 6.5 4.6 BILLION 8 BILLION 2018 2019 FinancesOnline REVIEWS FOR BUSINESS 9.7 13.8* BILLION BILLION 2020 Preferred Social Media Media Platforms for Influencer Marketing 2 Source: Influencer Marketing Hub 79% Instagram 46% 2021 36% Facebook YouTube 3 Adoption Rate of Influencer Marketing Sources: SocialPubli, Marketing Hub. ecommerce brands that use influencer marketing brands that regularly use it marketers leveraging it for more than 3 years brands that frequently use it 50.7% 50.0% 27.9% 25.0% marketers using it for a year or less 20.9% 0% 15% 30% 45% 60%