What is B2B influencer marketing?
Influencer marketing is a strategy that uses the reach and credibility of well-known individuals to sway consumers’ purchasing decisions. These individuals, or "influencers," can range from celebrities and social media stars to industry experts and thought leaders. A business may enlist a brand influencer to promote one of its products or services, choosing them because of their existing popularity and trust among the target audience.
In recent years, influencer marketing has experienced a significant rise in popularity, driven by the increasing use of social media and the growing desire for authentic and relatable content. For example, Statista reports that ad spending in the influencer advertising market in Ireland is expected to see an annual growth rate of 8.27% from 2024 to 20281. This projected growth emphasises how influencer marketing is here to stay.
There are two general categories of influencer marketing – B2C and B2B. While both share the same fundamental principle, there are key differences in their approaches and target audiences. B2C influencer marketing is often associated with celebrities and social media stars with big followings on platforms like Instagram and TikTok. They are often chosen by brands to drive quick sales through visually-driven and entertaining content designed to drive consumer engagement. Think of Irish personalities like Suzanne Jackson-O’Connor and Rosie Connolly, who often partner with brands to promote products directly to consumers.
Meanwhile, B2B influencer marketing takes a more considered approach, with content like whitepapers, eBooks, and webinars that align with the more "corporate" nature of the B2B sector. B2B influencers are often industry experts and thought leaders with specialised knowledge and credibility within a particular field. Examples of such individuals include journalists like Dearbhail McDonald and analysts like Conall Mac Coille. Their endorsements are invaluable to B2B brands looking to build credibility within their industry.
Influencers have become particularly valuable in the B2B space. In a 2024 report by Edelman, over 75% of decision-makers and C-suite executives stated that a piece of thought leadership has led them to research a product or service that they were not previously considering2. This majority highlights the potential that influencers hold in driving business growth.