Why Start-Ups Should Rely On Influencers Too

Why Start-Ups Should Rely On Influencers Too


June 27, 2023 | Eul Basa

Why Start-Ups Should Rely On Influencers Too


Some say influencer marketing doesn't work and that it's on its way to obsoletion, but the reality is quite the opposite. With the growing prominence of social media and digital networking, influencers are more important than ever for businesses. Whether you're a multimillion-dollar brand looking to stay relevant or a brand-new start-up seeking immediate growth, having a well-known online personality like Charli D'Amelio or Bretman Rock can be an absolute game-changer.

Influencer marketing works because it gives you access to real people and allows you to connect with them on a deeper, more personal level. You are tapping into the relationship that the influencer has built with his or her followers and winning them over that way. If an influencer stands by your product, chances are that his or her followers will do the same, purely out of support. There's no need for flashy ads or professionally edited campaigns—just having an influencer talk about your product in front of an iPhone is more than enough.

https://www.instagram.com/p/CR92leJBK2M/

According to a Shopify study, 89% of marketers agree that the ROI on influencer marketing is comparable or better than that from other marketing strategies. Nick Veneris, the marketing manager for Refersion, reported an 82% year-on-year growth rate in his platform's sales due to influencer marketing, from $238 million to $423 million. "Influencer marketing is growing rapidly, and it’s evolving to get smarter and more measurable," he said.

Of course, choosing the right influencer is critical, as they will be representing your business. You need to make sure that their values and morals line up with yours so that the collaboration makes sense. For example, if you are promoting a make-up product, you would want to take on a beauty influencer. If you are promoting a health product, you would want to take on a fitness influencer.

Additionally, the size of their following is something to consider. Generally speaking, the more followers they have, the more expensive their price per post will be. Most start-ups will probably want to start with nano-influencers (1,000 to 10,000 followers) or micro-influencers (10,000 to 50,000) as they are more affordable and less likely to be picky about the brands they work with. Do your research so you can narrow down your options to the best possible candidates.

https://www.instagram.com/p/BkdqKe3Bzv7/

It all begins with a single pitch—in order to capture an influencer's attention, you must prepare a message that outlines the goal of your proposed collaboration, an attractive offer or contract, and a clear sequence of steps. Essentially, you must convince the influencer that their brand is a good match for yours. How does your product relate to the content the influencer posts? Why will the influencer's followers care about your product? These are important questions you must answer.

It can be risky to go against traditional marketing formats in favor of an influencer-driven campaign.  But with the right approach and the right influencer, you can gain some much-needed exposure to your brand.

 


READ MORE

Shocked expressions over a credit card

My friend says she uses a trick where she pays her credit card twice a month to boost her credit score. Does that actually work?

Your friend is talking about a real strategy, but it is not magic. Paying your credit card twice a month can help your score faster in one specific way. It can lower the balance that gets reported to the credit bureaus, which can improve your credit utilization.
March 17, 2026 Anna Adamska
Older man frustration with technology and payments

My credit card expired and now I have to update every single subscription—even though the card number didn’t change. Why isn’t this automatic by now?

You get a new credit card in the mail because the old one expired. Same number. Same account. Just a new expiration date. Seems simple enough. But then the emails start arriving—payment failed, subscription paused, update billing info.
March 17, 2026 Jesse Singer
Confused man with cash amid zombies

Everyday Items That Would Be Way More Valuable Than Cash During A Zombie Apocalypse

Once zombies start wandering the earth, everyday items suddenly become the real currency. Forget stocks and crypto—here’s what would actually be worth something.
March 17, 2026 Jesse Singer

I'm having electrical issues in my apartment and want to let my electrician boyfriend fix them, to save my landlord hassle. Should I?

Can your electrician boyfriend fix electrical problems in your apartment? Learn the risks, lease rules, and smart steps renters should take before attempting electrical repairs.
March 17, 2026 Jack Hawkins

The landlord demanded references from me, but is there a way for me to find out if he’s a good landlord before I sign the lease?

It's understandable that landlords want to see references from potential tenants, but how do tenants verify a new landlord?
March 17, 2026 J.D. Blackwell

My brother is executor of our parents’ estate, but when I ask what he's doing he says I’m “on a need-to-know basis.” What can I do?

After your parents passed away, your brother became executor of their estate. But getting information out of him is like pulling teeth. What now?
March 17, 2026 Marlon Wright


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team