Influencer marketing has become a cornerstone of modern digital marketing strategies, with 80% of companies creating room in their budgets for partnership marketing. Influencer marketing is highly flexible and scalable and often yields substantial returns on investment in exchange for generally low start-up costs—making it a “win-win” in the eyes of many marketing departments.
As advantageous as the business partnership sounds, it’s important to treat it as such. Read on to learn more about influencer marketing agreements, along with a few common mistakes brands make when developing a contract for influencer services.