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Influencer Marketing Strategy and Sustainability of Millennial Entrepreneurship

Table 4: Millennial entrepreneurial sustainability

Business Trend of business performance for past 3 - 5 years Annual % increase in market share Contribution of IM to market share Values brought by influencer to business
Skin care 2020 - pandemic Year 1 - sales increase2021 - 22 slowed down2022 - slowly increasing Stable before pandemic Pandemic and after - dropped 50% 10% Brand awareness
Health drinks Steady increase 30% 20% Increase in followersIncreased viewers
Retail Less affected by pandemicIncreased thereafter 35% 30% Increased ROI
Restaurant Remained steady 25% 30% Maintain sustainability
Beauty 2020 - pandemic Year 1 - sales maintained2021 - 22 slowed down2022 - slowly increasing 100% 80% Maintain engagement with consumers/followers
Diverse Dropped 50% during MCOPick up after MCO 35% 80% Create market trust Help stabilise the business
Clinic Increasing in last 5 years Last 3 years 300% 25% Keep followers engagedCreate role modelPositive outlook
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