The Power of Influence: Exploring Nike's Endorsement Strategy
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The Power of Influence: Exploring Nike's Endorsement Strategy
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In today's business world, influencer and endorsement marketing have become powerful tools for businesses to reach their target audience and build their brand. From social media influencers to celebrity endorsements, these strategies have transformed how products and services are marketed and sold. Although various types of endorsement marketing have existed long before the digital age, digital marketing and advertising have made it far more accessible in different forms and at varying scales. The influencer market grew from $1.7 billion in 2016 to a whopping $16.4 billion industry. That is why, on today's episode of the marketing dive, we will be examining influencer marketing and brand endorsements. One of the most successful brands that have leveraged multiple forms of influencer and endorsement marketing is Nike. Listen to this episode to learn how Nike and other smaller brands successfully leveraged influencer marketing.
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