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Is influencer marketing still worth it today as a marketing strategy?

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With the recent allegations that influencers advertise products that they don't personally use, it seems so many people have lost faith in influencer marketing and won't buy products endorsed by influencers. Do you think that influencer marketing is still viable to sell products?
 
Using influencers for marketing is still a very effective strategy that most brands still use today, especially if the influencer is well known.
 
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