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Founder's thesis — May 2026
Most marketing publications still write about influencer marketing as if it were a US story with European footnotes. After running e-commerce campaigns on both sides of the Atlantic, and after spending the last two weeks listening to creators signing up to Collabios, I think they have it backwards. Here is the thesis I am betting the company on — sourced 2026 data on the left, what I have actually seen on the right.

The European creator economy was worth €4.2B in 2024 — about 75% of US market size in absolute spend but with CPM ~35% lower on equivalent audiences. Western European micro-influencer CPMs run 2-3× cheaper than US equivalents; Eastern Europe (Warsaw, Bucharest, Sofia) is the most underpriced supply in the global market.
This founder thesis published by Ghassen Daoud (Collabios, May 2026) draws on national IAB data, proprietary marketplace observations from 14 days of Collabios sign-ups, and AdAmigo + Lebesgue 2026 CPM benchmarks. It covers the EU vs US CPM gap, EU-native regulatory compliance (Loi 2023-451, UWG §5a, AGCom Codice di Condotta, RD 444/2024) as structural competitive advantage, the hidden EU e-commerce bridge via the Moroccan diaspora, and price tiers per country. US marketers treat Europe as one country — that is the costliest mistake.
If you run e-commerce in 2026 and your unit economics work, you do not have a creative problem. You have a CPM problem.
I have personally bought paid traffic on both sides of the Atlantic. In the United States I burned through ad budget at a CPM north of $50 in some niches. The purchasing power was real, but so was the competition — and a small budget cannot survive a $23 baseline. I lost money on dropshipping in the US more than once before I admitted that the math was structurally broken for me.
Then I switched campaigns to Spain. My CPM dropped to around $10. The same creative, the same offer, the same product — suddenly profitable. That single jump in unit economics is the reason I am building a European-first marketplace rather than another US export with a translation layer.
The 2026 Meta Ads benchmarks confirm what I lived. The United States averages roughly $23 CPM. Germany sits at $9.05, the Netherlands at $8.58, Belgium at $7.96, the United Kingdom at $11.81, Switzerland at $8.40 (AdAmigo, Lebesgue). That is a 2–3× delta on the most expensive input in any paid-traffic budget. If you have ever wondered why some European e-commerce brands scale faster than their US counterparts on a fraction of the spend, this is most of the answer.

$23.00
$11.81
$9.05
If your CPM in the United States is $23 and your CPM in Germany is $9, you are not running the same business. You are running two completely different unit economics.
Before I share the contrarian half of the thesis, here are the boring numbers that should already be making US-centric marketing teams uncomfortable.

€32B
European creator economy value in 2025, growing 25% year on year, on track to hit €135B by 2032 (Coherent Market Insights).
€4.2B
European influencer marketing spend specifically in 2025, growing 15% year on year (FluxNote).
8.6M
Income-generating creators across Europe — the largest creator workforce outside Asia (NetInfluencer).
45.5%
Share of 2026 influencer marketing spend going to micro and nano creators, up from 16.4% in 2021 (eMarketer).
510M
Population of the European Union plus the United Kingdom — roughly 1.5× the United States. Double if you include the rest of the European Economic Area and the Western Balkans.
Everyone is looking at Berlin and Paris. I am looking east.

My contrarian take, the one I am most willing to defend in public: creators in Eastern European countries — Poland, Romania, Bulgaria, Slovenia, Slovakia, Czech Republic, Estonia, Latvia, Lithuania, Croatia, Greece — have more upside in 2026–2028 than their peers in the established Western markets. The data is on my side. Eastern European e-commerce grew 18% year on year against Western Europe's 13% in 2023, according to Euromonitor, and the gap has widened since.
The reason is the same reason Spain saved my dropshipping business. Lower CPM, similar purchasing power per capita in the urban centres, less competition from large incumbent brands, and a creator scene that has not yet been professionalised into the awkward sponsored-content cadence you see in older markets. The audiences trust their creators more. The creators charge less. The brand outcomes are better per euro spent. That is a market about to be re-priced.
There is one regulatory caveat — Poland has introduced fines of up to 10% of annual revenue for misleading influencer ads, and the rest of the region is following with their own rules. The opportunity is real, but the compliance bar is going up alongside it. If you take the thesis seriously, you also have to take the local disclosure regimes seriously.
The most under-priced supply in the European creator market right now is in Warsaw, Bucharest, Sofia and Prague. By 2028 it will not be.
Almost nobody in mainstream marketing writing has covered this, and it is one of the most useful sourcing observations I have picked up since starting Collabios.
The Moroccan diaspora has built one of the most active small-business e-commerce ecosystems bridging Africa, Europe and the Gulf. Operators I have worked with personally run drop-shipping and e-commerce stores into Spain and France from Morocco, and a meaningful number of them also serve Saudi Arabia, the United Arab Emirates, Qatar, Kuwait and Bahrain in parallel. Their cost base is leaner than a European-only operator's, their language coverage spans Arabic and French and Spanish, and they are wired into European logistics far more deeply than a casual observer would guess.
For brands building creator partnerships in Spain, France or the broader EU+Gulf corridor, Moroccan operators are an under-recognised supplier base and an under-recognised partner pool for collaborations. I am not making a generalisation about a nationality. I am pointing at a working ecosystem that has been hiding in plain sight, and that maps onto exactly the kind of multi-market campaigns Collabios is built to support.
I have run campaigns in the United States. The most common mistakes I see US-trained marketing teams make when they try Europe are not strategic — they are about basic facts.
1
It is not. The European Union plus the United Kingdom is roughly 510 million people. The United States is 333 million. Add the rest of the European Economic Area and the Western Balkans and the gap widens further. Yes, US GDP per capita is higher on aggregate, but European purchasing power in France, Germany, the Netherlands and Scandinavia is fully comparable. Europe is the bigger consumer market by people, not the smaller one.
2
It is twenty-seven member states plus the United Kingdom, twenty-four official languages and roughly the same number of regulators with their own influencer disclosure regimes. A campaign that works in Spain will not necessarily land in Germany, and the creator who succeeds in France will not automatically translate to Italy. The local-language layer is not a finishing polish, it is the entire game.
3
GDP per capita in Catalonia, Bavaria, the Île-de-France, Lombardy, Stockholm and Zurich is comparable to wealthy US states. The narrative that Europe is poorer than the United States falls apart the moment you look at regional data.
4
European audiences reward local-language creators heavily. A French creator speaking French to a French audience will convert at multiples of an American creator speaking English to a French audience. This is not a preference — it is how the algorithm decides what to surface. English-first creative caps your reach in every European market that is not the United Kingdom, Ireland or the Netherlands.
5
A creative that breaks even at a $23 US CPM can be five times profitable at a $9 Polish or Spanish CPM. Same offer, same creator quality, completely different unit economics. US marketers tend to budget Europe as if it were a smaller version of the United States. The math is not smaller — it is structurally different, and the structure favours small budgets.
Influencer prices track cost of living and ad-market competition. Based on lived experience and 2026 CPM data, here is how I would group European markets for someone planning a first campaign.

Highest cost of living in Europe, premium brands compete heavily for limited Scandinavian creator supply, and Swiss CPM and creator rates sit at the very top of the European range. Best fit for established brands with budgets that scale, not for a first test.
Mature markets with deep creator supply, established disclosure regimes, and CPMs in the $8–$12 range. The UK skews higher and could arguably be moved up a tier. France, Germany and Italy host the largest creator workforces on the continent. The middle band is the right starting point for a brand that wants scale and predictability.
Lower CPMs, less professionalised creator scenes that translate to higher engagement, and significant headroom on creator rates. Portugal, Italy and Spain are under-explored relative to their consumer power. Estonia, Latvia and Lithuania are tiny markets but punch above their weight in tech and software niches. This tier is where I would test a first €5,000 campaign.
Honest disclosure: Collabios launched 14 days before this thesis was published. We have somewhere between 20 and 30 creators signed up, and zero completed bookings yet. That is a tiny sample, and it should not be read as a benchmark. But the composition of those 20–30 sign-ups already tells me something.
The clear majority of early Collabios sign-ups are UGC creators rather than follower-driven influencers. From the founder seat, the reason is structural. UGC creators are happy to onboard because their work product is the deliverable — they do not have to expose an audience or risk a feed mismatch. They respond to brand outreach faster, they accept smaller test budgets, and the onboarding friction is lower because there is no audience-vetting back and forth.
External data points the same way. UGC content drives 28% higher engagement than branded content, and costs 30–80% less than traditional influencer deals (Marketing LTB, Whop). For a brand running its first European creator test, UGC is the lower-risk, lower-budget, faster-iteration entry point. Influencer partnerships are the right second move once you know what creative converts.
If you have never run a European creator campaign before, start with three UGC briefs across two countries, see which creative converts, and only then commission an influencer to amplify the winning angle to their audience.
Both campaigns below were ones I ran personally before Collabios existed. I am sharing them because the lessons are more useful than the outcomes.
I collaborated with a TikTok creator based in the United States to promote one of my other projects. Their feed used non-facial content — gaming visuals in the background, trending audio in front. It scaled because the format was production-light, the audience was already accustomed to that style of sponsored placement, and the audio cue did most of the conversion work. The lesson: a creator's format matters more than their follower count, especially on TikTok where the algorithm cares about completion and shares, not about who the creator is.
I ran a campaign for an e-commerce store of mine in the sports niche, specifically a swimming product. I chose a US-based Instagram Reels influencer. She shot the video, posted the story, and then took it down within hours because she felt — correctly, in hindsight — that her audience would not be interested in that product category. The collaboration ended in good faith. She refunded the campaign, we ended the brief on good terms, and I learned that audience fit beats reach every single time. There was no contract dispute. There was only an honest creator who knew her audience better than I did.
Audience fit beats follower count. A 15K micro-creator with the right audience outperforms a 500K macro-creator with the wrong one. That is exactly why Collabios bakes audience signals into the marketplace from day one.
If you have €5,000 to test European creator marketing for the first time, do not buy one big campaign. Do five small ones.

Divide the €5,000 into three to five small test budgets. The objective in test one is not revenue, it is learning what creative converts in which market.
Test at least two formats — UGC asset for paid amplification, and an organic in-feed creator post — so you can compare an own-channel result against a distributed one.
Test at least two countries from different tiers. Pair a middle-band market (France or Germany) with a most-affordable market (Poland or Spain) to expose the CPM and rate delta.
Measure engagement and conversion, not reach. Reach is the vanity metric the platform reports; conversion is the number that pays your salary.
Double down on what works. The fifth test should cost three to four times what the first one did, and it should be a near-clone of whichever earlier test produced the best return.
Marketing is a series of experiments, not a single bet. The biggest mistake a first-time European brand makes is buying one expensive creator and hoping it works. Buy five small ones and learn.
Predictions I am willing to put my name on.

01.
Most existing platforms are US-built tools with a European tab. Collabios is European-built from day one, with local-language disclosures, EU-native escrow, and creator supply that maps onto where European brands actually want to spend. I expect Collabios to be the platform European brands and Eastern European creators name first by Q4 2027.
02.
Brands chasing lower CPMs will follow the CPM. Creators in Poland, Romania, Czech Republic, Bulgaria, Slovenia and the Baltics will absorb a disproportionate share of the next two years of European influencer marketing budget growth. The brands that move first will lock in the under-priced supply before it re-rates.
03.
A marketplace that gives brands and creators access to free rate calculators, contract generators, country-specific disclosure helpers and engagement-rate tools will win the next two years of market share. Brands will not pay platform fees for a list of profiles any more — they will pay for the workflow that makes a campaign legally compliant, properly priced and properly measured. Collabios is building exactly that layer.
Go deeper
Each of these articles drills into one slice of the thesis above. Read them when you want the granular country-, regulation- or rate-level detail behind the broader argument.
Selling into Europe from outside the bloc? The compliance side of the same thesis lives in our EU compliance guide for cross-border sellers — GPSR, VAT/OSS and how to source country-native creators for each market you ship to.
Methodology
Collabios launched 14 days before this thesis was written. We currently have between 20 and 30 registered creators, the majority of them UGC creators rather than follower-driven influencers, and zero completed marketplace bookings. This is therefore not a benchmark report. It is a founder's thesis backed by external 2026 industry data and my personal experience running e-commerce and influencer campaigns across the United States and Europe over the past several years. Every external number quoted is sourced and attributed.
Anonymized booking-level data from completed Collabios marketplace campaigns, with personally identifying details stripped before analysis.
A creator survey targeting 300 registered creators on rate cards, repeat-customer rates, and platform preferences.
Median rates by country × niche × tier, with 25th and 75th percentile bands. Means are skewed by outliers; medians are the more honest signal.
Gifted-only collaborations excluded from rate medians; UGC deliverables reported separately from in-feed influencer posts.
Cross-checks against Influencer Marketing Hub's annual benchmark and against publicly disclosed rate cards from named creators where available.
Drop your email and we will send the first real Collabios marketplace data — country × niche × tier rate medians, no sales pitch in between. One email when it drops, unsubscribe in one click.
Single-purpose list. One email at launch, no resale, no profiling, no marketing drip in between.If you cover the creator economy, EU regulation, or marketing-data trends and want an embargoed preview of the Q3 2026 data drop ahead of public release, write in. We grant previews seven days early in exchange for a fact-check pass.
Press contact: contact@collabios.com
Not yet. Collabios is two weeks live, with roughly 20–30 creators signed up and zero completed bookings. This is a founder's thesis. The external numbers — CPM, market size, creator workforce, UGC engagement — are sourced from published 2026 industry reports. The hypotheses, opinions and personal stories are explicitly Ghassen Daoud's. The first real Collabios marketplace data is targeted for Q3 2026.
Three reasons. First, CPM is materially lower than the Western European average, which changes the unit economics of any paid-traffic campaign. Second, Eastern European e-commerce grew 18% year on year in 2023 versus Western Europe's 13% (Euromonitor), and the gap has widened. Third, the creator scene is less professionalised, which translates to higher engagement per follower and more authentic creator-audience trust. The opportunity is real, but the regulatory bar is rising — Poland's new misleading-ads rules carry fines up to 10% of annual revenue.
US Meta Ads CPM averaged around $23 in 2026 against Western European averages of $8–$12 — Germany $9.05, the Netherlands $8.58, Belgium $7.96, the United Kingdom $11.81, Switzerland $8.40 (AdAmigo, Lebesgue). That is a 2–3× difference on the most expensive input in any paid-traffic budget.
Onboarding friction is lower, response rates to brand outreach are higher, and the deliverable is content that the brand owns and amplifies on its own channels. UGC drives 28% higher engagement than branded content and costs 30–80% less than traditional influencer deals. For a first European creator test on a small budget, UGC is the right entry point. Influencer amplification of the winning angle is the right second move.
Buying one expensive creator and hoping it works. The right approach is to divide the budget into three to five small tests across formats and countries, measure conversion not reach, and double down on the test that wins. Marketing is a series of experiments, not a single bet.
Q3 2026 is the target for the first data drop, with anonymized booking-level rates, engagement averages and creator supply numbers by country and niche. Quarterly cadence after that.
Yes. The thesis is free to read and free to cite. We ask only that you link back to this page and credit "Collabios — European Creator Economy 2026 Founder's Thesis" so readers can verify the sourced numbers.