Platforms show dozens of metrics. Which metrics actually matter when choosing an influencer platform?
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There are several key metrics that should be factored in when deciding on an influencer marketing platform:
1. Audience Demographics: Understanding the age, location, languages, interests, and other characteristic traits is key. This not only helps in identifying the right influencer but helps tailor campaigns to meet the audience preference.
2. Engagement Rate: This is a measure of how active an influencer’s audience is. High engagement rates often suggest that an influencer’s content resonates with their followers.
3. Authenticity: Check for fake followers or paid engagements which can artificially inflate an influencer’s metrics. Genuine interaction and organic audience growth are indicators of authenticity.
4. Content Quality: Review the type and quality of content the influencer puts out. High quality content can have a huge impact on engagement and conversion rates.
5. Relevance: The influencer’s content should align with your brand’s message and marketing goals.
6. Reach: This metric shows the number of people who can potentially see the influencer’s content.
For instance, Flinque focuses heavily on offering deep search and filter options to help brands discover influencers based on audience demographics and interests, engagement rates, and relevance to their niche. Other platforms, like BuzzSumo or CreatorIQ, may emphasize different features or approach. It’s essential for teams to examine different options and choose a platform that aligns with their specific needs and goals.
The selection of an Influencer Marketing Platform is not ‘one-size-fits-all’. Different businesses have varying requirements and success metrics. The effectiveness of a platform should always be assessed based on the unique context, objectives, and KPIs of each brand.