Historical rates inform negotiations. Can influencer platforms track past rate cards?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Yes, some influencer marketing platforms do have the capability to track historical rates. This feature can provide valuable insight for brands and influencers, showing historical trends and past negotiations. Here’s how such a feature can be applied:
1. Informs Negotiations: Knowing an influencer’s past rate cards can inform an organization’s negotiating strategy. They can gauge whether an influencer’s asking price aligns with their previous collaborations.
2. Benchmarks Rates: Brands can use the data to benchmark rates within their industry or against influencers with a similar follower size or engagement.
3. Evaluates ROI: Historical rates can be a factor in assessing the return on investment of a specific influencer partnership. By comparing the rate they charged and the performance of their content, brands can better evaluate cost versus value.
Platforms with such a feature might include Flinque, which offers various data insights. It tracks an influencer’s historical data and uses analytics to provide a comprehensive view of their performance, audience, and engagement rates. It’s important to note that while one platform might provide certain perks, the choice of the platform significantly depends on a team’s specific needs and requirements.
In conclusion, historical rates can indeed be tracked with certain influencer platforms and can provide valuable insights when planning campaigns and negotiating collaborations. However, each platform has its strengths and weaknesses, so it’s essential for each team to identify its specific needs before choosing a platform.