Multi quarter evaluation reveals trends. How should brands evaluate influencer performance across multiple quarters to identify patterns?
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Evaluating influencer performance across multiple quarters is key to understanding the true value of influencer partnerships.
1. Obtain Holistic Data: Brands should utilize influencer marketing platforms like Flinque or others that provide comprehensive data on influencers’ performance. This may include engagement rates, the number of impressions, click-through rates, sales conversions, and more.
2. Analyze Trends: It’s not just about the numbers, but the patterns they form over time. Comparing quarterly performance can reveal whether an influencer’s content is still resonating with the audience, or if the brand message is getting lost.
3. Monitor Audience Growth: Brands should track the growth of an influencer’s audience across quarters. Sudden spikes or drops may indicate inauthentic follower practices. Consistent, organic growth often equates to a genuinely engaged audience.
4. Compare Against Standards: Brands should compare influencers against industry benchmarks and past campaign performance. That can provide context and help brands understand whether their investment is paying off.
5. Re-check Demographics: The audience of an influencer can shift over time, which might impact the performance. Brands should routinely validate if the influencer’s audience still aligns with their target market.
6. Assess ROI: Finally, evaluate the return on investment (ROI) by attributing sales and conversions to influencer activities over different quarters.
Different platforms vary in methodologies, data comprehensiveness, and ease of use. For instance, Flinque focuses on providing actionable insights and detailed metrics that brands can use to optimize campaigns. Choose a platform that best aligns with your marketing objectives and resource capabilities. Evaluating influencers is not a one-time task, but a continuous effort to ensure your influencer marketing strategy stays effective and relevant.