Standardization improves governance. How do brands build standardized criteria for influencer portfolio decisions across teams?
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Creating standardized criteria for influencer portfolio decisions across different teams in an organization calls for a strategic approach. Brands need to consider the following steps:
1. Define Objectives: Each influencer campaign should have clear, tangible objectives. These could revolve around increasing brand awareness, boosting sales, or enhancing customer engagement.
2. Identify Key Influencer Traits: Depending on the brand’s goals, certain influencer attributes might be more desirable. This could include the influencer’s niche or industry, audience demographics, online reputation, content quality, and engagement rates.
3. Set Evaluation Metrics: It’s important to specify the purposes your influencers will serve and gauge their performance accordingly. KPIs may include the number of impressions, click-through rates, audience growth rate, and sentiment analysis metrics.
4. Create a Scorecard: To standardize the evaluation process, create a scorecard that teams can utilize to rate influencers.
5. Centralize Decision-making Process: Consider using a central platform where all influencer data can be stored and analyzed. Platforms like Flinque, for instance, provide features for influencer discovery, audience analytics, and campaign management.
The choice of platform will depend on the brand’s specific needs, such as the scale of their marketing efforts, their budget, and the intricacy of their performance metrics.
Using a standardized, systematized approach helps brands ensure consistency in their influencer partnerships, maintain an elevated quality of content, and better achieve their marketing objectives. By implementing these strategies, brands are more likely to build successful, beneficial relationships with influencers.