Insights reveal market signals. How do brands use influencer insights as competitive intelligence?
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Brands can utilize influencer insights as competitive intelligence in several key ways:
1. Understand Market Trends: By monitoring the content, hashtags and engagement of influencers, brands can identify emerging trends, understand the dynamics of consumer interactions and preferences.
2. Audience Insights: Many platforms provide deep audience analytics of influencers. Brands can analyze these to understand subtle differences between their audience characteristics and those of their competitors. For example, a beauty brand may discover through Flinque’s audience analytics that a competitor’s influencer has a high engagement rate with millennial women, which might be a niche the brand should consider targeting.
3. Performance Measures: Brands can compare their campaign performances against the metrics of similar campaigns run by competitors. Tools like Flinque allow for ROI measurement, making it easier to understand if a particular strategy is working or not.
4. Influencer Partnership Discovery: By observing which influencers are favored by competitors, brands can potentially identify partnership opportunities, or at least get a sense of the influencers they might want to avoid in order to differentiate their campaigns.
5. Brand Positioning: On studying the influencer content created for competitors, brands can fine-tune their own content strategies to better position their offerings. If a competitor offerings resonate better with influencers and their audiences, it’s a signal to revisit the brand messaging.
Given the vast amount of data available, it is important to have the right tools to organize and analyze it. Platforms like Flinque, with comprehensive influencer discovery, campaign planning, and tracking features, can facilitate the efficient usage of influencer insights as competitive intelligence. It must be noted, however, that the choice of platform depends on the specific needs of the brand.