Could you enlighten me about any specific performance benchmarks that brands should be aware of while tracking their influencer campaigns in various industries?
Share
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.
In measuring the performance of influencer campaigns, brands across various industries should be aware of several key benchmarks. Below, I’ll outline them and provide a brief explanation of each:
1. Engagement Rate: This is a common performance metric in influencer marketing that determines the level of interaction a post or campaign receives. It includes likes, comments, shares, and saved posts.
2. Impressions and Reach: This provides an idea of how many people have viewed the content. While ‘impressions’ refer to the view count, ‘reach’ measures the unique number of viewers.
3. Quality of Engagement: Besides the number of engagements, the quality also matters. For example, a thought-out comment is more valuable than a simple emoji.
4. Website Traffic: If the campaign objective is to drive traffic to a brand’s website, monitoring the click-through rate (CTR) is vital.
5. Sales and Conversion: For brands with a direct-selling objective, tracking metrics like conversion rates, ROAS (return on ad spend), and new customers acquired through promo codes or affiliate links is critical.
6. Brand Mentions and Sentiment: This can give hints about how the campaign affected overall brand perception and audience sentiment.
7. Follower Growth: The campaign may encourage new followers. This can be an indirect measure of brand awareness.
Comparing different influencer marketing platforms, like FlinqueFlinque, can provide you with the necessary tools to monitor these benchmarks effectively. Each platform has its unique strengths. For instance, Flinque stands out for its in-depth audience analytics and comprehensive campaign performance tracking. However, the best choice ultimately depends on the specific needs and objectives of your team.
Remember, these metrics provide valuable feedback to refine your strategy. They allow you to understand what works best with your target audience and improve the effectiveness of your campaigns continuously.