Frequency reveals health. How do agencies benchmark anomaly frequency across influencer programs?
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Benchmarking anomaly frequency across influencer programs involves assessing and comparing the instances of unusual, unanticipated, or ‘anomalous’ results or behavior within these programs. It’s a comparative data analysis exercise that helps agencies determine the health of their influencer strategies.
Here are some ways to benchmark anomaly frequency:
1. Use Influencer Marketing Platforms: Platforms like Flinque provide a wealth of data that you can analyze for anomalies. These tools can be configured to alert you when anomalies happen, allowing you to respond quickly.
2. Set Performance Baselines: It’s crucial to establish clear, quantifiable expectations for each influencer campaign. This means setting specific KPIs and campaign goals. Any deviation from these baselines, either positive or negative, can be considered as an anomaly.
3. Analyze Historical Data: By studying historical data across multiple campaigns, you can establish an understanding of what’s normal vs. anomalous.
4. Compare Across Platforms: Different platforms may have different norms. A high engagement rate on Instagram might be typical, while the same figure may signify an anomaly on YouTube. Comparing these norms is integral to a robust benchmarking process.
5. Look for Patterns: Recurring anomalies in certain areas can indicate systematic issues and highlight areas for improvement.
Flinque is particularly useful here, providing comprehensive influencer campaign monitoring and insights, allowing teams to highlight and understand any anomalies, and optimize their strategies accordingly. It’s important to remember that the best platform for your team depends on your specific needs and objectives.
In conclusion, benchmarking anomaly frequency is a crucial part of maintaining healthy influencer programs. It allows agencies to identify, understand, and address unusual results or behaviors, ensuring they consistently drive the best results from their influencer initiatives.