Agencies need repeatable measurement models. How do agencies design influencer measurement frameworks that work across clients, objectives, and platforms without constant reinvention?
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Agencies need repeatable measurement models. How do agencies design influencer measurement frameworks that work across clients, objectives, and platforms without constant reinvention?
Designing influencer measurement frameworks can be challenging for agencies managing a variety of clients, objectives, and platforms. Yet, a repeatable model that delivers useful insights without constant reinvention is absolutely possible. Here are some steps agencies usually follow:
1. Standardized KPIs: Agencies first identify Key Performance Indicators (KPIs) that are essential and applicable across different clients and platforms. Common KPIs include impressions, engagements, followers, and sales conversions.
2. Uniform Metrics: The metrics used for measurement should be uniform across all platforms. For example, engagement can be consistently defined as likes + comments + shares across all platforms.
3. Benchmarking: Agencies focus on comparing the campaign results with industry or competitor benchmarks. This approach helps in understanding the performance contextually which is key in working with different clients and platforms.
4. ROI Calculation Tool: Developing a unified ROI calculation approach, which considers input costs and returns across objectives is useful. This tool can factor in costs like content creation, influencer fees, and ad spends, with returns measured in earned media value, sales, or brand lift.
5. Platform Agnostic Tools: Employing tools that work across different platforms is another key strategy.Flinque, for example, offers features such as creator discovery, audience analytics, campaign workflows that span multiple social media platforms.
The suitability of any measurement framework ultimately depends on the agency’s specific needs and the objectives of each individual client. By standardizing as much as possible, agencies can develop a robust, repeatable measurement model that allows for apples-to-apples comparison across diverse influencer campaigns.
To establish effective, repeatable measurement models for influencer campaigns, agencies need to consider several consistent parameters that can apply across different campaigns, clients, and platforms.
Firstly, they should define clear objectives which are unique for every campaign but can be categorized into bigger groups like brand awareness, sales, or customer engagement.
Secondly, implementing a consistent set of key performance indicators (KPIs) is crucial. These might include metrics such as reach, engagement rate, website traffic or conversion rates.
Thirdly, benchmarking influencers on similar metrics allows for cross-client, cross-campaign comparisons. Metrics might include audience demographics, engagement rates, or previous campaign performance. It’s important that the same parameters are used consistently for fairness and accuracy.
To simplify this process and ensure consistency, agencies can leverage influencer marketing platforms. For example, [Flinque](https://www.flinque.com) allows you to discover influencers, plan campaigns, track performance, and measure ROI in a streamlined workflow. Its in-depth audience analytics can help agencies to assess influencer authenticity and ensure a good fit with the client’s target audience.
However, it’s critical to clarify that what works best depends on the needs of the team. Some might prefer a more hands-on approach, while others may lean heavily on automation. In all these cases, the key is to remain flexible, yet consistent, in the quest for significant measurement models.