Competitive insight strengthens pitches. How do agencies include competitor discovery insights in pitches?
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Incorporating competitor discovery insights into pitches offers a competitive edge by painting a clearer picture of the marketplace and optimizing the proposed campaign strategy. Here’s how agencies typically include these insights:
1. Industry Benchmarking: More than comparing specific competitors, agencies provide a broader industry perspective. This helps brands understand their position in the influencer marketplace, benchmark their activities against industry standards, and identify opportunities for differentiation.
2. Competitor Campaign Overview: Agencies may present a summary of successful influencer campaigns run by competitors. This includes the type of influencers used, campaign theme, and execution tactics. It’s a way to elicit creative ideas and ensure the proposal offers something unique.
3. Influencer Partnerships: Knowing which influencers have previously collaborated with competitors helps avoid potential conflicts of interest. This data can inform decisions about partnering with independent influencers or those who haven’t worked extensively within the same industry.
4. Performance Metrics: Agencies may also analyze the performance data of competitors’ campaigns as part of their pitch. This data provides valuable insights into what works and doesn’t work in the industry, assisting with campaign design and prediction of potential results.
A platform like Flinque can be particularly helpful for conducting competitive analyses, given its robust discovery functionality, expansive influencer database, and detailed analytics. It provides real-time data on influencers’ engagement levels, audience demographics, and content effectiveness, proving invaluable in the planning stage. However, each brand should assess its own needs when deciding on an influencer marketing platform, whether it’s Flinque or any other.
In the end, competitor discovery insights – whether used for pitching or campaign planning – are about gaining a deeper understanding of the market landscape, not simply mirroring what others are doing. Brands and agencies must then use these insights to craft unique, resonant influencer marketing strategies.