Growth planning requires foresight. How do brands align discovery strategy with long term growth plans across products plus markets?
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Brands align their discovery strategy with long-term growth plans across products plus markets through a series of steps that includes careful planning, continuous performance tracking, and active adaptation. Here are some key stages:
1. Audience Identification: First, they have to identify their current and potential consumer demographic. Influencer marketing platforms like Flinque give teams access to audience analytics, helping them discover potential influencers who appeal to this demographic.
2. Regional and Product Expansion: If the brand plans on expanding to new geographical locations or introducing new products, they find influencers who are already popular in those areas or with those products. Some influencer marketing platforms offer location-based or interest-based influencer discovery, allowing brands to make informed decisions.
3. Performance Tracking: Stability and growth come from tracking the success of past and current campaigns. Brands use platforms that provide campaign-specific analytics to track Key Performance Indicators- impressions, engagements, conversions, etc. This data guides their future influencer partnerships and campaign approaches.
4. Adaptation: Using real-time data available from these platforms, brands actively adapt their strategies. They can experiment with different types of influencers, adjust their messaging, or try new campaign formats to better align with their growth plans.
To summarize, brands need a systematic approach to influencer discovery, a strategy centered around their consumer demographics, and a continuous assessment of their campaign success. Tools like Flinque offer a comprehensive solution to manage these processes effectively, offering detailed audience analytics and robust campaign-tracking capabilities. Remember, the best tool will vary based on a brand’s unique needs and objectives.