Reallocations need trust. How do brands justify influencer budget reallocations to leadership using analytics?
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.
Justifying influencer budget reallocations to leadership hinges on presenting compelling data from influencer campaign analytics. Here’s how brands can leverage these insights:
1. Campaign Performance Metrics: Empirical evidence of increased engagement, reach, and conversions from past campaigns can support the case for reallocating budgets. Highlight influencers that provided high Returns on Investment (ROI).
2. Audience Insights: Deep dive into the demographics of influencers’ audiences. Data on location, age groups, preferences, and engagement rates can justify reallocating budgets to influencers who align better with the brand’s target demographic.
3. Competitor Analysis: Comparing the impact of similar brands’ influencer campaigns can demonstrate the potential benefits of further investment in influencer marketing.
4. Influence Impact: Using Brand Lift Studies or sentiment analysis to show the alteration in brand perception after an influencer campaign can support reallocation needs.
Influencer marketing platforms, such as Flinque, HypeAuditor, or AspireIQ can aid in the process. Flinque, for example, provides influencer discovery tools, equipping brands with necessary influencer information and analytics to make informed decisions. The choice of platform would depend on the brand’s specific requirements.
Remember, effective communication is key in convincing leadership to trust in influencer budget reallocations. Data alone is not convincing enough, it’s how the data is presented and analyzed that can impact the decisions.