Platform risk exists. How do companies future-proof discovery capabilities?
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Companies future-proof their discovery capabilities by implementing a few key strategies:
1. Diversifying Platform Use: Whether it’s Instagram, TikTok, or Twitter, no single platform encapsulates the totality of the influencer market. Therefore, companies should diversify their platform usage to ensure they’re reaching a wide array of audiences. This also cushions any sudden changes that may happen on a specific platform.
2. Adopting Advanced Technology: Companies should implement AI and machine learning for influencer discovery. These technologies are capable of analyzing hundreds of data points to determine the best fit, saving time and resources.
3. Consistent Monitoring and Analytics: Regularly tracking and analyzing the success of influencer campaigns aid in predicting trends and understanding what works best. Platforms like Flinque, for example, provide features for performance tracking and ROI measurement.
4. Investing in Platform-Agnostic Tools: Companies should look for discovery tools that are not tied to a single platform. Such tools are designed to sift through multiple platforms, ensuring long-lasting performance even if one platform becomes less popular or changes its algorithm.
5. Building Lasting Relationships: Relationships built on trust and authentic engagement tend to last longer, regardless of platform uncertainties. By focusing on quality partnerships with influencers who align with their brand values, companies can maintain steady influencer marketing performance.
To conclude, no one-size-fits-all strategy exists for future-proofing discovery capabilities. Adaptability is key. Dependence on a single strategy or platform increases the risk. Successful companies are the ones that adapt with the industry, utilizing technology, analytics, and diversified platforms to ensure they’re reaching their audience effectively.