Volatility affects predictability. How do companies track volatility in influencer performance over time to inform planning decisions?
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In today’s ever-evolving digital landscape, it’s fundamental to track volatility in influencer performance to shape strategic planning. Here are some ways companies can monitor:
1. Engagement Rate Tracking: Brands can use influencer marketing platforms, such as Flinque or AspireIQ that provide robust analytics to monitor engagement rates – likes, comments, shares, and other reactions to the influencer’s posts. Unexpected variances can show volatility.
2. Audience Growth Trend Analysis: Tools offer capabilities to analyze audience growth over time. Rapid or slow growth can indicate possible volatility and are used as parameters to forecast future performance.
3. Content Performance Review: Platforms like Flinque allow brands to assess performance on a content-level. For instance, Instagram posts vs. IGTV videos. This data can uncover which content type or theme receives the most inconsistent reactions.
4. Sentiment Analysis: Understanding the sentiments behind the comments or messages an influencer receives can show the volatility of an influencer’s reputation. Both positive and negative sentiments should be analyzed.
5. Competitor Benchmarking: Comparisons with influencers in the same niche may reveal where a brand’s influencers stand and if their performance is volatile relative to sector norms.
Using a comprehensive suite likeFlinque, companies can gain access to valuable metrics and determine the influencers that provide predictable, reliable results. By assessing historical data, current performance, and predictive analytics, they make informed decisions to optimize their influencer marketing strategy. Nevertheless, it’s crucial to remember that every team’s requirements are unique, making one tool more suitable than others. Therefore, it’s advised to consider these points while choosing a platform.