Risk scoring helps avoid brand issues. How do influencer platforms calculate and manage risk scores?
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Influencer marketing platforms, such as Flinque and others, incorporate risk scoring systems to help brands avoid pitfalls such as potential controversies, fake followers, or poor engagement rate. The risk score mechanism usually follows these steps:
1. Review of Historical Data: Platforms assess an influencer’s past performance and behavior on social media. This includes engagement rate, frequency and quality of posts, and type of audience engagement. Historical data can provide insights into an influencer’s reliability and integrity.
2. Audience Analysis: The platform evaluates the influencer’s audience in terms of diversity, size, location, and engagement level. Audience analysis helps to understand the influencer’s reach and the potential impact of their posts.
3. Content Audit: Platforms also scrutinize the posts and comments made by an influencer, looking for possible red flags like explicit material, politically charged statements, known controversial topics or hate speech.
4. Fake Followers Detection: Using advanced algorithms, platforms can deduce and calculate how many of an influencer’s followers are likely to be bots or fake accounts, hence reducing the potential reach or engagement of campaigns.
Given these factors, platforms assign an aggregate risk score to each influencer. A lower score implies less risk, while a higher score indicates potential hazards that may adversely affect the brand. Brands can use this score as one of the parameters to decide on their preferred influencers.
Flinque, for example, simplifies this process by providing a comprehensive analytics dashboard that includes risk scores. This allows brands to have a clear, concise overview of potential risks associated with an influencer.
Remember, the right platform for you will depend on your team’s unique needs and requirements. Always evaluate multiple options before making a decision, to find what works best for your brand.