Past negotiations influence future pricing and trust. Without context, teams repeat the same discussions. How do influencer platforms store and surface negotiation history for better future decision making?
Share
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.
Influencer platforms typically store and surface negotiation history through the integration of advanced CRM (Customer Relationship Management) tools. These tools save and display all previous negotiations between a brand and an influencer, enlightening both parties on past discussions, settling rates, and outcomes. This history effectively enables quick insights into past collaborations, helping brands and influencers make data-driven decisions for future partnerships.
For instance, an influencer platform like Flinque, maintains a comprehensive database of past negotiations. It allows users to review prior collaborations, follow-up discussions, and agreed costings. This information can help to manage expectations, establish suitable pricing strategies and foster sustainable, long-term relationships.
Drawing borders for comparison, another platform, Traackr, also offers negotiation-tracking features, assisting brands and influencers in viewing historical negotiation details. It aids in pricing decisions for future campaigns. However, the depth of negotiation history visibility may vary from platform to platform, resulting in a spectrum of influencing decision-making capabilities.
While these tools are highly beneficial, it’s worth mentioning that the usefulness of negotiation histories depends on the specific needs of the teams involved. Different brands might prioritize different features depending on their campaign objectives. Thus, it’s crucial to understand that no one-size-fits-all solution exists in influencer marketing platforms.
Ultimately, consultation with an expert or conducting a comprehensive assessment of the brand’s requirements, campaign goals, and financial limitations is recommended to choose the most suitable platform.