Here’s How You Can Start Making Influencer Marketing Accountable and Why You Should!
India’s Ministry of Information Technology has banned 59 Chinese apps, including TikTok, after receiving several complaints from many sources about apps that were stealing and surreptitiously transmitting users’ data in an unauthorized manner. What’s more, Apple has removed TikTok from its app store after they too discovered that the new social media app was collecting user clipboard data (what we copy and paste) even though TikTok blamed it on Google’s SDK.
This is a classic example of how companies and brands often unknowingly enable influencers, search/discovery platforms, and agencies because many brands try to catch the latest trends without proper research or understanding of how a marketing campaign should work on a new platform. Unfortunately, this only serves to accelerate budget waste and it goes to show that the platforms themselves don’t always function in the best interest of their users!
At Sylo, our goal is to partner with brands, agencies, and influencers to provide the only independent data verification, fraud detection, and performance analytics solution to help companies avoid waste, and increase ROI in their influencer programs. We believe the influencer marketing industry needs to be responsible! With that in mind, here are the ways you can start making influencer marketing accountable:
Bots and Fake Followers are Not the Norm
As an influencer, there is always pressure to grow your following and have as many followers as possible. Many people wrongly believe that a large follower count is the best way to be a successful influencer. As a result, influencers often turn to fake followers and bots to make it seem like they have a broad audience with many likes and comments per post. Of course, bots and fake accounts contribute to budget waste because they will never buy a brand’s products or services!
Sometimes bots and fake followers can infiltrate Instagram accounts without the Influencer knowing, so there will be a small degree of fake followers that’s unavoidable. Still, contrary to popular belief, brands have more power than they think! Companies have access to partners and tools to help identify suspicious activity, such as followers who were bought by influencers, irregular engagement and account growth, or robotic language. In fact, Sylo and Nielson have come together to bridge the gap between campaigns and brand sales, allowing you to optimize current and future influencer activations, and measure ROI like never before. Our industry-leading fraud detection is designed to protect you from paying for fake followers and bot engagement!
Monitor Important Metrics
When you’re tracking metrics in your influencer marketing campaign, you need to focus on data stability and predictability. It’s essential to require that influencers produce independently verified data about their engagement, impressions, reach, and audience before a contract is signed, just like they do with publishers. Authentication is the only way to collect accurate and complete influencer data. However, many platforms simply scrape data, which only shows surface-level information—scraped data supplies users with metrics that are inaccurate by over 125%! Scraping doesn’t offer the data quality necessary to vet and measure influencer performance adequately and will lead to 50-60% waste in your influencer campaigns.
That’s why Sylo only uses independent data verification on influencer audiences and content performance. We provide the essential tools and insights you need to make smart financial decisions by gathering thousands of data points on each influencer channel and post. We power unmatched analytics refined over years of observation and testing. Our transparent access to verified benchmarks allows you to set pricing commensurate with channel performance. Plus, Sylo certification distills millions of data points and insights to convey the investment worthiness of an influencer.
Learn How to See the Value
When a business purchases media on a website, it’s easy for them to understand the value because they can measure it using CPM, impressions, reach, audience, and CTR. However, when it comes to influencer marketing, brands often negotiate a rate per post with little direction to figure out if they got what they paid for. Therefore, another critical way to make influencer marketing accountable is to learn how to see if your business got the value paid for! Sylo is built to not only independently verify influencer audience data and detect fraud but also to validate campaign metrics, which makes it easier for brands to see if there is a return on investment. Unlike platforms, Sylo has nothing to gain by obscuring or altering campaign results, so our measurement (and judgement) is never clouded. You can trust that our insights are based on verified data that’s free of bias, allowing you to make informed decisions to optimize your future campaigns and maximize ROI.
As our advisor, David Beebee, said, “It’s what Nielsen ratings are for TV. Can you imagine if networks reported their own viewership numbers and ratings? The industry would be a mess. Influencer Marketing shouldn’t be any different.” So if you’re looking to hold the influencer marketing industry accountable, combat fraud, and see a real boost in business from this marketing strategy, you need to contact Sylo today!