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Unfortunately influencer marketing and ROI are rarely terms used together at present. That being said, it's a format that's a perfect fit for brand awareness as
by wastedhours 10y ago
Unfortunately influencer marketing and ROI are rarely terms used together at present. That being said, it's a format that's a perfect fit for brand awareness as much as it is direct action, so there is value in looking at vanity metrics for reach - shame that path leads to people (potentially) gaming the system.
- EnFinlay 10y agoI was at a talk given by the founder of PlentyOfFish and I asked him what sort or return he saw on the PoF appearances in popular music videos (Lady Gaga "Telephone" is the only one I remember right now). He said that it was just for "brand awareness". I got the impression he was keeping the real answer close to his chest though.
- Fogest 10y agoThat is because it would be hard to gauge. But think about it, if you are looking to join a dating site then PoF may be a site that comes to mind if you recently saw it in a video.
- EnFinlay 10y agoOh yeah, absolutely hard to gauge and what you say might be the intended outcome (50% of marketing budget is wasted, but which half yadda yadda...). But the other part of me refuses to believe that such an action was taken with no planned feedback loop. It has to be damn expensive since music videos are one of the few pieces of media that people choose to watch more than twice and are short enough that your paid spot will get way more % screen time than a movie or TV show.
- shostack 10y agoBranding plays are notoriously hard to measure the impact of because they simply lack the ability to consistently track the touchpoint on the path to conversion. And even then there is the question of how to weight it along with all the others. View-throughs should never be given 100% credit. If there is anyone who has cracked the nut on how to justify branding efforts to management on an ROI basis I'd love to pick your brain. Arguably one of the hardest problems in marketing today.
- wastedhours 10y agoIf you have a suitable targetable niche, then perception studies really do help - especially if your campaign is designed to change an existing preconception in order to appeal to new people (as opposed to being a direct driver - long pipeline for us). That's what we did and got buy-in from management for the ROI on that basis
- shostack 10y agoHow did your ROI calculation look then?