Companion launches Benchmark Value, a new way to measure ROI on influencer marketing

The new Benchmark Value tool is powered by six years' worth of data collected from tens of thousands of influencer deals - with millions of campaign data points Analysis of these deals gives a metric that equates to the average market price for different types of influencer content - covering cost per engagement and weighted cost per follower; an additional metric also weights the value by region. The new Benchmark Value tool is powered by six years' worth of data collected from tens of...

The new Benchmark Value tool is powered by six years' worth of data collected from tens of thousands of influencer deals - with millions of campaign data points Analysis of these deals gives a metric that equates to the average market price for different types of influencer content - covering cost per engagement and weighted cost per follower; an additional metric also weights the value by region.

Until now it has been hard for brands to measure the value of their influencer marketing; black box methodologies, guesstimates and arbitrary values of the worth of influencer content have stood in the way of transparency and standardisation across the industry.

Companion and BMV in particular will allow a brand to judge how well their influencer campaigns have performed both in terms of ROI and can be used where they are negotiating terms with influencers at the outset of a campaign. In more detail:

Irving Shark, Head of Product at Companion, said: "Clients are getting tired of investing money and getting data back that is based on opaque metrics to calculate success. BMV is a transparent tool based on years of real data. For the first time, clients have an accurate view of how well their investment in influencer marketing is performing versus other channels."

Contact:
Fergus Scholes
[email protected]
Tel: +44 2036 370 447 

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