The Association of National Advertisers (ANA) this morning released its first-ever guidelines for measuring influencer marketing.
The guidelines, which include metrics covering "awareness," "engagement," and "conversions" generated via "organic" influencer marketing, were described as a "challenge that has thwarted" marketers for several years, the ANA said in a release, adding, "The lack of both consistency and transparency has limited organic influencer marketing’s value to advertisers, hamstrung its growth, and obfuscated its true ROI."
The ANA said the guidelines were developed in collaboration with "agency partners and the major platforms" and have also been endorsed by the Media Rating Council.
“Two years ago, in the ANA’s State of Influence report, we asked its members to identify their single biggest challenge in implementing influencer marketing, and the overwhelming response was measurement,” ANA CEO Bob Liodice stated, adding, “These new guidelines will help all marketers harness the power of this important and growing discipline and help them maximize their ROI.”
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The ANA said the lack of standardized measurement across social media platforms and ad agencies has been a key part of the problems for marketers and recommended that marketers:
Wow, probably the biggest platform, Twitch, isn't even presented....?! You can shoot a hole a mile wide with these recommendations.
There are very tangible and reliable platforms to measure ROI and compliance. Looks like the ANA is about five years behind on real world solutions that exist to guide marketers through their influencer efforts.
I'm puzzled how an industry 'standard' can have so many different data points and calculation methods.
@john Grono - it's very much the typical force a square peg into a round hole and make the industry eat it approach.
Too true Dan. Plus each peg and hole can be whatever shape and size they want.