20 November 2024

How Brands Can Unlock Marketing Success with Data in the Age of Creator Economy

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The rise of the creator economy has transformed marketing, but success isn’t just about partnering with influencers—it’s about understanding how to measure and optimize those relationships effectively. To navigate the complexities of creator-driven marketing, it's crucial to leverage the right data-driven approaches. Here are three actionable and tactical insights that will help any brand leverage data to succeed in the creator era.

1. Use Multi-Stage Marketing Mix Modeling (MMM) for Accurate Measurement

One of the biggest challenges in influencer marketing is understanding how campaigns impact different parts of the customer journey—from awareness to conversion. Instead of relying on single attribution models that can miss important nuances, consider using multi-stage marketing mix modeling (MMM) to measure the true impact of your influencer efforts.

MMM allows brands to model different stages of the funnel: upper funnel (e.g., desirability), middle funnel (e.g., website visits), and lower funnel (e.g., sales). By breaking down the journey, brands can assess how influencer campaigns are driving initial interest (e.g., increased search volume for the brand), traffic to your website, and ultimately conversions. This approach provides a more complete picture of how influencer marketing contributes to your overall brand performance.

2. Don’t Underestimate the Power of Mid-Tier and Micro-Influencers

Working with large influencers might get more visibility, but a balanced approach across different tiers of influencers tends to deliver better results. By working with a mix of macro, mid-tier, and micro-influencers, brands can create authentic content that resonates with different audiences and taps into niche communities.

Mid-tier and micro-influencers often have high levels of engagement, and their followers tend to trust them more than larger influencers. Additionally, involving smaller influencers early in their careers allows you to build authentic, long-term relationships, which can pay off if they grow into larger creators. For large brands, focusing on a balanced mix across all tiers of influencers can significantly amplify organic posts. and help achieve sustainable growth.

3. Tie Creator Content to Business Outcomes

Many marketers struggle to draw a direct line between influencer campaigns and tangible business outcomes. A solution to this problem is to implement measurable KPIs that track how influencer content is driving behavior throughout the customer journey.

For instance, brands should track metrics like Google search volume, website traffic, followers on social profiles, Amazon search volume, inbound message volume on IG, and signups to assess how creator-driven campaigns are generating interest and consideration for the brand. By mapping these metrics to influencer activities, you can create a clearer connection between upper-funnel engagement and conversions. To go further, take advantage of tools like SEVA to track performance at scale and automate your data collection.

Wrapping It Up: A Data-First Approach to Influencer Marketing

In the creator economy, data is key to optimizing and scaling your influencer marketing efforts. By adopting multi-stage marketing mix modeling, working across influencer tiers, and tracking how campaigns translate into business outcomes, you can elevate your brand’s marketing strategy and drive real impact.

Ready to take your influencer marketing to the next level? Set up time with our team at SEVA to learn how you can unlock the power of data-driven marketing in the creator era.

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