In today's digital landscape, earned media value (EMV) has become a pivotal metric for brands aiming to gauge the success of their influencer marketing campaigns. LTK EMV Earned Media Value calculates the value of impressions and engagement generated by Creators beyond their lower funnel reach to capture the total effectiveness of a campaign.
Understanding and leveraging EMV can significantly amplify your marketing strategy, driving better engagement and ROI. This comprehensive blog post will walk you through what EMV is, why it matters, and how to effectively use it in the influencer marketing industry, with a focus on how LTK provides the most advanced EMV for brands.
EMV is an estimation of how much it would cost to generate impressions, likes, and comments with traditional media formats, such as paid advertising. It is calculated through quantifying the value of analytical results such as impressions and engagements, divided by the CPM value. LTK sets the standard in EMV by also benchmarking CPM and CPE values over 13 years of historical Creator marketing data.
Consumers today trust peer recommendations more than traditional advertisements. EMV captures authentic endorsements from influencers, which can lead to higher consumer trust and loyalty.
While paid media requires a direct financial investment, earned media captures the market value of Creator content/posts, allowing your brand to invest based on how campaign content leads to awareness, engagement, growth and sales.
Influencers often have large, engaged followings. EMV measures how far and wide your brand's message is spread through these Creator audience networks, providing insights into your campaign's reach.
LTK is a leading influencer marketing platform that connects influencers with brands, allowing them to monetize their content and providing them with powerful tools, such as LTK 360 reporting, to measure and enhance their marketing campaigns. LTK is known for its advanced analytics and EMV capabilities, making it an invaluable resource for brands looking to maximize their influencer marketing efforts.
Use LTK's advanced EMV metrics to identify which influencers bring the most value to your campaigns. You should prioritize influencers who consistently generate high EMV in future partnerships.
Analyze the EMV of different types of content (e.g., videos, images, stories) within LTK 360 reporting to determine what form of content within your LTK campaigns resonates best with your audience. This data-driven approach helps refine your content strategy.
EMV provides a clear, quantifiable metric to justify your influencer marketing budget to stakeholders. With LTK's precise EMV calculations exclusively available in LTK 360 reporting, you can demonstrate the tangible value generated from audience impressions, engagement, and awareness on campaigns.
Set EMV benchmarks based on past campaigns and industry standards LTK provides. Use these benchmarks to set realistic goals and measure the success of future campaigns.
Understanding and leveraging earned media value is crucial for maximizing the impact of your influencer marketing campaigns. By accurately measuring EMV, you can identify top-performing influencers, optimize your marketing strategies, and justify your investment in influencer partnerships. LTK offers the most advanced tools and metrics for calculating and enhancing EMV, making it an essential platform for any brand serious about influencer marketing.
For more in-depth insights and tools, explore LTK and discover how it can help you stay ahead in the competitive landscape of influencer marketing by mastering the art of EMV with LTK.