The Fifth and Storyful launch influencer measurement tool

the fifth and sturyful launch influencer measurement tool

Creative influencer marketing agency, The Fifth, has joined forces with Storyful, the social media intelligence agency, to create a new influencer performance measurement tool. 

The collaboration will enable brands to analyse metrics such as fame and interaction, to get a more accurate assessment of a campaign’s impact.

Influencer market 

The influencer market has gone from strength to strength with brands set to spend up to $15 billion on influencer marketing by 2022. 

This rapid and continued growth requires a fresh take and deeper understanding of what is meant by “influence” online. 

Reach or impressions, though useful indicators of performance, have never told the whole story about the effectiveness of an influencer.

In response, The Fifth and Storyful have collaborated to develop an assessment product that analyses eight proprietary metrics:

  • Fame – an influencer’s global follower account
  • Interact – their ability to generate interactions
  • Response – their ability to elicit a response from their audience
  • Share – their ability to drive their audience to share content
  • Persistence – their ability to keep awareness high throughout the course of a campaign
  • Authority – how often an influencer is talked about by others (without prompting conversations themselves)
  • Playmaking – how the influencer acts as a conduit for conversation
  • Popularity – how popular an influencer is among a specific community

For brands, this analysis offers a new way to benchmark and understand the performance of an influencer. 

After an influencer is assessed for each metric, they are given a ranking versus the other influencers in a campaign. 

In turn, this allows clients to know who performed well in each metric, and to take this understanding into further campaigns.

HUN Wines

In 2020, premium wine-in-a-can company, HUN Wines, partnered with The Fifth for its new brand campaign targeting millennials on Instagram. 

Titled ‘The #HUNdred Society’, the campaign used 10 influential voices from different subcultures in the UK to drive awareness of HUN Wines to a diverse range of communities.

To measure the effectiveness of each influencer, Storyful and The Fifth used the eight metrics to analyse the performance of each influencer, ranking them from 1-8 to show the impact each one had on the campaign.

influencer tool

The campaign reached 1.2 million consumers and had 121,000 engagements, delivering on all KPIs and driving positive sentiment for HUN Wines.

“We were delighted to be offered the opportunity to be the first brand to use The Fifth and Storyful’s new measurement tool”, Mark Woollard, Co-founder and CEO of HUN Wines said. 

“The comprehensive metrics will allow us to evaluate how well aligned the selected influencers are to our strategic aims to then enhance future campaigns.”

Oliver Lewis, Group MD and Founder of The Fifth, added “As the market grows exponentially, this tool will be invaluable in enabling brands to navigate the space and connect with the right influencers. 

“When combined with our premium influencer discovery and management service, it gives clients an in-depth examination of how each carefully selected influencer performed in a campaign, far beyond impressions or reach.”

Dara Healy, Executive Director of Intelligence at Storyful concluded: “We have long considered the role of influence in the new information environment. 

“Out of this work came Storyful’s Cosmos tool, which maps digital communities and the interconnections within those communities to analyse influence and information flows between individuals. 

“Our collaboration with The Fifth has been built around Cosmos and the result is an accurate assessment for each influencer.”