FIR B2B Podcast #96: Lessons from the demise of Klout

Klout is dead. The news wasn’t a surprise, and the announcement from its current owners at Lithium didn’t leave anyone tearing up. The idea of boiling influence down to a single number always struck us as overly simplistic. And the tools to measure influence are so much more sophisticated now than in Klout’s heyday.

But we should pause and understand why Klout fell into disuse and what marketers can learn about measuring the effectiveness of their social media campaigns. It’s also a good time to look at what other tools are available that are useful, such as LinkedIn Social Selling Index, (shown here) which gives your account various scores and then breaks them down into four components that have a little more meaning. You can see how you rank within your industry and within your LinkedIn network. There’s also Twitter Analytics, which tracks changes in your Twitter engagement through five different elements: tweets, tweet impressions, profile visits, mentions, and followers. Again, one number doesn’t really describe the range of influence that a social network provides, and you might want to focus on one or two elements as you measure your own reach.

I reviewed social media marketing tools many years ago and certainly that universe has seen some evolution, but SproutSocial, SimplyMeasured, Looker and Adobe’s Marketing Cloud are all still available and very reasonable measurement tools as you construct your campaigns. And as general purpose business intelligence tools such as Microsoft’s PowerBI and Domo become easier to use, they can be used for this purpose.

We also touch upon another looming deadline this week, with the GDPR regulations coming into full force. My podcasting partner Paul Gillin has written a piece about executives are turning more positive on its potential and also using the compliance deadline to effect some positive changes in their organizations’ privacy and data protection policies.

You can listen to our latest podcast (15 min.)here.

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