What is the Promotional Effectiveness Score?
Hookit has developed the Promotional Effectiveness (PE) score for brand marketers to compare their properties and benchmark against other brands. The score looks at how effective a sports property is at promoting its sponsor, regardless of its follower count.
The Promotional Effectiveness score is a composite score out of 100 calculated by benchmarking an entity against the rest of sports, which Hookit tracks through its proprietary Sport Graph. It is composed of 5 normalized sub-scores that evaluate posting habits, content creation, and fan/follower engagement on branded content.
Sub-Scores
ENGAGEMENT
Interactions and views on branded posts vs non-branded posts
POST PROPORTION
Number of branded posts vs non-branded
QUALITY
Promotion quality score based on Hookit Valuation Model factors
SHARE OF VOICE
Number of brands mentioned in promoted posts
FREQUENCY
How regularly is branded content posted
How Brands Use the PE Score
Revealing how effective of a promoter an entity is, the PE score allows brands to compare different entities’ promoting skills to know which influencers and sports properties are good investments and which are not likely to return high value for the brand through social and digital promotion. Additionally, the score shows a brand where their sponsored entities can improve.
For example, in the comparison above in blue, the sponsored entities could improve their Promotional Effectiveness score they had higher quality promotions. To do this, they would need clearer brand logos in their posts as well as proper mentions of @brand or branded #hashtags.
While the Promotional Effectiveness score is an excellent indicator of which properties are the best partners for a brand, there are other factors that need to be considered in combination with the score. For one, the PE score does not consider the number of followers than an entity has. If two properties have similar PE scores, a brand would be better served to partner with the one with the larger follower size as that will generate a larger impact for the brand. Similarly, the demographics and audience make up of that following need to be considered. A property could be an excellent promoter, but not have the target audience that the brand wants to reach. If this is the case, the brand would be better served to find another property to partner with, even if they have a slightly lower PE score.
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How it Works || Spontech || Sport Graph || Hookit Valuation Model
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