Friday, April 01, 2016

SocialRank is publicly launching a way for brands to peek at their competitors.



When SocialRank — a New York City–based startup that lets users analyze their Twitter and Instagram followers and is rolling out a new tool today. — looked at which Twitter accounts early adopters wanted to spy on.

First Product: Dashboard to help people to track Twitter Followers.

SocialRank’s first product was a dashboard to help people track their Twitter followers, sorting them by location, interests, algorithmically determined “value,” engagement, employer, influence, and even keywords in their Twitter bio. If you follow a sizable number of people

Business Need: Difficult to analyze your followers.

It’s the kind of simple data that Twitter still makes impossible to search. SocialRank’s revenue model, however, is focused on customers like Nike, Sony Music, Paramount Pictures, Red Cross, and Harvard University, who get even more exasperated by how hard it is to study a huge group of followers.

Solution: Marketing Intelligence tool to compare Twitter accounts among companies for free.

Today SocialRank is publicly launching a tool called Market Intelligence — in beta until now — that will let customers do the same kind of analysis, except with the ability to compare it to other Twitter accounts. “If you’re Nike, you can run Puma. If you’re Airbnb, you can run Hilton and Marriott,” Taub explained. “It feels a little like you have access that you shouldn’t have.” (Market Intel for Instagram is on its way and already being beta-tested by social media celebs like Fuck Jerry and Crazy Jewish Mom.) In order to test-drive Market Intel for Twitter, SocialRank is offering users the chance to test their own account for free.

Time-consuming practice without Social Rank’s tool

Some customers were spending more than 200 hours on this, or throwing an intern at the job, whereas SocialRank lets them compile a targeted list with a few clicks.

Competition & New tendency

Compared to cruise ship–size competitors like Sprinklr and Salesforce (in that case, the cruise ship is literal), SocialRank is cheaper, but less robust. However, the CEO predicts a shift in resources where brands will spend “as much time, if not more time” examining the followers they have, rather than trying to get new ones.



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