What is EMV, and how is it calculated?
EMV or Earned Media Value is the accepted advertising industry standard for measuring PR activities and influencer marketing campaigns. SOMO EMV s based on a proprietary methodology and shows what it would have cost to gain the same reach through paid social among an audience with similar demographics.
EMV assigns a monetary value to every interaction made with a post or account on social media and calculates the total value of their “earned” interactions. That means every like and comment is given a value and added together to create a single, easily discernible value. Not all social media interactions are equal, but they do all provide some level of value.
Which metrics affect the Earned Media Value?
- Reach — the estimated number of impressions per influencer’s post. We exclude all inauthentic activity in our calculation to clear this metric of fraud.
- Engagements. The number of likes, views, and comments.
- Number of followers
- Overall account quality and authenticity
- Audience age, gender, and location.
To establish a baseline EMV for each type of social media interaction we adopted an integrated approach that included research from third-party reports, data science analysis through our internal and external monitoring tools and our experience in pricing creative media placements across industry verticals and venues.