• Soovox Wants To Help Brands Connect With Online Influencers

    Wednesday, November 17th, 2010

    Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    The measurement of online influence is a hot topic these days. For example, Klout is a popular app that helps users determine how much influence they wield on Twitter and Facebook. Soovox is launching to help users determine their social influence and aid marketers in connecting to the influencers for particular brands. Soovox, which is launching tomorrow, is offering TechCrunch readers an early look at the site if you use the code “soovoxtcvip” here.

    Called the Social IQ, Soovox’s tool promises to measure a user’s ability to sway others’ opinions and actions. The startup uses an algorithm that tracks the user’s social web influence by measuring three main criteria to score their social influence: Reputation (authenticity, behavioral),
    Connections (passive, active), and Knowledge Authority (consumer, professional). Social IQ tracks Facebook, Twitter, LinkedIn, and MySpace to determine influence.

    As an incentive for consumers to sign up for Soovox, the company offers contests where users can win prizes. Users can also earn cash for participating on the site which can be used in a marketplace (which has not been launched yet).

    For marketers, Soovox offers access to influencers/ambassadors of their brand or products. Social IQ allows brands to identify their brand Ambassadors (those with a high Social IQ score) and the Soovox marketplace will allow the brands to engage the influencers to participate in their marketing campaigns.

    For now, the only feature that Soovox has available is the ability to measure your Social IQ and the startup is hoping to incentivize consumers to sign up with a contest to win a Macbook Air. In theory, Soovox sounds like a great way to match up brands with influencers. But in reality, the startup is going to need more than a laptop giveaway to get users to participate in the site. And if Soovox doesn’t manage to find influencers, then marketers won’t see any value in the site.

    It’s also worth mentioning that a number of other apps out there help brands identify influencers on Facebook and Twitter, including Viralheat and PeopleBrowsr.

    Company: Soovox
    Website: soovox.com
    Launch Date: June 11, 2009
    Funding: $1.05M

    Soovox is a Social Influence network where users measure their Social influence through the social IQ, and sell it as advertising capabilities to their favorite brands. Soovox is offering innovative ad solutions for product awareness and product promotion that enable marketers to promote their brands through their influential fans on the Social web. In other words, it is the Google Adsense platform for influence advertising.

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