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Influencer Marketing Basics · Lesson 3 of 6

Measuring the ROI of Influencer Marketing

Measuring influencer campaigns is possible if you decide what you are trying to achieve beforehand.

1 Learn the concept

Measuring influencer campaigns is possible if you decide what you are trying to achieve beforehand. Awareness, traffic, sign-ups and sales call for different measurements. This lesson explains what can be measured and how, using tools such as unique links and discount codes.

The return on investment formula with an exampleRETURN ON INVESTMENTROI = (Revenue – Cost) / CostExampleRevenue $3,000 and cost $1,000: (3,000 – 1,000) / 1,000 = 2, or 200 percent.Use a unique link or discount code for each creator.Include creator fees, product costs and your time.Awareness goals may need other measures such as reach and saves.
Track results with a unique link or code for each creator.

2 See it in action

  • Reach and engagement show visibility and interest.
  • Clicks and sign-ups show traffic and leads.
  • Unique codes and links connect sales to a creator.
  • Compare cost to results to estimate return.

Worked example

Comparing two creators

Creator A: cost $500, 40 sales at $30 is $1,200 in revenue. ROI: (1,200 – 500) / 500 = 1.4, or 140 percent.

Creator B: cost $300, 8 sales at $30 is $240 in revenue. ROI: (240 – 300) / 300 = -0.2, or -20 percent.

Decision: continue with A and test a different approach with B.

Check: look at the quality of the audience and not only the first-sale numbers.

3 Study an example

Example scenario

Each creator in a campaign gets a unique discount code. After a month the brand sees that one creator drove many more sales for the same fee and plans to work with her again.

4 Apply it and download

  1. Choose your campaign metrics.
  2. Plan how you will track each.
  3. Set up the measurement plan.

Worksheet Influencer outreach and campaign brief templateOpen, print or save as PDF

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