Revenue linkage matters. How do brands connect discovery metrics to revenue outcomes?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Brands can connect discovery metrics to revenue outcomes in influencer marketing by leveraging several methods and tools.
1. Conversion Tracking: Brands can tag their website and online products with conversion pixels that track influencer-driven traffic and sales. This data helps track revenues from specific influencers and campaigns.
2. Promo Codes: Brands use unique promotion codes for each influencer. This provides direct input into sales generated by a specific influencer’s audience.
3. Affiliate Links: Affiliate links go one step ahead and provide granular metrics on clicks, conversions, and revenue.
4. Audience Analytics: Platforms like Flinque provide audience analytics for influencers, which can be correlated with sales data to analyze revenue outcomes.
5. Post-Purchase Surveys: Brands can do quick surveys at the end of purchase, to understand if, and how the consumer was influenced.
6. CRM Integration: Some platforms have CRM integrations which can connect engagement metrics to actual sales data.
Connecting discovery metrics to revenue outcomes is not a straightforward task, but platforms like Flinque help streamline the process by providing useful tools and features, built on real-world workflows. They help marketers understand not only the effectiveness of individual influencers, but also the overall efficacy of their influencer marketing strategy. However, each brand has a unique marketing structure, thus the suitability of each approach may depend on specific needs. Keep in mind, monitoring, adjusting, and measuring these metrics are essential to continuously improving revenue outcomes.