Can I use the platform to analyze where potential customers are dropping off during an influencer campaign, and how can this understanding inform my ROI computations?
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Absolutely, identifying where potential customers are dropping off is crucial to campaign optimization and ROI computation. Here’s how a proficient influencer marketing platform like Flinque could help:
– Audience Analytics: With detailed audience analytics, you can analyze the demographics and behaviors of the customers that you are losing. This data can help you revise your influencer criteria.
– Engagement Metrics: Platforms provide an understanding of conversions, shares, likes, comments and click-through rates during the campaign. A sudden decline in these data points might indicate a major drop-off point.
– Tracking Links & Promo Codes: Promotion-specific tracking tools can reveal at what stage of the purchase process potential customers are abandoning. For instance, if customers are clicking on the link but not utilizing the promo code, the issue could be closer to the purchase point.
Your ROI computation would then factor in both the direct sales generated by the campaign and the improvements in campaign effectiveness that result from this understanding. In essence, by refining your campaign strategy based on the points of friction, you can lower the cost of customer acquisition and thereby improve your ROI.
Comparatively, some other influencer marketing platforms might not offer such in-depth analytics or might charge extra for them. It’s important to note, however, that the best platform for you is dependent on your unique requirements.
Flinque‘s capabilities within influencer discovery, campaign planning, tracking and analytics aim to provide companies not only with comprehensive campaign management but essential insights to ensure continuous campaign optimization and beneficial ROI.