Most companies do everything wrong right from the start: they simply write to the influencers that they think are cool, that appear in their feed, that look good. The issue of lack of analysis causes them to burn budget without any return.
Demographics are your most important filter for measuring success
Before you invest a single euro of budget, you need to analyze these three areas:
Age: Does the influencer really reach your target group? If your customers are 30+ but the influencer primarily reaches 18 year olds, it's like fishing for fish in the forest - it just doesn't make sense (2).
Gender: Does the gender distribution match your product? A beauty product for women from an influencer with an 80% male target group? Not a good idea for your campaign performance.
Country Split): This is the most critical indicator that many overlook. Ad Specialist has seen brands that booked an influencer multiple times where 70% of the followers came from Albania - for a German product (2). This is not a joke, this is really happening in the industry because the basic data is not being asked.
How to check the demographics correctly:
Always ask for screenshots from YouTube Studio or Instagram Insights for your analytics. This is the raw data that gives you extremely good insights. Compare these demographics with your own shop target group. Does it even match? If not: stay away, no matter how cool the influencer is.
This is where things get exciting with the KPIs in Influencer Marketing, because the number of followers is just a vanity metric. An influencer may have built up 100,000 followers five years ago, but is no longer active today and only generates 2,000 to 3,000 active story or video views (2).
These reach marketing KPIs really count:
Video Views (YouTube): How many people actually watch the content? The watch time is particularly relevant here because it shows whether the target group is really engaged.
Story Views (Instagram): Not the number of followers, but how many people actually see the stories. This is your real reach on social media platforms.
Current vs. historical reach: Unfortunately, the followers of the past are not the reach of today. Therefore, let us show you the current average values of the last posts.
A practical tip from Ad Specialist for your Influencer Marketing strategy: If you go to brands' Instagram profiles, you will see the top mentions. But be careful – sometimes there are 50, 60, 70 mentions from influencers who only have 3,000 followers. It might reach 30 people with one story. Building that up requires an incredible amount of internal capacity, and these influencers might give you one or two conversions after the first, second, third collaboration. Scaling this later is an incredible effort (2).
The engagement rate is one of the most important KPIs in Influencer Marketing and shows you how strong the connection between influencer and community is. It is calculated as the sum of likes, comments and shares divided by the number of followers (4).
Platform-specific features for your marketing strategy:
- Instagram: An engagement rate of 1-3% is considered average, 3-6% is good, and over 6% is excellent (4). This rate is an important KPI for measuring success.
- YouTube: It's not just the engagement rate that counts here, but also the quality of the comments. Long, thoughtful comments show genuine interest in your product.
- Twitch: This platform is so often underestimated, but when you have the right audience, it's amazing. Ad Specialist achieves the greatest success here and builds the most profitable influencer campaigns because the community is so committed. You can build an awesome storyline over a longer period of time and not just have a single post (2).
Calculate the potential ROI of your influencer marketing campaign now with our free ROI Calculator
The cost per engagement (CPE) or cost per engagement is a central KPI for your influencer marketing strategy. The CPM (cost per mille) or CPM (per thousand contact price) is your most important comparison value. It shows you what 1,000 contacts cost you.
Calculation: (Campaign Cost / Reach) × 1,000 = CPM
Example: An influencer charges 500 euros and reaches 50,000 people with his content. Your CPM is 10 euros.
With this value you can objectively compare different influencers with each other - regardless of their number of followers. A micro-influencer with 10,000 followers but a high engagement rate may have a better value for cost per engagement than a macro-influencer with 500,000 followers.
The click-through rate (CTR) is one of the most important KPIs for performance marketing in Influencer Marketing. It shows you how many people actually click on your link and get to your product.
Calculation of the click through rate: (number of clicks / number of impressions) × 100 = CTR in %
A good click through rate CTR for influencer campaigns is between 1-3%, depending on the industry and the product. This key figure gives you direct insight into the performance of your content.
The conversion rate is the ultimate KPI for the success of your influencer marketing campaign. It shows you how many visitors actually become customers and complete a purchase.
Calculation: (Number of conversions / Number of clicks) × 100 = Conversion Rate
From Ad Specialist's agency experience: The conversion rate varies greatly depending on the social media platform and product category. Typical values are between 1-5% for e-commerce (2).
There are marketing KPIs that cannot be measured in pure numbers, but provide extremely valuable insight into the success of your campaign:
Brand collaborations as a quality indicator: If you see that an influencer has already entered into collaborations with well-known performance brands such as Hello Fresh, Clark or others - and preferably several times - then that is a very good sign. These brands don't waste budget. If they work with an influencer five times, that means it was worth it for them (2).
Content quality and brand fit: Does the influencer's content style match your brand? Is the speech authentic? Would a collaboration seem natural or like a foreign body?