The Rise of AI-Generated Influencers: Threat or Opportunity for Brands?
26 January 2023
Influencer marketing is all around us in our digital world, but let's be honest, it's not always simple to measure its actual ROI. We're still typically talking about likes, views, or how many individuals follow someone. But does anything actually inform you about how your campaign did?
If you're investing in influencer marketing and require outcomes deeper than the surface, it's time to abandon vanity metrics and embrace performance-based measurement.
What Is Influencer Performance Marketing, Truly?
At its most fundamental level, influencer performance marketing is merely about linking results to real actions. Instead of paying an influencer to share your product, you're keeping them accountable for clicks, leads, or purchases.
It's a smarter, ROI-focused way to campaign out, readied to bring influencer marketing up to the same standard as paid advertising or email.
Why Vanity Metrics Fall Short
Suppose it's a typical scenario. An influencer posts your product, gets 50,000 likes and several hundred comments, but no one actually visits your site or purchases anything.
Sounds great in theory, doesn't it? But in reality, there's no direct return on investment.
All these superficial stats; likes, watches, following count are sometimes called vanity numbers. They might make you happy, but they don't really inform you. What you want to know is: Did this campaign move the needle?
The Metrics That Actually Matter
If performance matters, here's what you should be looking at:
Click-Through Rate (CTR)
How many people actually clicked on the link in the influencer's post, story, or bio? Good CTR means the content wasn't merely pretty to look at, it drove action.
Conversions
This is the holy grail. Whether it's a purchase on a product, sign-up for a newsletter, or download of an app, conversions show how well the influencer performed at driving actual results.
Tip: Use dedicated landing pages or custom promo codes to accurately track conversions.
Cost Per Acquisition (CPA)
Divide what you invested in the campaign by how many real customers it brought. This can assist you in deciding which influencers actually generate value.
Quality of Engagement
Instead of just counting likes, look at the quality of engagement. Are people saving the post? Asking insightful questions? Sharing it with buddies? That's a better measurement of interest.
Customer Lifetime Value (CLTV)
If you're working on long-term campaigns, think about how long-term those customers are worth. Do they come back? Do they buy more than once? That adds richness to how you calculate ROI.
Tools That Can Help You Track It All
You don't need to be a data scientist to get it right. There are smart tools and methods that can do all of that:
Use UTM links and Google Analytics to view traffic source
Give each influencer a unique promo code so you can link sales back to their content
Platforms such as CreatorIQ or Impact track performance metrics in one platform
Connect your CRM to know how influencer-driven leads perform over a period
It All Begins With Clear Objectives
If you want performance, you're going to have to plan for it. That means setting clear goals up front and choosing influencers whose audience and voice actually match up with your brand.
Micro-influencers and niche creators are more likely to outconvert big names. Why? Because they're more trusted in their audiences, and they see them as real people, not internet celebrities.
Repurpose What Works
The moment you find content that performs, don't let it go to waste. Leverage that influencer content on your paid media, your website, or in emails. High-performing creative can boost performance across channels, not just Instagram or TikTok.
Final Thoughts
Influencer marketing is not necessarily a guessing game. When you focus on real results, not reach or likes, you unlock the true potential of these campaigns.
So the next time someone is touting how many views a video got, ask the better question: What did it actually do for the business? That's the magic of performance marketing.