Brand collaborations are a hot topic these days. Celebrities, influencers, and digital marketing professionals want to work with brands that can produce results for their lifestyle or business. Are you looking for ways to measure the success of your brand collaboration? Great. Here are some tips and metrics to get you started.
Reach
Reach is a metric that measures the number of people exposed to your content. Reach is calculated using the total number of unique users who viewed at least one page on your website, including internal pages such as navigation and search results. Reach can track how many people are exposed to your content, regardless of whether they engage with it or not.
For example, let’s say you run a blog about cats and you publish an article about black cats that gets shared on Facebook and Twitter. If someone shares your article on their timeline or mentions it in a tweet, then they’re counted as one person who was exposed to the article even if they didn’t actually click through to read it.
Views and Engagement
Views and partner engagement are the most basic metrics to track for a successful brand collaboration. They tell you how many people have seen or engaged with your content. If the goal of your campaign is to increase awareness or generate sales, then this is important data to know.
Views and engagement refer to the number of people who have seen or interacted with your content. For example, if someone views a video on YouTube, it gets counted as one view. The same goes for other media types like an Instagram post or tweet, each time someone sees the post in their feed counts as another view.
Calculating its engagement rate is one way to measure how well your content is performing. That’s simply how many people interact with something you post divided by how many people see it (based on total impressions). So, if 1 out of every 100 people who saw your Facebook post commented on it, that would be a 1% engagement rate (100 commenters/10,000 impressions).
Audience Growth
If you are working with a brand, it is important to track how many new people are joining your audience because this is an indicator of how well the collaboration is going and whether or not it will continue. If you are only seeing a few new people join your audience each month, then the collaboration may not be worth continuing. On the other hand, if you see hundreds or even thousands of new people join each month, then it might be worth continuing.
There are several ways to determine audience growth: Your email list could grow from 1,000 to 1,500 over the course of 6 months. This would mean that 500 new people joined during that time period. You could also see an increase in followers on social media accounts like Instagram or Facebook, which would indicate that more people were engaging with you on those platforms as well as through emails and other forms of communication.
Click-Through Rate
One of the main ways that brands engage with their partners is through the use of social media. This is especially true when it comes to influencers and celebrities who have large followings on platforms such as Instagram and Twitter. If you are working with an influencer, it’s important that they engage with their followers regularly to gain more exposure for your brand.
You can track how many times someone clicks through a link or image by using Google Analytics, which will give you an accurate picture of how effective these efforts are in driving traffic back to your website or landing page.
Customer Feedback Rate
You can use customer feedback as a way to measure satisfaction with a brand collaboration and gain insight into what works best for future campaigns. Encourage customers to provide feedback about their experience with your products through surveys or questionnaires after purchasing them from stores or online retailers, and ensure that you’re tracking this information to analyze trends over time.
Conclusion
When it comes to any type of collaboration, understanding and tracking your metrics can be critical. There might be a lot of hype surrounding the benefits and excitement surrounding brand collaboration, but without these core metrics, you will never know if what you did was truly successful.
