In the world of influencer marketing, especially on platforms like Xiaohongshu (Little Red Book), understanding key performance indicators (KPIs) is crucial for success. Here are four vital metrics to evaluate your Key Opinion Leader (KOL) advertising campaigns:
1. Cost Per Reading (CPR)
CPR measures the cost-effectiveness of your content’s reach:
- Evaluates the cost of effective exposure for each post
- A CPR below ¥1 is good, below ¥0.5 is excellent
Formula: CPR = KOL post cost / Number of views
2. Cost Per Engagement (CPE)
CPE assesses user interest in your content:
- Most valued metric by brands
- Lower CPE indicates higher user interest and potential conversion
- A CPE below ¥10 is good, below ¥5 is excellent
Formula: CPE = KOL post cost / Total engagements (likes, saves, comments)
3. Engagement Rate
Engagement rate measures content and product approval:
- Evaluates KOL’s fan loyalty and data stability
- Higher, consistent engagement rates indicate lower risk for brands
Formula: Engagement Rate = (Likes + Saves + Comments) / Number of views
4. Viral Post Rate
Viral post rate assesses overall KOL campaign effectiveness:
- A rate above 20% indicates a successful campaign
Formula: Viral Post Rate = Number of viral posts / Total posts published
Viral Post Benchmarks:
- Minor viral post: 1,000+ engagements
- Major viral post: 10,000+ engagements
- Super viral post: 100,000+ engagements
By focusing on these metrics, marketers can optimize their Xiaohongshu KOL campaigns for maximum impact and ROI. Remember, successful influencer marketing on Xiaohongshu requires a balance of authentic content creation, strategic collaborations, and data-driven decision-making.
For brands looking to expand their presence in the Chinese market, mastering these KPIs is essential for navigating Xiaohongshu’s unique ecosystem and connecting with its young, affluent user base.
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