12/28/2024
After conducting over 100 Klaviyo audits, these are the main metrics I look at:
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Klaviyo Attributed Revenue Percentage
This is that sexy number that email marketers love to boast about. It tells you how much revenue email marketing is bringing in compared to your overall revenue.
0-20%: There are major gaps in your email marketing, or your product might need improvement.
20-30%: Solid, but there's definitely room for improvement.
30-40%: This is the sweet spot. Emails are doing really well, with about a third of your revenue coming from email marketing.
40%+: Emails are crushing it. However, this might indicate a need to ramp up acquisition and get more new people into the system.
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Campaign vs. Flow Percentage
This is the split between campaigns and flows. I've seen massive fluctuations, so I don't focus too much on this unless one is severely underperforming (less than 20%).
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SMS Revenue Compared to Overall Klaviyo Revenue
We aim for 10-15% of overall Klaviyo revenue to come from SMS. If you're under 10% or don't have any SMS revenue, it's definitely an opportunity to add revenue by implementing SMS into your strategy.
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Revenue per Recipient
I don't focus much on this metric. Not every email is designed to sell, and there are many factors that can affect this number without necessarily indicating success or failure.
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Deliverability
This is crucial because it affects everything else in the account. The deliverability score combines open rate, click rate, bounce rate, unsubscribe rate, and spam complaint rates.
0-40%: Major deliverability issues
40-60%: Average, but improvements can be made
60%+: You're in a good spot
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Flow Performance
I sort flows by revenue and look at which ones are bringing in the most, a medium amount, and the least revenue. Generally, when everything is optimized, the order looks like this:
Welcome flows and abandonment flows are typically the top performers
Post-purchase flows (upsells, cross-sells, customer thank yous) are usually in the lower third
VIP flows and win-back flows are often in the middle
Quiz flows can be strong performers for certain brands
Subscription reminder flows often do well
Back-in-stock and birthday flows usually don't drive massive revenue
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Pop-ups
We look at conversion rates for pop-ups:
0-2%: Underperforming
2-3%: Solid, but room for improvement
4%+: Great
7%+: Exceptional
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Campaigns
Open Rates:
Less than 28%: Needs improvement 28-35%: Average 35-45%: Great 45%+: Awesome, but consider expanding your audience
Click Rates:
Less than 0.5%: Needs improvement 0.5-1.2%: Average 1.2%+: Great 2%+: Exceptional
Placed Order Revenue
I prefer to look at overall revenue for the month rather than focusing on individual campaign performance. Some campaigns are for nurturing, while others drive direct sales.