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Reddit Marketing KPIs: The ultimate guide

Reddit Marketing KPIs: The ultimate guide - Banner

Thinking about jumping into the crazy and unpredictable – but, ultimately, rewarding – world of Reddit marketing?

Reddit is a great opportunity to expand your audience and deepen engagement with your brand.

But when it comes to measurement, you can’t just slap some of the metrics you’re using for other social media channels on your Reddit strategy and expect to find success.

Reddit is a unique community – which is why it requires its own unique set of key performance indicators (KPIs).

In this post we’ll delve into what makes the world of Reddit unique and offer up some ideas on KPIs you should consider for measuring the success of your Reddit marketing.

Specifically, we’ll be exploring the top 9 Reddit metrics every digital marketer should be monitoring:

  1. Karma
  2. AMAs Participated In
  3. User Followers
  4. Nano-Influencers Engaged
  5. Non-Branded Posts Created
  6. Cost per Thousand Impressions (CPM) on Ads
  7. Promotions Run
  8. Comments Received
  9. Traffic to your site from Reddit

What is Reddit: A (brief) introduction

Before we get to those KPIs mentioned above, it’s worth pausing for a second to consider what makes Reddit different from other marketing channels.

So: What is Reddit?

Reddit is a community that brings users together to share, comment on and popularize different pieces of content.

It is like other social channels in that users can post links and text in a central place where others can see them.

But that’s where the similarities end.

The defining traits of Reddit are:

  • Upvotes and downvotes: Users can vote other posts up or down based on how valuable they think they are. Posts that get upvoted the most are pushed to the top of pages and seen the most.
  • Subreddits: Reddit is largely broken down into a series of communities called "subreddits". Individual subreddits are where the majority of the posting takes place. For example: The “CFB” subreddit brings together than 500,000 subscribers (the CFB subreddit calls them “fans”) who are interested in college football. Similar subreddits exist for nearly every topic you could ever imagine. An important thing to remember here: Reddits aren’t “owned” the way branded social media pages on Facebook or Twitter are. Subreddits are true communities, created and run largely by the people who choose to participate in them. Subreddits are how Reddit users engage with content – and build communities around – topics that matter most to them.
  • There are rules – strict rules: Unlike Twitter, where your behaviour has to be egregiously awful before the platform will even consider banning you, Reddit makes its rules for users pretty clear. And if you don’t follow them, then you will be banned from using the platform. What’s more, each subreddit usually creates its own specific sets of rules. Content that doesn’t conform to those rules – some subreddits won’t let you post links that are overly promotional, for example – will mean your content gets taken down. Repeatedly violating the rules will also get you banned.

Why Reddit’s utility for marketers is changing

Reddit has always been something of an outlier for marketers.

We know all about the “main” social media channels.

Facebook.

Twitter.

Instagram.

LinkedIn.

YouTube.

Reddit, though, barely even earns a mention when it comes to the best way to engage customers.

But that could be changing.

These days marketers are starting to shift their attention to “the front page of the internet”, as Reddit brands itself.

Search Engine Journal has declared that “every marketer should be on Reddit” while SmartInsights declared Reddit a respite from “the same old marketing channels”.

The platform’s burgeoning ad platform, which operates on a similar bidding system as Twitter and Facebook ads, is quickly becoming more accepted for advertises to reach Reddit users.

Reddit also has a large numbers – around 330 million worldwide. That fits it snugly between Twitter and LinkedIn in terms of popularity.

Add in the fact that Facebook’s recent algorithm change has made it more difficult for brands to reach that channel’s users and suddenly Reddit starts to look attractive as a viable option for building your audience.

What to consider before setting your Reddit marketing KPIs

Your Reddit marketing KPIs will be unique to you and your goals.

But before you set them you’ll also want to consider what makes Reddit unique.

Here are some areas that set it apart from other social media.

Reddit is a true community

Twitter and Facebook largely operate on an “anything goes” policy.

Not Reddit.

Redditors won’t be afraid to call you out if you’re not observing good “Reddiquette”.

That means that if you spam a subreddit with links to your website other users won’t be afraid to inspect your past posting history and call you out on it.

Even if you aren’t banned you could still be blacklisted, which means that other users are purposely choosing not to engage with your content due to your past behaviour.

Redditors don’t respond well to advertising

Let me put it even more bluntly: Redditors hate advertising.

On Facebook or Twitter it’s understood that brands are going to be hocking their products.

Not so on Reddit.

Redditors can tolerate brands talking about the products they sell.

But they have no patience for anything that exists solely for the purpose of selling.

That puts the onus on you to craft quality content that Reddit users will want to engage with.

It’s now OK to be a brand on Reddit

Once upon a time brands didn’t exist on Reddit.

If they wanted to get their content in front of Reddit users they would need to wait for a user to post it organically.

That changed last year with the arrival of Reddit profile pages.

Now brands have a place where they can post content without needing to find a place for it on a particular subreddit.

For example: The Nintendo of America profile page.

Nintendo uses it as a place to post updates and make new announcements – the sorts of posts that wouldn’t necessarily fit on particular subreddits.

Redditors love great content

The ground rules on Reddit might be slightly different than for other social media.

But the operative principle for brands is the same: Provide great content, and your audience will grow.

Reddit marketing KPIs worth considering

As with all metrics, you’ll want to develop KPIs with your own individual goals in mind.

But, to get you started, here are some ideas for KPIs you’ll want to consider.

1. Karma

Karma is one of Reddit’s more unique elements.

Your karma is determined largely by how many upvotes and downvotes your content receives.

The more upvotes you get, the higher your karma. The more downvotes, the lower your karma.

There are two types of karma:

  1. Link karma: Your karma for your link posts.
  2. Comment karma: Your karma for comments you post.

Why should you care?

Because if your employees are posting your content and getting a terrible karma score, it’s a sign of one of two (or potentially both) things:

  • Redditors don’t like the content you have to offer: The posts that you are choosing to publish on Reddit could, for example, have an advertising bent to them. That means they likely offer little value to the rest of the community.
  • Whoever is posting content isn’t engaging with the community: Perhaps this person is writing posts that people simply don’t like. This could be anything that fails to engage with the community. For an example, check out this comment from the creators of the video game Star Wars Battlefront II. It ended up being the most downvoted comment in Reddit history in large part because it was out of tune with the larger concerns of the people who cared about the game in the first place.

Tracking the karma score your posts and comments are receiving is a great way to measure how successfully you are engaging with the community you’re trying to reach.

2. AMAs participated in

Another feature largely endemic to Reddit is the AMA, otherwise known as an “ask me anything”.

These feature interesting people – famous and otherwise – taking over a subreddit for a period of time to answer questions from users.

It’s a key feature of building an audience on Reddit.

That means that, if your goal is to engage with the Reddit community, you’ll want to keep track of how much work you’ve done to host AMAs.

For example: Audi hosted a series of AMA sessions featuring celebrities such as Bill Gates and Jerry Seinfeld designed to use interaction to deepen brand engagement.

3. User followers

Tracking the number of followers your user page has isn’t available to everyone.

(Right now, because it’s still in beta, only about 1% of users have access to this feature).

But for those that do it’s an important means of measuring how many Reddit users are choosing to engage with your content.

Note: This is different from the number of subscribers on a particular subreddit.

Instead it measures the number of users who have chosen to subscribe to the posts you are creating on your personal profile.

4. Nano-influencers engaged

Nano-influencers, users who have between 100 and 1,000 followers, can play a major role in helping to build your following on Reddit.

That may not seem like much. But these seemingly insignificant users can have a big impact.

“If you find someone who knows the site well and has a track record of popular posts that align with your brand, don’t be afraid to reach out to them,” writes AdWeek.

And, once you have, be sure you track it as a KPI. That way you can determine how much progress you’re making in achieving success on Reddit.

5. Non-branded posts created

You can’t just show up on Reddit and start dropping your product-focused content all over the place.

You need to find ways to engage with and provide value to your audience outside of your narrow product offerings.

To measure how well you are doing in this area, you’ll want to develop a metric that shows your ability to connect with your potential customers outside of your own message.

The non-branded posts created metric can help you measure this.

6. Cost per thousand impressions (CPM) on Reddit ads

Reddit Ads, done right, can be a great way to expand your audience on Reddit.

But unlike other social media, Reddit ads are run solely on a cost per thousand impression (CPM) basis.

That’s why this metric could come in handy as a means of measuring your success with Reddit ads.

7. Promotions run

Well-crafted promotions are a great way to connect with a new audience on Reddit – as long as they don’t come off as too advertise-y.

(For the gold standard in Reddit discount promotions, check out this campaign advertising discount beef jerky. It was so successful at engaging the Reddit community that the employee who developed the idea was asked to do a Reddit AMA).

If you’re looking to offer real value to the Reddit community consider offering a discount (or other type) of promotion.

8. Comments received

Comments are the lifeblood of Reddit.

With other social channels you can be happy getting a few clicks and likes.

Not so on Reddit.

If your posts aren’t receiving any comments then you’ll want to know about it – so you can change your strategy accordingly.

For this metric it also wouldn’t hurt to track the number of comments to which you are responding.

That way you can be sure you’re not just posting information without engaging with the audience that wants to connect with you.

9. Traffic to your site from Reddit

Building an engaged following on Reddit is, of course, important.

But it likely doesn’t mean much if you’re not driving traffic to your website.

Using a tool like Google Analytics can help to determine how much all that Reddit engagement is translating into visits to your site.

It’s not just traffic from your posts, either.

Measuring clicks to your website from Reddit can also help to measure if you’re getting clicks from other users as well.

Conclusion

Reddit is a great opportunity for your organization to expand its reach and engagement using a largely untapped social media website.

But Reddit is also a unique community so you need to be smart about how you plan to use it.

Developing some KPIs that can truly help you measure success is a great place to start.

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