Need help defining meaningful KPIs for Klaviyo (Email Marketing) in an organic setup
I recently started my first marketing internship after some personal setbacks and was tasked with building a KPI system that should eventually be automated and actually reflect performance in a meaningful way.
One of our main channels is email marketing via Klaviyo.
Current KPIs (campaign-focused only):
• Open Rate
• Click Rate
• Revenue per Campaign
I’m not sure how to improve or expand this setup to better reflect actual business impact.
Business goals are:
• grow the community
• increase brand awareness/reach
• improve stability
• increase repeat purchases
Email marketing contributes roughly ~30% of total revenue (mid 5-figure range), combining attributed and non-attributed revenue. Of the attributed revenue, ~30% comes from campaigns and ~70% from flows.
My main challenges:
1. I’m not sure how accurate Klaviyo’s revenue attribution actually is, especially for flows and non-campaign touchpoints.
2. I’m considering adding newsletter sign-ups as a KPI since it directly ties to community growth, but I’m struggling to properly track and interpret it within Klaviyo.
3. I’ve seen people mention Email Revenue Share, but I’m not entirely sure how to define or use it in practice.
Questions:
• Which KPIs would you prioritize for a clean but meaningful Klaviyo dashboard?
• How would you incorporate flows properly into performance measurement?
• What’s the best way to track and use newsletter sign-ups as a KPI?
• How do you evaluate the true revenue contribution of email marketing?