What is the most important metric I can use to gauge my community’s success? People ask me this question (or questions like it) all the time. The answer is never simple—and a good one requires access to their community priorities, tech stack, and available data points.
One thing that is simple and clear is this: there is no single, perfect, one-size-fits-all community KPI. Let’s talk about why—and how to determine the best ways for you to showcase the success and health of your community.
There are over 80 community platforms on the market today. In addition to those, there are even more Customer Relationship Management (CRM) solutions, email marketing solutions, event platforms, and customer support solutions. Needless to say, tech stacks differ widely.
Within each platform, various reporting options are available for you to view, pull, and analyze your community data. Most have their own dashboards, and a few even have proprietary “North Star” metrics (like Khoros’s Community Health Index). Others let you pull only some raw data into a CSV file for further analysis. Some, like Facebook Groups, give you very little to work with at all.
Because the data points are not the same, your KPIs will need to be customized to what you can access.
KPIs are created differently from organization to organization. This makes it difficult to name one KPI “the best” and call it a day.
Some companies have top-down goal-setting while others take a more democratic or holacratic approach. Some have top-level KPIs but don’t create KPIs at the department level. Some have department-level KPIs that ladder up into the top-level KPIs. And within some companies, departments may even differ in their approach to KPI creation. It’s a wild world out there!
This means that even if someone could give you “the perfect community KPI,” it is unlikely to translate from one company to the next. You have to customize your approach to the way that your organization works.
Your goal should be to create your organization’s most effective community KPI (exactly what my team and I do when we consult organizations), not one universal KPI to apply across all contexts.
Finally, communities themselves serve a variety of business goals. Above all else, this is why there is no perfect community KPI.
Every organization should have unique, clearly defined goals for its community. Some organizations’ communities have one overarching goal, and others have department-specific goals. While every organization’s goals will look different, communities typically impact one or more of these seven goals:
Your KPIs should tell you how you are progressing toward the goals that matter to your organization.
For instance, some organizations will care greatly about how their community impacts revenue generation. Others will care about how their community impacts recruitment of staff members, cost savings, idea generation, and far beyond.
Using tailored KPIs to tell your community’s story and how it’s driving one or more of these outcomes will help you connect to your executive-level leaders, some of whom may struggle to understand the value of community. Creating your organization’s KPIs bridges the day-to-day work of community building to its big-picture impact for your company leaders. Customizing your KPIs is therefore an exciting opportunity to educate the entire organization about the value of community.
Like your community story, the most effective KPIs for telling your community’s story will be unique to your organization.
Here’s what you can do to begin to define your KPIs:
There is no perfect KPI, but that’s good news for you. At the end of the day, that means there are no right and wrong answers. This takes some of the pressure off of you. Take what you can from learning from peers and industry experts, then customize away.