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KPIs like user engagement and advertiser traffic increases can indicate the success of a strategic partnership in several ways. Firstly, an increase in user engagement suggests that the partnership is adding value to the users, making them more active on the platform. This could be due to improved content, features, or services resulting from the partnership. Secondly, an increase in advertiser traffic indicates that more advertisers are interested in the platform, possibly due to a larger or more engaged user base, or improved advertising opportunities. This could lead to increased ad revenues, benefiting both partners. However, it's important to balance these KPIs. If user engagement decreases while advertiser traffic increases, it could negatively impact the user experience, which could be detrimental in the long run.
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Last, measure your progress and develop evaluation measures. For instance, you might pick the KPIs of user engagement on the platform and advertiser traffic increases to determine if the integration is mutually rewarding to advertisers and creators. If ad traffic increases and ad revenues go up, that would be a good sign for both partners. But if engagement goes down and overall traffic decreases, that could be bad for your platform's user experience even if the rise in advertisers benefits your partner. (Slide 3)
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How do you select the right partners and pool the best resources? Mutually beneficial relationships with another organization can elevate growth, inno...
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