Business Growth

Beyond Likes and Followers: The Metrics That Actually Matter for Local Businesses

Onlure TeamJanuary 23, 20256 min read

Let's be honest: vanity metrics don't pay rent.

You can have 50K Instagram followers, 100K post impressions, and a "viral" TikTok that got 2 million views—but if those numbers don't translate to real customers, your business is in trouble.

Small businesses don't have the luxury of chasing clout. Every marketing dollar must work. So let's cut through the noise and focus on the 3 metrics that actually matter—and how to track them with Onlure.

The Vanity Metrics Trap

Here's what most marketing platforms want you to care about:

  • Likes: Someone double-tapped your post while scrolling. They might not even remember seeing it.
  • Impressions: Your content appeared on a screen. Doesn't mean anyone read it, watched it, or cared.
  • Reach: The number of unique accounts that saw your post. Again, seeing ≠ caring.
  • Followers: Bots, inactive accounts, and people who followed for a giveaway 3 years ago all count.
  • These metrics feel good—who doesn't love seeing "100K impressions!"—but they're leading indicators at best. They don't tell you if your marketing actually worked.

    Ask yourself:

  • Can you pay your rent with likes?
  • Can you stock inventory with impressions?
  • Can you hire staff with followers?
  • No. You need revenue. And revenue comes from customers.

    The Only 3 Metrics That Matter

    If you're a small business—cafe, boutique, salon, gym, restaurant—here are the metrics you should obsess over:

    1. Redemptions (Conversions)

    Definition: How many people took the action you wanted (visited your store, made a purchase, booked an appointment).

    Why it matters: Redemptions = revenue. A customer who redeems an offer is a real person who walked through your door or bought your product.

    How to track it:

  • Onlure shows exact redemption counts per Drop
  • You see which creators drove which redemptions
  • Real-time dashboard updates as customers redeem
  • Example: A Kensington Market vintage shop ran a Drop: "20% off your first purchase."

  • 47 redemptions in 2 weeks
  • Average purchase: $65
  • Total revenue from campaign: $3,055
  • That's a metric you can take to the bank.

    2. Customer Acquisition Cost (CAC)

    Definition: How much you spent to acquire each new customer.

    Formula: ``` CAC = Total Marketing Spend ÷ New Customers Acquired ```

    Why it matters: If it costs you $50 to acquire a customer who spends $30, you're losing money. You need CAC to be lower than your average customer lifetime value (LTV).

    How to track it with Onlure:

    Let's say you buy 100 coins for $50 (Onlure's coin economy).

  • You create a Drop with a 50-coin budget
  • 25 people redeem it
  • Your CAC = $50 ÷ 25 = $2 per customer
  • Compare that to:

  • Instagram ads: $15-40 per customer
  • Google Ads: $30-60 per customer
  • Traditional flyers: $5-10 per customer (with no attribution)
  • Onlure's CAC is 5-10× cheaper because you only pay for results (redemptions), not impressions or clicks.

    3. Repeat Rate (Customer Retention)

    Definition: What percentage of first-time customers come back for a second visit?

    Why it matters: Acquiring a customer is expensive. Keeping them is cheap. A customer who returns 5× is worth 5× more than a one-time visitor.

    How to track it:

  • Onlure tracks wallets: consumers earn coins when they redeem
  • You can see if someone redeems multiple Drops at your business
  • Premium analytics (coming soon) will show repeat rate per creator: "Creator A's referrals have a 40% repeat rate vs. Creator B's 15%"
  • Example: A Yorkville wellness studio found that customers referred by a local fitness creator had a 35% repeat rate, while customers from Instagram ads had a 12% repeat rate.

    Lesson: Quality of traffic matters more than quantity. Micro-creators with engaged audiences drive better long-term customers.

    Free Tier vs. Premium Analytics

    Onlure offers two levels of tracking:

    Free Tier (Basic Analytics)

  • Total redemptions per Drop
  • Creator attribution (who drove which redemptions)
  • Coin balance and ledger
  • Basic dashboard (real-time updates)
  • Good for: Businesses just getting started, testing creator marketing for the first time.

    Premium Tier ($49/month - Full Insights)

  • All Free features, plus:
  • Repeat rate per creator: See which creators drive loyal customers
  • Demographics: Age, location, and interests of redeemers (aggregated, privacy-safe)
  • Conversion funnel: How many people viewed the Drop vs. redeemed it
  • Social metrics: Integrates with Instagram/TikTok APIs to show impressions, saves, shares alongside redemptions
  • Revenue tracking: Connect redemptions to actual sales (POS integration)
  • Trend analysis: Weekly/monthly reports on campaign performance
  • Good for: Businesses running multiple Drops, optimizing creator partnerships, scaling campaigns.

    How to Calculate True ROI

    Here's the math every small business should do:

    Step 1: Track your costs

  • Coins spent on Drop budget: $50
  • Time spent creating campaign: 1 hour ($25 if you value your time at $25/hr)
  • Total cost: $75
  • Step 2: Track your revenue

  • Redemptions: 30 customers
  • Average purchase: $40
  • Gross revenue: $1,200
  • Step 3: Calculate profit

  • Gross revenue: $1,200
  • Minus cost of goods (50% margin): -$600
  • Minus marketing cost: -$75
  • Net profit: $525
  • Step 4: Calculate ROI ``` ROI = (Net Profit ÷ Total Cost) × 100 ROI = ($525 ÷ $75) × 100 = 700% ```

    That's a 7× return. Show me an Instagram ad campaign that delivers that.

    Real Toronto Success Stories

    Queen West Cafe: 40% Foot Traffic Increase

  • Campaign: "Buy one coffee, get one free"
  • Cost: 50 coins ($25)
  • Redemptions: 34
  • New customers: 28
  • Repeat customers (within 30 days): 11 (39%)
  • CAC: $0.89 per customer
  • Kensington Market Vintage Shop: 200+ New Customers

  • Campaign: "20% off first purchase"
  • Cost: 100 coins ($50)
  • Redemptions: 47
  • Average purchase: $65
  • Revenue: $3,055
  • ROI: 6,110%
  • Yorkville Wellness Studio: Classes Fully Booked

  • Campaign: "Free first class + 10% off membership"
  • Cost: 75 coins ($37.50)
  • Redemptions: 22
  • Conversions to paid membership: 9 (41%)
  • Monthly membership value: $120
  • Lifetime value of conversions: $10,800+
  • Stop Chasing Vanity Metrics. Start Tracking Revenue.

    If you take one thing away from this article, let it be this:

    Likes don't matter. Followers don't matter. Impressions don't matter.

    Customers matter. Revenue matters. ROI matters.

    Onlure gives you the tools to track what actually moves your business forward. No more guessing if your marketing is working. No more "brand awareness" excuses.

    Just cold, hard data—and the profits to show for it.

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    *Want help calculating your marketing ROI? Email us at support@onlure.ca*

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