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Free Open-Access Tool & Template

Email Campaign KPI & Attribution Guide

Formulas, benchmarks, and attribution frameworks to measure true business impact beyond open rates.

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Intended Audience:

Marketing Directors, RevOps Leads, and Founders

When to Use:

Monthly to evaluate campaign ROI and subscriber lifecycle velocity.

Prerequisites:

Google Analytics 4 / CRM tracking and ESP delivery reporting

Format & Access:

Open Markdown / Direct Copy (No form gating)

Actionable Resource ContentLast Reviewed: September 2026
## Essential Lifecycle KPI Formulas ### 1. Click-to-Open Rate (CTOR) - **Formula:** (Unique Clicks / Unique Opens) * 100 - **Purpose:** Measures content relevance and offer resonance without Apple MPP distortion. ### 2. Qualified Inquiry Rate (QIR) - **Formula:** (Sales-Accepted Inquiries / Total Campaign Recipients) * 100 - **Purpose:** Evaluates whether campaigns attract genuine buyers or vanity signups. ### 3. List Churn Rate - **Formula:** (Unsubscribes + Hard Bounces + Spam Complaints) / Total List Size * 100 - **Benchmark:** Keep monthly list churn under 1.5% to maintain database health. ### 4. Revenue Per Subscriber (RPS) - **Formula:** Total Attributed Revenue / Active List Size - **Purpose:** Tracks long-term commercial database expansion.