Six Social Media Metrics You Should Be Tracking
When thinking about your social media strategy, you should be planning for six important metrics. What are the six? There are three different levels of social media participation and two different types of metrics. Put them in a 3 x 2 metrics, and you get six.
Here’s the rundown on the three social media engagement aspects to measure:
- Activity – Any metrics relating to actions your organization is taking on social media: blogging, tweeting, posting, promoting, etc.
- Interaction – This category’s metrics focus on how your audience is engaging with your social media presence: followers, comments, likes, sharing, user created content, etc.
- Returns – This group accounts for where your social media activities directly or indirectly support measures driving successful organizations: revenue creation (and the activities that lead up to it), cost minimization (along with activities to help achieve it), and other critical financial performance metrics.
Relative to the two different types of metrics, use the “whole-brain metrics” strategy we’ve recommended before: capture both quantitative (left brain) and qualitative (right brain) measures.Using this metrics strategy accounts for both the “hard” numbers and softer perspectives (stories, images, buzz-related feedback) to provide the most complete evaluative picture of your social media strategy.
There’s a clear advantage to considering the metrics strategy when devising your overall social media strategy. The earlier you think through what you should be tracking in these six categories, the better you’ll be able to shape your innovative social media strategy to be ROI-oriented.
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Mike Brown is an award-winning innovator in strategy, communications, and experience marketing. He authors the BrainzoomingTM blog, and serves as the company’s chief Catalyst. He wrote the ebook “Taking the NO Out of InNOvation” and is a frequent keynote presenter.
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Nice blog post, Mike! We have found that when people want to measure things numerically, we suggest looking at things like # of repeat visits / users, increasing average time on site, etc. But we also encourage our clients to look at more action oriented / behavioral results. It is not about quantity as much as it is about quality of comments, actions, etc. In the case of social business, the inverse funnel applies best for building a great experience end to end.