Knowing the effectiveness of your social media marketing efforts involves more than just counting your Facebook business page “likes” and Twitter followers.

Superficial “vanity metrics” rarely provide an accurate window into how well your strategy is working.

What really matters is how well your content is:

● Attracting and keeping the interest of readers, viewers or listeners.

● Getting shared.

● Generating leads.

● Making sales.

And that requires paying attention to metrics that shed light on whether your social media marketing tactics are helping you reach your business goals.

First things first — establish goals.

Metrics are only meaningful when they relate to clear goals. How else can you say your efforts are succeeding or failing?

In his book, “500 Social Media Marketing Tips,” social media consultant Andrew Macarthy recommends setting SMART goals.

Specific

Do you want to:

• Increase brand awareness? By how much?

• Gain more subscribers to your e-newsletter? How many more?

• Increase sales revenue from your website’s online store? By what percentage?

Measurable

Which analytics tools do you intend to use to measure how close your marketing activities are getting you to those goals? Are they capable of giving you meaningful data?

Achievable

Be realistic when setting your goals. A little stretch can motivate you and your team, but if you set the bar too high, you could end up feeling defeated and uninspired.

Relevant

Your social media marketing goals will serve your business best when they align with your company’s overall goals and vision.

Time-specific

In what amount of time do you aim to achieve your goals? For example, increase Facebook page reach by 10% in three months; get 20 new email subscribers each month until the end of the year; or increase online sales by 12% in six months.

Examples of marketing metrics of interest As you tap into the various tools that can give you insights into your performance on social media platforms, some of the many metrics that might help you assess the success of your efforts include:

● Mentions and tags of your brand online (How to discover this will vary from one platform to the next.)

● Click-throughs on your links

● Engagement with your content (Comments, shares, etc.)

● Conversions on paid ads

● Clicks on call to action buttons (such as “learn more,” “buy now,” etc.)

Social media analytics tools

Besides Google Analytics and the insights tools within the individual social media platforms, there are resources that provide metrics for multiple platforms in one place. A few you might want to explore are:

● Hootsuite

● Buffer

● Buzzsumo

● Klout

Where to turn for more marketing expertise

For guidance as you craft and execute your social media marketing, contact SCORE to talk with a mentor. Their experience in all areas of starting and running a business can benefit you every step of the way on your entrepreneurial journey.

Provided by SCORE Northeast Indiana. SCORE is a nonprofit association of more than 10,000 business experts who volunteer as mentors. SCORE offers free mentoring and low-cost workshops nationwide. Call SCORE Northeast Indiana’s office at 260-422-2601 or visit northeastIndiana.score.org for a “free” counseling session. SCORE Northeast Indiana’s “Ask SCORE” column appears monthly in Business Weekly.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.