Simply having a social media account is not enough to grow your business. Just like everyone else, you probably want to get more followers, more likes, more retweets, more click-through, etc. But are all of these things going to help you boost your business?
In this jungle of social media metrics, it could be confusing for you to choose which metrics are actually important for your company. But don’t look at this in a bad way. You have a lot of data in your hands, so use this data in order to understand your audience.
Luckily there is a solution. Take a look at these four metrics that will help you achieve growth.
Engagement: Do people actually like your content?
How many times did someone take action on your posts? Sharing, clicks, comments, reactions – all of these things matter.
These actions validate your content and they will show you if your posts are important to your target audience. If you keep tracking these metrics, they will help you plan your content strategy and see what kind of post you should create, but also which post you should avoid.
The simple step is to use average engagement rate that will take your metrics a step further. It will show you a true value of your content and how it impacts your followers. You can also identify optimal time for engagement. Knowing when your audience is most active will raise your engagement, so keep tracking and post when they are online.
Never underestimate your competitors because you can learn from them. See what kind of content works for them by tracking their engagement rates.
Mentions: Does anybody talk about your brand?
All mentions are important, whether they are written in a positive or negative manner. Your goal is to promote actual online conversations and discussions, but try to give your best to induce positive reactions.
For starter, you should become a part of that conversation and show people you care about their opinion. But when it comes to monitoring mentions, you should use these metrics in order to find out how many people are talking about your brand and more importantly – who is talking. A simple step that can inspire you to boost your mentions is to take a glance at your competitors’ mentions. Don’t steal their idea, just let yourself be creative. People will value your uniqueness.
Nevertheless, if you are having a trouble with social mention monitoring, you can always hire a professional to do the job for you.
Conversion: Do you have enough traffic to your website?
How many people took an extra step and visited your site via your social media page?
Tracking a total number of conversions will show you if your social media strategy achieves its purpose. To convert, you need to engage people by giving them a strong call-to-action. You can use analytic tools such as Google’s URL builder and collect all important data about the specific link. This will help you realize what kind of social media content is attracting the greatest amount of traffic to your page.
So, track the number of conversions that happened within a month or a week and match the data with particular content. These valuable metrics will tell you how fast your business is growing. So, if your conversion numbers aren’t where you want them to be, you can do something about that immediately. Start looking for new trends and change something in order to improve your strategy.
Sentiments: Do people like your products?
You can actually get into the mind of your customers while you are online. With a little help of sentiment and emotional analysis, you can track online conversation from all social networks and see how people feel about your products.
You would probably love to see just positive comments, but tracking negative ones will help you improve your business. A sudden spike in negative sentiment will show you what you should change. Moreover, you will be able to resolve this problem and calm people down. Maybe your brand is well-liked, but there is always a room for improvement.
These metrics bring as to a whole new level of marketing. Sentiments and emotional analysis will help you create a positive social media presence your business needs.
Track What Matters
Everyone obsesses over how many followers they have. Yes, it’s nice to have a large number of followers, but that doesn’t matter as much as you may think. What you want is for people to become familiar with your brand and your message. You want them to go to your website and buy your products. So, use these metrics in order to get to know your audience and grow your business.
Guest author, David Webb, is a Sydney-based business consultant,online marketing analyst and a writer. With six years of experience and a degree in business management, he continuously informs the public about the latest trends in the industry. He is a regular author at BizzmarkBlog. You can reach him on Twitter or Facebook.