Posted by Nate Elliott on November 2, 2009
Marketers don't think they're very good at measuring social media.
When my colleague Emily Riley asked marketers to
rate their ability to measure the impact of their social media
initiatives, the average grade they gave themselves was 4.5 out of 10.
Not a great score -- especially given that accountability is one of the
key selling points of interactive marketing. So I've spent a lot of
time this year trying to understand why marketers aren't good at
measuring social media -- and how they can do better.
The fact is, social media marketers are drowning in a sea of
metrics. Every social platform and vendor offers its own metrics, and
there are literally hundreds of ways to measure the success of social
initiatives. With so many numbers to choose from, and so little insight
into which metrics are important, it's not surprising that marketers
Most marketers fixate on easily-available measures like followers or
fans -- regardless of whether those metrics are important. Many others
fail to measure obviously useful numbers just because they're not on the first page of a report. A marketer focused on talking [video] should have a radically different definition of success than one focused on embracing
[video]. But marketers are much more likely to tailor their social
media measurement to the tools they're using than to the objectives
they're trying to achieve. Have a look -- most marketers measure pretty
much the same metrics, no matter what their objective:
obvious that marketers need more clarity into which social media
metrics they should be tracking. So we've developed a simple three-step
process to help marketers better tailor their measurement strategies to
the objectives they're pursuing. Walking through these three steps will
help you cut through the clutter on your marketing reports and measure
your social media initiatives more effectively:
- Step 1: Think back to your marketing objective. Go back and
find your notes from when you were first planning your social marketing
effort -- and remind yourself of the objective you were pursuing. If
you don't know what your goal was, you'll never know what you should be
measuring, or if you succeeded.
- Step 2: Consider what types of metrics signal success. Don't think about specific lines on a report yet -- instead, think
about what types of consumer behaviors and sentiments match your
objectives, and focus your measurement on those categories of metrics.
If your goal was energizing, success is defined as lots of people
saying positive things about your brand; if your goal was supporting,
you want to know if users were providing good advice to each other --
and whether it kept users from having to ask you for support directly. Again, this isn't about specific metrics, it's about how
you hoped your social initiative would change your relationship with
- Step 3: Look for that category of metric in the social technology you're using.
Once you've identified the type of metric that will signal success,
then you can look for ways to track those metrics within the social
platform you're using. This is when you should get into the specifics
of which lines on the report Facebook or Jive gives you are most
important -- and which other vendors you need to use to find the exact
numbers you're looking for.
In my new report, 'Three Steps To Measuring Social Media Marketing,'
I offer a framework that helps marketers place social
media metrics into one of six categories, shows them which categories of
metrics should be used to measure which objectives, and gives examples
of how to obtain those metrics from each social platform. I hope
clients use my framework; I think it will make their lives easier and
their measurement more successful.
But the key message of that report (and this blog post) isn't the
framework, it's this call to action: We as an industry must do better
at measuring social media marketing. Social media budgets keep rising,
but that trend won't continue forever if we can't prove that social
initiatives are effective. Perhaps more important, if we don't know
which social applications succeeded and which didn't, we can't learn
from our experiences and improve on future efforts. And it's
surprisingly easy to measure social media effectively: we just need to
focus on measuring objectives rather than technologies.
Whether you use the detailed framework in my report, or simply keep
these three steps in mind as you design your own measurement strategy,
I hope these ideas help you sift through all the social media metrics
that are available, and find the right ones to measure your efforts.
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