Turning Likes into Gold: Measuring Your Social Success
Turning Likes into Gold: Measuring
Your Social Success
A Distributor Channel Marketing Moment
By Desiree Grace
You know you need it-
a social media strategy. Whether it’s LinkedIn, Facebook, Instagram, or even a
Substack newsletter, if you aren’t on social media, you simply don’t exist.
The age-old marketing conundrum, however, is how to measure what’s working in
this newer world.
In traditional
advertising, you paid for a television ad, you monitored the Nielsen ratings,
and you knew how many households were exposed to your message (reach) and how often
(frequency). It’s a bit different with social media.
First, you have
media you own. This is the most similar to ye olde TV ad. Your company’s
Facebook page or LinkedIn account- that’s owned. You control what goes in, and
you can measure how many people visit, how long they stay (how “sticky” your
page is), and even completion rates, like whether they finished that “about us”
video.
The good news is that
you can measure and monitor even more consumer behavior. You can track likes
and shares—that’s earned media. If someone gives your video a thumbs-up,
likes it, or subscribes, those are trackable positive interactions. You have
earned some powerful validation. The other good news? It happens in real time.
Instead of waiting for a Nielsen report, you get instant feedback. Best case,
your post goes viral, spreading organically in a positively contagious way. All
of these interactions, or mentions, are earned, not paid. Also, since you don’t
own them, you have less control.
High engagement
rates like these signals tell you your content resonates. Let’s talk more about
how to measure earned media.
You can also measure
reach and impressions. Reach is the number of unique people who have seen your
content. Impressions reflect the total number of times it’s been displayed.
These metrics show visibility and exposure for your campaigns.
Then there’s
sentiment analysis, sometimes called search listening. This
sophisticated tool lets you gauge the tone, tenor, and overall sentiment of
comments and interactions. It’s a powerful way to quickly measure whether
you’re hitting the mark or need a course-correction.
How do you stack up
against your competition? That’s where share of voice comes in. It
measures your visibility and influence in comparison to your industry peers. A higher voice means you have greater
visibility and influence. Small brands can outperform much larger ones by owning their space and
punching above their weight.
The conversion rate
is where the rubber meets the road. If a social media interaction converts into
a desirable action, like signing up for your company’s newsletter or attending
a virtual training, that signals your campaigns are effectively driving
outcomes.
We all want to know
if we’re growing. Audience growth measures the increase in your
following over time and signals whether you’re successfully retaining and
adding new fans.
So you’ve gotten all
these exposures. Now what? Measure earned media value. This converts
those organic mentions into a dollar amount, putting a price tag on your earned
media. It’s pure gold when you need to justify your budget to finance.
And finally, my
favorite: return on investment (ROI). Here, you measure the revenue
generated from your campaigns relative to their cost. That lets you appreciate
their true financial impact. It’s a powerful metric to win over even the most
skeptical finance department.
Measuring your
social media metrics lets you track performance, make data-informed decisions,
and fine-tune campaigns quickly and efficiently. As management guru Peter
Drucker said, “If you can’t measure it, you can’t improve it.” With social
media marketing, you can do both.
At River Heights
Consulting, we know marketing isn’t a guessing game — it’s a powerful tool when
you get it right. With Desiree Grace’s marketing genius guiding strategy, she
and her team will make sure all the details come together. We’re here to help
you rise above the competition, connect with your customers, and grow
your business. Whether you need help developing a social media strategy,
measuring what matters, or making sure your message resonates, River Heights
Consulting has you covered.
Desiree Grace is a
sales and marketing leader who believes that creativity and data go hand
in
hand. With years of industry experience, Desiree has a keen ability to cut
through the noise and find what matters most, whether it's growing a brand's
reach, measuring return on investment, or turning social media engagement into
real-world results. She’s passionate about helping businesses use insightful
metrics to drive smarter decisions and achieve their goals.
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