The Importance of Goals and Metrics in Social Media Marketing

Internet marketers already familiar with search engine optimization and pay per click marketing know the importance of analytics, metrics, key performance indicators, and so on.  Analytics can (and should) play an important role in your social media marketing strategy.  If you’re not setting goals, tracking metrics, and analyzing performance, how can you tell if you’re succeeding?

 Setting Social Media Goals

I find it useful to break down social media goals into discrete components.  First, identify your bottom line goal, whether that is sales, cost savings, brand awareness, or some other goal.

Then, work backwards from your end goal to identify intermediate steps to achieving that goal, such as increasing web site traffic, newsletter sign ups, quote requests, or qualified leads.  Repeat as many steps as you find logical or necessary.  The step preceding increased traffic, sign ups, and leads could be achieving a certain level of social media engagement: views, posts, feedback, RTs, mentions, replies, and so on.

From Goals to Metrics

Once you’ve established your goals, you can identify corresponding metrics to track.  In the scenario explored above, your goal / metric pairings could look something like this:

Social Media Presence:  Number of Facebook “Likes”, Twitter Followers, LinkedIn group members, etc.

Social Media Engagement: Number of views, feedback, comments, posts, RTs, @ mentions, @ replies

Qualified Leads: Number of new leads from social media and web channels

Sales / Revenue: Dollar increase in sales, revenue, and profit

Analytics Tools for Social Media

While there are all sorts of tools for tracking your social media accounts, it can be difficult to get an overall picture of the effectiveness of your social media strategy without combining information from multiple tools and sources.  Remember, although your bottom line goal may be sales, revenue, or profit, there are many milestones along the path to that goal.

Following are some tools to help you track progress and trends as part of your social media strategy.

Klout

Klout is one of the top tools for measuring social media influence.  With the recent addition of analyzing Facebook as well as Twitter data, Klout lets you look at a variety of data about your social network presence in one spot, including trend data.  The free version allows you to refresh your information every six days.

Twitalyzer

A Twitter-specific tool, Twitalyzer analyzes your Twitter presence and network to present you with a wealth of information, including your impact, engagement, influence, retweet and mention ratios, and much more.  Twitalyzer also provides trend data, and comparisons and contexts, so you can see how you fit in in the Twitterverse.

Facebook Insights

Insights is Facebook’s basic analytics tool that accompanies pages.  Data includes information on monthly active users, activity, media consumption, and interaction.

Google URL Builder and Analytics

Hopefully, your website already has Google Analytics on it.  Analytics lets you track where your web visitors are coming from, how long they are staying on your site, and what they’re looking at.  Combining Analytics with the URL Builder tool (link: http://www.google.com/support/analytics/bin/answer.py?answer=55578&hl=en) and referrer data, you can determine how many visitors to your site are coming from Twitter, Facebook, LinkedIn, and other social networks.  See how long these visitors stay on your site vs. other sources and how well they convert.

Constantly Monitor and Adapt Your Social Media Strategy

Social media is not a “set it and forget it” platform.  Your user base, their habits, and their preferences are constantly changing.  What works for you today may not work tomorrow.  That’s why you need to continuously monitor your social media profiles and the traffic they refer to your website.  If your current strategy isn’t effective or stops being effective, then it’s time to try new techniques.

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Jason Mikula works as a freelance search engine marketing and social media marketing consultant.  Jason has experience working with pay per click, search engine optimization, and email and web marketing.

Posted by admin in Bing, Customer Conversions, Facebook, Google AdWords, Internet Marketing, Pay Per Click, Search Engine Marketing, Twitter, keyword research, social media on October 28,2010

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A Recent PPC Summit Survey Reveals What Advertisers Need to Focus on To Improve Their Search Marketing Results

As search engine marketing evolves at light speed pace, new opportunities are constantly arising–making Search Engine Marketing (SEM) that much more challenging and harder for marketers to keep up with. PPC Summit recently surveyed 3500 past PPC Summit attendees who provided valuable insight on the top areas where Search Engine Marketers feel they need more education. 

According to survey respondents, the topics that Search Marketers want to learn more about to improve their ROI are:

  • Pay Per Click (PPC) Campaign Optimization
  • Integrating Paid Search, Organic and Social Media Marketing (SMM)
  • Search Engine Optimization (SEO)

While Search Marketing and Search Engine Optimization remain strong revenue drivers for online marketers, Social Media is rapidly moving up in importance. With social media sites like Facebook (500+ million users), LinkedIn (70+ million users), Twitter (106+ million users) and YouTube (300 million accounts) all securing their justifiable placement in the marketing mix, SEM specialists have to be on top of their game in order to keep up.

ISSUE #1 – Pay Per Click Campaign Optimization: The goal in pay per click marketing is to write compelling ad copy that directs prospects to your site or landing page and then entices them to sign up or buy your product/service. Easier said than done, right?

According to the Survey Results, 82.5% of SEM respondents feel they need to focus more on PPC Campaign Strategies by:
 

  • Improving their Quality Score. One way to improve your Quality Score–and pay less per click– is by properly using header tags (more here).
  • Utilizing Website Optimizer & Google Analytics: Paying more attention to your analytics and constantly analyzing your cost-per-customer can really help your results.
  • Fine-tuning Google AdWords PPC strategies: Save time and optimize your AdWords campaigns with the AdWords Interface.

ISSUE #2 – Social Media and Search Marketing Merge: Your customers are on Twitter, Facebook, LinkedIn, YouTube, and more. Incorporating these social media sites into your marketing mix is a must in today’s SEM world. Use Social Media Marketing to complement your paid search and organic marketing strategy and reach a broader audience.

More than two-thirds of Survey Respondents ranked “Integrating Social Media with Search Marketing” in their top three priorities. Here are some quick tips: 

  • Incorporate Keywords. Use keywords in your account names and all SMM communications ie. SEO blog postings, Tweets, Facebook updates, etc
  • Develop Quality Content. This is critical in attracting quality prospects through the Social Media Channel.
  • Social Media Time Management. Streamline your communications with automation tools.

ISSUE #3 – Search Engine Optimization: We have heard from attendees–countless times–how they invested so much time and money on creating a fabulous SEO campaign, but in the end conversions were low due to poorly structured websites or landing pages.

Up to 82% of the SEMs polled told us they need help with their SEO campaigns. You can start by: 

  • Creating Appropriate Site Architecture. Customers should be able to find what they are looking for on your site in a click or two. If it’s more than three clicks, then you should re-think your site structure and messaging.
  • Using Tools Many SEO Experts Use. Utilize the industry leading tools like:

You can learn more about these challenges and how to solve them at the upcoming
PPC Summit Presents: Search & Social Media Successconference. We built a brand new three-track curriculum based on the results from this attendee survey. On Sept. 21-22 Marketing Professionals will gather in Los Angeles to hear from an impressive line up of experts in SEM/SEO/SMM who will share their top strategies to increase search and social media marketing ROI.

We look forward to seeing you in September!

Kelly Larsen
Director of Marketing, PPC Summit

Posted by admin in Customer Conversions, Facebook, Google AdWords, Internet Marketing, Landing Page Optimization, Paid Search, Pay Per Click, Search Engine Marketing, Search Engine Optimization, keyword research, social media on August 11,2010

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