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I am going to define a way for you to think about measuring socialmedia, and you can't actually easily measure what I am going to recommend. Socialmedia is evolving at an incredible pace. We have IT-minded people engaging in massive data puking (one report with 30 metrics anyone?) Conversation Rate.
In a world of infinite choice, the ability to pick critical few metrics to focus on is, well…, critical. In this post I want to share that one-page list of the bestmetrics for digital content, marketing and business success with you. Your primary rented channels, at the moment, are your social existences.
We'll start with digital at the highest strategic level, which leads us into content marketing, from there it is a quick hop over to the challenge of metrics and silos, followed by a recommendation to optimize for the global maxima, and we end with the last two visuals that cover social investment and social content strategy.
I believe that every human with time to spare, and a connection to the web, should be on socialmedia. Do the big gigantic numbers imply that your business should use these socialmedia channels? The assumption is: Big Social Audiences + Big Pimping = Big Social Profits. Success Metrics. Big mistake.
I would have never bumped into my Prudential commercial in any place other than YT because of how I consume media.] Some use the display advertising options on YouTube, but are not sure what value those ads deliver (and how to think of them in context of web display ads or even TV). It is a social network (like Facebook).
A Facebook employee (FBe) gave a talk about measuring ROI/Value of Facebook campaigns. FBe's recommendation was (paraphrasing a 35 min talk): Don't invent new metrics, use online versions of Reach and GRPs to measure success. But first let's punch up the value you'll get from this post. Newspapers!
For example, they don't account for a smart company's ability to form relationships at scale via mobile, social platforms with past, current, and, most importantly, future customers. Or perhaps you want to sign up for their blog, or follow them on socialmedia or… any of a bunch of other things.
Here's the post: Strategic & Tactical Dashboards: Best Practices, Examples. Each shows a unique facet of digital performance, and I've attempted to choose the best dimensions and, for those dimensions, the best possible metrics. This is an easy module to create in Google Analytics (or any other tool).
It is time to point out an ugly truth, and to be the brave person that you are, the intelligent rational assessor of reality that you are, and kill all the organic socialmedia activity by your company. Win Big: Stop Posting Content for Organic Reach On Social Channels. + None of the above transpired on Social platforms.
For brands that are a bit more advanced, an owned existence is increasingly a conversation- or solution-centric mobile website and mobile application. On your "rent" existence, are you shouting or adding value to the audience's life ? You may be posting, but you are certainly not adding value to your business.
" ~ Excellent Analytics Tips Series: "What is the best possible advice advice you can give me?" " ~ Web Metrics: "What is a KPI? " + Standard Metrics Revisited Series. What's the best out there? Six Tips For Improving High Bounce / Low Conversion Web Pages. 7 Best Practices.
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