It's a question we are asked very, very frequently. In fact, its the one question every client or potential client of ours asks. Just what is the return on investment (ROI) from my business social media activity?
This is actually a very difficult question to answer because to be honest, there is no easy answer. Are you looking to generate more business from your social media activity? If so, its probably quite simple to measure business generated from leads or enquiries coming from social media. Of course, these leads would need to be *extra* business generated over and above your normal lead-generating activity.
Are you looking for increased visibility for your business or organisation? This is easy to measure,in terms of straight hits on your social media channels, but what does hits or the number of followers really tell you, other that you've about three million less followers than Justin Bieber on Twitter? You really should be looking for quality, not quantity. Are your followers and facebook likes from your business market or potential customers, and do you engage in conversation with them or just broadcast your own activity? After all, we are now in the age of web 3.0 and this is the creative collaborative web. Any successful social media activity must involve some degree of dialogue. If you look at some of the large business using social media, the successful ones are the ones who use it to have conversations with their followers. Social media is a community where you have to interact with people, talk to people, deal with complaints, answer questions and engage in discussion.
And if you want to position yourself as an expert in your field, the number of questions you answer on sites like Quora and Google+ will also be important.
Its not the raw data or metrics or stats which are important, its how these are analysed and interpreted. This is where you will find your true ROI, and this where an expert social media consultancy will be worth it's weight in gold. We can show you just what your bucks are generating, and because we live breathe and work social media, we know just where you'd be best to focus your activity if you want a demonstrable return on your Rands.
ROI - its not just followers and likes, its quality not quantity,and above all, it is focussed activity designed to suit your individual needs.
This is actually a very difficult question to answer because to be honest, there is no easy answer. Are you looking to generate more business from your social media activity? If so, its probably quite simple to measure business generated from leads or enquiries coming from social media. Of course, these leads would need to be *extra* business generated over and above your normal lead-generating activity.
Are you looking for increased visibility for your business or organisation? This is easy to measure,in terms of straight hits on your social media channels, but what does hits or the number of followers really tell you, other that you've about three million less followers than Justin Bieber on Twitter? You really should be looking for quality, not quantity. Are your followers and facebook likes from your business market or potential customers, and do you engage in conversation with them or just broadcast your own activity? After all, we are now in the age of web 3.0 and this is the creative collaborative web. Any successful social media activity must involve some degree of dialogue. If you look at some of the large business using social media, the successful ones are the ones who use it to have conversations with their followers. Social media is a community where you have to interact with people, talk to people, deal with complaints, answer questions and engage in discussion.
And if you want to position yourself as an expert in your field, the number of questions you answer on sites like Quora and Google+ will also be important.
Its not the raw data or metrics or stats which are important, its how these are analysed and interpreted. This is where you will find your true ROI, and this where an expert social media consultancy will be worth it's weight in gold. We can show you just what your bucks are generating, and because we live breathe and work social media, we know just where you'd be best to focus your activity if you want a demonstrable return on your Rands.
ROI - its not just followers and likes, its quality not quantity,and above all, it is focussed activity designed to suit your individual needs.
