Yes, you can effectively measure social marketing

Share this content:
Avi Savar
Avi Savar

While some brands continue to debate the merits of social media in their marketing mix, others have made tangible strides in measuring these initiatives. Defining the roles and responsibilities of each channel within the brand marketing mix allows brand managers to decipher the social dilemma.

First, identify social media levers while understanding the drawbacks. Second, develop relevant key performance indicators (KPIs) tied to the brand's business objectives. Next, use advanced analytics for your social campaign to explain what went right and wrong and why.

Let's review some measurement components in the social space: reach and engagement. Reach is defined as the number of impressions, followers and fans. This top of the funnel metric is measured to address two questions: Do we maximize the brand's audience social eyeballs? Can we compare these social to other media eyeballs?

If properly measured, the answer to the second question may reveal a prominent social media advantage: captive reach. The Facebook process of “liking” is a powerful indication of trust and emotional connection toward your brand. Its value is dependent upon the circumstances by which your audience discovers you. A consumer's “Like” could mean any one of these three things:

“I like the content.”

“As a result of exposure to the particular content, I like the brand.”

“I will share with others this particular and future brand content.”  

Once we establish the reporting and measurement process and start tracking it over time, we can optimize “captive reach.” We need to design the analytical data infrastructure to explain the potential reasons or factors leading to the increase or decrease in “captive reach.” 

Advanced statistical methodologies can help solve the social media holy grail by linking social media activity to financial metrics such as sales. Brand managers need to clearly define the role of social media in their marketing mix, and set clear measurement KPIs and predictive analytics. This will produce a well-defined social accountability and necessary confidence in related discussions with management.    

Avi Savar is the founder of Big Fuel.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above