Most businesses know that they should have a website and a social media policy. But it is all too common, for SMEs in particular, to simply nominate a tech-loving member of staff to take care of the company’s social media profiles, and to then forget about the issue of social media altogether. This is a big mistake, It means that not only is there the risk of an off-hand comment or thoughtless retweet turning into a PR-disaster for the brand, but you could also be missing out on some valuable traffic sources and information.
Analytics and social media
In the right hands, social networks are a goldmine of information. Every time someone makes a post on their favourite social networks, they leave behind a clear digital footprint. Every time someone else sees or comments on that content, it adds a little more information to that person’s own profile. Armed with this information, it is possible to create laser-targeted marketing campaigns.
The power of the targeting tools offered by social networks such as Facebook is astounding, and if you combine that power with analytics – either the on-platform analytics provided by Twitter and Facebook, or third party analytics services such as Google Analytics – you get some incredibly detailed insights into the kinds of people that are engaging with your brand.
Most people think analytics is something that should be reserved for their website traffic, but social media is a great platform for analysis too.
Once you know who is reading your content, who is sharing it, and who is invested enough in your brand to take the time to comment, you can tailor your marketing efforts to those people. This has the effect of improving your advertising ROI, your social media reach and hopefully your organic traffic too.
Another benefit of using analytics for your social media accounts is that it allows you to quantify the impact that your social media engagement and influence is actually having on your bottom line.
Simply saying “I have 1,000 Twitter followers and got 20 retweets today” is useless unless you know how that will translate into lead generation or actual conversions. Using analytics, you can place an estimated value on engagement, and that will make it easier for you to focus your social media marketing efforts and prioritize your ad spend.