After following the processes of getting the Social Media Analytic tool, capturing and analyzing the data some business may ask so now what? Is it worth it to invest all this time in tracking social media activities? I say yes!! However, the use of analytics to evaluate and guide social media strategy is still not as widespread as it should be (Fox, 2013). Social media analytics is important because it helps you figure out what is or isn’t working for your company. Content is important, but so is engagement (Fox, 2013). The key is getting people to see the amazing content you’re posting. Then once the content is posted, how are they responding to it? This is where the analytics help with letting a company know if they are doing the right things, attracting the right people, and making impressions.
Start with a baseline by getting a few months of analytics. Use some of the social media analytics tools mentioned in the previous posts such as Google Analytics or HootSuite to find things out like, how many visitors come to the company’s website per month or how many visits come from each of the social media platforms per month. After you set up a data baseline, adjust one routine at a time, and see if this adjustment gets more engagements such as visits, likes, shares, comments, follows, etc. during that time. The various platforms (Facebook, Twitter, Instagram, YouTube etc.) have simple analytics offered on their pages as well. These analytics can tell you how many people your post has reached, how many engaged users it had, and the number of people who have created a story from your post as a percentage of the number of people who have seen it for each post. Learn if the time of day matter to your followers or if certain content is receiving more attention than others. It’s valuable for companies to pay attention to these numbers and use them to adjust any strategies that may need adjusting to better the company.
Keeping track of the company’s progress is a great reason to invest time into social media analytics. The Social media analytical tools helps with seeing the big picture. Not only showing how the company’s followings has grown or how many fans have accrued over time but some of the tools allow tracking how many contact and hopefully leads the social media efforts have brought in. If some one in the company feel like this is a waste of time, just print out the analytic proof remember numbers don’t lie.
Speaking of investing time, social media analytics help with distributing the company’s time. Analytics can help show the company which strategies are working and also show the social media source of visits, contacts or leads. For example, in April most of the company’s social media visits may have come from Facebook, with significantly less coming from both LinkedIn and Twitter. In April, the company can decide to dedicate a little more time to LinkedIn and Twitter, increasing the amount of posts and engagement on both sites. The data retrieved from social media analytics can help businesses discover the best ways to allocate their time. So say you start spending that time on twitter and still not getting many leads, then maybe you need to allocate that time promoting the company on another platform that you might have more success in bringing in leads. The companies/organizations should at least try it, but to try without knowing and analyzing the results afterward wastes time.
I think this articles says it well:
“Whether you’re a big or small company, if you’re investing time, money, and effort into social media, than you should use social media analytics to see the whole picture and witness the fruits of your labor. Start using analytics to track your social media efforts today and figure out the best formula for success for you and your company tomorrow.” (Fox, 2013)
Reference:
Fox, A. (2013, April 26). Why Tracking Your Social Media Analytics is Important. Retrieved April 21, 2016, from http://www.seguetech.com/blog/2013/04/26/why-tracking-social-media-analytics-important
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