Tweet

Metrics of Social Media – Measuring the Investment and the Returns

Guest post by: kunwarpal solanki

Article Overview: Social media campaigning has proved to be a profitable business to lots of investors. There is also a fact that thousands of pages and websites find loss in this business.

Metrics of Social Media – Measuring the Investment and the Returns

Social media campaigning has proved to be a profitable business to lots of investors. There is also a fact that thousands of pages and websites find loss in this business. People are addictively logged on to social sites like Facebook, Twitter, Linked In, etc. Other means are blogs, communities, podcasts, videos, etc. But is social media really worth investing? Let us have a look on some of the important aspects of this new craze.

Analyze your goal

Setting the target of your social media investment is very important. You must plan how much you are going to spend, on what terms and for how long. All this should be clearly confirmed with the management and the staff.

Analyzing your goals is very important to handle the unexpected results of social media. Clearly defining your target makes your investment much focused, clear and identifiable to you, your company and the clients.

Plan the quantitative and the qualitative factors affecting your business. Quantitative factors are the materialistic profits gained while quantitative factors are relations with the customers and the total quality of your business.

Monitoring your success and failures

Monitoring and reporting are the important tools of any business management. They let you know your status in the market in relation to your competitors. Having a feedback system allows outsiders to connect to the business making them feel homely. This surely pays off and gets you stable customers.

A feedback system is never to be considered as an extra mailbox just to make relations. They help a business find its weak points and strengths. Proper consideration is to be given over such a system.

Keeping your business intentions transparent to customers shall make them believe in your business, increasing the returns. Measure the traffic directing towards your business and your web pages, blogs and other social means. Having proper communication with customers will surely find returns.

Return of Investment

Social media is fast but may prove slow to you. Have patience, it will bring you profit if you have employed it wisely in your campaigning. Keep your methods simple and hopes high. It may have proven as fast returning business to others but the same might not happen to you. It is a broad way of investing and returns may be slow and late. Consider it as a long term investment. Even if it seems a loss, it might be increasing your customer relations. Do not always count on money; sometimes having better relations is more important.

Social media presence has become a necessity for today’s business with the increasing number of internet users. Proper planning and management of your social media campaign can surely increase your business assets.

Related Articles
  Social Media Principle 10 – Measure and Evaluate
  Social Media Gains Momentum for B2B Marketers
  Quality in Marketing: You must start with these 2 definitions
  Rates of Return: The Effects of Human Capital on Economic Development
  Social Media Measurement Made Simple
  Making the Most Out of Social Media for Your Organization
  Lead Generation Best Practices: Measure Beyond Cost-Per-Lead
  Resourcing B2B social media
  How to Measure the Effect of Press Releases
  Social Media is Getting Even Easier
  Monitoring Inside Sales Productivity
  Using Web Analytics for Marketing
  Legal Marketing: Social Media and Law Firms
  Marketing Dashboard Best Practices
  Are you paying people to update their Facebook profile?
  How to develop a European Social Media Strategy
  “Should I or shouldn’t I”
  Can social media replace PPC?
  Four Common Errors on Social Media Strategy and How To Prevent Them
  Breaking Out the Ruler: A Guide to Measuring PR Efforts

Article Tags: SEO Company Delhi, SEO Service Delhi, Web Design Delhi, Website Design Company Delhi, Website Design Gurgaon



Related Forum Posts
Re: Kevin needs "social glue" ideas - Hi, I like the idea of "10 items that could act as "social glue" because I am an internet marketer. But I agree with the rest that the 10 recent post is nice. Maybe we should open up a new section in the forums on Social Media...or Social Media Marketing. I will tell you that the world is about 1 1/2 behind when it comes to understanding social media. Building a section now will put EvanCarmichael.com is a great position a year down the road when people realize Social Media can produce more traffic than SEO. Jeff
Re: Kevin needs "social glue" ideas - [quote="WebBizIdeas.com":gvtxsu7g]Hi, I like the idea of "10 items that could act as "social glue" because I am an internet marketer. But I agree with the rest that the 10 recent post is nice. Maybe we should open up a new section in the forums on Social Media...or Social Media Marketing. I will tell you that the world is about 1 1/2 behind when it comes to understanding social media. Building a section now will put EvanCarmichael.com is a great position a year down the road when people realize Social Media can produce more traffic than SEO. Jeff[/quote:gvtxsu7g] Hi Jeff, Thanks for the suggestion. Why don't you start a new post (with a poll) to see if there's enough interest in your idea for a social media section?
Re: UPDATES: New Campaign! New Layout! New Ideas! - GT - thanks for the FYI - I'm not sure if we'll put a link back. Something to consider though! Trent - the new category is "Social Network and Media" which was put in to compliment the Online Businesses category that currently exists. Overall the new categories are: - Looking For, Networking and Events - Review My... - Social Network and Media - Brags and Rants These came as a result of Ringo doing research on other forums and thinking about what could be improved on ours to give a better experience for everyone. I hope you enjoy them! David, I'm looking forward to reading your Brag / Rant!
Re: Marketing 2.0 - What Are Your Thoughts - Hi Shri, Thanks for posting this. I also read it and I believe Social Media is here to stay, until the next best thing comes up. Social media proved to be useful for me many times and I think everyone should use it for their business.
Re: Social Media Marketing Ignorance - [quote="vbn411":7qciluxl]Social Media is space that you have to be in to succeed in our current climate. People are going to be discussing your brand / product whether you like it or not, so you might as well join the conversation and add value. [/quote:7qciluxl] I think that's probably one of the most realistic way to think about it. There's no real textbook way of understanding Social Media, it's the networks of people and their interactions that will exist with or without your input. As for Jennifer, You can always have 2 Facebook pages. Many people do. There is also LinkedIn, which is like a professional networking version of Facebook. The only way to know is to try it.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Maximum Impact Restaurant Greening

Selling with Humor (and a Sorry Butt)

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.