4 Important Social Media Metrics

Marketers are always looking for the best social media metrics, and these four social media metrics will be among your most important.

We are always faced with the task of measuring our social media campaigns in order to generate ROI reports. No matter what your goals are at the outset, there are going to be certain social media metrics that you will need to keep in mind when compiling these reports.

Influence

Granted, this is a somewhat arbitrary metric. Some might venture to argue that influence is not a metric at all. However, it is something you are going to want to pay attention to. There are plenty of services – like Klout, Kred and PeerIndex – that will provide you with a concrete number to help measure your influence, but you will want to do a little work on your own.

Pay attention to the groups, communities and networks where you are seeing your highest levels of conversation, and audience engagement. If, for example, on Facebook you see that your content is shared five times more than it is on Twitter, you might want to reevaluate your Twitter strategy in order to increase the influence you have on your community there.

Engagement

As noted above, engagement is something you are going to want to keep a close eye on. Engagement is at the heart of a successful social media program, and it is going to be one of if not your most important metric.

When measuring engagement, it is important to keep in mind that a conversation is not the only form of engagement. Look at instances where you audiences are engaging with content by simply liking, or sharing it. These are social signals, and are very important to both SEO and a success program. Take note of the types of content where you are seeing the most engagement, and modify your campaigns accordingly in order to maximize those levels wherever possible.

Share of Voice

Looking at the conversation taking place around your own brand is one thing, but how big of a share in the industry discussion does your brand have? This is why it is important to measure share of voice.

Your share of voice is the percentage of mentions in your industry that relate to your brand compared to your competitors. This is an important metric for a few reasons, the most important of which is to know where you need to become more involved in the conversation. To help you measure share of voice, there are free tools like Social Mention that can be used.

Social Referral Traffic

In the Traffic Sources section of your Google Analytics dashboard, you will see where your traffic is coming from. This is going to be a key focal point for a successful program.

To know whether or not your social media program is driving traffic and, subsequently, leads and business, you need to be monitoring that activity. This will give you a good indication of where your efforts and the strategy you have in place are paying off, and where you need to make adjustments. Engagement, influence and a significant share of voice are great metrics, but if those are not converting into leads and sales, then you need to modify your approach.

These may only be just four metrics, but they are universal and among the most important when it comes to social media metrics. You will need to look at these no matter what kind of a campaign you are conducting, or what your goals are.

What other social media metrics do you use? Tell us in the comments below or on Twitter!