Measure your social media marketing on a spreadsheet? Why bother spending time on this when we have all kinds of analysis tools available to us?
We finally get to the fifth and final installment of the series “Snapshot Of Your Social Media Presence” and to be honest, I expect you to question me with that weird look on your face but I promise to explain why I think you should consider keeping your own numbers in a spreadsheet.
Before I continue, here are the previous posts on this series in case you missed them:
- Snapshot Of Your Social Media Presence [Part 1]: The Hub
- Snapshot Of Your Social Media Presence [Part 2]: Content Performance
- Snapshot Of Your Social Media Presence [Part 3]: Your Network
- Snapshot Of Your Social Media Presence [Part 4]: Impact
There are 4 main reasons:
- Full visibility. There is no tool that will give you everything you want in one place or the capabilities to customize at this level.
- You can establish points in time to track data and compare.
- You can manipulate the data however you want and customize to your needs.
There is no right or wrong here, the decision on what to measure depends only on the business objectives. As I mentioned a couple of times during the series, we are not measuring ROI but online presence. Social media presents a great opportunity for an inbound marketing approach that will allow you to attract your target market, conversion becomes a 2nd step in the equation.
In this example we’ll focus on the following metrics as we have seen throughout the series:
- The Hub – Which is most likely to be your blog or website. Traffic is a must while rankings such as Alexa, Compete and others are less relevant to your bottom line but still a metric to measure your online presence.
- Content Performance – Key element if you attract your prospect through content marketing. This will let visualize what kind of content your reader consumes and how it performs in the different social platforms.
- Network – The size, growth rate and demographics of your network are important depending on your business objectives.
- Impact – You are already putting your creation in front of people, is it being shared? How much and where? Is this impact intended or unintended? Is it positive or negative? One step closer to conversion.
Let’s Get Jamming
Not that I push MS Excel, in fact, I have almost completely replaced my MS Office usage for Google Docs but when it comes to charts on a spreadsheet, Excel provides with a lot more flexibility. Feel free to use any other product.
You will want to create only one workbook and separate each section into sheets.
Next, it is important to determine a starting point, if you’re starting today or if you have been working on an existing strategy. Also critical to establish points in time, both in frequency and specific dates, perhaps once a month on the 5th day of the following month so you allow a few days to have solid digits. Tools are usually not real-time.
Now let’s go into each section of your workbook and establish the data you will want to track on a monthly basis.
General site traffic. Easiest and cheapest way is to run Google Analytics on your site.
- Average Time on site
- Bounce Rate
A little bit more complex because we’re analyzing pieces of content you publish. Data will usually come from different sources.
- PostRank Engagement Points
- Post Comments
- Facebook Shares
- Delicious Bookmarks
You can go on here as much as you want including Diggs, average time or bounce rate for each post. My advice is to keep it as simple and relevant as you can or it can easily become a hassle.
Whatever you consider community around your brand in whatever social platforms, maybe Facebook is not important for your business but Linkedin is.
- Twitter followers
- Facebook fans
- RSS Subscriptions
- Email Subscriptions
How you determine if your brand or company is achieving the desired impact and how to measure it is really up to you. It will also be harder depending on the data you want to track.
- Traffic from social sites
How About Some Screenshots
Here are a couple of examples so you can get an idea, the first is for content performance in which you should get data from different sources, in this case I’m going with the criteria I mention above.
Traffic from social sites
Or your network growth divided by platform.
Is it a lot of work? maybe. Is it necessary if you already get this data from separate tools? you decide that. One thing I can tell you is that you need to have full visibility of these digits if you pretend to get any results regardless of the media used.
I did a lot of traditional media in my previous business, you track results on each magazine or TV network, each day of the week or time of the day, each spot or ad. Why would you treat social media different? And if your answer is that social media is free, let me tell you with all due respect that… you are dead wrong.
There are a couple of things I left out in this series like setting monthly goals or tracking some basic SEO performance, we’ll get into that in future posts.
What is your method? do you focus on different metrics? do you have any suggestions? share your thoughts in the comments. Also, it would be awesome if you can tell me if this was helpful in any way.