A recent study on marketer and consumer Twitter usage from 360i and published by eMarketer found that only 16 percent of tweets pushed out by brands engage followers, compared to 43 percent of tweets by consumers.
Are you a marketer for whom these statistics again raise the question, “Why are we on Twitter?” If so, take heed: The study narrowly defines engagement as “tweets using the ‘@’ symbol, a sign of back-and-forth engagement on the service.” That is, tweets that direct-message another Twitter user. Great for Dell-like brands, which sell hundreds of products at a variety of price points to a broad range of (presumably digitally savvy) consumers.
But consider, for example, a heavy equipment manufacturer selling multimillion-dollar pieces of equipment within very specific verticals. Does @procurement make or break the deal?
For most brands, it’s important to define social media engagement more broadly, and to ultimately measure success in the online social space based on overarching, agreed-upon campaign strategies and objectives, and within context of a brand’s overall marketing mix, including SEO/SEM, display, mobile and other online and offline initiatives that can affect the efficacy of social media initiatives.
So while there’s no arguing that true engagement in the online social space is valuable, some other qualitative and quantitative measures to consider are:
Qualified volume. Strive to increase number of Twitter followers, Facebook “likes” or visitors to your blog who you’re able to bucket into groups that matter. For example, customers, prospective clients, industry influencers, respected peers/references, etc.
Sentiment. While there are appropriate times and social spaces for sharing company-focused news and information, prioritize value-added content from reputable sources. Even if skimmed by a qualified follower, such content builds positive brand awareness and can lead to engagement.
Coverage. Is your content being shared, re-tweeted or linked to? This could be by friends, employees or other important and/or influential individuals or groups within your online social network. Is your content driving traffic to your company website and/or blog?
Internal competency. Today, an understanding of (and often presence within) online social spaces is considered cost of entry. Whether talking to current or prospective customers, employees and recruits, or networking at the annual industry event, the topic is likely to arise. Measuring your understanding of social media, and that of your peers, is often a precursor to sustained financial and human capital for social media initiatives.
And no matter how you approach social media measurement, always draw actionable conclusions from your findings that you can use to refine and evolve your approach. Measurement is research.
Oh, and give yourself a break. The world of social media – the platforms, the players, the rules and the measurement tools – are constantly changing. You aren’t the only one trying to wrestle this greased pig.
Questions about your brand’s social media efforts? Contact Laura Schmidt at lschmidt@rkconnect.com or 630-955-6618.