{"id":2414,"date":"2015-09-02T00:15:23","date_gmt":"2015-09-01T18:45:23","guid":{"rendered":"http:\/\/www.blogbrandz.com\/tips\/?p=2414"},"modified":"2024-05-13T15:28:20","modified_gmt":"2024-05-13T09:58:20","slug":"roi-of-social-media-measure","status":"publish","type":"post","link":"https:\/\/www.blogbrandz.com\/tips\/roi-of-social-media-measure\/","title":{"rendered":"ROI Of Social Media: Why It Matters And How To Measure It"},"content":{"rendered":"<p><em>Do you find Social Media ROI confusing? In this article, I simplify the steps to measuring your social media ROI.<\/em><\/p>\n<p>When I started reading up about Social ROI, I found it so confusing, I wondered how other business owners were managing to understand it. I\u2019ll be the first to admit I don\u2019t do great with numbers or formulae.<\/p>\n<p>But in the process of creating their guides on ROI for social media, I found that most experts had substituted simplicity and comprehension for thoroughness and over-complication.<\/p>\n<p>That was when I decided to make sense of this topic for you and me. In this article, I simplify the steps to measuring your social media ROI.<\/p>\n<h3>Why Social Media ROI Matters<\/h3>\n<p>As Lewis Carroll (and later, George Harrison) so famously stated, \u201cIf you don\u2019t know where you\u2019re going, any road will take you there.\u201d<\/p>\n<p>If you\u2019re running a social media campaign without taking the time to assess if you\u2019re getting the results you want to achieve, then you really don\u2019t know where you\u2019re going.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/services-any-road.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2415\" src=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/services-any-road.jpg?resize=675%2C293&#038;ssl=1\" alt=\"services-any-road\" width=\"675\" height=\"293\" title=\"\" srcset=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/services-any-road.jpg?w=675&amp;ssl=1 675w, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/services-any-road.jpg?resize=300%2C130&amp;ssl=1 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><\/p>\n<p><strong>Social ROI matters because it tells you where you are, where you want to go and where you should be heading<\/strong> if you want your marketing campaign to work. Otherwise, you might as well be chucking all that time, effort, and money down a very deep well.<\/p>\n<div class='tm-tweet-clear'><\/div>\n<div class='tm-click-to-tweet'>\n<div class='tm-ctt-text'><a href='https:\/\/twitter.com\/share?text=Social+ROI+tells+you+where+you+are%2C+where+you+want+to+go+and+where+you+should+be+heading.&#038;url=https:\/\/www.blogbrandz.com\/tips\/roi-of-social-media-measure\/' target='_blank'>Social ROI tells you where you are, where you want to go and where you should be heading.<\/a><\/div>\n<p><a href='https:\/\/twitter.com\/share?text=Social+ROI+tells+you+where+you+are%2C+where+you+want+to+go+and+where+you+should+be+heading.&#038;url=https:\/\/www.blogbrandz.com\/tips\/roi-of-social-media-measure\/' target='_blank' class='tm-ctt-btn'>Click To Tweet<\/a><\/p>\n<div class='tm-ctt-tip'><\/div>\n<\/div>\n<p>If your business has been trying to make sense of calculating the ROI of social media, here\u2019s where you should start.<\/p>\n<h3>#1. Decide where you want to go<\/h3>\n<p>The first step towards calculating the ROI on social media is to decide where you want to go. What are your goals and business objectives?<\/p>\n<p>What do you want to ultimately achieve with your <a href=\"https:\/\/www.blogbrandz.com\/tips\/social-media-post\/\" target=\"_blank\" rel=\"noopener\">social media campaign<\/a>? For instance, you can choose to focus on one or more of the following goals.<\/p>\n<ul>\n<li>Getting more blog and website traffic<\/li>\n<li>Getting more leads and calls<\/li>\n<li>Getting more branding, reach, and visibility online<\/li>\n<li>Getting a reputation as an expert (thought-leadership)<\/li>\n<li>Getting more sales and conversions<\/li>\n<\/ul>\n<h3>#2. Plan your campaign<\/h3>\n<p>The social media campaign that you decide to run will ultimately depend on your goals. For example, if you decide to go after leads, you will have to create a lead magnet \u2013 an incentive for which your prospects will share their email address or phone number with you.<\/p>\n<p>In this case, you could run a Twitter card campaign or a Facebook ad campaign to generate leads from these two channels immediately, while creating a blog as a long-term campaign to generate leads from organic traffic.<\/p>\n<p>If you decide to go after sales on your eCommerce website, Facebook carousel ads might be the best option for short-term sales and app downloads a more long-term plan to deliver content right to the buyer\u2019s mobile devices.<\/p>\n<p>You need to customize your <a href=\"https:\/\/www.blogbrandz.com\/tips\/social-media-post\/\" target=\"_blank\" rel=\"noopener\">social media posts<\/a> depending on what are the results you ultimately want to achieve. You also need to decide which channel you want to run a campaign on based on your audience demographics.<\/p>\n<p>For instance, images will do best on Instagram, Facebook, and Pinterest. But if your demographic is largely a B2B audience that is active on LinkedIn and Slideshare, you will have to rethink your creatives and campaign.<\/p>\n<h3>#3. Track everything<\/h3>\n<p>The wonderful thing about online marketing is that you can track almost everything.<\/p>\n<p>From the content that works best on social media to the path your visitors take through your website to the signups, leads, sales, and follow-ups, everything can be tracked, monitored, and customized to optimize the customer experience.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Website-Traffic-Tracking.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2424\" src=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Website-Traffic-Tracking.jpg?resize=702%2C374&#038;ssl=1\" alt=\"Website Traffic Tracking\" width=\"702\" height=\"374\" title=\"\" srcset=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Website-Traffic-Tracking.jpg?w=702&amp;ssl=1 702w, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Website-Traffic-Tracking.jpg?resize=300%2C160&amp;ssl=1 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><\/p>\n<p>If you\u2019re using a CRM like <a href=\"https:\/\/hubspot.sjv.io\/c\/1446103\/1001264\/12893\" target=\"_blank\" rel=\"nofollow noopener\">Hubspot\u2019s Inbound Marketing Software<\/a>, you can customize and track your entire visitor experience.<\/p>\n<p>It can quickly help you create campaigns and track which ones are working and which aren\u2019t so that you can put your time, effort, and money into the campaigns that are getting the results you want.<\/p>\n<p>No more do you have to wander blindly around the social media landscape, wondering which posts are working best, or use the \u201cPost and Pray\u201d method of sharing content.<\/p>\n<p>A good marketing CRM will give you analytics on how many clicks and conversions a certain post is getting you, so you can tweak your copy and creatives.<\/p>\n<p>Get familiar with tools like Google Analytics, Facebook conversion tracking, and strategies like A\/B testing to refine your campaign further.<\/p>\n<h3>#4. Decide the value of a lead or sale<\/h3>\n<p>What does the ROI of social media mean to you? Calculating ROI is ultimately about calculating the cost of a lead or sale and deciding if your marketing expenses were worth it.<\/p>\n<p>Only you can decide whether the ROI in social media campaigns was worth it to you. There are a lot of <a href=\"https:\/\/www.blogbrandz.com\/tips\/social-media-tools-tutorials\/\" target=\"_blank\" rel=\"noopener\">social media tools<\/a>, methodologies, and complicated formulae to calculate social media ROI.<\/p>\n<p>But the only one that actually makes sense is to ask yourself whether it was worth spending $5 on a Facebook ad to gain a lead that went on to convert to hundreds of dollars worth of sales on your website.<\/p>\n<p>It\u2019s up to you, as the business owner, to decide what campaigns make sense to spend on and what you can pass on.<\/p>\n<p>When calculating ROI, don\u2019t forget to factor in the cost of your <a href=\"https:\/\/www.blogbrandz.com\/tips\/social-media-virtual-assistant\/\" target=\"_blank\" rel=\"nofollow noopener\">social media marketing agency<\/a> or, if you\u2019re doing it in-house, the salaries, time, expense, and effort it takes to go from point A to point B.<\/p>\n<h3>#5. Set a course for success<\/h3>\n<p>Once you have calculated your ROI, it\u2019s time to analyze your results, assess if they are taking you where you want to go, and tweak and fine-tune your campaigns to take you on a trajectory to social media success.<\/p>\n<p>Like Captain Jean Luc Picard of the USS Enterprise, you need to decide if you\u2019re on course or if you need to alter course and run with a different approach.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Captain-Jean-Luc-Picard-Meme.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2417 aligncenter\" src=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Captain-Jean-Luc-Picard-Meme.jpg?resize=250%2C250&#038;ssl=1\" alt=\"Captain Jean Luc Picard Meme\" width=\"250\" height=\"250\" title=\"\" srcset=\"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Captain-Jean-Luc-Picard-Meme.jpg?w=250&amp;ssl=1 250w, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2015\/09\/Captain-Jean-Luc-Picard-Meme.jpg?resize=150%2C150&amp;ssl=1 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/p>\n<p>To get a great overview of social media and ROI, check out the infographic below from the Quicksprout blog.<\/p>\n<div style=\"clear: both; text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/assets.pinterest.com\/ext\/embed.html?id=447615650479078571\" width=\"236\" height=\"3174\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<div style=\"text-align: center;\">Courtesy of: Quick Sprout<\/div>\n<p>&nbsp;<\/p>\n<p>Did you enjoy these tips on social media ROI? Do share them on Twitter by clicking below.<\/p>\n<div class='tm-tweet-clear'><\/div>\n<div class='tm-click-to-tweet'>\n<div class='tm-ctt-text'><a href=\"https:\/\/twitter.com\/share?text=ROI+Of+Social+Media%3A+Why+It+Matters+And+How+To+Measure+It+via+%40blogbrandz&#038;url=https:\/\/www.blogbrandz.com\/tips\/roi-of-social-media-measure\/\" target=\"_blank\">ROI Of Social Media: Why It Matters And How To Measure It via @blogbrandz<\/a><\/div>\n<p><a href=\"https:\/\/twitter.com\/share?text=ROI+Of+Social+Media%3A+Why+It+Matters+And+How+To+Measure+It+via+%40blogbrandz&#038;url=https:\/\/www.blogbrandz.com\/tips\/roi-of-social-media-measure\/\" target=\"_blank\" class=\"tm-ctt-btn\">Click To Tweet<\/a><\/p>\n<div class='tm-ctt-tip'><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Do you find Social Media ROI confusing? In this article, I simplify the steps to measuring your social media ROI.<\/p>\n","protected":false},"author":2,"featured_media":2416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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Marketing Automation Tools for Digital Marketers","author":"Priya Florence Shah","date":"September 25, 2023","format":false,"excerpt":"Stay ahead of the curve and unlock marketing success with our expert guide to the top marketing automation tools for digital marketers.","rel":"","context":"In &quot;Blog Promotion&quot;","block_context":{"text":"Blog Promotion","link":"https:\/\/www.blogbrandz.com\/tips\/category\/blog-promotion\/"},"img":{"alt_text":"marketing automation","src":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2023\/09\/marketing-automation.jpg?fit=940%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2023\/09\/marketing-automation.jpg?fit=940%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2023\/09\/marketing-automation.jpg?fit=940%2C600&ssl=1&resize=525%2C300 1.5x, 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Here are 10 best practices to create a successful social video content strategy that works for your business.","rel":"","context":"In &quot;Blog Content&quot;","block_context":{"text":"Blog Content","link":"https:\/\/www.blogbrandz.com\/tips\/category\/blog-content\/"},"img":{"alt_text":"Social Media Video Marketing","src":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2017\/12\/Social-Media-Video-Marketing.jpg?fit=900%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2017\/12\/Social-Media-Video-Marketing.jpg?fit=900%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2017\/12\/Social-Media-Video-Marketing.jpg?fit=900%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2017\/12\/Social-Media-Video-Marketing.jpg?fit=900%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1711,"url":"https:\/\/www.blogbrandz.com\/tips\/expect-instant-results-social-media-marketing\/","url_meta":{"origin":2414,"position":2},"title":"Why You Can\u2019t Expect Instant Results With Social Media Marketing","author":"Priya Florence Shah","date":"December 27, 2013","format":false,"excerpt":"Social media marketing has became essential for organisations who have been told, time and again, that they need to be on social networks, because that is where their customers are. But what many marketers and company executives fail to understand is that, unless you start with paid advertising on social\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.blogbrandz.com\/tips\/category\/blogging\/"},"img":{"alt_text":"social media networking","src":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2013\/12\/social-media-networking.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":36208,"url":"https:\/\/www.blogbrandz.com\/tips\/how-to-create-a-facebook-ad-campaign\/","url_meta":{"origin":2414,"position":3},"title":"How To Create a Facebook Ad Campaign","author":"Priya Florence Shah","date":"October 21, 2024","format":false,"excerpt":"Learn how to create a Facebook ad campaign using the best Facebook ad tools for effective marketing strategies and improved ROI.","rel":"","context":"In &quot;Blog Marketing&quot;","block_context":{"text":"Blog Marketing","link":"https:\/\/www.blogbrandz.com\/tips\/category\/blog-marketing\/"},"img":{"alt_text":"facebook ad","src":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2024\/10\/facebook-ad.jpg?fit=940%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2024\/10\/facebook-ad.jpg?fit=940%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2024\/10\/facebook-ad.jpg?fit=940%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.blogbrandz.com\/tips\/wp-content\/uploads\/2024\/10\/facebook-ad.jpg?fit=940%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2117,"url":"https:\/\/www.blogbrandz.com\/tips\/social-media-data-use-transform-business-now\/","url_meta":{"origin":2414,"position":4},"title":"Social Media Data You Can Use To Transform Your Business Now","author":"Priya Florence Shah","date":"July 7, 2015","format":false,"excerpt":"Data, data, data. 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