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No Strategy Is Complete Without Evaluation

Your digital marketing strategy is a hugely important document for your business. You can’t assume everything you planned reached your goals. You need to assess your results to know what worked, what didn’t and ensure that you are investing your resources wisely.

Track your results

As you start to implement your plan and track your results, you may find that some strategies didn’t work as well as you’d anticipated, while others are working even better than expected.

Use the analytics tools available within each social network to measure your impact. Use the data to assess your strategy regularly.

Surveys can also be a great way to find out how well your strategy is working. Ask your social media followers, email list, and website visitors whether you’re meeting their needs and expectations on social media. You can ask them what they’d like to see more of and then make sure to deliver on what they tell you.

Pay attention to changes

Things change fast on social media. New networks emerge, while others go through significant demographic shifts. Your business will go through periods of change as well.

Your digital marketing strategy must be a living document that you look at regularly and adjust as needed. Refer to it often to keep you on track, but don’t be afraid to make changes so that it better reflects new goals, tools or plans.

Measure Success on Social Media

Measuring success on social media depends on your goal. You must track the metrics that show progress toward that goal. That is the only data that is meaningful.

This requires that, as you formulate your strategy, you also define how you will measure progress. Here are some ideas for measures that might make sense.

3 Metrics to Avoid

Likes

Generally, likes aren’t insightful measures. People mindlessly like things, and those clicks don’t tell you much. In fact, search engines have reduced the credibility assigned to a brand based on likes.

Website Traffic

Website traffic is another commonly used, but incomplete, metric. Traffic alone does not tell you about who is visiting and what they are doing. Dig deeper.

Comments

Overall, people lurk more and comment less. Measuring your success against the average number of comments will only confirm that you are impacted by this trend like everyone else. There’s no great insight to be gained.

3 Metrics to Consider

Share of Voice

Monitor mentions of your brand and the “voice” of these mentions – positive, negative or neutral. A tool like Social Mention can assess your brand’s mentions in comparison to your competitors. You can also look at the best performing competitors for insight and ideas.

Customer Service Provided

People expect to connect with brands for customer service. Monitoring how well you do in that category can be a bellwether for your brand overall. Track issues, platforms used by customers to raise them, and, most importantly, response time. In general, the faster the response time, the higher the customer satisfaction.

Website Traffic Sources and Conversions

Social media should be used to drive interest in your brand and traffic to your website. Pay attention to your website traffic sources to make sure your social efforts are proportional to the traffic generated.

Further, track these visitors against your site conversion goal. Whether you want sign ups for your email list, a product sale, or some other action, watch your conversions. With Google Analytics, you can define and track your website conversion goal.