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Measuring and
Making Sense of
Your Social Analytics
Measuring and
Making Sense of
Your Social Analytics
Most	
  businesses,	
  by	
  now,	
  understand	
  that	
  social	
  media	
  is	
  here	
  to	
  stay	
  and	
  that	
  
maximizing	
  the	
  effectiveness	
  of	
  these	
  online	
  tools	
  is	
  key	
  to	
  the	
  success	
  of	
  every	
  
business’	
  marketing	
  efforts.	
  For	
  the	
  most	
  part,	
  building	
  the	
  social	
  media	
  presence	
  and	
  
connecting	
  these	
  profiles	
  with	
  each	
  other	
  is	
  the	
  easy	
  part.	
  The	
  tough	
  part	
  is	
  making	
  sure	
  
social	
  media	
  is	
  delivering	
  the	
  right	
  results.	
  The	
  only	
  way	
  to	
  do	
  that	
  is	
  through	
  social	
  
analytics,	
  through	
  Facebook	
  reporting	
  and	
  other	
  tracking	
  tools	
  to	
  provide	
  the	
  hard	
  
numbers	
  on	
  a	
  type	
  of	
  marketing	
  that's	
  still	
  very	
  new.	
  
What	
  are	
  Social	
  Analytics?	
  
	
  
Social	
  analytics	
  are	
  the	
  measurements	
  that	
  gauge	
  your	
  social	
  impact,	
  or	
  the	
  results	
  of	
  
your	
  social-­‐media	
  marketing.	
  They	
  go	
  beyond	
  numbers	
  such	
  as	
  Facebook	
  fans,	
  Twitter	
  
followers,	
  retweets,	
  likes,	
  etc.	
  Those	
  numbers	
  actually	
  don't	
  mean	
  much,	
  because	
  they	
  
don't	
  reflect	
  the	
  return	
  on	
  investment	
  for	
  your	
  social	
  media	
  efforts.	
  You	
  got	
  a	
  like,	
  which	
  
is	
  great,	
  but	
  you	
  don't	
  know	
  how	
  you	
  got	
  that	
  like	
  or	
  what	
  you	
  will	
  get	
  from	
  that	
  like	
  in	
  
the	
  long	
  run.	
  Social	
  analytics	
  serve	
  as	
  the	
  ROI	
  calculator	
  for	
  your	
  social-­‐media	
  
marketing.	
  It's	
  the	
  way	
  to	
  determining	
  what	
  all	
  your	
  hard	
  work	
  has	
  delivered	
  to	
  the	
  
company.	
  
	
  
With	
  social	
  analytics,	
  you	
  can	
  get	
  an	
  idea	
  of	
  what	
  your	
  potential	
  customers	
  are	
  doing	
  on	
  
social	
  media,	
  what	
  types	
  of	
  content	
  they	
  are	
  engaging	
  with,	
  and	
  figure	
  out	
  how	
  to	
  use	
  
that	
  information	
  to	
  get	
  these	
  potential	
  customers	
  to	
  become	
  actual	
  customers.	
  It's	
  
more	
  than	
  gathering	
  data.	
  Social	
  analytics	
  is	
  about	
  gathering	
  the	
  right	
  data	
  and	
  then	
  
having	
  the	
  right	
  insights	
  to	
  use	
  in	
  making	
  sound	
  planning	
  decisions.	
  	
  
8	
  Statistics	
  to	
  Measure	
  with	
  Analytics	
  
If	
  Facebook	
  fans,	
  Twitter	
  followers	
  and	
  other	
  social-­‐media	
  markers	
  don't	
  reflect	
  social	
  
impact,	
  what	
  does?	
  What	
  should	
  social	
  analytics	
  actually	
  measure?	
  What	
  sort	
  of	
  data	
  
should	
  be	
  gathered	
  and	
  what	
  can	
  be	
  learned?	
  Here	
  are	
  eight	
  things	
  that	
  social	
  analytics	
  
measures:	
  
1. Total	
  Size	
  of	
  Community	
  -­‐	
  This	
  is	
  one	
  you	
  could	
  probably	
  figure	
  out	
  on	
  your	
  own	
  
if	
  you	
  took	
  the	
  time,	
  but	
  the	
  data	
  is	
  much	
  easier	
  to	
  track	
  with	
  social	
  analytics.	
  
The	
  total	
  size	
  of	
  your	
  community	
  is	
  the	
  total	
  number	
  of	
  followers,	
  fans,	
  
subscribers,	
  etc.,	
  across	
  all	
  your	
  social-­‐media	
  profiles.	
  This	
  holistic	
  picture	
  shows	
  
if	
  you	
  are	
  adding	
  value	
  through	
  your	
  social-­‐media	
  marketing.	
  
2. Bounce	
  Rate	
  -­‐	
  The	
  bounce	
  rate	
  is	
  the	
  percentage	
  of	
  visitors	
  who	
  leave,	
  or	
  
bounce	
  from,	
  a	
  page,	
  without	
  visiting	
  a	
  second	
  page.	
  What's	
  considered	
  a	
  good	
  
bounce	
  rate	
  depends	
  on	
  what	
  kind	
  of	
  page	
  it	
  is.	
  This	
  may	
  be	
  hard	
  to	
  gauge	
  for	
  a	
  
social	
  media	
  profile,	
  but	
  can	
  be	
  gauged	
  for	
  sites	
  that	
  a	
  social-­‐media	
  update	
  or	
  
link	
  might	
  lead	
  to,	
  such	
  as	
  a	
  blog	
  post	
  or	
  a	
  landing	
  page.	
  For	
  these	
  types	
  of	
  
pages,	
  a	
  bounce	
  rate	
  above	
  90	
  percent	
  means	
  that	
  something	
  needs	
  to	
  happen	
  
on	
  these	
  pages	
  get	
  visitors	
  to	
  fill	
  out	
  a	
  form	
  or	
  to	
  click	
  elsewhere	
  on	
  your	
  site.	
  
3. Visit-­‐to-­‐Lead	
  Conversion	
  Rate	
  -­‐	
  Two	
  types	
  of	
  conversion	
  rates	
  matter,	
  and	
  the	
  
first	
  is	
  the	
  visit	
  to	
  lead	
  conversion	
  rate.	
  One	
  of	
  the	
  main	
  reasons	
  companies	
  use	
  
social	
  media	
  is	
  to	
  generate	
  leads,	
  and	
  it's	
  tough	
  to	
  know	
  if	
  you	
  are	
  doing	
  that	
  
without	
  social	
  analytics.	
  This	
  conversation	
  rate	
  can	
  measure	
  all	
  leads	
  generated	
  
from	
  social	
  media	
  or	
  it	
  could	
  be	
  segmented	
  for	
  each	
  social-­‐media	
  profile.	
  Most	
  
companies	
  won't	
  have	
  a	
  visit-­‐to-­‐lead	
  conversion	
  rate	
  if	
  they	
  aren’t	
  tweeting	
  or	
  
posting	
  opportunities	
  to	
  convert,	
  i.e.,	
  registering	
  for	
  a	
  webinar	
  or	
  downloading	
  a	
  
coupon.	
  
4. Lead-­‐to-­‐Customer	
  Conversion	
  Rate	
  -­‐	
  This	
  conversion	
  rate	
  may	
  not	
  take	
  place	
  on	
  
social	
  media,	
  but	
  it’s	
  still	
  crucial	
  to	
  social-­‐media	
  analytics	
  and	
  it	
  tells	
  you	
  if	
  social	
  
media	
  is	
  bringing	
  in	
  customers.	
  Your	
  profiles	
  and	
  status	
  updates	
  may	
  have	
  a	
  ton	
  
of	
  engagement,	
  but	
  that’s	
  not	
  the	
  same	
  as	
  generating	
  leads	
  from	
  your	
  social-­‐
media	
  marketing.	
  Turning	
  those	
  social-­‐media	
  leads	
  into	
  customers	
  is	
  something	
  
else	
  completely,	
  and	
  the	
  lead-­‐to-­‐customer	
  conversion	
  rate	
  may	
  be	
  one	
  of	
  the	
  
few	
  numbers	
  your	
  boss	
  cares	
  about	
  when	
  it	
  comes	
  to	
  the	
  Facebook	
  reporting,	
  
dashboard,	
  social-­‐media	
  mumbo-­‐jumbo.	
  
5. Sentiment	
  -­‐	
  Having	
  a	
  ton	
  of	
  mentions	
  on	
  social	
  media	
  is	
  great,	
  unless	
  a	
  majority	
  
of	
  them	
  are	
  negative.	
  Your	
  social-­‐analytics	
  reporting	
  ought	
  to	
  include	
  a	
  reading	
  
on	
  sentiment,	
  or	
  whether	
  or	
  not	
  the	
  engagement	
  on	
  social	
  media	
  is	
  positive,	
  
negative,	
  or	
  neutral.	
  Of	
  course,	
  you	
  want	
  positive	
  mentions	
  to	
  increase	
  
perpetually,	
  but	
  knowing	
  your	
  sentiment	
  measure	
  allows	
  your	
  business	
  to	
  
respond	
  properly	
  to	
  negative	
  sentiment	
  or	
  thank	
  someone	
  for	
  a	
  positive	
  
comment.	
  
6. Who	
  are	
  Your	
  Social	
  Media	
  Fans/Followers?	
  -­‐	
  This	
  goes	
  beyond	
  recognizing	
  
names,	
  profile	
  pictures,	
  and	
  Twitter	
  handles.	
  Social	
  analytics	
  needs	
  to	
  measure	
  
the	
  qualitative	
  data	
  that	
  defines	
  who	
  these	
  social-­‐media	
  people	
  are	
  so	
  you	
  can	
  
use	
  that	
  information	
  for	
  better	
  social-­‐media	
  marketing	
  and,	
  ultimately,	
  better	
  
all-­‐around	
  marketing.	
  For	
  example,	
  social	
  analytics	
  can	
  tell	
  you	
  the	
  time	
  zone	
  in	
  
which	
  followers	
  or	
  those	
  who	
  check	
  out	
  your	
  site	
  are	
  located	
  (which	
  makes	
  it	
  
easier	
  to	
  time	
  your	
  updates)	
  or	
  if	
  the	
  bulk	
  of	
  your	
  followers	
  are	
  in	
  your	
  industry	
  
or	
  like	
  your	
  product/service.	
  
7. Where	
  Did	
  the	
  Lead	
  Come	
  From?	
  -­‐	
  It's	
  critical	
  to	
  know	
  which	
  social	
  networks	
  or	
  
which	
  social-­‐media	
  marketing	
  tactics	
  are	
  driving	
  the	
  most	
  leads.	
  This	
  metric	
  is	
  
better	
  known	
  as	
  referring	
  traffic,	
  or	
  referring	
  sites.	
  Obviously,	
  if	
  a	
  lot	
  of	
  people	
  
on	
  Facebook	
  were	
  converting	
  into	
  leads,	
  then	
  you	
  would	
  want	
  to	
  continue	
  your	
  
work	
  there	
  with	
  regular	
  page	
  updates	
  and	
  Facebook	
  ads	
  and	
  other	
  methods.	
  If	
  
Facebook	
  isn't	
  bringing	
  in	
  the	
  results	
  you	
  were	
  hoping	
  to	
  see,	
  the	
  next	
  step	
  is	
  to	
  
figure	
  out	
  what's	
  wrong,	
  or	
  if	
  you	
  are	
  better	
  off	
  devoting	
  time	
  and	
  energy	
  
elsewhere.	
  
8. How	
  did	
  Someone	
  Engage	
  with	
  Your	
  Brand?	
  -­‐	
  It's	
  important	
  to	
  know	
  if	
  someone	
  
simply	
  follows	
  your	
  brand,	
  followed	
  your	
  brand	
  after	
  downloading	
  something	
  or	
  
attended	
  a	
  webinar,	
  or	
  perhaps	
  connected	
  with	
  you	
  on	
  social	
  media	
  after	
  first	
  
visiting	
  your	
  website.	
  Each	
  example	
  is	
  at	
  a	
  different	
  stage	
  of	
  the	
  buying	
  process,	
  
has	
  different	
  needs,	
  and	
  a	
  different	
  level	
  of	
  interest	
  in	
  your	
  brand.	
  Knowing	
  the	
  
differences	
  among	
  them	
  can	
  help	
  refine	
  your	
  social	
  media	
  marketing.	
  
Why	
  Have	
  Analytics	
  at	
  All?	
  
Analytics	
  essentially	
  help	
  you	
  gauge	
  the	
  success	
  of	
  your	
  current	
  social-­‐media	
  marketing	
  
efforts,	
  i.e.,	
  if	
  you	
  are	
  reaching	
  company	
  goals.	
  If	
  your	
  company	
  goal	
  is	
  to	
  generate	
  leads	
  
through	
  social	
  media,	
  knowing	
  which	
  platforms	
  have	
  the	
  highest	
  levels	
  of	
  engagement	
  
and	
  which	
  links	
  are	
  bringing	
  traffic	
  to	
  your	
  website	
  is	
  incredibly	
  important.	
  Having	
  social	
  
analytics	
  also	
  means	
  you	
  have	
  that	
  much	
  more	
  data	
  to	
  work	
  with,	
  making	
  it	
  easier	
  for	
  
your	
  brand	
  to	
  determine	
  what	
  to	
  do	
  next,	
  with	
  whom,	
  and	
  when.	
  
	
  
Besides,	
  where	
  would	
  you	
  or	
  any	
  company	
  be	
  without	
  social	
  analytics?	
  You’d	
  be	
  simply	
  
guessing	
  at	
  what	
  are	
  working	
  and	
  what's	
  not,	
  and	
  using	
  arbitrary	
  numbers	
  and	
  
measurements	
  to	
  gauge	
  success.	
  Without	
  social	
  analytics,	
  a	
  company	
  has	
  little	
  way	
  of	
  
knowing	
  which	
  referring	
  sites	
  are	
  driving	
  the	
  most	
  traffic	
  or	
  the	
  most	
  engaged	
  visitors,	
  
or	
  even	
  what	
  kind	
  of	
  impact	
  (if	
  any)	
  their	
  social	
  media	
  actions	
  are	
  having.	
  Without	
  social	
  
analytics,	
  a	
  company	
  could	
  easily	
  be	
  throwing	
  money	
  away	
  and	
  eventually	
  giving	
  up	
  on	
  
social	
  media	
  marketing	
  because	
  it's	
  not	
  accomplishing	
  company	
  goals.	
  
Tips	
  and	
  Tricks	
  in	
  Social	
  Analytics	
  
Segmentation	
  
If	
  the	
  leads	
  coming	
  through	
  Facebook	
  are	
  distinctly	
  different	
  from	
  those	
  coming	
  from	
  
LinkedIn,	
  and	
  different	
  still	
  from	
  those	
  coming	
  from	
  Pinterest,	
  you	
  may	
  want	
  to	
  segment	
  
those	
  leads	
  according	
  to	
  those	
  sources.	
  Through	
  segmentation,	
  your	
  lead	
  nurturing	
  can	
  
be	
  much	
  more	
  logical	
  and	
  targeted	
  toward	
  what	
  drove	
  the	
  lead	
  to	
  convert	
  in	
  the	
  first	
  
place.	
  Segmentation	
  can	
  also	
  help	
  with	
  finding	
  characteristics	
  to	
  help	
  build	
  marketing	
  
personas,	
  which	
  can	
  go	
  back	
  to	
  social	
  media	
  in	
  determining	
  what	
  content	
  you	
  post	
  
where	
  and	
  who	
  is	
  supposed	
  to	
  benefit	
  from	
  said	
  content.	
  
Don't	
  Ignore	
  Search	
  
Search	
  engines	
  are	
  now	
  emphasizing	
  profiles	
  and	
  evidence	
  of	
  "social	
  proof"	
  in	
  results,	
  
(especially	
  with	
  the	
  introduction	
  of	
  Google+)	
  meaning	
  that	
  social	
  media	
  is	
  no	
  longer	
  
separate	
  from	
  SEO	
  and	
  other	
  search	
  marketing	
  tactics.	
  A	
  good	
  example	
  of	
  this	
  is	
  Google	
  
Authorship,	
  which	
  attaches	
  a	
  picture	
  and	
  a	
  profile	
  of	
  the	
  author's	
  article	
  to	
  the	
  search	
  
results.	
  Statistics	
  have	
  shown	
  that	
  articles	
  with	
  that	
  picture	
  and	
  profile	
  get	
  a	
  lot	
  more	
  
clicks	
  than	
  those	
  that	
  don't.	
  Bing	
  is	
  also	
  emphasizing	
  social	
  proof,	
  showing	
  you	
  which	
  
friends	
  like	
  what	
  you	
  just	
  searched	
  for	
  or	
  showing	
  you	
  which	
  people	
  on	
  social	
  media	
  
have	
  an	
  interest	
  in	
  that	
  subject.	
  
Conduct	
  a	
  Content	
  Review	
  
Social	
  media	
  is	
  made	
  up	
  of	
  all	
  the	
  content	
  that	
  is	
  shared	
  and	
  posted.	
  Your	
  company	
  
cannot	
  be	
  considered	
  active	
  on	
  social	
  media	
  unless	
  content	
  is	
  being	
  posted.	
  Thus,	
  it	
  is	
  
important	
  to	
  review	
  the	
  content	
  that	
  you	
  post	
  on	
  social	
  media,	
  considering	
  quality	
  and	
  
relevance.	
  Review	
  each	
  piece	
  of	
  content	
  by	
  monitoring	
  three	
  things:	
  unique	
  page	
  views,	
  
time	
  on	
  page,	
  and	
  total	
  pages	
  viewed.	
  These	
  three	
  factors	
  assess	
  the	
  perceived	
  value	
  of	
  
the	
  content	
  by	
  your	
  audience,	
  as	
  well	
  as	
  the	
  overall	
  reach	
  of	
  your	
  social	
  media	
  efforts.	
  
	
  
Bring	
  this	
  Data	
  into	
  Other	
  Parts	
  of	
  the	
  Organization	
  
If	
  the	
  awesome	
  data	
  you're	
  getting	
  from	
  social	
  analytics	
  simply	
  stays	
  in	
  marketing	
  or	
  
with	
  your	
  social-­‐media	
  manager,	
  you're	
  losing	
  out	
  on	
  a	
  lot	
  of	
  potential.	
  Sales	
  can	
  
definitely	
  use	
  the	
  social-­‐analytics	
  data	
  when	
  reaching	
  out	
  to	
  individual	
  leads,	
  or	
  even	
  in	
  
offering	
  logical	
  next	
  steps	
  for	
  leads	
  that	
  aren't	
  ready	
  to	
  buy.	
  Customer	
  service	
  and	
  
support	
  can	
  use	
  this	
  information	
  if	
  current	
  customers	
  continue	
  to	
  remain	
  active	
  on	
  
social	
  media.	
  The	
  data	
  can	
  reflect	
  the	
  needs	
  of	
  current	
  customers	
  and	
  help	
  customer	
  
service/support	
  meet	
  those	
  needs.	
  
Social	
  Analytics	
  Tools	
  We	
  Recommend	
  
There	
  are	
  tons,	
  TONS,	
  of	
  social	
  media	
  tools	
  out	
  there.	
  How	
  do	
  you	
  choose	
  among	
  the	
  
tools,	
  even	
  when	
  it's	
  hard	
  enough	
  to	
  choose	
  among	
  the	
  social	
  networks?	
  Below	
  is	
  our	
  
list	
  of	
  great	
  tools,	
  and	
  most	
  of	
  these	
  tools	
  will	
  work	
  with	
  most	
  social	
  networks.	
  
	
  
Google	
  Analytics	
  -­‐	
  Google	
  Analytics	
  is	
  a	
  tool	
  that	
  most	
  small-­‐	
  and	
  medium-­‐sized	
  
businesses	
  know.	
  However,	
  some	
  may	
  not	
  realize	
  that	
  Google	
  Analytics	
  offers	
  social	
  
analytics	
  as	
  well	
  as	
  web	
  analytics.	
  Use	
  this	
  tool	
  to	
  find	
  the	
  conversion	
  rates	
  of	
  social	
  
media,	
  find	
  out	
  which	
  profiles	
  drive	
  the	
  most	
  engaged	
  visitors,	
  and	
  where	
  your	
  most	
  
popular	
  content	
  is	
  being	
  shared.	
  Tying	
  your	
  social	
  analytics	
  with	
  web	
  analytics,	
  Google's	
  
tool	
  is	
  great	
  for	
  monitoring	
  bounce	
  rates	
  and	
  where	
  traffic	
  and	
  leads	
  are	
  coming	
  from.	
  
	
  
Bit.ly	
  -­‐	
  Bit.ly	
  is	
  a	
  URL	
  shortening	
  and	
  tracking	
  tool,	
  and	
  is	
  useful	
  for	
  more	
  than	
  just	
  giving	
  
you	
  more	
  room	
  in	
  your	
  tweet.	
  With	
  its	
  URL	
  tracking,	
  you	
  can	
  see	
  which	
  links	
  are	
  getting	
  
the	
  most	
  clicks	
  and	
  extrapolate	
  from	
  there	
  why	
  certain	
  links	
  received	
  certain	
  clicks.	
  Was	
  
it	
  the	
  topic?	
  The	
  teaser?	
  The	
  platform?	
  The	
  accompanying	
  picture?	
  Bit.ly	
  allows	
  you	
  to	
  
shorten	
  a	
  link	
  multiple	
  times,	
  so	
  you	
  can	
  conduct	
  testing	
  to	
  find	
  out	
  which	
  social	
  media	
  
marketing	
  methods	
  to	
  the	
  best	
  with	
  your	
  audience.	
  
 
Klout	
  -­‐	
  Looking	
  at	
  up	
  to	
  12	
  social	
  media	
  profiles,	
  Klout	
  measures	
  the	
  influence	
  of	
  your	
  
social	
  media	
  profiles	
  and	
  gives	
  you	
  a	
  score	
  based	
  on	
  the	
  level	
  of	
  engagement	
  you	
  have	
  
on	
  social	
  media.	
  This	
  involves	
  more	
  than	
  posting	
  regularly	
  or	
  simply	
  having	
  profile,	
  as	
  
the	
  score	
  reflects	
  the	
  impact	
  your	
  social	
  media	
  activity	
  has	
  on	
  the	
  rest	
  of	
  the	
  
network/world.	
  It	
  makes	
  it	
  easy	
  to	
  see	
  at	
  a	
  glance,	
  which	
  profiles	
  have	
  the	
  most	
  
engagement	
  and	
  the	
  specific	
  updates	
  that	
  were	
  particularly	
  influential.	
  
	
  
SimplyMeasured	
  -­‐	
  Although	
  SimplyMeasured	
  has	
  more	
  robust	
  reports	
  behind	
  a	
  paywall,	
  
you	
  can	
  access	
  reports	
  that	
  analyze	
  your	
  Facebook,	
  Twitter,	
  Instagram,	
  Google+,	
  
YouTube,	
  and	
  Klout	
  for	
  free	
  (Pinterest	
  and	
  LinkedIn	
  are	
  coming	
  soon).	
  In	
  exchange	
  for	
  a	
  
post	
  to	
  social	
  media	
  about	
  SimplyMeasured,	
  you	
  get	
  the	
  free	
  report	
  about	
  your	
  Twitter	
  
following,	
  your	
  YouTube	
  audience,	
  or	
  how	
  effective	
  you	
  are	
  using	
  a	
  certain	
  network.	
  
What	
  makes	
  SimplyMeasured	
  different	
  from	
  the	
  other	
  social	
  analytics	
  tools	
  is	
  that	
  it	
  
offers	
  reports	
  that	
  compare	
  your	
  social-­‐media	
  marketing	
  to	
  the	
  competition.	
  No	
  one	
  
wants	
  to	
  be	
  outperformed	
  by	
  a	
  competitor!	
  
WAS	
  THIS	
  HELPFUL?	
  SHARE	
  OR	
  CONNECT	
  WITH	
  US	
  ONLINE!	
  
	
  
http://digitalsherpa.com/blog	
  
http://facebook.com/digitalsherpas	
  
http://twitter.com/digitalsherpas	
  
http://linkedin.com/company/digital-­‐sherpa	
  
http://youtube.com/digitalsherpas	
  
	
  
	
  

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Measuring and making sense of your social analytics

  • 1. Measuring and Making Sense of Your Social Analytics Measuring and Making Sense of Your Social Analytics
  • 2. Most  businesses,  by  now,  understand  that  social  media  is  here  to  stay  and  that   maximizing  the  effectiveness  of  these  online  tools  is  key  to  the  success  of  every   business’  marketing  efforts.  For  the  most  part,  building  the  social  media  presence  and   connecting  these  profiles  with  each  other  is  the  easy  part.  The  tough  part  is  making  sure   social  media  is  delivering  the  right  results.  The  only  way  to  do  that  is  through  social   analytics,  through  Facebook  reporting  and  other  tracking  tools  to  provide  the  hard   numbers  on  a  type  of  marketing  that's  still  very  new.   What  are  Social  Analytics?     Social  analytics  are  the  measurements  that  gauge  your  social  impact,  or  the  results  of   your  social-­‐media  marketing.  They  go  beyond  numbers  such  as  Facebook  fans,  Twitter   followers,  retweets,  likes,  etc.  Those  numbers  actually  don't  mean  much,  because  they   don't  reflect  the  return  on  investment  for  your  social  media  efforts.  You  got  a  like,  which   is  great,  but  you  don't  know  how  you  got  that  like  or  what  you  will  get  from  that  like  in   the  long  run.  Social  analytics  serve  as  the  ROI  calculator  for  your  social-­‐media   marketing.  It's  the  way  to  determining  what  all  your  hard  work  has  delivered  to  the   company.     With  social  analytics,  you  can  get  an  idea  of  what  your  potential  customers  are  doing  on   social  media,  what  types  of  content  they  are  engaging  with,  and  figure  out  how  to  use   that  information  to  get  these  potential  customers  to  become  actual  customers.  It's   more  than  gathering  data.  Social  analytics  is  about  gathering  the  right  data  and  then   having  the  right  insights  to  use  in  making  sound  planning  decisions.     8  Statistics  to  Measure  with  Analytics   If  Facebook  fans,  Twitter  followers  and  other  social-­‐media  markers  don't  reflect  social   impact,  what  does?  What  should  social  analytics  actually  measure?  What  sort  of  data   should  be  gathered  and  what  can  be  learned?  Here  are  eight  things  that  social  analytics   measures:   1. Total  Size  of  Community  -­‐  This  is  one  you  could  probably  figure  out  on  your  own   if  you  took  the  time,  but  the  data  is  much  easier  to  track  with  social  analytics.   The  total  size  of  your  community  is  the  total  number  of  followers,  fans,   subscribers,  etc.,  across  all  your  social-­‐media  profiles.  This  holistic  picture  shows   if  you  are  adding  value  through  your  social-­‐media  marketing.   2. Bounce  Rate  -­‐  The  bounce  rate  is  the  percentage  of  visitors  who  leave,  or   bounce  from,  a  page,  without  visiting  a  second  page.  What's  considered  a  good   bounce  rate  depends  on  what  kind  of  page  it  is.  This  may  be  hard  to  gauge  for  a   social  media  profile,  but  can  be  gauged  for  sites  that  a  social-­‐media  update  or   link  might  lead  to,  such  as  a  blog  post  or  a  landing  page.  For  these  types  of  
  • 3. pages,  a  bounce  rate  above  90  percent  means  that  something  needs  to  happen   on  these  pages  get  visitors  to  fill  out  a  form  or  to  click  elsewhere  on  your  site.   3. Visit-­‐to-­‐Lead  Conversion  Rate  -­‐  Two  types  of  conversion  rates  matter,  and  the   first  is  the  visit  to  lead  conversion  rate.  One  of  the  main  reasons  companies  use   social  media  is  to  generate  leads,  and  it's  tough  to  know  if  you  are  doing  that   without  social  analytics.  This  conversation  rate  can  measure  all  leads  generated   from  social  media  or  it  could  be  segmented  for  each  social-­‐media  profile.  Most   companies  won't  have  a  visit-­‐to-­‐lead  conversion  rate  if  they  aren’t  tweeting  or   posting  opportunities  to  convert,  i.e.,  registering  for  a  webinar  or  downloading  a   coupon.   4. Lead-­‐to-­‐Customer  Conversion  Rate  -­‐  This  conversion  rate  may  not  take  place  on   social  media,  but  it’s  still  crucial  to  social-­‐media  analytics  and  it  tells  you  if  social   media  is  bringing  in  customers.  Your  profiles  and  status  updates  may  have  a  ton   of  engagement,  but  that’s  not  the  same  as  generating  leads  from  your  social-­‐ media  marketing.  Turning  those  social-­‐media  leads  into  customers  is  something   else  completely,  and  the  lead-­‐to-­‐customer  conversion  rate  may  be  one  of  the   few  numbers  your  boss  cares  about  when  it  comes  to  the  Facebook  reporting,   dashboard,  social-­‐media  mumbo-­‐jumbo.   5. Sentiment  -­‐  Having  a  ton  of  mentions  on  social  media  is  great,  unless  a  majority   of  them  are  negative.  Your  social-­‐analytics  reporting  ought  to  include  a  reading   on  sentiment,  or  whether  or  not  the  engagement  on  social  media  is  positive,   negative,  or  neutral.  Of  course,  you  want  positive  mentions  to  increase   perpetually,  but  knowing  your  sentiment  measure  allows  your  business  to   respond  properly  to  negative  sentiment  or  thank  someone  for  a  positive   comment.   6. Who  are  Your  Social  Media  Fans/Followers?  -­‐  This  goes  beyond  recognizing   names,  profile  pictures,  and  Twitter  handles.  Social  analytics  needs  to  measure   the  qualitative  data  that  defines  who  these  social-­‐media  people  are  so  you  can   use  that  information  for  better  social-­‐media  marketing  and,  ultimately,  better   all-­‐around  marketing.  For  example,  social  analytics  can  tell  you  the  time  zone  in   which  followers  or  those  who  check  out  your  site  are  located  (which  makes  it   easier  to  time  your  updates)  or  if  the  bulk  of  your  followers  are  in  your  industry   or  like  your  product/service.   7. Where  Did  the  Lead  Come  From?  -­‐  It's  critical  to  know  which  social  networks  or   which  social-­‐media  marketing  tactics  are  driving  the  most  leads.  This  metric  is   better  known  as  referring  traffic,  or  referring  sites.  Obviously,  if  a  lot  of  people   on  Facebook  were  converting  into  leads,  then  you  would  want  to  continue  your   work  there  with  regular  page  updates  and  Facebook  ads  and  other  methods.  If   Facebook  isn't  bringing  in  the  results  you  were  hoping  to  see,  the  next  step  is  to   figure  out  what's  wrong,  or  if  you  are  better  off  devoting  time  and  energy   elsewhere.   8. How  did  Someone  Engage  with  Your  Brand?  -­‐  It's  important  to  know  if  someone   simply  follows  your  brand,  followed  your  brand  after  downloading  something  or   attended  a  webinar,  or  perhaps  connected  with  you  on  social  media  after  first  
  • 4. visiting  your  website.  Each  example  is  at  a  different  stage  of  the  buying  process,   has  different  needs,  and  a  different  level  of  interest  in  your  brand.  Knowing  the   differences  among  them  can  help  refine  your  social  media  marketing.   Why  Have  Analytics  at  All?   Analytics  essentially  help  you  gauge  the  success  of  your  current  social-­‐media  marketing   efforts,  i.e.,  if  you  are  reaching  company  goals.  If  your  company  goal  is  to  generate  leads   through  social  media,  knowing  which  platforms  have  the  highest  levels  of  engagement   and  which  links  are  bringing  traffic  to  your  website  is  incredibly  important.  Having  social   analytics  also  means  you  have  that  much  more  data  to  work  with,  making  it  easier  for   your  brand  to  determine  what  to  do  next,  with  whom,  and  when.     Besides,  where  would  you  or  any  company  be  without  social  analytics?  You’d  be  simply   guessing  at  what  are  working  and  what's  not,  and  using  arbitrary  numbers  and   measurements  to  gauge  success.  Without  social  analytics,  a  company  has  little  way  of   knowing  which  referring  sites  are  driving  the  most  traffic  or  the  most  engaged  visitors,   or  even  what  kind  of  impact  (if  any)  their  social  media  actions  are  having.  Without  social   analytics,  a  company  could  easily  be  throwing  money  away  and  eventually  giving  up  on   social  media  marketing  because  it's  not  accomplishing  company  goals.   Tips  and  Tricks  in  Social  Analytics   Segmentation   If  the  leads  coming  through  Facebook  are  distinctly  different  from  those  coming  from   LinkedIn,  and  different  still  from  those  coming  from  Pinterest,  you  may  want  to  segment   those  leads  according  to  those  sources.  Through  segmentation,  your  lead  nurturing  can   be  much  more  logical  and  targeted  toward  what  drove  the  lead  to  convert  in  the  first   place.  Segmentation  can  also  help  with  finding  characteristics  to  help  build  marketing   personas,  which  can  go  back  to  social  media  in  determining  what  content  you  post   where  and  who  is  supposed  to  benefit  from  said  content.   Don't  Ignore  Search   Search  engines  are  now  emphasizing  profiles  and  evidence  of  "social  proof"  in  results,   (especially  with  the  introduction  of  Google+)  meaning  that  social  media  is  no  longer   separate  from  SEO  and  other  search  marketing  tactics.  A  good  example  of  this  is  Google   Authorship,  which  attaches  a  picture  and  a  profile  of  the  author's  article  to  the  search   results.  Statistics  have  shown  that  articles  with  that  picture  and  profile  get  a  lot  more   clicks  than  those  that  don't.  Bing  is  also  emphasizing  social  proof,  showing  you  which  
  • 5. friends  like  what  you  just  searched  for  or  showing  you  which  people  on  social  media   have  an  interest  in  that  subject.   Conduct  a  Content  Review   Social  media  is  made  up  of  all  the  content  that  is  shared  and  posted.  Your  company   cannot  be  considered  active  on  social  media  unless  content  is  being  posted.  Thus,  it  is   important  to  review  the  content  that  you  post  on  social  media,  considering  quality  and   relevance.  Review  each  piece  of  content  by  monitoring  three  things:  unique  page  views,   time  on  page,  and  total  pages  viewed.  These  three  factors  assess  the  perceived  value  of   the  content  by  your  audience,  as  well  as  the  overall  reach  of  your  social  media  efforts.     Bring  this  Data  into  Other  Parts  of  the  Organization   If  the  awesome  data  you're  getting  from  social  analytics  simply  stays  in  marketing  or   with  your  social-­‐media  manager,  you're  losing  out  on  a  lot  of  potential.  Sales  can   definitely  use  the  social-­‐analytics  data  when  reaching  out  to  individual  leads,  or  even  in   offering  logical  next  steps  for  leads  that  aren't  ready  to  buy.  Customer  service  and   support  can  use  this  information  if  current  customers  continue  to  remain  active  on   social  media.  The  data  can  reflect  the  needs  of  current  customers  and  help  customer   service/support  meet  those  needs.   Social  Analytics  Tools  We  Recommend   There  are  tons,  TONS,  of  social  media  tools  out  there.  How  do  you  choose  among  the   tools,  even  when  it's  hard  enough  to  choose  among  the  social  networks?  Below  is  our   list  of  great  tools,  and  most  of  these  tools  will  work  with  most  social  networks.     Google  Analytics  -­‐  Google  Analytics  is  a  tool  that  most  small-­‐  and  medium-­‐sized   businesses  know.  However,  some  may  not  realize  that  Google  Analytics  offers  social   analytics  as  well  as  web  analytics.  Use  this  tool  to  find  the  conversion  rates  of  social   media,  find  out  which  profiles  drive  the  most  engaged  visitors,  and  where  your  most   popular  content  is  being  shared.  Tying  your  social  analytics  with  web  analytics,  Google's   tool  is  great  for  monitoring  bounce  rates  and  where  traffic  and  leads  are  coming  from.     Bit.ly  -­‐  Bit.ly  is  a  URL  shortening  and  tracking  tool,  and  is  useful  for  more  than  just  giving   you  more  room  in  your  tweet.  With  its  URL  tracking,  you  can  see  which  links  are  getting   the  most  clicks  and  extrapolate  from  there  why  certain  links  received  certain  clicks.  Was   it  the  topic?  The  teaser?  The  platform?  The  accompanying  picture?  Bit.ly  allows  you  to   shorten  a  link  multiple  times,  so  you  can  conduct  testing  to  find  out  which  social  media   marketing  methods  to  the  best  with  your  audience.  
  • 6.   Klout  -­‐  Looking  at  up  to  12  social  media  profiles,  Klout  measures  the  influence  of  your   social  media  profiles  and  gives  you  a  score  based  on  the  level  of  engagement  you  have   on  social  media.  This  involves  more  than  posting  regularly  or  simply  having  profile,  as   the  score  reflects  the  impact  your  social  media  activity  has  on  the  rest  of  the   network/world.  It  makes  it  easy  to  see  at  a  glance,  which  profiles  have  the  most   engagement  and  the  specific  updates  that  were  particularly  influential.     SimplyMeasured  -­‐  Although  SimplyMeasured  has  more  robust  reports  behind  a  paywall,   you  can  access  reports  that  analyze  your  Facebook,  Twitter,  Instagram,  Google+,   YouTube,  and  Klout  for  free  (Pinterest  and  LinkedIn  are  coming  soon).  In  exchange  for  a   post  to  social  media  about  SimplyMeasured,  you  get  the  free  report  about  your  Twitter   following,  your  YouTube  audience,  or  how  effective  you  are  using  a  certain  network.   What  makes  SimplyMeasured  different  from  the  other  social  analytics  tools  is  that  it   offers  reports  that  compare  your  social-­‐media  marketing  to  the  competition.  No  one   wants  to  be  outperformed  by  a  competitor!   WAS  THIS  HELPFUL?  SHARE  OR  CONNECT  WITH  US  ONLINE!     http://digitalsherpa.com/blog   http://facebook.com/digitalsherpas   http://twitter.com/digitalsherpas   http://linkedin.com/company/digital-­‐sherpa   http://youtube.com/digitalsherpas