This week Erica Jordan posted a blog on measuring the success of a social media campaign and evaluating ROI (check Erica's blog out here). First, Erica asked us to determine the "best practices" of high social media performance, followed by the most effective ways to track that performance.
For starters, I honestly believe you could ask five different people what the best practices of high social media performance are, and get five different, but right answers. In Return on Influence by Mark Schaefer, he discussed some things to keep in mind for powering high social media performance, a few of them being having a controversial brand, having a strategy, relevance, keeping it real, and making it shareable (Schaefer, 2012).
In order to have high social media performance, a brand (whether it's a person or company) must actually be something that is sought out on the web, because in order to engage there must actually be an audience to engage with. Having a strategy is probably one of my personal key points on this topic. High social media performance is a goal-if there is no strategy to reach that goal how will you ever expect to succeed? Relevance can be comparable to the first point I mentioned- having a controversial brand. As Schaefer stated "you have to ensure that the product is pertinent to each individual and her audience" (Schaefer, pg. 150). Keeping it real is important ethically-if you don't you can't expect to have a positive reputation or feedback. And finally, making it shareable. High social media performance can be acquired rather quickly these days, if the content is shareable. You never know how many followers or likes can pop up over night just from a few shares.
As far as tracking high social media performance, I believe the most effective ways are through analytics and feedback. How many followers, likes, @tweets, retweets, shares, and analysis of feedback are all indicators on where social media performance stands. As mentioned in Return on Influence, many brands use Klout scores to gauge their social media performance across several social media platforms all at once. Klout scores are much more advanced than basic analytics. They not only include what I mentioned above, but also the probability that the content will be acted on in the future as well as the overall influence you have on the network. Needless to say, they are a great, effective way to track social media performance.
-SB
Reference:
Schaefer, Mark W. (2012) Return on Influence: The Revolutionary Power of Klout, Social Scoring, and Influence Marketing. San Francisco, CA. McGraw Hill.