Table of Contents 03 7th Week Feedback Social Media Analytics Compass The compass includes the most essential areas to monitor for your social media channels. It’s impossible to monitor everything on all channels simultaneously, so you’ll need to determine what areas are important for your business and find a tool to provide relevant reports. 1-Audience Size • build your audience.
•Your audience typically grows gradually unless you
use tools or paid advertisement to grow.
•Compare your weekly audience growth vs. your
competitors. Also, keep track of the ‘un-follows’ where possible. 2-Audience Profile • Making sure that you have the right audience profile will be a worthy time investment. •For example, Twitter allows you to run a report to see what types of people (entrepreneurs, marketers, etc.) are part of your profile. •You can use different tools or go for a more traditional approach and conduct audience surveys. 3-Reach and Engagement • Monitor your social reach to see how much of your audience pays attention to your content but don’t respond to it. • Lack of response doesn’t necessarily mean they are not interested and they won’t buy from you. • wrong content or the wrong audience? Types Of Audience • Lurkers–People that monitor what you share but don’t interact. This is usually the majority of your audience. •Influencers–These are people that have access to a larger audience and have the potential of influencing this audience. •Engagers–These are people that are more active in your community and you’ll start recognizing some of the names. 4-Traffic • Typically you will want to generate traffic back to your website from content you share and you’ll need to measure the impact of that traffic. For some companies, traffic itself is enough. • For example, if you are a media site you get paid for advertisements and more traffic means more money! • For the rest of us, it’s crucial to generate leads and sales from the traffic we generate. 5-Content Analysis Creating and sharing content is an expensive task. On a regular basis, you need to analyze your content to see what’s working/not working.\
• Are videos, pictures or text updates working best?
• Do you have the right mix of content? • Are you getting engagement on your questions? • What changes have happened on the platforms that mean you need to change? (e.g. changes to profile images). • You’ll need to monitor this on an ongoing basis. 6-Community Responsiveness
If you’re not responsive to your community they’ll stop
interacting so it’s important to measure this, especially if you are using social media as a customer service channel. The response rates on social media are going to be equally important as those for email support requests 7-Comptitor Benchmarking We should all learn from our competitors as they are probably learning from us! Compare your content to your competitors by monitoring important metrics, including their engagement stats, audience profile, audience size growth, etc. This active monitoring will give you ideas. Things to learn from and things to avoid! 8-Sentiment Analysis
This is where you analyze positive, negative, or neutral
mentions of your brand, product or service. A social media monitoring tool like Brand24 will measure and report on the sentiment of your social mentions. Sentiment analysis tools are not 100% reliable but they can give you a good indicator when there’s a problem.