Is your social media content engaging enough? What about your website—is it equipped with the right tools to track leads or measure campaigns? Regularly analyzing how well your social media content is performing, where your website ranks and what your competitors are doing will help ensure your digital strategy is working for you.
What content matters to your business and how do you measure it?
Before you go running to Google Analytics or Facebook Insights, it’s important to know what to measure. Determine which key performance indicators (KPIs) actually matter to your business. B2Cs, for example, often care about engagement and brand awareness. This means measuring social engagement such as likes, shares and comments. B2Bs, on the other hand, put more weight on the clicks, conversions and website traffic coming from social channels.
Analyze the numbers on your website to see where your leads are coming from, when and how they convert and what types of content produce the greatest returns. From there, you can determine what to fine-tune for the best possible performance, and what to discard or modify. You should consider both quantitative and qualitative metrics.
Quantitative factors easier to measure, such as optimal time of day and character count. Qualitative factors are more abstract, like subject matter and sentiment, and can be more difficult to measure. Once you’ve established your KPIs, start with the analysis. Try to find out what times work best for posting your social content. Many social media tools automatically determine this for you, but you can also check manually. For example, look at the top-performing posts based on clicks, and see if you can identify peak engagement by days and hours.
What are your competitors doing?
The next step is to identify your competition and determine which platforms they use. Hopefully, you already have a good idea of your main competitors and their general strategy but with the right tools you can track what keywords they’re investing in, what percentage of the social conversation they claim and how engaging their content is. Identify the competitors with a robust digital marketing program, not only the ones in the same line of business as you.
If your company is looking to grow and gain a digital foothold in the marketplace, your social profiles and website must adapt over time. Evaluate whether your existing profiles are working, what your competitors are doing and whether your website is set up for optimal measurement. If your LinkedIn profile is getting lots of engagement, and your Twitter presence is an active conversation hub, you might not need to do much. But if any of your social accounts are starting to falter or your website is drifting lower in search rankings, it may be time to update your strategy.
Always Be Measuring!
Consistently measuring your social media content, website and competitors will enable you to determine what’s working, where you’re at in your industry in relation to your competition and discover the ways you can take advantage of the new tools in social media and digital communications.
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