Applying Science to Social Media: Analytics 101

These days, the importance of using social media to connect with customers goes almost without saying. And with a variety of channels to choose from that offer direct access to millions of people at no cost, what’s not to like? Well, for one thing, there’s the issue of measurability. While the barriers to entry are next to none, how can you assess your company’s performance in engaging with all those existing and potential customers? After all, social media doesn’t conform to any of the familiar metrics that we’ve used to evaluate traditional mediums for decades. You can’t sum up your interactions on Facebook or Twitter in terms of rating points or share. Furthermore, what constitutes a good result for one company may not apply for another. What if yours is a service-based business rather than one that sells tangible consumer goods? Or what if you’re charged with managing social media for a ministry or nonprofit? Your standards for success will likely be completely different than those of a for-profit entity. The good news is that there are many tools available to help you gauge the overall health of your Facebook Pages and Twitter accounts. Even if your company doesn’t have the funds or the manpower to devote to managing your social media presence full-time, there are no-cost and low-cost options available to help you wrangle the ambiguous concept of engagement into quantifiable figures.

Free solutions

Let’s start with Facebook. The good folks at Facebook offer very helpful performance metrics via their aptly-named Insights feature, but trying to process this data can be like drinking from a fire hose (and one that changes fairly often) unless you know how to filter what you need from what you don’t. Here are a couple of simple calculations that you can perform to distill this raw data into meaningful information. At any given point in time, you can gauge the basic level of engagement on your Page by dividing the number of Monthly Active Users by the total number of Lifetime Likes. Multiply that figure by 100, and you’ve got the percentage of your fanbase that has interacted with your content in some form or fashion during the past month. Because Insights information is kept private and made available only to a Page’s designated administrators, there aren’t any industry benchmarks against which you can rate how your performance stacks up. However, what you can and should do instead is track your own figures over the course of several months. Is your engagement percentage dropping? Climbing? Holding steady? Keeping an eye on these trends will help you establish benchmarks for your own company and give you a feel for the types of tactics and campaigns that get the greatest response. Beyond that, you can determine whether your content is connecting with users or turning them away by comparing Total Likes to Total Unsubscribes. Divide Total Unsubscribes by Total Likes, then multiply by 100, and you’ll find the percentage of people who’ve left your page. Obviously, the goal here is to achieve as low a percentage as possible. Some unsubscribes are inevitable, but hopefully you’ll be looking at single digits. If your percentage is greater than 10, it’s time to scrutinize your content strategy to see what might be driving people away. What about Twitter? Their native platform is notoriously difficult for data analysis, but fortunately, there are a plethora of third-party toolsets that use Twitter’s API to crank out stats for your account. HootSuite is the platform of choice for many social media managers, largely because in terms of ease of use, they’re hard to beat. Once you get acquainted with the interface, it’s pretty easy to get a snapshot of who’s retweeting your content, who’s talking about you, and who’s asking questions that need your attention. You can either monitor this activity manually or set up reports to be automatically generated to give you a global view of the health of your Twitter presence. And did I mention that their Basic plan is free for up to five social profiles?

Almost-free options

What if you need more flexibility and data-filtering power than the free version of HootSuite offers? Then you might want to check out their Pro plan. A minimal investment of $5.99 per month will get you access to advanced reporting tools that will help you monitor sentiment and track social reach as well as the ability to add an unlimited number of social profiles. TwentyFeet also provides some promising tools at a very low cost, although they’re a much newer company without a proven track record established as of yet. However, unlike HootSuite, they offer tracking for YouTube (along with Twitter and Facebook). You can track one Twitter account and one Facebook user profile (not Page) free of charge, or you can add additional profiles for $2.49 per profile per year. Yep, that’s per YEAR, not per month. That’s a pretty incredible rate for the types of monitoring services they offer. The primary benefit of going the paid route with companies like HootSuite and TwentyFeet is the reporting option. If yours is a smaller company with limited resources, it’s much more efficient to be able to pull reports on demand rather than having to spend a lot of your own time crunching the numbers to gauge your performance.

Better information, better decisions

While this is by no means an exhaustive evaluation of all the available services that can help you track social media metrics, these solid, highly affordable options offer enough data to give you a clear view of your engagement across various platforms. Dive in today, and discover the difference that the insights you glean from these toolsets can make in your ability to guide and direct your company’s social media initiatives.

---

The Four Motivations to Follow

In the fray of social media, the success of your efforts depends on the strength of your online community. But how do you build your following?

It all comes down to basic human psychology. There are four – and only four – reasons that someone would decide to follow you.

1. They want to define themselves by you.

This is a purely selfish motivation. These people aren’t doing anything for you. They simply want to use you and your brand as a badge to define themselves to their friends, family and other connections.

If I “like” The Office on Facebook, in all likelihood, that’s probably where my engagement ends. I’ve raised a flag. I’ve staked my ground in the camp of people who enjoy The Office.

Do I want to hear from The Office all the time? Do they have anything to offer me in return? Not likely. I’m just participating in the culture of the Web, taking ownership of something I find funny, entertaining and relatable and making it part of my identity through the act of sharing it with my social network.

2. They’re in it for the perks.

These people choose to follow you because you’ve promised them something in return for inviting you into their network.

For example, you might hold a special “Facebook Fan Appreciation Day” when customers who show that they “like” your page get 20 percent off their purchase.

These kinds of fans also love to participate in viral campaigns on Twitter. Offer them free coffee for a week if they can get 100 people to retweet their message with the hashtag “#MochaJoe,” and watch them spring into action.

However, these fans can be a double-edged sword. While they are probably the easiest to win, they can also be the hardest to keep. As much as they might want that free coffee or 20 percent discount, they don’t want to be inundated with a constant deluge of marketing. Their memory of your fun freebie will fade quickly, and takes only the click of a mouse for them to hide you from their feed or to unfollow you once they’ve taken advantage of your initial offer.

To avoid this fate, you must make the most of the opportunity you have as a presence in their feed to build a stronger foundation of trust and permission. Be prepared to follow up your first enticing offer with other meaningful content that they will find useful, interesting or amusing in order to ensure that you remain welcome in their daily social stream.

3. They want to hear what you have to say.

These people have a genuine interest in your message. Your tweets and updates aren’t just unwanted noise in their feed because they value the ideas and information you broadcast.
Of course, this type of following starts with you, not them. Before you can attract these fans, you must build a reputation for consistently delivering great content, whether that takes the form of helpful tips, interesting news, inspiring ideas or even just a reliable daily dose of humor.

Martha Stewart has over two million Twitter followers. These people eagerly anticipate what the queen of “Good Things” will share next, whether it’s photos from her latest adventure abroad, a behind-the-scenes peek at her life on the farm or even a recipe condensed into 140 characters.

4. They support what you stand for.

These people are ready to carry the torch for your cause. Their affinity runs much deeper than just a vote of popularity or an interest in what you’re doing and saying day in and day out on Facebook. They’re publicly proclaiming their membership in your tribe because your core values align with theirs.

Generally, the only entities that can tap into this motivation are nonprofits, ideological movements and individuals who are fighting for the greater good.

If you exist as a company in the for-profit world, it’s almost impossible to inspire this type of following. After all, no one supports Target, BMW or Coca-Cola as a matter of principle. But if your organization is out to change the world, there’s much to be gained from tapping into the passion of a tribe of true believers.

A final word of caution: Just because these four motivations seem simple and straightforward, conquering them is no easy task. In all likelihood, only one or two of these will apply to you. If you can tap into three, you’re a social media superstar. And only the rarest of exceptions can boast a following that spans all four categories.

Whether you are seeking to grow your online community at the local, regional or national level, the key is identifying where your greatest potential lies to harness the motivation that drives your tribe and adding fuel to this fire by building trust, providing value and delivering great content in order to persuade them to jump on your bandwagon.

---