This is the last and final part of ‘How to Expand Digital Marketing Reach despite Decline in Facebook’s Organic Reach’ series.
The only KPI that matters when it comes to social is reach. The sign of an effective digital strategy includes one that optimizes each level of buy cycle. However, a marketer should go beyond Facebook’s metrics like PTAT and count, and venture into optimizing all social efforts for ROI.
The campaign team should report on social referral traffic that comes to the site. The way to know contents that work is by studying posts that help drive many site visits. It is vital to monitor sales and click-through traffic from campaigns to the website by making us of Google Analytics, using UTM parameters for unique links. Tracking sales and ROI can be done to know what’s working if the brand has an e-commerce presence. The cost per subscriber and email acquisition should be done across all social networks.
It is also important to always remember that the value of social media does not lie in just measuring direct responses but leveraging the learning from campaigns to improve performance across the entire spectrum of marketing programs. For example, one may come to know that participants of a social promotion are interested in an offer – addressing this fact; one can include retargeting pixels in campaigns to serve only relevant advertising in order to drive more conversions. Another strategy could be, as a part of social giveaways, capture email addresses and then following up with targeted email offers – to increase response rate by interacting with segmented audiences.
One can learn from social, the content kinds that work with consumers and the subjects that they enjoy interacting about. Then, make use of this knowledge to generate new ideas for campaigns and to allow better crafting of advertisement content/copy and better re-evaluation of merchandising.
Data mining can help make better choices for all programs, increase the buy cycle and eventually drive more revenue for the organization.