How to Measure and Grow your Social Media Reach

Social Reach is the total number of individuals across all social platforms you engage who actively follow (fans, followers, subscribers) your company. For example, a company with 10,000 Facebook fans, 5,000 Twitter followers and 1,000 YouTube subscribers has a total Social Reach of 16,000.

A company’s Social Reach drives the level of benefit for all social media efforts. Most companies are engaged on multiple social channels, but how many social channels are enough? There are no hard and fast rules, but the experts agree that companies should participate in as many social channels as possible - as long as their target customers can be found there and sufficient resources can be dedicated to ensure high-quality execution in all chosen channels.

Jason Falls, principal at Social Media Explorer, explains, “Companies need to prioritize social media channels by how extensively these channels are being used by a company’s target audience. Every company needs to grow their reach - this is the foundation on which to share content over time.”

Andrew Patterson, manager of new media at MLB Advanced Media, says that “the decision on number of social media channels for a company is contextual. What is important is how consistent you are with engaging in a social media channel. You can’t be there one day and gone the next. If you have the resources to be consistent across multiple channels, then by all means do it. But if you spread yourself too thin, you will end up disappointing your fans and followers and jeopardizing your social marketing initiative.”

Social Platforms of Choice

Facebook, Twitter, and the use of landing pages and company blogs are the leading platform choices for brands of all sizes, with a growing number of companies reporting planned integration of YouTube, SlideShare, Flickr and Foursquare in 2011.

Best-in-class companies use three to four social media platforms (e.g. Facebook, Twitter) vs. the average company, which is using less than two social media platforms. Best-in-class companies also have multiple channels within each social media platform as shown in the next two graphs.

Measuring Social Reach

To measure your company’s Social Reach, you need to measure the number of total social profiles you have accumulated across all of your social media platforms.

Use that initial Social Reach to measure your Social Reach Velocity – your Social Reach Velocity is your ability to grow your Social Reach with social marketing over time.

How are you measuring your social efforts?  What platforms prove most effective for you?  Have you ever considered Social Velocity?


PHANTOM POWER
Marketing by Design
www.phantompower.co

15 Key Social Media Analytics Terms

1. Social Reach

The total number of users associated with a brand on different social media platforms.

(For example, a company with 10,000 Twitter followers, 7,000 Facebook fans, 3,000 blog subscribers and 1,000 YouTube subscribers has a total Social Reach of 21,000)

2. Social Reach Velocity

A percentage representing a brand’s capacity to increase its social reach over time.

(For example, if a company’s social reach was 10,000 in January of 2011 and became 15,000 six months later, then it has 50% social reach velocity.)

3. Social Profile

The aggregated shares, comments, and overall brand-related activities of a social media user.

(Social profile examples include: Twitter followers, Facebook fans, RSS subscribers and so forth )

4. Social Conversion

The percentage of visitors originating from social media who take a desired action.

(Examples of desired actions include product sales, downloads, newsletter subscriptions, membership registrations and so forth.)

5. Social Mention

The overall mentions of your brand on social media in a positive/neutral/negative context over a specific period of time.

(SocialMention.com is an excellent tool that offers four important social mention metrics: strength, sentiment, passion and reach)

6. Brand Sentiment

The ratio of positive brand mentions to negative mentions.

7. Share of Voice

Brand share of voice = (total number of mentions of you + your competitors)/ your mentions.

8. Share of Social Conversations

Brand Share of Social Conversations= Social Brand Mentions/All Relevant Conversations

9. Social Media Impressions

The number of users’ reactions to your own content on social media, including retweeting, commenting, sharing and so forth.

10. Optimal Engagement Times

The best times to share content or engage with your network on social media.

(Studies have shown that many social media sites (such as Twitter and Facebook) have peak hours: the times when it’s most effective to share updates or interact with user )

11. Content-to-Contact Ratio

The ratio between a brand content and social network expansion.

(For example, if your content-to-contact ratio is 3:1, it means that for every 3 pieces of content you publish, a new user is added to your social network.)

12. Content-to-Share Ratio

The ratio between your brand content and social network sharing.

(For example, if your content-to-share ratio is 3:1, it means that for every 3 pieces of content you publish, one piece of content is shared on social media channels.)

13. Activity Ratio

The ratio of active members of your brand’s social network versus total members.

14. Bounce Rate

The time it takes site/blog visitors originating from social media to lose interest and leave your site.

15. Targeted Social Traffic

The percentage of social media traffic to your site/blog that results in sales compared to the overall social media traffic.

PHANTOM POWER
Marketing by Design
www.phantompower.co

NOTE: This glossary is not presented in alphabetical order because some terms are related to each other. So, I figured it’s best to order them in a way that will help you understand all of them without having to skim back and forth.