Social Media Measurement Grows Up
He's found a list from overtone communications of eight metrics you can use to determine, for want of a better word, "influence."
- Number of unique users
- Returning versus new readers
- Referring source statistics
- Links from other sites
- Google PageRank
- The ratio of blog comments to blog posts (where applicable)
- Total time spent on the site
- The popularity of the content itself, which gets the most views
Does your social media strategy accomplish what you intend it to accomplish?
One of the problems with metrics is we often fall into the trap of measuring that which we can easily measure. Each of the metrics above is something we can track, but if you had all the numbers, you'd still have to have someone eyeball them to make sure they are accurate and useful.
Links, comments, time on site, page views, and Page Rank can all be gamed, and in many cases, that's exactly what we try to accomplish. Number of uniques visitors and number of returning visitors is a good measure, but only if those visitors are the ones we're trying to reach. I know how to buy traffic if I just want the IP addresses. In the end, these numbers are only as good as their accuracy, which is why we spend a lot of time refining them.
The problem is most clients don't want accurate numbers. They want useful information. What clients really want one is conversion of uniques to sales, or sign-ups, or regular traffic from unique visitors who click on their ads.
Those are the metrics that matter to a client - and it's a different ball game for specific projects than the corporate branding blog, where measurement is a way of convincing executives that the money and time spent on a social media project is profitable.
So how does Durbin Media Group measure success for our clients? Every one is different. To some extent, we need those top eight metrics. Traffic, comments and Page Rank all make clients happy, but those are short term infusions of well-being. 2 Years of Page Rank improvement with nothing else to show for it won't bring repeat business. It will probably get my client contact fired if that Page Rank doesn't translate into goals achieved.
Here are some contrasts:
Client: Shakadoo.com:
Measure of Success: Traffic, advertising, branding and contacts. Shakadoo is a community of sites about the home. Their goal is to be a go-to destination for people looking to learn more about their homes. Success if measured by traffic gains, which corresponds to unique visitors, feedburner subscribers, and returning visitors. These numbers help them gain the attention of advertisers, who then pay for ads.
So for Shakadoo, the goal is very much the metrics suggested by Overtone Communications.
Client: Flektor.com
Measure of Success: Traffic, Page Rank and Links, but only for a few months. The first step with Flektor was building a platform that connected with a wider community. The more traffic we generated, the more likely people were to use the product. In a short period of time, the goal of traffic would change to that of users. Flektor needs people using their software to make Fleks, and then they need them embedding the final products on other websites and in their MySpace pages. The goal is branding and adoption, not traffic. Where Shakadoo needed eyeballs to generate a high CPM, Flektor needs conversions, which requires a more targeted approach to people most likely to use the software.
The metrics, in this case, would actually distract from the goal, which is adoption of the software. The use of links and referrer logs help us track the use of the software, but it doesn't drive more adoption - that requires a different kind of social media strategy.
Client: RehabCare Group
Measure of Success: Increased knowledge of recruiting, better passive candidate flow.
RehabCare is building a passive candidate blog for use with their college recruiting efforts. PageRank in this case is only relevant to the extent that it improves search terms for popular keywords. Traffic has to be highly targeted, namely the 10-20,000 graduates each year who form the bulk of entry level therapy positions.
The building of a candidate funnel is only half the success. The second aspect is training the four recruiters and campus relations specialists on the use of Web 2.0 recruiting technologies. Teaching staff to integrate social media projects into their work process yields long-term benefits in terms of conversions of candidates to hires, in branding, and in outreach. In some cases, the benefit is as simple as using web calendars to let college students know when the Rehabcare staff is on campus.
That doesn't fit into the metrics at all.
Client: Greer Consulting
Measure of Success: Recognition as Thought Leader In Industry. For this client, the metrics only function in terms of search. The labor management industry is a tight-knit one that isn't much online. Most of the company's competitors, if they even have websites, use them for contact info only. In building a thought leadership blog, the goal is to attract the attention of the press, the web-savvy, and the corporate executives involved in labor negotiations. The use of PageRank only applies in terms of actual SERP's, not the number on the Google Toolbar.
300 links from unrelated sites are of little help, while 5 links from the 5 major sources of information in the labor industry are very desirable.
In this case, the metrics are so targeted they can be tracked on a single sheet of paper and with one use of the Technorati search engine or the referrer logs.
Conclusion:
In social media measurement, we need to track our numbers, but only as it relates to reaching goals. Social media is a tool, not the goal itself. Before beginning a blog, or social networking, or even an e-mail project - determine what you want to accomplish, and use the correct metrics as a tool to measure progress towards those goals.






