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Social Media KPIs to Track for ROI (Not Just Likes or Follows)
Content Introduction
In this video, the speaker discusses the misconception that follower counts are the primary indicators of success on social media. They emphasize that social media metrics should be focused on conversions and client booking rather than vanity metrics like follower counts, likes, and comments. The speaker shares key metrics that truly impact business growth, including profile conversion rates, click-through rates, and engagement that leads to actions. They provide actionable advice on how to improve these metrics to transition from visibility to actual business success. Additionally, the video explains how to calculate important metrics and suggests tips for content that engages audiences effectively. The speaker also promotes a metrics master class for deeper insights and practical strategies.Key Information
- The discussion addresses the misconception that follower count is a significant indicator of success on social media.
- It emphasizes that what truly matters are metrics that lead to sales or client bookings, not just vanity metrics like likes and comments.
- Viewers are guided on how to shift their focus to more relevant business metrics such as profile conversion rates, click-through rates, DMs, and engagement that leads to actionable results.
- The speaker advises on how to track these metrics properly to enhance business outcomes and avoid common tracking mistakes.
- Practical advice is provided on calculating conversion rates, including manual calculation methods for profile conversion and click-through rates.
- The importance of having clear calls to action and engaging content is stressed to ensure potential leads feel ready to connect.
Timeline Analysis
Content Keywords
Follower Count
Follower count does not determine success as much as social media suggests. Effective business metrics focus on conversions, not just followers.
Metrics That Matter
Businesses should track metrics that lead to sales, such as profile conversion rates, click-through rates, and engagement rather than vanity metrics like follower counts.
Profile Conversion Rate
Engagement metrics, like how many profile visits result in followers, are crucial for assessing the effectiveness of business profiles.
Click-Through Rate
The click-through rate is essential for evaluating how effectively your content drives traffic to your links. It can be calculated as a percentage of link clicks over profile visits.
DMS and Engagement
Direct messages (DMS) are indicators of warm leads. A lack of DMS suggests content isn't engaging enough to generate interest.
Content Funnel
A clear content funnel guides the audience towards desired actions, whether following, sharing, or engaging with the content.
Social Media Strategy
A successful social media strategy focuses on actionable metrics that drive business growth, such as conversion rates and engagement metrics.
Metrics Master Class
Offers guidance on effectively tracking and using relevant metrics for business success, including profile conversion and click-through rates.
Social Media Manager Lounge
A community for social media managers to share strategies, access freebies, and templates to enhance their social media management skills.
Related questions&answers
Why don't follower counts matter as much as people think?
What should entrepreneurs focus on instead of vanity metrics?
How can I track my profile conversion rate?
What are some mistakes made in tracking social media metrics?
What is a content funnel, and why is it important?
What are some effective call-to-action strategies?
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