How to Determine the ROI on Your Social Media Accounts

When I’m wearing my marketing consultant’s hat, I’m focused on the return on investment (ROI) for my clients. After all, most are small to mid-sized business owners, entrepreneurs and artists – folks who absolutely need to understand how, when and where their marketing investment is paying off.

Social media often seems like the big question mark in the marketing mix, but it doesn’t have to be. You can track your company’s return on investment in social media marketing just as you would any other digital campaign. The trick is to have the data available from your website, as well as from the social networking website you’re using, and to put into place some smart best practices to help you move ahead.

I’ve written a new article for the website, Routing, detailing just how to do that. I’ve included three simple steps you can take to enact social media ROI tracking and analysis, but of course there are other ways. I’ll share more in the future on this blog and other article.

Read:  Three Simple Steps to Measure Social Media ROI

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