Wednesday, November 13, 2013

A social media downfall


Social media, it’s trending duh! With so many creative ways to grab facebooker’s and twitterhead’s attention, it has become that main ingredient for any successful product launch. Social media has become the ideal place to get your product’s engines revved, and send them off from the starting line with the most buzz. With the countless unique outputs social media provides, it’s seemingly flawless. But wait! Does all this social media impressiveness result in the increased sales like we desire? Umm, yes? Well prove it!

I knew something had to be wrong, nothing is that perfect! “One of the greatest challenges with using quantitative measures for social media is that not all social media can be tracked… it lacks descriptive information: you know how many are in your audience, but you don’t know who your audience are” (Howard, Mathews, 2013).

 So how do we determine that the campaign ran on social media, reaching all those ears and eyes, will result in a profitable outcome? In social media eyes are usually drawn to the outputs like the hilarious photos or seat edging sneak peaks. But will it increase that chang-a-lang in that big corporate pocket? So before we go off about how social media is the greatest thing to happen in marketing since the billboard first hit those sad empty streets, we need to find out how to measure that outcome.

You can start by making friends with programs that can help you determine the shiny success of your social media. Tools such as Google Analytics, Klout, Wildfire’s Social Media Monitor, and My top Tweet by TwitSprout provide some good insight into the demographics on your social media posts. This is one little birdie you do not want to let go of.

 Now lets see how you would do. Lets take goaheadtours.com, first advertisement displayed on my facebook home page (interesting enough I was just looking at trips to Italy…creeps.), and examine how we would measure its impact on social media. What is the first thing you would do to measure your success on social media if you were goaheadtours.com?

First step would be to define the social media success by establishing clear audiences, goals, and measurable success. Measure social media engagement by tracking the amount of shares and comments it has, but keep in mind that you want to measure influence not popularity. Use your measurements to determine what has and hasn’t worked.

Do you think social media can be a truly measurable market?
Have you found it to be a useful tool when marketing your own products or even yourself?
How could social media be counterproductive and work against you?