BIGtheme.net http://bigtheme.net/ecommerce/opencart OpenCart Templates
Home / Online Marketing / The ROI of Social Media (Infographic)…

The ROI of Social Media (Infographic)…

When you’re spending lots of time and money on social media, it’s important to know just how much it’s helping your brand.


2 min read


No matter what business you’re in, social media is a necessity. And when you’re spending time and money building your brand’s social presence, it’s important to know whether these efforts are making an impact.

Related: 6 Social Media Monitoring Tools for Managing Your Online Presence

Of course, social media can be tough. But the good news is you’re not alone. A number of professionals admit they don’t know if their social media efforts are actually paying off. According to research by MDG Advertising, 44 percent of CMOs admit they have not been able to measure the impact that social media has had on their business. Not only that, but only 36 percent say they have a good qualitative sense, but not a quantitative one, and a mere 20 percent say they’ve actually managed to quantify social media’s impact. Given these numbers, it’s no wonder marketers say their top challenges are social media related, including difficulty measuring ROI, publishing content and developing a social strategy.

Related: 5 Social Media Tips to Help You Drive Sales

However, with the help of digital tools such as Hootsuite and Google Analytics, tracking social media is a little easier. These tools make it simple to measure engagement, likes and comments. Where people run into trouble though is measuring the actual sales that come from social media. In fact, a whopping 58 percent of brands say they measure engagement but not actual conversions; only 21 percent say they measure conversions.

Related: 4 Tools for Automating and Recycling Social Media Posts

Don’t let these number discourage you though. From increasing exposure to building a loyal fanbase — your social media strategy may be working, but the actual numbers are not quite clear. However, with the right investments, platforms, employees and data, you’ll be well on your way to understanding social media’s full impact on your business.

To learn more, check out MDG Advertising’s infographic below.


Source link

About admin

Check Also

Nothing to See Here? Social Media Marketing for Businesses T…

Images are mandatory for effective social media. Businesses that aren’t made for pictures need to ...

The Future of Social Media Platforms and Ways in Which Busin…

September 26, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. Ever ...

9 Ways to Dominate Marketing in Less Time…

Success often requires getting things done sooner but without cutting corners. September 25, 2018 7 ...

Leave a Reply

Your email address will not be published. Required fields are marked *