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Lessons in social web transformation : 3 ways to manage social media better
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For brands using multiple social networks, how do you calculate the ROI of each ? While a few might differ on the metrics on which social network ROI is measured, By and large these are a few benchmarks on which the social media effectiveness is based
1) time spent on the brand page across social pages
2) referral traffic increase/ page views/ unique visitors
3)clickthroughs to visit the landing page
4)Bounce rate ( users entering and existing from the same page)
5)increase in transactional depth ( likes, sharing or comment
6) Klout Score , which analyses ranks and determines a social media score which is given to each site and gives a ranking of the website’s social friendliness.