How should businesses go about measuring the ROI of their social media efforts?

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Richa Arora Arora

Step 1: Define clear social & business objectives. Step 2: Track metrics that align with your objectives. Step 3: Calculate your social media costs. Step 4: Calculate your ROI. Step 5: Create an ROI report that shows the impact of social.
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Step 1: Define clear social & business objectives. Step 2: Track metrics that align with your objectives. Step 3: Calculate your social media costs. Step 4: Calculate your ROI. Step 5: Create an ROI report that shows the impact of social. read less
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Of course, there's no better way to track the ROI from social media than to have a specific monetary value attached to each goal. To get your overall ROI from social, simply divide this number by advertising or employee costs associated with your social media marketing.
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Online Mathematics tutor with 8 years experience(Online Classes for 10th to 12th)

Step 1: Define clear social & business objectives. Step 2: Track metrics that align with your objectives. Step 3: Calculate your social media costs. Step 4: Calculate your ROI. Step 5: Create an ROI report that shows the impact of social.
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Online Mathematics tutor with 8 years experience(Online Classes for 10th to 12th)

Of course, there's no better way to track the ROI from social media than to have a specific monetary value attached to each goal. To get your overall ROI from social, simply divide this number by advertising or employee costs associated with your social media marketing.
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