In the business world, you've probably heard the term ROI a bunch of times, maybe even more than you'd like. It's the magic word that tells us how much money investment is making.
However, when we track ROI on social media, there are tons of ways to figure out how you're doing and if it's all worth it. But, here's the deal: not all those numbers are created equal, and they don't always paint the clearest picture.
So, when you're keeping an eye on how your landscaping business is doing on social media, which numbers should you focus on?
Let's dive in and find out together!
Before we dive into the type of metrics that do work when finding your social media’s ROI, let’s find out which ones don’t work.
Vanity metrics are metrics that look impressive on paper but don't necessarily translate into business results. For example, having a large number of followers doesn't mean that they're all engaged with your content or that they're likely to convert into customers.
Here are a few things to keep in mind when tracking vanity metrics:
Think of tracking metrics like a farmer tending to a garden. Just counting the seeds you plant won't reveal how many will sprout and become healthy plants. Instead, focus on measuring the number of plants that sprout, the ones that bloom with flowers, and those that bear fruit.
Similarly, in social media marketing, tracking vanity metrics is like keeping a tally of the seeds you sow. It's important, but it doesn't give you the full picture. So, what should you concentrate on instead? Here are the top three ways to truly gauge your social media marketing performance:
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