It has to make sense. We can't run around trying to track every single
Key Performance Indicator that we can extract from
Social Media, in a desperate attempt to justify it's use.
It's already justified.
When
social media blew up a couple of years ago, everyone thought it was free. Now I think it's safe to say that most executives have realized it's NOT free.
Qualified manpower, applications for your fan page, blog tools, prizes for contests and
monitoring tools all ads up.
It's a swift of doing business. It shouldn't be treated as normal business, cus it's simply not.
In traditional business you pay 10 euros for marketing and plan on getting 20 back within a short period of time.
Social media is first of all a
complete change of mentality that very few have yet understood. Almost a type of friendship. Like us, belong to us, follow us, check in with us...For what?
The easy way would say, for building a base of people to blast your marketing at.
The different way of doing business model would say - To create a bond. To be human.
To get into their lives and have them let you be a part of theirs.
When we make friends we are humble. We listen to our friends, we don't yell. We invite them for a coffee, and in return they invite us back next time. If they treat us well we invite them for dinner at our house and when they need our help, we are by their side.
Friendship is not about exploiting eachother, trying to get the best and most out of the other person.
And friendship IS a win-win deal at the end.
This is what you want to ashieve as a brand doing business in a new and innovative way. You want to get invited to your customers home (their Facebook wall or Twitter feed), you want them to have your back and be loyal when a competitor offers them a better price. You want them to genuinely like you. Not change you for the first best option.
How do you do that? Be genuin, be nice, don't rush for the sale, be human, always over perform and happily surprise your customer, apologize if you mess up...
A KPI should be
Online Reputation Management. How are people talking about us online?
A KPI should be
engagement metrics, how are people sharing our content online?
A KPI should be
referal traffic to your hub (website)
A KPI should be
returning customers.
The sales come later, and maybe they´re not even direct sales. People are
71% more likely to purchase based on social media referrals. Maybe a person checks you out on twitter and 3 days later makes a sale because they had you in the back of your head, they were familiare with you already.
So do you engagement, be a
brand evangelist, create a champion persona of your brand online, and the rest will come...
