How to Measure ROI on Social Media: Key Metrics You’re Missing
How to Measure ROI on Social Media: Key Metrics You’re Missing Measuring social media ROI is essential for businesses looking to maximize their digital marketing strategy . While many brands focus on likes and shares, deeper social media metrics provide a clearer picture of performance. Here are key metrics you might be missing: 1. Engagement Rate A high social media engagement rate — including likes, comments, shares, and saves — indicates strong audience interaction and content effectiveness. 2. Conversion Rate Tracking social media conversions , such as purchases, sign-ups, and downloads, helps determine the effectiveness of your campaigns in driving real results. 3. Cost Per Lead (CPL) Measuring cost per lead on social media allows businesses to optimize ad spend and improve targeting for higher-quality leads. 4. Customer Lifetime Value (CLV) CLV measures the long-term revenue potential of customers acquired through...