The Steps of Measurement
Throughout the entirety of “Measure What Matters” author Katie
Paine explains a seven step process that can be used to measure nearly any
social media tactic. Using this tool it is possible to see the effects of what
you have tried in order to cause a change.
Step one is to define your goals and objectives. Without a goal
you have no direction so it is important to start with this. Knowing what
outcome you are seeking saves time and money because you will not waste it on
strategies that are not centered around your specific goal.
The next step is defining your audience. Figuring out exactly who
you are marketing to is essential, it is impossible to know how to appeal to
people if you do not know who they are. There is a big difference between an 18
year old girl and a 90 year old man so knowing who you are talking to is
important.
After you do this you should define your investment. Figuring out
exactly how much your strategy is going to cost is important, otherwise you
could end up spending more than you should and throw off your entire budget.
Step four is to determine your benchmarks. Just like you need a
control group with an experiment as a basis for comparison, you need a
benchmark to compare your social media efforts to. This shows if you have been
successful or not.
Next comes determining your key performance indicators. This is what
tool you will measure success with, without deciding on these you cannot figure
out how successful you actually were.
After this you need to select the tool you are going to measure
with. It is important to choose the right tool and ensure that it covers everything
you want to measure, you cannot see how successful you were without the right
tool.
The final step is turning data into action. This includes
analyzing your data, making conclusions on the insight you’ve gained and making
recommendations on what you should do next. This step wraps everything up and
helps you glean insight on what changes and goals you should make next.
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