Applying Science to Social Media: Analytics 101

These days, the importance of using social media to connect with customers goes almost without saying. And with a variety of channels to choose from that offer direct access to millions of people at no cost, what’s not to like? Well, for one thing, there’s the issue of measurability. While the barriers to entry are next to none, how can you assess your company’s performance in engaging with all those existing and potential customers? After all, social media doesn’t conform to any of the familiar metrics that we’ve used to evaluate traditional mediums for decades. You can’t sum up your interactions on Facebook or Twitter in terms of rating points or share. Furthermore, what constitutes a good result for one company may not apply for another. What if yours is a service-based business rather than one that sells tangible consumer goods? Or what if you’re charged with managing social media for a ministry or nonprofit? Your standards for success will likely be completely different than those of a for-profit entity. The good news is that there are many tools available to help you gauge the overall health of your Facebook Pages and Twitter accounts. Even if your company doesn’t have the funds or the manpower to devote to managing your social media presence full-time, there are no-cost and low-cost options available to help you wrangle the ambiguous concept of engagement into quantifiable figures.

Free solutions

Let’s start with Facebook. The good folks at Facebook offer very helpful performance metrics via their aptly-named Insights feature, but trying to process this data can be like drinking from a fire hose (and one that changes fairly often) unless you know how to filter what you need from what you don’t. Here are a couple of simple calculations that you can perform to distill this raw data into meaningful information. At any given point in time, you can gauge the basic level of engagement on your Page by dividing the number of Monthly Active Users by the total number of Lifetime Likes. Multiply that figure by 100, and you’ve got the percentage of your fanbase that has interacted with your content in some form or fashion during the past month. Because Insights information is kept private and made available only to a Page’s designated administrators, there aren’t any industry benchmarks against which you can rate how your performance stacks up. However, what you can and should do instead is track your own figures over the course of several months. Is your engagement percentage dropping? Climbing? Holding steady? Keeping an eye on these trends will help you establish benchmarks for your own company and give you a feel for the types of tactics and campaigns that get the greatest response. Beyond that, you can determine whether your content is connecting with users or turning them away by comparing Total Likes to Total Unsubscribes. Divide Total Unsubscribes by Total Likes, then multiply by 100, and you’ll find the percentage of people who’ve left your page. Obviously, the goal here is to achieve as low a percentage as possible. Some unsubscribes are inevitable, but hopefully you’ll be looking at single digits. If your percentage is greater than 10, it’s time to scrutinize your content strategy to see what might be driving people away. What about Twitter? Their native platform is notoriously difficult for data analysis, but fortunately, there are a plethora of third-party toolsets that use Twitter’s API to crank out stats for your account. HootSuite is the platform of choice for many social media managers, largely because in terms of ease of use, they’re hard to beat. Once you get acquainted with the interface, it’s pretty easy to get a snapshot of who’s retweeting your content, who’s talking about you, and who’s asking questions that need your attention. You can either monitor this activity manually or set up reports to be automatically generated to give you a global view of the health of your Twitter presence. And did I mention that their Basic plan is free for up to five social profiles?

Almost-free options

What if you need more flexibility and data-filtering power than the free version of HootSuite offers? Then you might want to check out their Pro plan. A minimal investment of $5.99 per month will get you access to advanced reporting tools that will help you monitor sentiment and track social reach as well as the ability to add an unlimited number of social profiles. TwentyFeet also provides some promising tools at a very low cost, although they’re a much newer company without a proven track record established as of yet. However, unlike HootSuite, they offer tracking for YouTube (along with Twitter and Facebook). You can track one Twitter account and one Facebook user profile (not Page) free of charge, or you can add additional profiles for $2.49 per profile per year. Yep, that’s per YEAR, not per month. That’s a pretty incredible rate for the types of monitoring services they offer. The primary benefit of going the paid route with companies like HootSuite and TwentyFeet is the reporting option. If yours is a smaller company with limited resources, it’s much more efficient to be able to pull reports on demand rather than having to spend a lot of your own time crunching the numbers to gauge your performance.

Better information, better decisions

While this is by no means an exhaustive evaluation of all the available services that can help you track social media metrics, these solid, highly affordable options offer enough data to give you a clear view of your engagement across various platforms. Dive in today, and discover the difference that the insights you glean from these toolsets can make in your ability to guide and direct your company’s social media initiatives.

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Five Often-Overlooked Opportunities to Build Trust with Online Shoppers

Just because the online shopping experience precludes you from cultivating personal, face-to-face relationships with your customers, it doesn’t mean that trust is absent from the equation. In fact, just the opposite is true. Because you don’t have the advantage of engaging with your customers in person, it’s critical that you examine each aspect of your e-commerce process to ensure that you are building and reinforcing trust at every step of the way. Here are five commonly overlooked opportunities to earn the trust of online shoppers:

Transparency

From the time a customer lands on your site until the time their order reaches their doorstep, transparency is key. It’s important to ensure that you address and eliminate all potential concerns upfront. Before your customers even reach checkout, they should know how quickly their order will be processed as well as the range of available shipping options and costs. Give your customers added assurance by providing delivery timetables that are as specific as possible without compromising accuracy. For example, you might guarantee that all orders placed Monday through Friday before noon eastern time will be shipped the next business day, as long as you know that you can live up to this promise without fail. This type of information is mission-critical to shoppers who are making a time-sensitive purchase such as a birthday gift or an outfit for a special occasion. If possible, after an order has been placed, send a follow-up e-mail confirming that the shipment is on its way, and include a tracking number, too. The fewer question marks that arise between the time your customer completes their purchase and the time it arrives in their hands, the more trust you’ll build.

Packaging

When your package lands in your customers’ hands, does it give the impression that someone has taken care to make them feel they are receiving something special that has been handled and shipped with care? Or does it create the feeling that someone in a warehouse grabbed a few things off the shelf, stuck them in a plastic bag and sent them on their way, with no thought about or regard for the recipient on the other end? The quality of packaging can have a great impact on the perception of the quality not only of the product inside but of the overall buying experience. As a result, you shouldn’t think of the cost of packaging as an expense; you should approach it as an investment in earning the trust of your customers. It’s important to go the extra mile to make sure you present your products in a way that protects and enhances the value of your brand. Grove is a great example of a company that has perfected the art and science of packaging. Each handmade bamboo iPhone 4 case, which can be custom-engraved with the customer’s design of choice, arrives encased in a bamboo frame, which is actually created as a byproduct of the production process. This ingenious idea embodies everything the brand stands for – sustainability, quality, craftsmanship and authenticity – while presenting the case itself as a unique work of art.

Follow-up

The process of building trust with online shoppers doesn’t have to end when your package arrives at their doorstep. A follow-up e-mail asking them to rate your products or provide feedback on their buying experience is a simple act of consideration that conveys your genuine concern for their happiness. Netflix frequently sends subscribers e-mails asking them to rate the audio and picture quality of a movie they recently watched or to evaluate their satisfaction with the service they received when they contacted Netflix phone support.

While Netflix undoubtedly cares about measuring the quality of their services, they are also seeking to build and maintain the trust of their customers by demonstrating their commitment to delivering a great experience every time.

Returns

A generous return policy is priceless when it comes to winning the trust of online shoppers. As commonplace as the act of buying products on the Web has become, there is always still a lingering hint of uncertainty that resides with customers because they cannot see, hold and judge an item for themselves before committing to the purchase and paying the associated shipping costs. However, reassuring them that if their item arrives and is not what they expected, they can return it without question and – even better – with free shipping, shows that you are fully dedicated to ensuring their satisfaction. Not only will you build trust but you’ll also give them an added boost of buying confidence that will keep them coming back again and again. Additionally, make sure that your return policies take into consideration what happens when things don’t go exactly according to plan. If you miss your promised delivery date, don’t add insult to injury by creating headaches for a disappointed customer. Instead, win back their trust by expressing your sincere apologies and graciously offering to credit back the original shipping fees and cover the cost of return shipping.

The human touch

Sure, it's okay to automate your e-commerce processes – charging a credit card, sending order confirmation e-mails, scheduling shipments and generating tracking numbers. But throughout every step of the transaction, you must also offer your customers the safety net of being able to talk to a real person. Not only should your customer service number be available, but it should be obvious and omnipresent so that shoppers don’t have to hunt it down. While it’s tempting to bury those digits because the cost of maintaining customer service staff can cut into your profit margins, you must remember that even in today’s Digital Age, nothing builds trust quite like genuine human contact. If you’re not readily accessible to your customers, you’re running the risk of losing their business to someone who is. E-mail and online contact forms are fine options, but they shouldn’t be the only options. Keep building trust and head off the temptation to give up and go elsewhere by making sure your customers can easily make the leap from virtual interaction to personal interaction. In an age when consumers have the luxury of almost unlimited options, you can’t afford to roll the dice with your customers’ trust. Establishing clear, straightforward expectations, demonstrating care and concern for your customers’ satisfaction, following through on your promises and being readily accessible and responsive goes a long way in transforming a casual online shopper into a repeat buyer and a loyal evangelist for your brand.

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