Tag Archive for: social media strategies

How to Measure Social Media ROI

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As one of the top digital marketing channels for businesses, social media is a critical component in your company’s success. Here’s how to engage your network, drive collaboration, stay up-to-date, and share best practices.

Every business should be able to calculate their social media return on investment. By tracking ROI, it shows the monetary value of your social media campaigns. You can double down by using marketing methods that work and avoid ones that dont. Social media is a crucial part to anyone’s marketing strategy if your goal is to drive brand awareness.

Here’s how you can measure your social media ROI and improve your content.

What is Social Media ROI?

When you’re looking to increase your social media ROI, it’s important to know how to calculate the value of your activities.

The calculation is simple: (return – investment made) / investment made X 100 = social media ROI.

If your ROI value is more than 0 percent, it means you’re making money from your campaigns. If it is anything below that, then you are losing money.

ROI calculation depends on your goals and objectives as an organization. Different organizations will have different objectives. There are many social media goals you can choose from. It all depends on your core objective, which could be:

  • New followers
  • Click-through rates
  • Conversions
  • Completed lead generation forms

Metrics Used to Measure Social Media ROI

Your social media strategy is the backbone of your business. Without it, you’re just flailing around in the dark, hoping that things work out.

And they won’t. It’s time to get a plan in place.

  • Engagement – This metric is measured by the level of people interacting with your content and brand. A recent study shows that over one third of executives that create content are using engagement as a way to measure their contents performance. Clicks, likes, shares and brand mentions are all part of tracking engagement for you social media channels.
  • Reach- This metric is measured on views and interactions with your company on social media. Reach can be harder to measure than engagement because it only factors how many people saw your post.
  • Leads – This metric is generated by social media, and it’s important to know which channels provide the most leads and what content drives those leads. The best way to achieve ROI with leads is by linking your campaigns to your activity.
  • Conversions – This metric uses UTM parameters on the links within your posts so you can track clicks by each campaign and platform.

When you have all four of these metrics implemented correctly, it will drive ROI to your business.

Best Way to Track ROI

Once you have your plan laid out and you know which targets you are hitting it is time to set up a system for tracking your ROI. There are so many different types of platforms on the market that do a variety of things for you. The simplest way to do this is by using Google Analytics and setting up goals and event tracking.

Google Analytics is a simple tool to use and their help page provides their users with a step-by-step guide on how to use their program. Most importantly, Onimod Global is a Google partner. Google Partners are online marketing companies, trusted and recognized for exceling with Google’s products.

As more customers use social media to browse, connect and purchase, marketers need to know how social media continuously evolves. No matter what your ROI percentage is, there is always room for improvement. Some last key things to remember are:

  • Understand your audience – make sure you know who is interacting with you and how you can provide them with content that will engage them.
  • Think outside the box – quality not quantity, take time to create interesting and engaging content for your audience.
  • Test and Optimize – fine tune your organic social posts by using new imagery, keywords and headlines.

Last Thoughts

At Onimod Global, our goal is to help you align your content marketing efforts to real business results. Our data-driven content strategies make it easy to understand your audience’s needs, where your competition is winning, and areas where you have an opportunity to lead your industry.

As a Chicago-based, in-house marketing team, we are your partner experts for specific marketing verticals or some nice balance in between. We excel in customer service and will teach you the most relevant and up-to-date digital marketing skills.

Have questions about creating your online presence and need help strategizing? Contact us here today.

How To Effectively Use Hashtags on Social Media

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Promoting your brand on Social Media is paramount nowadays. And hashtags are an extremely effective tool when used correctly. Let’s delve a little deeper into the world of the previous pound sign (#) and how it can captivate audiences in 2022.

Hashtags can be one of the best way to make your content available in other realms of the social media world. The history of hashtags and their origin stem from Twitter and slowly began to grow across the board on other social media outlets.

Here’s a look at how to properly use hashtags to help people find your topics and expand your audience.

What are Hashtags?

By definition a hashtag is a keyword phrase or word preceded by a hash symbol (#). It’s used all over social media nowadays within the body of a post. The purpose of the hashtag is to bring attention to your posts in order to create interaction with new potential followers. When using a phrase as a hashtag, you spell it without spaces i.g. #onimodglobal.

Hashtags can include numbers but it cannot use symbols or punctuations. Beginning middle, or end you can place a hashtag in the body of your social media post or within the comment section. When you utilize this strategy it can help people who don’t follow you to find your content.

Why are Hashtags Important?

Hashtags are important for the sole purpose of your content being found by the right people. By using hashtags that are relevant to your business or the services you provide it can help drive your content to the right people. When this happens, you will have traffic to your content that will in turn boost your views, likes, and shares.

However, using them only makes a difference in your social media strategy when it’s done the right way. Here are some hashtag tips:

  1. Don’t get carried away with hashtags – The number of hashtags you can use depends on which platform you are using. Twitter would be a great example where one to three hashtags will have more of an impact opposed to using lot of them.
  2. Keep hashtags short and memorable – It’s in best hashtag practice that you don’t use a lot of words within a tag. A great example of this would be hashtag activism campaigns. The summer of 2020 was huge for the #BlackLivesMatter movement in America, and is still widely used within social media today.
  3. Don’t choose hashtags that are too obscure – If you choose a tag that no one is going to search for, it won’t benefit your marketing efforts.

Create your Own Hashtag Strategy

Anyone can create their own hashtag strategy. While there are many ways you can go about this, the best way is to choose specific hashtags whenever possible. The more specific you can get, the more likely you are to attract a targeted audience. Another strategy is using capital letters at the front of each word. This clarifies what you are trying to communicate.

Your competition is more than likely already using hashtags within their social media strategy. How successful are they at engaging your mutual audience? Pay attention to how much or how little they use hashtags and what the response is.

A successful hashtag strategy starts with knowing your audience and taking the time to become familiar with what works on each platform. With that knowledge in hand, you will continue to learn what works and what doesn’t, by using hashtags as part of your social media strategy and analyzing your results.

Overall, hashtags are a great tool for communicating with your followers as well as increasing engagement and attracting new customers.

Last Thoughts

Whether you’re new to social media or have been around it for a while, you can greatly benefit from learning a trick or two about hashtags. From Facebook to Instagram and Twitter, you will understand how to drive engagement and extend reach.

More From Onimod Global

Onimod Global releases the latest digital marketing news and essential marketing tips every Tuesday and Thursday! To catch up on the top digital marketing news and trends, click here. If you’re looking for assistance with your content marketing or any other areas of digital marketing, contact us today!

How To Drive Event Engagement With Social Media

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Social media marketing can be a fantastic tool to use in a variety of campaigns, especially in event promotion. This tool has not only changed the ways people promote events, but it has also changed how influencers and consumers can engage with brands and events associated with them. Social media marketing strategies allow for an open conversation between a brand and the consumer, and this is one of the most crucial steps in ensuring a successful event with high engagement.

Whether your event is a corporate event, an influencer party, a festival or concert, social media marketing can be a driving factor in your success if used correctly. Here are several ways you can use social media to drive engagement before, during, and after your event.

 

Pre-Event

 

Content Strategy 

In the initial stages of event planning, you will want to have a rough outline of social media content for the months, weeks, or days leading up to your event. Your company may already have an existing content plan in place for event management, but it is always in your best interest to customize the strategy to your specific event.

Social media content should be centered around the concept of your event, and all of your posts should match the tone, whether that be serious or more creative. Anything you create should also drive consumers to a landing page for sign-ups, donations, or anything related to the promotion of your event. Be sure to include educational pieces about featured speakers, sponsors, and any topics the event will be covering.

 

Influencer Involvement 

Get your sponsors and speakers involved! Most times influencers will be excited to help you push your event on social media, especially if they are a featured speaker. Create graphics and other messages that are easy to share on all social platforms, and also create content specifically related to sponsors that they can easily share as well.

Sharing, in this case, is caring for the success of your event. Be sure that any social content you post and push to consumers is readily available to share among event attendees. Don’t under-estimate the power of social share, this will increase your visibility with little to no cost associated.

A great strategy would be to invite a sponsor or influencer to take over your Instagram account or do a Facebook Live feed. It’s a place for your own followers to get excited about the event that you’re hosting, and it also gives the fans or followers of the influencer a chance to be directed to your page for more information on what they are sharing.

 

The Day-of

 

Vlog

Especially if this is event is annual, creating excitement around the event for years to come will be based out of any content and footage you have from years past. Occasionally, this may not be allowed depending on the privacy or overall tone of the event. However, if your company allows you to do so and it makes sense in your content strategy to create footage for the upcoming years, we absolutely recommend filming as much as possible.

 

Live Stream or Social 

This is an example of a live Twitter feed wall shared by Social Media Today, which are typically big hits at any conference or event. Common tools that will help you build a live-feed for your event are: TweetBeam, Twitterfall, Twubs, and HootFeed from Hootsuite.

 

Live Updates On Your Social Networks

Twitter, Instagram, and Snapchat are perfect platforms for this strategy. A unique content idea you could do at a convention would be to interview guest attendees on your company Instagram or Snapchat story. Tweeting live updates from the event is also a great way to interact with any attendee using the event hashtag that you create. This will allow you to retweet easily, and Instagram also has the new feature of being able to share photos on Instagram stories with credit to the user.

 

Post-Event

 

Gratitude Via Social Platforms

The content strategy doesn’t end at the event, the really successful conventions and events will always take it one step farther. Here are where the opportunities to engage with your attendees with give you the maximum value of social media marketing. Starting with gratitude, it will always go a long way to thank speakers, sponsors, and guests via social media to ensure they know that their presence was appreciated by your company. This will in turn help you build bonds and gain lifetime customers.

 

Creating Promotion For Next Year

Now that you have all of this material and content, it is time for your social team to get to work on compiling a promotion video or more social content for next year’s event. This can include testimonials from this year’s attendees, quotes from speakers and sponsors, and any footage of your guests having a great time!

 

More From Onimod Global

We would love to work with you and help you optimize your social media strategy for any event your company is hosting. To contact our experts or request a quote, please click here. We can’t wait to hear from you!