Social media is known to all. A media platform that allows you to share multimedia and connect with each other, social media has transformed the use of the internet drastically. Simply put, we have become social butterflies with the rise of social media and it is to this effect that social media has become an integral part of our lives.
This can be easily explained with the help of an example. Imagine you are talking to a stranger on a flight and you want to connect with them. It is without a doubt that you will ask for their social media credentials instead of their phone number. This is because you and your ‘new friend’ will be able to see the lives you lead and your daily activities.
The importance of social media has escalated in such a way in our lives that today we feel isolated if we are not a part of the trending social media platforms like Whatsapp, Twitter, Instagram, and Facebook.
That said, the rise of social media today is inevitable as people have chosen to share their emotions, mood, and ideas on such platforms instead of sharing them with their close ones physically.
What’s more, the arrival of an unprecedented pandemic due to the Covid-19 virus pushed the masses worldwide into their homes. This left them with no choice other than to stick to their mobile phones or laptops and connect with their friends on social media sites.
For over a year, people were communicating and connecting, even surviving with the help of social media platforms.
Moreover, the popularity of social media has grown so much so that millennials have made a career out of social media influencing wherein they portray their daily lives, create influential content, and garner popularity with the help of widespread reach of their social media accounts.
This has turned out to be a full-time opportunity as digital marketing has bloomed as one of the many suitable options for companies and brands to advertise and promote their products.
In a way, the emergence of social media and its increasing use has led to the creation of another parallel world where people are connected the way they used to be in earlier times. The only difference is that everything on social media is virtual.
This has gradually led to companies collecting data on social media users to form the basis of their advertising campaigns and marketing strategies while segmenting their market.
As opposed to the traditional times wherein offline advertising was the key to promoting a product, today companies are choosing to move online by creating a social market presence to establish a brand image.
While this has emerged only to widen the company operations, many other fields like social media analytics have risen out of the blue to help companies and other players in the regulation of the internet to study the use of social media and benefit from it. Let us find out the true definition of social media analytics in the upcoming segment.
Also Read | Marketing Analytics Tools
When companies moved online to create a presence on social media for their respective brands, social media analytics emerged as an essential field to unfold insights in social media to improve the business potential and learn from the performance analytics.
All in all, “social media analytics is the ability to gather and find meaning in data gathered from social channels to support business decisions.”
Let us understand this with an example. Suppose you and your friends are present on social media platforms like Facebook and Instagram. As you communicate with each other, you simultaneously go through other content like sponsored ads or company posts that give you an insight into the company’s product range.
As you like a product, you hit a like on that specific product. Furthermore, if you want to know more about a product, you will search on the internet about the same.
This calls for a concept of analyzing social media trends and a need of social media analytics to help businesses introspect as to what is performing for them and what is not.
However, it is important to understand that social media analytics is more than just likes, comments, and views. It goes much beyond that. Social media analytics also takes into account the reach of a particular account or a post in order to understand the type of audience and the age group that the account is able to reach.
This helps in reflecting on the performance of a particular social media account and optimizing its performance to yield better results in the future.
Suppose, a jewelry brand aims to reach a huge amount of followers on Instagram. For this, the brand will have to create a social media account, post engaging content on their account, and reach out to as many target audiences as possible. This is where the role of social media marketing experts and analysts comes into play.
As social media experts, these professionals are responsible for driving the engagement of a social media account in the right direction and bringing more actors into play such as social media engagement metrics. The same goes for the field of digital marketing as well.
Here is a list of social media metrics to study social media analytics you need to track to optimize your performance:
Impressions - When it comes to SMA, the most important metric to look for is impression. Impressions refer to the number of times a particular content is shown to users across social media platforms. It is a significant metric as a single user can lead to 1000s of impressions.
Audience Growth Rate - The next metric is the audience growth rate which measures the speed at which your followers grow. The audience growth rate essentially indicates the kind of performance your account is giving to its followers which certainly leads to more or fewer followers.
This is one of the most important metrics to track as it also demarcates the engagement of your account.
Reach - Reach, as commonly discussed and known, refers to the number of users who are viewing your content.
The reach of a particular social media account is very important as it indicates how often your account is reaching out to the audiences, whether they are a part of the target audience or not.
Click-Through Rate - Imagine a user viewing your content and wanting to find more about it. The moment the user clicks on a website or a link, it converts into a click-through.
The click-through rate seo, another SMA metric, defines the percentage of times users click on the links or your website to know more about your product/brand.
This rate is calculated by dividing the number of clicks on your link by the number of impressions.
Bounce Rate - Yet another SMA metric that all social media marketers must take care of is the bounce rate. The bounce rate refers to the proportion of users who view your page and exit without clicking on any other icons or pages.
A high bounce rate is a direct indicator of the percentage of users who choose to not engage in your page as they lose interest.
Also Read | Internet Marketing Strategies
The importance of social media analytics is immense in the millennial era. As social media platforms are becoming more and more accessible to the masses worldwide, the benefits of social media analytics are worth discussing.
Benefits of Social Media Analytics
One of the biggest benefits of social media analytics is the positive digital footprint that it induces among brands to boost their social media presence across worldwide users.
As brands employ numerous social media strategies, SMA tools only help them to create a positive digital footprint in order to establish brand recognition and attract more users on a day-to-day basis.
With social media analytics, brands can successfully strategize their metrics and look forward to more competitive performance in the future ahead.
Another benefit of SMA is that it allows you to uncover your weak areas and work on them. In addition, it potentially enables you to optimize your social media performance with the latest trends and user interests so that you are at the top of your game.
That said, many social media analytics tools let you spot your strengths and weaknesses while creating future content. This involves studying SMA metrics carefully and measuring the individual performances of stories, personal contact, stories, or even reels in the case of Instagram.
The third benefit of social media analytics is that it lets you hit the right target by optimizing your performance.
As soon as it lets you study your weaknesses and strengths, SMA makes it easy for you to develop new strategies and tweak them to your own benefit so that you succeed in gaining traction across your social media account.
This calls for first laying out your target marketing goals, identifying their interests, and strategizing your account to gain their trust. This is how businesses can easily analyze their social media performance and gain a lot from it.
This is how social media analytics widely benefit social media businesses to widen their reach, increase their audience growth rate, and reduce the bounce rate of their account.
More than anything, they let you inside the detailed performance with respect to your own social media account. This is a very big benefit for any social media account looking to expand and broaden its reach worldwide.
Even though there are many benefits of SMA, these 3 are majorly applicable for all social media accounts irrespective of their niche or target audiences.
Also Read | How Hashtags Work on Social Media Platforms
The future of social media and henceforth, that of social media analytics is about to rise and expand in the coming years.
As more and more people are becoming a part of such platforms, user data is becoming the key for businesses to unlock their goals and benefit from the social media users and their precious ‘likes, comments, and shares’.
While social media analytics will continue to percolate deep down the world of social media to procure essential performance metrics, it will simultaneously create a more supervised virtual world that is full of surveillance and business tactics.
5 Factors Influencing Consumer Behavior
READ MOREElasticity of Demand and its Types
READ MOREAn Overview of Descriptive Analysis
READ MOREWhat is PESTLE Analysis? Everything you need to know about it
READ MOREWhat is Managerial Economics? Definition, Types, Nature, Principles, and Scope
READ MORE5 Factors Affecting the Price Elasticity of Demand (PED)
READ MORE6 Major Branches of Artificial Intelligence (AI)
READ MOREScope of Managerial Economics
READ MOREDijkstra’s Algorithm: The Shortest Path Algorithm
READ MOREDifferent Types of Research Methods
READ MORE
Latest Comments
debbiearnold722
May 29, 2022I am out here to speed this good news to the entire world on how I got help from Dr.Kachi a great lottery spell caster that will help you cast a lottery spell and give you the rightful numbers to win the lottery, I didn't believe it, at first but as life got harder i decided to take a try, I spend so much money on tickets just to make sure I win. until the day I met Dr KACHI online, which so many people have talking about that he is very great when it comes to casting lottery spell, i wasn't sure about it all but i just gave it a trial, behold it was like a magic i won the lottery with the numbers he gave to me. Dr. Kachi is a really trustful person worthy and reliable, i am sharing this to you who have been finding it so hard to win the lottery, Thanks you Dr. Kachi who helped me contact email drkachispellcast@gmail.com OR WhatsApp number: +1 (570) 775-3362 by Website, https://drkachispellcast.wixsite.com/my-site
righteva05
Sep 23, 2022ARE YOU IN NEED OF HELP TO SOLVE YOUR INFERTILITY PROBLEM OR GET PREGNANT? contact Dr. LUCAS Miracle Center on this email (miraculouscentre@gmail.com) I'm Wright Eva from the USA, I have been trying to get pregnant for 6 years and I needed help! I have been to different hospitals and Doctors. The doctors always say that my husband and I are fine and I don't know where else to turn. Until one day an old friend introduced me to this great spell caster who helped her to get her lost husband back with a love spell and also made her pregnant, So I decided to contact this spell caster Dr. Lucas on his email (miraculouscentre@gmail.com) after interaction with him he instructed me on what to do, after then i should have sex with the my husband or any man I love in this world, And i did so, within the next one months i went for a check up and my doctor confirmed that i am 2 weeks pregnant with two babies. I am so happy!! If you also need help to get pregnant or need your ex back then contact his email address: miraculouscentre@gmail.com Or through his Website: https://miraculouscentre.wixsite.com/my-site-1 You can also message Him through his private What's App Number +15302120104. My Blog: https://righteva05.blogspot.com Facebook Page https://web.facebook.com/miraculouscentre
Alex Stephen
May 30, 2022Get your ex husband/wife back Quickly & Permanently. My name is Shannon Mattingly from USA. My husband left me for another woman. The most painful thing is that I was pregnant with our second baby. I wanted him back. I did everything within my reach to bring him back but all was in vain, I wanted him back so badly because of the love I had for him, I begged him with everything, I made promises but he refused. I explained my problem to my friend and she suggested that I should rather contact a spell caster that could help me cast a spell to bring him back , I had no choice than to try it. I messaged the spell caster called dr unity, and he assured me there was no problem and that everything will be okay before 11 hours. He cast the spell and surprisingly 11 hours later my husband called me. I was so surprised, I answered the call and all he said was that he was so sorry for everything that had happened He wanted me to return to him. He also said he loved me so much. I was so happy and went to him that was how we started living together happily again.thanks to dr unity . if you are here and your Lover is turning you down, or your husband moved to another woman, do not cry anymore, contact Dr.Unity for help now.. Here his contact...WhatsApp: +2348055361568 , Email: Unityspelltemple@gmail.com , website:http://unityspelltemple.website2.me
Alex Stephen
May 31, 2022Get your ex husband/wife back Quickly & Permanently. My name is Shannon Mattingly from USA. My husband left me for another woman. The most painful thing is that I was pregnant with our second baby. I wanted him back. I did everything within my reach to bring him back but all was in vain, I wanted him back so badly because of the love I had for him, I begged him with everything, I made promises but he refused. I explained my problem to my friend and she suggested that I should rather contact a spell caster that could help me cast a spell to bring him back , I had no choice than to try it. I messaged the spell caster called dr unity, and he assured me there was no problem and that everything will be okay before 11 hours. He cast the spell and surprisingly 11 hours later my husband called me. I was so surprised, I answered the call and all he said was that he was so sorry for everything that had happened He wanted me to return to him. He also said he loved me so much. I was so happy and went to him that was how we started living together happily again.thanks to dr unity . if you are here and your Lover is turning you down, or your husband moved to another woman, do not cry anymore, contact Dr.Unity for help now.. Here his contact...WhatsApp: +2348055361568 , Email: Unityspelltemple@gmail.com , website:http://unityspelltemple.website2.me
celineles356
Sep 05, 2022I Have Never In My Life Believed In Spells before But Now It Has Just Helped Me get back my broken relationship of 3years back I Am Now So Happy for this help. All Thanks To Him And If You Also Want To Have Your Husband Back To Yourself Here !! His Email Address; Dromokpo@Gmail.Com, I Am So Happy To Testify Of his Work And Kindness.
righteva05
Sep 23, 2022ARE YOU IN NEED OF HELP TO SOLVE YOUR INFERTILITY PROBLEM OR GET PREGNANT? contact Dr. LUCAS Miracle Center on this email (miraculouscentre@gmail.com) I'm Wright Eva from the USA, I have been trying to get pregnant for 6 years and I needed help! I have been to different hospitals and Doctors. The doctors always say that my husband and I are fine and I don't know where else to turn. Until one day an old friend introduced me to this great spell caster who helped her to get her lost husband back with a love spell and also made her pregnant, So I decided to contact this spell caster Dr. Lucas on his email (miraculouscentre@gmail.com) after interaction with him he instructed me on what to do, after then i should have sex with the my husband or any man I love in this world, And i did so, within the next one months i went for a check up and my doctor confirmed that i am 2 weeks pregnant with two babies. I am so happy!! If you also need help to get pregnant or need your ex back then contact his email address: miraculouscentre@gmail.com Or through his Website: https://miraculouscentre.wixsite.com/my-site-1 You can also message Him through his private What's App Number +15302120104. My Blog: https://righteva05.blogspot.com Facebook Page https://web.facebook.com/miraculouscentre
Arthur
Nov 05, 2022What can I say to you Dr Ayoola for what you have done for me, I’m here to say thank you Dr Ayoola, I’m a man that love playing Lottery. I have been playing lottery for over 15 years now and I have not won any good money because of the way my life was, I was having challenges in my financial life I was owning a lot of people around me because of what my wife put me through and don’t know what to do, I was confuse and frustrated I didnt know what to do, I was just researching on how I can win lottery when I got so many testimonies from people that Dr Ayoola has helped in the past and they were able to win a good money with the help of this man call Dr Ayoola I was overwhelmed and I contacted him as well for help I was so surprised he got back to me saying he will help me, that was how we started working together he promised me that I will win which I believe because of the way he spoke to me, today I’m here to tell the world that I’m a living testimony of his good works. Dr Ayoola helped me to win the sum of 50 million euro I was shocked because I have been playing this same lottery for over 15 years, Dr Ayoola was God sent to me I’m here testifying about him for you to know just in case you want help so you can contact him as well via email drayoolasolutionhome@gmail. com or https://www.facebook.com/Dr-Ayoola-105640401516053/ website Drayoolatemple. com text or call +14809032128
lennonderrick64
Apr 26, 2023I have been suffering from (HERPES SIMPLEX VIRUS) disease for the past four years and had constant pain, especially in my private parts. During the first year, I had faith in God that i would be healed someday. This disease started circulating all over my body and I have been taking treatment from my doctor, few weeks ago I came on search on the internet if I could get any information concerning the prevention of this disease, on my search I saw a testimony of someone who has been cured from (HERPES VIRUS) by this Man Dr. harry and she gave the email address of this man and advise we should contact him for any sickness that he would be of help, so I wrote to Dr. harry telling him about my (HERPES VIRUS) he told me not to worry that I was going to be cured!! hmm I never believed it,, well after all the procedures and remedy given to me by this man few weeks later I started experiencing changes all over me as the Dr harry assured me that I have been cured, after some time I went to my doctor to confirmed if I have be finally healed behold it was TRUE, So friends my advice is if you have Any Type of Sickness Or Relationship Problem contact Dr. HARRY Email:: (drharrysolution@gmail.com Or What'sApp:: +2349036417079 . website https://drharryherbaltempl.wixsite.com/solutiontemple
lennonderrick64
Apr 26, 2023I have been suffering from (HERPES SIMPLEX VIRUS) disease for the past four years and had constant pain, especially in my private parts. During the first year, I had faith in God that i would be healed someday. This disease started circulating all over my body and I have been taking treatment from my doctor, few weeks ago I came on search on the internet if I could get any information concerning the prevention of this disease, on my search I saw a testimony of someone who has been cured from (HERPES VIRUS) by this Man Dr. harry and she gave the email address of this man and advise we should contact him for any sickness that he would be of help, so I wrote to Dr. harry telling him about my (HERPES VIRUS) he told me not to worry that I was going to be cured!! hmm I never believed it,, well after all the procedures and remedy given to me by this man few weeks later I started experiencing changes all over me as the Dr harry assured me that I have been cured, after some time I went to my doctor to confirmed if I have be finally healed behold it was TRUE, So friends my advice is if you have Any Type of Sickness Or Relationship Problem contact Dr. HARRY Email:: (drharrysolution@gmail.com Or What'sApp:: +2349036417079 . website https://drharryherbaltempl.wixsite.com/solutiontemple