Too Many Metrics? Dump These Four
Metrics can be the lifeblood of marketing. After all, measurable campaigns allow you to make needed changes on the fly, resulting in great ROI and profitability of marketing efforts. On the other hand, many aspects of the metric industry are flawed, and there are definitely a few things we can do without. Here are four of those things.
Sentiment Assessment Metrics
It’s not a bad thing to want to grow sentiment toward your social campaigns. The problem is that the ability to produce accurate metrics in this regard simply doesn’t exist yet, and it may never happen. The fact is that most sentiment analytic tools err on the side of the negative. This results in constant pressure on the marketing staff to improve a number that may be bogus to begin with.
Single-Score Metrics Provided by Third-Party Companies
Single-score metrics for social media are not necessarily the problem. The idea is that we look to a third party for this score, and they are trying to develop a single algorithm that works for every business across various industries and other factors. Remember that these scorekeepers can’t always tell the difference between a human and a bot. Is this how you want to determine which of your social followers are the most influential?
Traffic from Social Bookmarking Sites
The problem is that these sites provide little traffic with any value. The more that your metric for social booking traffic goes up, the more your bounce rate will also likely go up. You don’t need a metric to tell you this is bad for your site. Consumers like real social media platforms like Facebook and Instagram. Stick with those, and the traffic you measure will actually be worth something.
Stats Involving Check-Ins
Social sites that invite people to check in are nowhere near as popular as they once were. For example, Foursquare has about 55 million active users, but this stat refers only to people who use the app at least once per month. Facebook’s check-in feature is being all but abandoned.
If you find that you are swimming in metrics, the right ones to dump are the ones that can’t always be accurate or that don’t have any real meaning.