EDST
Marketing StrategyNovember 28, 2024

Social Media Analytics: The Metrics That Actually Matter

Most social media reports are filled with vanity metrics that don't connect to business results. Here's how to measure what actually matters.

EE
EDST Editorial
9 min read

Most social media reports are exercises in vanity. Impressive-sounding numbers that don't connect to anything meaningful. Follower counts, impressions, reach — metrics that make dashboards look good while offering no insight into business impact.

Here's how to measure social media in a way that actually informs decisions and proves value.

The Vanity Metrics Problem

Common metrics that often mislead:

Follower count. Says nothing about whether those followers see, engage with, or care about your content.

Impressions. Measures potential exposure, not actual attention. Often inflated by platforms.

Reach. Same problem as impressions. Reaching someone's feed isn't the same as registering in their mind.

Total engagement. Without context (engagement rate, sentiment), raw numbers mean little.

These metrics aren't worthless, but they're often overemphasized at the expense of more meaningful measurement.

Metrics That Matter

Focus measurement on metrics connected to objectives:

For Awareness Goals:

  • Share of voice vs. competitors
  • Brand mention volume and sentiment
  • Reach among target audience specifically (not everyone)
  • Video view completion rate

For Engagement Goals:

  • Engagement rate (engagements/followers or engagements/reach)
  • Save rate (strong indicator of content value)
  • Share rate (indicates advocacy)
  • Comment quality and sentiment

For Traffic Goals:

  • Click-through rate from social
  • Website sessions from social
  • Bounce rate of social traffic
  • Pages per session from social visitors

For Conversion Goals:

  • Conversions attributed to social
  • Cost per acquisition from social
  • Revenue attributed to social
  • Conversion rate of social traffic

Attribution Challenges

Social media attribution is genuinely hard:

Multi-touch journeys. Social often influences purchases it doesn't directly cause.

Cross-device behavior. Someone sees content on phone, buys on computer.

View-through conversions. Exposure without click can still influence purchase.

Delayed impact. Social builds awareness that converts weeks or months later.

This means direct-click attribution systematically undervalues social. Supplement with:

Post-purchase surveys. Ask customers how they heard about you.

Brand lift studies. Measure awareness and consideration changes.

Incrementality testing. Compare outcomes with and without social marketing.

Building Your Measurement Framework

Create a framework connecting social metrics to business outcomes:

Define objectives. What is social media supposed to accomplish for your business?

Identify key metrics. Which metrics genuinely indicate progress toward those objectives?

Set benchmarks. What levels of performance would indicate success?

Track consistently. Measure the same things the same way over time.

Report meaningfully. Present data in ways that enable decisions, not just describe activity.

Platform Analytics Tools

Leverage native analytics:

Meta Business Suite for Facebook and Instagram insights.

YouTube Studio for video performance data.

TikTok Analytics for content and audience insights.

Twitter/X Analytics for engagement and audience data.

LinkedIn Analytics for professional audience insights.

Third-Party Analytics Tools

Supplement native tools with:

Social listening tools (Brandwatch, Mention, Sprout Social) for brand monitoring and competitive analysis.

Social management platforms (Hootsuite, Buffer, Sprout) for cross-platform reporting.

UTM parameters for tracking social traffic in Google Analytics.

CRM integration for tracking social touches in customer journeys.

Reporting Best Practices

Create reports that drive action:

Connect to objectives. Every report should tie back to business goals.

Show trends. Point-in-time metrics mean little without context of change over time.

Provide context. Compare to benchmarks, previous periods, or competitors.

Explain why. Don't just report what happened; explain why and what it means.

Recommend action. Reports should lead to decisions, not just awareness.

Measurement done right transforms social media from cost center to proven business driver. The investment in proper analytics infrastructure pays off in strategic clarity and demonstrated ROI.

Social Media AnalyticsMarketing MetricsROI MeasurementData Analysis

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