What Are Your Social Media Goals?
Most companies are reluctant to enter the social media space because the ROI is a tough nut to crack. Unfortunately for most marketing efforts in the social media space, there isn't a direct correlation from click to purchase or click to action like other forms of online marketing.
SEO, PPC, and media buying have very easily measureable ROI. These goals are very simple: be found -- get person to click -- get person to act.
With social media, it isn't so easy. But new measuring tools like Radian 6 and ClearSaleing are starting to make things a little easier.
There isn't a formula to make sure you're found in the social media space like there is with Google's organic algorithm, or even their PPC algorithm, where everyone can easily see the rules and know how to work within them. With social media, the rules are different for everyone. There are very few rules when it comes to social media, which is why it's hard to gauge ROI on a "standard" basis.
Knowing your audience is vitally important if you plan to venture into social media. When you understand who they are, you can better understand how they function in the social media realm and how to measure your success with your marketing efforts. You can better adjust your marketing strategy and goals by understanding what your audience is doing in the social media communities they're intensely involved in.
Your social media goals will be strikingly different than an SEO or PPC strategy. SEO and PPC strategies are a straightforward "click=action" for success. A person searches for "red shoes" in a search engine, you're listed in organic or paid results for "red shoes" in said search engine, the person clicks on your result, the person sees red shoes on your site, the person buys from your site. That's reaching your goal successfully with SEO and PPC.
If social media were that easy, CEOs and CMOs wouldn't be so hesitant to dump money into strategies. With social media, different goals are defined according to the soc