Social Media Metrics to Track in 2023

Social media metrics are mandatory to track and adapt to improve the customer engagement and traffic of a website. It may be a business or e-commerce, this is far important to visible to the users effectively for a better reach. For every new update, we have to update our terms and strategies to be a potential competitor. In this article, we are going to discuss about the metrics that are viral in 2023.

MiaMarch 17, 2023 & 12:30 [IST]

Social Media Metrics to Track in 2023

Did you know that social media allows us to track the efforts which we have put into the campaigns, and each and every detail can be tracked through the metrics of social media? It also provides an amazing possibility to reach the end customer and boost brand engagement.

So, what exactly are the social media metrics?

"The social media metrics is the data which determines how good the social media strategy will perform"

In order to achieve a successful social media campaign, one should know the social media metrics to track in 2023.

1. Your Reach

As the name suggests, reach is simply the number of people who see your content. You can monitor the reach on your posts, stories or video. By tracking the reach of your content, you will be able to understand what kind of content your audience wants to see and what works best for you. The higher your reach, the more chances of you getting leads and sales.


2. Total Impressions

Impressions are the total number of times your content has been seen by your audience. But the important thing must be kept in mind that if a person views your content multiple times, then it is counted as multiple views.

So, if your reach is low and the impressions are more, then your content will be seen multiple times by the same audience.


3. Growth Rate of Your Audience

By growth rate I mean your new followers who are following your brand. You can measure it by looking at the previous followers and your new followers at the end of the month. This can be done by the various tools for measuring the social media metrics. One should always keep in mind the growth rate of followers.

It’s always important for you to know that your followers must have interests in your brand. Having 1000 followers who don’t have any interest in your brand is of no use.


4. Engagement Rate

Your type of content and posts define what your engagement rate would be. The engagement rate is the interaction of your audience with your posts which includes - post likes, comments, shares, mentions etc.

The companies should emphasize on the engagement rate. Most of the social media platforms offer you to see the engagement rate on your posts or content. Low engagement rate always suggests you to rethink about the campaign you are creating.


5. Click Through Rate (CTR)

The CTR or the Click Through Rate defines how many people are clicking your posts and reading them. The CTR is calculated manually by dividing the Total Number of Clicks to the total Impressions on that port, ultimately multiplying it by 100. However, you can also analyse your CTR with the help of Google Analytics.

So, keep in mind that if your CTR is low and the impressions are high, your content is not appealing to the customers. Make a target of achieving High CTR.


6. Social Media Referral Traffic

By monitoring social media referrals, you can determine where users came from before they landed on your website or landing page.

Targeting highly viewed channels will increase conversions and improve his ROI on social media. You can easily check the referral traffic from Google Analytics. In Google Analytics you can easily see the referral traffic from each social media source such as referral traffic from Facebook, Twitter, Instagram and much more.

A quick tip for you is to check which social media channel is giving your more traffic. Which kind of content is performing better than other content.


7. Customer Reviews

Customer reviews is also an important metric which includes reviews of your customers that includes comments, assessments, and negative reviews as well. So, if your customers are happy with the product or services which you offer, the chances are more likely that they will share great experiences with others.


8. Bounce Rate

Bounce rate is the total number of users who clicked on the social media post but quickly left the page without even taking any further actions on it. Make your content engaging and headline great in order to minimize the bounce rate.


9. Conversion Rate

When any user clicks on your post or content, it either converts as your customer or bounces back. This happens when someone clicks on the facebook ad and lands on your webpage.

Well, in this case google analytics makes sure that you get enough information about the conversion of your users. To calculate the conversion rate manually, you can divide the total number of conversions to the total number of clicks and multiply it to 100, to find out the percentage of users converted.


10. Video Completion Rate

If you are making video posts, you can easily find out how many people are watching your videos till the end. It’s a good indicator which indicates that you are making a quality content which is connecting to the customers.


Tools to Track Social Media Metrics

Here are some of the tools which you can use to track social media metrics in 2023

  • Buffer Analyse

  • Sprout Social

  • Google Analytics

  • Hootsuite

  • Zoho Social

  • Rival IQ

  • Cyfe

  • Klear


Conclusion

Dozens of metrics can be tracked. But what really matters is following the metrics related to your goals. Tracking your data consistently can make a ton of insights that can help you improve your social media presence & tracking social media is the only way to improve and report your ROI.

Content is the king. The more you know about your social media activity, the better you can make decisions. It's time to measure the performance of your social media content.


Did you know that social media allows us to track the efforts which we have put into the campaigns, and each and every detail can be tracked through the metrics of social media? It also provides an amazing possibility to reach the end customer and boost brand engagement.

So, what exactly are the social media metrics?

"The social media metrics is the data which determines how good the social media strategy will perform"

In order to achieve a successful social media campaign, one should know the social media metrics to track in 2023.

1. Your Reach

As the name suggests, reach is simply the number of people who see your content. You can monitor the reach on your posts, stories or video. By tracking the reach of your content, you will be able to understand what kind of content your audience wants to see and what works best for you. The higher your reach, the more chances of you getting leads and sales.

2. Total Impressions

Impressions are the total number of times your content has been seen by your audience. But the important thing must be kept in mind that if a person views your content multiple times, then it is counted as multiple views.

So, if your reach is low and the impressions are more, then your content will be seen multiple times by the same audience.

3. Growth Rate of Your Audience

By growth rate I mean your new followers who are following your brand. You can measure it by looking at the previous followers and your new followers at the end of the month. This can be done by the various tools for measuring the social media metrics. One should always keep in mind the growth rate of followers.

It’s always important for you to know that your followers must have interests in your brand. Having 1000 followers who don’t have any interest in your brand is of no use.

4. Engagement Rate

Your type of content and posts define what your engagement rate would be. The engagement rate is the interaction of your audience with your posts which includes - post likes, comments, shares, mentions etc.

The companies should emphasize on the engagement rate. Most of the social media platforms offer you to see the engagement rate on your posts or content. Low engagement rate always suggests you to rethink about the campaign you are creating.

5. Click Through Rate (CTR)

The CTR or the Click Through Rate defines how many people are clicking your posts and reading them. The CTR is calculated manually by dividing the Total Number of Clicks to the total Impressions on that port, ultimately multiplying it by 100. However, you can also analyse your CTR with the help of Google Analytics.

So, keep in mind that if your CTR is low and the impressions are high, your content is not appealing to the customers. Make a target of achieving High CTR.

6. Social Media Referral Traffic

By monitoring social media referrals, you can determine where users came from before they landed on your website or landing page.

Targeting highly viewed channels will increase conversions and improve his ROI on social media. You can easily check the referral traffic from Google Analytics. In Google Analytics you can easily see the referral traffic from each social media source such as referral traffic from Facebook, Twitter, Instagram and much more.

A quick tip for you is to check which social media channel is giving your more traffic. Which kind of content is performing better than other content.

7. Customer Reviews

Customer reviews is also an important metric which includes reviews of your customers that includes comments, assessments, and negative reviews as well. So, if your customers are happy with the product or services which you offer, the chances are more likely that they will share great experiences with others.

8. Bounce Rate

Bounce rate is the total number of users who clicked on the social media post but quickly left the page without even taking any further actions on it. Make your content engaging and headline great in order to minimize the bounce rate.

9. Conversion Rate

When any user clicks on your post or content, it either converts as your customer or bounces back. This happens when someone clicks on the facebook ad and lands on your webpage.

Well, in this case google analytics makes sure that you get enough information about the conversion of your users. To calculate the conversion rate manually, you can divide the total number of conversions to the total number of clicks and multiply it to 100, to find out the percentage of users converted.

10. Video Completion Rate

If you are making video posts, you can easily find out how many people are watching your videos till the end. It’s a good indicator which indicates that you are making a quality content which is connecting to the customers.

Tools to Track Social Media Metrics

Here are some of the tools which you can use to track social media metrics in 2023

  • Buffer Analyse

  • Sprout Social

  • Google Analytics

  • Hootsuite

  • Zoho Social

  • Rival IQ

  • Cyfe

  • Klear

Conclusion

Dozens of metrics can be tracked. But what really matters is following the metrics related to your goals. Tracking your data consistently can make a ton of insights that can help you improve your social media presence & tracking social media is the only way to improve and report your ROI.

Content is the king. The more you know about your social media activity, the better you can make decisions. It's time to measure the performance of your social media content.

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