On KPIs and social media…

On this episode, we talk about social media and the KPI conversation. Our argument is that a brand or business needs to first determine what their goals are and then articulate that to their employees and/or vendor partners. They shouldn’t get lost in the weeds on terms like CPM’s and Ad Recall Uplift, they should just define what they want/need to happen and then allow their team to create a gameplan against that.

Let me explain this a bit further. “I want to grow my Instagram followers by 5K” sounds like a KPI but I would push back on that and ask – why, what does that give them specifically? This is a tactic and not a goal. Worth noting:
Goals are at the top and are the macro drivers: 
i.e. Reach 1 million vegan moms
Strategies are one step down and are different tributaries to that goal:
i.e. Facebook Ads, influencer partnerships etc.
Tactics are the small ball, micro executions within strategies:
i.e. Dark posts, influencer giveaways etc.

So growing your IG follower count is a tactic, under the strategy of leveraging the IG Platform and that strategy should feed into a bigger goal. So if that goal is to reach 1 million vegan moms, then we would argue that in today’s IG landscape, harvesting your own follower count is not the best tactic to accomplish that. You are better served by leveraging more paid Instagram work, more integrated collaborations with influencers and even brand collaborations that put you front and center with an audience already established by another like-minded brand.

We are all about KPI’s and ROI, as a way to measure success via social media, but I flip the script and put it on the client to think it thru first. Define the goals, discuss and debate strategies and then let your team execute on different tactics. Tactics will vary and come and go, and strategies will change and modify along the way too, though less frequently.  Goals should remain pretty consistent and be revisited every 6 months.

Don’t make your social media vendor (or any vendor for that matter) or your internal social media team report back on random statistics that add no value.  Tell them where your destination is and let them lead the way to get there. The trip won’t always be straight or perfect, but if all turns are made with the destination always in mind, then you are more likely to get where you were going at the outset.

 

 

 

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