As more companies are starting to understand the impact and relevance of having social media as a viable sector of their marketing plan, CEOs are expecting to see a ROI. Now that your company pages are set up and you have started posting, how do you start to analyze a flurry of likes, re-tweets, fans, demographics, and other data that looks nice on a report, but does not give much insight and lacks accuracy? In a recent survey done by the Harvard Business Review, two thirds of the companies who participated said that they are either currently using social media channels or have social media plans in the works. Nearly one-third did not measure effectiveness and less than one-quarter are using social media analytic tools. So how do you know if hiring an analytic company is right for your business?

Well, this depends on what your goals are for your company. Most starting out will say that they want to gain awareness for their brand. Other companies with a larger client base would say that making sales is the goal. Maybe you just want the inbound links to help raise your website rank in organic search engine results, or perhaps your key objective is to connect with consumers and network with other companies.
Once the goal is established, decide the best way to measure it. If you’re building awareness, a steady incline in Likes and Followers can be a measuring tool. Then again, are these followers in you target market? Does it matter? Are you going to run campaigns and track the results? Do you want to tackle customer service inquiries and manage what people are saying about your brand via your Facebook page?
Overall, there are many social media analytic companies that would jump at the chance to organize all your data and send a perfectly packaged report with a shiny red bow on it. Google Analytics is a useful, free tool, but can be complicated and time consuming to understand. Then there’s analyzing the data and deciding what’s working and what isn’t – that takes skill.
A few questions you should ask yourself when deciding to hire an analytics company are:
- What is my overall budget for social media? Can I afford professional analytics?
- How important of a role does social media play compared to my entire marketing plan?
- Is there someone on my team who is savvy enough to analyze the results we currently get for free?
- What are the major questions I want answered? Do I need professional help to reach the answer?
- In the long run, will the investment in professional social media analytics help our company grow?
In conclusion, yes, having a professional team collecting and analyzing your complied data would be beneficial to any company, but make sure you do your research, as there are many companies available. At Advent, we are our own guinea pig. Everything we do with our clients has already been tested and proven for ourselves. With our SEO services, we can help incorporate social media data so that you have a well-rounded online marketing strategy. With the growth of social media, there will come a time when analytics will be necessary. It’s good to get your feet wet now and start exploring.
Please feel free to visit our website for more information.









