Can You Measure ROI of Social Media Marketing?

Google Analytics v2.0An online quipster poised the question: “How do you measure the return on investment (ROI) of social media marketing?”  He then answered his own question with “You don’t.”

Fortunately, that’s not exactly true.

As  businesses scramble to set up Facebook, Twitter and MySpace pages, analysts are scrambling to discover how impactful their company’s SMM has been. For some, the answer is “we can’t measure this,” but others believe there are statistics that reflect their SMM’s effect.

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Do You Yahoo! Best Answers?

yahoo answers as a marketing strategyI received an e-mail yesterday that one of my Yahoo! answers was picked as "the best" answer to a question about posting book excerpts on a blog (asked by a non-published author).

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Personal E-mails or an Autoresponder?

3D Realty HandshakeIf you were browsing in a bookstore and the person next to you – - let’s call him Leo – -  picked up a book you had written, you’d probably tell him you were the author, and before long a full-blown conversation would be in the works.

Leo would ask you about writing the book, you’d ask Leo about his interests . . . and a connection between the two of you would be established.  This doesn’t guarantee Leo will buy your book, but it does guarantee he’ll remember you.

Answering potential client e-mails works the same way. While autoresponders are effective tools, I don’t believe they can replace a personalized e-mail when a “Leo” is inquiring about your services. I would rather cut and paste the “canned” info into a personalized e-mail rather than having everyone who asks about my services get an autoresponder response.

Getting personal is part of relationship marketing.

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