ProSpeak: The Dilemma of Social Media: Staten Island Museum
So, how do we measure our social-media success? Intuitively, one might count the number of posts or, better, the increases in Facebook "likes" and Twitter "followers." Instead, the enthusiastic VaynerMedia team recommended a measure of engagement. Just having many people "liking" your organization or "following" you does not mean they are engaged or have built a relationship with your organization, nor does it guarantee that they will see your posts (an algorithm of past reactions to your posts determines the percentage of your fans that will be exposed to future posts).
Fortunately, Facebook provides some engagement numbers (e.g., virality), and with Twitter one could count favorites and retweets. Unlike the time lag between the placement of a traditional advertisement and consumer reaction, with social media you can measure the effect almost immediately and learn which posts are effective and which are not.
Social media experts like VaynerMedia advocate for as much personalized feedback as possible, and I wonder how to do this cost-effectively when the museum's social-media professional also handles all other marketing and PR, plus helps with special events. Even with the right analytics, the critical question remains, how does all this engagement advance our mission and our organization?
From a financial standpoint, I do not see a great return of investment. Who knows if the kids in their 20s will join the museum in 30 years, and how can we be sure it was because of an interesting tip on Facebook? Of course, some people might donate and come to an event, but does that justify 50 percent of our marketing person's salary?
How much should we invest in Facebook and Twitter? Should we add Instagram to the mix? What about Tumblr and Foursquare? Will we be able to keep our followers if social platforms change? Just think of the ghost town that Myspace is today.