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Social Media ROI

May 25th, 2009

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social media roi

Social media is intangible – how do you quantify the ROI of online social tools that are based on human networks and one-to-one (micro) interactions?

Vancouver based consultant, blogger and author, Shane Gibson, recently posted a great podcast that discusses 26 ways to measure social media ROI.

Being Social

What resonates with me is the connection between online social networking and being social in your physical community.

Some people ignore or abandon social media because of its digital nature – they might not view the benefits of online social networking in the same way they see the ROI of being a member at their local Chamber of Commerce.

In my opinion, online social media and face-to-face networking need to be viewed through the same lens. Both involve social interaction, contributing to a community and getting out what you put in -  The only difference being the medium.

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2 Responses to “Social Media ROI”

  1. Social Media ROI is about Conversation not Numbers Says:

    [...] Source: Social Media ROI and The REAL Social Media ROI – Risk of [...]

  2. What is Next For Social Media? Says:

    [...] such as Trendrr, Sprout, Shoutlet and many others will gain momentum and in turn more business, just to make sense of the data and trends of social media. This will force marketing firms to complete their migration into the [...]

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