You’re in a meeting with your marketing team discussing the performance of your company’s social media community. A new team member suggests tracking the company’s profit margin as a key performance indicator (KPI) for the social media community. How do you respond?
- Agree, detailing a plan to correlate profit margins directly with social media activities.
- Explain that while company profit margin is important, it’s not a direct KPI for a social media community. Instead, focus should be on indicators like number of members, engagement metrics, and referral traffic.
- Suggest that a one-track approach is best, proposing that only engagement metrics should serve as the primary KPI.
- Advocate for the complete disregard of KPIs, as social media communities can’t be quantitatively evaluated.
The correct answer is:
- Explain that while company profit margin is important, it’s not a direct KPI for a social media community. Instead, focus should be on indicators like number of members, engagement metrics, and referral traffic.
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