What’s A Fan Worth [infographic]

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April 17, 2012 by thatsocialmediathing

One way of determining the value that Social Media brings to your business is to know what a fan or follower is worth.

Washing a sample of your database that contact you via Social channels against those who don’t will give you some good insight.

As a general rule (and in my experience), customers who contact you via Twitter or Facebook usually have a higher spend than those who don’t. They may also save you money as they prefer self-service methods (such as online ordering and customer care)

Social Media Chimps (@SMchimps) have a great article that gives a few (extremely awesome) variations on this theme.

Even if you only apply ONE of the ideas in this article – you’re winning!

The real cost of Social Media

 

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thatsocialmediathing

thatsocialmediathing

Hi! I'm Fiona. I'm a Social Media Strategist and spend my days thinking, talking, challenging and doing. I believe in being the change I want to see and when I grow up I want to be me. Come and get chatty with me on Twitter or Linkedin. I hope you find some useful info while you're checking out my blog - thatsocialmediathing.

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