Chapter 2: Tallying the Bottom Line
In This Chapter
Estimating the cost of customer acquisition
Figuring sales metrics and revenue
Managing and converting leads
Calculating return on investment (ROI)
In this chapter, we deal with business metrics to determine whether you see a return on investment (ROI) in your social media marketing services. In other words, you get to the bottom line! For details on performance metrics for various types of social media as parameters for campaign success, see Book VIII.
By definition, the business metric ROI involves revenues. Alas, becoming famous online isn’t a traditional part of ROI; it might have a public relations value and affect business results, but fame doesn’t necessarily make you rich. This chapter examines the cost of acquiring new customers, tracking sales, and managing leads. After you reach the break-even point on your investment, you can (in the best of all worlds) start totaling up the profits and then calculate ...