Social costs: The Spredfast dashboard lets users track the reach and efficacy of integrated social media campaigns, including blog posts, Facebook updates, tweets, and Flickr streams.
Social Agency

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Making Money with Social Media

Do blogs and tweets help a company's bottom line? One startup thinks it has the answer.

  • Tuesday, December 29, 2009
  • By Erika Jonietz

In retrospect, 2009 may be viewed as the year "social media" came of age: Facebook passed 350 million active users, Oprah made Twitter mainstream, and LinkedIn introduced a service to help recruiting agencies search the site for job candidates. But using microblogs, photoblogs, user-generated content, and even traditional blogs to interact with customers takes time and money, and some companies still question whether all that effort is doing them any good. So how does a company not only measure the results of its social media efforts but also effectively manage them?

Early in December, Social Agency, a five-person startup based in Austin, TX, launched a Web-based software package called Spredfast that helps companies manage their social media campaigns. The software not only measures audience size and engagement but also allows coordinated planning and automated posting across multiple social media platforms.

Specifically, the Web-based software counts how many people view a company's Twitter, LinkedIn, Facebook, YouTube, and Flickr updates, as well as posts managed by several popular blogging platforms, such as Moveable Type, WordPress, Blogger, Lotus Live, and Drupal. It also measures how the audience is interacting with all this content--for instance, how much they are commenting on posts, clicking on links, or retweeting updates.

The goal, says Social Agency cofounder Scott McCaskill, is to let companies see "whether all the time put into doing those things is really helping build brand or product awareness, which kinds of content are most successful, what days and even times of day result in the most traffic or new followers/friends."

A free version allows a company to manage a single identity or "voice" across each platform. Paid versions let companies coordinate multiple users and voices, and provide a longer data history. McCaskill says the software has had the most success with units of large companies and marketing agencies.

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tracygeo

1 Comment

  • 772 Days Ago
  • 01/02/2010

Billing

Good Post! Wonderful software to track the users coming to our website via networking sites... Here I would like to share few details about a free online tool.

Billing Boss is an online tool that helps you with all your billing requirements. There is no need of downloading and installing as this is not a software. It’s a free online tool which helps you to create unlimited invoices and you could send it to unlimited customers quickly. It helps you to maintain a transparent transaction records.

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mrgeekpatrol

1 Comment

  • 754 Days Ago
  • 01/20/2010

Shoutlet?

Shoutlet has been doing this and more for quite a while.

Radian 6 also has a strong social media monitoring tool for businesses.

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social.punk

2 Comments

  • 742 Days Ago
  • 02/01/2010

Another option

Visible Measures also has a pretty cool tracking and publishing system that tracks results but also helps you better deliver videos. Worth a look if you're interested in this area.

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JNFerree

6 Comments

  • 728 Days Ago
  • 02/15/2010

Measurable Metrics

I'm sure most of your readers know how simple it is to create a Google Alert so you can track a host of web, news and other submissions with Google. When I got the alert this AM on a comment I left on this outstanding Blog, I was pleasantly surprised to see your headline on make money w/ social media.

I wasn't familiar with some of these tracking tools mentioned in your article, so this was a great find and one I will share with my readers at Social Media Marketing Plus and my buddies on the Warrior Forum who will want to know about this as well.

By the by Erika, are you familiar with Amplify?

I suspect Amplify would be appealing to you and many of your readers.

Reply

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