Though the purpose of an online community may be different for every company, all businesses want to generate results from their community engagement efforts. Once the goals of the community (i.e. customer retention, increased revenue, lower support costs) are clearly defined, it is critical that you have a strategy to track your progress. By tying community performance to business-level goals, companies can increase executive buy-in and prove a more impressive return on investment.
You can do this by tracking the following three metrics:
Metric #1: Audience
Behind every community member is a person. Engagement comes only if companies understand their audience. Take the time to understand the personas that make up your community and address their needs accordingly. This will help you create engagement that is not only beneficial to your audience but will also keep them coming back. Break down your metrics to include:
- Where is the community member in the sales cycle (prospect or customer)?
- What industries is my community attracting?
- What position does the community member have within their company?
- Do I have content to meet the needs of each persona?
Metric #2: Growth
Are your efforts to engage your audience working? You need to track the number of new members and understand why that number is growing or declining. Knowing this number will help you measure the effectiveness of your marketing efforts and engagement strategy. Metrics to monitor include:
- How many new members join the community each week? Each month?
- How many members leave?
- Are new members actively participating?
- What types of members are leaving (i.e., did they participate in the community)?
As a best practice, it is important to regularly assess the health of your community. If membership declines, be proactive. Send an email campaign to previous members requesting feedback. Poll users on a regular basis to identify where improvements can be made.
Metric #3: Activity
Once you understand site traffic, you can analyze community member actions. You can more effectively engage users when you understand their interests and behavior. With relevant content and discussion topics, your community can provide consistent value for the audience and keep them coming back for more:
- What content has the most engagement (i.e. likes, upvotes or comments)?
- What content has the lowest amount of engagement?
- What content topic is the most popular?
- What content topic is the least popular?
- What content is lacking on the site that members are requesting?
- What content type is the most popular (i.e. video, Q&A, etc.)?
Every online community is unique and will have a different process for measuring results. To measure the success of your community, it is important to identify metrics of importance and consistently track the data. Key metrics will not only provide the insight necessary to create strong engagement, but they will also influence community management decisions and enable the community to play a role in achieving business-level goals.