July 27, 2014

7 Guidelines for Measuring ROI for Law Firm Social Media Marketing

Although many law firm marketers are still struggling with how to successfully measure their ROI on social media marketing investments, most realize the importance of having a success metric in mind. Without setting a benchmark, it is impossible to determine your ROI.

Here are 7 guidelines for successfully measuring ROI on your social media marketing efforts:

1.  Set clear and defined marketing goals (generate more website traffic, opt ins, leads, etc.) and identify the social measurements that support those goals.

2.  Create a logical framework for your measurements and metrics (exposure, engagement, outcome).

3.  Since social media is about fostering relationships, take a long-term approach – treat your social media marketing as an ongoing commitment, not a campaign.

4.  Don’t be afraid to use “soft” metrics that can be directly linked to your marketing goals.

5.  Determine how much a customer who opts in to your database is worth to you.

6. Don’t overlook the value of cost savings that can result from ongoing social interactions that provide insights and information.

7. Use technology to create the capability to measure your customer’s complete digital footprint, in real time.

© The Rainmaker Institute, All Rights Reserved

About the Author

Stephen Fairley legal marketing expert, law office management

Stephen is the CEO of The Rainmaker Institute, the nation's largest law firm marketing  company specializing in lead conversion for small law firms and solo practitioners. Over 8,000 attorneys nationwide have benefited from learning and implementing the proven Rainmaker Marketing System.

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