January 22, 2018

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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.

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About this Author

Stephen Fairley legal marketing expert, law office management

Two-time international best-selling author, Stephen Fairley is the Founder and CEO of The Rainmaker Institute, the nation’s largest law firm marketing company specializing in marketing and lead conversion for small to medium law firms. Since 1999, he has built a national reputation as a legal marketing expert and been named, “America’s Top Marketing Coach.” He has spoken numerous times for over 35 of the nation’s largest state and local bar associations.