Measuring Social Media: Making Impressions into Money

While doing my morning reading I stumbled upon a great question:

Are clicks and impressions still the standard for online advertising success?

As a publisher, are clicks and impressions still the standard for online advertising success? If not, what are you attaching every dollar to? Social media platforms like Myspace, Facebook, and Twitter allow you to spread a message quickly to a captive audience, but what good are 20,000 friends and one million video views if there is no direct dollar amount associated to it? An impression and a click are tied to a dollar, but if you’re not using these as the benchmark then what good is your inventory?

So are clicks and impressions still the standard, or can you convince your CFO that having friends is more profitable?

I’m finding more often that this is a common question, as the traditional marketing methods give way to the more interactive and social mediums. It can all be very confusing (I know, I’ve inspired many MANY headaches), but there are some simple things to know which may clear this confusion up. Read more