You're focused on B2B lead generation. How do you determine the ROI of your social media efforts?
Navigating the ever-evolving landscape of social media can be daunting, especially when your goal is to generate leads for your B2B business. Understanding the return on investment (ROI) of your social media efforts is crucial to ensure that your time and resources are being used effectively. ROI measures the profitability of your investments—in this case, how much revenue your social media campaigns are generating compared to the costs. To calculate ROI, you'll need to track specific metrics that align with your business goals, such as lead conversion rates, cost per lead, and ultimately, sales revenue generated from social media leads.