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    Friend, fan or follower: Not all social media connections are created equal

    Measuring your brand's social media equity can be a tricky business. Confronted by the multitude of platforms, buzzwords and measurement tools you might be tempted to simplify both your metrics and your strategies. After all, who's to say that a follower on Twitter is more or less valuable than a fan on Facebook?

    The problem is that as seductive as this urge to simplify may be, it can land you in hot water. Just as in real life, social media relationships come in many forms, and have different sets of rules.

    In order to be clear about how these connections differ, its useful to map them out for yourself. I've taken a crack at it below, using the three most popular social media relationships:
    Fans - people who "like" your brand on Facebook
    Followers - people who follow your brand on a social broadcast platform like Twitter, Tumblr etc
    Friends -people who have added your brand (or brand ambassador) as a friend

    The metrics I'm using here are:

    Cost - how much effort and / or marketing budget is required to establish the connection
    Value - the potential benefit of each connection to brand (anything from clicks to sales)
    Responsibility - how much individual care and attention each connection requires
    Quantity - how many connections can be acquired and maintained by a single brand (this is inversely proportionate to cost)

    Read the full article on www.memeburn.com.

    Source: Memeburn

    Launched in April 2010 by Matthew Buckland, Memeburn is a news and opinion platform tracking tech culture, innovation and business. It plays particular attention to the web, mobile, social media, online media and social networking fields. Key opinion-leaders contribute to Memeburn, providing their insights on the online industry. Subscribe via email or RSS for regular updates. Follow memeburn on Twitter at @memeburn.

    Go to: http://www.memeburn.com

    About Alistair Fairweather

    Alistair Fairweather is a contributor on www.memeburn.com.
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