One of the more difficult kind of campaigns to measure the ROI for is a social media campaign. Twitter can be included in that.
One of the things that makes Twitter so difficult for measuring ROI is that there is not analytics program that integrates with Twitter for that purpose. At least, there hasn’t been. Not until now.
Twitter has acquired an analytics company, which should make a lot of social media marketers happy. But until Twitter announces that analytics is available for businesses that want to measure their marketing results, we can’t say how effective it is. It may be something that businesses will have to pay for (remember, Twitter is looking for a monetization plan).
But is it important to measure the ROI of Twitter? Understand that Twitter is a tool and you cannot measure its ROI any more than you can measure the ROI of a hammer when building your house. You measure the ROI of strategies, not tools.
When it comes to Twitter, measuring ROI is as important as measuring ROI for anything else. But to do it correctly, you need to first have a strategy. Do you have a Twitter marketing strategy?