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Twitter Metrics and What They Tell Us

Some of you have noted from this blog that I am a fan of Twitter and have urged others at Incisive to sign-up and learn how to use it. In fact, my sense of Twitter has changed over the last few months. As an individual I find it a bit frustrating--there's too much spam and self-promotion for my taste. And increasingly I find that there's too little in the way of meaningful discussion. As more people join, it feels like the opportunity for relationship building has been strained, which I think is a real shame. And I am increasingly skeptical about the value of Twitter as a business development tool for law firms and other relationship-oriented businesses.

Nonetheless, Twitter is an increasingly valuable engine for finding information--particularly links--and for driving traffic to websites. I enjoy the recommendations of the people I follow for interesting articles and news analysis, and I believe there is real power from tapping into our Twitter networks for news and business ideas. Most importantly, my theory has been that we can use our growing networks of Twitter followers to drive traffic to Incisive websites, promote upcoming events, and help our audience build contact with our editors and reporters.

Our metrics are beginning to prove out some of those theories. Month-by-month, the traffic we receive to our websites from Twitter sources has been growing, with May traffic up 19% vs. April. The numbers are still small--Twitter traffic is still under 1% of our total pageviews--but that growth rate is impressive, reflecting the increased attention we are paying to posting links and tweets about our work.

More importantly, that traffic appears to be valuable. The web metrics show that those who come to our sites via Twitter stay with us for a full minute longer than the average visitor. And they return to our sites after they leave, improving our "visits per unique user" metric, which we have said is one of the Key Performance Indicators which we want to improve. Customers who stay with us longer and are repeat visitors have greater value to us and to our advertisers.

Interestingly, those who come to our sites from Twitter read fewer pages per visit than our average user. That could be because they are following a link to a specific article and are less interested in traveling around our site. It also could be that they are anxious to get back to Twitter, to continue whatever dialogue they were engaged in or search they were conducting there in the first place. More time on our sites and fewer pageviews per visit means that these Twitter visitors are staying longer on any given page--good news if you are an advertiser and have an ad on that page. And a challenge to us to figure out how to get them to click through to more pages and more information while they are with us.

I don't want to over-state those metrics. As I said above, the amount of traffic coming from Twitter users is still quite low and building it up will clearly take some time. But initial results would say that the Twitter audience has a value to us, and that we should keep testing our approach to see which of our postings work (ie. are clicked on or get retweeted) and which ones don't seem as effective.

I'd be interested to hear from other Twitter users about their experiences, both as individual users and in terms of achieving our editorial and business goals. What are you finding works for you, and what are you doing differently?

If you would like more information on web metrics, contact Grace Yanez at law.com in NY with your questions.

Comments

I share most of your sentiments about Twitter.

Personally, I find Twitter more interesting as a way to connect with peers than a business development tool (not that I have any need for business development). I think it is oversold as a tool for law firm business development

For my website, Twitter is one of the top five referral sources. I don't dive as deep into the data as you do as to what they do when they get there.

Bill,

I would be curious if you have received any feedback from sales people who are using Twitter. How are they using it exactly and in what ways do they think it's helping them sell?

At the British Journal of Photography, we've been using Twitter for nine months now. And it has been an excellent experience so far.

Yes, it has been a big source of referrals. Most months it's in the top 10 of referral sources.

However, the biggest gain it has brought BJP is the ability to build up a community of users around the magazine and the UK world of photography. But, this could only be achieved with a huge involvement on our part in this community. Using Twitter just as a publishing platform is a big mistake too many magazines (our competitors, for example) are making (with "seeding" features). You need to build a persona on any social-networking website, and this can only be achieved by engaging with your "followers" or "fans", answering their questions, reacting to their "tweets", as well as "retweeting" anything you believe would be of interest to your readers, even if it comes from the competitors.

However, I personally believe that tweeting for a magazine should be handled by an editorial person. I have yet to see, sales people twitter effectively for a magazine (any example of the contrary would be welcomed). This might be because Twitter isn't a conventional publishing platform. You cannot make a profit from it or even quantify the benefits, you can just drive people to your site (if your content is interesting to them).

In the end, Twitter is a tool enabling magazines to get closer to their readers. It has already allowed use to break stories no one else had (live tweeting for example) and to build relationships with other companies (which has led to several seminars and debates where BJP was represented).

However, Twitter shouldn't be the only social-networking tool used by magazine. The web is constantly changing, and tomorrow Twitter might go the way of MySpace. The trick is stay ahead of others and jump on new webtools (for example AudioBoo and others).

In my experimentative stage of tweeting, my metric goals are simple--to beat Aric Press in followers. Aric, I'm halfway there. Watch your back, Man! (Loftier goals will come.)

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