What are the methods of calculating ROI on your social media promotions?

It is finally your company's decision to select the methods of calculating the returns on your spent capital according to their objectives. These objectives could vary from generating revenues and offering an unparalleled experience to customers to garnering brand recall. That's why the formula for calculating the returns does not use revenues or earnings at the start and instead employs value. For instance, consumer engagement is deemed one of the most chosen metrics by digital marketing companies in Australia to calculate performance according to a recently concluded survey, as it is by more than 30% of entrepreneurs. On the other hand, less than 20% of individuals employ the conversion benchmark, which implies it is placed in the fourth position. As opposed to engagements, conversions carry a clearly perceptible dollar value with them. But a similar study said that almost 30-35% of individuals think the two most crucial metrics are engagement and brand awareness. You will...