Engagement rates are the bread-and-butter of social media marketing.
Sure, metrics like impressions, likes, and followers are easy to report on and bring marketers a sense of accomplishment. But engagement metrics like comments, mentions, and shares are what actually tells you whether your social media marketing efforts are paying off or not.
The strange thing is that, despite how important engagement rate is, there’s no standard formula to calculate it.
In this article, we’ll cover what engagement rate actually is and why you should track it, and provide you with 6 foolproof formulas to calculate it properly.