2024 Social Media Benchmarks You Should Use to Guide Your Strategy
How to set social media benchmarks for your brand. Discover the four different types of benchmarks and the best way to come up with meaningful statistics.
Engagement rate is a key metric in social media marketing that measures the level of interaction your content receives from your audience.
Engagement rate is a key metric in social media marketing that measures the level of interaction your content receives from your audience. It’s calculated as the total number of likes, comments, shares, and other interactions divided by the total number of followers, then multiplied by 100 to get a percentage.
This rate shows how much your audience is engaging with your posts relative to your follower count. The higher the engagement rate, the more your followers like your social media posts.
To calculate engagement rate, use this simple formula:
Engagement Rate = (Total Engagements / Total Followers) × 100
For example, if a post receives 50 likes, 20 comments, and 10 shares, and your page has 1,000 followers, your engagement rate would be:
(80 / 1,000) × 100 = 8%
This calculation helps you understand how well your content resonates with your audience.
A good engagement rate can vary depending on social media channel, how often you post, and how many followers you have. Generally, an engagement rate above 1% is considered good, indicating that your audience finds your content appealing and worth interacting with.
According to SocialInsider’s 2024 Social Media Benchmarks report:
How to set social media benchmarks for your brand. Discover the four different types of benchmarks and the best way to come up with meaningful statistics.
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