Social Media sites like Twitter, Facebook and Linkedin etc help create a real time buzz for products and services, establish brand reputation and develop a network of like minded individuals and institutions.
Of course, we can leverage these social media and online networking platforms only if we can track, measure and analyze the volume and origin of conversations and potential influencers.
Google Analytics and Webmaster Tools have been updated to allow for easier analysis of social actions on your site, how the social feedback impacts your search traffic, and the details of your more social visitor base.
You can find the social data in two locations: Google Analytics and Google Webmaster Tools.
Social Reports in Google Analytics
Google has created a specific social tracking tag (_trackSocial), which will allow the tracking of most social elements. The updated JavaScript code will track a variety of actions across popular social networks. Facebook shares, likes, and unlikes; Twitter tweets; and Google +1s are all trackable with the updated code.
Beyond seeing stats and figures for social tracking on the whole, users get access to three reports on Analytics:

1. Social Actions gives you a breakdown of the social feedback a page or site has received.
2. Social Engagement lets you see how users who interact socially with your data behave on your site. You can track all standard site behaviour (conversions, time on site, bounce rate, page views, etc.) for the portion of your audience that shared the content.
3. Social Pages lets you examine, at a glance, which pages are getting the most social feedback.
Social Reports in Google Webmasters
Google Webmaster Tools allows you, for a verified site, to look through three new reports:

1. The activity report shows you how many times your pages have been +1’d, from buttons both on your site and on other pages (such as Google search)..
2. The audience report, enabled once you have a significant number of +1s, gives you demographic and geographic data on users who have +1′d your site.
3. The search impact report gives you an idea of how +1‘s affect your organic search traffic. You can find out if your clickthrough rate changes when personalized recommendations help your content stand out.
All the information collected from Google Analytics and Webmaster can be used to make improvements to your social media message, profiles and interaction on a continual basis.
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