Analyzing Media Coverage
Both quality and quantity are key metrics in understanding press release effectiveness. It isn’t just essential to track how many media outlets have covered your release; the quality of media coverage also plays a significant role. Some questions you should seek answers to in this case include:
Answering these questions requires gaining access to large amounts of data that results from monitoring mentions in news articles, blogs, social media, and industry publications.
Measuring Website Traffic and Engagement
There’s no point in sending out a press release or developing a press kit if it doesn’t translate into generating traffic on your website or landing page.
Page views and conversion rates can help you keep track of website traffic and engagement. In addition, remember to consider your:
Average time on page: This is a key metric to determining your top-performing web pages. Is your product page generating as much interest as your landing page, for instance?
Average session duration: You may have thousands of people arriving on your landing page every day - but how engaged are they with the content you offer?
Bounce rate: Defined as the number of users who leave your page without interacting with your content or clicking through to another page, your bounce rate is exceptionally effective at recognizing flaws in your strategy.
Scroll depth: Similarly, keeping track of how far down a user scrolls when they land on your website can offer useful insights.
Apart from these indicators, tracking data related to new users and returning users may also be helpful when it comes to your press release effectiveness.
Monitoring Social Media Engagement
We’re in 2023: not making the most of social media at this time is akin to living in the dark ages. It’s therefore critical to measure the reach and engagement of your press release on social media platforms. Some of the key metrics to take into account, in this case, include:
Likes
Shares
Comments
Retweets
Mentions
Furthermore, calculate your press release’s engagement rate — which has proven to be more insightful than simply counting the number of likes - by dividing a post's total number of likes, comments, and shares by the total views or impressions. Then multiply this figure by 100.
This information can help you understand what social media your release is best performing on in order to better determine your campaign's effectiveness.
Evaluating Influencer Engagement
Before you send out your press release, make sure you have already identified your target audience. After the release is published, it’s also essential to measure how many influencers within your target audience have engaged with your content. Once again, this involves monitoring mentions, shares, and comments.
A press release that captures the attention of a few relevant influencers is more valuable than one that reaches a non-relevant user base.
Gauging Audience Sentiment
The main question when assessing a campaign isn’t simply how often to measure your press release coverage, but also how useful the information you are gathering is.
Along with tracking social media engagement regularly, factor in the sentiment surrounding your press release by recording positive and negative comments, and understanding the motivation behind the comments that are hard to decipher.