How many followers equal critical mass?
Marketing experts are shouting at the top of their lungs that the number of followers doesn’t matter; it’s all about having the right followers. And this is all accompanied by anxious whispers in the office hallways about who has bought their followers and who hasn’t.
Do your number of followers, fans, and subscribers matter?
Well, to some extent.
Here we go:
Critical Mass in Social Media
The number of followers, fans, and subscribers doesn’t matter — to a degree. You could have 100,000 fake followers on Twitter, and it wouldn’t matter if your statistics tell you that 5,000 saw your last tweet because they were all bots anyway.
You could have 16,000 followers like I do, but I’m not as active there as I once was, which the algorithm doesn’t like. The actual number of followers, fans, and subscribers matters very little.
Too many followers, fans, and subscribers can be problematic if your brand loses momentum. If you get 100 Facebook likes per week on average, it’s better to have 50 fans (200% engagement) than 5,000 (2% engagement).
So, all those marketing experts aren’t wrong per se. However, something must be said about a business with too few followers.
Return on Engagement vs Following Size
Suppose a business hires one person to run all its social channels, which costs 2,000€ per week (including taxes, rental fees, content software licensing, etc.). How many followers must this employee engage each week to break even?
There are many ways to attribute value to social media marketing, and the right choice depends on the business.
The most common approach is calculating the alternative cost for the brand’s organic reach. How much would it cost to reach all those people with advertising? This is, in many ways, an outdated (and hated) model, but that’s beside the point for this blog post; the matter is that there are better or worse ways to attribute value to your online marketing efforts — but it’s something that most businesses have to do.
If you have to reach 100,000 people to convert customers to a value of 2,000€ per week, how many fans you have at the beginning of that week matters.
Critical Mass (of Quality Followers)
A brand’s total average organic reach tends to be stable. Social network algorithms change, but usually not that fast.
Engagement rates fluctuate with content quality and competition, but not that much. Most social follower volumes tend to increase, but not that much. Conversion rates vary with traffic quality and UIX, but usually not much.
Whether or not you start the week with a big enough bulk of social media followers, you can (especially with Facebook Zero) pay for some of your weekly reaches. Still, every cent must be earned back into your business with interest — sooner or later.
This allows us to approximate the specific number of followers needed to break even financially. This number is referred to as critical mass.
Assuming that conversion rates and follower reach ratios stay stable, we can approximate the number of followers a brand needs to break even.
Conversions needed to hit break-even / the average follower reach ratio = your brand’s critical mass of followers.
How To Calculate Critical Mass in Social Media
Calculating critical mass is straightforward (and not an exact science). For example:
I’ve estimated that my freelance agency, Spin Factory, needs two quality leads every four weeks to sustain the business. To get this from content- and inbound marketing via social media alone, I need to expose my messaging to 1,200 quality followers weekly.
My social reach is about 8%, meaning I need a base of 15,000 social media followers (15,000 followers x 8% penetration = 1,200 exposures).
Hence, 15,000 high-quality social media followers represent the critical mass for Spin Factory.
Approximating your brand’s critical mass in social media is no exact science — and it’s no guarantee. However, we must make a deeper and more business-critical point about a brand’s critical mass in social media. 1Not all social accounts are equally valuable to a business. For me, blog readers and subscribers far outweigh Facebook and Twitter followers. Unfortunately, not all followers are human beings, and … Continue reading
Your Social Media Strategy Before Critical Mass
Almost every brand that starts on social media will lose money. This is simply because their social accounts haven’t yet reached critical mass. This leads us to the following key insights:
Your Social Media Strategy After Critical Mass
When your organisation has reached critical mass in terms of social media following volume, it’s time to shift gears and change the approach:
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ANNOTATIONS
1 | Not all social accounts are equally valuable to a business. For me, blog readers and subscribers far outweigh Facebook and Twitter followers. Unfortunately, not all followers are human beings, and you should beware of ghost followers, i.e. bots, click farm accounts, automated follower software, etc. Too many fake followers will negatively impact your chances of successfully negotiating social media algorithms. |
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2 | Silfwer, J. (2020, April 21). The Content Themes PR Strategy: Focused Birds Gets Worms. Doctor Spin | The PR Blog. https://doctorspin.net/content-themes-pr-strategy/ |
3 | Silfwer, J. (2022, June 30). Why ROI and PR Mix Like Oil and Water. Doctor Spin | The PR Blog. https://doctorspin.net/roi/ |
4 | Silfwer, J. (2019, August 12). How Ghost Followers Destroy Your Social Accounts. Doctor Spin | The PR Blog. https://doctorspin.net/ghost-followers/ |
5 | Silfwer, J. (2022, September 22). “For Content!” Doctor Spin | The PR Blog. https://doctorspin.net/for-content/ |
6 | Silfwer, J. (2015, March 9). Inbound Shift PR Strategy: Beauty From Within. Doctor Spin | The PR Blog. https://doctorspin.net/inbound-shift-pr-strategy/ |
7 | Silfwer, J. (2021, May 15). Social Media Algorithms and How They Rule Our Lives. Doctor Spin | The PR Blog. https://doctorspin.net/social-media-algorithms/ |