We extracted the following metrics from CreatorDB’s database to address the most pressing question in the influencer marketing industry:
“Can engagement rate predict social media growth?“
But first of all, what is the engagement rate?
In social media, engagement rates can help to measure the level of interaction between influencers and their followers.
If the engagement rate is high, it means that the influencer’s audience is willing to engage with the content, which allows the influencer to build trust and connection with their followers.
The engagement rate in social media refers to the percentage of people who saw a piece of content (like a post on Instagram, a Tweet, or a Facebook update) and interacted with it in some way. This can include actions like
- liking the content
- sharing it
- commenting on it
- clicking on a link within it
It’s calculated using the total engagement (likes, comments, shares, etc.) divided by the total number of impressions or followers (depending on the method you choose), then multiplied by 100 to get a percentage.
To know more about how engagement rate works in influencer marketing, you would have all the answers you need here.
How to drive high engagement rates?
To have high engagement rates on social media, you could pay attention to a few things:
- Quality Content: High engagement begins with high-quality, relevant content. Photos, videos, and captions should be compelling and resonate with your audience.
- Frequency and Timing: Consistency is key. Regular updates keep you top-of-mind for your followers. Moreover, finding the optimal times to post can ensure maximum visibility.
- Audience Interaction: Social media is a two-way street. Encourage audience participation through questions, polls, and contests. Don’t forget to respond to their comments to foster a sense of community.
- Strategic Hashtags and Location Tags: These help boost your visibility by getting your content in front of a larger audience, including those who aren’t already following you.
- Well-Crafted Profile: Ensure your profile is complete, cohesive, and contains a clear message about who you are or what your brand is about. Include a call to action to guide your followers on what to do next.
Can we predict social media growth with engagement rate?
To answer this question, we’ve pulled the data from our database to find out whether the engagement rate is reliable in predicting social media growth.
As we can see below, where 0.0 is truly random and for some sort of correlation we would need < -0.5 or > 0.5, and -1 or 1 means perfect correlation. And we use followers/subscribers to represent growth:
|10.000 to 100.000
|More than 100.000
|More than 1.000.000
What have we found?
The analysis indicates a very weak correlation between engagement rate and growth (represented by followers/subscribers) across all social media platforms and follower categories, suggesting that engagement rate is not a reliable predictor of growth.
The data analysis conducted on the correlation between engagement rate and growth across various social media platforms has provided some interesting insights.
The results indicate that there is a very weak correlation between engagement rate and growth, which is represented by the number of followers or subscribers. This weak correlation was observed across all social media platforms and follower categories.
Upon examining the correlation coefficients, it was observed that for most platforms and follower categories, the correlation is close to zero or slightly negative. This indicates that there is almost no relationship between engagement rate and growth, and in some cases, there may even be a slight negative correlation.
This suggests that engagement rate alone may not be a reliable predictor of growth on social media platforms.
However, a slightly different trend was observed for TikTok accounts with more than 1,000,000 followers.
In this case, a very weak positive correlation between engagement rate and growth was observed. Although the correlation coefficient was not significant, it does suggest that there may be some relationship between engagement rate and growth for highly popular TikTok accounts.
Overall, while engagement rate is an important metric for measuring audience engagement and content quality, it may not be a good indicator of growth on social media platforms.
Other factors such as content type, audience demographics, and platform algorithms may play a more significant role in determining growth on social media platforms.
Therefore, creators and brands need to focus on a holistic approach to social media marketing rather than relying solely on engagement rate as a measure of success.