How do you measure success in your side hustle? Are you really measuring success or just keeping score?
There are so many measurements available for a photography business, or any online business for that matter. Page views, post likes, number of followers; the list goes on and on. You can spend all day looking at these statistics, but are they really helping your business?
I think tracking the number of followers, page likes, and so forth that you have is just keeping score. It doesn’t matter except in a very general way.
For example, I currently have 393 page likes on my Facebook page Traingeek Images. What does that really mean? How does that help me?
In a very general sense it means that potentially 393 people could see a post I make there. The reality is that less than 50% of those people will normally see a post I make, and only a handful will actually click “like” on it. Facebook’s filtering algorithms try to present the most interesting content, and unless it gets engagement early, hardly anyone sees them. It’s only when a post goes viral, or least gets engagement, that it gets seen by more people… like this one.
At best Facebook page likes are a general sense of how many people you could reach.
The same goes for Instagram. I currently have 1,874 followers (a thousand more than last month!). How does that help me?
It means more photo likes – I average 150-200 per photo now – but that doesn’t really help my business. It might help my ego, but it doesn’t put cash in my pocket.
How Do You Define Success?
Before we talk about measuring success, we first have to define it. Success means different things to different people. A quick Google search gives three definitions:
- The accomplishment of an aim or purpose.
- The attainment of popularity or profit.
- A person or thing that achieves desired aims or attains prosperity.
The common theme here is the attainment of a goal. You have to know where you want to go before you can measure whether you’re getting there.
I listed my goals at the bottom of my last post. You’ll see that page likes or follower counts are not in that list.
If you’re interested in doing sponsored posts on Facebook, Twitter or Instagram, then follower counts will be important to you, because you’ll need a minimum number of followers before you’ll attract advertisers.
Like many people, I believe goals should be S.M.A.R.T.:
Use those SMART attributes to define your goals.
Once you’ve defined your goals, you can measure your progress against them.
Let’s take my first goal, gross income of $1,200 for the year. To date I’ve received about $40, with another $80 or so pending, so I have to step it up if I’m going to achieve my goal. NEEDS WORK.
The second goal: stock photography income of $50/month. This month I’ve made USD $6.58 or about CAD $9.20, so I’m on my way. Given that I started stock in late November, I’m feeling pretty good about my progress here. ON TARGET.
You get the idea.
I do track numbers like Facebook page likes, web page views, and Instagram followers for my own interest. They are great for exposure but don’t lead directly to income, so they’re not part of my goals and they aren’t measures of success for me.
I’ll report on my progress toward my goals later this spring.