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How to calculate the Market Economic Value of your hashtag:
As we have seen before, the New Tweet Binder includes this new amazing metric. At Tweet Binder we have created a new algorithm that shows the economic value of a hashtag or term used on Twitter. First, we calculate the economic value of the users. Once we have that info, we calculate the market value of all the tweets and finally, we are going to sum all these values and calculate the market economic value of the hashtag.
Remember these steps
1- Calculate the economic market value of each user – Learn more by reading this post
2- Calculate the economic market value of all the tweets
3 -Sum all the economic values of each tweet – Continue reading to discover the market economic value of the hashtag
Total economic value of your campaign: market value of all the tweets
Once we have calculated the value of each user and the market value of all the tweets that account has sent, we need to see how much this hashtag is worth in the market. To do that, we sum all the market value of all the tweets. This way we will know how much the hashtag is worth in the market. The total market value will be the sum of the value of each tweet. This final amount is what we would have needed to pay our users to get that amount of tweets with that number of impacts. As we said before, we take it in count the value of each tweet and user on pay-per-tweet online platforms and the average CPM of Twitter ads. Tweet Binder will offer this value for free in each report.
Other important metrics
When we know the market value of the hashtag we can calculate three more important metrics. These are:
– Average user’s value: We calculate it by adding all the economic values of each user and dividing it by the number of contributors. This gives us the average economic influence of each user of our campaign.
– Average tweet’s value: It is calculated by summing the economic values of each tweet and dividing it by the number of tweets (original tweets and retweets). We will be able to see how important the tweets of our hashtag are.
– Contributors value: It is calculated by adding the economic value of each user in the report.
As a conclusion, the market economic value of the hashtag or campaign on Twitter is a very important metric. This shows how much we would have had to pay our users in order to get the impact our hashtag had. We have created an unique algorithm after months of study and dozens of conversations. We have been talking with experts and clients of Tweet Binder (who are also experts). They always added huge value to the formula as well and very meaningful insights to it. If you still have questions about this economic value, feel free to contact us anytime.