Creating strong, positive brand awareness is essential to any company’s success. Measuring brand awareness is the art of analyzing your brand awareness with the goal of understanding your market presence and strategizing ways to grow.
Contents
What is Brand Awareness?
What is a Brand Awareness Campaign?
How to Measure a Brand Awareness Campaign
What are Common Metrics for Measuring Brand Awareness?
FAQ: Measuring Brand Awareness
Tip: Learn more about brand reputation measurement.
What is Brand Awareness?
Brand awareness means being known by consumers: how well they know and recognize your brand. This plays an important role when planning to make a purchase. Successful brand management means making sure your brand stays consistent and maintains a positive reputation, inspiring easy recall for busy shoppers.
Learn how to measure the reputation of your brand in the digital age
The challenge for brands is to continuously improve their attractiveness to consumers, while remaining memorable. Change too fast or too quickly and you lose space, or even credibility. But before you take any steps, you must first know where you are and where you want to go. This is where brand awareness measurement comes in.
Tip: Brand awareness now permeates the LLM space, which can be difficult to track without the right tools. Meltwater's GenAI Lens is designed to help brands understand their LLM presence, ensure information accuracy, and measure up to competitors.
What is a Brand Awareness Campaign?
A brand awareness campaign is a specific type of marketing campaign designed to assess current brand awareness and, using those insights, build stronger awareness through various tactics. A brand awareness campaign is common after a full or partial rebrand, but this is not the only instance where it may be used.
Many brand awareness campaigns start with conducting a market study.
Surveys are one of the the most traditional ways to get a baseline measurement of your reputation.
You can also organize focus groups or question a random sample of people, to make a general determination of how well known your brand is to the general public. If you are top-of-mind it's a good signal that your brand awareness campaigns are working.
Market research tactics such as e-mail followups asking “How did you hear about us?" are also very useful tools for measuring brand awareness.
How to Measure a Brand Awareness Campaign
To measure brand awareness, companies should first ensure they are using the best brand monitoring tool for their needs. Brand monitoring tools can automate tracking your mentions across social media, traditional media such as press and broadcast, podcasts, review sites — a lot easier than having to mine for mentions manually!
With brand monitoring in place, you can measure awareness through sentiment analysis, mentions trends, location, who drives the conversation around your brand, engagement rate, and more.
Follow these steps to measure your brand awareness campaign:
1. Follow your social mentions
Many exchanges on social media are linked to a brand. Social users may ask for recommendations or share reviews of their latest purchases. All of these connect to how your brand name permeates the social space, as your reach on social gives you a solid look at how many people are exposed to your content on a regular basis.
When people spontaneously mention your brand, they generate what we call earned media or UGC (User Generated Content).
This type of content is extremely rewarding because it is spontaneous and can have very positive effects on the reputation of your brand.
The more mentions you have, the higher your brand awareness will be.
You can also calculate your potential reach, which is useful for gaining buy in for diverting more resources toward social. Potential reach is effectively measured by the influence (number of followers) that people who mention you possess.
Engagement rate
Engagement on social is an umbrella term encompassing all the interactions that users can have with your content: likes, reactions, shares, or comments.
By tracking your engagement rate, you will have an indication of the effectiveness of your content. If engagement is low, it's a sign to change up what you're posting.
Analyze sentiment
Mentions give you a quantitative overview of your brand awareness. But you can also dig deeper into the emotions behind the mentions. If things swing negative, it could have ramifications for your reputation, influencing how your brand is perceived. Having real-time alerts set up is a great way to make sure you're prepared to manage any potential crises swiftly and effectively. On the other hand, be on the lookout for positive mentions trends as well, so you can be sure to amplify these!
2. Website metrics
Web metrics indicate interest in your site, which is a strong indicator or BoFU brand awareness. Typically website visitors have fairly high intent, whether it's research-based or their ready to make a purchase. Tracking these metrics is a very good way to track how your brand awareness campaigns are performing.
Direct traffic
Direct traffic indicates the number of people who directly access your website, without going through the search engines. This usually means they've directly typed in your the URL, or saved your website as a bookmark that they access from.
You can measure this indicator directly on Google Analytics in the Acquisition section.
If your visitors are able to come directly to your site without searching for your name or product, this is a good sign for your brand awareness.
Search volume
The search volume tells you how many times people searched for your brand on Google.
You can get this information through the Google Search Console , which will tell you how many times your name has been searched, and how often people have clicked on your site.
3. Measure your media presence
How many press hits you get, and how you're portrayed, have a major impact on your brand awareness. For one thing, links from prominent and reputable outlets are strong SEO and GEO signals, boosting your ability to be listed on the coveted page one of search engine results, and signaling to LLMs that you are a trusted brand.
For another thing, positive press gives consumers peace of mind as they are choosing who they want to do business with.
Track your press mentions
As with social media mentions, the number of articles you are mentioned is a brand awareness indicator. You can use a media monitoring tool to track them. However it's important to note that "media mentions" is a very generalized metric, and doesn't exactly tell the whole story. That's why it's important to apply custom scoring to where you are mentioned within the article, and what type of publication it is.
For example: if you are linked in the bottom of an article, along with several other brands who either contributed or share your space in the industry, this type of mention is not nearly as powerful than if you were featured throughout the article as a primary thought-leader.
You can also follow each of your press releases, via a PR Distribution Tool, and sort them according to their quality (feature article, quote) or their subject (product, direction, innovation).
Measure your media reach
Media reach refers to the number of people who have seen an article in which you are mentioned, listened to a podcast that mentions you, or read a blog post where you are featured. Scope is measured from the monthly audience of the site where your article is published.
This figure can be estimated via audience analysis tools like SimilarWeb, or directly from a media monitoring platform.
Comparing volume and scope allows you to analyze the quality of the sources relative to your target.
4. Follow reviews
Reviews mean that your brand, products, and/or services are garnering attention, so they are a good barometer for measure brand awareness. And unfortunately when it comes to reviews, that could mean positive or negative awareness. Brand monitoring software that helps you respond to and address negative or harmful reviews is an essential tool for maintaining your reputation.
5. Benchmark against competitors
Measuring your own brand awareness is step one, but then it’s important to compare it against your competitors. Competitive benchmarking allows you to get a broader view of your standing in your industry — you can use these insights to optimize your marketing and brand awareness campaigns.
Tip: Learn more in our Social Listening for Benchmarking guide
To effectively compare your brand awareness with that of your competitors, the share of voice metric is a good place to start. This indicator will show you your position in media coverage or social media compared to your competitors.
All these different methods of measuring awareness will allow you to get a good idea of your brand perception.
What are Common Metrics for Measuring Brand Awareness?
Knowing how to measure the success of an awareness campaign means using KPIs to track your progress, and share how you're advancing with key stakeholders.
Total mentions
Mentions refer to how many people are mentioning your brand on various social channels or in the media. One way to track this is to use native analytics, or you can set up Google Alerts, but it's far more effective to employ social listening software. This helps reduce the chance of missing mentions, and it also provides deeper insights, trends, sentiment analysis, and more so you can act on what you find most effectively.
For example, Meltwater social listening provides AI summaries that identify commonalities in mentions and details on top conversation drivers saving brand managers hours of manual work trying to decipher the most important takeaways from a mention surge.
Potential reach
Potential reach represents the number of people who will potentially see a piece of content mentioning your brand. This metric takes into account the number of followers for each individual, influencer, journalist, or media outlet that mentions your brand online. So, there’s more weight if you get a mention from someone who has 100K followers compared to someone who has only 100 followers.
Engagement
Social media engagement rates indicate that your content hasn’t gone unnoticed in a crowded feed full of other content from other brands. Engagement metrics can include likes, shares, comments, click-through rates, sign-ups, purchases, and more.
Share of voice (SOV)
Share of voice (SOV) is a metric that indicates the percentage of total conversation about a brand compared to the conversation about its competitors. It can be a useful tool for identifying opportunities to increase visibility and improve reputation.
You can calculate SOV by taking the number of your brand mentions and dividing it by the total number of mentions for all brands in the same category.
For example, if there are 100 posts about coffee brands and 30 of them mention Starbucks, then Starbucks has a 30% share of voice for that particular time period.
While SOV is a valuable metric, it's important to keep in mind that it only measures visibility, not sentiment. So, while a high SOV may indicate that a brand is top-of-mind, it doesn't necessarily mean that people have positive things to say about it.
Brand tracking and brand awareness tools can simplify this process for you. As a marketer, you should explore your options and take advantage of tools that can do much of the heavy lifting on your behalf.
Tip: AI innovations like Mira Studio from Meltwater can help brands quickly uncover sentiment and brand impact, within a quick and precise conversational interface.
Earned media value (EMV)
Earned media value (EMV) attempts to measure the monetary worth of publicity gained through earned media coverage, such as news articles, influencer content, guest blog posts, or social media posts.
While traditional advertising spend is relatively easy to track and quantify, EMV can be more difficult to measure. This is because there is no set cost for earned media placements — unlike paid or owned media — and therefore no way to determine a direct return on investment.
Despite this, EMV remains an important metric for brands to track, as it can provide valuable insights into the effectiveness of their communications, campaigns, and marketing efforts.
FAQ: Measuring Brand Awareness
Frequently asked questions about measuring brand awareness.
Why is measuring brand awareness important?
Measuring brand awareness is important because it provides a clear and transparent view of how recognizable and memorable your brand is. Having a well-known brand and a positive reputation means you have more opportunities for growth, for hiring top talent, and for expanding your product or services offering.
How do you measure brand awareness?
Brand awareness by nature is a tricky metric to track quantitatively. After all how can you really know how well your brand is permeating culture, how quickly consumers recall you over your competitors while they're busy shopping, or how easy you are to remember when they're making recommendations to friends? Using metrics like "total social media mentions", "media hits", "Share of voice", and "Earned media value" you can get a sense of your message pull-through in crowded online spaces.
What tools are available for measuring brand awareness?
Social listening and media monitoring tools are recommended for measuring brand awareness because they save hours of manual work mining through every brand single mention online, reduce human error, offer key insights into mentions trends and sentiment. These tools also allow for competitive analysis and benchmarking. Some like Meltwater also allow brands to track their LLM presence.
