We all know that social media is not free especially when it comes to community management, creating content, and boosting posts to be promoted (ex.Twitter). Social media analytics are another cost that entails some investment when it comes to your marketing strategy and overall marketing goals. Of course there are always the free tools like Google Analytics and Facebook Insights. Google Analytics help you determine what social sites are helping to drive traffic to your site and what campaigns are working versus those that need to be dumped or optimized. Facebook Insights is constantly evolving but overall it allows you to see what content your fans engage with, when and how often.
Bonus: If you have the budget to spend a little more money
Radian6 - Great listening tool to see what is being said about your brand, the competition, what’s occurring in real time, and of course the ability to hop into conversations with your customers and be a part of the community. This tool is perfect for finding your influencers, and engaging with them organically as it streamlines the process for your brand and makes the process way less manual and less cumbersome.