1) Compared to just counting likes and other engagements over a given period, measuring the actual engagement rate is a more accurate way of knowing how relevant the communicated content is to what people are interested in.
2) Resources focusing on for-profit marketing suggest a good engagement rate is between 1% to 5%. This might differ depending on what social media you use and what content you communicate. However, if you run a longer-term campaign (or a series of campaigns), what matters the most is that the engagement rate gradually rises, as that shows that you are increasingly able to communicate content that the target audience values.
3) The standard calculations of engagement rates put together actions with a different degree of importance – for example, “likes” have the same weight as “shares”, even though shares indicate a higher level of engagement. As a result, a post with many likes but few comments or shares might have a higher engagement rate than a post with fewer likes but many instances of deeper engagement (shares, comments, clicks, saves, etc.). Therefore, if you want to get more precise insights, consider using the so-called “weighted” (sometimes also called “factored”) engagement rate, where a different weight is given to different actions. For example, 1 score for each like, 2 scores for each comment, 3 scores for clicking on a provided link, 5 scores for sharing the post, etc. The sum of these scores is then divided by the reach of the measured social media content. Keep in mind that since you assigned a score higher than 1 to some actions, the engagement rate percentage will be much higher than the rates calculated by the standard methods. Therefore, avoid any comparisons between the standard and weighted engagement rates.
4) Remember that high engagement is not necessarily a positive. If your content attracts many negative reactions, you might have a high engagement rate, which may hurt your campaign. Therefore, consider whether you want to disaggregate how much of the engagement was positive (likes, love, care, congratulations, positive comments, shares, etc.) and how much was negative (anger, negative comments, etc.).
5) The engagement rate can be increased by prioritizing content that encourages shares, comments, and other response forms.