This document discusses how to measure the effectiveness of social media efforts by choosing objectives, analyzing online conversations, finding tools to track metrics, and collecting both quantitative and qualitative data. It recommends starting with research on blogs and social networks, setting trackable objectives like increasing followers or fundraising, using analytics from Google, Facebook, and websites to measure metrics like reach and engagement. The key takeaways are to analyze online interactions, connect metrics to objectives, use available tools to track impact, and create reports to share findings.