Signal Over Noise
Most data misleads. Learn to identify the metrics that actually matter.
Your dashboard shows you thousands of data points. Views, likes, comments, shares, saves, clicks, impressions, reach, engagement rate, follower growth, story views, profile visits...
95% of it is noise.
Noise doesn't just waste your time—it actively misleads you. It makes you optimize for vanity while your business stagnates.
Signal is different. Signal tells you what's actually working and what moves the business forward.
<Callout>The Fundamental Question: Does improving this metric directly increase revenue, or is it just correlated with other things that might?
</Callout>Why Most Metrics Are Noise
Vanity Metrics: High Numbers, Zero Impact
These feel good but don't pay bills:
- Total Followers - Doesn't measure engagement or buying intent
- Post Impressions - Doesn't measure who actually saw or cared
- Likes - Easiest action, least commitment
- Total Reach - Meaningless without context on who was reached
You can have 100K followers and make $0/month. You can have 5K followers and make $50K/month.
The metric that matters isn't audience size—it's audience quality.
Lagging Indicators: True But Too Late
These metrics are accurate but don't help you make decisions:
- Monthly Revenue - Tells you what happened, not what to do
- Follower Count - Result of many factors, can't be directly improved
- Overall Engagement Rate - Averaged across all content, hides what works
Lagging indicators are scoreboard metrics. They tell you if you won or lost, but not how to win next time.
The Signal Hierarchy
Not all metrics are equal. Here's the hierarchy from noise to signal:
Tier 1: Vanity Noise
Likes, followers, total impressions, profile visits
Use Case: Trend awareness only. Never optimize directly for these.
Tier 2: Engagement Indicators
Comments, shares, saves, story replies, DMs
Use Case: Content quality feedback. Higher quality than likes, but still not revenue.
Tier 3: Intent Signals
Click-through rates, link clicks, bio link visits, CTA completion
Use Case: Audience interest in your offer. This is where monetization begins.
Tier 4: Conversion Signals
Email signups, lead magnet downloads, waitlist joins, discovery calls booked
Use Case: Pre-revenue behavior. These people are raising their hand.
Tier 5: Revenue Signals
Sales, MRR, LTV, CAC payback period, retention rate
Use Case: Business metrics. This is the actual scoreboard.
Rule: Never optimize a lower tier at the expense of a higher tier.
The Three Metrics That Matter
If you could only track three metrics, these should be them:
1. Qualified Reach
Not total reach. Qualified reach.
How many people in your target audience (who could actually buy) saw your content?
- 1M impressions to random people = noise
- 10K impressions to your ideal customer profile = signal
2. Conversion Rate (Audience → Email)
What percentage of people who discover you join your email list or community?
This metric tells you:
- Is your positioning clear?
- Is your offer compelling?
- Is your audience actually interested in what you sell?
Good benchmark: 2-5% of engaged audience should convert to email subscribers.
3. Revenue Per Follower
Total revenue divided by total engaged followers (not total followers).
This is your true business metric. It combines:
- Audience quality
- Positioning effectiveness
- Offer-market fit
- Conversion ability
Target: $10-50/follower/year depending on niche.
How to Find Your Signal
Use this framework to separate signal from noise:
The Signal Test
For every metric you track, ask:
-
Does this directly predict revenue?
- Yes → Signal
- No → Continue to #2
-
Can I take action on this metric this week?
- Yes → Leading indicator (useful signal)
- No → Lagging indicator (scoreboard, not actionable)
-
Will improving this metric increase business results?
- Yes → Keep tracking
- No → Stop tracking, it's noise
Example: Decoding Your Last 10 Posts
Look at your last 10 posts. For each, track:
- Impressions to target audience (not total)
- Saves + Shares (commitment actions)
- Link clicks (intent to learn more)
- Conversions (email signups, purchases)
Now calculate:
- Engagement Rate = (Saves + Shares) / Target Impressions
- Intent Rate = Link Clicks / Target Impressions
- Conversion Rate = Conversions / Link Clicks
The posts with the highest conversion rate? That's your signal. Make more content like that.
Platform-Specific Signal
Different platforms have different primary signals:
- Primary Signal: Saves and Shares (algorithm reward)
- Secondary Signal: DM replies (intent)
- Noise: Likes, total followers
TikTok
- Primary Signal: Completion rate + rewatch
- Secondary Signal: Shares
- Noise: Views, likes
YouTube
- Primary Signal: Average view duration %
- Secondary Signal: Click-through rate
- Noise: Total views, subscribers
- Primary Signal: Meaningful comments (>10 words)
- Secondary Signal: Shares with commentary
- Noise: Reactions, impressions
Twitter/X
- Primary Signal: Replies and quote tweets
- Secondary Signal: Link clicks
- Noise: Likes, retweets
The Cohort Analysis Advantage
Most creators look at aggregate data. Smart creators look at cohorts.
Cohort: A group of followers who joined in the same time period.
Track each cohort separately:
- Cohort engagement rate over time
- Cohort conversion rate
- Cohort revenue contribution
Why this matters: If November's cohort has 3X the engagement of October's cohort, you did something different in November. Find out what.
The Signal Trap: Even good metrics can become noise if you track them incorrectly.
Example: Email list growth is signal. But if you're adding 1,000 subscribers/month with 0.1% open rate, that's actually noise. Quality > Quantity, always.
Action Items
This Week
-
Audit your current metrics
- List everything you currently track
- Run each through the Signal Test
- Stop tracking anything that fails
-
Set up your Signal Dashboard
- Add the Three Metrics That Matter
- Add your platform-specific primary signal
- Add your conversion funnel steps
-
Run a cohort analysis
- Group your last 6 months of content into monthly cohorts
- Compare performance
- Identify what changed in high-performing months
This Month
- Calculate Revenue Per Follower
- Identify your top 10% performing content (by conversion, not engagement)
- Create a hypothesis for why it performed better
- Test that hypothesis with new content
Remember: You can't improve what you can't measure. But measuring the wrong things is worse than measuring nothing.
Find your signal. Ignore everything else.