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Yes. If your audience reach and engagement goals aren't met, it means that you're spending time on a social media channel that isn't where your buyer personas are spending time.
Yes. Twitter is a better social media channel for sharing blog posts. Facebook is better for more visual content.
No. You should first try publishing on a more frequent and consistent basis, rather than 2-3 times per month. Regularly sharing content and updates can help with engagement and gives you an active presence.
No. Engagement is not a metric that you should be using to determine the ROI of a social media channel. You should be using audience growth instead.