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What to Measure in Social
         Susan Etlinger, Industry Analyst, Altimeter Group
Merlyn Gordon, Sr. Product Marketing Manager, Webtrends
“   Does counting
    reTweets prove ROI?


    Do Facebook Likes &
    Pinterest Pins
    improve our CSAT or
    NPS numbers?



    Why should we
    invest more in this
    social channel or that
    social platform?
                         ”
                             Look Familiar?
                              Image source: http://www.flickr.com/photos/b-tal/163450213/
ROI is a Business Measurement,
             not Alchemy

If your ROI equation shows a cost value in $£¥€,
    and a gain value expressed in Tweets,
               you’re in trouble.
Please Welcome!

                                 Susan Etlinger
                                 Industry Analyst, Altimeter Group
                                 Email: Susan@altimetergroup.com
                                 Twitter: @setlinger



Susan is an Industry Analyst with Altimeter Group where she focuses
on social media analytics and strategy.

For the past 20 years, she has worked at the intersection of people,
processes, and technology, in companies such as Charles Schwab &
Co., Inc., and in the agency world, most recently at Horn Group.
What We’re Thinking About


Dynamic                         Adaptive
Customer                        Organization




                      Sentient World




                                               5
Where Are We Now?
A Look Back

2011        2012        2013



  The
             Reality    Integrate
Amazing
             Check        or Die
 Race


                                7
From Marketing Funnel to Influence Loop




                                     8
Social Media Proliferation in the Enterprise




                                          9
Meet Your New Stakeholders
Image by StreetFly_JZ used with Attribution as directed by Creative Commons http://www.flickr.com/photos/streetfly_jz/2760882758




          What to Measure
A Step-By Step Process




                         12
Social Data Drives Many Types of
         Business Value




                                   13
Social Media Must Support
  Business Objectives




                            14
At least 13 different business units across the
enterprise deploy social media
Top-Down Approaches




Source: “The Social Media ROI Cookbook: Six Ingredients Top Brands Use to Measure the
Revenue Impact of Social Media,” Altimeter Group (July 24, 2012)



                                                                                        16
Bottom-Up Approaches




Source: “The Social Media ROI Cookbook: Six Ingredients Top Brands Use to Measure the
Revenue Impact of Social Media,” Altimeter Group (July 24, 2012)



                                                                                        17
No Single Approach Dominates; It’s a Mix




                                      18
What Determines the Mix Today?




                                 19
Revenue is not the Primary Goal (yet)




                                        20
Image by zetson used with Attribution as directed by Creative Commons http://www.flickr.com/photos/zetson/254608875




Where Are We Going?
Emerging Trends
•  Holistic View of Top-Down, Bottom-Up
   •  Ecosystem of tools: no single tool can satisfy every organizational
      requirement or bridge the many device gaps
   •  Qualitative measurement will provide context
•  Data triangulation/integration is here
   •  CRM, BI, Market Research, Supply Chain: the whole organization
      needs your data.
•  Customer journey becomes even more dynamic (and mobile)
   •  More devices generating data feeds and streams
   •  The race to solve for identity
•  Organizational integration is beginning—slowly
   •  It’s not a linear path
   •  Beware social as a silo
                                                                            22
The (Evolving) Role of the Analyst

•  Social data is straining the definition of an analyst. Web
   analytics, social data and enterprise analysts all must work
   cohesively.
•  Social media measurement is a change management issue. Be
   realistic and plan for organizational impacts.
•  There are few real experts. Take time to learn the data and
   establish benchmarks. Humility is good.
•  Let go of perfection. Be clear about confidence levels, but accept
   the imperfections of social data.
•  Be brave. Be willing to face–and stand up for–hard truths about
   what does and doesn’t work.



                                                                        23
Top 5 Take-Aways
Do These Things on Monday




         4
#1 Ask Yourself Whether
You’re Counting or Measuring
Counting Metrics



Outcome Metrics



                                                                                           Business Value
                                                                                           Measures
Foundational
Measures




       #2 Ensure Metrics Have Meaning
                  Image source: http://www.flickr.com/photos/heathersage/7161565001/
Mul;variate	
                                               Links	
  &	
  Tagging	
      Integrated	
  
 Tes;ng	
                                                                               Measurement	
  


             A                ✓
             B                ✓
             C                ✓




              #3 Ensure Data Collection Strategies
                Align to Measurement Objectives
©	
  2012	
  Webtrends,	
  All	
  Rights	
  Reserved.	
                                              |	
   27	
  
Website Marketing

                                                                   Social Marketing

                                                                   Mobile Marketing

                                                                   Customer Care




#4 Beware of Social as an Island
          http://www.flickr.com/photos/jan-fotografie/262545477/
#5 Learn How Webtrends Social
Measurement Solutions Prove Social ROI

              The Three P’s for Success

    Product            Practice           Partners
Thank You

                    Questions?



Susan Etlinger               Merlyn Gordon

susan@altimetergroup.com     merlyn.gordon@webtrends.com

susanetlinger.com            blogs.webtrends.com

@setlinger                   @merlyngordon
Sessions You Must See
•    Facebook Campaign Optimization Panel Discussion
     Wednesday @ 11:10am

     •    Eric Christopher. Vice President of Sales, Shoutlet
     •    Greg Gunn. Vice President Business Development, Hootsuite
     •    Merlyn Gordon. Senior Product Marketing Manager, Webtrends
     •    Jared Roy. Director Performance Marketing, Webtrends

•    Designing A Measurement Framework For The Social Enterprise
     Wednesday @ 2:40pm

     •    Susan Etlinger. Industry Analyst, Altimeter Group
     •    Jeff Seacrist. VP Product Marketing Partner Solutions, Webtrends

•    Driving Conversion With Performance Marketing
     Wednesday @ 3:40pm

     •    Kirk Ramble. Principal Optimization Consultant Webtrends
Rate
 Session
   &
Speakers/
Panelists
Engage 2013 - What to Measure in Social

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Engage 2013 - What to Measure in Social

  • 1. What to Measure in Social Susan Etlinger, Industry Analyst, Altimeter Group Merlyn Gordon, Sr. Product Marketing Manager, Webtrends
  • 2. Does counting reTweets prove ROI? Do Facebook Likes & Pinterest Pins improve our CSAT or NPS numbers? Why should we invest more in this social channel or that social platform? ” Look Familiar? Image source: http://www.flickr.com/photos/b-tal/163450213/
  • 3. ROI is a Business Measurement, not Alchemy If your ROI equation shows a cost value in $£¥€, and a gain value expressed in Tweets, you’re in trouble.
  • 4. Please Welcome! Susan Etlinger Industry Analyst, Altimeter Group Email: Susan@altimetergroup.com Twitter: @setlinger Susan is an Industry Analyst with Altimeter Group where she focuses on social media analytics and strategy. For the past 20 years, she has worked at the intersection of people, processes, and technology, in companies such as Charles Schwab & Co., Inc., and in the agency world, most recently at Horn Group.
  • 5. What We’re Thinking About Dynamic Adaptive Customer Organization Sentient World 5
  • 7. A Look Back 2011 2012 2013 The Reality Integrate Amazing Check or Die Race 7
  • 8. From Marketing Funnel to Influence Loop 8
  • 9. Social Media Proliferation in the Enterprise 9
  • 10. Meet Your New Stakeholders
  • 11. Image by StreetFly_JZ used with Attribution as directed by Creative Commons http://www.flickr.com/photos/streetfly_jz/2760882758 What to Measure
  • 12. A Step-By Step Process 12
  • 13. Social Data Drives Many Types of Business Value 13
  • 14. Social Media Must Support Business Objectives 14
  • 15. At least 13 different business units across the enterprise deploy social media
  • 16. Top-Down Approaches Source: “The Social Media ROI Cookbook: Six Ingredients Top Brands Use to Measure the Revenue Impact of Social Media,” Altimeter Group (July 24, 2012) 16
  • 17. Bottom-Up Approaches Source: “The Social Media ROI Cookbook: Six Ingredients Top Brands Use to Measure the Revenue Impact of Social Media,” Altimeter Group (July 24, 2012) 17
  • 18. No Single Approach Dominates; It’s a Mix 18
  • 19. What Determines the Mix Today? 19
  • 20. Revenue is not the Primary Goal (yet) 20
  • 21. Image by zetson used with Attribution as directed by Creative Commons http://www.flickr.com/photos/zetson/254608875 Where Are We Going?
  • 22. Emerging Trends •  Holistic View of Top-Down, Bottom-Up •  Ecosystem of tools: no single tool can satisfy every organizational requirement or bridge the many device gaps •  Qualitative measurement will provide context •  Data triangulation/integration is here •  CRM, BI, Market Research, Supply Chain: the whole organization needs your data. •  Customer journey becomes even more dynamic (and mobile) •  More devices generating data feeds and streams •  The race to solve for identity •  Organizational integration is beginning—slowly •  It’s not a linear path •  Beware social as a silo 22
  • 23. The (Evolving) Role of the Analyst •  Social data is straining the definition of an analyst. Web analytics, social data and enterprise analysts all must work cohesively. •  Social media measurement is a change management issue. Be realistic and plan for organizational impacts. •  There are few real experts. Take time to learn the data and establish benchmarks. Humility is good. •  Let go of perfection. Be clear about confidence levels, but accept the imperfections of social data. •  Be brave. Be willing to face–and stand up for–hard truths about what does and doesn’t work. 23
  • 24. Top 5 Take-Aways Do These Things on Monday 4
  • 25. #1 Ask Yourself Whether You’re Counting or Measuring
  • 26. Counting Metrics Outcome Metrics Business Value Measures Foundational Measures #2 Ensure Metrics Have Meaning Image source: http://www.flickr.com/photos/heathersage/7161565001/
  • 27. Mul;variate   Links  &  Tagging   Integrated   Tes;ng   Measurement   A ✓ B ✓ C ✓ #3 Ensure Data Collection Strategies Align to Measurement Objectives ©  2012  Webtrends,  All  Rights  Reserved.   |   27  
  • 28. Website Marketing Social Marketing Mobile Marketing Customer Care #4 Beware of Social as an Island http://www.flickr.com/photos/jan-fotografie/262545477/
  • 29. #5 Learn How Webtrends Social Measurement Solutions Prove Social ROI The Three P’s for Success Product Practice Partners
  • 30. Thank You Questions? Susan Etlinger Merlyn Gordon susan@altimetergroup.com merlyn.gordon@webtrends.com susanetlinger.com blogs.webtrends.com @setlinger @merlyngordon
  • 31. Sessions You Must See •  Facebook Campaign Optimization Panel Discussion Wednesday @ 11:10am •  Eric Christopher. Vice President of Sales, Shoutlet •  Greg Gunn. Vice President Business Development, Hootsuite •  Merlyn Gordon. Senior Product Marketing Manager, Webtrends •  Jared Roy. Director Performance Marketing, Webtrends •  Designing A Measurement Framework For The Social Enterprise Wednesday @ 2:40pm •  Susan Etlinger. Industry Analyst, Altimeter Group •  Jeff Seacrist. VP Product Marketing Partner Solutions, Webtrends •  Driving Conversion With Performance Marketing Wednesday @ 3:40pm •  Kirk Ramble. Principal Optimization Consultant Webtrends
  • 32. Rate Session & Speakers/ Panelists