Explores the concepts to the analytic behind developing a conversion funnel for social media marketing. Two different types of conversion funnels are explored as well as specific stages in the conversion process that must be captured to ensure that Social Marketing effort can properly calcluate, measure and assign ROI value.
By exploring the customer experience, and recording specific stages of the social engagement only then can ROI be calculated and measured.
7. One Night Stand Analytics
• Simple tagging of social links
• Last click attribution
• No long term customer value
• Instant gratification
• Easy to calculate ROI
• No second date
@aknecht
8. Love At First Site
• Went for quick score
– Got 2nd, 3rd date
– Can become a long term relationship
• Need to tag and enter into CRM
– Start evaluating lifetime customer value
@aknecht
15. Funnel Attribution
• Each step in the funnel
– Has value
– Must be given credit towards overall success
– No simple way to track
• Large volume of people across all touch points
– Get a good CRM system
@aknecht
16. Reality Check
• Sometimes
– Funnel 2 can go from
– Cocktail Party to Long Term Relationship
in 1 or 2 steps
• Be prepared to measure it
@aknecht
17. Thank You
Alan K’necht
alan@DigitalAlwaysMedia.com
@aknecht
Just type my name into
Google
@aknecht
Hinweis der Redaktion
How did You Get Them to The FireSocial Media Funnels: The Quick Score/Love at First Site The Long Term Relationship Each funnel has it’s own: Pros & Cons Analytics approach
Complex Funnel Similar to walking up a down escalator Each step comes with it’s own Measurement of success Contribution towards the bottom line ROI Measure success in lifetime value not instant gratification
Common theme brings you together Exchange basic info Twitter/TweetChat Follow each other Random advertisement Checks out your Facebook Page
Exchanges some personal information Tweets back & forth Email correspondance Returns to your Facebook Page Perhaps registers for webinar, etc.
1 to 1 intimate discussions Personal product demos Product pitch
Sign-up for free trial Request a quote Take it out for a test drive Subscribe to service or buy in
Starts recommending you Joins affiliate program Becomes unpaid brand advocate