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Optify presentation buzz to bucks
1. From Buzz to Bucks:
Measuring Social Media ROI TM
Page
2. Measuring Social Media ROI
» Overview
» Challenges
» Opportunities
» Framework Introduction and Discussion
» Wrap Up
From Buzz to Bucks: Measuring Social Media ROI Page 2
3. Measuring Social Media ROI
Scott Fasser TJ McCue Todd Lebo
Director of Customer Founder Director of Marketing and
Experience Q4 Sales, Sales Rescue Business Development
Optify Team MarketingSherpa
#Buzz2Bucks marketing@optify.net WebEx Chat
From Buzz to Bucks: Measuring Social Media ROI Page 3
4. Challenges to SMM Effectiveness
Businesses (B2B) Consumers (B2C) Both (B2B & B2C)
Getting target audiences to engage 64%
68%
and participate 67%
Finding the time to perform social 56%
53%
media programs 56%
Converting followers, fans, etc. into 47%
57%
paying customers 55%
Lack of an effective social media 48%
46%
marketing strategy 52%
Measuring and proving the ROI of 48%
47%
social media programs 45%
Getting the budget and resources 37%
35%
social media deserves 42%
Finding experienced and proficient 29%
31%
social media marketers 29%
Management resistance to sharing 28%
23%
information online 28%
Source / Methodology: MarketingSherpa Social Media Marketing Benchmark Survey / Fielded Nov 2009, N=2,317
From Buzz to Bucks: Measuring Social Media ROI Page 4
6. No Objectives. No Architecture. No Results.
AKA â Random Acts of Social Marketing
From Buzz to Bucks: Measuring Social Media ROI Page 6
7. The Social Marketing ROAD Map
Research
Devices Objectives
Actions
From Buzz to Bucks: Measuring Social Media ROI Page 7
8. Monitoring the Impact of Social Marketing
ï§What are you monitoring
and measuring to quantify
social media impact?
ï§Most monitor easily
quantifiable metrics
ï§50% track qualitative
metrics like âsentimentâ
From Buzz to Bucks: Measuring Social Media ROI Page 8
9. What to Monitor During Research (Competitive analysis)
From Buzz to Bucks: Measuring Social Media ROI Page 9
10. Monitoring Tools and Solutions
ï§What type of tools or
solutions is your
organization using to
monitor social media?
ï§âFree toolsâ now loaded
with features butâŠ
ï§Enterprise level initiative
may require
comprehensive or custom
solutions
From Buzz to Bucks: Measuring Social Media ROI Page 10
11. Targeting and Measuring Objectives
ï§Does your organization
target social media
marketing objectives
and measure progress?
ï§Web site is the hub of
the marketing strategy â
so traffic most targeted
and measured objective
ï§Missed opportunity is
targeting cost
reductions
From Buzz to Bucks: Measuring Social Media ROI Page 11
13. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
From Buzz to Bucks: Measuring Social Media ROI Page 13
14. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
TRACKABLE
METRICS
EXAMPLE
(dating)
TRACK &
MEASURE
REPORT
RESULTS
From Buzz to Bucks: Measuring Social Media ROI Page 14
15. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
tweets about # of # of # of close deals with
TRACKABLE
your brand, followers, fans, direct/indirect revisits SM contribution
METRICS
sentiment conversations leads from SM
From Buzz to Bucks: Measuring Social Media ROI Page 15
16. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
tweets about # of # of # of close deals with
TRACKABLE
your brand, followers, fans, direct/indirect revisits SM contribution
METRICS
sentiment conversations leads from SM
EXAMPLE research bars & # of # of # of the
(dating) parties with your discussions phone numbers dates wedding
âaudienceâ
From Buzz to Bucks: Measuring Social Media ROI Page 16
17. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
tweets about # of # of # of close deals with
TRACKABLE
your brand, followers, fans, direct/indirect revisits SM contribution
METRICS
sentiment conversations leads from SM
EXAMPLE research bars & # of # of # of the
(dating) parties with your discussions phone numbers dates wedding
âaudienceâ
TRACK & GA, radiant 6, Twitter, FB, Optify, GA, offsite work, attribution
MEASURE sentiment LinkedIn Omniture onsite tracking (lead details)
From Buzz to Bucks: Measuring Social Media ROI Page 17
18. From Buzz to Bucks: Measuring Social Media ROI Page 18
19. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
tweets about # of # of # of close deals with
TRACKABLE
your brand, followers, fans, direct/indirect revisits SM contribution
METRICS
sentiment conversations leads from SM
EXAMPLE research bars & # of # of # of the
(dating) parties with your discussions phone numbers dates wedding
âaudienceâ
TRACK & GA, radiant 6, Twitter, FB, Optify, GA, offsite work, attribution
MEASURE sentiment LinkedIn Omniture onsite tracking (lead details)
REPORT manually,
Tips: owner, time frame, system/process, review, action
RESULTS using Excel
From Buzz to Bucks: Measuring Social Media ROI Page 19
20. Measuring Social Media ROI
MONITOR ENGAGE PROMOTE NURTURE SELL
tweets about # of # of # of close deals with
TRACKABLE
your brand, followers, fans, direct/indirect revisits SM contribution
METRICS
sentiment conversations leads from SM
EXAMPLE research bars & # of # of # of the
(dating) parties with your discussions phone numbers dates wedding
âaudienceâ
TRACK & GA, radiant 6, Twitter, FB, Optify, GA, offsite work, attribution
MEASURE sentiment LinkedIn Omniture onsite tracking (lead details)
REPORT manually,
Tips: owner, time frame, system/process, review, action
RESULTS using Excel
From Buzz to Bucks: Measuring Social Media ROI Page 20
21. Measuring Social Media ROI
» Thank you for attending!
» Selected Q&A
» Stay tuned! Special offer and resources information next
From Buzz to Bucks: Measuring Social Media ROI Page 21
22. Get Your Step-by-Step ROAD Map to Plan and
Execute a Successful Social Marketing Strategy.
Social Marketing ROAD Map Handbook includes:
âą 27 real-world examples of what works
âą 11 case studies from leading companies
âą 20 charts and tables
âą 3 special reports
âą 9 checklists and worksheets
âą Social media policy template
âą Special Section: Search and Social
âą Special Section: Email and Social
Special Webinar Offer â SAVE $50
SocialMarketingHandbookSave50.marketingsherpa.com
From Buzz to Bucks: Measuring Social Media ROI Page 22
24. Measuring Social Media ROI
» Answers to all the questions, Resources from webinar,
including recording will be posted by Thursday morning on
http://www.optify.net/webinar/buzz-to-bucks-framework-
for-measuring-social-media-roi
» Learn more about Optify, and follow us to get updates on
upcoming webinars and our social media webinar series
» Sign-up for a free 30-day trial
From Buzz to Bucks: Measuring Social Media ROI Page 24
25. MarketingSherpa Case Study:
Integrating Website, Search and Social Media Tactics
ï§Caturano and Company
ï§One of New Englandâs
largest accounting and
IT consulting firms
ï§Marketing objective to
increase client base
during recessionary
economy
From Buzz to Bucks: Measuring Social Media ROI Page 25
26. Situation Analysis
ï§Traditional outbound
marketing methods more
expensive / less effective
ï§Growing number of
prospective clients are
using the web, search and
social media to find and
assess firms
ï§Challenge to transition
from traditional marketing
to integrated inbound
marketing strategy
From Buzz to Bucks: Measuring Social Media ROI Page 26
27. Campaign Tactic â
Website Marketing
ï§Website redesigned as
the content hub and
conversion point
ï§Recruited partners as
subject matter experts
and thought-leaders to
create relevant content
ï§Added lead conversion
capabilities by requiring
registration for content
From Buzz to Bucks: Measuring Social Media ROI Page 27
28. Campaign Tactic â
Search Marketing
ï§Optimized website for
keywords in copy, titles,
metatags and other SEO
elements.
ï§Created a partner
program to build links
ï§Posted thought-leader
articles on blogs creating
search engine desirable
content, links and listings
From Buzz to Bucks: Measuring Social Media ROI Page 28
29. Campaign Tactic â
Social Marketing
ï§Joined and actively
participated in LinkedIn
discussion groups on
topics of client interest
ï§Facebook brand page to
build community of âfansâ
(clients and prospects)
ï§LinkedIn discussions
and Facebook postings
channel members and
fans to website content
and conversion points
From Buzz to Bucks: Measuring Social Media ROI Page 29
30. Results
ï§68% increase in unique
website visitors
ï§First page SERPs for
25 targeted keywords
ï§10-15 new leads
converted per month
ï§Significant % website
traffic from social sites
From Buzz to Bucks: Measuring Social Media ROI Page 30