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From Buzz to Bucks:
Measuring Social Media ROI    TM




                             Page
Measuring Social Media ROI
» Overview
» Challenges
» Opportunities
» Framework Introduction and Discussion
» Wrap Up




                  From Buzz to Bucks: Measuring Social Media ROI   Page 2
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
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
Sources of Generating Leads




                 From Buzz to Bucks: Measuring Social Media ROI   Page 5
No Objectives. No Architecture. No Results.
AKA – Random Acts of Social Marketing




                 From Buzz to Bucks: Measuring Social Media ROI   Page 6
The Social Marketing ROAD Map


                              Research




            Devices                                  Objectives




                               Actions




                From Buzz to Bucks: Measuring Social Media ROI    Page 7
Monitoring the Impact of Social Marketing

What are you monitoring
and measuring to quantify
social media impact?

Most monitor easily
quantifiable metrics

50% track qualitative
metrics like “sentiment”




                           From Buzz to Bucks: Measuring Social Media ROI   Page 8
What to Monitor During Research (Competitive analysis)




                 From Buzz to Bucks: Measuring Social Media ROI   Page 9
Monitoring Tools and Solutions

What type of tools or
solutions is your
organization using to
monitor social media?

“Free tools” now loaded
with features but


Enterprise level initiative
may require
comprehensive or custom
solutions




                          From Buzz to Bucks: Measuring Social Media ROI   Page 10
Targeting and Measuring Objectives

Does your organization
target social media
marketing objectives
and measure progress?

Web site is the hub of
the marketing strategy –
so traffic most targeted
and measured objective

Missed opportunity is
targeting cost
reductions




                           From Buzz to Bucks: Measuring Social Media ROI   Page 11
Measuring Social Media ROI




      From Buzz to Bucks: Measuring Social Media ROI   Page 12
Measuring Social Media ROI
 MONITOR         ENGAGE               PROMOTE               NURTURE   SELL




           From Buzz to Bucks: Measuring Social Media ROI                    Page 13
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
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
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
               “audience”




                                From Buzz to Bucks: Measuring Social Media ROI                           Page 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
               “audience”


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
From Buzz to Bucks: Measuring Social Media ROI   Page 18
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
               “audience”


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
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
               “audience”


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
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
Get Your Step-by-Step ROAD Map to Plan and
Execute a Successful Social Marketing Strategy.

                               Social Marketing ROAD Map Handbook includes:
                               ‱ 27 real-world examples of what works
                               ‱ 11 case studies from leading companies
                               ‱ 20 charts and tables
                               ‱ 3 special reports
                               ‱ 9 checklists and worksheets
                               ‱ Social media policy template
                               ‱ Special Section: Search and Social
                               ‱ Special Section: Email and Social



       Special Webinar Offer – SAVE $50
     SocialMarketingHandbookSave50.marketingsherpa.com

                 From Buzz to Bucks: Measuring Social Media ROI          Page 22
B2Bsummitsave700.marketingsherpa.com

        From Buzz to Bucks: Measuring Social Media ROI   Page 23
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
MarketingSherpa Case Study:
Integrating Website, Search and Social Media Tactics

Caturano and Company

One of New England’s
largest accounting and
IT consulting firms

Marketing objective to
increase client base
during recessionary
economy




                          From Buzz to Bucks: Measuring Social Media ROI   Page 25
Situation Analysis


Traditional outbound
marketing methods more
expensive / less effective

Growing number of
prospective clients are
using the web, search and
social media to find and
assess firms

Challenge to transition
from traditional marketing
to integrated inbound
marketing strategy



                             From Buzz to Bucks: Measuring Social Media ROI   Page 26
Campaign Tactic –
Website Marketing
Website redesigned as
the content hub and
conversion point

Recruited partners as
subject matter experts
and thought-leaders to
create relevant content

Added lead conversion
capabilities by requiring
registration for content




                            From Buzz to Bucks: Measuring Social Media ROI   Page 27
Campaign Tactic –
Search Marketing
Optimized website for
keywords in copy, titles,
metatags and other SEO
elements.

Created a partner
program to build links

Posted thought-leader
articles on blogs creating
search engine desirable
content, links and listings




                              From Buzz to Bucks: Measuring Social Media ROI   Page 28
Campaign Tactic –
Social Marketing
Joined and actively
participated in LinkedIn
discussion groups on
topics of client interest

Facebook brand page to
build community of “fans”
(clients and prospects)

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
Results

68% increase in unique
website visitors

First page SERPs for
25 targeted keywords

10-15 new leads
converted per month

Significant % website
traffic from social sites




                            From Buzz to Bucks: Measuring Social Media ROI   Page 30

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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
  • 5. Sources of Generating Leads From Buzz to Bucks: Measuring Social Media ROI Page 5
  • 6. No Objectives. No Architecture. No Results. AKA – 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 What are you monitoring and measuring to quantify social media impact? Most monitor easily quantifiable metrics 50% track qualitative metrics like “sentiment” 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 What type of tools or solutions is your organization using to monitor social media? “Free tools” now loaded with features but
 Enterprise level initiative may require comprehensive or custom solutions From Buzz to Bucks: Measuring Social Media ROI Page 10
  • 11. Targeting and Measuring Objectives Does your organization target social media marketing objectives and measure progress? Web site is the hub of the marketing strategy – so traffic most targeted and measured objective Missed opportunity is targeting cost reductions From Buzz to Bucks: Measuring Social Media ROI Page 11
  • 12. Measuring Social Media ROI From Buzz to Bucks: Measuring Social Media ROI Page 12
  • 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 “audience” 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 “audience” 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 “audience” 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 “audience” 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: ‱ 27 real-world examples of what works ‱ 11 case studies from leading companies ‱ 20 charts and tables ‱ 3 special reports ‱ 9 checklists and worksheets ‱ Social media policy template ‱ Special Section: Search and Social ‱ Special Section: Email and Social Special Webinar Offer – SAVE $50 SocialMarketingHandbookSave50.marketingsherpa.com From Buzz to Bucks: Measuring Social Media ROI Page 22
  • 23. B2Bsummitsave700.marketingsherpa.com From Buzz to Bucks: Measuring Social Media ROI Page 23
  • 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 Caturano and Company One of New England’s largest accounting and IT consulting firms Marketing objective to increase client base during recessionary economy From Buzz to Bucks: Measuring Social Media ROI Page 25
  • 26. Situation Analysis Traditional outbound marketing methods more expensive / less effective Growing number of prospective clients are using the web, search and social media to find and assess firms Challenge to transition from traditional marketing to integrated inbound marketing strategy From Buzz to Bucks: Measuring Social Media ROI Page 26
  • 27. Campaign Tactic – Website Marketing Website redesigned as the content hub and conversion point Recruited partners as subject matter experts and thought-leaders to create relevant content Added lead conversion capabilities by requiring registration for content From Buzz to Bucks: Measuring Social Media ROI Page 27
  • 28. Campaign Tactic – Search Marketing Optimized website for keywords in copy, titles, metatags and other SEO elements. Created a partner program to build links 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 – Social Marketing Joined and actively participated in LinkedIn discussion groups on topics of client interest Facebook brand page to build community of “fans” (clients and prospects) 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 68% increase in unique website visitors First page SERPs for 25 targeted keywords 10-15 new leads converted per month Significant % website traffic from social sites From Buzz to Bucks: Measuring Social Media ROI Page 30