2. Antâs Eye View Sean OâDriscoll CEO Antâs Eye View 425-443-7064 Beyond Fans and Followers: Measuring Social Media Impact Beyond Fans and Followers: Measuring Social Media Impact Sean OâDriscoll | Antâs Eye View | @seanodmvp | Sean@AntsEyeView.com
3. Measurement is a Journey "Men wanted for hazardous journey. Small wages. Bitter cold. Long months of complete darkness. Constant danger. Safe return doubtful. Honour and recognition in case of success.â Ernest ShackletonThe Endurance Expedition 3
4.
5. 30% of social network users have discovered a new product, service or company through a social network (Performics/Publicis Survey 2009)
6. 97% of consumers use online media to research products or services in their local area (BIA/KelseyGroup 2010)
7.
8. Setting the Scene for the Journey⌠Features & Price The economy has slowed in major markets, making organic growth harder to achieve. The battle with existing competitors is even more intense. Emerging market competitors are fighting on price and functionality while ankle biters are coming out of the woodworks as barriers to entry in your brandsâ categories. To make matters more challenging, your traditional marketing tactics are less effective. And consumers trust and are heavily influenced by peers, friends and even strangers online. Consumers are rapidly switching away from the channels youâve honed for years, and every available channel has gotten a lot noisier. Not to mention, the rapid adoption and growing confidence with digital tools such as mobile devices and social technologies have changed expectations in consumersâ minds â they now expect engagement and service in real-time. Internally, your employees are also changing. Your newest employees demand a flatter and more open environment. And their expectations arenât significantly different than that of consumers â they expect collaboration in real-time with few, if any, barriers to information and resources. To compete in this experience economy, the way to beat competitors and achieve growth is by investing in long-term relationships with your consumers through consistent engagement in the places where they are, not where you necessarily want them to be. Employee Expectations Influence Model Changes Win on Relationships 6
49. Now, âŚto our Measurement Journey Programs Sophistication of Efforts Ideally, you start & set expectations that you are here Efforts here are scaled, predictable and resourced If you are here, measures may be too strict to achieve If you are here, you arenât scaling or driving biz results Experimentation Early Stage Late Stage Lifecycle of Efforts Many companies hope to achieve specific business objectives quickly online, but measurement takes time
50. The âHardâ Part⌠Social Media Activity Business Impact Awareness Engagement Lead Generation Demand Generation Cost Savings Product Quality Fans Followers Likes Shares ReTweets Comments Embeds RSS Feeds Measurement Goal: Show the connection between online customer engagement and business value.
How does the reporting out process change (form and audience) (Metrics vs scorecard)How is measurement tracked (informal vs automation)Exec receptivity (Non involved, need more, makes changes)How fast do you act on the measures?\\Research / data miningAnother dimension: Data to Activity metrics to brand health/consideration metrics to financial/ops metrics to well balance mix of metrics