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Reaching Social Media Monitoring
& Measurement ROI in 35 minutes




Marshall Sponder
Introduction
Marshall Sponder is the CEO/Founder of WebMetricsGuru INC , a
Social Analytics Solutions Design, Social Media Analytics, Web Data
Analysis and SEO/SEM Practice focusing on cutting edge market
social research and social media trend analysis.


Marshall is Board Member Emeritus at the Web Analytics Association
and Member of the Search Engine Marketing Professionals
Organization (SEMPO) and teaches Analytics at Rutgers University
and the University of California, IRVINE extension (UCI)


He’s also the author of Social Media Analytics: Effective Tools for
Building, Interpreting, and Using Metrics, published by McGraw-Hill,
2012.
5 Questions



•   Where do I Start? Platform?
•   Tools vs. Process vs. Strategy?
•   What’s a Fan Worth?
•   How much Time/Money should I spend?
•   Where’s the ROI?
5 Observations



•   No Process
•   Success Undefined
•   90 % Unstructured
•   Time Consuming
•   Hard to do, Scale,
     esp. at the beginning
Getting from 0
      to 60 mph in
        35 Minutes
•   Platforms
•   Use cases
•   Level of maturity (for ROI)
•   Social Media Analytics Plans
•   Goals, Strategies and Tactics
•   Dashboards
•   New Approaches
•   Practice Examples
4 types
    of
platforms
Self-serve

  Hybrid

Full Service

  Internal
Platform Definitions Self serveAlterian SM2, etc.
 4 Types - Definitions
                       Radian6,
                                – Brandwatch,


                          Full service – Brandtology,
                          Synthesio, Converseon,
                          Integrasco, etc.

                          Hybrid – Additional
                          Reporting included with Self
                          Serve.

                          Internal – Some companies
                          build their own listening and
                          analytics platforms for
                          internal/private use.
Thoughts on Choosing to Measure SM
1. Hard, Initially – need to access what your goals are
   (stakeholder consensus)
2. How are you marketing products and services (and plugged
   in Social Media)?
3. Do you have a model on how customer interaction is meant
   to happen? How is it actually happening?
4. How are you measuring each interaction? Can you?
5. What are the two or three things you must know about
   (KPI’s) in order to know how well your
   efforts/programs/campaigns are doing with Social Media?
6. How do you “frame” your business goals in such a way that
   you can determine the best platforms / tools / processes /
   people to employ? (hint, this is what I do)
Use Cases & Objectives
#1 -What do you want to do?
• Brand Analysis
• Sentiment Analysis
    • Market Research
         • Seo & Sem Social Media

                   • International Monitoring
                        • Campaign Management

                            • Competitive Analysis

                              • Influencer Identification
#2 Why? Use case will highlight needed
                toolset features

                      Consumer            PR Monitoring &
                                                            Social Campaigns
                      Research                Support
                                                            Automating of the
                    Listening for          Listening and
                                                              engagement
                       Insights            Engagement

                    Social Media            Traditional
                     Coverage*                Media             Workflow
                                            Coverage*

                    NLP (machine             Influencer        Operational
                      learning)            Identification       Metrics


                         Rich                  Topic
                                                               Low-Latency
                    Categorization         Categorization



Adapted from Gary Angel – Semphonic.com
# 3 Which                                           Operational
                                                     Metrics
  tools?
                                      Advanced                      Listening &

  …might                             NLP Analysis                    Influence
                                                                   Categorization


need more
 than one

…depends                              Customer
                                        Data
                                                                     Listening &
                                                                         Web
on framing                           Integration                      Analytics


 what and
  why’s                                             Engagement
                                                     & Attrition

Care of Gary Angel – Semphonic.com
What can you operationalize?
Consider your Social Analytics ROI Maturity Level
Size of Your Business often determines
      how many SM Channels are active
1. Need to be active where your customers/followers
   are.
2. Need to determine what are the most profitable
   channels to be active in.
3. Need to come up with a business strategy that
   maximizes the communications within those
   channels.
4. Need to come up with a Measurement Strategy that
   is aligned with the business strategy.
5. Need to tightly MAP/TIE the business / measurement
   strategy to brick and mortar transactions whenever
   possible.
What level of Maturity is your
            organization operating at?

                                                         4. Scaling &
1. Dormant          2. Testing         3. Coordinating                  5. Empowering
                                                         Optimization
 Resistant to any
                                                                          Organization
 use of social                         Management
                                                         Organizational empowers all
 technologies       Individuals or     begins to
                                                         shift toward     relevant
 due to             departments        coordinate
                                                         growing and      employees;
 unwillingness to   test in isolated   across teams
                                                         improving social fosters &
 participate or     pockets            and
                                                         applications     rewards top
 "analysis                             departments
                                                                          performers
 paralysis"


Source: Forrester Research
Example (maturity): AMEX Measureable ROI




Tie Social Media (geo location /
Mobile) with the Point of Sale
appears to be the Holy Grail – esp.
for Retailers – others need to be
more creative about tie-ins and
measurement strategies.
Example: American Express YourBuzz
         Measureable ROI
Example: American Express
  SearchManager Measureable ROI




Link all your activity to the AMEX card – also provide services
to them (which are measureable) – Smart!
Mature Organizations are selective about the
technologies employed and how they are used –
workflow and collaboration tools are highlighted




        Source: Collective Intellect
Map Marketing Strategy to Site /Business Enablement Strategy – then Score
the Results – HEARDABLE does part of this job for you using Site Metadata
According to Heardable – Dell gets a B, even though it’s clearly a
leader in Social Media ROI (at least from the Retail/
Merchandizing perspective)
According to Heardable – Dell gets a B, though it’s clearly a
leader in Social Media ROI (at least from the Retail/ Merchandizing
perspective), it may not have mapped is content enablement
strategy with it’s social and analytics enablement strategy
Planning for Success
THE PLAN = GOALS + STRATEGIES + TACTICS
Very basic business plan with measurement hooks –
Examples of Typical Business Goals (Business Objectives)
      Business Goal                         Target

Increase Market Share by X%             (this/next Y/Q)
Increase Business Income/Profit by X%   (this/next Y/Q)
Save X% of our quarterly spent          (this/next Y/Q)
Improve Productivity by X%              (this/next Y/Q)
Improve Services provided by X%         (this/next Y/Q)
Increase Company Profit by X%           (this/next Y/Q)
Improve Team Productivity by X%         (this/next Y/Q)
Align Marketing and Measurement



     Marketing                          Measurement




When the foundation of a house is not set right – the walls
       crack. Having the right Framework helps
Biz/Measurement Plan – WebMetricsGuru INC
My GOAL:
Increase Business Income 1600%+ this year

among    Corporate Business Execs I speak with
at        Conferences and Book Signings

during    2012


through My writings, virtual appearances, and in
        person presentations.
Biz/Measurement Plan – WebMetricsGuru INC

I guide my audiences and customers to
   Better understand and Invest in the best
   technologies, process and people by retaining me


to help Design and implement successful online
them social customer intelligence listening
        projects

Where    All over the world
Biz/Measurement Plan – WebMetricsGuru INC

Where my success will be judged by (KPI’s)


             • % of new customer signups
              retaining me


             • % rise in my bank account
              balance this quarter

             •% increase in online buzz
My Sample Dashboard
                          Date        Bank Deposit
  Date   Latest Clients
                                                                 $$$$ in Bank Deposits
  Jan    abc              Jan         $$$            900
  Jan    efg                                         800
                          Jan         $$$            700
  Jan    hij                                         600
                          Jan         $,$$$
  Feb    klm                                         500
                          Feb         $,$$$          400
  Feb    nop                                         300
  Mar    qrs              Feb         $,$$$          200
                                                     100
  Mar    uvw              Mar         $$,$$$           0

                          Mar         $,$$$
                                                           Jan         Feb       Mar     Apr



               Online Buzz/Mentions                                Bank/Buzz %
160
140
120
                                                                                               1st Qtr
100
 80                                                                                            2nd Qtr
 60
 40                                                                                            3rd Qtr
 20
  0                                                                                            4th Qtr
Sailing into a New Approach

Aeros ML866.
Source: Tuvie.com
Real Time (social) Data may
 require more of a Forensic
      approach than is
         typical for
   Social Media projects



    http://www.amazon.com/Pulse-Science-Harnessing-Internet-
    Opportunities/dp/0470932368
Forensic Paradigm for Social (real time) data
• What Measures do you want to track?


• What Decisions would you make differently were
  one of the measures surprisingly high or low?


• What is the threshold of the measure? At what
  point if the value was exceeded or dipped would an
  alternative action take place?
                         Source: Douglas Hubbard - The Pulse
Example
Client: Measure positive to negative ratio around the a new
Android phone being launched to the public using only
Twitter, Facebook and a blog contest and comments.

Analyst: Very Interesting – Why do you want to do with this
information?

Client: Want to know if my blogger relations program is
working and if I should add more bloggers to the contest of
the 2000 that entered .

Analyst: What is the level of online buzz would the campaign
fall below before you would add more bloggers to the
program?
Example
Client: Depends on a few factors. Less than 75 tweets
a week from the first 25 bloggers or less than 300
Retweets from their followers in aggregate, we might
want to double the number of bloggers in the
program.

Analyst: Great! Lets try to nail down those triggers so
we can build that into our analytics for you.

[Triggers and Thresholds were then defined]
Square turns the iPad into a cash register

                     Ultimate Social
                         Media
                      Measureable
                          ROI
                        by connecting
                        POINT OF SALE
                         systems with
                         Social Media
Let’s try an Analytics Game
• Pick a random set of
  –   Your Goal(s)
  –   Your Audiences
  –   Your Internal Audiences
  –   Your Budget
  –   Your Location
  –   Your Program/Service/Offering
  –   Your Vehicle
  –   Your Call to Action
  –   Your Metrics / KPI’s
Example
A Large Telecommunications Network in Australia
Your Goal – Increase sales of handsets in 1Q 2012

  – Your Audiences – Gen X/Y females
  – Your Internal Audiences - (Corporate Marketing)
  – Your Budget - 600,000 Australian Dollars
  – Your Location – Australia
  – Your Program/Service/Offering – New Rate Plan for young
    females
  – Your Call to Action – Sign up now
  – Vehicle -Website Signup form, local signup in store, mobile signup
    in handset, Facebook Ads, Search
  – Your Metrics / KPI’s – % Buzz, Net Promoter Score, SOV, SOC, plus
    more
Your Template
                  (beware of “black boxes”)
  Goal(s):                                              Audience:
                                            among

  Location:                                  Timing :
                                                                           through/ with

Vehicle (how your going to do it):   Venues (where your going to do it):
                                                                           ask fans and
                                                                           customers to

  Message (Call(S) to Action):
                                                    Regarding our

  Product / Service / Program
                                                                Success will be
                                                                judged by
  Metrics/KPI’s
EXTRA - UltraViolet Audit
Summary
1. Framing your business goals and measurement strategy
   with the right tools, process and people is the hardest part
   of Social Media ROI.
2. The companies most “mature” in the Social Maturity
   Spectrum are the most likely to be able to measure Social
   Media ROI and profit from their investments in Social
   Media. [Graduate from EXPLORATORY (research –i.e.: UV
   Audit) into TACTICAL MEASURES & KPI’s).
3. Framing and Mapping Business and Measurement
   Strategies happens at the same time, for the best results.
4. You can get a high level plan created fairly quickly with the
   exercises covered in this deck – which will help illuminate
   where you need to measure and what’s missing (gaps).
Questions ?

 Contact me at
@webmetricsguru
Contact


Marshall Sponder
WebMetricsGuru INC.

www.smabook.com
www.webmetricsguru.com

now.seo@gmail.com
@webmetricsguru
@smanalyticsbook

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Social media analytics roi sydney au- 3-19-12-final - skype

  • 1. Reaching Social Media Monitoring & Measurement ROI in 35 minutes Marshall Sponder
  • 2. Introduction Marshall Sponder is the CEO/Founder of WebMetricsGuru INC , a Social Analytics Solutions Design, Social Media Analytics, Web Data Analysis and SEO/SEM Practice focusing on cutting edge market social research and social media trend analysis. Marshall is Board Member Emeritus at the Web Analytics Association and Member of the Search Engine Marketing Professionals Organization (SEMPO) and teaches Analytics at Rutgers University and the University of California, IRVINE extension (UCI) He’s also the author of Social Media Analytics: Effective Tools for Building, Interpreting, and Using Metrics, published by McGraw-Hill, 2012.
  • 3. 5 Questions • Where do I Start? Platform? • Tools vs. Process vs. Strategy? • What’s a Fan Worth? • How much Time/Money should I spend? • Where’s the ROI?
  • 4. 5 Observations • No Process • Success Undefined • 90 % Unstructured • Time Consuming • Hard to do, Scale, esp. at the beginning
  • 5. Getting from 0 to 60 mph in 35 Minutes • Platforms • Use cases • Level of maturity (for ROI) • Social Media Analytics Plans • Goals, Strategies and Tactics • Dashboards • New Approaches • Practice Examples
  • 6. 4 types of platforms
  • 7. Self-serve Hybrid Full Service Internal
  • 8. Platform Definitions Self serveAlterian SM2, etc. 4 Types - Definitions Radian6, – Brandwatch, Full service – Brandtology, Synthesio, Converseon, Integrasco, etc. Hybrid – Additional Reporting included with Self Serve. Internal – Some companies build their own listening and analytics platforms for internal/private use.
  • 9. Thoughts on Choosing to Measure SM 1. Hard, Initially – need to access what your goals are (stakeholder consensus) 2. How are you marketing products and services (and plugged in Social Media)? 3. Do you have a model on how customer interaction is meant to happen? How is it actually happening? 4. How are you measuring each interaction? Can you? 5. What are the two or three things you must know about (KPI’s) in order to know how well your efforts/programs/campaigns are doing with Social Media? 6. How do you “frame” your business goals in such a way that you can determine the best platforms / tools / processes / people to employ? (hint, this is what I do)
  • 10. Use Cases & Objectives
  • 11. #1 -What do you want to do? • Brand Analysis • Sentiment Analysis • Market Research • Seo & Sem Social Media • International Monitoring • Campaign Management • Competitive Analysis • Influencer Identification
  • 12. #2 Why? Use case will highlight needed toolset features Consumer PR Monitoring & Social Campaigns Research Support Automating of the Listening for Listening and engagement Insights Engagement Social Media Traditional Coverage* Media Workflow Coverage* NLP (machine Influencer Operational learning) Identification Metrics Rich Topic Low-Latency Categorization Categorization Adapted from Gary Angel – Semphonic.com
  • 13. # 3 Which Operational Metrics tools? Advanced Listening & …might NLP Analysis Influence Categorization need more than one …depends Customer Data Listening & Web on framing Integration Analytics what and why’s Engagement & Attrition Care of Gary Angel – Semphonic.com
  • 14. What can you operationalize? Consider your Social Analytics ROI Maturity Level
  • 15. Size of Your Business often determines how many SM Channels are active 1. Need to be active where your customers/followers are. 2. Need to determine what are the most profitable channels to be active in. 3. Need to come up with a business strategy that maximizes the communications within those channels. 4. Need to come up with a Measurement Strategy that is aligned with the business strategy. 5. Need to tightly MAP/TIE the business / measurement strategy to brick and mortar transactions whenever possible.
  • 16. What level of Maturity is your organization operating at? 4. Scaling & 1. Dormant 2. Testing 3. Coordinating 5. Empowering Optimization Resistant to any Organization use of social Management Organizational empowers all technologies Individuals or begins to shift toward relevant due to departments coordinate growing and employees; unwillingness to test in isolated across teams improving social fosters & participate or pockets and applications rewards top "analysis departments performers paralysis" Source: Forrester Research
  • 17. Example (maturity): AMEX Measureable ROI Tie Social Media (geo location / Mobile) with the Point of Sale appears to be the Holy Grail – esp. for Retailers – others need to be more creative about tie-ins and measurement strategies.
  • 18. Example: American Express YourBuzz Measureable ROI
  • 19. Example: American Express SearchManager Measureable ROI Link all your activity to the AMEX card – also provide services to them (which are measureable) – Smart!
  • 20. Mature Organizations are selective about the technologies employed and how they are used – workflow and collaboration tools are highlighted Source: Collective Intellect
  • 21. Map Marketing Strategy to Site /Business Enablement Strategy – then Score the Results – HEARDABLE does part of this job for you using Site Metadata
  • 22. According to Heardable – Dell gets a B, even though it’s clearly a leader in Social Media ROI (at least from the Retail/ Merchandizing perspective)
  • 23. According to Heardable – Dell gets a B, though it’s clearly a leader in Social Media ROI (at least from the Retail/ Merchandizing perspective), it may not have mapped is content enablement strategy with it’s social and analytics enablement strategy
  • 25. THE PLAN = GOALS + STRATEGIES + TACTICS
  • 26. Very basic business plan with measurement hooks –
  • 27. Examples of Typical Business Goals (Business Objectives) Business Goal Target Increase Market Share by X% (this/next Y/Q) Increase Business Income/Profit by X% (this/next Y/Q) Save X% of our quarterly spent (this/next Y/Q) Improve Productivity by X% (this/next Y/Q) Improve Services provided by X% (this/next Y/Q) Increase Company Profit by X% (this/next Y/Q) Improve Team Productivity by X% (this/next Y/Q)
  • 28. Align Marketing and Measurement Marketing Measurement When the foundation of a house is not set right – the walls crack. Having the right Framework helps
  • 29. Biz/Measurement Plan – WebMetricsGuru INC My GOAL: Increase Business Income 1600%+ this year among Corporate Business Execs I speak with at Conferences and Book Signings during 2012 through My writings, virtual appearances, and in person presentations.
  • 30. Biz/Measurement Plan – WebMetricsGuru INC I guide my audiences and customers to Better understand and Invest in the best technologies, process and people by retaining me to help Design and implement successful online them social customer intelligence listening projects Where All over the world
  • 31. Biz/Measurement Plan – WebMetricsGuru INC Where my success will be judged by (KPI’s) • % of new customer signups retaining me • % rise in my bank account balance this quarter •% increase in online buzz
  • 32. My Sample Dashboard Date Bank Deposit Date Latest Clients $$$$ in Bank Deposits Jan abc Jan $$$ 900 Jan efg 800 Jan $$$ 700 Jan hij 600 Jan $,$$$ Feb klm 500 Feb $,$$$ 400 Feb nop 300 Mar qrs Feb $,$$$ 200 100 Mar uvw Mar $$,$$$ 0 Mar $,$$$ Jan Feb Mar Apr Online Buzz/Mentions Bank/Buzz % 160 140 120 1st Qtr 100 80 2nd Qtr 60 40 3rd Qtr 20 0 4th Qtr
  • 33. Sailing into a New Approach Aeros ML866. Source: Tuvie.com
  • 34. Real Time (social) Data may require more of a Forensic approach than is typical for Social Media projects http://www.amazon.com/Pulse-Science-Harnessing-Internet- Opportunities/dp/0470932368
  • 35. Forensic Paradigm for Social (real time) data • What Measures do you want to track? • What Decisions would you make differently were one of the measures surprisingly high or low? • What is the threshold of the measure? At what point if the value was exceeded or dipped would an alternative action take place? Source: Douglas Hubbard - The Pulse
  • 36. Example Client: Measure positive to negative ratio around the a new Android phone being launched to the public using only Twitter, Facebook and a blog contest and comments. Analyst: Very Interesting – Why do you want to do with this information? Client: Want to know if my blogger relations program is working and if I should add more bloggers to the contest of the 2000 that entered . Analyst: What is the level of online buzz would the campaign fall below before you would add more bloggers to the program?
  • 37. Example Client: Depends on a few factors. Less than 75 tweets a week from the first 25 bloggers or less than 300 Retweets from their followers in aggregate, we might want to double the number of bloggers in the program. Analyst: Great! Lets try to nail down those triggers so we can build that into our analytics for you. [Triggers and Thresholds were then defined]
  • 38. Square turns the iPad into a cash register Ultimate Social Media Measureable ROI by connecting POINT OF SALE systems with Social Media
  • 39. Let’s try an Analytics Game • Pick a random set of – Your Goal(s) – Your Audiences – Your Internal Audiences – Your Budget – Your Location – Your Program/Service/Offering – Your Vehicle – Your Call to Action – Your Metrics / KPI’s
  • 40. Example A Large Telecommunications Network in Australia Your Goal – Increase sales of handsets in 1Q 2012 – Your Audiences – Gen X/Y females – Your Internal Audiences - (Corporate Marketing) – Your Budget - 600,000 Australian Dollars – Your Location – Australia – Your Program/Service/Offering – New Rate Plan for young females – Your Call to Action – Sign up now – Vehicle -Website Signup form, local signup in store, mobile signup in handset, Facebook Ads, Search – Your Metrics / KPI’s – % Buzz, Net Promoter Score, SOV, SOC, plus more
  • 41. Your Template (beware of “black boxes”) Goal(s): Audience: among Location: Timing : through/ with Vehicle (how your going to do it): Venues (where your going to do it): ask fans and customers to Message (Call(S) to Action): Regarding our Product / Service / Program Success will be judged by Metrics/KPI’s
  • 43. Summary 1. Framing your business goals and measurement strategy with the right tools, process and people is the hardest part of Social Media ROI. 2. The companies most “mature” in the Social Maturity Spectrum are the most likely to be able to measure Social Media ROI and profit from their investments in Social Media. [Graduate from EXPLORATORY (research –i.e.: UV Audit) into TACTICAL MEASURES & KPI’s). 3. Framing and Mapping Business and Measurement Strategies happens at the same time, for the best results. 4. You can get a high level plan created fairly quickly with the exercises covered in this deck – which will help illuminate where you need to measure and what’s missing (gaps).
  • 44. Questions ? Contact me at @webmetricsguru

Editor's Notes

  1. A disused photo processing lab called 35 Minutes (35 分) has become one of Tokyo's most important artist-run galleries. Generating a cult following over the past year, the tiny space in a minor neighborhood (Araiyakushi -- check the map!) hosts only one show per month: a photography exhibition by seven photographers called "35 Minutesmen.“http://www.cnngo.com/tokyo/play/35-minutes-photo-lab-art-gallery-508857
  2. Art -I Saw the Figure 5 in GoldCharles Demuth  (American, Lancaster, Pennsylvania 1883–1935 Lancaster, Pennsylvania)Date:1928Medium:Oil, graphite, ink, and gold leaf on paperboard (Upson board)Dimensions:35 1/2 x 30 in. (90.2 x 76.2 cm)Classification:PaintingsCreditLine:Alfred Stieglitz Collection, 1949Accession Number:49.59.1This artwork is currently on display in Gallery 910
  3. Four Horsemen of the Apocalypse: Durer
  4. Lady Gaga Fan http://hausofdavid.tumblr.com/post/4831641969/accept-no-ones-definition-of-your-life-define
  5. People often don’t know what a use case is, or which one fits them the best - http://1.bp.blogspot.com/-8tmfT1QqtEs/T10RvjyDDEI/AAAAAAAABWQ/ohyszj422MA/s1600/coolest-pc-cases.jpg
  6. This Diagram focuses on tools more than process – keep that in mindGoals and approach aren’t the same thing – a goal of “consumer research into the voice of the customer” might be too vague to be effective. People often call the approach, the goal, but it’s not the same thing for more mature clients, who tend to be more clear and specific about what their business goals are.
  7. Need to choose the best tools and platforms to match the use case – when you have more than one use case, may need multiple sets of tools, adding complexity and workflow requirements to your projects – also may make it more difficult to scale/automate
  8. Small business have different needs – larger businesses may be able to operationalize – and the more mature (in terms of technology adoption and business goal alignment) the more these technologies can be taken advantage of.
  9. Note, try as I might, it’s next to impossible to find a chart that measures where businesses are at in the maturity level – all assessments are self generated, which makes sense, as a company can quickly change the level of maturity they operate at, and information from a year or two back may no longer reflect where the company is today.
  10. American Express shows they understand both technology and business and have embraced both creating products and services that serve their customers needs (add value) and also provide excellent measurement opportunities.
  11. American Express shows they understand both technology and business and have embraced both creating products and services that serve their customers needs (add value) and also provide excellent measurement opportunities.
  12. Very basic business plan with measurement hooks – anyone can think like this – result is visual, easy to diagnose issues
  13. Ideally, this kind of conversation would lead to some defined actions and triggers that could be set up as Alerts. Real Time Data presupposes real time responses.
  14. The more often you can connect payment systems with social media efforts – at least, when your business has a tangible product or service than can be charged for, the more likely you can get the actual readouts showing ROI that most marketers are asking for.