Now that social media has gone mainstream, many companies are keen to get involved. But even larger brands will want to dip their toe in the water and see proven, quantifiable results before committing to a larger budget, which often means the funds won't stretch to relatively high investment monitoring tools such as Radian or Meltwater.
In the battle to integrate social media solidly into a brand's marketing strategy, it pays to focus initial spend on the essentials and seek out free or low cost monitoring and measurement solutions to draw the essential link between social media investment and return.
In this presentation given as part of the CIPR's social summer, Emily looks at the full range of online tools that do the job and don't cost the earth.
Measuring social media without blowing the budget.v3
1. MEASURING SOCIAL MEDIA WITHOUT
BLOWING THE BUDGET
Emily Leary, @emleary
A copy of this PPT plus further thoughts
on this topic will be available online at
www.thinkingcomms.co.uk
CIPRsm
2. WHY IS MEASUREMENT A PROBLEM?
“PR is an industry fuelled by
hot air with an inherent fear of
metrics and a need to
obfuscate to survive”
Harsh?
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3. THE SITUATION
In the digital age,
we cannot afford to
be fuzzy
We must attempt to
prove that PR / SM /
time/money spent Marketing / Increased
on marketing is Ads profit
generating profit
(directly or
indirectly) for the
business
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4. MORE ACCURATELY
Link between positive
brand sentiment and Positive
sales will never be a brand
clear one sentiment
Digital conversions Improved
more straightforward sales /
retention /
Clear metrics must
profit
be in place at the
outset to credibly Increased
correlate activity and awareness
outcome
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5. THE SIMPLE TRUTH
We must be clear about:
what we're setting out to do
what we achieve
Cannot run a SM campaign
without measurement
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6. THE CATCH 22
How do we fund social measurement tools when social media
activity isn‟t yet proven?
Can't have Can't prove
budget value/need
until value/need without
is proven budget
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7. SCENARIO 1 – THE DABBLER
Director X has been dabbling in SM for 8 months
She's active on Twitter and several Facebook
groups
She's seen referrals come in from people she's sure
she met online
But she doesn't know if the time she's putting in is
justified by what she's getting out
What next?
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8. SCENARIO 2 – THE OPPORTUNITY
Org A has long standing broadcast ad spend that
they believe to be effective
Already metrics in place to measure brand warmth
e.g. Net Promoter Score measurement
Web analytics in place to track conversions
Online marketing team spot small peaks in social
referrals (Twitter, Facebook)
A quick search shows people talking about the
brand
What now?
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9. SCENARIO 3 – THE CRISIS
Brand X is facing a PR crisis – its flagship service
has let a lot of people down
Their PR team are all over it, the furore dies down
Marketing Director X knows this all started with
conversations in social media
He wants to make a case to the board for ongoing
social media listening and management
He needs to build a post mortem of what happened
How?
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10. FREE CAN BE VALUABLE
In these scenarios, the orgs need to:
tweak their web analytics to better track social
establish a way to measure ROI
do some sentiment analysis
design a strategy, agree deliverables
put some metrics in place
and so on.
I can‟t cover the whole process, but lets look at the
free tools that work hard in those scenarios…
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12. WEB ANALYTICS - GOOGLE
http://www.google.c
o.uk/analytics/
For correlating
social media activity
and ROI, web
analytics is the
single most
important tool in
your kit
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13. GOOGLE – SOCIAL DRILL DOWN
http://www.google.c
o.uk/analytics/
For correlating
social media activity
and ROI, web
analytics is the
single most
important tool in
your kit
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14. WEB ANALYTICS - GOOGLE
Old conversion
analytics worked on
„last click‟ ie the last
traffic source before
purchase got the credit
GA now offers multi-
channel funnel /
attribution modelling
We can see how SM
contributes to sales
We can estimate ROI
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16. GOOGLE: GET TO GRIPS WITH BOOLEAN
http://www.googl
e.co.uk/advanced
_search
AND, OR, NOT –
particularly useful
for brand names
that are also
common phrases
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17. GOOGLE: AUTOMATE WITH ALERTS
http://www.googl
e.com/alerts
Again, use
intelligent
phrasing to focus
your searches
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19. ON PLATFORM – YOUTUBE INSIGHT
http://www.youtu
be.com/t/advertisi
ng_insight
Drill into your
views to view
traffic sources,
retention,
demographics
etc.
Export to Excel
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21. 3RD PARTY FORUMS – BOARDREADER
http://www.boardr
eader.com
Forum search
Basic trend data
Subscribe to get
searches by
email alert
Browse topics
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23. ON PLATFORM – FACEBOOK INSIGHTS
https://www.f
acebook.com
/[yourpagena
me]?sk=page
_insights
Get to know
all the Insight
metrics
available to
you
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24. ON PLATFORM – FACEBOOK INSIGHTS
https://www.face
book.com/[your
pagename]?sk=
page_insights
Export to Excel
regularly – can
form the basis
of your reporting
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26. ON PLATFORM – TWITTER SEARCH
https://twitter.com
/search-
advanced
Again, great for
filtering out
irrelevant terms
Bookmark search
results URL so
you can run
specific searches
again in future
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27. 3RD PARTY TWITTER – TWITTER COUNTER
http://www.
twittercounter.co
m
Track follower
growth
Run competitior
comparisons
Paid subscription
for advanced
tracking and
export to Excel
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28. 3RD PARTY TWITTER – TWITALYZER
http://twitalyzer.c
om
Analyse by
Twitter name
Top line topic,
hashtag, impact
and influence
data
Paid subscription
required for
further drill down
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29. 3RD PARTY TWITTER – TWEETSTATS
http://www.tweets
tats.com
Graphs showing
perfomance and
interaction data
for any Twitter
handle
Service currently
offline
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30. 3RD PARTY TWITTER – TWAZZUP
http://www.twazz
up.com
Useful for a
snapshot of a
breaking story
See a live feed +
highlights + who
the influencers
are
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31. 3RD PARTY TWITTER – HASHTRACKING
http://www.hashtr
acking.com
Generate a report
for any hashtag
Snapshot
analytics for
reach, key
influencers
Currently in
closed beta
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32. 3RD PARTY TWITTER – TOPSY
http://www.topsy.c
om
Real-time,
grouped search
results
Drill down by links,
multimedia,
contributors
Set up email alerts
Also works for
Google+
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34. 3RD PARTY ALL – SOCIALMENTION
http://www.socialm
ention.com
Search by
platform, media
type
Basic sentiment
analysis
Top users,
keywords
Set email alerts
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35. 3RD PARTY ALL – ADDICTOMATIC
http://www.
addictomatic.com
Multi-platform,
dashboard style
results
Filter by platform
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36. 3RD PARTY ALL – ICEROCKET
http://www.icerocke
t.com
Search blogs,
Twitter, Facebook,
images, video
Handy all-in-one
dashboard
Auto-refresh, Save
and RSS feed for
results
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37. 3RD PARTY ALL – TWENTY FEET
https://www.twentyfe
et.com/
Collates data from
Twitter, Facebook
Analyses reputation,
influence,
conversations
Requires sign up
Paid subscription to
access YouTube,
MySpace, bit.ly and
GA dashboard
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38. WEB ANALYTICS – OPEN SITE EXPLORER
http://www.
opensiteexplorer.o
rg
Enter any URL
(root domain or
specific campaign
page) and find out
who‟s linking to it
Guest users
limited to running
3 reports per day
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39. LINK SHORTENERS
Clicks go through a proxy, allowing
analysis of traffic, demographic,
virality etc
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40. RANKING TOOLS AND CHARTS
Useful (if flawed) algorithmic
tools for tracking influence
and identifying influencers
Search by topic for top
influencers / stories
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42. BRINGING IT ALL TOGETHER
The toughest part of a free-tool-only approach to social
media monitoring/measurement is bringing it all together
Most free tools offer no „save‟ option, so data is transient
Excel (or any spreadsheet prog) is your new best friend!
Set up your chosen metrics in a spreadsheet
Regularly transfer raw data in a consistent manner
Map data over time, spot trends, and correlate findings in
ways not possible with any one free tool
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44. THE PROBLEM WITH FREE?
Need to
manually
sift data
Rarely
Accuracy
fully
issues
comprehensive
FREE
Hard / Struggle with
impossible to high volume
customise data
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45. LOW(ER) COST PAID TOOLS
If you have budget, but not
£000s/month, you could consider
From
$49
pcm
From
$300
pcm
From
$499
pcm
CIPRsm
47. THE SITUATION
In the digital age,
we cannot afford to
be fuzzy
We must attempt to
prove that PR / SM /
time/money spent Marketing / Increased
on marketing is Ads profit
generating profit
(directly or
indirectly) for the
business
CIPRsm