With a continuously evolving and expanding landscape, we often see professionals (or even entire organizations) completely overwhelmed and intimidated by social media. Want to know a secret? The truth is that social media is not drastically different from traditional communication approaches--the tools are just changing.
This session breaks down the barrier of social media and focuses your efforts back onto strategy and measurement where they belong. After all, how will you know if your efforts are successful if you never measure anything?
For more information on the Loras College 2014 Business Analytics Symposium, the Loras College MBA in Business Analytics or the Loras College Business Analytics Certificate visit www.loras.edu/mba or www.loras.edu/bigdata.
2. AGENDA
I. Who am I?
II. Social Media Confusion
III. Focus on Strategy
IV. Measuring Social Engagement
3. WHO AM I?
• BA in PR and English Lit from Loras College
• MA in PR and Advertising from DePaul University
• Senior Account Executive at Bliss
Integrated Communication
• New Media Strategist and Adjunct Prof.
of Communication at Loras College
5. SOCIAL MEDIA CONFUSION
Social is just a
trend. It will pass.
We need to be on
EVERY social
platform.
We have a
presence, but
we’re scared of
using it.
Social media is
it’s own
discipline, right?
6. SOCIAL MEDIA CONFUSION
• Social media is not drastically different from traditional
communication—it’s new tools for doing old things;
people talking to people.
• ―Technologies are facilitators and enablers, not an end
unto themselves.‖-Courtney Hunt
10. FOCUS ON STRATEGY
Always start with your business objectives.
– A social presence is worthless unless you do
something with it.
– Without objectives you’re posting just to post.
11. FOCUS ON STRATEGY
Always start with your business objectives.
– Objectives should be Specific, Measurable,
Attainable, Realistic, Time-bound.
– Objectives dictate tactics. Tactics do not dictate your
objectives.
12. FOCUS ON STRATEGY
Focusing on business objectives helps your social
program by:
– Giving purpose to the program
– Providing momentum
– Involving your entire organization
– Showing what is working, what is not
13. FOCUS ON STRATEGY
―Strategy is done ABOVE the
shoulders, tactics are done BELOW the
shoulders.‖
-Jeremiah Owyang
15. MEASURING SOCIAL ENGAGEMENT
While social can help impact several business
objectives, initially it may help to narrow your
focus:
– Awareness?
– Sales?
– Retention?
16. MEASURING SOCIAL ENGAGEMENT
Regularly measure social success against your
business objectives with Key Performance
Indicators (KPIs)
– Provides you a baseline to measure fluctuations
– There is not a ―one size fits all‖ approach
17. MEASURING SOCIAL ENGAGEMENT
Business Objective: Increase awareness of our Four
State Flagship Rate by 15% by Q2.
Social KPIs:
– # FB comments on Four State posts
– # Twitter replies on Four State tweets
– Facebook reach
– Twitter reach
– Sentiment
– Facebook shares
– Twitter retweets
– Number of Facebook click-throughs
– Number of Twitter click-throughs
– Etc.
18. MEASURING SOCIAL ENGAGEMENT
When you are identifying
your KPIs, do not get
caught up in the number of
followers or the number of
posts…
23. MEASURING SOCIAL ENGAGEMENT
Your social media strategy and measurement are
never cemented.
As your business objectives change and new
platforms and tools become available, your plan
and measurement must adapt and evolve.
According to an eMarketer study, 80 percent of marketers incorrectly begin with social media tactics instead of objectives.
Use social media as a vehicle to support your pre-existing business objectives.
SMART objectives help you with measurement later on.
Strategies: how and why you will achieve your objectives. What platforms are our target audiences using? Tactics: tools/activities that put strategy into operation.
According to IBM’s Global CMO study, 63% of CMOs want to measure the ROI of social media but one of the biggest social media challenges is figuring out what your organization needs to measure. There is not a one size fits all approach or standard success metrics—instead you have to identify the best KPIs for your organization and weigh the cost of the tools versus the value of the information you get from them. Talk about the different levels of Tracking per Jeffery Cohen: Level 1: Not tracking at allLevel 2: Tracking the basics and listening: followers, likes, shares, commentsLevel 3: Tracking and analyzingLevel 4: Tracking, analyzing, integratinghttp://www.exacttarget.com/blog/social-media-success-metrics-must-be-tied-to-business-goals/
According to IBM’s Global CMO study, 63% of CMOs want to measure the ROI of social media but one of the biggest social media challenges is figuring out what your organization needs to measure. There is not a one size fits all approach or standard success metrics—instead you have to identify the best KPIs for your organization and weigh the cost of the tools versus the value of the information you get from them.
Someone merely clicking follow or like and that is it provides little value to your organization or your business objectives. They are ghost followers and empty numbers.