VALUE OF SOCIAL ACTIONS
NOT ALL ARE EQUAL
Light engagement High quality engagement Sales
Follow See Watch Talk Share Create Buy
Acquisition Awareness Investment Participation Amplification Creation Sales leads
Follow -owned
social
presences in
social
Like a brand
post on -owned
channels
Watch more
than 75% of a
video
Comment on a
brand post or
engage directly
with
Share content
with own
community
Users create
content and
share with their
communities,
either
unsolicited or
inspired by
campaign
activity
Click through
to ecommerce
page,
demonstrate
intent to
purchase or
recommend a
product to
others
Awareness Amplification Advocacy
“Word of mouth is the primary
factor behind 20-50% of all
purchasing decisions.”
McKinsey, ‘A new way to measure
word-of-mouth marketing’, 2010
“Facebook brand fans spend 43%
more in respective categories versus
non-fans, despite not having higher
income”
Syncapse The Value of a Facebook
Fan, 2013
THE VALUE OF A FAN
OUR RESULTS
Put a monetary value on a
Facebook fan for Skype
Understand reasons for
‘liking’ Skype on Facebook
Based on our findings we
were able to…
Create a simple
measurement framework that
helped solved for ROI
“Building social advocates (people
who share their brand passion with
others) delivers at least a 12x ROI;
more than twice the ROI of other
marketing programs”
Harvard Business Review
Connected
The measure of the
overall reach
generated by social
sharing
Forum
memberships
Fan networks
Follower networks
Blogger
readerships
Involved
The measure of the
actions taken by
voices to create and
share content
Shares
Diggs
Retweets
Posts
Comments
Interactions per
fan
Immersed
The measure of
brand advocacy
Brand love
Expressed
preference
Recommendation
Frequency and
positivity of brand
conversations
Persuasion
Interested
The measure of the
actions taken by
voices to consume
content
Video views
Social traffic
Subscribers
New fans
New followers
Disconnected
All those in social
media not reached
by conversations
and content
Social value to brand
(sales, repeat sales, recommendation driven sales)
ActionsConnections
Low engagement High engagement
MEASURING ADVOCACY
FROM FRENEMY TO SUPERFAN
92% of people trust recommendations
from people they know.
58% trust branded websites.
36% trust ads on social networks.
Nielsen Global Trust in Advertising
Survey, 2014
EQUIVELANT MEDIA VALUE
HOW TO CALCULATE
INDUSTRY STANDARD CPM
Cost per 1000 impressions for
traditional display advertising
TRUST VALUE MULTIPLIER
“WOM value” people trust social
media content more than
traditional advertising
SOCIAL CONVERSION MODEL
MEASURING FRAMEWORK
INFLUENCE
Uplift in brand conversations
Uplift in sentiment
Increase in share of voice
Conversations within new audiences
RETENTION
Community engagement (sharing, liking,
commenting, posting, participating)Advocates
LEADS / CONVERSIONS
Social traffic to website
Leads to partner channels
Community purchase uplift (via polls)
Attributable sales uplift (inc customer transaction
exit polls, campaign/sales correlation, YOY / MOM
uplift)
AWARENESS
Reach of earned conversations
Reach of owned content
Reach of supporting media (bought)
$ media equivalent value for
conversations using our EMV
(equivalent media value) calculator
ACQUISITION
Growth in new fans and followers
Newsletter and forum registrants
$ per fan (qualitative research)
NOKIA advocate program – primary KPI was SHARING
Know what’s important to you – Nokia advocate program we found that their advocates were more likely to share their content key indicator for advocacy was the frequency of how often content was shared, so shares became the defacto measurement KPI of the program
Skype wanted to move away from infrequent video to video usage and increase everyday usage so we looked at frequency of conversations and spontaneous use cases in conversations (also measure multi-feature and mobile usage)
Sky in the UK conversations versus subscriptions
Conversations versus downloads etc.
Value of a fan survey overview
A survey promoted on Skype’s Facebook page to help us gain invaluable insight into who is following us and their Skype usage
Survey looked at:
Reasons for engaging with Skype in social
Frequency of usage
Multi platform usage
Multi feature usage
Paid feature usage
795 people completed the survey with 475 qualifying results
There’s some amazing work being done by brands in this space too – in Colombia you have TalkWOM and Fernando Anzures doing some excellent campaigns, I’m sure we’ll be seeing some more stratgiees and work showcased here in this conference.
There’s some amazing work being done by brands in this space too – in Colombia you have TalkWOM and Fernando Anzures doing some excellent campaigns, I’m sure we’ll be seeing some more stratgiees and work showcased here in this conference.