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1   © 2012 Forrester Research, Inc. Reproduction Prohibited
Win The Social Marketing Measurement Game

Nate Elliott
Vice President and Principal Analyst

September 19, 2012




2   © 2009 Forrester Research, Inc. Reproduction Prohibited
      2012
Marketers struggle to prove the
                          success of their social programs




3   © 2012 Forrester Research, Inc. Reproduction Prohibited
4   © 2009 Forrester Research, Inc. Reproduction Prohibited
      2012
5   © 2012 Forrester Research, Inc. Reproduction Prohibited
6   © 2012 Forrester Research, Inc. Reproduction Prohibited
How to Win the Social Marketing
                                  Measurement Game




8   © 2009 Forrester Research, Inc. Reproduction Prohibited
      2012
Avoid the temptation to oversimplify your metrics




9   © 2012 Forrester Research, Inc. Reproduction Prohibited
Measure social marketing’s value by whether it
 supports your customers’ journey




                Social
                                                               C-Suite
                Team




10   © 2012 Forrester Research, Inc. Reproduction Prohibited
The measurement tactics favored by social teams
 and CEOs both have fatal flaws


  Each measures only one side of the story
       – The social team only cares about what value the customer received

       – The C-suite only cares about what value the company received

  Neither considers the different stages of the customer journey




11   © 2012 Forrester Research, Inc. Reproduction Prohibited
If you’re using social to support the ‘engage’ phase


  Sure, you need to track whether your Facebook page or your Twitter
   account created engagement
       – If you don’t support the customer’s need, your program has failed

       – But supporting the customer, on its own, doesn’t mean you’ve succeeded

  Marketer value from ‘engagement’ actually comes in driving discovery




12   © 2012 Forrester Research, Inc. Reproduction Prohibited
If you’re using social to support the ‘discover’ phase


  You want to know if your word-of-mouth marketing program created reach
   and discovery

  But marketer value from ‘discovery’ actually comes in driving exploration




13   © 2012 Forrester Research, Inc. Reproduction Prohibited
If you’re using social to support the ‘explore’ phase


  You must study whether on-site reviews, forums and blogs gave your
   prospects a chance to explore in greater depth

  But marketer value from ‘explore’ actually comes in driving purchases




14   © 2012 Forrester Research, Inc. Reproduction Prohibited
Marketers should think of social as a board game




15   © 2012 Forrester Research, Inc. Reproduction Prohibited
The C-Suite will want to know
how many times you got to
‘Go’ and collected $200
Marketing mix modeling is the best tool for mapping
 social spending back to ROI




17   © 2012 Forrester Research, Inc. Reproduction Prohibited
Three steps to properly measuring social marketing


 1. Tailor your metrics to each stage of the customer journey.

 2. Measure both sides: Customer value and marketer value.

 3. Hire a good mix modeling vendor.




18   © 2012 Forrester Research, Inc. Reproduction Prohibited
Thank you


Nate Elliott
+1 212.857.0749
nelliott@forrester.com




  © 2009 Forrester Research, Inc. Reproduction Prohibited

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Digiday Brand Conference: ROI in a World Gone Social: Forrester

  • 1. 1 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 2. Win The Social Marketing Measurement Game Nate Elliott Vice President and Principal Analyst September 19, 2012 2 © 2009 Forrester Research, Inc. Reproduction Prohibited 2012
  • 3. Marketers struggle to prove the success of their social programs 3 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 4. 4 © 2009 Forrester Research, Inc. Reproduction Prohibited 2012
  • 5. 5 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 6. 6 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 7.
  • 8. How to Win the Social Marketing Measurement Game 8 © 2009 Forrester Research, Inc. Reproduction Prohibited 2012
  • 9. Avoid the temptation to oversimplify your metrics 9 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 10. Measure social marketing’s value by whether it supports your customers’ journey Social C-Suite Team 10 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 11. The measurement tactics favored by social teams and CEOs both have fatal flaws  Each measures only one side of the story – The social team only cares about what value the customer received – The C-suite only cares about what value the company received  Neither considers the different stages of the customer journey 11 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 12. If you’re using social to support the ‘engage’ phase  Sure, you need to track whether your Facebook page or your Twitter account created engagement – If you don’t support the customer’s need, your program has failed – But supporting the customer, on its own, doesn’t mean you’ve succeeded  Marketer value from ‘engagement’ actually comes in driving discovery 12 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 13. If you’re using social to support the ‘discover’ phase  You want to know if your word-of-mouth marketing program created reach and discovery  But marketer value from ‘discovery’ actually comes in driving exploration 13 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 14. If you’re using social to support the ‘explore’ phase  You must study whether on-site reviews, forums and blogs gave your prospects a chance to explore in greater depth  But marketer value from ‘explore’ actually comes in driving purchases 14 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 15. Marketers should think of social as a board game 15 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 16. The C-Suite will want to know how many times you got to ‘Go’ and collected $200
  • 17. Marketing mix modeling is the best tool for mapping social spending back to ROI 17 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 18. Three steps to properly measuring social marketing 1. Tailor your metrics to each stage of the customer journey. 2. Measure both sides: Customer value and marketer value. 3. Hire a good mix modeling vendor. 18 © 2012 Forrester Research, Inc. Reproduction Prohibited
  • 19. Thank you Nate Elliott +1 212.857.0749 nelliott@forrester.com © 2009 Forrester Research, Inc. Reproduction Prohibited