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Social Media: Measuring Effectiveness

 Dave Evans,
 Author, “Social Media Marketing: An Hour a Day”
 Principal, Social Web Strategies

 Where Social Media and Health Care Meet-
 Harnessing New Media Tools

 Thursday, June 18, 2009  THA Headquarters
Outline

 The Driving Factors
 The Social Feedback Cycle
 Social Media Metrics
 Web Analytics
 Quantifying the Social Web




                               2
The Original Dream

“I had (and still have) a dream that the web could be
less of a television channel and more of an interactive
sea of shared knowledge. I imagine it immersing us as a
warm, friendly environment made of the things we and
our friends have seen, heard, believe or have figured
out. I would like it to bring our friends and colleagues
closer, in that by working on this knowledge together
we can come to better understandings.”

      --Tim Berners Lee, 1995
The Current Landscape




As people take control over their data while spreading their Web
presence, they are not looking for privacy, but for recognition as
individuals. This will eventually change the whole world of advertising.
   - Esther Dyson, 2008
The Audience




  Consumption and participation are indicators of the clear trend.
Reinforcement and confidence…




 *
The Purchase Funnel


       be aware
                      consider
                                 buy




    brand awareness                    keyword
                                                 relative media spending
The Social Feedback Cycle
            marketer-generated                       consumer-generated
              (Think “funnel”)                       (Think “megaphone”)

       be aware                                                       talk
                       consider                  form opinion
                                     buy      use

                                                                                     word-of-mouth




                      Social content, networks, and interactions




    brand awareness                        keyword
                                                                   relative media spending
The Social Flywheel




It takes money to drive the purchase funnel. It takes a great product or
experience to drive the flywheel. Over the long-term, the Flywheel always wins.
The Core Cycle




The cycle connects conversion and popular measurements—e.g., engagement
and influence—with fundamental “try-buy-talk” consumer purchase behaviors.
Touchpoint Analysis



                          Experiences that get talked
                        about add up to conversations.
                            You can measure this!




 People experience different aspects of brands in different ways and
  places. Understanding these experience drivers is the first step in
 tapping word-of-mouth. Doing something with them is the second.
Touchpoint Analysis

                                     Functional                                                  Customer                                              Channel


                                                     n




                                                                                                                                                                  e
                                                   io




                                                                                                         er




                                                                                                                                                                nc
                                                at
 Performance of touchpoint




                                                                                                              consistency of touchpoint
                                                                                                      om
                                                         Importance of touchpoint




                                                                                                                                                             rie
                                                  s
                                               er




                                                                                                    st




                                                                                                                                                           pe
                                            nv




                                                                                                  cu




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                                          co




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                                      e




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                                                                                           e
                                     iv




                                                                                         lu




                                                                                                                                               ica
                                 sit




                                                                                       va
                              po




                                                                                                                                             pl
                                                                                                                                           re
                             talk-value                                             talk-value                                            talk-value



                                  There are multiple views of touchpoint analysis. Choose
                                  the one(s) that expose the aspects of your business that
                                    matter to your customers, and, that you can control.
Touchpoint Optimization

                     ???
     performance




                                                         ???


                                                   talk-value



                   Identify and focus on what gets talked about.
Influencers and Profitability


                    profitable
profitability




                   not profitable
Influencers and Profitability

                       profitable                   profitable
                     non-influential                influential
     profitability




                      not profitable              not profitable
                     non-influential               influential



                            degree of influence
Influencers and Profitability

                       profitable                           profitable
                     non-influential                    influential
     profitability




                      not profitable                  not profitable
                     non-influential                    influential


                                                                         You can measure this!
                            degree of influence

                                             I’d slam you           I’d promote you
Social Media Measurement

 Raw Data
  – Google Alerts
 Conversational Data
  – BlogPulse
  – Cymfony
  – Techrigy
  – Radian6
  – Collective Intellect
 Diagnostic Data
  – Net Promoter
Social Media Dashboards
Web Analytics
Measurement Points


     Web Analytics
           Relevance
                            Social Media Monitoring
          {
                                {   Content
  {

                      {
            Impact

       Pipeline Metrics
Evaluating Content: Audience

  Metric            Source                 Reveals

  Blog Posts        BlogPulse              Who is talking about you,
  Tweets            Cymfony                what people are saying
  Mentions of:      Techrigy               about you and your industry.
  Brand, Product,   Radian6
  Service           Collective Intellect
  Competition

  Recommends        Net Promoter
                    Google Alerts
                    Blogsearch


                                                                          ?
                    Technorati
Social Content: Dashboards

 Dashboard view provides
  summary info, sentiment,
  top sources
 Referrer data facilitates
  drill-down to sites
 Site/source data can be
  examined for additional
  insights
Tracking Vanity URLs

 In print and TV,
  “vanity” URLs can
  be tracked
 Using tools like
  BudURL, you can
  create and track
  user-friendly vanity
  URLs across the
  Social Web.
Tracking Conversations on Twitter

  Twitter Search
  Tweet Deck
   – Search
   – Filter
Evaluating Relevance: Influence

  Metric         Source             Reveals
  Time on Site   Google Analytics   The value of the
  Bounce Rate    Web Analytics      opinions and
                 (e.g.,Omniture)    conversations to
                                    those interested
                                    in purchase.




                                                   ?
Evaluating Relevance: Engagement
   Metric        Source             Reveals
   Pass-Alongs   Google Analytics   The interest levels in
                 Web Analytics      your message. Are
                 DoubleClick        customers willing
                                    to refer given a potential
   Comment to    Blog Analytics     gain or loss of personal
   Post Ratio                       “social capital?”

   Diggs,        Digg.com
   Stumbles      StumbleUpon.com
   Bookmarks     Del.icio.us

   Podcast       Feedburner
   Listens and
   Views                                        ?
Evaluating Relevance: Loyalty

  Metric       Source                 Reveals
  Blog Posts   BlogPulse              The context and intensity of
  Tweets       Cymfony                blog posts. Are people
  Recommends   Techrigy               sticking up for you?
               Radian6                Is the information YOU
               Collective Intellect   provide making it to the
               Google Alerts          consideration process?
               Blogsearch
               Technorati




                                                     ?
Tying Social Content to Web Analytics

   Social monitoring
    tools point to referrer
   Referrer ties to your
    analytics data*
   Analytics data shows
    site path and goals




               * It’s less than perfect, but it’s better than nothing!
Evaluating Impact: Audience

  Metric           Source             Reveals
  Referrers        Google Analytics   To whom your social media
  Demographics     Web Analytics      campaign is appealing.
  Click-throughs   DoubleClick        Actions are being taken by those
                                      exposed to it.




                                                                     ?
Evaluating Impact: Influence

  Metric         Source             Reveals
  Time on Site   Google Analytics   How involved your audience is with
  Bounce rate    Web Analytics      your message and brand, product,
                 (e.g.,Omniture)    service as a result of exposure to
                                    social media.
                 Repeat
                 Customers




                                                                  ?
Evaluating Impact: Action

  Metric        Source             Reveals
  Conversions   Google Analytics   The number of times a desired
  Reviews       Web Analytics      outcome occurs following
  Recommends                           exposure
  Tweets        Review Platform    to your holistic campaign.

                Net Promoter




                                                             ?
Baseline Measures  ROI

 Conversation (Inference)
 Historical Analytics
  – TIP: Social Dashboards
    provide historical data as well
    as current.
Differential Measures validate ROI
 Conversation (Inference)
 Historical Analytics
 Ask Your Customers (Direct)
Key Point Summary
Establish Your Baseline
Integrate Your Data
                                                           PERSONAL
                                                            SOCIAL
                                               EVENTS      NETWORKS     WHITE-LABEL
                                                                      SOCIAL NETWORKS


     TV and
                                       WIKIS                                       BLOGS
      Radio      Magazines

Integrated           Social   COLLABORATIVE               Conversion                    MICROBLOGS
                     Media
Campaigns                         TOOLS
                                                          (Purchase)
                  Direct
     Online        Mail                 SMS                                             PHOTOS
   Advertising

                                                  EMAIL                  AUDIO
                                                 (BACN)                (PODCAST)

                                                            VIDEO




  Social media components surround and support the “conversion”
process. Social media data supports/informs your other data sources.
Measure the Feedback

      marketer-generated                      consumer-generated

    be aware                                                talk
                consider                  form opinion
                              buy      use

                                                                   word-of-mouth
                                             You can
                                             measure
                                              this!


               Social content, networks, and interactions
Track and Tie to Business Analytics
Build Quantitative Social Awareness
   At least weekly, social media use: (age 12-21, Q4 2006)
Contact


More Information

             Twitter: evansdave
      Blog: http://www.ReadThis.com
Contact: http://www.socialwebstrategies.com

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Measuring Social Media

  • 1. Social Media: Measuring Effectiveness Dave Evans, Author, “Social Media Marketing: An Hour a Day” Principal, Social Web Strategies Where Social Media and Health Care Meet- Harnessing New Media Tools Thursday, June 18, 2009  THA Headquarters
  • 2. Outline  The Driving Factors  The Social Feedback Cycle  Social Media Metrics  Web Analytics  Quantifying the Social Web 2
  • 3. The Original Dream “I had (and still have) a dream that the web could be less of a television channel and more of an interactive sea of shared knowledge. I imagine it immersing us as a warm, friendly environment made of the things we and our friends have seen, heard, believe or have figured out. I would like it to bring our friends and colleagues closer, in that by working on this knowledge together we can come to better understandings.” --Tim Berners Lee, 1995
  • 4. The Current Landscape As people take control over their data while spreading their Web presence, they are not looking for privacy, but for recognition as individuals. This will eventually change the whole world of advertising. - Esther Dyson, 2008
  • 5. The Audience Consumption and participation are indicators of the clear trend.
  • 7. The Purchase Funnel be aware consider buy brand awareness keyword relative media spending
  • 8. The Social Feedback Cycle marketer-generated consumer-generated (Think “funnel”) (Think “megaphone”) be aware talk consider form opinion buy use word-of-mouth Social content, networks, and interactions brand awareness keyword relative media spending
  • 9. The Social Flywheel It takes money to drive the purchase funnel. It takes a great product or experience to drive the flywheel. Over the long-term, the Flywheel always wins.
  • 10. The Core Cycle The cycle connects conversion and popular measurements—e.g., engagement and influence—with fundamental “try-buy-talk” consumer purchase behaviors.
  • 11. Touchpoint Analysis Experiences that get talked about add up to conversations. You can measure this! People experience different aspects of brands in different ways and places. Understanding these experience drivers is the first step in tapping word-of-mouth. Doing something with them is the second.
  • 12. Touchpoint Analysis Functional Customer Channel n e io er nc at Performance of touchpoint consistency of touchpoint om Importance of touchpoint rie s er st pe nv cu ex co to e e bl e iv lu ica sit va po pl re talk-value talk-value talk-value There are multiple views of touchpoint analysis. Choose the one(s) that expose the aspects of your business that matter to your customers, and, that you can control.
  • 13. Touchpoint Optimization ??? performance ??? talk-value Identify and focus on what gets talked about.
  • 14. Influencers and Profitability profitable profitability not profitable
  • 15. Influencers and Profitability profitable profitable non-influential influential profitability not profitable not profitable non-influential influential degree of influence
  • 16. Influencers and Profitability profitable profitable non-influential influential profitability not profitable not profitable non-influential influential You can measure this! degree of influence I’d slam you I’d promote you
  • 17. Social Media Measurement  Raw Data – Google Alerts  Conversational Data – BlogPulse – Cymfony – Techrigy – Radian6 – Collective Intellect  Diagnostic Data – Net Promoter
  • 20. Measurement Points  Web Analytics Relevance  Social Media Monitoring { { Content { { Impact  Pipeline Metrics
  • 21. Evaluating Content: Audience Metric Source Reveals Blog Posts BlogPulse Who is talking about you, Tweets Cymfony what people are saying Mentions of: Techrigy about you and your industry. Brand, Product, Radian6 Service Collective Intellect Competition Recommends Net Promoter Google Alerts Blogsearch ? Technorati
  • 22. Social Content: Dashboards  Dashboard view provides summary info, sentiment, top sources  Referrer data facilitates drill-down to sites  Site/source data can be examined for additional insights
  • 23. Tracking Vanity URLs  In print and TV, “vanity” URLs can be tracked  Using tools like BudURL, you can create and track user-friendly vanity URLs across the Social Web.
  • 24. Tracking Conversations on Twitter  Twitter Search  Tweet Deck – Search – Filter
  • 25. Evaluating Relevance: Influence Metric Source Reveals Time on Site Google Analytics The value of the Bounce Rate Web Analytics opinions and (e.g.,Omniture) conversations to those interested in purchase. ?
  • 26. Evaluating Relevance: Engagement Metric Source Reveals Pass-Alongs Google Analytics The interest levels in Web Analytics your message. Are DoubleClick customers willing to refer given a potential Comment to Blog Analytics gain or loss of personal Post Ratio “social capital?” Diggs, Digg.com Stumbles StumbleUpon.com Bookmarks Del.icio.us Podcast Feedburner Listens and Views ?
  • 27. Evaluating Relevance: Loyalty Metric Source Reveals Blog Posts BlogPulse The context and intensity of Tweets Cymfony blog posts. Are people Recommends Techrigy sticking up for you? Radian6 Is the information YOU Collective Intellect provide making it to the Google Alerts consideration process? Blogsearch Technorati ?
  • 28. Tying Social Content to Web Analytics  Social monitoring tools point to referrer  Referrer ties to your analytics data*  Analytics data shows site path and goals * It’s less than perfect, but it’s better than nothing!
  • 29. Evaluating Impact: Audience Metric Source Reveals Referrers Google Analytics To whom your social media Demographics Web Analytics campaign is appealing. Click-throughs DoubleClick Actions are being taken by those exposed to it. ?
  • 30. Evaluating Impact: Influence Metric Source Reveals Time on Site Google Analytics How involved your audience is with Bounce rate Web Analytics your message and brand, product, (e.g.,Omniture) service as a result of exposure to social media. Repeat Customers ?
  • 31. Evaluating Impact: Action Metric Source Reveals Conversions Google Analytics The number of times a desired Reviews Web Analytics outcome occurs following Recommends exposure Tweets Review Platform to your holistic campaign. Net Promoter ?
  • 32. Baseline Measures  ROI  Conversation (Inference)  Historical Analytics – TIP: Social Dashboards provide historical data as well as current.
  • 33. Differential Measures validate ROI  Conversation (Inference)  Historical Analytics  Ask Your Customers (Direct)
  • 36. Integrate Your Data PERSONAL SOCIAL EVENTS NETWORKS WHITE-LABEL SOCIAL NETWORKS TV and WIKIS BLOGS Radio Magazines Integrated Social COLLABORATIVE Conversion MICROBLOGS Media Campaigns TOOLS (Purchase) Direct Online Mail SMS PHOTOS Advertising EMAIL AUDIO (BACN) (PODCAST) VIDEO Social media components surround and support the “conversion” process. Social media data supports/informs your other data sources.
  • 37. Measure the Feedback marketer-generated consumer-generated be aware talk consider form opinion buy use word-of-mouth You can measure this! Social content, networks, and interactions
  • 38. Track and Tie to Business Analytics
  • 39. Build Quantitative Social Awareness At least weekly, social media use: (age 12-21, Q4 2006)
  • 40. Contact More Information Twitter: evansdave Blog: http://www.ReadThis.com Contact: http://www.socialwebstrategies.com