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EARNING TRUST BY
RE-FOCUSING THE
MEASUREMENT ISSUE (v.1.)
when talking about social media,
           it’s easy to agree that



               TRUST
                    is at its core.
TRUST in order to build relationships
TRUST in order to build relationships
TRUST in order to manage reputation
TRUST in order to build relationships
TRUST in order to manage reputation
TRUST in order to become influencers
TRUST in order to build relationships
TRUST in order to manage reputation
TRUST in order to become influencers
                       ...and ultimately,
TRUST in order to build relationships
TRUST in order to manage reputation
TRUST in order to become influencers
                       ...and ultimately,

TRUST in order to drive performance
one thing we cannot agree on is,
the
social
      media
measurement
yes,
measurement
yes,
as an approach to evaluate performance.
this is a problem.
BIG
this is a problem. a         problem.
CLIENTS
particularly from the POV of
measurement
                      free-for-all
who consider that a
no
           TRANSPARENCY
leads to
which ultimately leads to




NO TRUST!
which ultimately leads to




NO TRUST!
measurement ?
why can’t we agree on
simply because:
simply because:

“ measures will vary greatly on
   on a client-by-client basis
   and the network in which we are
   communicating/participating* ”
                  * http://measurementcamp.wikidot.com/start
what now ???
so then,
TRUST
what can the industry do to earn the
of ALL its stakeholders?
CLIENTS.
- and in particular, the trust of
maybe the answer is not that complicated
maybe the answer is not that complicated
maybe it’s not about reinventing the wheel
maybe the answer is not that complicated
maybe it’s not about reinventing the wheel
maybe it’s seeing it from a different angle
maybe the answer is not that complicated
maybe it’s not about reinventing the wheel
maybe it’s seeing it from a different angle
maybe one that doesn’t focus on measurement
maybe the answer is not that complicated
maybe it’s not about reinventing the wheel
maybe it’s seeing it from a different angle
maybe one that doesn’t focus on measurement
maybe one that rather focuses on REPORTING
ermmm..., ???
ermmm..., ???
reporting ???
ermmm..., ???
reporting ???
like what type of reporting ???
the old-school
ACCOUNTING-type of reporting !!!
wha ???
ACCOUNTING-type reporting ???
how so ???
accounting-type-reporting as defined below:
accounting-type-reporting as defined below:

“ the art of standardizing the recording,
 classifying, and summarizing of outcomes
 in a significant and transparent
 manner that allows for interpretation
 on the part of decision makers ”
            * definition adapted from wikipedia entry for ‘accounting’
FACT:
measure / classify
not all banks                        their

provisions for bad debt in the same manner.
measure / classify
not all banks                           their

provisions for bad debt in the same manner.
                          inflated profits .
this may translate into
FACT:
measure / classify
not all companies                         their

assets & liabilities     in the same manner.
measure / classify
not all companies                            their

assets & liabilities        in the same manner.

                          skewed financials .
this may translate into
yet,
all banks & companies report their outcomes
yet,
and explain their measurement methodology
under one common set of guidelines, allowing for:
all banks & companies report their outcomes
yet,
and explain their measurement methodology
under one common set of guidelines, allowing for:

transparency,
all banks & companies report their outcomes
yet,
and explain their measurement methodology
under one common set of guidelines, allowing for:

transparency,
interpretation,
all banks & companies report their outcomes
yet,
and explain their measurement methodology
under one common set of guidelines, allowing for:

transparency,
interpretation,
and a sustained degree of :
TRUST!
why then don’t we try this approach in an

                  SOCIAL MEDIA ???
adapted form on
hmmm..., ok, but :
hmmm..., ok, but :
- how will it work ???
hmmm..., ok, but :
- how will it work ???
- what will it look like ??? and,
hmmm..., ok, but :
- how will it work ???
- what will it look like ??? and,
- what will someone be able to
tell from it ???
well..., how about the following
approach to :
well..., how about the following
approach to :
- how will it work ???
I
                   peer social
one idea (based on 2 peer collaboration )
I
                   peer social
one idea (based on 2 peer collaboration ) is

to start off by setting up or building on an existing

                   MeasurementCamp wiki* .
wiki such as the




                     * http://measurementcamp.wikidot.com/start
this wiki then serves as the central point where
social media
practitioners contribute their £.02 on the
nuts & bolts of the industry’s reporting guidelines.
consider the following examples of areas where

input from those in the industry will be needed:
1.) identification of reporting metrics -
1.) identification of reporting metrics -
i.e. which are the metrics that must absolutely be

included when reporting the results for any given

social media tactic or strategy.
2.) definition of reporting guidelines -
2.) definition of reporting guidelines -
i.e. how should the framework for reporting be

created, plus what metrics merit an explanation as

to the methods used in obtaining the final figure.
3.) qualification of measurement
methodologies -
3.) qualification of measurement
methodologies -
i.e. which measurement methods are most

frequently used in the industry, and which are

other accepted methodologies.
4.) sharing of campaign results -
4.) sharing of campaign results -
i.e. posting final campaign results onto wiki so

that industry averages can be generated, thereby

becoming benchmarks for performance.
sounds like
industry-wide participation will
be key to the success of this
wiki based approach ,
sounds like
industry-wide participation will
be key to the success of this
wiki based approach ,
correct ???
CORRECT!!!
industry-wide
            collaboration will eventually paint a
achieving

clearer picture about what the industry as a

community considers to be reporting essentials.
contribute their
the more those in the industry

£.02 ,
£.02
contribute their
the more those in the industry

£.02 , the more fine-tuned the reporting
£.02
guidelines will become.
what’s more,
the wiki will serve as an educational resource for

clients interested in learning about what the

industry as a whole considers to be -
the wiki will serve as an educational resource for

clients interested in learning about what the

industry as a whole considers to be -

best practices,
the wiki will serve as an educational resource for

clients interested in learning about what the

industry as a whole considers to be -

best practices,
performance benchmarks,
             benchmarks
the wiki will serve as an educational resource for

clients interested in learning about what the

industry as a whole considers to be -

best practices,
performance benchmarks,
and, accepted measurement methods
right.
right. so now onto :
right. so now onto :
- what will it look like ??? and,
right. so now onto :
- what will it look like ??? and,
- what will someone be able to
tell from it ???
for illustration purposes, the following are two

examples of reporting tables for two broad

categories of metrics -
for illustration purposes, the following are two

examples of reporting tables for two broad

categories of metrics -

income,
for illustration purposes, the following are two

examples of reporting tables for two broad

categories of metrics -

income,
and brand awareness
income
re
              he
           ok
         lo
income
brand
awareness
e.
                     er
                   h
              nd
            a
brand
awareness
framework that delivers
the tables share a

information in a language that clients understands.
or in other words,
organize
or in other words, the tables

information in a manner that allows for a

performance evaluation to be carried out by:
ANYONE!
social media .
even if they are entirely foreign to
how :
here’s
compliance statement



compliance statement
compliance statement



assures that the results presented abide by the

guidelines outlined by the social media community

on the industry wiki.
metrics column



metrics column
metrics column



identifies all the areas where the campaign

execution has had an impact in the form of results.
data columns



data columns
data columns



self explanatory section that enables the viewer

to track the progress made on the campaign in

chronological order.
percentage change



percentage change
percentage change



provides a wealth of insight by bringing to light

fluctuations in results, thereby revealing valuable

trends.
industry comparison as per wiki



industry comparison as per wiki
industry comparison as per wiki



establishes a benchmark for comparison between

the reported results and the low, average, and

high values of the industry.
in addition,
in addition, the tables make it possible to easily

correlate performance data
in addition, the tables make it possible to easily

correlate performance data - for example:
income
         total direct sales



         as a percentage of total sales
so,
in conclusion
so,                   :
sum of these and other insights brought to
the

light by organizing the information in a manner

                      decision making ,
that enables proper
plus ,
so,
the creation of a wiki that captures the industry’s

consensus regarding
the creation of a wiki that captures the industry’s

consensus regarding the most accepted
methods of measurement,
the creation of a wiki that captures the industry’s

consensus regarding the most accepted
methods of measurement, reporting guidelines,
the creation of a wiki that captures the industry’s

consensus regarding the most accepted
methods of measurement, reporting guidelines,

and industry benchmarks,
combine to create a degree of
interpretation
combine to create a degree of
interpretation
combine to create a degree of

      transparency
and
interpretation
combine to create a degree of

      transparency
and                    that clients need in order

earn their
TRUST!
created by:

    twitter :: @msamayoa

www.mauriciosamayoa.com
Refocusing the approach to Social Media Measurement

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Refocusing the approach to Social Media Measurement