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Social Media Measurement and
                      Monitoring: A Primer
                      Everything You Need To Know: A Noob or A Pro

                              May 5, 2010, Web 2.0 Open, Maria Ogneva

                             photo source: http://www.flickr.com/photos/darrenhester/3989949630
Sunday, May 9, 2010                                                                              1
Questions For You!




                      Do you monitor or measure social media?

                      What is the difference of monitoring vs. measurement?




Sunday, May 9, 2010                                                           2
Monitoring vs. Measuring


     ✤    Measurement                         ✤   Monitoring

           ✤    Shows you what happened           ✤   Continual tracking

           ✤    Metric during a time period       ✤   Realtime / near realtime

           ✤    Purpose: to recap, compare,       ✤   Purpose: to get involved,
                take a snapshot                       engage




Sunday, May 9, 2010                                                               3
Why Measure?
           If you don’t know where you are, how do you know when you will
                               get to your destination?




 photo source: http://www.flickr.com/photos/-skipper-/4033304182/

Sunday, May 9, 2010                                                         4
Why Monitor?
          They will talk about you anyway, whether or not you are listening.




                           photo source: http://www.flickr.com/photos/mogwai_83/3022261893/
Sunday, May 9, 2010                                                                          5
Monitoring Is A Great First Step


                      Then What?




Sunday, May 9, 2010                         6
Monitoring Can Swallow
                           Up Your Life


                      Volume is staggering

                      Many channels

                      SM is global

                      Low signal-to-noise ratio




                                     photo source: http://www.flickr.com/photos/chantrybee/1053475778/

Sunday, May 9, 2010                                                                                     7
You Need A Plan


             Triage

             Route, involve others

             Track & measure

             System of alerts

             Functional dashboard




Sunday, May 9, 2010                               8
You Need A Plan: Triage

                      Influencer                     Message
                                   Sentiment                  Content
                       analytics                     Type




                                           Triage
Sunday, May 9, 2010                                                     9
What Are The Right Metrics?

                               Organizational Objectives
                             Stakeholders & Their Priorities


                               Social Media Objectives:
                      Awareness? Engagement? Traffic? Conversion?
                        Customer Satisfaction? Sales? Research?



                                Only Then... Set Metrics



Sunday, May 9, 2010                                                10
Objectives and
                          KPIs




Sunday, May 9, 2010                    11
Objective: Awareness, Share of
                             Voice
        Share of
                               Sentiment                        Trend                 Discovery
         voice



       22%                                          100                                   Phrase
                      56%                                                                 clouds
                                                     75
    22%
                                                     50

             Honda Pilot
             GMC Acadia                              25                                  Text
                                Positive Negative
             Chevy Traverse      Neutral Mixed                                         analysis
                                                      0
                                                          Jan   Feb   March   April


  Against competitors         Against competitors
      by channel                On a trendline
Sunday, May 9, 2010                                                                                12
Discovery: Analysis of Compliments




Sunday, May 9, 2010                        13
Discovery: Analysis of Complaints




Sunday, May 9, 2010                       14
Dig Deeper




Sunday, May 9, 2010                15
Objective: Traffic




                         photo source:: http://www.flickr.com/photos/85625337@N00/303641730/

Sunday, May 9, 2010                                                                           16
Objective: Conversion



               SM                             Conversion
                                Site visit
           Interaction

        Conversation          Track sources       Sale
         Click Link                             Signup




Sunday, May 9, 2010                                        17
Objective: Engagement



                                                         likes
                                                      comments
                                                         fans
                                                        shares
                                                      wall posts
           comments
        feed subscribers
    pingbacks, inbound links              RTs
       downloads, shares,               @replies
           reblogsetc                    DMs
                                    custom hashtags
Sunday, May 9, 2010                                                18
Objective: Research


           •Sentiment analysis    •Customers

           •What’s driving it     •Competitors

           •Semantic analysis     •Industry




Sunday, May 9, 2010                              19
Coexisting With Traditional Research



                         Soc. Media           Traditional
                          Research             Research



                      Secondary Research:    Primary research:
                          Track trends       Research surveys
                       Analyze sentiment       Focus groups
                       Underlying causes       To dig deeper
                         via discovery       & verify what you
                      and clausal research        learned

Sunday, May 9, 2010                                              20
Objective: Sales

                                                                                               Listen for
                                                                                              pain points




                      Listen for
                        intent

                               photo sources: http://www.flickr.com/photos/carbonnyc/1359721335/
                                  http://www.flickr.com/photos/gideonvanderstelt/3221741669/


Sunday, May 9, 2010                                                                                         21
Objective: Brand Satisfaction



                      Empower champions

                      Fix liabilities

                      Engage



Sunday, May 9, 2010                             22
Addressing Negatives




Sunday, May 9, 2010                          23
Digging Deeper




Sunday, May 9, 2010                    24
Social Media
                      and Business




Sunday, May 9, 2010                  25
Social Media ROI


                         Does it really exist?




                            Purists                                                                               CFOs


                                                                       VS.
                       “Social media is all                                                           There must be a
                       about engagement.                                                              return on every
                      You can’t put a price                                                        activity! Social media
                        on engagement!”                                                                is not exempt.
                                       photo source: http://www.flickr.com/photos/question_everything/2133154207
Sunday, May 9, 2010                                                                                                         26
SM ROI = Most Misused Term

                                                                                                                Social Media rarely maps to
                                                                                                              revenue immediately and neatly,
                                                                                                               unless it’s a tactical promotion
                                                                                                                 with custom links & codes




       Olivier Blanchard
    aka “TheBrandBuilder”




                      source: http://thebrandbuilder.wordpress.com/2009/12/09/defining-social-media-r-o-i-once-and-for-all-the-action-reaction-return-narrative/

Sunday, May 9, 2010                                                                                                                                               27
The Problem With Monitoring...

                      “[Monitoring platforms] are good at doing
                      part of the job, but not all of it... None of
                      them tell you what to do with the
                      information.”
       Jason Falls


       ... Yep, we are working on it...




                       source: http://www.socialmediaexplorer.com/2010/04/02/where-social-media-monitoring-services-fail/

Sunday, May 9, 2010                                                                                                         28
Social CRM

    ✤    The goal of Social CRM is to “encourage better, more effective customer
         interaction and leverage the collective intelligence of the broader customer
         community with the intended result of increasing intimacy between an
         organization and its prospects and customers.” (Michael Fauscette)

    ✤    “...Designed to engage the customer in a collaborative conversation in order to
         provide a mutually beneficial value in a trusted & transparent business
         environment. It’s the company response to the customer’s owning of the
         relationship.” (Paul Greenberg)

    ✤    “SocialCRM is about bringing “me” [social customer] into the ecosystem... It is
         not about the technology, it is about the people, process and cultural shifts
         necessary to support and grow a business” (Mitch Lieberman)



Sunday, May 9, 2010                                                                        29
SocialCRM: Culturally

                      SocialCRM is not about technology, it’s about
                      people, interactions with the social customer
                          and processes to increase collaborate



                                                Community          Enriches
          Organization        Listening &
                                                 & service      interaction w/
             wide             engagement
                                                orientation     social customer




Sunday, May 9, 2010                                                               30
SocialCRM: Technically

              360 View Of                Everyone                Visibility &
               Customer                   engages                 workflow


                      Social media engagement cuts across silos for
                               rich customer experience


            Rich & actionable         Customer service?        Everyone working
           customer insights -          Marketing? PR?         off same platform,
              across SM and              Engineering?          engaging, tracking
            internal channels         Leverage resources!          & analyzing



Sunday, May 9, 2010                                                                 31
SocialCRM Process




                         source: http://thesocialcustomer.com/Home/16611
Sunday, May 9, 2010                                                        32
LARA: Listen, Analyze, Relate, Act


                                         Attensity
                                         Respond                                     Responses can
                          Hotel                        “hardship                     be reviewed by
                         hardship                      refund” email                 agent before
                      refund policy?      Attensity    response auto-                sending
                          Email                        generated
                                        “reads” text
                                                                   Routed to
                                        and extracts
                                         automated                 Customer
                      Service issue                                Service for
                                         knowledge
                         tweet
                                         about what                Follow-up and
                                       the document                Resolution
                                          is saying
                                                                   Automatically
                                         People                    routed to legal
                       Thinking of       Places                    for review
                       suing post        Events
                                         Topics
                                        Sentiment                  Automatically
                                           …                       routed to sales
                      Considering                                  to share options
                       purchase                                    with the
                         post                                      customer

Sunday, May 9, 2010                                                                                   33
SocialCRM Resources

    ✤   Mitch Lieberman - http://prezi.com/bzswrbzmvl6w/social-
        business-through-social-crm/

    ✤   Altimeter Group - http://www.slideshare.net/jeremiah_owyang/
        social-crm-the-new-rules-of-relationship-management

    ✤   Chess Media - http://thesocialcustomer.com/Home/16611

    ✤   SCRM Pioneers Google Group - led by Jeremiah Owyang /Ray Wang

    ✤   Esteban Kolsky: estebankolsky.com


Sunday, May 9, 2010                                                     34
Platform
                      Selection




Sunday, May 9, 2010               35
Selecting Your Platform


                Monitoring?   OR   Measurement?   OR   Engagement?




                                       YES!

Sunday, May 9, 2010                                                  36
Platform Selection: Budget

                      Free?                                                                                                                   Premium?




                 more hacking                                                                                                               less hacking
                 fewer sources                                                                                                              more sources
                limited history                                                                                                             wider history
                 fewer metrics                                                                                                              more metrics




                          source:: http://stevefarnsworth.wordpress.com/2010/03/16/20-free-social-media-monitoring-tools-to-find-your-brand’s-social-mentions/
Sunday, May 9, 2010                                                                                                                                             37
Platform Selection: Ease Of Use

                       How long do you need to spend in the app
                      daily?
                       How easy is it to use?
                       How easy and accurate is triage? Sentiment?
                       Are there alerts?
                       Are there influencer analytics?
                       Is there a SPAM filter?
                       How much automation is there?


Sunday, May 9, 2010                                                  38
Platform Selection: Data

                                                       Discussion
                      Blogs?   OR   Microblogs?   OR
                                                        boards?



              Online News?     OR     Videos?     OR    Photos?



                                     YES!

Sunday, May 9, 2010                                                 39
Platform Selection: Building
                            Topics

                       Topics are the
                      building blocks                         but...                                      Garbage in ->
                                                                                                           garbage out




                                        photo sources: http://www.flickr.com/photos/grantmac/2578109298/
                                            http://www.flickr.com/photos/85941395@N00/2191292080/

Sunday, May 9, 2010                                                                                                       40
Attensity360 Topic Creation At A
                     Glance




Sunday, May 9, 2010                        41
Platform Selection: Metrics And
                     Reports

               What are your KPIs                 How often is data
                 (see slide 9)?                  updated? Realtime?




                                 Which reports can
                                you build? How can
                                    you share?



Sunday, May 9, 2010                                                   42
Platform Selection: Advanced
                         Analytics

                      Is there sentiment analysis?
                        What kind? Automated? Human? Hybrid?
                        Understand your level of comfort with
                       automated sentiment?
                        Can you override?

                      Are there influencer analytics?
                       Are the appropriate for sources you look at?


Sunday, May 9, 2010                                                   43
Platform Selection: Engagement

                       How easy is it to engage? Can you engage right from
                      the app?
                       Does it keep record of all customer interactions across
                      all SM channels you track? Can you track to revenue
                      eventually?
                       Is there integration with your internal CRM system?
                       Is there automated routing / deep text analytics?
                       Can you assign and track completion of tasks?
                       Is everyone on the same page re: next steps with each
                      client?



Sunday, May 9, 2010                                                              44
Platform Selection: Languages


                    Are you looking to
                   include sites in other
                  languages as sources?

                Do you need to conduct
                deep analytics in those
                languages? Sentiment?




                                            photo source: http://www.flickr.com/photos/shawnecono/149172094/


Sunday, May 9, 2010                                                                                           45
Questions?



                        Thank you for your attention and participation!

                                          Contact info:

                      Maria Ogneva, Director of Social Media, Attensity360
                                   @themaria @attensity360
                                    http://attensity360.com
                                 mogneva (at) biz360 (dot) com
Sunday, May 9, 2010                                                          46

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Social Media Measurement and Monitoring: Understanding Key Metrics and Objectives

  • 1. Social Media Measurement and Monitoring: A Primer Everything You Need To Know: A Noob or A Pro May 5, 2010, Web 2.0 Open, Maria Ogneva photo source: http://www.flickr.com/photos/darrenhester/3989949630 Sunday, May 9, 2010 1
  • 2. Questions For You! Do you monitor or measure social media? What is the difference of monitoring vs. measurement? Sunday, May 9, 2010 2
  • 3. Monitoring vs. Measuring ✤ Measurement ✤ Monitoring ✤ Shows you what happened ✤ Continual tracking ✤ Metric during a time period ✤ Realtime / near realtime ✤ Purpose: to recap, compare, ✤ Purpose: to get involved, take a snapshot engage Sunday, May 9, 2010 3
  • 4. Why Measure? If you don’t know where you are, how do you know when you will get to your destination? photo source: http://www.flickr.com/photos/-skipper-/4033304182/ Sunday, May 9, 2010 4
  • 5. Why Monitor? They will talk about you anyway, whether or not you are listening. photo source: http://www.flickr.com/photos/mogwai_83/3022261893/ Sunday, May 9, 2010 5
  • 6. Monitoring Is A Great First Step Then What? Sunday, May 9, 2010 6
  • 7. Monitoring Can Swallow Up Your Life Volume is staggering Many channels SM is global Low signal-to-noise ratio photo source: http://www.flickr.com/photos/chantrybee/1053475778/ Sunday, May 9, 2010 7
  • 8. You Need A Plan Triage Route, involve others Track & measure System of alerts Functional dashboard Sunday, May 9, 2010 8
  • 9. You Need A Plan: Triage Influencer Message Sentiment Content analytics Type Triage Sunday, May 9, 2010 9
  • 10. What Are The Right Metrics? Organizational Objectives Stakeholders & Their Priorities Social Media Objectives: Awareness? Engagement? Traffic? Conversion? Customer Satisfaction? Sales? Research? Only Then... Set Metrics Sunday, May 9, 2010 10
  • 11. Objectives and KPIs Sunday, May 9, 2010 11
  • 12. Objective: Awareness, Share of Voice Share of Sentiment Trend Discovery voice 22% 100 Phrase 56% clouds 75 22% 50 Honda Pilot GMC Acadia 25 Text Positive Negative Chevy Traverse Neutral Mixed analysis 0 Jan Feb March April Against competitors Against competitors by channel On a trendline Sunday, May 9, 2010 12
  • 13. Discovery: Analysis of Compliments Sunday, May 9, 2010 13
  • 14. Discovery: Analysis of Complaints Sunday, May 9, 2010 14
  • 16. Objective: Traffic photo source:: http://www.flickr.com/photos/85625337@N00/303641730/ Sunday, May 9, 2010 16
  • 17. Objective: Conversion SM Conversion Site visit Interaction Conversation Track sources Sale Click Link Signup Sunday, May 9, 2010 17
  • 18. Objective: Engagement likes comments fans shares wall posts comments feed subscribers pingbacks, inbound links RTs downloads, shares, @replies reblogsetc DMs custom hashtags Sunday, May 9, 2010 18
  • 19. Objective: Research •Sentiment analysis •Customers •What’s driving it •Competitors •Semantic analysis •Industry Sunday, May 9, 2010 19
  • 20. Coexisting With Traditional Research Soc. Media Traditional Research Research Secondary Research: Primary research: Track trends Research surveys Analyze sentiment Focus groups Underlying causes To dig deeper via discovery & verify what you and clausal research learned Sunday, May 9, 2010 20
  • 21. Objective: Sales Listen for pain points Listen for intent photo sources: http://www.flickr.com/photos/carbonnyc/1359721335/ http://www.flickr.com/photos/gideonvanderstelt/3221741669/ Sunday, May 9, 2010 21
  • 22. Objective: Brand Satisfaction Empower champions Fix liabilities Engage Sunday, May 9, 2010 22
  • 25. Social Media and Business Sunday, May 9, 2010 25
  • 26. Social Media ROI Does it really exist? Purists CFOs VS. “Social media is all There must be a about engagement. return on every You can’t put a price activity! Social media on engagement!” is not exempt. photo source: http://www.flickr.com/photos/question_everything/2133154207 Sunday, May 9, 2010 26
  • 27. SM ROI = Most Misused Term Social Media rarely maps to revenue immediately and neatly, unless it’s a tactical promotion with custom links & codes Olivier Blanchard aka “TheBrandBuilder” source: http://thebrandbuilder.wordpress.com/2009/12/09/defining-social-media-r-o-i-once-and-for-all-the-action-reaction-return-narrative/ Sunday, May 9, 2010 27
  • 28. The Problem With Monitoring... “[Monitoring platforms] are good at doing part of the job, but not all of it... None of them tell you what to do with the information.” Jason Falls ... Yep, we are working on it... source: http://www.socialmediaexplorer.com/2010/04/02/where-social-media-monitoring-services-fail/ Sunday, May 9, 2010 28
  • 29. Social CRM ✤ The goal of Social CRM is to “encourage better, more effective customer interaction and leverage the collective intelligence of the broader customer community with the intended result of increasing intimacy between an organization and its prospects and customers.” (Michael Fauscette) ✤ “...Designed to engage the customer in a collaborative conversation in order to provide a mutually beneficial value in a trusted & transparent business environment. It’s the company response to the customer’s owning of the relationship.” (Paul Greenberg) ✤ “SocialCRM is about bringing “me” [social customer] into the ecosystem... It is not about the technology, it is about the people, process and cultural shifts necessary to support and grow a business” (Mitch Lieberman) Sunday, May 9, 2010 29
  • 30. SocialCRM: Culturally SocialCRM is not about technology, it’s about people, interactions with the social customer and processes to increase collaborate Community Enriches Organization Listening & & service interaction w/ wide engagement orientation social customer Sunday, May 9, 2010 30
  • 31. SocialCRM: Technically 360 View Of Everyone Visibility & Customer engages workflow Social media engagement cuts across silos for rich customer experience Rich & actionable Customer service? Everyone working customer insights - Marketing? PR? off same platform, across SM and Engineering? engaging, tracking internal channels Leverage resources! & analyzing Sunday, May 9, 2010 31
  • 32. SocialCRM Process source: http://thesocialcustomer.com/Home/16611 Sunday, May 9, 2010 32
  • 33. LARA: Listen, Analyze, Relate, Act Attensity Respond Responses can Hotel “hardship be reviewed by hardship refund” email agent before refund policy? Attensity response auto- sending Email generated “reads” text Routed to and extracts automated Customer Service issue Service for knowledge tweet about what Follow-up and the document Resolution is saying Automatically People routed to legal Thinking of Places for review suing post Events Topics Sentiment Automatically … routed to sales Considering to share options purchase with the post customer Sunday, May 9, 2010 33
  • 34. SocialCRM Resources ✤ Mitch Lieberman - http://prezi.com/bzswrbzmvl6w/social- business-through-social-crm/ ✤ Altimeter Group - http://www.slideshare.net/jeremiah_owyang/ social-crm-the-new-rules-of-relationship-management ✤ Chess Media - http://thesocialcustomer.com/Home/16611 ✤ SCRM Pioneers Google Group - led by Jeremiah Owyang /Ray Wang ✤ Esteban Kolsky: estebankolsky.com Sunday, May 9, 2010 34
  • 35. Platform Selection Sunday, May 9, 2010 35
  • 36. Selecting Your Platform Monitoring? OR Measurement? OR Engagement? YES! Sunday, May 9, 2010 36
  • 37. Platform Selection: Budget Free? Premium? more hacking less hacking fewer sources more sources limited history wider history fewer metrics more metrics source:: http://stevefarnsworth.wordpress.com/2010/03/16/20-free-social-media-monitoring-tools-to-find-your-brand’s-social-mentions/ Sunday, May 9, 2010 37
  • 38. Platform Selection: Ease Of Use How long do you need to spend in the app daily? How easy is it to use? How easy and accurate is triage? Sentiment? Are there alerts? Are there influencer analytics? Is there a SPAM filter? How much automation is there? Sunday, May 9, 2010 38
  • 39. Platform Selection: Data Discussion Blogs? OR Microblogs? OR boards? Online News? OR Videos? OR Photos? YES! Sunday, May 9, 2010 39
  • 40. Platform Selection: Building Topics Topics are the building blocks but... Garbage in -> garbage out photo sources: http://www.flickr.com/photos/grantmac/2578109298/ http://www.flickr.com/photos/85941395@N00/2191292080/ Sunday, May 9, 2010 40
  • 41. Attensity360 Topic Creation At A Glance Sunday, May 9, 2010 41
  • 42. Platform Selection: Metrics And Reports What are your KPIs How often is data (see slide 9)? updated? Realtime? Which reports can you build? How can you share? Sunday, May 9, 2010 42
  • 43. Platform Selection: Advanced Analytics Is there sentiment analysis? What kind? Automated? Human? Hybrid? Understand your level of comfort with automated sentiment? Can you override? Are there influencer analytics? Are the appropriate for sources you look at? Sunday, May 9, 2010 43
  • 44. Platform Selection: Engagement How easy is it to engage? Can you engage right from the app? Does it keep record of all customer interactions across all SM channels you track? Can you track to revenue eventually? Is there integration with your internal CRM system? Is there automated routing / deep text analytics? Can you assign and track completion of tasks? Is everyone on the same page re: next steps with each client? Sunday, May 9, 2010 44
  • 45. Platform Selection: Languages Are you looking to include sites in other languages as sources? Do you need to conduct deep analytics in those languages? Sentiment? photo source: http://www.flickr.com/photos/shawnecono/149172094/ Sunday, May 9, 2010 45
  • 46. Questions? Thank you for your attention and participation! Contact info: Maria Ogneva, Director of Social Media, Attensity360 @themaria @attensity360 http://attensity360.com mogneva (at) biz360 (dot) com Sunday, May 9, 2010 46