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   September 17, 2009
Agenda Introductions And Level Setting Why Measurement Is Difficult The Importance Of Measurement Common Methodologies Five Fundamentals Of Measurement Case Study Examples Conclusion/Questions Beyond Clips, Clicks & Hits 2
The State Of Affairs Anything that costs money must be justified Most organizations don’t know how to measure the value, impact, effects and relative return on communication efforts As a result, many resort to counting what they can count Beyond Clips, Clicks & Hits 3
Common Questions We Get How do I calculate the ROI of marketing and communications? How do I weigh individual elements in the marketing mix? Can I tie publicity to sales or a stock price? What have you done for me lately? Beyond Clips, Clicks & Hits 4
First, Some Simple Math Marketing  ≠ Marketing Communications  ≠ Integrated Communications ≠ Tactics Beyond Clips, Clicks & Hits 5
The Basic Hierarchy Marketing Marketing Communications Collateral Seminars & Events Media Relations Public Relations Perception Research Crisis / Critical Issues Advertising  Publicity Direct Marketing Interactive Social Media Beyond Clips, Clicks & Hits 6 Finance Investor Relations Collateral Investor Events Media Relations Public Relations Perception Research Crisis / Critical Issues
Together They Help Organizations Reach The Audiences Important To Their Success Beyond Clips, Clicks & Hits 7 Customers Industry  Associations Shareholders Media Your company Employees Channel Partners Standards Bodies Suppliers and Partners Industry Analysts
Why Measure? Because The Results Help: Prioritize work  Justify the spend Refine a program Move from anecdotal to factual Shift from “reactive” to “proactive” mode Beyond Clips, Clicks & Hits 8
The Value Of Measurement Prove that you met objectives Benchmark/track performance Gain competitive advantage “Move the needle” Sales? Awareness? Response – Trial, evaluation, adoption Beyond Clips, Clicks & Hits 9
Why Is It So Difficult? It takes time It takes money We’re dealing with human behavior External factors There are no 1:1 correlations Integrated programs  It’s viewed as justification rather than a value-add Distinguishing between “value” and “ROI” Beyond Clips, Clicks & Hits 10
Determining Value Beyond Clips, Clicks & Hits 11 Monetary VALUE Utility Reputation
EVERYTHING CAN BE MEASURED!!! Beyond Clips, Clicks & Hits 12
You Need To Determine… How much should I put into it? Do I know the vital metrics (for finance, operations, sales, marketing, etc.)? Can you act on the data? What’s my time frame? Beyond Clips, Clicks & Hits 13
IT’S A JUNGLE OUT THERE Beyond Clips, Clicks & Hits 14
The “HIPPO” Methodology Beyond Clips, Clicks & Hits 15 Based on the Highest Paid Person’s Objective
The “Penguin” Methodology Beyond Clips, Clicks & Hits 16 Each tactic measured the same way
The “Monkey-See-Monkey-Count” Methodology Beyond Clips, Clicks & Hits 17 Counting … just because you can
The “T-Rex” Methodology Beyond Clips, Clicks & Hits 18 So big that it consumes your entire budget
Five Fundamentals Of Measuring Programs Start with research Set measurable objectives Only measure what’s important Use the right tools Measure continuously Beyond Clips, Clicks & Hits 19
FUNDAMENTAL #1 START WITH RESEARCH Beyond Clips, Clicks & Hits 20
Numerous Research Options Quick surveys and polls Omnibus surveys One-on-one, in-depth interviews Focus groups (traditional or online) Advertising analysis Beyond Clips, Clicks & Hits 21 ,[object Object]
Media monitoring
Social media monitoring
Competitive analysis
Media content analysis,[object Object]
Tips To Developing Measurable Objectives Objectives must: Address a specific outcome Designate the specific target audience Specify a specific level of attainment Identify a specific timeframe Beyond Clips, Clicks & Hits 23
Example: Business Objective #1 Generate $25 million in revenue from X product line Sales Objective: Improve win-ratio by 40 percent and shorten sales cycle by 20 percent   Marketing Communication Objective: Increase qualified sales leads by 20 percent over 2008  Product Marketing Objective: Identify three to five possible line extensions based on feedback and use of initial launch model Financial Communication Objective: Increase institutional ownership by 10 percent Beyond Clips, Clicks & Hits 24
Example: Business Objective #2 Improve customer preference of brand Marketing Objective: By 4Q09, achieve 55 percent brand awareness among 25- to 40-year-old men in the U.S. by increasing awareness by 10 percent Financial Communication Objective: Increase number of analysts following the company Communication Objective: Maintain no. 1 share-of-voice position in tier one trade publications compared to competitors A, B and C Beyond Clips, Clicks & Hits 25
FUNDAMENTAL #3 ONLY MEASURE WHAT’S IMPORTANT Beyond Clips, Clicks & Hits 26
Metrics – The Three O’s Outputs: Execution of program elements All work measured on budget, timing and message alignment Are we getting the work done efficiently and effectively? Outtakes: The net impression Strive for majority of deliverables Media coverage, circulation, event attendance, distribution, search rankings Are we reaching the right people? Outcomes: The behavior that follows Tied to business goals Sales increase, lead generation, unaided awareness, incoming versus outgoing media calls Programs, not tactics Beyond Clips, Clicks & Hits 27
Audience – Specific Outputs, Outtakes And Outcomes Beyond Clips, Clicks & Hits 28
FUNDAMENTAL #4 USE THE RIGHT TOOLS Beyond Clips, Clicks & Hits 29
Sample Measurement Tools Radian6 LexisNexis Google News Google Analytics Compete.com Clipping Services Search.Twitter.com BoardLeader.com Beyond Clips, Clicks & Hits 30 BlogPulse Technorati Survey Monkey Gallup BizShark.com Alexa.com D&B Database BackType.com
FUNDAMENTAL #5 MEASURE CONTINUOUSLY Beyond Clips, Clicks & Hits 31

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Padilla Beyond Clips Clicks And Hits 091709

  • 1. September 17, 2009
  • 2. Agenda Introductions And Level Setting Why Measurement Is Difficult The Importance Of Measurement Common Methodologies Five Fundamentals Of Measurement Case Study Examples Conclusion/Questions Beyond Clips, Clicks & Hits 2
  • 3. The State Of Affairs Anything that costs money must be justified Most organizations don’t know how to measure the value, impact, effects and relative return on communication efforts As a result, many resort to counting what they can count Beyond Clips, Clicks & Hits 3
  • 4. Common Questions We Get How do I calculate the ROI of marketing and communications? How do I weigh individual elements in the marketing mix? Can I tie publicity to sales or a stock price? What have you done for me lately? Beyond Clips, Clicks & Hits 4
  • 5. First, Some Simple Math Marketing ≠ Marketing Communications ≠ Integrated Communications ≠ Tactics Beyond Clips, Clicks & Hits 5
  • 6. The Basic Hierarchy Marketing Marketing Communications Collateral Seminars & Events Media Relations Public Relations Perception Research Crisis / Critical Issues Advertising Publicity Direct Marketing Interactive Social Media Beyond Clips, Clicks & Hits 6 Finance Investor Relations Collateral Investor Events Media Relations Public Relations Perception Research Crisis / Critical Issues
  • 7. Together They Help Organizations Reach The Audiences Important To Their Success Beyond Clips, Clicks & Hits 7 Customers Industry Associations Shareholders Media Your company Employees Channel Partners Standards Bodies Suppliers and Partners Industry Analysts
  • 8. Why Measure? Because The Results Help: Prioritize work Justify the spend Refine a program Move from anecdotal to factual Shift from “reactive” to “proactive” mode Beyond Clips, Clicks & Hits 8
  • 9. The Value Of Measurement Prove that you met objectives Benchmark/track performance Gain competitive advantage “Move the needle” Sales? Awareness? Response – Trial, evaluation, adoption Beyond Clips, Clicks & Hits 9
  • 10. Why Is It So Difficult? It takes time It takes money We’re dealing with human behavior External factors There are no 1:1 correlations Integrated programs It’s viewed as justification rather than a value-add Distinguishing between “value” and “ROI” Beyond Clips, Clicks & Hits 10
  • 11. Determining Value Beyond Clips, Clicks & Hits 11 Monetary VALUE Utility Reputation
  • 12. EVERYTHING CAN BE MEASURED!!! Beyond Clips, Clicks & Hits 12
  • 13. You Need To Determine… How much should I put into it? Do I know the vital metrics (for finance, operations, sales, marketing, etc.)? Can you act on the data? What’s my time frame? Beyond Clips, Clicks & Hits 13
  • 14. IT’S A JUNGLE OUT THERE Beyond Clips, Clicks & Hits 14
  • 15. The “HIPPO” Methodology Beyond Clips, Clicks & Hits 15 Based on the Highest Paid Person’s Objective
  • 16. The “Penguin” Methodology Beyond Clips, Clicks & Hits 16 Each tactic measured the same way
  • 17. The “Monkey-See-Monkey-Count” Methodology Beyond Clips, Clicks & Hits 17 Counting … just because you can
  • 18. The “T-Rex” Methodology Beyond Clips, Clicks & Hits 18 So big that it consumes your entire budget
  • 19. Five Fundamentals Of Measuring Programs Start with research Set measurable objectives Only measure what’s important Use the right tools Measure continuously Beyond Clips, Clicks & Hits 19
  • 20. FUNDAMENTAL #1 START WITH RESEARCH Beyond Clips, Clicks & Hits 20
  • 21.
  • 25.
  • 26. Tips To Developing Measurable Objectives Objectives must: Address a specific outcome Designate the specific target audience Specify a specific level of attainment Identify a specific timeframe Beyond Clips, Clicks & Hits 23
  • 27. Example: Business Objective #1 Generate $25 million in revenue from X product line Sales Objective: Improve win-ratio by 40 percent and shorten sales cycle by 20 percent Marketing Communication Objective: Increase qualified sales leads by 20 percent over 2008 Product Marketing Objective: Identify three to five possible line extensions based on feedback and use of initial launch model Financial Communication Objective: Increase institutional ownership by 10 percent Beyond Clips, Clicks & Hits 24
  • 28. Example: Business Objective #2 Improve customer preference of brand Marketing Objective: By 4Q09, achieve 55 percent brand awareness among 25- to 40-year-old men in the U.S. by increasing awareness by 10 percent Financial Communication Objective: Increase number of analysts following the company Communication Objective: Maintain no. 1 share-of-voice position in tier one trade publications compared to competitors A, B and C Beyond Clips, Clicks & Hits 25
  • 29. FUNDAMENTAL #3 ONLY MEASURE WHAT’S IMPORTANT Beyond Clips, Clicks & Hits 26
  • 30. Metrics – The Three O’s Outputs: Execution of program elements All work measured on budget, timing and message alignment Are we getting the work done efficiently and effectively? Outtakes: The net impression Strive for majority of deliverables Media coverage, circulation, event attendance, distribution, search rankings Are we reaching the right people? Outcomes: The behavior that follows Tied to business goals Sales increase, lead generation, unaided awareness, incoming versus outgoing media calls Programs, not tactics Beyond Clips, Clicks & Hits 27
  • 31. Audience – Specific Outputs, Outtakes And Outcomes Beyond Clips, Clicks & Hits 28
  • 32. FUNDAMENTAL #4 USE THE RIGHT TOOLS Beyond Clips, Clicks & Hits 29
  • 33. Sample Measurement Tools Radian6 LexisNexis Google News Google Analytics Compete.com Clipping Services Search.Twitter.com BoardLeader.com Beyond Clips, Clicks & Hits 30 BlogPulse Technorati Survey Monkey Gallup BizShark.com Alexa.com D&B Database BackType.com
  • 34. FUNDAMENTAL #5 MEASURE CONTINUOUSLY Beyond Clips, Clicks & Hits 31
  • 35. Benchmark, Track, Analyze And Act Beyond Clips, Clicks & Hits 32 Review last year’s metrics; set program objectives Monitor and track progress Feed evaluation results into planning process Leverage observable changes
  • 36. In Closing Everything can be measured Don’t fall into the ROI trap The value of measuring tactics is limited Consider measurement a process … not a point in time Beyond Clips, Clicks & Hits 33