Is Your Social Media Program A Boom or A Bust? How to Use Analytics to Find Out What's Working & What's Not

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  • + bstraley bstraley 2 weeks ago
    Glad you liked the presentation Olivier. The short answer to your question is that one can (and should in most cases) quantify ROI in terms of primary goals if financial objectives aren’t possible. For example, getting people to watch a video or play a game is a common goal of a site or campaign but these actions don’t necessarily drive a financial transaction directly. Nevertheless, they can improve the ROI of a marketing campaign indirectly. Until we get to a place where there is perfect information that connects each action for every user from first impression through to online/offline purchase, using gross measures of ROI is the best one can do in many cases.
  • + thebrandbuilder Olivier Blanchard 1 month ago
    Ben, great presentation. Quick question: Do you define ROI as meeting primary goals, regardless of whether they’re financial or non-financial?
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Notes on slide 1

This slide is a build. Start with the basics of online marketing. Build a site and track its performance. Then click to build the slide to show how paid ads drive traffic…

This slide completes the story. Today buying ads is no longer sufficient. Effective online marketing campaigns need to earn media alongside the ads they pay for. Meteor provides advertisers with the ability to measure and optimize their earned media.

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Is Your Social Media Program A Boom or A Bust? How to Use Analytics to Find Out What's Working & What's Not - Presentation Transcript

  1. Is Your Social media Marketing Program a boom or bust?
    WOMMA Webinar – 10/14/2009
    10/14/2009
    www.meteorsolutions.com
    1
  2. Introduction
    Ben Straley, Meteor Solutions CEO
    Leading Technology Platform for Tracking and Activating Earned Media
    Brands Using Meteor Include:
    10/14/2009
    www.meteorsolutions.com
    2
  3. Online Advertising Is Changing…
    10/14/2009
    CONFIDENTIAL
    www.meteorsolutions.com
    3
    Build Site and Create Content
    Buy Ads
    SEO and Paid Search
    Tracking and Optimization
    Tracking and Optimization
  4. Today Marketing Success Is Earned
    Paid Media (Ads)
    Owned Media
    Earned Media
  5. The Bigger Picture
    10/14/2009
    www.meteorsolutions.com
    5
    Source: Meteor Solutions data from >15 sites spanning games, mobile, technology, and travel sites.
  6. Does It “Move the Needle”?
    10/14/2009
    www.meteorsolutions.com
    6
    +
    +
    Valuable Visitors
    • 1.5x – 4x Conversion Lift
    • Loyal Fans
    (source: Meteor Solutions, Razorfish)
    Growth Potential
    • Twitter is Third-Largest Referrer of Traffic to Etsy(source: emarketer.com)
    • Facebook is Top Referral Source to PerezHilton.com (source: hitwise.com)
    Lots of Traffic
    • 15-20% of Unique Visitors from “Earned” Links
    (source: Meteor Solutions)
  7. So How Do I Measure Its Value and ROI?
    10/14/2009
    www.meteorsolutions.com
    7
  8. Recommendation #1
    Be Clear About Your Objectives and Set Expectations Accordingly
    10/14/2009
    www.meteorsolutions.com
    @meteorsolutions
    8
  9. Awareness = Sheep + LEDs
    Brand/Product Page
    Video
    10/14/2009
    www.meteorsolutions.com
    9
  10. See? It Works!
    > 8MM Video Views (6MM in First 2 Weeks)
    > 3K Tweets About Video on Twitter
    Blog Mentions
    Search Volume
    Video Posted to You Tube (3/16/2009)
  11. Or Does It?
    Video Posted to YouTube
  12. Recommendation #2
    Track and Measure What You Can. There Are Free Tools That Make It Simple and Easy to Quantify Impact and ROI.
    10/14/2009
    www.meteorsolutions.com
    @meteorsolutions
    12
  13. Quantifying Impact Using Twitter and Bit.ly
    10/14/2009
    www.meteorsolutions.com
    13
    http://www.ted.com/talks/clay_shirky_how_cellphones_twitter_facebook_can_make_history.html
  14. Twitter Activity
    10/14/2009
    www.meteorsolutions.com
    14
    Useful, relative measure of content “reach”
  15. Bit.ly Click Trends
    10/14/2009
    www.meteorsolutions.com
    15
  16. @meteorsolutions Stats
    Avg. Clicks per Tweet: 13
    Number of Followers: 184
    Click-Through Rate: 8.2%
    Avg. Total Clicks per Tweet (bit.ly): 2,698
    Avg. % of Total Clicks per Tweet (bit.ly): .6%
    10/14/2009
    www.meteorsolutions.com
    16
  17. Click-Through Rate = Effectiveness
    10/14/2009
    www.meteorsolutions.com
    @meteorsolutions
    17
    • Click-through rate declines as the number of followers increases.
    My Click-Through Rate = (My Clicks) / (My Followers)
  18. Click-Share = Influence
    10/14/2009
    www.meteorsolutions.com
    @meteorsolutions
    18
    • The higher your click-share, the more influence you have relative to others sharing the same content.
    Twitter Click-Share = (My Clicks) / (Total Clicks)
  19. Recommendation #3
    Go Beyond Listening, Counting Mentions, and Tracking “First Clicks”. Capture the Full Scope of Your Program’s Impact.
    10/14/2009
    www.meteorsolutions.com
    @meteorsolutions
    19
  20. Case Study: The Multiplier Effect
    10/14/2009
    Proprietary and Confidential. Patents Pending.
    GOAL:
    • Accelerate awareness and excitement around Game Launch
    STRATEGY AND PLAN:
    • Display Advertising Directing Traffic to Viral Promotion
    TACTICS:
    • Drive traffic with ads and word of mouth
    • Video series encourages repeat visits and WOM
    • Community “unlock” of video content fuels sharing.
  21. Game Campaign Results
  22. Direct Referrals to Site
    10/14/2009
    Proprietary and Confidential. Patents Pending.
    The common view of sources of traffic…
  23. “Earned” Referrals to Site
  24. 37%
    That’s the % of Unique Visitors That Came from Earned Referrals Over The Life of This Campaign.
    And…
    We’re Seeing Some Sites Drive The Majority of Their Traffic This Way
    10/14/2009
    www.meteorsolutions.com
    24
  25. But Wait, There’s More!
    Remember this statistic?
    “Visits from Shared Links Can Convert Up to 4X More Than Paid Media” (Razorfish)
    10/14/2009
    www.meteorsolutions.com
    25
  26. Converting Earned Media Value Into ROI
    10/14/2009
    www.meteorsolutions.com
    26
  27. Take-Aways
    Earned Media is a Key Determinant of Campaign Success
    Tracking and Measurement Can Be Simple and Inexpensive
    Measurement Leads to Optimization of Campaign Performance
    10/14/2009
    www.meteorsolutions.com
    27
  28. How To Reach Me
    Website: www.MeteorSolutions.com
    Blog: blog.meteorsolutions.com
    Twitter: @MeteorSolutions
    Ben Straley, CEO
    Ben@meteorsolutions.com
    206.859.3563
    (866) 677-0604
    10/14/2009
    www.meteorsolutions.com
    28

+ Word of Mouth Marketing AssociationWord of Mouth Marketing Association, 1 month ago

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Presenter: Ben Straley, CEO, Meteor Solutions

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