Many companies have just begun discovering the power of web analytics and already a new challenge arises. How do you measure the performance of your social media efforts? A practical introduction to social analytics.
18. Build your own social media framework Strategy Corporate goals Business objectives Measures of success Granular metrics Management Tactics
19. Build your own social media framework Operationaltactics How Management What Strategy Why … Business Objective Business Objective KPI KPI MENTIONS FANS KPI KPI CLICKS KPI COMMENTS VIEWS SHARES LIKES
20. A Base Model for Social Media Measurement =Brand mentions/ Total mentions(Brand+Competitors) =Comments+ Shares+Trackbacks / Total Views =Total peopleparticipating/ Total audienceexposure =# active advocates 30 days/ Total advocates =Unique advocate’sinfluence/ Total advocate influence =# advocacydrivenconversions/ Total advocacytraffic =# satisfactorilyresolved issues / Total service issues =Total inquiry response time / Total # Service Inquiries =Customer feedback (A/B/C/..) / All customer feedback =# Specific topic mentions/ All topic mentions =# Pos, Neg, Neutrmentions/ All topic mentions =# Pos mentions, shares, conv/All mentions, shares, conv Source: Jeremiah Owyang, Altimeter Group, John Lovett, Web Analytics Demystified, 2010
21. You need to adapt the model to your own business!
22. Our more detailed model for social campaigns FANS VIDEO PLAYS STREAM CTR … COMMENTS SUBSCRIPTIONS CONVERSIONS BOUNCE RATES ConversionRate Audience Engagement TIME ON PAGE COST CPA RFA scoring VSITORS SHARES ACTION TWEETS ENGAGEMENT VIEWS Share of Voice Active Advocates MENTIONS AWARENESS BACKTRACKS PROMOTE ADVOCACY FOSTER DIALOG ADVOCACY Reach Advocate influence Engaging Communicating
39. Tools in Social Media Measurement NativeSocialAnalyticsTools Web Analytics Vendors Platform SpecificTools Social Media Monitoring Business Intelligencetools
40. A native social analytics tool: PostRank Tip: youdon’t have to own the blog / website, idealforcompetitiveanalysis
41. Our advice on tool selection Thinkabout the whywhengoinginto vendor selection to avoidhaving to buy 25 programs. Thenagain… don’thesitate to experiment withsmalltoolsto avoidhaving to waitfor 2 yearson IT & procurement to buy the toolyouneed.
42. Vendors Web Analytics SMM BI - CRM Platform Specific Native Social FacebookInsights PostRankAnalytics WebTrends Alterian SM2 Unica TweetStats Unilyzer Attentio SAS Adobe OMS HootSuite TwitterCounter SPSS Google Alerts Nedstat You Tube Insight Google Analytics MySpaceAnalytics
43. Learnings 1. Take time to adapt a framework to your needs 2. Define your own KPI’s based on your business goals and integrate in a dashboard Act on your KPI’s in short loops 4. Methodology before technology 5. It’s not exact science, you should accept that