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Social Media Monitoring  - Key to understanding your customers without investing in expensive Market Research! © 2006 Confidential | intelligent marketing & technology solutions  Hardy Alexander,  General Manager  Regalix India October 14 th , 2009
Presenter:  Hardy Alexander ,[object Object],[object Object],[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
Getting a Better Understanding:  Definition ,[object Object],[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions  Source: Wikipedia
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
Social Media Landscape:  Explosive Growth  Image Source: fredcavazza.net © 2006 Confidential | intelligent marketing & technology solutions
US Marketers Plan for Online Marketing Budget in 2009 © 2006 Confidential | intelligent marketing & technology solutions  Image Source: Permission TV, Dec 2008
Social Media Monitoring:  Why is this Important? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions
Are Companies Adequately Measuring Social Media Initiatives? © 2006 Confidential | intelligent marketing & technology solutions  Source: MarketingProfs.com, 2009
Social Media:  Tough to Measure? ,[object Object],[object Object],[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions
Social Media Monitoring:  How to Approach? ,[object Object],© 2006 Confidential | intelligent marketing & technology solutions
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
Sample:  Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions  Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
Sample:  Social Media Metrics Framework © 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],Goals Objectives Metrics Deepen relationship with customers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Learn from the community ,[object Object],[object Object],[object Object],Drive Purchase intent ,[object Object],[object Object],[object Object],[object Object]
Sample:  Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions  Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
Sample:  Social Media Analysis Construct © 2006 Confidential | intelligent marketing & technology solutions  Pillars of Social Media Measurement Reach Discussions Outcomes Quantity Scale and Activity of the fan base  Quality Where on the social Web discussions about brand occurs  Topics What are authors on the social Web talking about in terms of a brand or its product attributes Sentiment Adding value to the audience and cultivating relationships through conversation can influence perceptions Site Traffic Site Engagement acts as a proxy for purchase intentions Purchase Intent Leads or purchases form the most relevant aspect to the brand
Sample:  Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions  Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
Sample:  Social Media Insight Tools and Data Sources © 2006 Confidential | intelligent marketing & technology solutions  Centralize all publicly accessible discussions across the social Web Provides insight into a brand’s Web site visitor behavior Provides access to key social insight activities not readily available in the mainstream ELP Semi-automate the process of deciphering the meaning of social comments Image Source: Journal of Interactive Advertising
Sample:  Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions  Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
Social Media Measurement Process:  Deployment ,[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions
Social Media Measurement Process:  Optimization © 2006 Confidential | intelligent marketing & technology solutions  Evaluate the program performance against the KPIs Diagnose drivers of performance to date Identify opportunities for program enhancement by developing a holistic picture of social activities and their impact
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
What Next? ,[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
Case Study:  World’s Leading Bank ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Case Study : Client Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2009 Confidential | Think Innovation
© 2006 Confidential | intelligent marketing & technology solutions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Social Media Monitoring
About Regalix ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],© 2006 Confidential | intelligent marketing & technology solutions
Domain Expertise UCLA x i gnite ICICI BANK © 2006 Confidential | intelligent marketing & technology solutions
[object Object],Regalix Social Media Jump Start Plan © 2006 Confidential | intelligent marketing & technology solutions  Service Contact Our marketing practitioners will analyze your current marketing program and business model, and give you a comprehensive social media strategy tailored to your specific needs – The plan will include objective, tactics and outcome expected.  Please contact: Namrata Kumar [email_address]
Thank You © 2006 Confidential | intelligent marketing & technology solutions  US 3000 Bridge Parkway,  Suite 101, Redwood Shores  CA 94065, USA  Bangalore 2nd Floor, Zam Zam Centre #26, Infantry Road Bangalore  560 001 India  New Delhi  B-56, Sector 4 Noida 201 301 India  Chandigarh 415, Sec 8 Panchkula 134109 India

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Social Media Monitoring Oct 09

  • 1. Social Media Monitoring - Key to understanding your customers without investing in expensive Market Research! © 2006 Confidential | intelligent marketing & technology solutions Hardy Alexander, General Manager Regalix India October 14 th , 2009
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  • 6. Social Media Landscape: Explosive Growth Image Source: fredcavazza.net © 2006 Confidential | intelligent marketing & technology solutions
  • 7. US Marketers Plan for Online Marketing Budget in 2009 © 2006 Confidential | intelligent marketing & technology solutions Image Source: Permission TV, Dec 2008
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  • 9. Are Companies Adequately Measuring Social Media Initiatives? © 2006 Confidential | intelligent marketing & technology solutions Source: MarketingProfs.com, 2009
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  • 13. Sample: Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
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  • 15. Sample: Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
  • 16. Sample: Social Media Analysis Construct © 2006 Confidential | intelligent marketing & technology solutions Pillars of Social Media Measurement Reach Discussions Outcomes Quantity Scale and Activity of the fan base Quality Where on the social Web discussions about brand occurs Topics What are authors on the social Web talking about in terms of a brand or its product attributes Sentiment Adding value to the audience and cultivating relationships through conversation can influence perceptions Site Traffic Site Engagement acts as a proxy for purchase intentions Purchase Intent Leads or purchases form the most relevant aspect to the brand
  • 17. Sample: Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
  • 18. Sample: Social Media Insight Tools and Data Sources © 2006 Confidential | intelligent marketing & technology solutions Centralize all publicly accessible discussions across the social Web Provides insight into a brand’s Web site visitor behavior Provides access to key social insight activities not readily available in the mainstream ELP Semi-automate the process of deciphering the meaning of social comments Image Source: Journal of Interactive Advertising
  • 19. Sample: Social Media Measurement Process © 2006 Confidential | intelligent marketing & technology solutions Define what is trying to be accomplished and how we’ll know if we have succeeded Online social strategy and insight and optimization approaches to achieve goals Enumerate social tactics and measurement establishment methods for program Implement and launch program ensuring proper execution and accurate performance data collection Synthesize social media performance drivers and identify actionable opportunities for program adjustment
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  • 21. Social Media Measurement Process: Optimization © 2006 Confidential | intelligent marketing & technology solutions Evaluate the program performance against the KPIs Diagnose drivers of performance to date Identify opportunities for program enhancement by developing a holistic picture of social activities and their impact
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  • 29. Domain Expertise UCLA x i gnite ICICI BANK © 2006 Confidential | intelligent marketing & technology solutions
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  • 31. Thank You © 2006 Confidential | intelligent marketing & technology solutions US 3000 Bridge Parkway, Suite 101, Redwood Shores CA 94065, USA Bangalore 2nd Floor, Zam Zam Centre #26, Infantry Road Bangalore 560 001 India New Delhi B-56, Sector 4 Noida 201 301 India Chandigarh 415, Sec 8 Panchkula 134109 India

Editor's Notes

  1. 03/11/09
  2. 03/11/09