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Using ROI Thinking to Build A Community for Your Blog Using measurement to learn what works and what doesn’t Beth Kanter, Beth’s Blog eMetrics – October 21, 2008
Beth Kanter: Trainer Photo by Steve Goodman
 
Let’s define Return on  Investment  Thinking
Executive Director  How much will it cost? What are the results? How much staff time?  Can we afford it?
How do I calculate that?
Sum of Time & Money Saved  Plus …. Minus … Time & Money spent on your blog Equals … Return on Investment Money earned or donated Benefits translated into value Plus …. The ROI of Blogging ….
It is more than just math …
It is looking in the mirror . . .
Benchmarking with metrics as guides for improvement ….
Especially if you just started to climb the social media mountain …
When I started blogging in 2003 …
 
How come no one is commenting?
I was talking to myself
Set a goal Identify the audience Strategy and Tactics
Beth’s Blog: Nonprofits and Social Media Profiles & Presence Content in many places   RSS Powered Fundraising Sharing photos, bookmarks, videos, and more  Conversations network
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Then I discovered the measurement gurus …
The Secret Sauce Raw Author Contribution Unique Blog Readers  Conversation Index Authority Cost  Return on Investment  Avinash
1. Raw Author Contribution
2. Unique Blog Readers RSS Subscribers
Unique Daily Visitors
Do I really want visitors because they Googled “Beth”?
So, I added a tagline to my blog – “how nonprofits can use social media.”  Good thing because after Howard Stern married a woman named Beth and the band KISS posted that song on YouTube, my blog was no longer number one! (Although still on the top page of results)
 
Much better to show up first when people google the words  social media nonprofit.
3. Conversation Index
I got obsessed with conversations in the comments …
But there are other ways to evaluate engagement
 
2008 2007 What drives other social media sites and bloggers to link to you?
The Three R’s of Relationship Building
Relationship Building
Rewards
Reciprocity
4. Cost
Reading Writing Maintenance Outreach Commenting Work Flow 5-10 hours per week
Value
 
 
Increased and more efficient inquiries for service
Over $215,000 raised ….
There are also intangible benefits
Deepens expertise
“ Your blog has made a tremendous difference in my work at my nonprofit .” “ You've really been a huge help. Thank you for taking the time to help us newbies along. I especially appreciate both the quality and the personal nature of your posts and learning tools."    - Nonprofit Reader
 
Yes!
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Thank You!  Beth’s Blog http://beth.typepad.com My Wiki http://socialmediametrics.wikispaces.com Have a blog post topic idea? [email_address]

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E-Metrics: Followers, Friends, and Fans - Expanding Your Online Community

Editor's Notes

  1. Photo http://www.flickr.com/photos/spacesuitcatalyst/536389937/