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Social Media Strategy
    for Business
  “...but is it measurable?”

   presenter: Kate O’Neill
Defining Social Media
Defining Social Media

• publishing power to the masses
Defining Social Media

• publishing power to the masses
• participation
Defining Social Media

• publishing power to the masses
• participation
• conversation
Defining Social Media

• publishing power to the masses
• participation
• conversation
• accountability, transparency, measurability
What do we mean by
  social media?
What do we mean by
    social media?

• Twitter, Facebook, MySpace, LinkedIn, blogs
What do we mean by
    social media?

• Twitter, Facebook, MySpace, LinkedIn, blogs
  but also
What do we mean by
    social media?

• Twitter, Facebook, MySpace, LinkedIn, blogs
  but also
• YouTube, Ning, Flickr,Vimeo, Bebo, Last.fm,
  imeem, Plaxo, Tumblr, etc.
How do I get started?


      Pick a method:
Research,
Strategize,
  Plan, &
 Execute
Research,
Strategize,
  Plan, &
 Execute
Or... learn as you go.
Or... learn as you go.
Social Media
Measurements
better control         What is your presence online? How are you reaching out?
of positioning



                                                                    Social
                              SEO              PPC                                   etc
                                                                    Media

                                                                                               off-site
           better control
             of visitor        Who are the customers coming to your site?
            experience                 What are they looking for?
                                        What are the audiences?


                                                                         usability
                                      segmentation      analytics
                                                                         studies




                     better control     What can be done to reduce
                                                                                     on-site
                     of conversion       friction in the customer
                                                experience?


                                              testing        targeting
Financing
                                                                                       Success
                                   Operatons                                           Metrics




                                                              Your                                                  Audience /
                  Management                                                    Positioning
                                                            Business                                                Segments
                                                            Strategy
                                                                                                  Your
                                                                                                Marketing
                                                                                                Strategy
                                       Culture
                                                                    Offering
                                                                                                  Differentiation




 participation


                                                       Key
                                                     Channels
                                   Key
                                 Audience
related blogs /                                                        Key
  RSS feeds                                        Your              Concepts
                                                 Content
                                                 Strategy
                                                                              Your                                  search
                                       Key                                  Keyword                                  term
                                    Producers                               Strategy                                 alerts
                                                                                               Key
                                                                                              Terms




                                                   blog
                  contribution                   schedule
                                                                   style                                        responsiveness /
                                                                   guide                                            support
Traditional Marketing Path


Awareness   Preference   Purchase   Loyalty
Social Marketing Path

 Reach /
                                      Goal
Exposure /   Engagement   Influence
Awareness                            Action
Social Marketing Path
                Select Measures
 Reach /                                           Performance
Exposure /       Engagement           Influence          of
Awareness                                          Goal Action

                   Click-
                                   Purchase
                   throughs                            Purchase
 # of Visits                      Consideration
                   Duration                         Attend event
# of Visitors                      Likelihood to
                  Repeat visits                     Tell a friend
Comments                           Recommend
                  Registration                         Contact
                  Retweets
And the holy grail:

• Social media ROI

• One example:
• http://www.dragonsearchmarketing.com/
  social-media-roi-calculator.htm
What are the Ideal
  Measures?
What are the Ideal
  Measures?
   qualitative - - - - - - quantitative




                                          subjective - - - - - - - - - - objective
What are the Ideal
  Measures?
   qualitative - - - - - - quantitative




                                           Awareness

                                          subjective - - - - - - - - - - objective
What are the Ideal
  Measures?
   qualitative - - - - - - quantitative
                                                                       Purchases




                                           Awareness

                                          subjective - - - - - - - - - - objective
What are the Ideal
  Measures?
   qualitative - - - - - - quantitative
                                                                       Purchases




                                                             Reach


                                           Awareness

                                          subjective - - - - - - - - - - objective
What are the Ideal
  Measures?
   qualitative - - - - - - quantitative
                                                                       Purchases

                                                    Clickthroughs




                                                             Reach


                                           Awareness

                                          subjective - - - - - - - - - - objective
Top-ranking Metrics




       Source: Online Community ROI Models and Reporting study,February of 2008
Middle-ranking Metrics




        Source: Online Community ROI Models and Reporting study,February of 2008
Bottom-ranking Metrics




         Source: Online Community ROI Models and Reporting study,February of 2008
By Industry




   Source: Online Community ROI Models and Reporting study,February of 2008
How to Set Up Tracking

• You do use an analytics package, right?
• Use campaign variables
• Link shorteners with integrated analytics
  (bit.ly, ow.ly, urlzen, kl.am)
Managing Risk
Managing
       Social Media Risk
•   Social media policies

•   Viral video and other viral marketing

•   Considerations for user-generated content

•   Engaging bloggers and/or writing services

•   Selecting employees to blog/tweet about
    company or client’s products or services

•   Rules for sweepstakes and prize promotions
Q&A
Q: How do I get
followers/fans/friends?
• Be interesting.
• Be relevant.
• Share generously.
• Do your homework.
• Invest a little every day/week/month.
Q: How can you define
 ROI for Twitter when
they don't even have a
   revenue model?
Follow me?
Follow me?

Email:
kate@metamarketer.com
Follow me?

Email:
kate@metamarketer.com
kate@corporateidealist.com
kate@honeybowtie.com
Follow me?

             Email:
             kate@metamarketer.com
Twitter:     kate@corporateidealist.com
@kateo       kate@honeybowtie.com
@metamarketer
@corpidealist
Follow me?
Facebook:
facebook.com/kateoneill
             Email:
             kate@metamarketer.com
Twitter:     kate@corporateidealist.com
@kateo       kate@honeybowtie.com
@metamarketer
@corpidealist
Follow me?
Facebook:
facebook.com/kateoneill
             Email:
             kate@metamarketer.com
Twitter:     kate@corporateidealist.com
@kateo       kate@honeybowtie.com
@metamarketer
@corpidealist          LinkedIn:
                       linkedin.com/in/kateoneill
Follow me?
Facebook:                    Blogs:
facebook.com/kateoneill      metamarketer.com
                             corporateidealist.com
             Email:
             kate@metamarketer.com
Twitter:     kate@corporateidealist.com
@kateo       kate@honeybowtie.com
@metamarketer
@corpidealist          LinkedIn:
                       linkedin.com/in/kateoneill

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Social Media for Business: "...but is it measurable?"

  • 1. Social Media Strategy for Business “...but is it measurable?” presenter: Kate O’Neill
  • 3. Defining Social Media • publishing power to the masses
  • 4. Defining Social Media • publishing power to the masses • participation
  • 5. Defining Social Media • publishing power to the masses • participation • conversation
  • 6. Defining Social Media • publishing power to the masses • participation • conversation • accountability, transparency, measurability
  • 7. What do we mean by social media?
  • 8. What do we mean by social media? • Twitter, Facebook, MySpace, LinkedIn, blogs
  • 9. What do we mean by social media? • Twitter, Facebook, MySpace, LinkedIn, blogs but also
  • 10. What do we mean by social media? • Twitter, Facebook, MySpace, LinkedIn, blogs but also • YouTube, Ning, Flickr,Vimeo, Bebo, Last.fm, imeem, Plaxo, Tumblr, etc.
  • 11.
  • 12.
  • 13. How do I get started? Pick a method:
  • 14.
  • 17.
  • 18. Or... learn as you go.
  • 19. Or... learn as you go.
  • 20.
  • 22.
  • 23. better control What is your presence online? How are you reaching out? of positioning Social SEO PPC etc Media off-site better control of visitor Who are the customers coming to your site? experience What are they looking for? What are the audiences? usability segmentation analytics studies better control What can be done to reduce on-site of conversion friction in the customer experience? testing targeting
  • 24. Financing Success Operatons Metrics Your Audience / Management Positioning Business Segments Strategy Your Marketing Strategy Culture Offering Differentiation participation Key Channels Key Audience related blogs / Key RSS feeds Your Concepts Content Strategy Your search Key Keyword term Producers Strategy alerts Key Terms blog contribution schedule style responsiveness / guide support
  • 25. Traditional Marketing Path Awareness Preference Purchase Loyalty
  • 26. Social Marketing Path Reach / Goal Exposure / Engagement Influence Awareness Action
  • 27. Social Marketing Path Select Measures Reach / Performance Exposure / Engagement Influence of Awareness Goal Action Click- Purchase throughs Purchase # of Visits Consideration Duration Attend event # of Visitors Likelihood to Repeat visits Tell a friend Comments Recommend Registration Contact Retweets
  • 28. And the holy grail: • Social media ROI • One example: • http://www.dragonsearchmarketing.com/ social-media-roi-calculator.htm
  • 29. What are the Ideal Measures?
  • 30. What are the Ideal Measures? qualitative - - - - - - quantitative subjective - - - - - - - - - - objective
  • 31. What are the Ideal Measures? qualitative - - - - - - quantitative Awareness subjective - - - - - - - - - - objective
  • 32. What are the Ideal Measures? qualitative - - - - - - quantitative Purchases Awareness subjective - - - - - - - - - - objective
  • 33. What are the Ideal Measures? qualitative - - - - - - quantitative Purchases Reach Awareness subjective - - - - - - - - - - objective
  • 34. What are the Ideal Measures? qualitative - - - - - - quantitative Purchases Clickthroughs Reach Awareness subjective - - - - - - - - - - objective
  • 35. Top-ranking Metrics Source: Online Community ROI Models and Reporting study,February of 2008
  • 36. Middle-ranking Metrics Source: Online Community ROI Models and Reporting study,February of 2008
  • 37. Bottom-ranking Metrics Source: Online Community ROI Models and Reporting study,February of 2008
  • 38. By Industry Source: Online Community ROI Models and Reporting study,February of 2008
  • 39. How to Set Up Tracking • You do use an analytics package, right? • Use campaign variables • Link shorteners with integrated analytics (bit.ly, ow.ly, urlzen, kl.am)
  • 41.
  • 42. Managing Social Media Risk • Social media policies • Viral video and other viral marketing • Considerations for user-generated content • Engaging bloggers and/or writing services • Selecting employees to blog/tweet about company or client’s products or services • Rules for sweepstakes and prize promotions
  • 43. Q&A
  • 44. Q: How do I get followers/fans/friends? • Be interesting. • Be relevant. • Share generously. • Do your homework. • Invest a little every day/week/month.
  • 45. Q: How can you define ROI for Twitter when they don't even have a revenue model?
  • 49. Follow me? Email: kate@metamarketer.com Twitter: kate@corporateidealist.com @kateo kate@honeybowtie.com @metamarketer @corpidealist
  • 50. Follow me? Facebook: facebook.com/kateoneill Email: kate@metamarketer.com Twitter: kate@corporateidealist.com @kateo kate@honeybowtie.com @metamarketer @corpidealist
  • 51. Follow me? Facebook: facebook.com/kateoneill Email: kate@metamarketer.com Twitter: kate@corporateidealist.com @kateo kate@honeybowtie.com @metamarketer @corpidealist LinkedIn: linkedin.com/in/kateoneill
  • 52. Follow me? Facebook: Blogs: facebook.com/kateoneill metamarketer.com corporateidealist.com Email: kate@metamarketer.com Twitter: kate@corporateidealist.com @kateo kate@honeybowtie.com @metamarketer @corpidealist LinkedIn: linkedin.com/in/kateoneill