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Social Media ROI
  Winning political and financial support for Social
  Media on campus



  April 16, 2010
  Rob Cima, Partner
  mStoner, Inc.




mStoner
ROI: It’s not just for
accountants anymore

• Better direct activities

• More effective marketing and communication

• Justify budgets

• Improved accountability




  mStoner                                      page 2
ROI Roadblocks




mStoner            page 3
Few good examples



• Avinash Kaushik, Google




  mStoner                   page 4
Can’t agree on what
“Return” is




mStoner               page 5
Can’t agree on what
  “Return” is


$RETURN = $REVENUE - $INVESTMENT
               $INVESTMENT




   mStoner                     page 6
Intermediate vs. Final
Outcomes

                   • Event Attendance
• Connections
                   • Donations to Annual
• Retweets          Fund
• Fans             • Employment by
                    recent grads




  mStoner                                  page 7
Foo Foo


• “Something pretty or cute with no utilitarian value”

• E.g. “Create community and increase engagement.”




  mStoner                                                page 8
Metric Paralysis


                   • All metrics have
                    problems




 mStoner                                page 9
Technology Hurdles


• Linking Social Media tools with existing back-end

• Multi-channel results. (e.g. engage on Linked in, and
 then phone call)




  mStoner                                                 page 10
Creating ROI
  “Experiments”




mStoner           page 11
Guiding Principles


• Quick Wins

• Connect the dots from activities to goal




  mStoner                                    page 12
Quick Wins

• Small experiments at first

• Explicit is easier than implicit

• Focus on what’s working

• Build up over time




  mStoner                            page 13
Return
           ROI    Invest
          CYCLE




mStoner                    page 14
Goal:
What success looks like,
what we’re going to
accomplish.




         Return
                            ROI    Invest
                           CYCLE




        mStoner                             page 15
SMART Goal




• “Increase online donations from people who have
 graduated in the last 5 years by 20% by June 30, 2011”




 mStoner                                                  page 16
Goal:                              Strategy:
What success looks like,           Main ways we’re going to
what we’re going to do.            achieve the goal.




         Return
                            ROI             Invest
                           CYCLE




        mStoner                                           page 17
Goal:                              Strategy:
What success looks like,           Main ways we’re going to
what we’re going to do.            achieve the goal.




         Return
                            ROI             Invest
                           CYCLE


                                     Action:
                                     Activities we’re going
                                     to do to execute the
                                     strategy.


        mStoner                                           page 18
Goal:                              Strategy:
What success looks like,           Main ways we’re going to
what we’re going to do.            achieve the goal.




          Return
                            ROI             Invest
                           CYCLE

Measure:                             Action:
Intermediate and final
                                     Activities we’re going
metrics
                                     to do to execute the
                                     strategy.


         mStoner                                          page 19
Page Title Goes Here




Campaign Charter



• By (actions), we will (strategy) causing us to (goal).




 mStoner                                                   page 20
A Few Closing Tips


• Focus on trends not absolutes

• Benchmark immediately

• Use excel if necessary




 mStoner                          page 21
Page Title Goes Here




ROI




mStoner                  page 22
Thanks!



• rob.cima@mstoner.com




 mStoner                 page 23
Panel Discussion




mStoner              page 24

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Social Media ROI

  • 1. Social Media ROI Winning political and financial support for Social Media on campus April 16, 2010 Rob Cima, Partner mStoner, Inc. mStoner
  • 2. ROI: It’s not just for accountants anymore • Better direct activities • More effective marketing and communication • Justify budgets • Improved accountability mStoner page 2
  • 4. Few good examples • Avinash Kaushik, Google mStoner page 4
  • 5. Can’t agree on what “Return” is mStoner page 5
  • 6. Can’t agree on what “Return” is $RETURN = $REVENUE - $INVESTMENT $INVESTMENT mStoner page 6
  • 7. Intermediate vs. Final Outcomes • Event Attendance • Connections • Donations to Annual • Retweets Fund • Fans • Employment by recent grads mStoner page 7
  • 8. Foo Foo • “Something pretty or cute with no utilitarian value” • E.g. “Create community and increase engagement.” mStoner page 8
  • 9. Metric Paralysis • All metrics have problems mStoner page 9
  • 10. Technology Hurdles • Linking Social Media tools with existing back-end • Multi-channel results. (e.g. engage on Linked in, and then phone call) mStoner page 10
  • 11. Creating ROI “Experiments” mStoner page 11
  • 12. Guiding Principles • Quick Wins • Connect the dots from activities to goal mStoner page 12
  • 13. Quick Wins • Small experiments at first • Explicit is easier than implicit • Focus on what’s working • Build up over time mStoner page 13
  • 14. Return ROI Invest CYCLE mStoner page 14
  • 15. Goal: What success looks like, what we’re going to accomplish. Return ROI Invest CYCLE mStoner page 15
  • 16. SMART Goal • “Increase online donations from people who have graduated in the last 5 years by 20% by June 30, 2011” mStoner page 16
  • 17. Goal: Strategy: What success looks like, Main ways we’re going to what we’re going to do. achieve the goal. Return ROI Invest CYCLE mStoner page 17
  • 18. Goal: Strategy: What success looks like, Main ways we’re going to what we’re going to do. achieve the goal. Return ROI Invest CYCLE Action: Activities we’re going to do to execute the strategy. mStoner page 18
  • 19. Goal: Strategy: What success looks like, Main ways we’re going to what we’re going to do. achieve the goal. Return ROI Invest CYCLE Measure: Action: Intermediate and final Activities we’re going metrics to do to execute the strategy. mStoner page 19
  • 20. Page Title Goes Here Campaign Charter • By (actions), we will (strategy) causing us to (goal). mStoner page 20
  • 21. A Few Closing Tips • Focus on trends not absolutes • Benchmark immediately • Use excel if necessary mStoner page 21
  • 22. Page Title Goes Here ROI mStoner page 22