Measuring Twitter Marketing Campaigns: Funnel Approach

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Can a traditional funnel approach be used to measure social media campaigns? This paper shows one approach to measuring Twitter campaigns with a funnel. The Twitter funnel differs from the traditional framework in the underlying metrics, measurement techniques, and more importantly, the levers marketers can pull to optimize campaigns and ongoing engagement. This paper walks through a basic framework and a sample analysis based on one of Dell's recent tweets.

This whitepaper was created by 20 Decibels with the Social Media Society for distribution at OMMA Social 2010 and Social Media Week in NYC 2010.

20 Decibels is a Twitter campaign management and analytics solutions for social media professionals. Join our private beta at http://www.20dbs.com or connect with us on twitter @20dbs

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Measuring Twitter Marketing Campaigns: Funnel Approach

  1. 1. Measuring Twitter Campaigns: The Funnel Approach INTRODUCTION: Marketers have long measured web-based campaigns with a funnel framework – tracking campaigns from initial awareness to the end objectives. For campaigns on Twitter, the funnel framework remains logical for measuring and optimizing performance. The Twitter funnel differs from the traditional framework in the underlying metrics, measurement techniques, and more importantly, the levers marketers can pull to optimize campaigns and ongoing engagement. Below is a sample Twitter marketing structure and an analysis of a recent campaign from Dell, one of the most effective brands on Twitter. THE TWITTER FUNNEL: Campaign Max Reach = Followers Tweets The theoretical maximum number of people reached. Measured by summing the unique followers of the campaign’s originator plus participants. Max Reach Impressions = Reach x Attention & Activity Weight Measured by weighing Reach with the likelihood that each person reached actually viewed the campaign – higher Impressions attention and activity will generate more impressions. Engagement = Participation + Replies + Retweets Engagement Measured by aggregating the number of people that participate in the conversation, reply, or amplify (retweet) the conversation or campaign. Action Action = Desired customer action/response Measured with clicks, downloads (e.g. coupons), subscribing to updates, etc. Actions can occur on Twitter or in another Conversions channel depending on campaign specifics. (customers, revenue, sign-ups) 20 Decibels is the Twitter campaign management and The Social Media Society is a newly formed association analytics solution that social media professionals have dedicated to the advancement of social media as a been asking for. With 20 Decibels, social media managers powerful communication channel & marketing platform. and marketing agencies can easily manage, measure, and The Society provides an open forum for members to optimize Twitter campaigns. collaborate with other industry practitioners & grow To become a beta user visit www.20dbs.com social media marketing skills. Connect with us on Twitter: @20dbs Learn more at http://socialmediasociety.org Measuring Twitter Campaigns: The Funnel Approach | 20 Decibels (20dbs.com) & The Social Media Society PAGE 1 OF 2
  2. 2. APPLYING THE TWITTER FUNNEL: DELL CASE STUDY Dell is recognized as one of the most effective marketing-focused brands on Twitter. With dozens of active Twitter accounts, Dell is distributing deals, running promotions, communicating with customers, and engaging influencers. Dell uses Twitter to push campaigns to >1.5 million followers and maintains ongoing customer interactions. From their top 6 handles alone, Dell sends an average of 14.5 @replies per day. In the following example, we analyzed a single tweet from a recent @DellOutlet promotion. Campaign Tweet Max Reach 1,583,786 followers 1,583,129 Dell + 657 participant followers Impressions 121,440 impressions Engagement 8 participants on Twitter Action 1,404 clicks to product page Conversions (customers, revenue, sign-ups) This tweet is a part of Dell’s ongoing efforts on Twitter that have generated $6.5M in total sales (Source: Brand Republic, 12/8/2009) Note: This analysis was completed using 20 Decibels tools, public data, and APIs. Dell did not participate. Measuring Twitter Campaigns: The Funnel Approach | 20 Decibels (20dbs.com) & The Social Media Society PAGE 2 OF 2

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