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How to measure Social Media ROI with Gary Angel and Scott K. Wilder
Introductions ,[object Object],[object Object],[object Object],[object Object]
Overview ,[object Object],This will be a good webinar if….you’ve gained insight into measuring the success of your social efforts – and we don’t mean cocktail parties.
It’s an Art and a Science We will talk mostly about the Science “Can’t manage what you can’t measure”
What Community/Social Members rate as top-metrics - Traffic Pattern & Statistics - 75% - Community Member Engagement - 74% - Unique Number of Visitors - 72% - New Member Registration - 70% - Member Satisfaction - 59% - Provide Feedback/Ideation for R&D - 49% - Number of Referrals by Members  - 33% - Transition Lurkers into Active Members - 29% - Impact of community on revenue - 27% - Mentions of Organization or Brand on other Community Sites - 27% - Ratio of Comments per Post - 25% - % of Product Forum Posts that receive Answer - 20% - Promotions of Community Members to moderators - 20% - Keywords for Forums and Blogs - 17% - Cost Savings for Customer Service 16% - Ave. # of Customer Service Tickets/Month - 13% - Number of Product Trial Downloads - 12% - Ave. Number of Tech Support tickets/month -11% - Cost Savings for Tech. Support - 11% - Average Time for a response - 10% Source: Forum One – Bill Johnson
Targeting the Social Spheres ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Your World: From more than 30,000 feet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Your World: Investing in a Community ,[object Object]
Your World: Balancing Measurement Goals ,[object Object],[object Object],[object Object],[object Object]
Your World: Focused Reporting Most of the work in building good reports is getting the  RIGHT  numbers. Measuring site success for non-Ecommerce Sites takes hard work. The payoff is a truly useful report – the net value of a site to the company.
[object Object],Which department / division owns ‘Social?’ Measure what really matters? But you can’t measure everything Your World: Measuring Success  Marketing Product Development Customer Care To generate leads and / or drive transactions To integrate learnings/suggestions in product To enable users to get quality answers fast ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],-# of answers by users vs. company -# ratings of answers -Resolution rates -Reduction of costs for answers -Customer Satisfaction How to do these? How to do these? How  to do these?
Your World: Marketing Success ,[object Object],[object Object],[object Object],[object Object]
Your World: Conversion Tracking In every case, community sourced visits performed worse than average. But community visitors over time performed significantly BETTER than average. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Your World: Long-Tail SEO Branded keyword traffic to communities may not be particularly desirable. Ditto for high-profile terms well optimized on the marketing sites. But long-tail traffic is almost always a win. ,[object Object],[object Object],[object Object],[object Object]
Your World: Product Development ,[object Object],[object Object],[object Object],[object Object],[object Object]
Your World: Product Development Product Recommendations Report for Product Manager ,[object Object],[object Object],[object Object],Issue Customer quote Link Action taken Learnings XXXXX XXXXXXXX URL XXXXXX ,[object Object],XXXXX XXXXXXXX URL XXXXXX ,[object Object],XXXXX XXXXXXXX URL XXXXXX ,[object Object],XXXXX XXXXXXXX URL XXXXXX ,[object Object],XXXXX XXXXXXXX URL XXXXXX ,[object Object]
Your World: Customer Care ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Your World: Customer Care Customer Type 1 Customer Type 2 Customer Type 3 Customer Type 4 Customer Type 1 Customer Type 2 Customer Type 3 Customer Type 4 Callers Prior to Optimization Callers After Optimization ,[object Object],[object Object],[object Object],[object Object]
DIY or focus on other sites only ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DIY or focus on other sites only ,[object Object],[object Object],[object Object],[object Object],[object Object]
The New World: Other Sites  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some goals of Facebook, LinkedIn, Twitter… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Organizational structure usually drives goals Other sites: Measuring Success  Marketing Product Development Customer Care To generate leads and / or drive transactions To integrate learnings/suggestions in product To enable users to get quality answers fast ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sentiment and Mentions vs. Baseline and “Control” communities How to do these? Google Alerts, Google Blog search, Twitter Search, Sitevolume.com, Social Mention.com UserVoice.com GetSatisfaction.com Google, Omiture, Collectiveintellect.com
Other Sites: Marketing Tracking ,[object Object],Categorization of Referring Sites (in this case using an Omniture Unified Source Vista Rule) is essential for effective tracking of social traffic. ,[object Object],[object Object]
Example using FaceBook ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples using Twitter (influencer) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The In-Between World: Big Picture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The In-Between World: Big Picture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Caveat:  Just as important to focus on how each user can influence another user ,[object Object],[object Object],[object Object]
A model for Engagement Source: Ross Mayfield – Ross.Typepad.org
Engagement on your site ,[object Object],[object Object],[object Object],Registered but don’t post Read but don’t register Recently active and potential to be major contributor Engagement  can start before they get to your site
Everyone has ‘star potential’ -- Almost anyone can influence Engagement on other sites Follow your page And participate on page Just read your content (reach) Retweet ,[object Object],[object Object]
Examples of engagement models (Social CRM) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
10 Take aways ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Don’t forget to listen!
What Community Managers are tracking*: - Traffic Pattern & Statistics - 75% - Community Member Engagement - 74% - Unique Number of Visitors - 72% - New Member Registration - 70% - Member Satisfaction - 59% - Provide Feedback/Ideation for R&D - 49% - Number of Referrals by Members  - 33% - Transition Lurkers into Active Members - 29% - Impact of community on revenue - 27% - Mentions of on other Community Sites - 27% - Ratio of Comments per Post - 25% - % of Product Forum Posts s with answer - 20% - Keywords for Forums and  Blogs - 17% - Cost Savings for Customer Service 16% - Number of Product Trial Downloads - 12% - Ave. Number of Tech Support tickets/month -11% - Cost Savings for Tech. Support - 11% -Average Time for a response - 10% ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Forum One – Bill Johnson Metrics Menu
Source: Forum One – Bill Johnson Metrics Menu 10 Things to think about: - 5% rule - Organizational Structure impacts metrics - Dedicate resource(s) - Use Unique, Campaign-Coded URLs for all campaigns (including Tiny URLs) - Track visitors not just visits - Don’t be afraid of Primary Research – Opinion Research can identifying audience - Think about Private Panels to track and find your audience - Categorize your referring sites & group them intelligently to measure overall social effort - Measure everything you need to prove success - Pay attention to verbatims too ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Source: Forum One – Bill Johnson Metrics Menu ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
To learn more…. ,[object Object],[object Object],[object Object]

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How to measure Social Media ROI

  • 1. How to measure Social Media ROI with Gary Angel and Scott K. Wilder
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  • 4. It’s an Art and a Science We will talk mostly about the Science “Can’t manage what you can’t measure”
  • 5. What Community/Social Members rate as top-metrics - Traffic Pattern & Statistics - 75% - Community Member Engagement - 74% - Unique Number of Visitors - 72% - New Member Registration - 70% - Member Satisfaction - 59% - Provide Feedback/Ideation for R&D - 49% - Number of Referrals by Members - 33% - Transition Lurkers into Active Members - 29% - Impact of community on revenue - 27% - Mentions of Organization or Brand on other Community Sites - 27% - Ratio of Comments per Post - 25% - % of Product Forum Posts that receive Answer - 20% - Promotions of Community Members to moderators - 20% - Keywords for Forums and Blogs - 17% - Cost Savings for Customer Service 16% - Ave. # of Customer Service Tickets/Month - 13% - Number of Product Trial Downloads - 12% - Ave. Number of Tech Support tickets/month -11% - Cost Savings for Tech. Support - 11% - Average Time for a response - 10% Source: Forum One – Bill Johnson
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  • 10. Your World: Focused Reporting Most of the work in building good reports is getting the RIGHT numbers. Measuring site success for non-Ecommerce Sites takes hard work. The payoff is a truly useful report – the net value of a site to the company.
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  • 29. A model for Engagement Source: Ross Mayfield – Ross.Typepad.org
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