2. Role of Metrics in Social Media Marketing
Programs
Marketers use metrics to measure in ways to
compare results that relates to specific marketing
objectives. It allows us to determine which strategies
have been successful if at all and which have failed.
Without this, it would be hard to assess the
effectiveness when it comes to campaigns
3. Metrics
Advertisers can measure
Reach - the number of people exposed to the message
Frequency - the average number of times someone is exposed
Site stickiness - the ability of a site to draw repeat visits and to
keep people on a site
Relative pull - a comparison of how well different creative
executions generate a response of creative advertising
Clickthroughs - the number of people exposed to an online ad
or link who actually click on it
Sales conversions - the number of people who click through
who go on to purchase the product
Viewthroughs - the number of people who are exposed and do
not click through, but who later visit the brand’s website
4. Engagement
Counting the quantity of interactions consumers
have with a brand doesn’t tell us much about the
quality of these touchpoints. We need to know the
degree of engagement people feel during and after
the interaction, and how these exposures influenced
their feelings about the brand.
6. The Data Approach
It’s a four (4) step process which allows to clearly specify what
the program should accomplish for the organization and
confirm if the plan succeeds. If it doesn’t work out as hoped,
then it just means that new plan must be cooked up by having
to modify what has already been set out on the plan sheet.
Ultimately, social media will have to answer to the same
masters as other kinds of traditional media—the bean
counters that need to see value for their money. The
investment in social media marketing will require
justification. Strategists will want to understand what’s
working and what isn’t in order to decide if a campaign needs
fixing or if it’s worth continuing at all
7. The Data Approach
The measurement plan is organized according to a
four-step process known as the DATA approach.
Define: Define the results that the program is
designed to promote.
Assess: Assess the costs of the program and the
potential value of the results.
Track: Track the actual results and link those
results to the program.
Adjust: Adjust the program based on results to
optimize future outcomes
8. Characteristics the Most Commonly Used Social
Media Metrics Share
One of the ways that it’s measured is through use of
social media –
Such as fan pages on Facebook. It is all measured
through the interaction activities and the metrics that are
counted for through all numbers of followers and fans,
comments, likes, recommendations and reviews, and
amount of shared content.
Another type of interaction through social media is called
“Return metrics”, which focuses on outcomes,
such as financials, which directly or indirectly supports the success
of the brand.
Investment measures, cost reduction measures, and other
performance metrics are also all included for the return.
9. How to Calculate Social Media ROI
ROI is a measure of profitability, and it captures how
effective a company is in having to use capital in order to
generate profits.
In order to determine ROI, a financial value is assigned
to a resource that used for executing a strategy,
measuring financial outcomes, and calculating the ratio
between inputs and outcomes.
When even having to try and figure out how much
income hase been generated from investments in
activities, it’s all tried to be measured in what’s known as
Social Media Return On Investment (SMROI).
10. Assessing the Costs and Benefits of a Social
Media Marketing Program
Social media marketing programs have potential to
provide both direct and indirect benefits to
organizations.
In some applications, the returns will be direct and fairly
easy to measure due to a campaign that will cause
consumers to buy the product.
Those that are indirect may only be evident in long term,
and those include buzz-building and awareness
campaigns that motivate people to talk to one another
about a brand or to seek out more information about it.
11. Tracking Social Media Results
Forward tracking requires the analyst to develop
tracking mechanism prior to launching activity
and/or campaign. It is the most accurate approach
because it enables the account team to develop a
mechanism to track exactly the data desired.
Coincident tracking starts while the activity or
campaign is going on, and this method relies on data
that’s gathered at the pint of interaction if not the
point of sale.
12. Tracking Social Media Results
There’s also the Reverse tracking, which is
conducted after the activity or campaign has come to
a full stop.
This method is also used for residual data and may
include primary data collection, such as surveys to
assess the effects of the campaign.
13. Evaluation and Measurement Process:
Ways to Start Measuring
Content consumption: Who is interacting with and
consuming the brand-generated and consumer-
generated content?
Content augmentation: Who is adding to or changing
your content by continuing the conversation with
response posts?
Content sharing: At what rate are those exposed to
the brand messages sharing the content with others
using Share tools?
14. …continued
Content loyalty: How many consumers have
subscribed to branded content with RSS feeds or by
registering for site access?
Content conversations: Who is discussing the brand?
Content engagement: Is the number of friends to
brand profiles growing?
