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TITLE TO GO HEREAdditional detailsDate Put your money where your mouse is Chris Reed Managing Partner, Brew @chris_reed www.brewdigital.com
What’s the ROI of a nice cup of tea?
The best way to judge the effectiveness of a social media campaignis not simply to judge the effectiveness of a social media campaign
followers, flows, friends, fans, connections, counts, re-tweets, comments, diggs, bookmarks, counts, tags, stumbles, views, readers, shares, tweets, unique commenters, pagerank, cpm, pagerank, sentiment scores.
followers, flows, friends, fans, connections, counts, re-tweets, comments, diggs, bookmarks, counts, tags, stumbles, views, readers, shares, tweets, unique commenters, pagerank, cpm, pagerank, sentiment scores. Yes, they’re all measurable. But so what?
So how do you compare...
Evaluation > Measurement
You want to do what, exactly?
Who do you wantto get to door think what?And how do you knowwhen they’ve done it?
Define the specificsSales increase? Reputation improvement? Customer service speed?Measure the outputssocial mentions, links, views, engagement, followers and friendsEvaluate the outcomes and impacts against budgetCPA, tracker research, behaviour change, sales increase
£300K sales increase from trackable hyperlinks ROI: 14:1
Recruited 25,000 users
Provided exemplary customer service
The social media crisis cycle Other twitterati drive  the story. Someone is offended (by a brand) and tweets  it Bloggers get interested. Brand responds. Or doesn’t Mainstream news expands and propagates story Brand’s response is picked over by social media gurus
Now – what’s this cup of tea worth?
TITLE TO GO HEREAdditional detailsDate Put your money where your mouse is Chris Reed Managing Partner, Brew @chris_reed www.brewdigital.com

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Put your money where your mouse is: measuring ROI

  • 1. TITLE TO GO HEREAdditional detailsDate Put your money where your mouse is Chris Reed Managing Partner, Brew @chris_reed www.brewdigital.com
  • 2. What’s the ROI of a nice cup of tea?
  • 3. The best way to judge the effectiveness of a social media campaignis not simply to judge the effectiveness of a social media campaign
  • 4. followers, flows, friends, fans, connections, counts, re-tweets, comments, diggs, bookmarks, counts, tags, stumbles, views, readers, shares, tweets, unique commenters, pagerank, cpm, pagerank, sentiment scores.
  • 5. followers, flows, friends, fans, connections, counts, re-tweets, comments, diggs, bookmarks, counts, tags, stumbles, views, readers, shares, tweets, unique commenters, pagerank, cpm, pagerank, sentiment scores. Yes, they’re all measurable. But so what?
  • 6. So how do you compare...
  • 8. You want to do what, exactly?
  • 9. Who do you wantto get to door think what?And how do you knowwhen they’ve done it?
  • 10. Define the specificsSales increase? Reputation improvement? Customer service speed?Measure the outputssocial mentions, links, views, engagement, followers and friendsEvaluate the outcomes and impacts against budgetCPA, tracker research, behaviour change, sales increase
  • 11. £300K sales increase from trackable hyperlinks ROI: 14:1
  • 14. The social media crisis cycle Other twitterati drive the story. Someone is offended (by a brand) and tweets it Bloggers get interested. Brand responds. Or doesn’t Mainstream news expands and propagates story Brand’s response is picked over by social media gurus
  • 15. Now – what’s this cup of tea worth?
  • 16. TITLE TO GO HEREAdditional detailsDate Put your money where your mouse is Chris Reed Managing Partner, Brew @chris_reed www.brewdigital.com

Editor's Notes

  1. Followers, friends, retweets, commenters, comments,
  2. PR people are used to this.Media people have got stats and numbers and data.PR people are used to nuance and subtlety.Google alertsTweetdeckGoogle analyticsBrandwatch/Radian 6/Sysomos/NeilsenbuzzmetricsOmniture/Doubleclick
  3. PR people are used to this.Media people have got stats and numbers and data.PR people are used to nuance and subtlety.Google alertsTweetdeckGoogle analyticsBrandwatch/Radian 6/Sysomos/NeilsenbuzzmetricsOmniture/Doubleclick
  4. ReputationSalesInfluence v Volume?Reach v Time?Views v Comments?Followers v Retweets?Brand reputation v Sales?My ROI is bigger than your ROI so there...
  5. Only play the ROI game on a level playing field.
  6. £300K increase indirect salesCost was time involved. ROI was 14: 1Not as glamorous as Dell, but....
  7. Drive sign-ups using a combination of social media and PR – 15,000 people in private BetaQuestion: retainer or CPA modelNOT a cost per aquisition model – but, if it was, it would be very good value for money.
  8. ROI is no longer an issue when it comes to reputation online.It’s a hygeine factor. It’s expected.I can’t put figures on it, but the sooner a lid is put on a story (generally) the less it propogates. Speed is essential