Estimating Social Media ROI with Contentworks Agency

Contentworks Agency
Contentworks AgencyContentworks Agency
1
| 2
What do you mean by return on investment (ROI)?
• In the traditional marketing sense, ROI means for every dollar invested, a measurable
return can be calculated.
• Back when marketing was predictable and the channels were few, this was a science.
• Invest more in channel X and watch the sales flow in.
• In social media, this measurement is about as reliable as a print magazine’s
circulation, but estimating your social media ROI may be necessary in the decision
process.
• This presentation provides examples of spend and estimated ROI across key
industries.
Data Source
What are your company’s top marketing challenges?
| 3
7%
16%
19%
21%
26%
26%
28%
40%
63%
Finding an executive sponsor
Hiring top talent
Training your team
Targeting content for an international audience
Managing your website
Identifing the right technologies for your needs
Securing enough budget
Proving the ROI of marketing activities
Generating traffic and leads
| 4
Why are you using social media?
• Gain more exposure
• Find prospects and leads
• Increase site traffic
• Find new business partners
• Improve search engine rankings
• Reduce marketing expenses
• Close more business
• Improve brand awareness
?
| 5
Ways to track performance - Twitter
• Look at your number of followers and the number of followers of those who
retweeted your message to determine the monthly potential reach.
• Use tracked shortened links to measure web traffic from Twitter
• Use tracked downloads such as eBooks to measure interaction
• Share of voice via influencer marketing (Klout score measured)
• Value of sign ups through tracked links
| 6
Ways to track performance - Facebook
• Track the fan growth for your page
• Track the interactions, comments and shares for your posts
• Monitor the reach of key posts
• Assess the growth in web traffic for tracked links
• Value of sign ups through tracked links
• Review the number of enquiries via direct message
| 7
Ways to track performance - YouTube
• Measure the number of views for videos
• Assess the ratings on your videos
• Monitor the shares and comments on videos
• Track the links from your video descriptions to your site
• Measure the growth for subscribers to your channel
• Value of sign ups through tracked links
| 8
Ways to track performance - Blog
• Measure the number of visitors who viewed the posts
• View the stats for sign ups from contextual links
• Monitor the shares to social media from your blog
• Value of sign ups through tracked CTA links
• Metrics regarding time spent on blog and bounce rate
| 9
Social or Banners?
While you can’t compare like-for-like on a purely cost basis, you can look at how both are
actually performing for you in terms of the quality of traffic they drive to your site.
Source: Case study from Ignite Social Media
BANNER SOCIAL DELTA
Net new visitors (1m, above base) 30,000 170,000 Social = 5.67 x more visitors
Pages per visit 1.57 2.84 Social = 1.8 x more pages
Time on site 0:40 2:18 Social = 3.45 x more time on site
Bounce rate 81.40% 45.46% Social = 44% lower bounce rate
Goal conversions (above base) 3,098 12,603 Social = 4 x more goal conversions
Cost $150.000 $130.000 Social = 86.7 of the cost
Cost per visitor $5.00 $0.76 Social = 6.5 x better return
| 10
How Many Registrations/Conversions Will I Get?
If you choose to boost a post looking for registrations then a number of factors
will influence the funnel from view to click to register to convert.
• Your target region
• Your client’s interests
• Your advert
• Your sector
• The quality of your website or landing page
• The skills of your sales team
| 11
How Many Registrations/Conversions Will I Get?
The average conversion rate for Facebook is 9.21%
• 9.09% for Finance Sector
• 2.31% For Tech Sector
• 7.10% For Beauty Sector
| 12
The average conversion rate for Facebook ads across all industries is 9.21%
Data Source
| 13
What Click Throughs Will I Get?
This is the latest data in from Facebook- the average
CTR is 0.90%
• 0.56% for Finance Sector
• 1.04% For Tech Sector
• 1.16% For Beauty Sector
?
| 14
The average click-through rate (CTR) in FB adds across all industries is .90%
?Data source
?
| 15
What’s A Good CPC for Boosted Posts?
This will depend on your industry and how competitive it is
in the social media sphere.
• $3.77 for Finance Sector
• $1.27 For Tech Sector
• $1.81 For Beauty Sector
?
| 16
The average cost per click (CPC) in FB adds across all industries is $1.72
?Data source
?
| 17
What's a good CPA on Facebook?
The average CPA for paid ads on Facebook is $18.68
• $41.43 for Finance Sector
• $55.21 For Tech Sector
• $25.49 For Beauty Sector
?
| 18
The average cost per action (CPA) in FB adds across all industries is $18.68
?Data Source
?
| 19
What Reach Will I Get?
• Organically your Facebook page posts will only reach between 2-6% of your fans
• With a paid content boost, your reach will be much more
• Certain target audiences are more expensive than others (Australia, UK & Canada are
priciest)
• Your reach will also depend on your sector, time zone, message, text and graphics
?
| 20
Example of China Reach ?
With $10 With $100
| 21
Contentworks for you
• We create engaging content to organically improve your social media ROI
• We nurture your social media communities
• We network with high Klout scoring influencers to boost your profile
• We get you talked about in more places through reputation management and PR
• We create blog posts and content that keeps users on your website
• We improve traffic to your website through interesting social posts
• We work with the budget and internal resources you have available
www.contentworks.agency
hello@contentworks.agency
+357 25 103 639
1 of 22

Recommended

What Happens When All Bitcoins Are Mined by
What Happens When All Bitcoins Are MinedWhat Happens When All Bitcoins Are Mined
What Happens When All Bitcoins Are MinedContentworks Agency
529 views61 slides
Launching Your Blockchain Rocket by
Launching Your Blockchain Rocket Launching Your Blockchain Rocket
Launching Your Blockchain Rocket Contentworks Agency
398 views15 slides
How to Sell Cryptocurrencies via Social Media by
How to Sell Cryptocurrencies via Social MediaHow to Sell Cryptocurrencies via Social Media
How to Sell Cryptocurrencies via Social MediaContentworks Agency
432 views12 slides
Creating Engaging Content For Web, Mobile and Social Media by
Creating Engaging Content For Web, Mobile and Social MediaCreating Engaging Content For Web, Mobile and Social Media
Creating Engaging Content For Web, Mobile and Social MediaContentworks Agency
258 views57 slides
ChatGPT and the Future of Work - Clark Boyd by
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
21.3K views69 slides
Getting into the tech field. what next by
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
5.2K views22 slides

More Related Content

Recently uploaded(20)

DemandMore Example Monthly Deck by WesleyParker10
DemandMore Example Monthly DeckDemandMore Example Monthly Deck
DemandMore Example Monthly Deck
WesleyParker1020 views
Bridging the Gap: How SEO and CRO Work Together to Maximize User Satisfaction... by Rio Ichikawa
Bridging the Gap: How SEO and CRO Work Together to Maximize User Satisfaction...Bridging the Gap: How SEO and CRO Work Together to Maximize User Satisfaction...
Bridging the Gap: How SEO and CRO Work Together to Maximize User Satisfaction...
Rio Ichikawa112 views
What's new at Ahrefs [end of 2023] by Ahrefs
What's new at Ahrefs [end of 2023]What's new at Ahrefs [end of 2023]
What's new at Ahrefs [end of 2023]
Ahrefs53 views
Deltaplan - SEO Search by Roy Huiskes
Deltaplan - SEO SearchDeltaplan - SEO Search
Deltaplan - SEO Search
Roy Huiskes47 views

Featured

Introduction to Data Science by
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data ScienceChristy Abraham Joy
82.2K views51 slides
Time Management & Productivity - Best Practices by
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
169.7K views42 slides
The six step guide to practical project management by
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
36.6K views27 slides
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright... by
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
12.6K views21 slides
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present... by
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
55.4K views138 slides
12 Ways to Increase Your Influence at Work by
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
401.6K views64 slides

Featured(20)

Time Management & Productivity - Best Practices by Vit Horky
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
Vit Horky169.7K views
The six step guide to practical project management by MindGenius
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
MindGenius36.6K views
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright... by RachelPearson36
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
RachelPearson3612.6K views
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present... by Applitools
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Applitools55.4K views
12 Ways to Increase Your Influence at Work by GetSmarter
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
GetSmarter401.6K views
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G... by DevGAMM Conference
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
DevGAMM Conference3.6K views
Barbie - Brand Strategy Presentation by Erica Santiago
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
Erica Santiago25.1K views
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well by Saba Software
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Saba Software25.2K views
Introduction to C Programming Language by Simplilearn
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
Simplilearn8.4K views
The Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr... by Palo Alto Software
The Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr...The Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr...
The Pixar Way: 37 Quotes on Developing and Maintaining a Creative Company (fr...
Palo Alto Software88.3K views
9 Tips for a Work-free Vacation by Weekdone.com
9 Tips for a Work-free Vacation9 Tips for a Work-free Vacation
9 Tips for a Work-free Vacation
Weekdone.com7.2K views
How to Map Your Future by SlideShop.com
How to Map Your FutureHow to Map Your Future
How to Map Your Future
SlideShop.com275.1K views
Beyond Pride: Making Digital Marketing & SEO Authentically LGBTQ+ Inclusive -... by AccuraCast
Beyond Pride: Making Digital Marketing & SEO Authentically LGBTQ+ Inclusive -...Beyond Pride: Making Digital Marketing & SEO Authentically LGBTQ+ Inclusive -...
Beyond Pride: Making Digital Marketing & SEO Authentically LGBTQ+ Inclusive -...
AccuraCast3.4K views
Exploring ChatGPT for Effective Teaching and Learning.pptx by Stan Skrabut, Ed.D.
Exploring ChatGPT for Effective Teaching and Learning.pptxExploring ChatGPT for Effective Teaching and Learning.pptx
Exploring ChatGPT for Effective Teaching and Learning.pptx
Stan Skrabut, Ed.D.57.6K views
How to train your robot (with Deep Reinforcement Learning) by Lucas García, PhD
How to train your robot (with Deep Reinforcement Learning)How to train your robot (with Deep Reinforcement Learning)
How to train your robot (with Deep Reinforcement Learning)
Lucas García, PhD42.5K views

Estimating Social Media ROI with Contentworks Agency

  • 1. 1
  • 2. | 2 What do you mean by return on investment (ROI)? • In the traditional marketing sense, ROI means for every dollar invested, a measurable return can be calculated. • Back when marketing was predictable and the channels were few, this was a science. • Invest more in channel X and watch the sales flow in. • In social media, this measurement is about as reliable as a print magazine’s circulation, but estimating your social media ROI may be necessary in the decision process. • This presentation provides examples of spend and estimated ROI across key industries.
  • 3. Data Source What are your company’s top marketing challenges? | 3 7% 16% 19% 21% 26% 26% 28% 40% 63% Finding an executive sponsor Hiring top talent Training your team Targeting content for an international audience Managing your website Identifing the right technologies for your needs Securing enough budget Proving the ROI of marketing activities Generating traffic and leads
  • 4. | 4 Why are you using social media? • Gain more exposure • Find prospects and leads • Increase site traffic • Find new business partners • Improve search engine rankings • Reduce marketing expenses • Close more business • Improve brand awareness ?
  • 5. | 5 Ways to track performance - Twitter • Look at your number of followers and the number of followers of those who retweeted your message to determine the monthly potential reach. • Use tracked shortened links to measure web traffic from Twitter • Use tracked downloads such as eBooks to measure interaction • Share of voice via influencer marketing (Klout score measured) • Value of sign ups through tracked links
  • 6. | 6 Ways to track performance - Facebook • Track the fan growth for your page • Track the interactions, comments and shares for your posts • Monitor the reach of key posts • Assess the growth in web traffic for tracked links • Value of sign ups through tracked links • Review the number of enquiries via direct message
  • 7. | 7 Ways to track performance - YouTube • Measure the number of views for videos • Assess the ratings on your videos • Monitor the shares and comments on videos • Track the links from your video descriptions to your site • Measure the growth for subscribers to your channel • Value of sign ups through tracked links
  • 8. | 8 Ways to track performance - Blog • Measure the number of visitors who viewed the posts • View the stats for sign ups from contextual links • Monitor the shares to social media from your blog • Value of sign ups through tracked CTA links • Metrics regarding time spent on blog and bounce rate
  • 9. | 9 Social or Banners? While you can’t compare like-for-like on a purely cost basis, you can look at how both are actually performing for you in terms of the quality of traffic they drive to your site. Source: Case study from Ignite Social Media BANNER SOCIAL DELTA Net new visitors (1m, above base) 30,000 170,000 Social = 5.67 x more visitors Pages per visit 1.57 2.84 Social = 1.8 x more pages Time on site 0:40 2:18 Social = 3.45 x more time on site Bounce rate 81.40% 45.46% Social = 44% lower bounce rate Goal conversions (above base) 3,098 12,603 Social = 4 x more goal conversions Cost $150.000 $130.000 Social = 86.7 of the cost Cost per visitor $5.00 $0.76 Social = 6.5 x better return
  • 10. | 10 How Many Registrations/Conversions Will I Get? If you choose to boost a post looking for registrations then a number of factors will influence the funnel from view to click to register to convert. • Your target region • Your client’s interests • Your advert • Your sector • The quality of your website or landing page • The skills of your sales team
  • 11. | 11 How Many Registrations/Conversions Will I Get? The average conversion rate for Facebook is 9.21% • 9.09% for Finance Sector • 2.31% For Tech Sector • 7.10% For Beauty Sector
  • 12. | 12 The average conversion rate for Facebook ads across all industries is 9.21% Data Source
  • 13. | 13 What Click Throughs Will I Get? This is the latest data in from Facebook- the average CTR is 0.90% • 0.56% for Finance Sector • 1.04% For Tech Sector • 1.16% For Beauty Sector ?
  • 14. | 14 The average click-through rate (CTR) in FB adds across all industries is .90% ?Data source ?
  • 15. | 15 What’s A Good CPC for Boosted Posts? This will depend on your industry and how competitive it is in the social media sphere. • $3.77 for Finance Sector • $1.27 For Tech Sector • $1.81 For Beauty Sector ?
  • 16. | 16 The average cost per click (CPC) in FB adds across all industries is $1.72 ?Data source ?
  • 17. | 17 What's a good CPA on Facebook? The average CPA for paid ads on Facebook is $18.68 • $41.43 for Finance Sector • $55.21 For Tech Sector • $25.49 For Beauty Sector ?
  • 18. | 18 The average cost per action (CPA) in FB adds across all industries is $18.68 ?Data Source ?
  • 19. | 19 What Reach Will I Get? • Organically your Facebook page posts will only reach between 2-6% of your fans • With a paid content boost, your reach will be much more • Certain target audiences are more expensive than others (Australia, UK & Canada are priciest) • Your reach will also depend on your sector, time zone, message, text and graphics ?
  • 20. | 20 Example of China Reach ? With $10 With $100
  • 21. | 21 Contentworks for you • We create engaging content to organically improve your social media ROI • We nurture your social media communities • We network with high Klout scoring influencers to boost your profile • We get you talked about in more places through reputation management and PR • We create blog posts and content that keeps users on your website • We improve traffic to your website through interesting social posts • We work with the budget and internal resources you have available