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ROI On Digital And Social Media Marketing
The document discusses the growing importance of digital and social media in marketing, highlighting significant trends and statistics for 2014, including a shift in ad spending from traditional media to digital platforms, with mobile being a key driver. It emphasizes the necessity of measuring return on investment (ROI) for social media campaigns and provides insights on how to effectively track and evaluate campaign success. Case studies are presented to illustrate successful strategies and the impact of social media on brand visibility and revenue generation.
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ROI On Digital And Social Media Marketing
- 1. ROI on Digitaland Social Media Marketing Dec 2013 @sree_raman @ananthv9 @rushabh69
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- 3. Can ‘Likes’ CureCancer?
- 4. Significance of Digitaland Social Media in Marketing • Today, Focus on customers and customer experience matters more than any other strategic imperative Be here or go home
- 5. Digital Outlook for2014 • Internet in 2013 passed newspapers to become the world's 2nd largest ad medium, just behind TV Source: ZenithOptimedia’s Advertising Expenditure Forecasts Dec 2013
- 6. Digital Outlook for2014 • • India at no.14 with $ 5,863 million in ad spends Digital will contribute 20% of the spends Source: ZenithOptimedia’s Advertising Expenditure Forecasts Dec 2013 | GroupM Report Dec 2013
- 7. Digital Outlook for2014 & beyond • Advertising is set to see the strongest sustained period of growth in ten years. • Global ad spend growth forecast to rise from 3.6% in 2013 to 5.3% in 2014. • Growth is then set to increase to 5.8% in 2015 and 2016. • The principle engine of this growth will be mobile technology, which is expanding the space for media consumption. • Mobile to contribute 36% of all the extra ad spend between 2013 and 2016 Source: ZenithOptimedia’s Advertising Expenditure Forecasts Dec 2013
- 8. Social Media Outlook– 2014 • Indian audience across various social media platforms – October 2013 57 mn 12 mn 42 mn 5.3 mn 14 mn 3.5 mn Source: comScore
- 9. Social Media Outlook– 2014 • • • • Content’s quality (Hummingbird update)) Microblogging (the no algorithm funda) Private photo sharing (Snapchat, Instagram private) Personalized content from influencers (LinkedIn Pulse) Video (Vine, YouTube) • • Facebook’s pay-to-play Junk content (context and semantic matters) •
- 10. What is ROIon Digital and Social Media all About? The fundamental questions is: “Did I get anything meaningful for my tiring efforts of managing social media pages and digitial media campaigns?”
- 11. The Myths ofMeasurement
- 12. What can beMeasured? Measure based on your objectives
- 13. The Result FocusedMetrics Source: social@Ogilvy
- 14. How to Measure? Source:social@Ogilvy
- 15. The Revenue Model EarnedMedia Value Social Media Action Page likes Post likes Shares Comments Retweets YouTube video views Blog by others Mention in news Value per instance INR 12 INR 10 INR 25 INR 30 INR 30 INR 3 INR 15,000 INR 60,000 Saved Revenue • Response to a query • Resolution to an issue • Up sell
- 16. Extreme Success Stories Raised51 Lacs from Crowd-funding Through Social Media
- 17. Extreme Success Stories 8Million Simultaneous Live Views in YouTube
- 18. Extreme Success Stories 15000Retweets and Counting
- 19. Case Study Ship ofTheseus by @media2win
- 22. Challenge How do youconvert a critically acclaimed art film into a box office success, with minimal marketing spends?
- 23. Breaking it down! PROBLEM Identifyingright audience for the movie SOLUTION Let the audience identify itself PROBLEM Break clutter and drive awareness SOLUTION Focus on Social media and identify influencers
- 24. ‘Vote for yourcity’
- 25. How did theapplication help us? Social media enabled an optimal selection of theatres and show timings, thereby resulting in an above average theatre occupancy level
- 26. The number game 2.2M Organic fans reached 15,246 Unique tab visitors 5,832 Votes casted
- 27. Trickle down effect 24 Citiesshortlisted
- 28. ‘The Good Road’ 20M Boxoffice revenues. Highest ever for a film of its genre 4X Revenue as compared to ‘The Good Road’ (India’s Oscar entry)
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- 30. ROI on SocialMedia By Ananth V Techdivine Creative Services
- 31. About Techdivine CreativeServices: Brief introduction - Founded in 2010 - Catered to 32 brands across 16 industries in 4 countries (India, USA, UK, UAE) - Has two Registered Brands: Techdivine ® & Your SMQ ® ~ Social Media Quotient - Core services: ROI based social media brand marketing Twitter @AnanthV9 Facebook.com/AnanthV9
- 32. ROI on Socialmedia marketing (SMM) “Every digital marketing campaign needs to be integrated with a real ROI tracking process for your BRAND & that too in real-time. Innovate, implement, Measure, Improvise and generate ROI ” Twitter @AnanthV9 Facebook.com/AnanthV9
- 33. ROI results samplereport ROI results across few industries & brands across countries that we have worked with Shows Percentage increase in Leads/Sales & Conversions Twitter @AnanthV9 Facebook.com/AnanthV9
- 34. First ask yourself:Is SMM for BRAND You? Are you just a part of the Social media frenzy or is this market potential really going to help you? Before you jump into a social media marketing campaign because everyone else seems to be doing it, ask yourself few questions about content, resources, goals you want to measure & more…. Have clearly defined GOALS! -Increase leads / enquiries by 15% in the first quarter - Increase leads to sales conversions by 10% in the first quarter -Increase footfalls by 65% in the first quarter -Encourage & initiate at least 1,000 check-ins in the first one hour of the event Twitter @AnanthV9 Facebook.com/AnanthV9
- 35. Measuring ROI across…..BRAND Goals - Goals based on deliverables for BRANDS - Leads/Enquiries Conversions ratio Mentions / Conversions ratio Likes/Follows/Circles – Conversion ratios Brand reach and other goals - Empower using social networking sites like Google Plus, Facebook, Twitter etc to connect in real-time for real conversations with your end users. Measure the efforts in terms of resources to the actual NUMBERS in terms of Goals achieved – COST – Revenue ratio LIFE Success = Achievements – Sacrifices to get there Was it worth it? YES! Twitter @AnanthV9 Facebook.com/AnanthV9
- 36. PROCESS: How toget started for Social media ROI? Twitter @AnanthV9 Facebook.com/AnanthV9
- 37. Strategize according toyour BRAND Goals Twitter @AnanthV9 Facebook.com/AnanthV9
- 38. Research consumers presenceonline Understand which sites appeal to them the most and why? G Plus 100% Blog KRC 80% You Tube 60% LinkedIn 40% Twitter 20% Facebook 0% DEMOGRAPHICS Twitter @AnanthV9 Facebook.com/AnanthV9 All Contents are Copyrights of TECHDIVINE Creative Services 38
- 39. CASE STUDY 1:Footfalls at a restaurant – Actual SALE & Brand advertising -Google Map -Google Map - -Image Image - -Webmaster Webmaster - -Google Google Analytics Analytics - -Twitter Twitter -Your SMQ -Your SMQ - -Twitter Twitter 23% increase in footfalls in the first quarter 65 % increase in Brand mentions online Twitter @AnanthV9 Facebook.com/AnanthV9
- 40. CASE STUDY 2:Actual Sales ROI (Trading/Broking) 31 % conversions on actual SALES – Leads for ROI http://www.slideshare.net/YourSMQ Twitter @AnanthV9 Facebook.com/AnanthV9
- 41. TRENDS: Should yoube a part of it?
- 42. General Skeleton oftracking Social media ROI Twitter @AnanthV9 Facebook.com/AnanthV9
- 43. Brands have amuch more important role than ever before….. i.e to connect with the consumer within. Social media is not about websites. It was, is and will always be about people. Humanize your BRAND. People buy from people they trust, so engage into conversations, empower social networking sites, measure, take feedback, listen and innovate. Today, it’s as important to listen to your brand tone too online as much as it is listening to end consumers. Don’t be across every social networking site available, rather be across sites that matter to your audience and consumers. If you exist as a BRAND, someone out there is talking about Twitter @AnanthV9 Facebook.com/AnanthV9 you. So make sure, you are part of the conversation prism.
- 44. ROI on DIGITAL& SOCIAL MEDIA Presented by Rushabh Vasa CEO & Founder
- 45. ROI on Digital& Social Media Return-on-Investment (ROI) is key to any successful marketing initiative. After all, in business, it’s always important to see if your investments are profitable.
- 46. Case Study: FalguniPathak Challenge : Create identity on Social Media Platforms User Engagement Promote Her Event Generate Revenue
- 47. Case Study: FalguniPathak
- 48. Falguni Pathak YoutubeChannel
- 49. Live Streaming onYoutube
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- 51. ROI for Campaign ROIfor Falguni Pathak Campaign Facebook Fanpage : 800,000+ Fans Youtube Subscribers : 1800 Youtube Views : 228,000+ Adwords Revenue : USD 370
- 52. Anoushka Shankar LiveConcert Challenge : Promote Anoushka Shankar’s India Tour User Engagement Generate more Ticket Sell
- 53. Anoushka Shankar LiveConcert
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- 60. ROI for Campaign ForAnoushka Shankar India Tour Campaign (Bliss Entertainment) Facebook Fanpage : 1800+ Fans Twitter Followers : 50 #AnoushkaLive Reach : 22,38,224+ Ticket Sell on Campaign Days : 210 (60% Tickets sold were worth Rs. 2499)
- 61. Case Study :The Grand Legacy, Mahabaleshwar
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- 66. ROI for Campaign ForThe Grand Legacy Adwords Campaign Total Enquiries Received : 270+ (Email) Enquiries via Call : 6-8 Enquiries Rooms Booked : 45+
- 67. Join Us Connect withus GBG Mumbai | Twitter | Facebook | Google+
Editor's Notes
- #13 audience-building, brand awareness, and customer relations.
- #18 Red Bull supports about 600 athletes worldwide (120 in the U.S.) in 160 different kind of sports and invests about one third of its turnover in marketing
- #19 Red Bull supports about 600 athletes worldwide (120 in the U.S.) in 160 different kind of sports and invests about one third of its turnover in marketing