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Getting

@MIDWEST   practical with
           social media
           again.
PROVE IT BEFORE YOU BUY IT
AND THE CLIENTS

   GE ED&C
   GE Supply
   GE Appliances
   Honeywell
   Lundia
   Plano
   Kaboodles
   Pfister
   Boss
   Kechler
   Revere Cookware
   Nestle
   Caterpillar
   Cat Fuel Systems
   And others
BUT SOCIAL MEDIA?
OR IS IT?

It takes a team
OR IS IT?

It takes a team
It takes technology
OR IS IT?

It takes a team
It takes technology
It takes time
OR IS IT?

It takes a team
It takes technology
It takes time
All of which are
 limited resources
SO WHAT’S THIS ROI
THIS IS SOCIAL MEDIA ROI

Return on
 Engagement
Return on
 Participation
Return on
 Interactions
Return on Attention
Return on Trust
THE 5 STEPS OF SOCIAL
 MEDIA MEASUREMENT
Define
STEP 1   your goals
STEP 1: DEFINING YOUR GOALS

 Likes (traditional)    Sales
 Retweets               Registrations
 Traffic                Referrals
 Website visits         Links (the currency of
 Videos watched          the social web)
 Images viewed          Votes
 Flyer downloaded       Reduction of phone
 Page viewed             calls
 More Phone calls       Decrease in customer
                          issues
STEP 1: DEFINING YOUR GOALS
STEP 1: DEFINING YOUR GOALS
STEP 2   The Plan
STEP 2: THE PLAN

 Drivers.
     The   big four: Facebook, Twitter, YouTube, LinkedIN
     The   pups: Flickr, 4Square.
     The   traditional: Email.
     The   new buzz: Mobile (not just texting anymore)
     The   forgotten: Blogs, Voice mail, Signatures
     The   tried and true: Print, Press releases
     The   electronic: Digital billboards, Web ads (on others sites)
 Landing Pages.
     Designed specifically around the social media campaign
     Measured with analytics
     Mobile landing pages
     Shortened URL
STEP 2: THE PLAN

Create an Activity
 Timeline of the
 drivers
  Social Media
  Blogs (Websites)
  Print
  Email
  Press Releases
  Mobile messages
  Etc.
STEP 2: THE PLAN

 Hootsuite
  Scheduled postings
  Multiple authors
  Link shortening
  Link tracking
STEP 2: THE PLAN

 Google Analytics
  Source tracking
  Path analysis
STEP 2: THE PLAN

The Tools
  Social Sharing
    Share on their networks
    Likes/Recommendation
    Facebook Connect
STEP 2: THE PLAN

Integration
  YouTube Videos on
    Facebook
    Website
    Twitter
STEP 2: THE PLAN

Integration
  Flickr Images
    Facebook
    Website
    Twitter
STEP 2: THE PLAN

Integration
  Twitter
    Websites
STEP 2: THE PLAN

Integration
  Facebook
    Website
STEP 2: THE PLAN

The
 influencers.
 Who are
 they?
The
STEP 3   Launch
STEP 3: THE LAUNCH

Objective: Get
 started.
Release your
 influencers.
Stick to the
 plan (but don’t
 be afraid to
 react and
 improvise)
STEP 4   The
         Management
STEP 4: THE MANAGEMENT

 Objective
   Engage prospects
   Engage customers
   Engage clients
   In short: Engage
 In order to
   Connect with the
    brand
   Connect with the
    message
   In short: Connect with
    your audience
STEP 4: THE MANAGEMENT

Monitor the
 conversation
  And respond
   within a
   reasonable
   timeframe
STEP 4: THE MANAGEMENT

Google Alerts
  Blogs
  Media
  everywhere
   else
  Remember
   that ratings
   and reviews
   was number 2
STEP 4: THE MANAGEMENT

Watch your web
 traffic
  And just if necessary
STEP 5   Review
STEP 5: REVIEW

Take a breath
Relax
Now is the time to
 reflect
STEP 5:
REVIEW
Q u a l i t a t iv e
M et r i c s
ST E P 5 :
RE VI E W
Q u a n t i t a t i ve
M et r i c s
STEP 5: REVIEW
Record your
 observations
Record your stats
And do it again
The ROI
SUMMARY   Metrics
SUMMARY: THE ROI METRICS

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Measuring the ROI of Social Media

  • 1. Getting @MIDWEST practical with social media again.
  • 2. PROVE IT BEFORE YOU BUY IT
  • 3. AND THE CLIENTS  GE ED&C  GE Supply  GE Appliances  Honeywell  Lundia  Plano  Kaboodles  Pfister  Boss  Kechler  Revere Cookware  Nestle  Caterpillar  Cat Fuel Systems  And others
  • 5. OR IS IT? It takes a team
  • 6. OR IS IT? It takes a team It takes technology
  • 7. OR IS IT? It takes a team It takes technology It takes time
  • 8. OR IS IT? It takes a team It takes technology It takes time All of which are limited resources
  • 10. THIS IS SOCIAL MEDIA ROI Return on Engagement Return on Participation Return on Interactions Return on Attention Return on Trust
  • 11. THE 5 STEPS OF SOCIAL MEDIA MEASUREMENT
  • 12. Define STEP 1 your goals
  • 13. STEP 1: DEFINING YOUR GOALS  Likes (traditional)  Sales  Retweets  Registrations  Traffic  Referrals  Website visits  Links (the currency of  Videos watched the social web)  Images viewed  Votes  Flyer downloaded  Reduction of phone  Page viewed calls  More Phone calls  Decrease in customer issues
  • 14. STEP 1: DEFINING YOUR GOALS
  • 15. STEP 1: DEFINING YOUR GOALS
  • 16. STEP 2 The Plan
  • 17. STEP 2: THE PLAN  Drivers.  The big four: Facebook, Twitter, YouTube, LinkedIN  The pups: Flickr, 4Square.  The traditional: Email.  The new buzz: Mobile (not just texting anymore)  The forgotten: Blogs, Voice mail, Signatures  The tried and true: Print, Press releases  The electronic: Digital billboards, Web ads (on others sites)  Landing Pages.  Designed specifically around the social media campaign  Measured with analytics  Mobile landing pages  Shortened URL
  • 18. STEP 2: THE PLAN Create an Activity Timeline of the drivers  Social Media  Blogs (Websites)  Print  Email  Press Releases  Mobile messages  Etc.
  • 19. STEP 2: THE PLAN  Hootsuite  Scheduled postings  Multiple authors  Link shortening  Link tracking
  • 20. STEP 2: THE PLAN  Google Analytics  Source tracking  Path analysis
  • 21. STEP 2: THE PLAN The Tools  Social Sharing  Share on their networks  Likes/Recommendation  Facebook Connect
  • 22. STEP 2: THE PLAN Integration  YouTube Videos on  Facebook  Website  Twitter
  • 23. STEP 2: THE PLAN Integration  Flickr Images  Facebook  Website  Twitter
  • 24. STEP 2: THE PLAN Integration  Twitter  Websites
  • 25. STEP 2: THE PLAN Integration  Facebook  Website
  • 26. STEP 2: THE PLAN The influencers. Who are they?
  • 27. The STEP 3 Launch
  • 28. STEP 3: THE LAUNCH Objective: Get started. Release your influencers. Stick to the plan (but don’t be afraid to react and improvise)
  • 29. STEP 4 The Management
  • 30. STEP 4: THE MANAGEMENT  Objective  Engage prospects  Engage customers  Engage clients  In short: Engage  In order to  Connect with the brand  Connect with the message  In short: Connect with your audience
  • 31. STEP 4: THE MANAGEMENT Monitor the conversation  And respond within a reasonable timeframe
  • 32. STEP 4: THE MANAGEMENT Google Alerts  Blogs  Media  everywhere else  Remember that ratings and reviews was number 2
  • 33. STEP 4: THE MANAGEMENT Watch your web traffic  And just if necessary
  • 34. STEP 5 Review
  • 35. STEP 5: REVIEW Take a breath Relax Now is the time to reflect
  • 36. STEP 5: REVIEW Q u a l i t a t iv e M et r i c s
  • 37. ST E P 5 : RE VI E W Q u a n t i t a t i ve M et r i c s
  • 38. STEP 5: REVIEW Record your observations Record your stats And do it again
  • 39. The ROI SUMMARY Metrics
  • 40. SUMMARY: THE ROI METRICS

Editor's Notes

  1. CS&A was a medium sized agency recovering from the recession in the late 80’s, early ‘90s.Before we were allow to purchase anything, we had to get a client to pay for itMultimedia - Vactor Manufacturing3D Software - State Farm, Pfister, Lundia
  2. And the clients were no differentThe were worse. Anytime we wanted to do something different, something exciting, something creative, we had to prove it’s valuePhotography – IAA Trust and now Country Companies
  3. But everyone’s answer
  4. But it’s not, it takes not just a person, but people
  5. Return on Investment, the pillar of traditional marketingAccording to the Direct Marketing Association, if you run a direct response campaign and spend $1, you’ll typically generate $10 or more in return. They know this because they’ve been tracking the transactional data from direct mail, paid search, direct response TV and other campaigns for more than 50 years.But
  6. But with Social Media, how do you track the Return on Engagement: The duration of time spent either in conversation or interacting with social objects, and in turn, what transpired that’s worthy of measurement.Return on Participation: The metric tied to measuring and valuing the time spent participating in social media through conversations or the creation of social objects.Return on Involvement: Similar to participation, marketers explored touch points for documenting states of interaction and tied metrics and potential return of each.Return on Attention: In the attention economy, we assess the means to seize attention, hold it, and measure the response.Return on Trust: A variant on measuring customer loyalty and the likelihood for referrals, a trust barometer establishes the state of trust earned in social media engagement and the prospect of generating advocacy and how it impacts future business.
  7. With 5 simple steps
  8. Traditionally, marketers have been content to measure “soft” metrics, such as the number of “Likes” or followers their brands have acquired. These numbers, though, are usually not indicators of an active communityWhen preparing, define your goals and prioritize them. For the University’s Social media efforts it’sBuild the reputation amongst the university amongst the “lost alumni”, those that came to this University when had a ACT of 16/18Connect with Alumni so that we can work them into the funnel by having them update their informationUncover those unique stories that we can repurpose in other ways to strengthen #1 and #2
  9. From here, you can see what tops the list of goals While those soft metrics still rank highly in importance, marketers are now turning to more traditional metrics that showcase true value. Site traffic tops the list as the most important factor for CMOs measuring social media ROI, as it did last year. In 2011, though, twice as many marketers plan on incorporating conversions — the total number of completed desired actions, such as “Likes” or clickthroughs, divided by the total number of impressions — as compared to 2010.
  10. Where are they putting their efforts?Facebook as their platform of choice, but twitter is catching up and LinkedIn is making a comeback.Ratings and Reviews is number 2And notice that “Don’t know is relatively high”. You are not alone.
  11. Identify all your drivers Build all your landing pagesThis could simple be a duplicated of your home page that is only accessible by your campaign
  12. Take a look at how it all fits together and create a chart of each one. Then overlay them all to see how they interact. And don’t forget to identity who is responsible.
  13. Utilize team collaboration software to minimize the teams efforts
  14. Make sure your tracking is in place, in line with your goals.
  15. Figure where you can strategically place tools that allow viewers to share your campaign amongst their own networks, extending the message.
  16. Figure out how you are going to integrate the various mediums to maximize their impace
  17. And finally, identify your influencers. Reach out to them and ask them to aid you in your launch.
  18. Modify accordinly
  19. These are the metrics that have an emotional component to them. These are just as important as anything else. Are people talkingAre you getting smarter questionsOne of my factors do the Development Directors or Alumni Representatives have to tell people all the great things were are doing. Or do those individuals already know.Record them and measure that against your original goals.
  20. These are the metrics that are data-intensive and number-oriented. You can really get overloaded with different metrics herepick the key metrics that is inline with your goals and ignore the restThose metrics might include unique visits, page views, followers, demographics, frequency, bounce rate, length of visit or just about any other metric that’s specifically data-oriented.
  21. In the end, just define the “R” in ROI. What does it mean to you. And put a plan together.
  22. Becauseeven though much of social media is free, we do know the cost of engagement as it relates to employees, time, equipment, and opportunity cost (what they’re not focusing on or accomplishing while engaging in social media). And with a firm plan back up by a identifiable goal, will ensure that the “I” will be all it can be.