Social media measurement - child's play?

Rabbit
RabbitHead of Cow Digital at Rabbit
Social media   Child’s play or impossible?
measurement
I just don’t get       Must show a
      the ROI on           nice clean
         this             spreadsheet



Clients....and agencies
“the problem online is never      Delicious brings up close to
  measurability. It's that you can         3000 results for
    measure too many things.quot;               “socialmedia +
    Randall Rothenberg (IAB)                measurement”


The problem is we have measurability coming out of
our ears
Is it a case of measuring is easy, measuring the
right things is difficult?
In theory, it is not actually that difficult, metrics really should look at a
combination of three things (Trust, engagement, reach)
Some useful metrics and their pros and cons
Reach - Feed
Compare

• Feed Compare
  (feedcompare.com)

• Let’s you look at the
  subscribers. More valuable
  than raw numbers as shows
  who comes back

• However, reliant on Feed
  burner feeds
Reach - Statbrain               However, it’s only a guess and from our
                                        experience it seems to overestimate visitor
Takes Alexa, Google etc rankings and    numbers
works out how many visits a site gets
Trust - Twingly

• Swedish based search engine


• Rather than throw everyone
  into a big international pot, it
  gives blogs trust scores
  measured against other similar
  language blogs


• So Swedish blogs are ranked
  against other Swedish blogs,
  Danish blogs scored vs other
  Danish blogs etc
Trust and reach -
Twinfluence

• A great open tool that starts
  from the premise that not all
  numbers are equal


• You might only be followed by
  100 people, but they might be
  100 v influential people


• Gives you 2nd order followers
  and ‘social capital’ scores


• Obviously the person has to be
  on Twitter
PostRank

• Measures engagement - do
  people actually bother to
  comment on, bookmark, pass
  on what you write about


• AdAge recently changed its
  Power 150, with PostRank
  being the top metric


• Good English speaking
  coverage, sometimes non
  English speaking sites are
  patchy
But we’re not big fans of...
Arguably the most
                     A judgement call
important criteria
Checking for
ourselves

• It gets into muddy ROI waters
  but you miss a lot if you just fall
  back on the metrics


• Sometimes someone may fall
  through the measurement
  criteria but you know it makes
  sense if they are included


• Ideally making judgement calls
  should enhance your expertise
  - a sign that you practice what
  you preach and don’t always
  rely purely on the spreadsheet
“If you treat people's conversations as media --
       social media -- your ROI is zero (or even
   negative) because you'd be doing it wrong. But
    for social marketing done right, the potential
       ROI could be infinite -- when you divide a
     number by a cost of zero (ad dollars spent),
                  you'd get infinity.”
               Augustine Chou, Click Z



Final thought on the matter
Find me at

• Twitter - dirkthecow


• www.thisisherd.com


• www.thisiscow.com


• delicious.com/dirkthecow
Flickr creative commons credits
• Y0Si                 • Nikita Kashner


• Finishing School     • Ger Through


• Al Bar               • Midnight Digital


• Podchef              • Come Closer


• bitterlysweet        • Cambodia4kids


• Yeweyni


• Cosmic Spanner


• Kevin Luffs


• eCRAFTic
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Social media measurement - child's play?

  • 1. Social media Child’s play or impossible? measurement
  • 2. I just don’t get Must show a the ROI on nice clean this spreadsheet Clients....and agencies
  • 3. “the problem online is never Delicious brings up close to measurability. It's that you can 3000 results for measure too many things.quot; “socialmedia + Randall Rothenberg (IAB) measurement” The problem is we have measurability coming out of our ears
  • 4. Is it a case of measuring is easy, measuring the right things is difficult?
  • 5. In theory, it is not actually that difficult, metrics really should look at a combination of three things (Trust, engagement, reach)
  • 6. Some useful metrics and their pros and cons
  • 7. Reach - Feed Compare • Feed Compare (feedcompare.com) • Let’s you look at the subscribers. More valuable than raw numbers as shows who comes back • However, reliant on Feed burner feeds
  • 8. Reach - Statbrain However, it’s only a guess and from our experience it seems to overestimate visitor Takes Alexa, Google etc rankings and numbers works out how many visits a site gets
  • 9. Trust - Twingly • Swedish based search engine • Rather than throw everyone into a big international pot, it gives blogs trust scores measured against other similar language blogs • So Swedish blogs are ranked against other Swedish blogs, Danish blogs scored vs other Danish blogs etc
  • 10. Trust and reach - Twinfluence • A great open tool that starts from the premise that not all numbers are equal • You might only be followed by 100 people, but they might be 100 v influential people • Gives you 2nd order followers and ‘social capital’ scores • Obviously the person has to be on Twitter
  • 11. PostRank • Measures engagement - do people actually bother to comment on, bookmark, pass on what you write about • AdAge recently changed its Power 150, with PostRank being the top metric • Good English speaking coverage, sometimes non English speaking sites are patchy
  • 12. But we’re not big fans of...
  • 13. Arguably the most A judgement call important criteria
  • 14. Checking for ourselves • It gets into muddy ROI waters but you miss a lot if you just fall back on the metrics • Sometimes someone may fall through the measurement criteria but you know it makes sense if they are included • Ideally making judgement calls should enhance your expertise - a sign that you practice what you preach and don’t always rely purely on the spreadsheet
  • 15. “If you treat people's conversations as media -- social media -- your ROI is zero (or even negative) because you'd be doing it wrong. But for social marketing done right, the potential ROI could be infinite -- when you divide a number by a cost of zero (ad dollars spent), you'd get infinity.” Augustine Chou, Click Z Final thought on the matter
  • 16. Find me at • Twitter - dirkthecow • www.thisisherd.com • www.thisiscow.com • delicious.com/dirkthecow
  • 17. Flickr creative commons credits • Y0Si • Nikita Kashner • Finishing School • Ger Through • Al Bar • Midnight Digital • Podchef • Come Closer • bitterlysweet • Cambodia4kids • Yeweyni • Cosmic Spanner • Kevin Luffs • eCRAFTic

Editor's Notes