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3. Setting Expectations
Yes:
Overview of Social Media
Brief background history
Conceptual framework in measuring social media impact
Most popular platforms and associated metrics and tools
Emerging platforms
Some notes in measuring social media
No:
Justification, strategy for social media engagement
Answers to questions that deal with “best”, “worst”
But I will give my opinion based on experience and research
4.
5. Social Media
An “old” concept (possibly as early as 1994)
Various definitions:
(Tina Sharkey-iVillage; 1994) “facilitating and enabling platform…
that allow people to connect, communicate, and share with each
other”
(Darrel Berry-Matisse; 1995) “(evolving) from what was then
essentially a static archive of documents into a network of users
engaging with each other”
(Ted Leonsis-AOL; 1997) “…places where (users) can be
entertained, communicate, and participate in a social environment”
Sources:
http://www.forbes.com/sites/jeffbercovici/2010/12/09/who-coined-social-media-web-pioneers-compete-for-credit/
http://www.ncwit.org/audio/interview-tina-sharkey
6. Social Media
Technical definition:
From Wikipedia:
“(A) group of Internet-based applications that build on the
ideological and technological foundations of Web 2.0, and
that allow the creation and exchange of user-generated
content.”
7. Web 2.0 Overview
Web 1.0 Web 2.0
Personal Websites
(e.g., Geocities)
vs. Blogs
(e.g., Blogger/Blogspot)
Online References/ Databases
(e.g., Britannica Online)
vs. Wikis
(e.g., Wikipedia)
Publishing and publisher-driven
(e.g., BBC 1.0)
vs. Participation and user-driven
(e.g., YouTube)
Directories/ Taxonomy
(e.g., EYP 1.0)
vs. Folksonomy
(e.g., Tags and tag clouds/ Flickr)
Read-only
(e.g., Inquirer.net 1.0)
vs. Collaboration
(e.g., Comment features, Google Docs)
Complicated
(i.e., required HTML skill)
vs. Simple
(i.e., WYSIWYG editor)
Back Next
8. Web 2.0 Overview
Common features of various sites and platforms:
Users contribute, dictate, and “own” the content
Users decide what is featured
Users make use of various types of search functionality
to view the content they want
Still information-rich and information-driven
But constantly evolving to suit changing needs and tastes
Back Next
9. Next
User-Generated Content (UGC)
Web 1.0 (non-UGC) Web 2.0 (UGC)
“Packaged goods media” vs. ”Conversational media”
(John Batelle – Boing Boing)
Perusing someone’s content vs. Publishing one’s own content
Organizations (especially media):
Focused on creating online
content
vs. Organizations:
Providing facilities for “amateurs” to
publish their own content
Back
10. Social Media
My practical definition:
Social media are services that focus on building online
communities where people can share their interests
and activities, or where they can explore the interests
and activities of others, with the use of various tools
provided by the service.
Can all websites be social media sites or platforms?
12. Social Media
Provide
service?
Build
communities?
Allow
sharing
and/or
exploring?
Showcase
interests and
activities?
Use
various
tools?
Old Google
New Google
Old Yahoo!
New Yahoo!
• Google+ centralizes Google’s social
networking efforts
• Other services (e.g., Gmail, Google Docs,
Search, Picasa, etc.) are given increasingly
social features.
• Yahoo is less “coordinated” in its efforts but
has essential sites that allow formation of
social networks (e.g., Yahoo 360 or
Profiles, Messenger, Flickr, Delicious, Tumblr,
etc.)
• Recent acquisitions point to further
16. Social Media as a Biz Strategy
In the early days of SM… Today…
A fad? A passing gimmick?
For early adopters, no impact
on their revenue
For the networks themselves
like Friendster and
MySpace, unclear how to
monetize
Measurability is questioned
Essential tool for doing business
Platforms can come and go, but
presence (and influence) must
be maintained in whichever
platform/s are currently most
popular
Metrics (and the tools for
measuring) are widely available
18. Conceptual Framework
Steps in measuring success/ failure of Social Media
1. ESTABLISH your baseline/s
2. CREATE activity timeline/s
3. EXAMINE using F.R.Y.
FREQUENCY – how often customers transact (transactions per month)
REACH – how many customers were reached (net new customers)
YIELD – how much they spend ($ per transaction)
4. MEASURE transactional precursors
5. OVERLAY all timelines
6. LOOK for patterns
7. PROVE relationships
Notice that focus seems purely on ROI (but more on this later)…
Sources:
Olivier Blanchard (@thebrandbuilder) http://www.smroi.net/
http://www.thesocialmediaadvocate.com/2011/08/12/how-to-track-and-exemplify-your-return-on-social-media/
19. Step 1 Establish baseline(s)
Start of social media integration
Number of website visitors
31. Blanchard’s Conceptual Framework
Criticism:
Gives much weight to ROI
Tries to justify spending on social media
Justify cost, prove impact
ROI is activity specific
No such thing as “(what is the) social media ROI”
Rather: what is the ROI of X activity in social media undertaken in Y
time frame
“If we spend this much money on a social media activity, how much
money do we get in return?”
ROI is just one element in the social media measuring toolkit
We will discuss this at the end…
There are other metrics that can prove social media’s success (or
failure)
Source:
http://dcsbu.wordpress.com/2012/11/28/social-media-r-o-i/
33. More notes:
Survey of the most popular social networking sites
Some up-and-coming sites included
Metrics will be classified as:
Very useful, Useful, Neutral, Useless
Open for discussion
Tools for tracking
34. Facebook
Outstanding characteristics
Current benchmark
Ubiquity, most active users, most “comprehensive”
Unique features
Extensiveness of service
Comprehensive profiling
Games/ apps
“Unlimited upload”
Built-in analytics dashboard (Facebook Insights), additional APIs
Interconnection with different APIs
Facebook Graph Search
Microsoft partnership (Bing search)
Issues – Privacy, Maturity
Most likely to compete with – Google+
35. Google+
Outstanding characteristics
Comprehensive (albeit fractured) services
(Search, YouTube, Blogspot, Gmail, Docs, Picasa, Drive, Maps,
etc.)
If combined, largest social network
Unique features
Other services are (or close to) “best in class”
Circles, Hangouts
Built-in Google Analytics, tied to Search
Android platform
Issues – Fractured nature, not as popular in the Philippines
Nearest competitor – Facebook?
36. Twitter
Outstanding characteristics
Mobile-centric
Quick updates, news source
Unique features
Hashtags
Micro-blog, 140-character
Link shortening services
One- or two-way relationship possible, verified accounts
Tweetdeck dashboard
Issues – Not as detailed (updates, profiles), gaining
popularity but nowhere near Facebook
Most likely to compete with – None
37. LinkedIn
Outstanding characteristics
Professional networking
Substantial additions to original features
Unique features
Professional resume
Business articles
Issues – targets a different mindset (not necessarily
fun), limited audience in the Philippines
Most likely to compete with – no significant
competition yet
38. YouTube
Outstanding characteristics
Most comprehensive video channel
Unique features
Any topic, any keyword
Channels (“legitimate”, Paid vs. Free)
Built-in analytics dashboard
Embedding to other networks
When combined with other Google services – largest
network
Issues – Specific to videos only
Most likely to compete with – Vimeo and other similar
services, Torrent and streaming services
39. Instagram
Outstanding characteristics
Simple yet fun (transform your photos)
“Cool” character
Unique features
Mimimal features – Filters, Follow, Favorites, Like
Affiliation with Facebook
Interconnection with Twitter
Issues – limiting by nature of its features/ services;
increasingly “jologs” factor
Most likely to compete with – no significant
competition except maybe Picasa
40. Foursquare
Outstanding characteristics
Location-based check-in service
Unique features
Merchant offers, user tips
Interconnection with Twitter/ Facebook
Issues – limiting by nature of its features/
services, limited uptake by users and local merchants
Most likely to compete with – no significant
competition yet
41. Pinterest
Outstanding characteristics
Simple yet fun (collect/ organize photos)
“Cool” character
Unique features
Corkboard and “pin it/ repin it” feature
Interconnection with Twitter
Issues – limiting by nature of its features/
services, limited uptake by users
Most likely to compete with – no significant
competition yet
42. Social content sharing sites
Outstanding characteristics
Best in their niche
Unique features
Specific to the content/ medium
Simple but effective analytics dashboard
Like/ favorite/ print/ download/ edit, etc.
Issues – Specific to their niche only
Most likely to compete with – depending on the
content/ medium, some competing services exist
(e.g., Flickr vs. Picasa, Scribd vs. Issuu)
43. Communication/ Messaging Sites
Outstanding characteristics
Different methods of communications
Unique features
Text/ voice communication
Usually part of a larger service or entity (e.g., Outlook
and Skype for Microsoft, Mail and Messenger for
Yahoo!, Gmail, Talk and Hangouts for Google, Facebook
Mail Chat/ Voice)
Issues – treated as a service, not as a social “network”
Most likely to compete with – each other
44. Blog Sites
Outstanding characteristics
Multimedia nature (text, photo, music, video, maps,
comments, other web apps such as stat counters, etc.)
Unique features
Any topic imaginable
Curated by owners/authors and usually free to use
Comments, trackbacks, and blog rolls
Ad-friendly
Issues – comprehensiveness limited by owners’ efforts,
participation of others (non-owners) limited to comments
Most likely to compete with – each other, Facebook notes?
Special notes for Tumblr – “microblog”, reply, re-blog, like,
compatible with Google Analytics
45. Up-and-coming
Outstanding characteristics
New, innovative
Unique features
What’sApp (free messaging/ calling)
Snapchat (photo messages that “self-destruct” – in
theory)
Vine (looped mini-videos)
Issues – low uptake, does not necessarily conform to
hallmarks of social media, limited features, uncertain
future
Most likely to compete with – each other (especially
for popularity/ ubiquity/ potential for acquisition)
62. Various platforms (summary notes)
Google Analytics
Most ubiquitous; for almost all sites
Free and paid
Google Alerts
Free tool to track web mentions (as crawled by Google
Search)
Subscribe using Google accounts; sent to email
Facebook Insights
Proprietary to Facebook (free)
Provided by Facebook to encourage paid advertising
63. Various platforms (summary notes)
Tweetdeck
Twitter monitoring
Scheduled posting
Hootsuite
Various social network monitoring (free)
Scheduled posting (free)
Collaboration (free/ paid)
Customizable analytics data (paid)
YouTube
Proprietary to YouTube(free)
Packaged goods media – content is produced, packaged, and distributed through different channels (cable, newsstand, mail, etc., as well as the internet)Conversational media – users contribute to the content (e.g., YouTube/ YouScoop/ CNN iReport)