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Benchmarking
 Social Media
LSM Webinar # 2: June 10, 2011




                                 @devonvsmith
Agenda

30 minutes: Social Media Metrics Framework
             •what are metrics?
             •why bother?
             •how do we decide which one?
             •how to use them to make decisions?
             •how much time to spend?
             •how to report them?
30 minutes: Social Media Tools
             •12 goals tied to 12 metrics
             •15 tools to monitor, measure & analyze
you decided this, based
 on last week’s survey
why are we chatting today?


5. Summarize what you learned about your audience from the
social media audit, secondary or primary research, and listening
techniques. What is your plan for ongoing monitoring and
scanning during implementation?


8. Describe your metrics for success. What specific data points
will you collect and how you will collect and analyze this
information? How will you use it to document ROI?
Social Media Metrics Framework
1.   Why do you care about monitoring & measuring?
2.   What are your goals for using social media?
3.   How can you efficiently measure your progress?
4.   What is the value to your org of accomplishing those goals?
5.   What are alternative ways you could accomplish those goals without
     social media?
Why do you care about monitoring & measuring?
Because you want to:
  • Prove the value of social to your boss, board, other departments
  • Motivate staff members in charge of doing social media
  • Decide whether or not to continue investing time & resources into that
    particular social media platform
  • Optimize your effort by knowing what works best
  • Respond to feedback in real time
  • Learn what others are saying about you
Answering this will help you decide:
  • Which possible metrics will be the most useful
  • How much time you should spend
  • Who to share metrics report with
Part 1: Brainstorming

               goal                   Increase	
  the	
  value	
  of	
  TBA	
  to	
  its	
  members


                                      frequency	
  of	
  conversa8ons,	
  breadth	
  of	
  conversa8on	
  partners,	
  depth	
  of	
  conversa8ons,	
  cons8tuents	
  
 descrip,on	
  of	
  metric           ac8ons	
  (or	
  lack	
  of)	
  that	
  directly	
  demonstrate	
  they	
  value	
  TBA


                                      #	
  of	
  “valuable”	
  Facebook	
  posts	
  (on	
  others	
  pages	
  or	
  about	
  others),	
  #	
  of	
  “valuable”	
  tweets	
  (in	
  reply	
  
                                      to	
  others	
  or	
  about	
  others),	
  #	
  of	
  TBA	
  staff	
  using	
  social	
  media	
  professionally,	
  average	
  #	
  of	
  interac8ons	
  
metric	
  (in	
  your	
  control)     per	
  cons8tuent,	
  #	
  of	
  blog	
  posts,	
  #	
  of	
  comments	
  by	
  TBA	
  on	
  others’	
  blogs,	
  #	
  of	
  “valuable	
  content”	
  
                                      available	
  on	
  your	
  website


   metric	
  (out	
  of	
  your	
     #	
  of	
  TBA	
  links	
  bookmarked	
  on	
  delicious;	
  %	
  of	
  cons8tuents	
  using	
  social	
  media	
  that	
  engaged	
  with	
  
        control)                      TBA	
  this	
  year,	
  unsubscribe	
  rate	
  of	
  e-­‐newsleJer,	
  cons8tuents	
  percep8on	
  of	
  TBA’s	
  value




                          which one do you
                          think is the best?
Part 2: Deciding

                        #	
  of	
  “valuable	
  content”	
  TBA	
  
                                                                      unsubscribe	
  rate	
  of	
  e-­‐newsleJer     cons8tuent	
  percep8on	
  of	
  TBA’s	
  
 best	
  metric(s)      posts	
  online
                                                                                                                     value	
  


                        Post	
  10	
  new	
  pieces	
  of	
  content	
  
                                                                         Unsubscribe	
  rate	
  below	
  1%          10%	
  increase	
  in	
  average	
  “value	
  
 target	
  metric       each	
  week
                                                                                                                     ra8ng”	
  from	
  TBA	
  cons8tuents


                        Manually	
  track	
  #	
  of	
  content	
     Email	
  management	
  tool	
  (constant	
  
tool	
  to	
  measure   uploads                                       contact	
  or	
  whatever)                     Pre	
  &	
  post	
  cons8tuent	
  survey



 frequency	
  of	
      Weekly                                        ASer	
  every	
  e-­‐newsleJer	
  sent
                                                                                                                     Test	
  2x
 measurement




                                                                                                         PS: I’m just making this
                                                                                                         stuff up as an example
What would it mean to your organization
                   if you met your target metric?


                    Post	
  10	
  new	
  pieces	
  of	
  content	
  
                                                                     Unsubscribe	
  rate	
  below	
  1%               10%	
  increase	
  in	
  average	
  “value	
  
 target	
  metric   each	
  week
                                                                                                                      ra8ng”	
  from	
  TBA	
  cons8tuents



     result         Less	
  turnover	
  y2y,	
  increased	
  #	
  of	
  cons8tuent	
  applica8ons	
  next	
  year,	
  lower	
  marke8ng	
  costs




In this model, it would be important to ask unsubscribers if they found TBA’s
use of social media “valuable;” & ask survey respondents what in particular
they found valuable about TBA (frequency of posting? content of posting?
starting conversations? responding to conversations?)
As you ponder ROI, ask yourself...
How else could you arrive at this result other than through social media?
Is social media the most effective alternative?
Does social media have some long term value beyond its efficacy?

result   Less	
  turnover	
  y2y,	
  increased	
  #	
  of	
  cons8tuent	
  applica8ons	
  next	
  year,	
  lower	
  marke8ng	
  costs
Primary
           Survey           Data           Raw Data   Data & Analysis Analysis Only




Don’t forget the importance of keywords:
•variations of spellings
•acronyms
•titles of your productions
Secondary
   Data




http://mashable.com/social-good/
        http://www.bethkanter.org/category/measurement/
               http://www.slideshare.net/devonvsmith/presentations

others?
How	
  much	
  )me	
  can	
  you	
  spend?


                                   Monitor                                       Measure                                                                      Analyze	
  &	
  Report Total

                                   10	
  min.	
  
              Daily                scan	
  Google	
  alerts	
  &	
  social	
                                                                                                                         10	
  min.
                                   men2on.	
  engage	
  as	
  
                                   necessary	
  to	
  men2ons


                                                                                 30	
  min.	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
            Weekly                                                               Pick	
  3	
  metrics;	
  measure	
                                                                                  1.5	
  hrs
                                                                                 &	
  save	
  results


                                                                                                                                                              2	
  hrs.
           Monthly                                                                                                                                            Summarize	
  measurement	
             8	
  hrs.
                                                                                                                                                              findings,	
  decide	
  what	
  to	
  
                                                                                                                                                              change,	
  report



            It’s	
  
different	
  for	
  everyone,	
  
  in	
  every	
  situa<on

                                                                                                                                                                                                                  12
Web Reporting v Web Analysis


                  Yes it has pretty pictures, but what do I do?




image via Avinash Kaushik
Web Reporting v Web Analysis

                                                      Specific problem
                                                      you’re trying to
                                                          address


                                                        Explain the
   Big picture                                         data in words
trend over time




       ROI
                                                       Tell me what
                                                      to do now that
                                                        I know this




image via Avinash Kaushik
12	
  sample	
  goals	
  &	
  tools




                                      15
Increase local Facebook followers in San Francisco and Oakland by 50% by January 1, 2012




Suggestion: how does this % compare to your website’s visitors?
Activate artist networks on Facebook and Twitter who will pass on opportunities




   Search                                 encourage artists to use “tagging”
                                             feature in facebook posts




  use public search to find those
talking about you off of your Page
Diversify [social media] audience;
build relationships reflective of a wide range of constituent types




               Create private lists
                to keep track of
               constituent types
Increase our month to month Post Feedback on Facebook by 25% on average.




Impressions depend on post date, time, and type (photo, video, link, text,
etc), # of current fans, previous level of post feedback. So look for outliers, and
see if any of those factors could be contributors.

Feedback depends on quality of your content. Much harder to figure out
“why” a post is engaging. So make a hypothesis (“fans like hearing about what
we’re doing in the office”) and test it.You can also ask your fans what they
want to hear from you about.
Increase Call-for-entries applications by 30% through social media channels. Sept/Oct 2011




Suggestion: consider a special website landing page for social media links
[Increase] live tweeting during Auditions, at Festival intermission




             any public Facebook or Twitter account
                                                   search term


date range


report type
raw data   people   timing   content
Create and monitor adwords campaign to direct inquiries to the web page




                              Lowest average CPC, while maximizing # Clicks

                                Test several ads at once,
                                use CTR as success metric

                                            Let Google help you


Suggestion: link AdWords to Google Analytics to see how SEM traffic differs from average user
Leverage social media channels as a conduit for receiving critical feedback and media assets
Increase online and print media mentions by %X by June 30, 2012.




Beware that neither Social Mention or Google Alerts will capture every mention.
Increase website traffic by 25% by adding social media content starting posting by 11.1.2012




Suggestion: use Advanced Segments to combine sources,
also consider looking at how the behavior of this traffic
source differs from the average user
By December 2011 we will have a cross-functional team of 5 members producing at least 2
              pieces of content per month for our social media channels.

                                                                examples at bit.ly/TwitScrape




                                                             You copy & paste
                                                                into Excel

                                            =importxml(A2,"//span[@id='update_count']")
                                                                   or ‘following_count’
                                                                     or ‘follower_count’
You type                                                                   or ‘lists_count’

  this              Google docs finds this
                           data via
                       these formulas
                    (updated in real time)
Employ listening and outreach techniques to engage influential bloggers and journalists and
                       track online conversations about the Festival

 Go to a blog you                                               On Twitter, add them to a
trust, see who they                                             private list of “bloggers”
recommend reading        On that blog, find                        (and start tweeting!)
                           social media
                           contact info




                                       also use
5 More Tools
Daily Email Summary


                                                 View & respond to
                                               mentions across lots of
                                               social media platforms




                      Post to lots of social
                        media platforms
                      from the same place
View multiple streams at once




import reports

                                               add multiple accounts



                             schedule tweets




assign staff members tasks
Look for outliers




Look for spikes              Look for influencers




                  Look for engagement
WP-Stats Plugin
                When
                               but what about
                                comments?




How                     What




Why

                        Who
When you have only a few blog
subscribers, easy to keep track of
who EXACTLY they are
questions?




sign up for your coaching sessions at http://bit.ly/DevonCalendar

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Benchmarking social media measurement

  • 1. Benchmarking Social Media LSM Webinar # 2: June 10, 2011 @devonvsmith
  • 2. Agenda 30 minutes: Social Media Metrics Framework •what are metrics? •why bother? •how do we decide which one? •how to use them to make decisions? •how much time to spend? •how to report them? 30 minutes: Social Media Tools •12 goals tied to 12 metrics •15 tools to monitor, measure & analyze you decided this, based on last week’s survey
  • 3. why are we chatting today? 5. Summarize what you learned about your audience from the social media audit, secondary or primary research, and listening techniques. What is your plan for ongoing monitoring and scanning during implementation? 8. Describe your metrics for success. What specific data points will you collect and how you will collect and analyze this information? How will you use it to document ROI?
  • 4. Social Media Metrics Framework 1. Why do you care about monitoring & measuring? 2. What are your goals for using social media? 3. How can you efficiently measure your progress? 4. What is the value to your org of accomplishing those goals? 5. What are alternative ways you could accomplish those goals without social media?
  • 5. Why do you care about monitoring & measuring? Because you want to: • Prove the value of social to your boss, board, other departments • Motivate staff members in charge of doing social media • Decide whether or not to continue investing time & resources into that particular social media platform • Optimize your effort by knowing what works best • Respond to feedback in real time • Learn what others are saying about you Answering this will help you decide: • Which possible metrics will be the most useful • How much time you should spend • Who to share metrics report with
  • 6. Part 1: Brainstorming goal Increase  the  value  of  TBA  to  its  members frequency  of  conversa8ons,  breadth  of  conversa8on  partners,  depth  of  conversa8ons,  cons8tuents   descrip,on  of  metric ac8ons  (or  lack  of)  that  directly  demonstrate  they  value  TBA #  of  “valuable”  Facebook  posts  (on  others  pages  or  about  others),  #  of  “valuable”  tweets  (in  reply   to  others  or  about  others),  #  of  TBA  staff  using  social  media  professionally,  average  #  of  interac8ons   metric  (in  your  control) per  cons8tuent,  #  of  blog  posts,  #  of  comments  by  TBA  on  others’  blogs,  #  of  “valuable  content”   available  on  your  website metric  (out  of  your   #  of  TBA  links  bookmarked  on  delicious;  %  of  cons8tuents  using  social  media  that  engaged  with   control) TBA  this  year,  unsubscribe  rate  of  e-­‐newsleJer,  cons8tuents  percep8on  of  TBA’s  value which one do you think is the best?
  • 7. Part 2: Deciding #  of  “valuable  content”  TBA   unsubscribe  rate  of  e-­‐newsleJer cons8tuent  percep8on  of  TBA’s   best  metric(s) posts  online value   Post  10  new  pieces  of  content   Unsubscribe  rate  below  1% 10%  increase  in  average  “value   target  metric each  week ra8ng”  from  TBA  cons8tuents Manually  track  #  of  content   Email  management  tool  (constant   tool  to  measure uploads contact  or  whatever) Pre  &  post  cons8tuent  survey frequency  of   Weekly ASer  every  e-­‐newsleJer  sent Test  2x measurement PS: I’m just making this stuff up as an example
  • 8. What would it mean to your organization if you met your target metric? Post  10  new  pieces  of  content   Unsubscribe  rate  below  1% 10%  increase  in  average  “value   target  metric each  week ra8ng”  from  TBA  cons8tuents result Less  turnover  y2y,  increased  #  of  cons8tuent  applica8ons  next  year,  lower  marke8ng  costs In this model, it would be important to ask unsubscribers if they found TBA’s use of social media “valuable;” & ask survey respondents what in particular they found valuable about TBA (frequency of posting? content of posting? starting conversations? responding to conversations?)
  • 9. As you ponder ROI, ask yourself... How else could you arrive at this result other than through social media? Is social media the most effective alternative? Does social media have some long term value beyond its efficacy? result Less  turnover  y2y,  increased  #  of  cons8tuent  applica8ons  next  year,  lower  marke8ng  costs
  • 10. Primary Survey Data Raw Data Data & Analysis Analysis Only Don’t forget the importance of keywords: •variations of spellings •acronyms •titles of your productions
  • 11. Secondary Data http://mashable.com/social-good/ http://www.bethkanter.org/category/measurement/ http://www.slideshare.net/devonvsmith/presentations others?
  • 12. How  much  )me  can  you  spend? Monitor Measure Analyze  &  Report Total 10  min.   Daily scan  Google  alerts  &  social   10  min. men2on.  engage  as   necessary  to  men2ons 30  min.                                 Weekly Pick  3  metrics;  measure   1.5  hrs &  save  results 2  hrs. Monthly Summarize  measurement   8  hrs. findings,  decide  what  to   change,  report It’s   different  for  everyone,   in  every  situa<on 12
  • 13. Web Reporting v Web Analysis Yes it has pretty pictures, but what do I do? image via Avinash Kaushik
  • 14. Web Reporting v Web Analysis Specific problem you’re trying to address Explain the Big picture data in words trend over time ROI Tell me what to do now that I know this image via Avinash Kaushik
  • 15. 12  sample  goals  &  tools 15
  • 16. Increase local Facebook followers in San Francisco and Oakland by 50% by January 1, 2012 Suggestion: how does this % compare to your website’s visitors?
  • 17. Activate artist networks on Facebook and Twitter who will pass on opportunities Search encourage artists to use “tagging” feature in facebook posts use public search to find those talking about you off of your Page
  • 18. Diversify [social media] audience; build relationships reflective of a wide range of constituent types Create private lists to keep track of constituent types
  • 19. Increase our month to month Post Feedback on Facebook by 25% on average. Impressions depend on post date, time, and type (photo, video, link, text, etc), # of current fans, previous level of post feedback. So look for outliers, and see if any of those factors could be contributors. Feedback depends on quality of your content. Much harder to figure out “why” a post is engaging. So make a hypothesis (“fans like hearing about what we’re doing in the office”) and test it.You can also ask your fans what they want to hear from you about.
  • 20. Increase Call-for-entries applications by 30% through social media channels. Sept/Oct 2011 Suggestion: consider a special website landing page for social media links
  • 21. [Increase] live tweeting during Auditions, at Festival intermission any public Facebook or Twitter account search term date range report type
  • 22. raw data people timing content
  • 23. Create and monitor adwords campaign to direct inquiries to the web page Lowest average CPC, while maximizing # Clicks Test several ads at once, use CTR as success metric Let Google help you Suggestion: link AdWords to Google Analytics to see how SEM traffic differs from average user
  • 24. Leverage social media channels as a conduit for receiving critical feedback and media assets
  • 25. Increase online and print media mentions by %X by June 30, 2012. Beware that neither Social Mention or Google Alerts will capture every mention.
  • 26. Increase website traffic by 25% by adding social media content starting posting by 11.1.2012 Suggestion: use Advanced Segments to combine sources, also consider looking at how the behavior of this traffic source differs from the average user
  • 27. By December 2011 we will have a cross-functional team of 5 members producing at least 2 pieces of content per month for our social media channels. examples at bit.ly/TwitScrape You copy & paste into Excel =importxml(A2,"//span[@id='update_count']") or ‘following_count’ or ‘follower_count’ You type or ‘lists_count’ this Google docs finds this data via these formulas (updated in real time)
  • 28. Employ listening and outreach techniques to engage influential bloggers and journalists and track online conversations about the Festival Go to a blog you On Twitter, add them to a trust, see who they private list of “bloggers” recommend reading On that blog, find (and start tweeting!) social media contact info also use
  • 30. Daily Email Summary View & respond to mentions across lots of social media platforms Post to lots of social media platforms from the same place
  • 31. View multiple streams at once import reports add multiple accounts schedule tweets assign staff members tasks
  • 32. Look for outliers Look for spikes Look for influencers Look for engagement
  • 33. WP-Stats Plugin When but what about comments? How What Why Who
  • 34. When you have only a few blog subscribers, easy to keep track of who EXACTLY they are
  • 35. questions? sign up for your coaching sessions at http://bit.ly/DevonCalendar