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S
O C I A L
M
EDIA
R
O
I-WHA
T
NOW
?
3
Social media is one of the key components in most
businesses’ marketing strategies. However, one of
the main problems across the board is proving
attribution and ROI to allow you to develop and
increase your social media campaigns.
In this booklet, we take a look at the problems and set
out ways to change how we think about attribution.
Laura Holland is Social
Content Producer at Citywire,
managing the company’s
social platforms as well as
coming up with new and
engaging content.
report: social media roi, what now?
54
Given the slightly different nature
of each social media platform as
well as the unique nature of
businesses, you may find that one
business places more importance
on brand awareness and another
focuses on lead generation. It will
be down to you to work out what
goals you want to set.
Broken down into numbers,
we take a look at what metrics
businesses use to track social
media success:
HOW
DO YOU
MEASURE
THE IMPACT
OF SOCIAL
MEDIA?
Social media as we know it
today first came to prominence
with MySpace and LinkedIn in
2003, closely followed by
Facebook, Twitter and YouTube
a few years later.
Since then social media has grown
into a bit of a beast, shaping the
way we buy things and influencing
how we live our lives.
One of the major ways that it has
impacted our world is business.
Essentially a free marketing tool, it’s
a great way to spread brand
awareness and get your product
and services in front of a much
wider audience.
Which begs the question…
So it should be
straightforward to measure the
ROI on social media, right? Source: MDG Advertising
measure amplification
(share of voice)
measure customer
service metrics
(e.g. response time)
measure engagement
(likes, shares, comments etc.)
measure conversions
(goal conversion, revenue)
58% 21% 2% 16%
report: social media roi, what now?report: social media roi, what now?
76
DARK SOCIAL
– A MAJOR
PROBLEM How does this happen? Well, it’s
simple – as soon as anyone
copies and pastes a URL into an
email or instant message, or
goes from an https (secure) to
an http (non-secure) site, that
traffic is then labelled as ‘Direct’
in most analytics programmes.
That may still seem a bit vague.
Opposite is an infographic that
shows the different types of social
sharing to help you visualise
what’s going on.
Source: We Are Social
Now you know what dark social is, how
can you utilise this to work out attribution
and ROI?
A lot of this will come down to correlation.
For example, have you just launched a
social media campaign? What time of day is
the traffic coming to you?
Once you have found a pattern, you can
start estimating your ROI as well as working
out where you should be focusing future
marketing campaigns.
It is a more holistic approach and one that
will also help you to understand your
digital audience in much more detail.
While you could be forgiven for
thinking that dark social is a new
nightclub in Shoreditch, you’d be
wrong. It’s actually a term that refers
to digital traffic source attribution, or
specifically, the inability to pinpoint
where it came from.
84% OF ON-SITE SHARES COME
THROUGH DARK SOCIAL, SO IT’S AN
IMPORTANT ISSUE TO UNDERSTAND
PHEW!
SOCIAL SHARING TYPOLOGY
YAY! OH UH...?
OPEN CONTROLLED DARK
using a site's
social share
buttons
Trackable sources
Public conversations
Measurable sentiment
using a site's
private message
share buttons
Trackable sources
Indication of interest
Possible advocacy
user
copies and
pastes links
Who?
Why?
What was said?
audience audience audience
report: social media roi, what now?report: social media roi, what now?
98
NOTES NOTES
report: social media roi, what now?report: social media roi, what now?
10
© Copyright Citywire Financial Publishers Ltd (“Citywire”), 2019. All rights reserved. The content of this presentation/guide is proprietary and confidential and is protected by
the laws of England and Wales and applicable laws of other countries throughout the world. This presentation/guide is only for the exclusive use of the intended recipient. Any
unauthorised reproduction, distribution or exhibition of this presentation/guide or any of its content is prohibited. For the avoidance of doubt, you must not use our show guide
for the purpose of building a database or to use this for your own commercial exploitation by its inclusion in your own activities and services. Use of the data in this way may
result civil liability, criminal prosecution or both.
Citywire’s name and logo and the names of any Citywire products and services included in this presentation/guide are trademarks of Citywire. Nothing contained in this
presentation/guide shall be construed as conferring any licence or right to any Citywire patent, copyright or trade mark.
We take our commitment to the environment seriously. This magazine is fully recyclable, chemical-free and printed with vegetable-based inks. The paper is sourced from
certified, responsibly managed forests, according to strict environmental, social and economic standards.
https://historycooperative.org/the-history-of-social-media/
https://www.forbes.com/sites/forbesagencycouncil/2018/01/30/social-media-measuring-the-roi/
https://stayawake.tv/blog/the-twisted-path-of-social-media-attribution/
https://www.mdgadvertising.com/marketing-insights/infographics/infographic-the-roi-of-social-media-2/
https://www.dreamgrow.com/21-social-media-marketing-statistics/
https://www.contagious.com/news-and-views/how-to-get-dark-social-right
RESOURCES
report: social media roi, what now?
TH
A
N K Y
O
U
FOR
FU
R
TH
E R I N F O : @ L AU R A
H
O
LLAND
Citywire: Social Media ROI - What Now?

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Citywire: Social Media ROI - What Now?

  • 1. r e p o r t S O C I A L M EDIA R O I-WHA T NOW ?
  • 2. 3 Social media is one of the key components in most businesses’ marketing strategies. However, one of the main problems across the board is proving attribution and ROI to allow you to develop and increase your social media campaigns. In this booklet, we take a look at the problems and set out ways to change how we think about attribution. Laura Holland is Social Content Producer at Citywire, managing the company’s social platforms as well as coming up with new and engaging content. report: social media roi, what now?
  • 3. 54 Given the slightly different nature of each social media platform as well as the unique nature of businesses, you may find that one business places more importance on brand awareness and another focuses on lead generation. It will be down to you to work out what goals you want to set. Broken down into numbers, we take a look at what metrics businesses use to track social media success: HOW DO YOU MEASURE THE IMPACT OF SOCIAL MEDIA? Social media as we know it today first came to prominence with MySpace and LinkedIn in 2003, closely followed by Facebook, Twitter and YouTube a few years later. Since then social media has grown into a bit of a beast, shaping the way we buy things and influencing how we live our lives. One of the major ways that it has impacted our world is business. Essentially a free marketing tool, it’s a great way to spread brand awareness and get your product and services in front of a much wider audience. Which begs the question… So it should be straightforward to measure the ROI on social media, right? Source: MDG Advertising measure amplification (share of voice) measure customer service metrics (e.g. response time) measure engagement (likes, shares, comments etc.) measure conversions (goal conversion, revenue) 58% 21% 2% 16% report: social media roi, what now?report: social media roi, what now?
  • 4. 76 DARK SOCIAL – A MAJOR PROBLEM How does this happen? Well, it’s simple – as soon as anyone copies and pastes a URL into an email or instant message, or goes from an https (secure) to an http (non-secure) site, that traffic is then labelled as ‘Direct’ in most analytics programmes. That may still seem a bit vague. Opposite is an infographic that shows the different types of social sharing to help you visualise what’s going on. Source: We Are Social Now you know what dark social is, how can you utilise this to work out attribution and ROI? A lot of this will come down to correlation. For example, have you just launched a social media campaign? What time of day is the traffic coming to you? Once you have found a pattern, you can start estimating your ROI as well as working out where you should be focusing future marketing campaigns. It is a more holistic approach and one that will also help you to understand your digital audience in much more detail. While you could be forgiven for thinking that dark social is a new nightclub in Shoreditch, you’d be wrong. It’s actually a term that refers to digital traffic source attribution, or specifically, the inability to pinpoint where it came from. 84% OF ON-SITE SHARES COME THROUGH DARK SOCIAL, SO IT’S AN IMPORTANT ISSUE TO UNDERSTAND PHEW! SOCIAL SHARING TYPOLOGY YAY! OH UH...? OPEN CONTROLLED DARK using a site's social share buttons Trackable sources Public conversations Measurable sentiment using a site's private message share buttons Trackable sources Indication of interest Possible advocacy user copies and pastes links Who? Why? What was said? audience audience audience report: social media roi, what now?report: social media roi, what now?
  • 5. 98 NOTES NOTES report: social media roi, what now?report: social media roi, what now?
  • 6. 10 © Copyright Citywire Financial Publishers Ltd (“Citywire”), 2019. All rights reserved. The content of this presentation/guide is proprietary and confidential and is protected by the laws of England and Wales and applicable laws of other countries throughout the world. This presentation/guide is only for the exclusive use of the intended recipient. Any unauthorised reproduction, distribution or exhibition of this presentation/guide or any of its content is prohibited. For the avoidance of doubt, you must not use our show guide for the purpose of building a database or to use this for your own commercial exploitation by its inclusion in your own activities and services. Use of the data in this way may result civil liability, criminal prosecution or both. Citywire’s name and logo and the names of any Citywire products and services included in this presentation/guide are trademarks of Citywire. Nothing contained in this presentation/guide shall be construed as conferring any licence or right to any Citywire patent, copyright or trade mark. We take our commitment to the environment seriously. This magazine is fully recyclable, chemical-free and printed with vegetable-based inks. The paper is sourced from certified, responsibly managed forests, according to strict environmental, social and economic standards. https://historycooperative.org/the-history-of-social-media/ https://www.forbes.com/sites/forbesagencycouncil/2018/01/30/social-media-measuring-the-roi/ https://stayawake.tv/blog/the-twisted-path-of-social-media-attribution/ https://www.mdgadvertising.com/marketing-insights/infographics/infographic-the-roi-of-social-media-2/ https://www.dreamgrow.com/21-social-media-marketing-statistics/ https://www.contagious.com/news-and-views/how-to-get-dark-social-right RESOURCES report: social media roi, what now? TH A N K Y O U FOR FU R TH E R I N F O : @ L AU R A H O LLAND