SlideShare a Scribd company logo
Metrics
Prove Social Media ROI with
Web Metrics


    Instructor | Roger Lopez
What is a YouTube
                 Channel?


Agenda
•Understanding Measurement
•Understanding Where Social Fits
•Understanding Social Media Leads
•Case Study – RS Components
•How to Get Metrics
Measurement is
                    Mission Critical
 •Unfortunately, all of your ideas aren’t working
 •You need measurement to know the
 difference between success and failure
 •You can’t optimize what you don’t measure
 •Solid measurement strategies will give you the
 language you need to prove that social is
 delivering value to your management team

Value of         Let’s just let the elephant out of the
Facebook fan?    bag…. What’s the value of a Facebook
                 fan? A big…whopping $0
Challenges with
                         Measurement

•Confusion between measurement and
monitoring tools
•There isn’t a one size fits all solution
•ROI requires a connection to your CRM
•Lack of understanding for how new social
metrics relate to core business objectives

We are really the ones that are making this so difficult…

There is data available TODAY that demonstrates where
social is impacting the bottom line
Every Company Uses
                    Marketing To

•Increase sales volume
•Increase revenue and profitability
•Decrease costs

Welcome to the secret language of executives
and business owners…sales, revenue and cost

But where does social fit in the conversation?
How can a tweet decrease cost?
How can a status update increase sales
volume or revenue?
Understand where
   social fits
     Exposure

     How many people are
     listening to you or
     talking about your
     brand?
     The more people you put in the top
     of the funnel the more sales that are
     likely to result
Understand where
   social fits
     Influence
     How many influencers
     are in your network?
     How many talked about
     your brand? How many
     referred people to you?

     These tend to convert at rates
     similar to referrals from existing
     customers.
Understand where
   social fits
     Engagement
     How many people did
     something as a result of
     your social efforts?


     The difference between people in
     exposure and engagement is action.

     To be in the engagement category
     they had to take some kind of
     action.
Understand where
   social fits
     Conversion
     How many people
     provided their contact
     information?
     Purchased?

     There are two types of social media
     leads. The difference is important
Understanding Social
                      Media Leads
Indirect Conversion/Soft Lead
Someone who has provided contact information for non-
product based content.
•Downloaded an ebook or subscribed to your newsletter
                                 These people have shown that
                                 they are interested in your
                                 CONTENT, but haven’t
                                 necessarily said they are
                                 interested in your PRODUCT.

                                 Content marketing efforts are
                                 important to identify when they
                                 take the next step to product
                                 consideration.
Understanding Social
                                Media Leads
Direct Conversion/Hard Lead
This is someone who has directly indicated they are
interested in your product.
•Attended a product webinar
•Signed up for a free trial
•Downloaded decision making content

Providing a variety of general content and decision making content helps you
quickly differentiate leads and put sales efforts towards the leads that are most
likely to close.
Understand where
   social fits
     Retention–
     How do social media
     leads perform as
     customers? Do they
     retain longer? Spend
     more?
     Don’t forget to track the lifecycle of
     the customer to understand where
     social media customers perform
     differently
RS Components
                            Case Study
World’s largest supplier of electronic and
maintenance products.
Target audience
•Readers of eTech
•Electronic manufacturer purchasers
•Electronic engineers
Goal
See if readers of their eTech print publication would
consume an online version of the magazine
Obective
Adoption of an electronic version would increase reach
while decreasing print costs
RS Components
                            Case Study
The Test
1.Created a hip YouTube video promoting a eTech iPad app
2.Promoted the video through various company social
media channels around the world

The Result
289% increase in total impressions
169% increase in engagement
1453% increase in soft leads generated
44% decrease in cost per soft lead
RS Components
                             Case Study
The Result
•Top 100 most downloaded apps in the UK
•Top 10 most downloaded lifestyle apps in the UK
•Top 200 most downloaded apps worldwide

Case Study available at:
http://bit.ly/IOXv9U
How To Get Metrics

The Tools
1.Google Analytics
2.HootSuite Pro

The Process
1.Add Google Analytics to Your Site
2.Add Goals and Funnels to Identify
Conversion Points
How To Get Metrics

The Process
1.Integrate Google
Analytics with HootSuite
–Click on Analytics
–Click on Quick Analytics
–Click on Google Analytics
–Select Add Google Profile
How To Get Metrics

The Process
1.Integrate Google
Analytics with HootSuite
–Click on Analytics
–Click on Quick Analytics
–Click on Google
Analytics
–Select Add Google
Profile
How To Get Metrics

The Process
2.Add Campaign Tracking
to Shortened URLS
•Type your status update
•Put in your link
•Click on the gear to the
left of the shrink button
•Select Google Analytics
under “Add customer
URL parameters”
•Add your three
campaign parameters
How To Get Metrics
How To Get Metrics

3.Monitor Your
Results
–Log in to Google
Analytics
–Click on your
website link to view
your reports
–Click on traffic
sources
–Click on Campaigns
How To Get Metrics
How To Get Metrics
3.Create a dashboard to compare against other
channels
How To Get Metrics
3.Create a dashboard to compare against other
channels
How To Get Metrics

Summary

•Translate social media into core business
metrics
   •Sales
   •Revenue
   •Cost
•Create a framework to collect metrics
•Compare across marketing channels
•Use a control group
How To Get Metrics

Summary

•Translate social media into core business
metrics
   •Sales
   •Revenue
   •Cost
•Create a framework to collect metrics
•Compare across marketing channels
•Use a control group
How To Get Metrics

Summary

•Translate social media into core business
metrics
   •Sales
   •Revenue
   •Cost
•Create a framework to collect metrics
•Compare across marketing channels
•Use a control group
How To Get Metrics

Questions
Contact Roger:

roger@inemode.com

Twitter: inemode

Blog/Web:
www.inemode.com
How To Get Metrics

Questions
Contact Roger:

roger@inemode.com

Twitter: inemode

Blog/Web:
www.inemode.com

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Digital smb social metrics

  • 1. Metrics Prove Social Media ROI with Web Metrics Instructor | Roger Lopez
  • 2. What is a YouTube Channel? Agenda •Understanding Measurement •Understanding Where Social Fits •Understanding Social Media Leads •Case Study – RS Components •How to Get Metrics
  • 3. Measurement is Mission Critical •Unfortunately, all of your ideas aren’t working •You need measurement to know the difference between success and failure •You can’t optimize what you don’t measure •Solid measurement strategies will give you the language you need to prove that social is delivering value to your management team Value of Let’s just let the elephant out of the Facebook fan? bag…. What’s the value of a Facebook fan? A big…whopping $0
  • 4. Challenges with Measurement •Confusion between measurement and monitoring tools •There isn’t a one size fits all solution •ROI requires a connection to your CRM •Lack of understanding for how new social metrics relate to core business objectives We are really the ones that are making this so difficult… There is data available TODAY that demonstrates where social is impacting the bottom line
  • 5. Every Company Uses Marketing To •Increase sales volume •Increase revenue and profitability •Decrease costs Welcome to the secret language of executives and business owners…sales, revenue and cost But where does social fit in the conversation? How can a tweet decrease cost? How can a status update increase sales volume or revenue?
  • 6. Understand where social fits Exposure How many people are listening to you or talking about your brand? The more people you put in the top of the funnel the more sales that are likely to result
  • 7. Understand where social fits Influence How many influencers are in your network? How many talked about your brand? How many referred people to you? These tend to convert at rates similar to referrals from existing customers.
  • 8. Understand where social fits Engagement How many people did something as a result of your social efforts? The difference between people in exposure and engagement is action. To be in the engagement category they had to take some kind of action.
  • 9. Understand where social fits Conversion How many people provided their contact information? Purchased? There are two types of social media leads. The difference is important
  • 10. Understanding Social Media Leads Indirect Conversion/Soft Lead Someone who has provided contact information for non- product based content. •Downloaded an ebook or subscribed to your newsletter These people have shown that they are interested in your CONTENT, but haven’t necessarily said they are interested in your PRODUCT. Content marketing efforts are important to identify when they take the next step to product consideration.
  • 11. Understanding Social Media Leads Direct Conversion/Hard Lead This is someone who has directly indicated they are interested in your product. •Attended a product webinar •Signed up for a free trial •Downloaded decision making content Providing a variety of general content and decision making content helps you quickly differentiate leads and put sales efforts towards the leads that are most likely to close.
  • 12. Understand where social fits Retention– How do social media leads perform as customers? Do they retain longer? Spend more? Don’t forget to track the lifecycle of the customer to understand where social media customers perform differently
  • 13. RS Components Case Study World’s largest supplier of electronic and maintenance products. Target audience •Readers of eTech •Electronic manufacturer purchasers •Electronic engineers Goal See if readers of their eTech print publication would consume an online version of the magazine Obective Adoption of an electronic version would increase reach while decreasing print costs
  • 14. RS Components Case Study The Test 1.Created a hip YouTube video promoting a eTech iPad app 2.Promoted the video through various company social media channels around the world The Result 289% increase in total impressions 169% increase in engagement 1453% increase in soft leads generated 44% decrease in cost per soft lead
  • 15. RS Components Case Study The Result •Top 100 most downloaded apps in the UK •Top 10 most downloaded lifestyle apps in the UK •Top 200 most downloaded apps worldwide Case Study available at: http://bit.ly/IOXv9U
  • 16. How To Get Metrics The Tools 1.Google Analytics 2.HootSuite Pro The Process 1.Add Google Analytics to Your Site 2.Add Goals and Funnels to Identify Conversion Points
  • 17. How To Get Metrics The Process 1.Integrate Google Analytics with HootSuite –Click on Analytics –Click on Quick Analytics –Click on Google Analytics –Select Add Google Profile
  • 18. How To Get Metrics The Process 1.Integrate Google Analytics with HootSuite –Click on Analytics –Click on Quick Analytics –Click on Google Analytics –Select Add Google Profile
  • 19. How To Get Metrics The Process 2.Add Campaign Tracking to Shortened URLS •Type your status update •Put in your link •Click on the gear to the left of the shrink button •Select Google Analytics under “Add customer URL parameters” •Add your three campaign parameters
  • 20. How To Get Metrics
  • 21. How To Get Metrics 3.Monitor Your Results –Log in to Google Analytics –Click on your website link to view your reports –Click on traffic sources –Click on Campaigns
  • 22. How To Get Metrics
  • 23. How To Get Metrics 3.Create a dashboard to compare against other channels
  • 24. How To Get Metrics 3.Create a dashboard to compare against other channels
  • 25. How To Get Metrics Summary •Translate social media into core business metrics •Sales •Revenue •Cost •Create a framework to collect metrics •Compare across marketing channels •Use a control group
  • 26. How To Get Metrics Summary •Translate social media into core business metrics •Sales •Revenue •Cost •Create a framework to collect metrics •Compare across marketing channels •Use a control group
  • 27. How To Get Metrics Summary •Translate social media into core business metrics •Sales •Revenue •Cost •Create a framework to collect metrics •Compare across marketing channels •Use a control group
  • 28. How To Get Metrics Questions Contact Roger: roger@inemode.com Twitter: inemode Blog/Web: www.inemode.com
  • 29. How To Get Metrics Questions Contact Roger: roger@inemode.com Twitter: inemode Blog/Web: www.inemode.com