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A GREAT MARKETING DIVIDE sep-
                GREA                           (Return on Investment). The CEO would          preference, customer experience        • Analytic tools draw ever-deeper
             arates creative types and         not think to ask the director of marketing     and other aspects of brand health        layers of meaning from data.
             analytic types. An ad agency      analytics how the company’s reputation         are now regularly posted on blogs.       Natural Language Processing and
                   o
             lives or dies by its creative     is holding up. At best, analytics would be     A company no longer has to wonder        other technologies for handling large
work, and the crea
                creative director is usually   used to design and evaluate the results of     what people think of them. They just     amounts of unstructured data are
the star. This is because creative can af-     a focus group or survey. Marketing in on-      need to listen.                          starting to render meaningful insights.
fect many aspects of a company’s brand         line social spaces presents analytics with   • What was anecdotal is now
and brand is what any company lives or         an opportunity to cross this great divide.     accessible to automated capture.          This article does not pretend to fore-
dies by. In contrast, analytics has tradi-     There are three aspects of the social en-      Online content may be downloaded       cast what will happen in analytics for
tionally been seen as primarily part of a      vironment that create the opportunity:         and analyzed. Previously, market       social marketing or the size of the op-
direct response model or at least focused       • What was hidden is now visible.             research relied on focus groups,       portunity that is unfolding. Instead, I will
on more mundane matters such as ROI               Conversations about brand                   surveys and clipping services.         walk through some basic concepts and
early experiences based on my role as         measures reflect the unique characteris-               the exact position of the widget on a       interaction metric on the last widget-based
 head of analytics at 360i, an indepen-        tic of this kind of media’s ability to “travel”       page, this can lead to overstatement        action will produce a smaller time value
 dent digital marketing agency based in        though the Web. They include:                         when the actual impression would            than terminating it when the user navigates
 Atlanta. The lack of agreed upon defi-         • Placements is a measure of the                     require the user not just to load the       away from the page hosting the widget. So
 nitions and rapidly changing landscape           number of different “locations” that               page but also to page down.                 measuring digital assets requires the kind
 means that I will miss much that is impor-       the widget has moved to. There are             •   Clicks – the number of clicks a widget      of thoroughness and precision that analyt-
 tant. Even the term “social marketing” is        a number of variations on this theme,              receives is a stronger measure of           ics professionals are familiar with. Let’s look
 sometimes used to mean marketing in              including unique placements, active                interaction.                                at a campaign that leveraged digital assets
 online social media and sometimes used           placements and new placements.                 •   View Time – the amount of time the          to maximum benefit.
 to mean marketing for social causes.           • Grabs is the number of times that                  page the widget is on is viewed by the
 What I can offer are those items and is-         the widget has moved to a new                      user.
 sues that are most in the mind of an an-         placement. This is a measure of the            •   Interaction time – generally measured           DIGITAL WORD OF MOUTH (DWOM) is de-
 alyst at a digital marketing agency. The         action of creating a placement. It also            from some interaction start point, such     fined by the Word-of-mouth Marketing
 foremost item is measurement.                    has variations including grab rates and            as a mouse over, to the point at which      Association as “giving people a reason
                                                  attempts.                                          the widget interactivity is terminated.     to talk about your goods and services,
                                                • Transmission Rate is a key measure             •   Interaction details – most widgets          and making it easier for that conversation
     UNDERSTANDING THE PERFORMANCE of digi-       of virality, the ability of a widget to            offer the user a number of options for      to take place.” One of the most effective
 tal assets requires a different approach to      spread.                                            interaction. This is particularly true      techniques in DWOM is to distribute con-
 traditional online media. The IAB (Inter-      • Hubs is a measure of the domains                   of multifunction and game widgets.          tent, in the form of digital assets, to key
 active Advertising Bureau) has standards         that provide access to the widget for              Each action, as well as the ordering        influencers among the population you are
 for rich media metrics and WAA (Web              placement. Certain domains can be                  of all actions, provides insight into the   trying to reach.
 Analytics Association) has developed             import distribution points for marketers           appeal of the widget and changes that           One of the problems with content on
 standards for Web analytics, but met-            to recognize and cultivate.                        can be made to enhance that appeal.         the Web is that it is easily “borrowed,”
 rics for digital assets, such as widgets or                                                     •   Ad supported metrics – widgets              and the benefit derived from that content
 games, are only recently finding agreed            As a widget expands across the Web it             that carry ads must track interaction       goes to the “borrower” rather than the
 upon standards. For example, distribu-        creates a directed network that emanates              information about the widget itself and     creators. Working with 360i, NBC found a
 tion and interaction are the two key areas    from seed points. By contrast, interaction            for any ad that the widget displays.        way to deal with this issue for some of its
 of measurement for widgets. Distribution      metrics are somewhat similar to more tra-                                                         premier content. NBC shared SNL (Sat-
                                               ditional Web analytics metrics including:            As with all metrics, the devil is in the     urday Night Live) clips with major blogs
                                                • Views – the number of times that               details, and variances in the definition of      and media sites but wrapped that content
                                                  a widget is viewed is generally                these metrics can create significant differ-     in a portable video player, which could be
It’s fast, it’s easy and it’s FREE!
                                                  measured as the number of times the            ences in our understanding of a widget’s        embedded on sites outside of YouTube
Just visit: http://analytics.informs.org/
                                                  widget is loaded. Since we don’t know          performance. For example, terminating an        and other video sites. 360i developed a
DWOM program to promote the clips on
                                                              major blogs and online media outlets. In
                                                              addition, 360i optimized the player for
                                                              natural search.
                                                                  The result was that the DWOM cam-
                                                              paign drove 77 percent of all SNL vid-
                                                              eo interactions and 63 percent of daily
                                                              unique users. SNL videos were featured
                                                              on hundreds of top sites including Pop-
                                                              crunch, Defamer, Huffington Post, TV
                                                              Squad and The New York Times. Video
                                                              views reached almost 1 million on mul-
                                                              tiple days during the campaign and hit 3.1
                                                              million views following the season finale.
Figure 1: The DWOM campaign drove SNL video views
                                                                  But digital assets are just one building
to record numbers and hit 3.1 million views following
                                                              block in effective social media marketing.     Figure 2: H&R Block implemented a holistic social strategy based on listening to their customers and
the season finale.
                                                                                                             delivering engaging, educational content.
                                                              The following section describes a more
                                                              comprehensive social media strategy.              The campaign centered on creating                  • creating a brand presence in social spaces;
                                                                                                             a fun and educational online experi-                  • giving consumers a platform to
                                                                                                             ence for consumers looking to find out                  interact with H&R Block on MySpace,
                                                                  IN 2007, H&R BLOCK engaged 360i            more about taxes and H&R Block’s tax                    Facebook and eHarmony;
                                                              to create a social media strategy for the      solutions. Working together, H&R Block                • highlighting H&R Block’s digital
                                                              2008 tax season that would drive consid-       and 360i developed portable assets                      products through interactive and
                                                              eration for H&R Block’s online tax prod-       that proved taxes could be fun and en-                  sharable widgets; and
                                                              ucts and build up an online presence for       gaging, including games and quizzes,                  • starting conversations with online
                                                              the brand. The goals of the campaign           which were then spread across the                       influencers [1] using Twitter.
                                                              were to change perception of H&R Block         Web for consumers to find and share
                                                              as simply “brick and mortar” to a digital      with friends.
                                                                                                                                                                     W H AT I S A N O N L I N E I N F L U E N C E R ?
                                                              brand with a strong online presence, in-          In addition, 360i created a robust so-               1. An online influencer is a person whose opinion
                                                              crease awareness of H&R Block’s online         cial media strategy to distribute these as-             matters to a sizable online audience, especially if it
                                                                                                                                                                     is in a particular area of expertise. A blog such as
Figure 3: Block of Fortune is a fun and engaging widget       tax products and build online communi-         sets and to support H&R Block’s fictional                Fashionista can influence its readers to purchase
                                                                                                                                                                     fashion products or also blog about them. In the case
that provided helpful advice and information about taxes to   ties that engage consumers with fun and        “brand evangelist,” Truman Greene. The                  of Twitter, an influencer would be someone with a large
consumers.                                                    educational information on taxes.              social media program also included:
                                                                                                                                                                     number of followers.
The effort raised awareness about
                                                      H&R Block’s online tax programs that
                                                      strongly positioned them as a digital
                                                      brand with a strong Web presence. The
                                                      campaign results:
                                                      • total brand awareness increased 52
                                                        percent;
                                                      • word-of-mouth awareness increased
                                                        55 percent;
                                                      • Internet advertising awareness
                                                        increased 171 percent.
Figure 4: Online listening takes on many forms.
A simple one-question poll can be more effective
than extensive surveys that tend to have signifi-        Most importantly, the social marketing
cant selection bias.                                  strategy put H&R Block directly in touch
                                                      with its target customer. Many consumers
                                                      began to ask questions about the brand’s    Figure 6: A sample Radian 6 dashboard shows historic post counts and up to the minute
                                                                                                  tweets and video.
                                                      products directly on Facebook, MySpace
                                                      and Twitter. In these fun and useful com-       At GMAC Insurance, I worked on a               percent, a premium of 7 percent is a key
                                                      munity-based environments, H&R Block        project for evaluating brand metrics explic-       competitive advantage.
                                                      became the go-to brand for knowledge        itly from customer behavior. GMAC part-
                                                      about online tax preparation.               nered with Insweb, an online Insurance
                                                                                                  agency that presented our offers together               AUTOMATED TECHNIQUES FOR deriving in-
                                                                                                  with competitive offers. By appropriately          formation from text data have come a long
                                                         THE MORE STRATEGIC APPROACH has more     masking our competitors, Insweb was                way in the past 10 years. However, most
                                                      strategic goals such as brand aware-        able to let us see when we won and lost            large advertisers still want to know that a
                                                      ness and engagement. eMarketer esti-        competition for a customer and when the            human, preferably an expert in digital pub-
                                                      mates that U.S. advertisers will spend      customer’s decision was based on price.            lic relations rather than an intern, has read
                                                      $4.7 billion on display ads and another     We estimated that we could command a               the blog posts as well. The major steps in
                                                      $3.1 billion on other branding-oriented     7 percent average premium in the mar-              mining text are: 1) information extraction, 2)
Figure 5: A Google blog search or Technorati gadget   ads including rich media and video in       ketplace and up to 30 percent for cus-             analysis and 3) summarization.
on your home page is a great way to keep track of     2009. Traditional brand measurements        tomer segments with clear preference for                Technorati and Google blog search
your competitors, your executives, market senti-      typically rely on a survey methodology      the GMAC brand. In an industry that runs           provide broad search capability for the
ment or new developments in your area of expertise.
                                                      but the Web offers alternatives.            an underwriting profit margin of around 5           blogosphere. Most social networks allow
behavior. Specific social shopping sites                     • “Happy Friday early release day -
                                                                                                      such as Kaboodle or Zebo do not have                           Shopping at 1:30 - here I come”
                                                                                                      easy data extraction features, so we
                                                                                                      went to Twitter to see what people were                         And some less useful:
                                                                                                      doing as they shop. A simple extract                         • “Shopping”
                                                                                                      from the Twitter API for the keyword                         • “shopping jobs”
                                                                                                      “shopping” on Oct. 16, 2009, produced                        • “Can I go shopping nooow pleaaase”
                                                                                                      1,090 tweets. Nineteen of these tweets                          One of the nice things about the Twit-
                                                                                                      contained the word “earn,” which is a                       ter API is that the tweets can be tied to
                                                                                                      feature of tweets from tweeters look-                       demographic information if the tweeter
 Figure 7: Online Persona are a good way to summarize customer segments derived from demographic      ing for marketers to earn money from                        has provided it, so we can start to build
 and online behavior in an accessible way for humans. The information provided by members of online   home. After cleaning up the data set we                     a picture of which age groups, genders
 social networks makes this straightforward.                                                          start discovering useful tweets:                            and geographies have distinct behaviors.
 varying degrees of access to data though            keywords. Promising keywords must be              • “shopping via world wide web.”                           Customer segments, sometimes repre-
 developer APIs. Tools such as Radian                assigned CPCs (Cost per Click) that we            • “At Target...I love shopping so early in                 sented by online persona descriptions,
 6 or Buzz Logic provide great listening             are willing to pay in order to make a rea-          the day...I got the store to myself!”                    may closely tie to online behavior.
 capability and summarization in dash-               sonable return. The Bayesian classifier in
 boards and widgets with self-explanatory            NLTK does a good job of matching pro-
 names such as River of News or Influ-                spective keywords with those in the ex-
 ence Viewer.                                        isting Paid Search lists. The trick is to
     360i Advanced Analytics is also ex-             design effective feature extractors. These
 perimenting with NLTK, an open source               are small Python functions which identify
 Natural Language Processing toolkit for             features of the text such as contains a
 the Python programming language. Our                brand term or location specific.
 first use of NLTK was to build out “long                 Accurately assessing sentiment,
 tail” keywords for Paid Search cam-                 even simple sentiment polarity such as
 paigns. First we tapped Web server logs             “positive” or “negative” is more difficult
 and social media sources for prospective            than processing keyword lists. Slang,
                                                     sarcasm and irony, remarkably creative
                                                     spellings, and tortuous negations con-
                                                     spire to hide meaning. For example,              Figure 8: A quick check in on Sunday, Nov. 29 shows no instances of “earn” in 1,441 tweets. I guess marketers get
It’s fast, it’s easy and it’s FREE!                                                                   Sundays off. Five percent of tweets indicated they were online and 2 percent offline on Nov. 29 versus 3 percent and 1
                                                     a retailer may be interested in under-
Just visit: http://analytics.informs.org/                                                             percent, respectively, on Friday, Oct. 16, which may tell us more about tweeting behavior than shopping behavior.
                                                     standing various aspects of shopping
The Yahoo Buzz graph shows the                    of what was to become a large (80 mil-            next three months we picked up as many       fertile field for forecasting and optimization
build of search volume and the spike                 lion member) social network.                      active members as we had in the previ-       models focused on tight ROI goals. Market-
for Black Friday, the first shopping day                 The key metric for viral growth is trans-     ous 12. Despite, or perhaps because of       ing in social spaces requires rigorous and
after Thanksgiving.                                  mission rate. When the transmission rate          this, there was a consistent growth in en-   meaningful measurement but also opens
                                                     is greater than one for an active popula-         gagement statistics such as time on site.    up more diffuse challenges around brand
                                                     tion, growth becomes exponential. We fo-                                                       health and consumer intent.
    S OCIAL NETWORKING SITES TEND to value           cused on refining the key touch-point for                                                         Kevin Geraghty (kgeraghty@360i.com) is vice president
themselves based on their membership                 transmission: the invitation e-mail that an                                                      of research and analytics for 360i, an independent digital
                                                                                                                                                      marketing agency based in Atlanta. A graduate of the
rather than visits to a Web site. One of             existing member sent to their friends to              DIGITAL MARKETING ANALYTICS has tradi-     O.R. program at University College, Dublin, Ireland, he
my first a ssignments in the social net-             encourage them to join. Over the summer           tionally focused on monitoring Web site        was a co-author of the 1985 Edelman Award finalist paper
                                                                                                                                                      “Revenue Management Saves National Car Rental.” In
working sphere was to develop models                 of 2005 this was consistently improved            performance with tools such as Omniture        1996 he founded Revenue Research, Inc., a revenue
for monitoring and predicting the growth             until, in September, we went viral. In the        Site Catalyst. Paid search has provided a      management consulting firm.




Figure 9: Virality depends primarily on transmission rate. Tweaking the campaign factors that affect
transmission rate is the key to campaign success.

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Marketing Analytics In Online Social Spaces

  • 1.
  • 2. A GREAT MARKETING DIVIDE sep- GREA (Return on Investment). The CEO would preference, customer experience • Analytic tools draw ever-deeper arates creative types and not think to ask the director of marketing and other aspects of brand health layers of meaning from data. analytic types. An ad agency analytics how the company’s reputation are now regularly posted on blogs. Natural Language Processing and o lives or dies by its creative is holding up. At best, analytics would be A company no longer has to wonder other technologies for handling large work, and the crea creative director is usually used to design and evaluate the results of what people think of them. They just amounts of unstructured data are the star. This is because creative can af- a focus group or survey. Marketing in on- need to listen. starting to render meaningful insights. fect many aspects of a company’s brand line social spaces presents analytics with • What was anecdotal is now and brand is what any company lives or an opportunity to cross this great divide. accessible to automated capture. This article does not pretend to fore- dies by. In contrast, analytics has tradi- There are three aspects of the social en- Online content may be downloaded cast what will happen in analytics for tionally been seen as primarily part of a vironment that create the opportunity: and analyzed. Previously, market social marketing or the size of the op- direct response model or at least focused • What was hidden is now visible. research relied on focus groups, portunity that is unfolding. Instead, I will on more mundane matters such as ROI Conversations about brand surveys and clipping services. walk through some basic concepts and
  • 3. early experiences based on my role as measures reflect the unique characteris- the exact position of the widget on a interaction metric on the last widget-based head of analytics at 360i, an indepen- tic of this kind of media’s ability to “travel” page, this can lead to overstatement action will produce a smaller time value dent digital marketing agency based in though the Web. They include: when the actual impression would than terminating it when the user navigates Atlanta. The lack of agreed upon defi- • Placements is a measure of the require the user not just to load the away from the page hosting the widget. So nitions and rapidly changing landscape number of different “locations” that page but also to page down. measuring digital assets requires the kind means that I will miss much that is impor- the widget has moved to. There are • Clicks – the number of clicks a widget of thoroughness and precision that analyt- tant. Even the term “social marketing” is a number of variations on this theme, receives is a stronger measure of ics professionals are familiar with. Let’s look sometimes used to mean marketing in including unique placements, active interaction. at a campaign that leveraged digital assets online social media and sometimes used placements and new placements. • View Time – the amount of time the to maximum benefit. to mean marketing for social causes. • Grabs is the number of times that page the widget is on is viewed by the What I can offer are those items and is- the widget has moved to a new user. sues that are most in the mind of an an- placement. This is a measure of the • Interaction time – generally measured DIGITAL WORD OF MOUTH (DWOM) is de- alyst at a digital marketing agency. The action of creating a placement. It also from some interaction start point, such fined by the Word-of-mouth Marketing foremost item is measurement. has variations including grab rates and as a mouse over, to the point at which Association as “giving people a reason attempts. the widget interactivity is terminated. to talk about your goods and services, • Transmission Rate is a key measure • Interaction details – most widgets and making it easier for that conversation UNDERSTANDING THE PERFORMANCE of digi- of virality, the ability of a widget to offer the user a number of options for to take place.” One of the most effective tal assets requires a different approach to spread. interaction. This is particularly true techniques in DWOM is to distribute con- traditional online media. The IAB (Inter- • Hubs is a measure of the domains of multifunction and game widgets. tent, in the form of digital assets, to key active Advertising Bureau) has standards that provide access to the widget for Each action, as well as the ordering influencers among the population you are for rich media metrics and WAA (Web placement. Certain domains can be of all actions, provides insight into the trying to reach. Analytics Association) has developed import distribution points for marketers appeal of the widget and changes that One of the problems with content on standards for Web analytics, but met- to recognize and cultivate. can be made to enhance that appeal. the Web is that it is easily “borrowed,” rics for digital assets, such as widgets or • Ad supported metrics – widgets and the benefit derived from that content games, are only recently finding agreed As a widget expands across the Web it that carry ads must track interaction goes to the “borrower” rather than the upon standards. For example, distribu- creates a directed network that emanates information about the widget itself and creators. Working with 360i, NBC found a tion and interaction are the two key areas from seed points. By contrast, interaction for any ad that the widget displays. way to deal with this issue for some of its of measurement for widgets. Distribution metrics are somewhat similar to more tra- premier content. NBC shared SNL (Sat- ditional Web analytics metrics including: As with all metrics, the devil is in the urday Night Live) clips with major blogs • Views – the number of times that details, and variances in the definition of and media sites but wrapped that content a widget is viewed is generally these metrics can create significant differ- in a portable video player, which could be It’s fast, it’s easy and it’s FREE! measured as the number of times the ences in our understanding of a widget’s embedded on sites outside of YouTube Just visit: http://analytics.informs.org/ widget is loaded. Since we don’t know performance. For example, terminating an and other video sites. 360i developed a
  • 4. DWOM program to promote the clips on major blogs and online media outlets. In addition, 360i optimized the player for natural search. The result was that the DWOM cam- paign drove 77 percent of all SNL vid- eo interactions and 63 percent of daily unique users. SNL videos were featured on hundreds of top sites including Pop- crunch, Defamer, Huffington Post, TV Squad and The New York Times. Video views reached almost 1 million on mul- tiple days during the campaign and hit 3.1 million views following the season finale. Figure 1: The DWOM campaign drove SNL video views But digital assets are just one building to record numbers and hit 3.1 million views following block in effective social media marketing. Figure 2: H&R Block implemented a holistic social strategy based on listening to their customers and the season finale. delivering engaging, educational content. The following section describes a more comprehensive social media strategy. The campaign centered on creating • creating a brand presence in social spaces; a fun and educational online experi- • giving consumers a platform to ence for consumers looking to find out interact with H&R Block on MySpace, IN 2007, H&R BLOCK engaged 360i more about taxes and H&R Block’s tax Facebook and eHarmony; to create a social media strategy for the solutions. Working together, H&R Block • highlighting H&R Block’s digital 2008 tax season that would drive consid- and 360i developed portable assets products through interactive and eration for H&R Block’s online tax prod- that proved taxes could be fun and en- sharable widgets; and ucts and build up an online presence for gaging, including games and quizzes, • starting conversations with online the brand. The goals of the campaign which were then spread across the influencers [1] using Twitter. were to change perception of H&R Block Web for consumers to find and share as simply “brick and mortar” to a digital with friends. W H AT I S A N O N L I N E I N F L U E N C E R ? brand with a strong online presence, in- In addition, 360i created a robust so- 1. An online influencer is a person whose opinion crease awareness of H&R Block’s online cial media strategy to distribute these as- matters to a sizable online audience, especially if it is in a particular area of expertise. A blog such as Figure 3: Block of Fortune is a fun and engaging widget tax products and build online communi- sets and to support H&R Block’s fictional Fashionista can influence its readers to purchase fashion products or also blog about them. In the case that provided helpful advice and information about taxes to ties that engage consumers with fun and “brand evangelist,” Truman Greene. The of Twitter, an influencer would be someone with a large consumers. educational information on taxes. social media program also included: number of followers.
  • 5. The effort raised awareness about H&R Block’s online tax programs that strongly positioned them as a digital brand with a strong Web presence. The campaign results: • total brand awareness increased 52 percent; • word-of-mouth awareness increased 55 percent; • Internet advertising awareness increased 171 percent. Figure 4: Online listening takes on many forms. A simple one-question poll can be more effective than extensive surveys that tend to have signifi- Most importantly, the social marketing cant selection bias. strategy put H&R Block directly in touch with its target customer. Many consumers began to ask questions about the brand’s Figure 6: A sample Radian 6 dashboard shows historic post counts and up to the minute tweets and video. products directly on Facebook, MySpace and Twitter. In these fun and useful com- At GMAC Insurance, I worked on a percent, a premium of 7 percent is a key munity-based environments, H&R Block project for evaluating brand metrics explic- competitive advantage. became the go-to brand for knowledge itly from customer behavior. GMAC part- about online tax preparation. nered with Insweb, an online Insurance agency that presented our offers together AUTOMATED TECHNIQUES FOR deriving in- with competitive offers. By appropriately formation from text data have come a long THE MORE STRATEGIC APPROACH has more masking our competitors, Insweb was way in the past 10 years. However, most strategic goals such as brand aware- able to let us see when we won and lost large advertisers still want to know that a ness and engagement. eMarketer esti- competition for a customer and when the human, preferably an expert in digital pub- mates that U.S. advertisers will spend customer’s decision was based on price. lic relations rather than an intern, has read $4.7 billion on display ads and another We estimated that we could command a the blog posts as well. The major steps in $3.1 billion on other branding-oriented 7 percent average premium in the mar- mining text are: 1) information extraction, 2) Figure 5: A Google blog search or Technorati gadget ads including rich media and video in ketplace and up to 30 percent for cus- analysis and 3) summarization. on your home page is a great way to keep track of 2009. Traditional brand measurements tomer segments with clear preference for Technorati and Google blog search your competitors, your executives, market senti- typically rely on a survey methodology the GMAC brand. In an industry that runs provide broad search capability for the ment or new developments in your area of expertise. but the Web offers alternatives. an underwriting profit margin of around 5 blogosphere. Most social networks allow
  • 6. behavior. Specific social shopping sites • “Happy Friday early release day - such as Kaboodle or Zebo do not have Shopping at 1:30 - here I come” easy data extraction features, so we went to Twitter to see what people were And some less useful: doing as they shop. A simple extract • “Shopping” from the Twitter API for the keyword • “shopping jobs” “shopping” on Oct. 16, 2009, produced • “Can I go shopping nooow pleaaase” 1,090 tweets. Nineteen of these tweets One of the nice things about the Twit- contained the word “earn,” which is a ter API is that the tweets can be tied to feature of tweets from tweeters look- demographic information if the tweeter Figure 7: Online Persona are a good way to summarize customer segments derived from demographic ing for marketers to earn money from has provided it, so we can start to build and online behavior in an accessible way for humans. The information provided by members of online home. After cleaning up the data set we a picture of which age groups, genders social networks makes this straightforward. start discovering useful tweets: and geographies have distinct behaviors. varying degrees of access to data though keywords. Promising keywords must be • “shopping via world wide web.” Customer segments, sometimes repre- developer APIs. Tools such as Radian assigned CPCs (Cost per Click) that we • “At Target...I love shopping so early in sented by online persona descriptions, 6 or Buzz Logic provide great listening are willing to pay in order to make a rea- the day...I got the store to myself!” may closely tie to online behavior. capability and summarization in dash- sonable return. The Bayesian classifier in boards and widgets with self-explanatory NLTK does a good job of matching pro- names such as River of News or Influ- spective keywords with those in the ex- ence Viewer. isting Paid Search lists. The trick is to 360i Advanced Analytics is also ex- design effective feature extractors. These perimenting with NLTK, an open source are small Python functions which identify Natural Language Processing toolkit for features of the text such as contains a the Python programming language. Our brand term or location specific. first use of NLTK was to build out “long Accurately assessing sentiment, tail” keywords for Paid Search cam- even simple sentiment polarity such as paigns. First we tapped Web server logs “positive” or “negative” is more difficult and social media sources for prospective than processing keyword lists. Slang, sarcasm and irony, remarkably creative spellings, and tortuous negations con- spire to hide meaning. For example, Figure 8: A quick check in on Sunday, Nov. 29 shows no instances of “earn” in 1,441 tweets. I guess marketers get It’s fast, it’s easy and it’s FREE! Sundays off. Five percent of tweets indicated they were online and 2 percent offline on Nov. 29 versus 3 percent and 1 a retailer may be interested in under- Just visit: http://analytics.informs.org/ percent, respectively, on Friday, Oct. 16, which may tell us more about tweeting behavior than shopping behavior. standing various aspects of shopping
  • 7. The Yahoo Buzz graph shows the of what was to become a large (80 mil- next three months we picked up as many fertile field for forecasting and optimization build of search volume and the spike lion member) social network. active members as we had in the previ- models focused on tight ROI goals. Market- for Black Friday, the first shopping day The key metric for viral growth is trans- ous 12. Despite, or perhaps because of ing in social spaces requires rigorous and after Thanksgiving. mission rate. When the transmission rate this, there was a consistent growth in en- meaningful measurement but also opens is greater than one for an active popula- gagement statistics such as time on site. up more diffuse challenges around brand tion, growth becomes exponential. We fo- health and consumer intent. S OCIAL NETWORKING SITES TEND to value cused on refining the key touch-point for Kevin Geraghty (kgeraghty@360i.com) is vice president themselves based on their membership transmission: the invitation e-mail that an of research and analytics for 360i, an independent digital marketing agency based in Atlanta. A graduate of the rather than visits to a Web site. One of existing member sent to their friends to DIGITAL MARKETING ANALYTICS has tradi- O.R. program at University College, Dublin, Ireland, he my first a ssignments in the social net- encourage them to join. Over the summer tionally focused on monitoring Web site was a co-author of the 1985 Edelman Award finalist paper “Revenue Management Saves National Car Rental.” In working sphere was to develop models of 2005 this was consistently improved performance with tools such as Omniture 1996 he founded Revenue Research, Inc., a revenue for monitoring and predicting the growth until, in September, we went viral. In the Site Catalyst. Paid search has provided a management consulting firm. Figure 9: Virality depends primarily on transmission rate. Tweaking the campaign factors that affect transmission rate is the key to campaign success.