Please                                      Me
Measuring Social Media in Public Relations
Singapore & Hong Kong – March 2 & 4, 2010
The World‟s Most Valuable Facebook Page?


      28,842,974 „Likes‟ x 3 posts per day x 30 days
      = 2,595,867,660 impressions per month


      (2,595,867,660 impressions / 1000) x $5 CPM

      = $ 12,979,338.30 per month or
      = $ 155,752,059.69 per annum
        in earned media

      ALV (Average „Like‟ Value) = $5.40
http://vitrue.com/blog/2010/04/14/360-facebook-fan-valuation-is-just-the-tip-of-the-iceberg/
$156 million - $110 million

  =   $46 million
A (Much) Simpler Value Equation




                    = $0
Agenda



1.   Evolving Measurement

2.   Three Measurement Myths

3.   Output, Impact, Outcome - A Model
     for Measurement

4.   In Practice
Measurement is
                                                   Evolving




“We talk about the quality of product
and service. What about the quality of
our relationships, and the quality of our
communications and the quality of our
promises to each other?”
                               Max De Pree
Where We Began - Counting




   Clips
   Circulation
   Impressions
   Advertising Equivalency Value
   PR Value
The Modern Imperative - Analysing




   Media Tracking
   Message Content
   Audience Attitudes
   Reputation Drivers
The Future – Establishing Causation




                                         Performance Measurement
                                         Objectives
                                         Communications audit
                                         PR Dashboards
the (perceived) challenge
35
         of marketers in the U.S.
         say that the main
         obstacle to
     %   implementing a social
         media strategy is there
         is not enough data or
         analytics to develop
         ROI.
            eMarketer.com, April 2010




17
           of marketers in the
           U.S. say that the
           main obstacle to
           implementing an
     %     effective online
           measurement
           strategy is that there
           is too much data.
            eMarketer.com, June2010
the (real) challenge




EXECUTE    PLAN      RESEARCH
94%                               of online conversation around Asian
                                      corporate brands is neutral in tone


                                          28%
           China                                                    53%
                                                                                   Positive
                                  20%
                                                                                   Negative

                                                34%                                Mixed
           India                                                     54%
                         12%


                                                       40%
           Japan                                                49%
                        11%


                                                                     54%
           Korea                                      39%
                       7%


Source: Burson-Marsteller Asia-Pacific
Based on a review of 492,838 mentions of prominent Asian brands in online forums
63% gap
                                  messages disseminated messages reflected in
                                  by Asian multinationals blog commentary




Source: Burson-Marsteller Global Message Gap Study 2010
...but consistent lack of sustainable social strategies



                                                                                Active

                                    20%                                         Inactive

             18%




                                                           12%
                                             11%
                                                                                 9%
                       8%                                                  8%




              Microblogs          Social Networks
                                                                  4%



                                                         Corporate Blogs    Video
                                                                                           55       of Asian corporate social
                                                                                                % media accounts are inactive



Source: Burson-Marsteller Asia-Pacific Social Media Study 2010
The measurement imperative
   Set measurable objectives from the
    outset
   Measure only what is meaningful
   Link social media activity to tangible
    outcomes
3 Measurement Myths




“As a general rule the most successful
man in life is the man who has the best
information”
                          Benjamin Disraeli
Digital ROI is Different




(            )
Benefit - Cost
   Cost
                 X 100 = Return on Investment
Activity = Value




                   19
It’s All About Presence
                  20
Output, Impact,
    Outcomes



“Communication is not what you
send out, but what arrives.”
                     Jim Macnamara

                                     “You know, we’re just not reaching that guy”
A Simple Measurement Framework




                                 …but it all starts
                                 from the Outset
A Measurement Mantra
Our role as PR Professionals is to tell the
organization‟s story…
…to all the people who need to hear it…
…so that they will do and think…
…what we want them to do and think:
      know who we are;
      understand what we do;
      think highly of us;
      agree with us;
and ultimately be motivated to:
      buy our products and services;
      work with us or for us;
      recommend us to others;
      invest in our stock;
      or otherwise contribute to our business.
The first step in
measuring results is to
define the result…




…who are the people
who need to hear our
story? What do we
want them to do or
think?
Who do I need to reach?
   What are they saying about me?
         Where are they saying it?




                                                                   25

BURSON-MARSTELLER ASIA-PACIFIC   EVIDENCE-BASED   COMMUNICATIONS
What do I want the audience to do or think?
Why is this important?
What does success look like?




                                                                                26

             BURSON-MARSTELLER ASIA-PACIFIC   EVIDENCE-BASED   COMMUNICATIONS
Define Benchmarks




Take a snapshot of metrics
before beginning
Soft and Hard Outcomes




Awareness                Revenue
Engagement               Employment
Advocacy                 Investment
Reputation               Partnership
Objectives to Outcomes

Wooly Objectives                     Probing questions                              Measurable Outcomes
Improve online awareness             Where is your audience congregating online?     Improve ratio of positive to negative
                                     What is the tone and content of current         content in top five industry blogs over
                                     online content in those forums?                 next quarter
                                     What opportunities exist to engage?             Respond to 50% of relevant comments


Position company as an employer of   What do people look for in an employer?         Increase number of applications for jobs
                                     How is the company perceived as an              posted on the careers site
choice
                                     employer?                                       Decrease employee churn to below 50%
                                     How is employee satisfaction measured?          within 18 months


Improve investor sentiment           What factors affect investor sentiment?         Persuade equity analysts from top five
                                     How realistic are the company‟s plans?          investment houses to rate the stock as
                                     What is the online sentiment regarding the      “buy”
                                     company's performance?


Increase sales                       What are the current conversion ratios?         Increase participation in current coupon
                                     How is the company reaching consumers?          redemption campaign
                                     How does the online meet the offline?           Increase preference for new line of
                                     How is the company tracking conversions?        products among savvy early adopters
Outcomes Should Specify




                    Be realistic!
Measuring Output – What’s the Buzz?
Measuring Output – Tracking Engagement


  Allows 'Liker'posts      Responds to 'Liker' posts

                                          89%

74%                                             72%

      57%   60%             59%
                                  51%


                  28%



 Global     Asia-Pacific      Europe         U.S.
Two BIG Questions


       What     do we want to talk about?
       =   Content strategy

       Where do we want to talk about it?
       =   Channel strategy
One BIG
universe of choice
Impact
Measuring Impact – Passive Engagement
Measuring Impact – Active Engagement




   Coupons, Newsletters, Webinars,
   White Papers, Video, Speeches…
Outcome
Measuring Outcome - Revenue
Measuring Outcome – Demonstrating Value
How much is enough?

                                        Increase in            Increase in              % change in
                                                                                                            Ratio of posts to         No of positive 3rd
                    Engagement          community            content views or         content / channel
                                                                                                           comments / replies         party comments
                                       memberships              downloads                   subs


                                                                 % change in                                   Correlation of           % change in
 Community            Customer          % Change in
                                                                  customer
                                                                                         % change in
                                                                                                               sentiment to            overall positive
 Health              Satisfaction    customer retention                                customer loyalty
                                                                 satisfaction                                   satisfaction             sentiment


                                        % Change in                                     % change in                                    % change in
                    Social Content                            % change in                                   % change in blog
                                      Facebook Likes /                                 YouTube Likes /                               content tagged or
                       Mobility                              Twitter retweets                                 trackbacks
                                          shares                                          embeds                                          ranked



                      Thought         % Change in SOV per             % change in Cisco             Increase in topical          Increase in perception
                     Leadership       thought leader topic          thought leaders quoted           content coverage            of C. as thought leader


                      Message        % of conversations carrying one             % change in key messages in           % change in awareness and
                     Resonance           or more key messages                     social media conversations           credibility of key messages
 Market
 Perception                            % change in aided / unaided              % change preference in specific      % change in positive sentiment
                  Market Awareness
                                       awareness vs. competition                   markets vs. competition                 vs. competition

                                      % change in no. of times C. is          % Change in no. of times C.
                                                                                                                     % change in perceived position
                   Market position      positioned favourably in            mentioned positively in key blogs
                                                                                                                        relative to competition
                                      conversation vs. competition          and communities vs. competition



                                                                                                                                % change in correlation
                                                                    % change in cost per          % change in desirable
                   Leads / Sales /    % change in cost per                                                                       between social media
                                                                     contact or cost per          mentions of key sales
                    Market Share         qualified lead                                                                           conversations and
                                                                    customer acquisition                drivers
                                                                                                                                    qualified leads

 Quantitative

                                                                              Decline in cost per message
                     Efficiency of            Decline in cost                                                                Decline in cost
                                                                            communicated (budget divided by
                   Communications            per click through                                                              per engagement
                                                                                message appearnces)




http://blogs.cisco.com/socialmedia/measuring-social-media-and-its-impact-on-your-brand/
Nothing has
changed…




…and everything
has changed
“[In Social Media], success isn't
about 'being on Twitter' or
mastering any other particular
social tool. Instead, success
accrues to businesses that are
present, agile, responsive, and
prepared.“
           Jay Baer and Amber Naslund
       authors of "The Now Revolution,"
Please                                                  Me           V
Measuring Social Media in Public Relations
http://slidesha.re/hTbqGe

Steve Bowen                      Zaheer Nooruddin
Managing Director, Marketing &   Director, Lead Digital Strategist
Training Asia-Pacific            for Greater China
steve.bowen@bm.com               zaheer.nooruddin@bm.com

www.burson-marsteller.asia
www.facebook.com/bursonmarsteller.asia
@BMAsiaPacific

Please Like Me

  • 1.
    Please Me Measuring Social Media in Public Relations Singapore & Hong Kong – March 2 & 4, 2010
  • 2.
    The World‟s MostValuable Facebook Page? 28,842,974 „Likes‟ x 3 posts per day x 30 days = 2,595,867,660 impressions per month (2,595,867,660 impressions / 1000) x $5 CPM = $ 12,979,338.30 per month or = $ 155,752,059.69 per annum in earned media ALV (Average „Like‟ Value) = $5.40 http://vitrue.com/blog/2010/04/14/360-facebook-fan-valuation-is-just-the-tip-of-the-iceberg/
  • 3.
    $156 million -$110 million = $46 million
  • 4.
    A (Much) SimplerValue Equation   = $0
  • 5.
    Agenda 1. Evolving Measurement 2. Three Measurement Myths 3. Output, Impact, Outcome - A Model for Measurement 4. In Practice
  • 6.
    Measurement is Evolving “We talk about the quality of product and service. What about the quality of our relationships, and the quality of our communications and the quality of our promises to each other?” Max De Pree
  • 7.
    Where We Began- Counting  Clips  Circulation  Impressions  Advertising Equivalency Value  PR Value
  • 8.
    The Modern Imperative- Analysing  Media Tracking  Message Content  Audience Attitudes  Reputation Drivers
  • 9.
    The Future –Establishing Causation  Performance Measurement  Objectives  Communications audit  PR Dashboards
  • 10.
  • 11.
    35 of marketers in the U.S. say that the main obstacle to % implementing a social media strategy is there is not enough data or analytics to develop ROI. eMarketer.com, April 2010 17 of marketers in the U.S. say that the main obstacle to implementing an % effective online measurement strategy is that there is too much data. eMarketer.com, June2010
  • 12.
  • 13.
    94% of online conversation around Asian corporate brands is neutral in tone 28% China 53% Positive 20% Negative 34% Mixed India 54% 12% 40% Japan 49% 11% 54% Korea 39% 7% Source: Burson-Marsteller Asia-Pacific Based on a review of 492,838 mentions of prominent Asian brands in online forums
  • 14.
    63% gap messages disseminated messages reflected in by Asian multinationals blog commentary Source: Burson-Marsteller Global Message Gap Study 2010
  • 15.
    ...but consistent lackof sustainable social strategies Active 20% Inactive 18% 12% 11% 9% 8% 8% Microblogs Social Networks 4% Corporate Blogs Video 55 of Asian corporate social % media accounts are inactive Source: Burson-Marsteller Asia-Pacific Social Media Study 2010
  • 16.
    The measurement imperative  Set measurable objectives from the outset  Measure only what is meaningful  Link social media activity to tangible outcomes
  • 17.
    3 Measurement Myths “Asa general rule the most successful man in life is the man who has the best information” Benjamin Disraeli
  • 18.
    Digital ROI isDifferent ( ) Benefit - Cost Cost X 100 = Return on Investment
  • 19.
  • 20.
    It’s All AboutPresence 20
  • 21.
    Output, Impact, Outcomes “Communication is not what you send out, but what arrives.” Jim Macnamara “You know, we’re just not reaching that guy”
  • 22.
    A Simple MeasurementFramework …but it all starts from the Outset
  • 23.
    A Measurement Mantra Ourrole as PR Professionals is to tell the organization‟s story… …to all the people who need to hear it… …so that they will do and think… …what we want them to do and think: know who we are; understand what we do; think highly of us; agree with us; and ultimately be motivated to: buy our products and services; work with us or for us; recommend us to others; invest in our stock; or otherwise contribute to our business.
  • 24.
    The first stepin measuring results is to define the result… …who are the people who need to hear our story? What do we want them to do or think?
  • 25.
    Who do Ineed to reach? What are they saying about me? Where are they saying it? 25 BURSON-MARSTELLER ASIA-PACIFIC EVIDENCE-BASED COMMUNICATIONS
  • 26.
    What do Iwant the audience to do or think? Why is this important? What does success look like? 26 BURSON-MARSTELLER ASIA-PACIFIC EVIDENCE-BASED COMMUNICATIONS
  • 27.
    Define Benchmarks Take asnapshot of metrics before beginning
  • 28.
    Soft and HardOutcomes Awareness Revenue Engagement Employment Advocacy Investment Reputation Partnership
  • 29.
    Objectives to Outcomes WoolyObjectives Probing questions Measurable Outcomes Improve online awareness Where is your audience congregating online? Improve ratio of positive to negative What is the tone and content of current content in top five industry blogs over online content in those forums? next quarter What opportunities exist to engage? Respond to 50% of relevant comments Position company as an employer of What do people look for in an employer? Increase number of applications for jobs How is the company perceived as an posted on the careers site choice employer? Decrease employee churn to below 50% How is employee satisfaction measured? within 18 months Improve investor sentiment What factors affect investor sentiment? Persuade equity analysts from top five How realistic are the company‟s plans? investment houses to rate the stock as What is the online sentiment regarding the “buy” company's performance? Increase sales What are the current conversion ratios? Increase participation in current coupon How is the company reaching consumers? redemption campaign How does the online meet the offline? Increase preference for new line of How is the company tracking conversions? products among savvy early adopters
  • 30.
  • 31.
    Measuring Output –What’s the Buzz?
  • 32.
    Measuring Output –Tracking Engagement Allows 'Liker'posts Responds to 'Liker' posts 89% 74% 72% 57% 60% 59% 51% 28% Global Asia-Pacific Europe U.S.
  • 33.
    Two BIG Questions What do we want to talk about? = Content strategy Where do we want to talk about it? = Channel strategy
  • 34.
  • 35.
  • 36.
    Measuring Impact –Passive Engagement
  • 37.
    Measuring Impact –Active Engagement Coupons, Newsletters, Webinars, White Papers, Video, Speeches…
  • 38.
  • 39.
  • 40.
    Measuring Outcome –Demonstrating Value
  • 41.
    How much isenough? Increase in Increase in % change in Ratio of posts to No of positive 3rd Engagement community content views or content / channel comments / replies party comments memberships downloads subs % change in Correlation of % change in Community Customer % Change in customer % change in sentiment to overall positive Health Satisfaction customer retention customer loyalty satisfaction satisfaction sentiment % Change in % change in % change in Social Content % change in % change in blog Facebook Likes / YouTube Likes / content tagged or Mobility Twitter retweets trackbacks shares embeds ranked Thought % Change in SOV per % change in Cisco Increase in topical Increase in perception Leadership thought leader topic thought leaders quoted content coverage of C. as thought leader Message % of conversations carrying one % change in key messages in % change in awareness and Resonance or more key messages social media conversations credibility of key messages Market Perception % change in aided / unaided % change preference in specific % change in positive sentiment Market Awareness awareness vs. competition markets vs. competition vs. competition % change in no. of times C. is % Change in no. of times C. % change in perceived position Market position positioned favourably in mentioned positively in key blogs relative to competition conversation vs. competition and communities vs. competition % change in correlation % change in cost per % change in desirable Leads / Sales / % change in cost per between social media contact or cost per mentions of key sales Market Share qualified lead conversations and customer acquisition drivers qualified leads Quantitative Decline in cost per message Efficiency of Decline in cost Decline in cost communicated (budget divided by Communications per click through per engagement message appearnces) http://blogs.cisco.com/socialmedia/measuring-social-media-and-its-impact-on-your-brand/
  • 42.
  • 43.
    “[In Social Media],success isn't about 'being on Twitter' or mastering any other particular social tool. Instead, success accrues to businesses that are present, agile, responsive, and prepared.“ Jay Baer and Amber Naslund authors of "The Now Revolution,"
  • 44.
    Please Me V Measuring Social Media in Public Relations http://slidesha.re/hTbqGe Steve Bowen Zaheer Nooruddin Managing Director, Marketing & Director, Lead Digital Strategist Training Asia-Pacific for Greater China steve.bowen@bm.com zaheer.nooruddin@bm.com www.burson-marsteller.asia www.facebook.com/bursonmarsteller.asia @BMAsiaPacific