Web 2.0 SF March 29 2011Measuring the Future: New Metrics for New Media@margaretfrancis#smm #measure #w2e
Warranty Cards: Genius!
Media Measurement, 1990Sale!Media TargetingTVPrintPost-Purchase InformationMarket ResearchOOHWarranty CardRadioTelephone SurveysWOMCredit/ Payment InfoFocus groupsMail
Web 1.0
Media Measurement, 1990Online DisplaySearchClicksPage ViewsSessionsRegistra-tionsOpt-insConver-sionsTVPrintOOHWarranty CardRadioTelephone SurveysWOMCredit/ Payment InfoFocus groupsMail
The more digital our communications get, the more trackable our interactions and transactions, the higher our expectations of measurement
Media Measurement, 2010CommentBlogPostPostDiggMake videoShareTweetRe-TweetFanLikeReviewBook markRateOnline DisplaySearchClicksPage ViewsSessionsRegistra-tionsOpt-insConver-sionsTelephone SurveysWarranty CardsRadioTVWOMPrintFocus groupsCredit / Payment InfoOOHMail
What we measure
SOME “SOCIAL” METRICS
Ford Explorer “Reveal,” July 2010
“You also probably recall Ford’s ambitious 2011 Ford Explorer Reveal. The car maker decided to forgo the auto show and reveal its new car on the web, with Facebook as the centerpiece of the company’s online reveal strategy.The campaign proved to be more successful than anticipated. On reveal day, Ford produced the number one trending topic on Twitterin the U.S.; the Explorer was the number two most searched for term on Google; Ford’s YouTube reveal video garnered 11,000 views; more than 50,000 Ford Explorer Facebook “Likes” flooded in; and, perhaps best of all, 25,000 potential car buyers built and priced new Explorers on the company’s website.”Mashable, “Top 5 Emerging Brand Trends on Facebook,” September 28, 2010
Is that good?
Measure strategy, not stuff
FOUR KINDS OF APPLIED METRICS Brand Perception Marketing Efficiency Revenue Growth Support Savings
Think KPINot ROI
BRAND PERCEPTION METRICSSocial Media participation is necessary to create and maintain brand reputationSentiment Brand equityThematic/ perceptual maps; cluster analysis  PR functions/ crisis control Media relationshipsInfluencer relationshipsCustomer satisfactionLikeliness to buyLikeliness to recommend (NPS)
MARKETING EFFICIENCY METRICSSocial Media is an effective way to create awareness of and interest in products and services SEOImproved rankingsReachFollowersFansForwardsInvitesWord of MouthSharesRTsResearchDefrayed/ reduced cost of surveys, focus groups, panels, testers, and secret shoppers
REVENUE GROWTH METRICSSocial Media is an effective way to drive sales Relationships that could become leadsMembers, Registrants, Fans, downloaders, subscribers, followers, bookmarkers, commentersLeadsPeople that have expressed an interest in your product in the public domain and that you can follow up with Sales Tracked from links promoted via social media channelsTracked via promo codes and offers
SUPPORT SAVINGSSocial Media is an effective way to service our customers (or let them self service themselves)Content creation: user generated vs. company generated Ratings & Reviews ForumsGroupsSupport case metricsCases per channelResponse times per channelWait time per channelResolution rate per channelCustomer sat per channel Call center costs defrayed
Know what you’re counting (and what you’re not)
Paid/ Earned/ Owned
Roll it up
Assembling Metrics into KPIs (Courtesy of Edelman)AttentionEngagementAuthorityInfluenceSentimentMeasurementUnique Visits
Impressions
Page Views
Media Consumption
Total Interactions
Fan Photos/Videos
Post Quality
External Links to Content & Discussion
Total “Likes”
Subscribed “Likes”

Web 2.0 sf 2011 metrics

  • 1.
    Web 2.0 SFMarch 29 2011Measuring the Future: New Metrics for New Media@margaretfrancis#smm #measure #w2e
  • 2.
  • 3.
    Media Measurement, 1990Sale!MediaTargetingTVPrintPost-Purchase InformationMarket ResearchOOHWarranty CardRadioTelephone SurveysWOMCredit/ Payment InfoFocus groupsMail
  • 4.
  • 5.
    Media Measurement, 1990OnlineDisplaySearchClicksPage ViewsSessionsRegistra-tionsOpt-insConver-sionsTVPrintOOHWarranty CardRadioTelephone SurveysWOMCredit/ Payment InfoFocus groupsMail
  • 6.
    The more digitalour communications get, the more trackable our interactions and transactions, the higher our expectations of measurement
  • 7.
    Media Measurement, 2010CommentBlogPostPostDiggMakevideoShareTweetRe-TweetFanLikeReviewBook markRateOnline DisplaySearchClicksPage ViewsSessionsRegistra-tionsOpt-insConver-sionsTelephone SurveysWarranty CardsRadioTVWOMPrintFocus groupsCredit / Payment InfoOOHMail
  • 8.
  • 9.
  • 10.
  • 11.
    “You also probablyrecall Ford’s ambitious 2011 Ford Explorer Reveal. The car maker decided to forgo the auto show and reveal its new car on the web, with Facebook as the centerpiece of the company’s online reveal strategy.The campaign proved to be more successful than anticipated. On reveal day, Ford produced the number one trending topic on Twitterin the U.S.; the Explorer was the number two most searched for term on Google; Ford’s YouTube reveal video garnered 11,000 views; more than 50,000 Ford Explorer Facebook “Likes” flooded in; and, perhaps best of all, 25,000 potential car buyers built and priced new Explorers on the company’s website.”Mashable, “Top 5 Emerging Brand Trends on Facebook,” September 28, 2010
  • 12.
  • 13.
  • 14.
    FOUR KINDS OFAPPLIED METRICS Brand Perception Marketing Efficiency Revenue Growth Support Savings
  • 15.
  • 16.
    BRAND PERCEPTION METRICSSocialMedia participation is necessary to create and maintain brand reputationSentiment Brand equityThematic/ perceptual maps; cluster analysis PR functions/ crisis control Media relationshipsInfluencer relationshipsCustomer satisfactionLikeliness to buyLikeliness to recommend (NPS)
  • 17.
    MARKETING EFFICIENCY METRICSSocialMedia is an effective way to create awareness of and interest in products and services SEOImproved rankingsReachFollowersFansForwardsInvitesWord of MouthSharesRTsResearchDefrayed/ reduced cost of surveys, focus groups, panels, testers, and secret shoppers
  • 18.
    REVENUE GROWTH METRICSSocialMedia is an effective way to drive sales Relationships that could become leadsMembers, Registrants, Fans, downloaders, subscribers, followers, bookmarkers, commentersLeadsPeople that have expressed an interest in your product in the public domain and that you can follow up with Sales Tracked from links promoted via social media channelsTracked via promo codes and offers
  • 19.
    SUPPORT SAVINGSSocial Mediais an effective way to service our customers (or let them self service themselves)Content creation: user generated vs. company generated Ratings & Reviews ForumsGroupsSupport case metricsCases per channelResponse times per channelWait time per channelResolution rate per channelCustomer sat per channel Call center costs defrayed
  • 20.
    Know what you’recounting (and what you’re not)
  • 21.
  • 22.
  • 23.
    Assembling Metrics intoKPIs (Courtesy of Edelman)AttentionEngagementAuthorityInfluenceSentimentMeasurementUnique Visits
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
    External Links toContent & Discussion
  • 31.
  • 32.

Editor's Notes

  • #25 Metrics are meant to inform strategy, not replace it