Jim Sterne's Webinar Presentation With Radian6

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In this presentation, Jim Sterne, Web analytics expert and President of Web strategy firm Target Marketing, shared with us how social media metrics and Web metrics tie together.

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eMetrics.orgJim Sterne

Social Media Metrics andWeb Analytics

Social Media Metrics andWeb Analytics

Social Media Metrics andWeb Analytics

Social Media Metrics andWeb Analytics andEmail Metrics andSatisfaction Metrics andetc.

Social Media Metrics andWeb Analytics andEmail Metrics andSatisfaction Metrics andetc.

Social Media Metrics andWeb Analytics andEmail Metrics andSatisfaction Metrics andetc.

Web site Email Search MarketingBanners TV Search OptimizationSponsorship SMS Tele MarketingDirect Mail Print Affiliate MarketingWebinar Video Social NetworksPodcast Blog Behavioral TargetingOutdoor Twitter MicrositesEvents Viral Location Based

The Main Marketing QuestionHow much to spend on each?

Web site Email Search MarketingBanners TV Search OptimizationSponsorship SMS Tele MarketingDirect Mail Print Affiliate MarketingWebinar Video Social NetworksPodcast Blog Behavioral TargetingOutdoor Twitter MicrositesEvents Viral Location Based

The Main Marketing QuestionHow much to spend on each?

Marketing Metrics SuccessCustomer Centricity

View the world through customer-colored glasses

Educate

Sell

Help

• Get Attention

Relate

Company / Customer Communication

Educate

Sell

Advertising

Help

• Get Attention

Relate

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Help

• Get Attention

Relate

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Sales

Help

• Get Attention

Relate

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Sales

Customer ServiceHelp

• Get Attention

Relate

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Sales

Customer ServiceHelp

• Get Attention

Relate F2F, Phone, Email

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Sales

Customer ServiceHelp

• Get Attention

Relate Social Media

Company / Customer Communication

Educate

Sell

Advertising

Marketing

Sales

Social MediaHelp

• Get Attention

Relate Social Media

Social Media

Social Media

Social Media

Company / Customer Communication

Social Media Metrics

platforms that allow contentto be easily shared

Definition:

Marketing Metrics SuccessCustomer Centricity

View the world through customer-colored glasses

The Selling Cycle•Advertise• Prospect• Qualify• Manage Leads• Identify Solution• Create Proposal• Negotiate• Close Sale• Install• Invoice• Support

The Buying Cycle•Blissful ignorance• Experience pain• Seek information• Discover solutions• Compare options• Create short list• Negotiate• Commit• Recommend

GainChangeConsiderCheckAffectGenerate

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Social Media MetricsCustomer Centricity

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Advertising Metrics

ReachFrequencyAwareness

Opportunity to See

BlogosphereMeasuring Your Own Blog

RSS SubscribersReaders per post

Opportunity to See...Opportunity to Share

Reach, Frequency & AwarenessVirality

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Measuring Attitude

Online Metrics On Your SitePositiveNegativeNet Promoter Score

Sentiment Checking

Positive or Negative? This pot roast is delicious.This pot roast is the worst I’ve ever tasted.This pot roast is inedible.This pot roast is better than your mother’s.

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Measuring Influence

Influencesthousands

Influenceshundreds ofthousands

Influencesmillions

Which one influences more web analysts??

Measuring our own influence on public opinionSurvey Run an Ad Survey

Measuring Influence

Influential Topics

Influential Topics

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Measuring the Buzzosphere

Share of AudienceShare of VoiceShare of BuzzShare of Sharing

Are we more visible than the competition?

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Measuring Outcomes

Like

Follow

Retweet

Blog Post

Blog Comment

Rating

Bookmark

Recommend

Social Actions

Measuring Outcomes

Like

Follow

Retweet

Blog Post

Blog Comment

Rating

Bookmark

Recommend

Recommendations

Click

Visit

Subscription

Membership

Register

Take Survey

Lead Qualify

Purchase

Business OutcomesSocial Actions

Measuring Outcomes

Like

Follow

Retweet

Blog Post

Blog Comment

Rating

Bookmark

Recommend

Click

Visit

Subscription

Membership

Register

Take Survey

Lead Qualify

Purchase

Web AnalyticsSocial Metrics

Social Media MetricsCustomer Centricity

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

How Much is a Social MediaParticipant Worth?

Web site Email Search MarketingBanners TV Search OptimizationSponsorship SMS Tele MarketingDirect Mail Print Affiliate MarketingWebinar Video Social NetworksPodcast Blog Behavioral TargetingOutdoor Twitter MicrositesEvents Viral Location Based

How Much is a Social MediaParticipant Worth?

How Much is a Social MediaParticipant Worth?

$ .0725

How Much is a Social MediaParticipant Worth?

If:10,000 people are talking about shampoo

How Much is a Social MediaParticipant Worth?

If:10,000 people are talking about shampooAnd, a new customer has a lifetime value of $29 (profit)And, joining that conversation causes 5% of them to tryAnd 5% of those remain loyalThen:

10,000 x 5% = 500500 x 5% = 2525 x $29 = $725725/10,000 = $0.0725 per participant = 7.25 ¢

How Much is a Social MediaParticipant Worth?

$ .0725

How Much is a Social MediaParticipant Worth?

725 million $ .0725

RelevancyPut the right messageIn front of the right personAt the right time

RelevancyPut the right messageIn front of the right personAt the right time

Get the right messagefrom the right peopleat the right time

Crowdsourcing

Crowdsourcing

Social Media MetricsWeb Analytics

MeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValue

Social Media MetricsWeb Analytics

MeasureMeasureMeasureMeasureMeasureMeasureMeasure

AwarenessAttitudeInfluenceCompetitionOutcomesValueInput

eMetrics.orgJim Sterne

Social Media Metrics andWeb Analytics