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Updated presentation on social media measurement metrics, goals and case studies for UW marketing and entrepreneurship class
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From Eyeballs to Engagement:Social Media Analysis & Measurement
Chief Conversation OfficerSpoken Communicationswww.spoken.comhttp://blog.spoken.com@spokencomm
Heidi Miller Mediawww.heidi-miller.com@heidimiller
April 20, 20101Wednesday, April 21, 2010
Social Media
2Wednesday, April 21, 2010
• Real conversations
• Product development
• Deepen relationships
• Spark innovation
Social Media = Cocktail Party engagement
3Wednesday, April 21, 2010
Don’t be that guy
4Wednesday, April 21, 2010
Social Media Analysis
discovering, mapping, and measuring relationships
among people, groups, companies, and any other entities
—with which they interact
including products,
online content,
and
personal computers
5Wednesday, April 21, 2010
Why measure?
“The main reason to measure objectives is not so much to reward or punish
individual communications manager for success or failure
as it is to learn from the research
whether a program should be continued as is,
--James E. Grunig, Professor Emeritus, University of Maryland
revised, or dropped in favor of another approach.”
6Wednesday, April 21, 2010
How we’ve measured
Eyeballs Hits Engagement
7Wednesday, April 21, 2010
What not to measure
• Eyeballs
• Hits
• Number of Twitter followers
• Number of Facebook fans
8Wednesday, April 21, 2010
• A silver bullet
Social Media Engagement ISN’T
• A megaphone• A strategy
9Wednesday, April 21, 2010
Social Media ISN’T
• One-time implementation
• Set it and forget it
• ROI solution
Like other forms of measurement, SM measurement
• Requires constant engagement
• Requires constant benchmarking
• Requires constant fine-tuning
10Wednesday, April 21, 2010
What is your goal?
• Direct sales
• Improve public sentiment
• Provide customer service
• Reduce traffic to call centers
• Provide a channel for crisis communications
• Increase brand awareness
• Increase attendance to live events
• Develop new product offerings11Wednesday, April 21, 2010
How can engagement in social media...
13Wednesday, April 21, 2010
Widescreen Approach
•Customer retention
•Customer satisfaction rates
•Overall profits
14Wednesday, April 21, 2010
Engagement metrics
• Influence
• Engagement
• Advocacy
• Sentiment
15Wednesday, April 21, 2010
What to measure
• Alerts (register and response rates / by channel / CTR / post click activity)
• Bookmarks (onsite, offsite)
• Comments
• Downloads
• Email subscriptions
• Fans (become a fan of something / someone)
• Favorites (add an item to favorites)
• Feedback (via the site)
• Followers (follow something / someone)
• Forward to a friend
16Wednesday, April 21, 2010
What to measure
• Groups (create / join / total number of groups / group activity)
• Install widget (on a blog page, Facebook, etc)
• Invite / Refer (a friend)
• Key page activity (post-activity)
• Love / Like this (a simpler form of rating something)
• Messaging (onsite)
• Personalization (pages, display, theme)
• Posts
• Profile (e.g. updates)
17Wednesday, April 21, 2010
What does
“engaged”
mean?
18Wednesday, April 21, 2010
Level of engagement
0 = Unengaged % unique visitors
1 = Repeat visitor % repeat visits
% comments, friends, follows2 = Regularly engaged
% repeat comments, RTs, thread participation3 = Highly engaged
% advocating, + sentiment recommendations4 = Addicted
19Wednesday, April 21, 2010
Goals determine metrics
Reputation/relationships
Reach
% Positive and neutral mentions
% Actions
% Highly engaged/Addicted
Cost per customer
Web analytics
Sales statistics
Positive Recommendations
Customer Satisfaction
Positive Sentiment Mentions
% Positive Mentions vs Negative
Awareness Direct Sales
20Wednesday, April 21, 2010
Case Study: Knight News Challenge 2008
21Wednesday, April 21, 2010
Objectives
• Improve diversity of the applications
➡From tech community
➡From social media communities
➡Online news
• Grow international submissions, esp. from Asia
• Increase awareness of the program
• Build community among applicants
22Wednesday, April 21, 2010
Strategy
• Blogger outreach to 100 social media, open-source tech and Web 2.0
• Send info to 7,500-person mailing list
• Twitter 3-5x/day
• Create and promote a hashtag
• Podcast interviews with past winners giving advice; post to blog
• Email campaign to journalists and educator influencers
23Wednesday, April 21, 2010
Strategy
• Built News Challenge Garage site on Drupal to encourage community participation
• Barcamp-style real-life meetups
➡9 overall
➡promoted as Facebook and Upcoming.org events
• International outreach campaign via email
24Wednesday, April 21, 2010
Outcomes
• Increased awareness
➡Traffic to KNC site up 47%, average 2,930 visits/day
➡224 blog posts about KNC versus 24 the previous year
➡60,000 mentions on Google, up 110% from previous year
• Improve diversity of applications
➡2,323 projects submitted, 258 asked for full proposal--quality high
• Build community among participants
➡1,600 registered for the Garage site25Wednesday, April 21, 2010
Case Study: Selling $140K plane using social media
Case study video: http://www.youtube.com/watch?v=sCKNpUxvPkY&feature=player_embedded
26Wednesday, April 21, 2010
Objectives
• Generate attendance for live launch event
• Generate interest in live launch event
• Create awareness of new Piper light sport airplanes
• Sell planes
Budget: $40,000
27Wednesday, April 21, 2010
Strategy: Focus on live event
• Create campaign building up to a live event
• Create less formal YouTube video
• No narrator or fancy graphics
• Chief engineer from Piper
• Chief pilot
• Authentic voices
• SEO for keywords
• “light sport aircraft”
• “Piper” and competitor brands
28Wednesday, April 21, 2010
YouTube Channel
http://www.youtube.com/watch?v=sCKNpUxvPkY&feature=player_embedded29Wednesday, April 21, 2010
Facebook Page
http://www.facebook.com/PiperSportxt30Wednesday, April 21, 2010
Twitter feed
31Wednesday, April 21, 2010
Outcomes
• 30,000 YouTube views
• 9,000 highly engaged Facebook fans
• Sold an airplane online
• Sold more during live event
32Wednesday, April 21, 2010
Basic tools for competitive analysis
• Google alert
➡ Company name
➡ Competitors’ names
➡ Topics in the field
• Blogsearch www.google.com/blogsearch
➡ Where are your industry’s influencers?
• Twitter search http://search.twitter.com
• Google’s Twitter search: http://www.google.com/search?hl=en&tbo=1&esrch=RTReplay&tbs=mbl%3A1&q=krispy+kreme&aq=f&aqi=g10&aql=&oq=&gs_rfai=
➡ Where are your industry’s influencers?33Wednesday, April 21, 2010
Tools: Google’s Time-Sensitive Mention Search
34Wednesday, April 21, 2010
Tools: socialmention.com
35Wednesday, April 21, 2010
Tools: twitteranalyzer.com
36Wednesday, April 21, 2010
Tools: Radian6.com
http://www.gravity7.com/blog/media/2008/05/radian6-and-climate-change-views-of.html
37Wednesday, April 21, 2010
Great free marketing podcasts
• For Immediate Release, the Hobson and Holtz Report
• Managing the Gray
• Marketing over Coffee
• Trafcom News Podcast
• The Get It Done Guy
38Wednesday, April 21, 2010
Resources
• http://www.chrisbrogan.com/measuring-social-media-marketing/
• http://www.interactiveinsightsgroup.com/blog1/social-media-metrics-superlist-measurement-roi-key-statistics-resources/
• http://altitudebranding.com/2010/01/10-ways-to-get-serious-about-social-media/
• http://econsultancy.com/blog/3407-10-ways-to-measure-social-media-success
• http://socialmediametrics.wikispaces.com/
• http://womma.org/metrics/
• http://econsultancy.com/blog/4402-20+-more-mind-blowing-social-media-statistics
• http://www.kdpaine.com/index.cfm/all-about-katie-delahaye-paine/katies-speech-archives/
• www.casestudiesonline.com
39Wednesday, April 21, 2010
From Eyeballs to Engagement:Social Media Analysis & Measurement
Chief Conversation OfficerSpoken Communicationswww.spoken.comhttp://blog.spoken.com@spokencomm
Heidi Miller Mediawww.heidi-miller.com@heidimiller
#measurement40Wednesday, April 21, 2010