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Where’s the Return on Engagement? Measuring Social Media ROE Debra Askanase Community Organizer 2.0 May 18, 2011

Where's the Return on Engagement? Measuring Social Media ROE

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This presentation looks at how to measure real social media engagement, and defines metrics that lead to ROE and metrics that actually measure activism based on ROE. We also look at what social media activities lead to the highest ROE and how to use that information to design your programs and social media implementation. Lastly, the presentation covers three ROE supportive case studies.

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Page 1: Where's the Return on Engagement? Measuring Social Media ROE

Where’s the Return on Engagement?Measuring Social Media ROE

Debra AskanaseCommunity Organizer 2.0May 18, 2011

Page 2: Where's the Return on Engagement? Measuring Social Media ROE

Webinar Takeaways

What is Return on Engagement

Status and Engagement Metrics

Designing ROE

Case studies

Tools

http://www.flickr.com/photos/52352295@N00/181354778/

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http://www.flickr.com/photos/lenore-m/312319615/

Page 4: Where's the Return on Engagement? Measuring Social Media ROE

Communication

Collaboration

Multimedia

Entertainment

Reviews and Opinions

Page 5: Where's the Return on Engagement? Measuring Social Media ROE

Return on Engagement

The metric tied to time and investment spent participating or interacting with other social

media users, and in turn, what transpired that's worthy of measurement*

Hat tip to Brian Solis for the inspirationhttp://socialmediatoday.com/index.php?q=SMC/176801

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First define measurable goals

http://www.flickr.com/photos/lululemonathletica/3876552794/

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Activities and outcomes follow

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There are two types of measurements

Status Measurements (leading to ROE)

Engagement and activism measurements

http://www.flickr.com/photos/55714700@N00/5383102286/

Page 9: Where's the Return on Engagement? Measuring Social Media ROE

Status measurements Engagement and activism measurements

Numbers that are not in the context of social media conversations, nor reflect the impact of social network conversations

Numbers that are in the context of social media conversations, and often reflect the impact of social network conversations

Leading to ROE Are used to measure ROE

Page 10: Where's the Return on Engagement? Measuring Social Media ROE

Status measurements: Leading to ROE

These are status check-ins that are

non-contextualsuch as

Number of followers, friends, RTs, readers, Likes, views, connections, photos shared, etc.

But we need to do it

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Status measurements alone do not tell the right story

400 spammersOnly 3 followers that cared at allCouldn’t influence people to click links!No one playing game came from Twitter

Goal: sign up to play an online gameSocial media activity: TwitterStatus metric: number of Twitter followers

4,000 Twitter followers in one year!

4,000 Twitter followers in one year!

The Case of the 4,000 Twitter Followers Who Don’t Care

Page 12: Where's the Return on Engagement? Measuring Social Media ROE

Engagement and activism measurements: foster community

These are contextual measurements that speak

to how engaged the community is, how willing it

is to take action, & your influence on the

community=>

Converts to intended action

http://www.flickr.com/photos/34086095@N05/4860818097/

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Engagement you can measure

Participation – comments, interactions, usage of widgets, @messages, shares, likes, posts, tagsDegree of Authority – authoritative sites linking to your URLs, talking to about your content, organization, campaign Influence – size of user base subscribed to your content, ability to influence conversation, Klout/Twitalyzer, #RTs per post, hits to website from social sitesSentiment – how do people feel about you, % change

Resource: http://www.beingpeterkim.com/2008/09/a-framework-for.html

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If your social media strategy isn’t an

engagement strategy, then you’re

not realizing ROI

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The social media activity funnel

(and realize ROE)

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Case study from 22Squared:

Studied how 100 top brands used social mediahttp://www.slideshare.net/brandonmurphy/the-true-value-of-social-media-4267498

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The successful brands moved people beyond short-term impact to include

return on engagement

Objectives included advocacy, trust, loyalty, influence

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You can design engagement for higher ROE

http://www.flickr.com/photos/48450255@N08/5188623949/

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ROE of Social Media Actions*

Create a video,

custom message,

tweet, product for the

company

Create a video,

custom message,

tweet, product for the

company

Become a fan

FriendFollow

JoinDiscuss

Become a fan

FriendFollow

JoinDiscuss

Post reviews

Give feedback

VoteContribute

ideas

Post reviews

Give feedback

VoteContribute

ideas

VisitWatch

DownloadReadPlay

Donate

VisitWatch

DownloadReadPlay

Donate

Engage Contribute Participate Create

Lowest to highest Return on Engagement

* Based on http://www.slideshare.net/brandonmurphy/the-true-value-of-social-media-4267498

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Creators talked and proactively shared information about the

brand the most. They also influenced buying decisions the

most.

Low-level engagement by itself did not produce significant ROE (this activities lead to ROE)

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It is possible to measure level of engagement

Engagement Measurement

Total number who engage in some way with your organization’s social media spaces or within it/Total number of people in the same social media spaces

Example: 1200 people from our Facebook Page and Linkedin Group engage with those sites monthly/6,700 people who follow us on those spaces = 18% are actually engaged with your organization online

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It is possible to measure activism

Activism Measurement

Total number who took action from your social spaces that you asked them to take /Total number of people within your social media spaces

Example: 280 people from our Facebook Page and Linkedin Group completed a survey on your site/6,700 people who follow us on those spaces = 4% are willing to take action for your organization

Page 24: Where's the Return on Engagement? Measuring Social Media ROE

Goal Leading to ROE Activities (some concurrent with ROE activities)

Measure-ments(mostly status)

ROE Activities

Engagement Measure-ments

Sign up for classes online

• Develop and nurture FB Page• create FB groups for each class

• No. of fans• No who post• No. in group• Post impressions• No. who visit site from social media• No. who are engaged weekly

• Q&A bloginterviews with students, discussion on FB Page• Create your own class (FB poll)• Tell a friend activity involving tagging

• FB engagement• group comments• poll participants• No. who tell a friend and tag on FB

What is the engagement %?

One type of ROE measurement chart

Page 25: Where's the Return on Engagement? Measuring Social Media ROE

Goal was: sign up for online classes

• How many came from Facebook?• How many came from the blog?• How many came from Twitter?• How many came from a specific bit.ly link

shared on social media?• What is the activism measurement? • What is the engagement measurement?

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https://spreadsheets.google.com/ccc?key=0Auim7mCKWRJsdEVHYTRHOV9oUVV0dk5rR1plbWFyOGc&hl=en&authkey=CIGr7Y4D#gid=2

Sample social media metrics template

Many thanks to Amy Sample Ward for creating this fabulous template Follow her @amyrsward

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Tactics

Overall Strategy

Platforms Website

Tactics Campaigns

Measure ROE and Leading to ROE

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ROE: Lily the Black Bear

http://www.facebook.com/lily.the.black.bear

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Remembering ROE of social media actions

Create a video,

custom message,

tweet, product for the

company

Create a video,

custom message,

tweet, product for the

company

Become a fan

FriendFollow

JoinDiscuss

Become a fan

FriendFollow

JoinDiscuss

Post reviews

Give feedback

VoteContribute

ideas

Post reviews

Give feedback

VoteContribute

ideas

VisitWatch

DownloadReadPlay

Donate

VisitWatch

DownloadReadPlay

Donate

Engage Contribute Participate Create

Lowest to highest Return on Engagement

* Based on http://www.slideshare.net/brandonmurphy/the-true-value-of-social-media-4267498

Page 31: Where's the Return on Engagement? Measuring Social Media ROE

Designing Lily’s Engagement on FB

Engage: Watch videos on FB and Live cam on site, donate, read, visit site

Contribute: give opinions and feedback, vote in contests, name the bear, etc.

Participate: Facebook Friend, follow tweets, discuss and comment

Create: Post their own photos, tweet proactively, comment proactively.

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ROE: To Mama With Love

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Designing TMWL Engagement

Engage: donate, visit site and FB, read

Contribute: give opinions and feedback, vote on justcoz tweets, evaluate campaign

Participate: Facebook Friend, follow tweets, discuss and comment on each heartspace, within FB group

Create: Create own heartspace, tweet proactively, comment proactively, create challenges, blog posts

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Finding what you need to know online

http://www.flickr.com/photos/23196822@N00/2224184085/

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Basic (& Free) Monitoring Tools

Indexed by Google, Google Alerts*: http://www.google.com/alerts

Tagged by Delicious or Flickr, Create Keyword RSS feeds:http://www.delicious.com, http://www.flickr.com Chatter in blog comments, Backtype: http://www.backtype.com/home/alerts

Blog posts/blogs: http://www.blogpulse.com/

Page 40: Where's the Return on Engagement? Measuring Social Media ROE

Basic (& Free) Monitoring Tools

Message Boards, BoardReader:http://www.boardreader.com

Facebook and Twitter campaigns, Rowfeeder:http://www.rowfeeder.com

General search, Social Mention:http://www.socialmention.com

Twitter mentions, SocialOomph:www.socialoomph.com

Page 41: Where's the Return on Engagement? Measuring Social Media ROE

http://www.mediabistro.com/alltwitter/what-are-the-best-social-media-monitoring-tools-infographic_b7831

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It’s really important to spend the time creating an engaged community

http://www.flickr.com/photos/73584213@N00/322654818/

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…so that your ROE will scale and eventually…

http://www.flickr.com/photos/65823059@N00/2283805003/

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If you ask, they will act.And ask others to do so.

Enthusiastically.

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http://www.flickr.com/photos/32595872@N02/4195880838/

Questions?

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Thank [email protected]

Twitter: @askdebraskype: daskanase

Slideshare.net/debask(617) 682-2977