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1 CLICK YOU DON’T KNOW Measuring What Matters in Social Media Eric Swayne 8/28/10 | |

[OpenCamp 2010] You Don't Know Click: Measuring What Matters in Social Media

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Data is both the good news and the bad news of social media - we get so many numbers from our actions in the space that it's hard to separate the cool from the meaningful. But measuring people is nothing new - CRM programs have been doing this for the last 40+ years. So let's take a look at the best parts from the old school, and see what we can teach the new school about measurement, KPIs and tracking success.

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CLICK YOU DON’T KNOW

Measuring What Matters in Social Media

Eric Swayne 8/28/10 | |

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Your Intrepid Presenter

Eric Swayne Senior Social / Digital Strategist

@eswayne

eswayne.com

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rockfishinteractive.com

2008 Small Agency of the Year

2009 Agency A-List

Top 10 Agencies

Top Intranet in the World My Walmart.com

Small Agency of the Decade Finalist

The Company I Work For

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People I Get To Work With

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Brands I’ve Worked With

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The Lightning

Round

Minute to Win It:

The OpenCamp

Presentation Version

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Questions?

@eswayne

#ocdfw

#knowclick

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How do

you do

that?

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TOO MANY

NUMBERS

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This is humanity.

It gets messy.

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SOCIAL METRICS ORGANIZE THE

CHAOS

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Step 1:

Start with

Conversions

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What is a Conversion?

= Conversions

Money

Fame

Action

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• Ad Clicks

• Sales

• Downloads

• Trials

• Contacts / Leads

• Signups

• Inquiries

• Friends

• Followers

• Diggs

• Tweets

• Comments

• Bookmarks

• Replies

The “Halo Effect”

Model

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The “Halo Effect”

Model

• Why did this happen?

• What can I do to

change it?

• How can I keep this

from happening

again?

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• Ad Clicks

• Sales

• Downloads

• Trials

• Contacts /

Leads

• Signups

• Inquiries

• Visitors /

Uniques

• Time of

Interaction

• Bounce Rate

• Navigation

Funnels

• Bailout Rate

• Friends

• Followers

• Diggs

• Tweets

• Backlinks

• Bookmarks

• Clickthroughs

• Comments

• Replies

• ReTweets

• Likes

• Shares

• Posts

The “Social Schematic” Model

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The “Social Schematic” Model

Diagnosing the

leaks in the system

? ? ?

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How do

you do

that?

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URL Tracking and

Link Tagging Advanced

Segmentation Goal Funnels

What created the

traffic?

Where did they come

from and where did

they go?

How many made it to

the end?

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Step 2:

Cultivate

Your Crowd

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More Than Just Conversions

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Putting the

heart back

with the head

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Showcasing Your

Passions…

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…While Celebrating

Others

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1,000 True Fans

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“A creator, such as an artist, musician, photographer, craftsperson,

performer, animator, designer, videomaker, or author - in other words,

anyone producing works of art - needs to acquire

only 1,000 True Fans to make a living.”

“A True Fan is defined as someone who will

purchase anything and everything you produce. They will drive 200 miles to see you sing. They will buy the super deluxe

re-issued hi-res box set of your stuff even though they have the low-res

version. They have a Google Alert set for your name. They bookmark the

eBay page where your out-of-print editions show up. They come to your

openings. They have you sign their copies. They buy the t-shirt, and the

mug, and the hat. They can't wait till you issue your

next work. They are true fans.” -Kevin Kelly

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How do

you do

that?

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REACH The number that can hear you.

Fans, Friends, Followers, Visitors.

FOCUS Is my audience full of potential

influencers and true fans?

ENGAGEMENT Does my audience care?

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Checking Your RFE

•When I’m listed on Twitter, what’s

the name of that list?

•Who are the influentials in my

niche? Do they know me?

•When others link to me, what’s the

text in that link?

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Step 3:

Measure It

to Become It

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Take a

Site Health

Management

Day

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How do

you do

that?

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5 KEY METRICS FOR

YOUR SOCIAL

SCHEMATIC

5 KEY METRICS FOR

YOUR R.F.E.

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Find the

Meaning

Make a Plan

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Definition of

Insanity

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Wrapping Up

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Step 1:

Start with Conversions Step 2:

Cultivate Your Crowd Step 3:

Measure It to Become It

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QUESTIONS?

Slides will be posted to:

slideshare.net/eswayne

eswayne.com