Please join us for this free webinar featuring eMarketer CEO Geoff Ramsey, co-author of the new book "Digital Impact: Two Secrets to Online Marketing Success," as he outlines creative approaches for engaging with consumers and shares proven techniques for measurement that work for every digital channel.
9. “ The challenge is: ‘Prove to me that marketing works’… that the investments are paying back in both short- and long-term deliverables.” --Bob Liodice, CEO, ANA
10. The most commonly used metrics (CTR/time spent) cannot be used by themselves The industry has not come up with a common definition of engagement that is aligned with business results and ROI. Performance measurement online : know the right metrics framework
15. “ We need to create experiences , not just sponsor content.” --Frank Cooper, CMO, Pepsi “ Marketers are focusing on creating Magnetic Content – so entertaining, relevant, informative or useful that it demands the consumer’s time and attention.”
29. Use “paid media” (e.g., display ads) to drive consumers to your Magnetic Content
30. Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Time on Page Page CTR Circular Paths Exit Rate Time on Page Page CTR Circular Paths Exit Rate Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate How do we optimize traffic? Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Does the media drive high quality traffic? Time on Page Page CTR Circular Paths Exit Rate How do we improve our creative? Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comments Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Time on Page Page CTR Circular Paths Exit Rate Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Do we have the right site content? Time on Page Page CTR Circular Paths Exit Rate Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Is site navigation working as intended? Time on Page Page CTR Circular Paths Exit Rate Click-Thru Rate Cost Per Lead Cost per Click View-Thrus Reach Interaction Rate Leads Frequency Impressions Share of Voice Downloads Conversion Rate Comment Forward Return Visits Bounce Rate Time on Site Page Views Video Views Registration Rate Evaluating online ads Time on Page Page CTR Circular Paths Exit Rate Too many metrics… big challenge is deciding the right metric
31. Start with right measurement framework Perceptual & Behavioral Outcomes Financial Outcomes Marketing Investment LINKAGE LINKAGE LINKAGE Financial/business metrics used to quantify business performance Low level measures related to the performance of individual channels Higher level metrics that capture engagement, as well as brand health and changes in customer preference and perceptions Twitter: #eMwebinar @geofframsey
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34. Engagement Score aligned to the objectives of the content Recommend, referrals Profiles, Upload pictures Send to friend, Social media Signup, Email, Coupon, WTB Rate, Vote, Add comments Play videos, Demos Content, Pictures HIGHER VALUE LOWER VALUE Engagement Value Continuum Advocate ILLUSTRATIVE ENGAGEMENT
35. Applying Engagement Score to a Microsite Engagement Index Methodology 1 Point 1 Point 1 Point 1 Point 1 Point 2 Points 1 Point 2 Points 3 Points 3 Points 2 Points 3 Points 1 Point 2 Points 2 Points 1 Point 1 Point 2 Points Twitter: #eMwebinar @geofframsey
42. Social media spending will continue to explode in 2011 10% of total US online ad spend
43. Social media spending will continue to skyrocket in 2011 10% of total US online ad spend 33% of display impressions* 17% of display ad dollars** *comScore, 2011 **eMarketer, 2011 It ’ s less about buying social media, and more about how you can earn and own it! It ’ s all a matter of TRUST Consumers trust each other more than they do marketers
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47. “ By listening carefully, we harness social media as an early alert system...so we can react quicker to issues.” --Richard Brinhammer, Dell “ Warning! Warning!”
50. Focus on Your Brand Enthusiasts: Prospects Customers CORE Find them via Social Media Nurture them carefully Empower them to share
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52. % of marketers who say their ability to measure ROI for media channel is “good” Social media 19% Paid search 54% N = 567 global marketers,2010 E-mail marketing (acq) 53% Online display 37% TV 21% Newsp/Mags 20%
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54. Applying our framework to social media Perceptual & Behavioral Outcomes Financial Outcomes Marketing Investment LINKAGE LINKAGE LINKAGE
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57. *Transcend individual social channels Efficiency Metrics of Cost per X : Cost per fan/friend/follower/member Cost per comment/tweet Cost per brand perception lift Cost per increase in purchase intent # of Qualified Leads Sales/Purchases ROI III. Financial*
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59. Once you have the right set of metrics, can you get to ROI? Access to a purchase is required Visibility into Purchase through: a) Self-reporting (surveys) b) Matching to transaction database c) Capturing online purchases
60. Calculating ROI for social media: VALUE for Exposed Group VALUE for Control (not exposed) Group Fully Loaded Costs X 100%
61. ROI approach illustrated with an example Consumers Incremental Sales Lift Incremental Revenue Cost ROI Value $1,480,449 6 to 1 77,753 $10,457,414 500,000 Profit $8,019,414 Primary goal Acquire new prescriptions Incremental sales from test sales data obtained from panel Approach Used panels for, incremental prescriptions Prescriptions X price Price X margin Loaded costs Profit/costs Unique visitors Viewing content
67. Create Your Own Virtual Social Media Monitoring Room…With Real Time Response
68. Create Your Own Virtual Social Media Monitoring Room…With Real Time Response Using predefined business rules, you can respond with a Tweet of your own, inviting the customer to chat with a representative to resolve their issue in real-time: A customer shares feedback on Twitter:
69. LivePerson can help you engage with your digital customers! Connect with us… www.liveperson.com www.facebook.com/LivePersonInc @liveperson User: LivePersonCommunity
70. Secrets to Online Marketing Success Questions & Answers Registrants will receive an email tomorrow that includes a link to view the deck and webinar recording. For more discussion, please join us after the webinar on LinkedIn. Search for the eMarketer Group and click on Discussions. To learn about eMarketer Total Access please visit www.emarketer.com/products or contact us: (800) 405-0844 or [email_address] Digital Impact: The Two Secrets to Online Marketing Success – Now Available Twitter Hashtag: #eMwebinar Sponsored by : Presented by: Geoffrey Ramsey CEO & Co-Founder, eMarketer, Inc.
Editor's Notes
The web is unique in its ability to brand AND act as a direct response vehicle that can even lead to direct sales. On the web, every computer terminal is a potential point of purchase. The question is: what are your objectives?
Exposure metrics relate to the short-term aspects of the campaign Strategic metrics capture the strategic, longer-term marketing objectives of customer and brand growth Financial metrics quantify the ROI, or financial outcomes of the marketing activity
Qualified reach involves some level of interaction or engagement on the part of the consumer. It captures some basic level of interest or intent.
Eventually, you could calculate Lifetime Value of a customer that comes in via Social Networks.