San Diego IABC Communications ROI Presentation June 19 2013
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Measuring and Demonstrating Value in Communications and Marketing We all know how difficult it can be, but also how important it is, to measure and showcase the value of our communications. Do your efforts have any impact on your company's bottom line? And how can we use this information to continue to improve and refine our communications strategies? This presentation provides an overview of how to ensure communication effectiveness and demonstrate value using proven research methods that give you the metrics you need to show ROI. Case studies, do-it-yourself strategies, and professional research methods are presented. Presented by Kirsty Nunez, President of Q2 Insights, Inc., a marketing research firm with offices in San Diego, CA and New Orleans, LA. Kirsty’s graduate education is in research psychology (MA) and applied statistics (MSPH). A career market researcher and innovation facilitator, Kirsty has more than 25 years of qualitative and quantitative research experience directing projects for a diverse group of local, regional, national and international organizations.
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San Diego IABC Communications ROI Presentation June 19 2013
- 1. Measuring and Demonstrating Value in Communications and Marketing Presentation to IABC San Diego Kirsty Nunez Q2 Insights, Inc. June 19, 2013
- 3. Communication campaigns are designed to change the awareness, attitudes and behaviors of populations across a variety of domains.
- 4. Return on Investment (ROI) is a financial concept that describes the ratio of earnings divided by the costs associated with generating the earnings within a timeframe. It is often expressed as a percentage. Income Cost Return on Investment
- 5. In reality few communications campaigns can be measured using financial ROI.
- 6. Return on Communications (ROC) must include metrics that measure awareness, attitudes and behaviors and, in some cases, financial ROI.
- 7. Principals for ROC Measurement Adapted from ROI in PR Measurement: Developing a Practical Strategy Mike Daniels, Senior Consultant, Report International Ltd Chairman, AMEC, March 2012 Measure the effect on outcomes and not just outputs Business results should be measured when possibleDigital metrics (web, email, soc ial media) can and should be measured Attitudinal or behavioral change Web traffic, social engagement and media coverage Set Campaign Objectives Transparency and ability to replicate are essential to measurement
- 8. Key Elements of ROC
- 9. Return on Investment Awareness, A ttitude and Behavior Metrics Digital Metrics Business Metrics
- 10. Communications Value Measurement Return on Investment (ROI) Awareness, Attitu de & Behavior Metrics Digital Metrics No Financial Outcomes With Financial Outcomes No Financial Outcomes With Financial Outcomes Internal Communications External Communications Business Metrics
- 11. Planning for Measurement of ROC
- 12. Define campaign objectives Identify desire outcomes Define the audience Describe the communications methods Steps in Measuring ROC • Calculate ROI if appropriate • Conduct a comparison study to measure awareness, attitudes and behaviors o Pre / Post o Test / Control • Obtain digital and business metrics Identify the metrics
- 13. Define the Campaign Objectives Inform New News (New Product, New Location) Increase Awareness Communicate Positioning Recognition and Appreciation Employee Communication Persuade Impact Volumes (Sales, Traffic, Leads) Manage Issues Change Attitudes and Behaviors Increase Attendance Fight Off Competition Employee Recruiting Employee Retention Stock Value Policy Change Remind Reinforce Branding Reinforce Loyalty Reinforce Retention Reinforce Behavior Safety
- 14. Identify Desired Outcomes Awareness Understanding Attitude Change Behavioral Change Mobilization Public Support Policymaker Support
- 15. Define the Audience Consumers Business Customers Employees Stockholders Policy Makers The audience may be based on demographics, psychographics, behaviors, attitudes or a mixture.
- 16. Describe Communications Methods Broadcast Direct Mail Website Social Media Email Mobile Coalitions, Advocacy
- 17. Define the Metrics Measures may be drawn from campaign objectives, output, outcomes and communications methods, for example: Area Output Metric • Identify number of direct mail pieces sent • Number of influencers advocating safety goggle message Outcomes • Assess awareness of when to use safety goggles • Determine the extent to which safety goggle usage increased • Identify number of eye-related injuries Communications Methods • Assess relative importance of communications methods (direct mail, email, website, social media) in conveying safety goggle message
- 19. Recommended Measurement Tools Return on Investment (ROI) Focus Groups Pre/Post Survey or Test / Control Survey Depth Interviews Digital Metrics Employee and/or Management Advisory Teams Business Metrics
- 21. Focus on one campaign and not all communication activity Steps in Calculating ROI – Total financial value of new sales, increase in share price, reduction in accidents, etc. – Include revenue generated, cost savings and cost avoidance – Survey can be used to help clarify areas communications can legitimately claim – Err on the side of underestimating rather than over estimating – Include staff costs, production costs, and the cost of research Calculate “income” generated by communications campaign “Discount” the total income by estimating the percentage of income for which communications might legitimately take credit Calculate the cost of communication campaign Divide discounted income by the cost of the communication campaign and multiply the result by 100 to obtain a percentage Work with finance department to refine your ROI calculation
- 22. Return on Investment (%) (Income / Cost) × 100 Return on Investment (Income - Cost) / Cost Return on Investment Calculation
- 23. Awareness, Attitude and Behavior Metrics (Survey)
- 24. Pre- and Post-Test Design Pre-Test Communications Campaign Post-Test
- 25. Pre- and Post-Test Design Post-Test Pre-Test Difference
- 26. Variations on the Pre- and Post Design Pre-Test Mid- Campaign Post-Test
- 27. “Test”/ Control Study Design Communications Campaign Survey No Exposure to Communications Campaign Survey Campaign Audience Matched Controls
- 28. Pre /Post and Test/Control Design Pre-Test Communications Campaign Post-Test Pre-Test Post-Test Campaign Audience Matched Controls
- 29. Digital Metrics
- 30. Digital Metrics Applicable to multiple digital platforms, including Websites and blog sites. • Organic Search Rank • Blogs • Rating Sites • Shares, Likes • Unique Site Visits • Page Views • Average Time on Site • Bounce Rate • Rate of Return Visits • New Versus Returned Visitors • Visits • Average Pages Per Visit • Average Time on Page • Page Path • Number of Bookmarks • Content Clicks • Click Through Conversion • Number or Volume Sold • Engagement (Registration, Email Signup, Game Play, Document Download, Form Submission, Send to a Friend, Share, Like) Impressions Offsite Visits to Site Visits to Goal Pages Conversion
- 31. Applicable to multiple digital platforms, inclu ding Websites and blog sites. Digital Financial Metrics Cost Per Click (CPC) Visits Per Action / Acquisition (CPA) Cost Per Impression (CPM)
- 32. Email Metrics Similar to digital metrics with offsite exposure via email. Email Engagement Open Rate Click Through Rate Content Area Clicks Link Clicks Forward Opt-outs Visits to Site Visits to Goal Pages Conversion
- 33. Key Social Media Metrics Metric Description Tool Referral from Social Conversion Rate Social Influence Score Post Virality Track referral from each social channel Social referral to website Social influence # of stories / # of unique people the post reached Google Analytics Social Tab Google Analytics Facebook Klout and Kred
- 34. Business Metrics
- 36. Hypothetical ROC Summary for Management
- 37. 2% Hypothetical Success Metrics Dashboard Communications Return on Investment (ROI) Business Metrics Digital Metrics Awareness, Attitudes and Behaviors Metrics (Survey) 39% 27% 14% Inquires Increase Total Awareness Increase Income / Cost ------------------- Cost Attributable to communications campaign4% Sales Increase 12% Call Center Decrease 18% 8%40% Increase YouTube Followers 3,064 Email Signups 15,016 Visitors Landing Page Brand Preference Increase Call Center to App Behavior Change App Usage
- 38. Case Study
- 39. Utility Outage App Promotion Campaign Objectives Desired Outcome Target Audience Communications Methods • Inform: availability of app for outage information • Persuade: use of smart phone app for outage information • Download and use of app for outage information • Reduce volume of call center calls • Improve brand loyalty Residential customers in four states Bill insert, Email, Facebook, YouTube Video, and Call Center
- 40. Pre / Post Study Design • Awareness and Usage • Communication Utility Outage App Promotion Return on Investment Awareness, Attitud e and Behavior Survey Digital Metrics Business Metrics Digital and social measures Number of downloads, duration of usage , frequency of usage, affect on Lifetime Value, impact on call center • Behavioral Change • Attitudinal Change
- 41. Outage App Success Metrics Return on Investment Business Metrics Digital Metrics Awareness, Attitude and Behavior Metrics (Survey) 31% 37%21% 12% Decrease Uptick in app downloads Indicate “will feel” part of communication Call center volume tracked to four-week campaign Unprompted awareness in smart phone app
- 42. Do It Yourself
- 43. When To Do It Yourself • Small scale and low profile communications campaign • Lower budget • Time consuming to educate a vendor about the business or the campaign • Opportunity to create hands-on involvement amongst the team
- 44. When Not To Do It Yourself • Potential bias due to emotional involvement in brand and stakeholders • Lack of expertise, training and experience • Significant project management time and expertise required • Significant project depth and breadth • Limited knowledge of one or more of four metrics (ROI, Survey, Digital Metrics or Business Metrics) • Unaware of resources available
- 45. • Google Analytics • Social Tab • Social Mention • Facebook • Twitter • Klout and Kred Do It Yourself Resources Awareness, Attitude and Behavior (Survey) Digital Metrics • SurveyMonkey (surveymonkey.com) • American Association for Public Opinion Research (AAPOR) (appor.com)
- 46. Thank You
- 47. Thank You Q2 Insights, Inc. San Diego 2236 Encinitas Blvd, Suite H Encinitas, CA 92024 Phone 760-230-2950 Fax 760-230-2951 New Orleans 5001 E. Hwy 190 Service Road, Suite D-3 Covington, LA 70433 Phone 985-867-9494 Fax 985-867-9936 Q2Insights.com info@q2insights.com
Notas do Editor
- Internal Communications / No Financial Outcomes: Employee involvement, encouragement, engagement, relationship building, sharing best practices, building organizational trustInternal Communications / Financial Outcomes: Employee retention, safetyExternal Communications / No Financial Outcomes: Get out to voteExternal Communications / Financial Outcomes: Promotion of products and services
- Communications campaigns are designed to impact behavior by informing, persuading and reminding.