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Web 2.0 SF March 29 2011 Measuring the Future: New Metrics for New Media @margaretfrancis #smm #measure #w2e
Warranty Cards: Genius!
Media Measurement, 1990 Sale! Media Targeting TV Print Post-Purchase Information Market Research OOH Warranty Card Radio Telephone Surveys WOM Credit/ Payment Info Focus groups Mail
Web 1.0
Media Measurement, 1990 Online Display Search Clicks Page Views Sessions Registra-tions Opt-ins Conver-sions TV Print OOH Warranty Card Radio Telephone Surveys WOM Credit/ Payment Info Focus groups Mail
The more digital our communications get, the more trackable our interactions and transactions, the higher our expectations of measurement
Media Measurement, 2010 Comment Blog Post Post Digg Make video Share Tweet Re-Tweet Fan Like Review Book mark Rate Online Display Search Clicks Page Views Sessions Registra-tions Opt-ins Conver-sions Telephone Surveys Warranty Cards Radio TV WOM Print Focus groups Credit / Payment Info OOH Mail
What we measure
SOME “SOCIAL” METRICS
Ford Explorer “Reveal,” July 2010
“You also probably recall Ford’s ambitious 2011 Ford Explorer Reveal. The car maker decided to forgo the auto show and reveal its new car on the web, with Facebook as the centerpiece of the company’s online reveal strategy. The campaign proved to be more successful than anticipated. On reveal day, Ford produced the number one trending topic on Twitterin the U.S.; the Explorer was the number two most searched for term on Google; Ford’s YouTube reveal video garnered 11,000 views; more than 50,000 Ford Explorer Facebook “Likes” flooded in; and, perhaps best of all, 25,000 potential car buyers built and priced new Explorers on the company’s website.” Mashable, “Top 5 Emerging Brand Trends on Facebook,” September 28, 2010
Is that good?
Measure strategy,  not stuff
FOUR KINDS OF APPLIED METRICS  Brand Perception  Marketing Efficiency  Revenue Growth  Support Savings
Think KPI Not ROI
BRAND PERCEPTION METRICS Social Media participation is necessary to create and maintain brand reputation Sentiment  Brand equity Thematic/ perceptual maps; cluster analysis   PR functions/ crisis control  Media relationships Influencer relationships Customer satisfaction Likeliness to buy Likeliness to recommend (NPS)
MARKETING EFFICIENCY METRICS Social Media is an effective way to create awareness of and interest in products and services  SEO Improved rankings Reach Followers Fans Forwards Invites Word of Mouth Shares RTs Research Defrayed/ reduced cost of surveys, focus groups, panels, testers, and secret shoppers
REVENUE GROWTH METRICS Social Media is an effective way to drive sales  Relationships that could become leads Members, Registrants, Fans, downloaders, subscribers, followers, bookmarkers, commenters Leads People that have expressed an interest in your product in the public domain and that you can follow up with  Sales  Tracked from links promoted via social media channels Tracked via promo codes and offers
SUPPORT SAVINGS Social Media is an effective way to service our customers (or let them self service themselves) Content creation: user generated vs. company generated  Ratings & Reviews  Forums Groups Support case metrics Cases per channel Response times per channel Wait time per channel Resolution rate per channel Customer sat per channel  Call center costs defrayed
Know what you’re counting  (and what you’re not)
Paid/ Earned/ Owned
Roll it up
Assembling Metrics into KPIs (Courtesy of Edelman) Attention Engagement Authority Influence Sentiment Measurement ,[object Object]
Impressions
Page Views
Media Consumption
Total Interactions
Fan Photos/Videos
Post Quality
External Links to Content & Discussion
Total “Likes”
Subscribed “Likes”

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Measuring Social Media with New Metrics

Notas do Editor

  1. Metrics are meant to inform strategy, not replace it