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The 8 Common Types of Social Media Goals & How to Measure Them Presented by: Taylor Pratt | @RavenPratt Raven Internet Marketing Tools slideshare.net/raventools
The key to social media success is  understanding your audience.
Nielsen’s State of the Media: The Social Media Report http://raven.im/nielsensm
 
Nearly  4 in 5  active Internet users visit social networks and blogs.
70%  of active online adult social networkers shop online,  12%  more likely  than the average adult user
Socially engaged consumers spend  20 to 40% more  than other customers
53%   of active social networkers follow a brand
 
How do consumers access SM? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Are you ready?
Are you  ready?
What is the  ROI  of social media?
According to Oliver Blanchard, you’re asking the  wrong  question.
What is the ROI of  [insert activity here]  in social media? Oliver Blanchard The BrandBuilder Blog Author of  Social Media ROI
Brand awareness Goals
Brand Awareness Brand Recognition Share of Voice Reach Engagement
What’s your value add? Wal-Mart: Low Prices Southwest Airlines: Freedom  Harley Davidson: Rebellion
The key to measuring brand recognition:  word trends
 
To measure Share of Voice  compare brand mentions  to competitors.
[object Object],[object Object]
To measure Engagement,  measure participation .
[object Object],[object Object],Engagement =  Engagement [Social Network] Interactions Total Views
To measure Reach,  compare  audience participation to your audience reach.
[object Object],[object Object]
Customer oriented goals
Customer Oriented Goals Customer Support Brand Sentiment Brand Advocates Product Development
Measuring Customer Support Reduction in Support Costs Reduction in On-Site Support Increase Resolution Rate Improved Customer Satisfaction Increase Resolution Rate Leads Generated by Support
Measuring Brand Sentiment Sentiment by volume of posts and impressions Number of positive reviews generated Number of mentions of your brand’s value add Average resolution time to reputation crises
[object Object]
[object Object]
[object Object]
Measuring Product Innovation Number of new product ideas Number of new product ideas built R&D time saved Traditional research cost savings
[object Object],[object Object],[object Object]
[object Object]
[object Object]
Create a Scorecard Advocate Share of Voice Reach Topics Customer Overlap Peter Parker 5% 50,000 Arachnoids, Red Heads, Goblins Medium Hulk Hogan 2% 25,000 Tank Tops, Weight Lifting High Eric Cartman 12% 120,000 Cheesy Poofs, Racial Slurs Low
[object Object]
[object Object]
[object Object]
Thank You! Taylor Pratt | @RavenPratt Raven Internet Marketing Tools slideshare.net/raventools

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The 8 Types of Social Media Goals and How to Measure Them

  • 1. The 8 Common Types of Social Media Goals & How to Measure Them Presented by: Taylor Pratt | @RavenPratt Raven Internet Marketing Tools slideshare.net/raventools
  • 2. The key to social media success is understanding your audience.
  • 3. Nielsen’s State of the Media: The Social Media Report http://raven.im/nielsensm
  • 4.  
  • 5. Nearly 4 in 5 active Internet users visit social networks and blogs.
  • 6. 70% of active online adult social networkers shop online, 12% more likely than the average adult user
  • 7. Socially engaged consumers spend 20 to 40% more than other customers
  • 8. 53% of active social networkers follow a brand
  • 9.  
  • 10.
  • 11. Are you ready?
  • 12. What is the ROI of social media?
  • 13. According to Oliver Blanchard, you’re asking the wrong question.
  • 14. What is the ROI of [insert activity here] in social media? Oliver Blanchard The BrandBuilder Blog Author of Social Media ROI
  • 16. Brand Awareness Brand Recognition Share of Voice Reach Engagement
  • 17. What’s your value add? Wal-Mart: Low Prices Southwest Airlines: Freedom Harley Davidson: Rebellion
  • 18. The key to measuring brand recognition: word trends
  • 19.  
  • 20. To measure Share of Voice compare brand mentions to competitors.
  • 21.
  • 22. To measure Engagement, measure participation .
  • 23.
  • 24. To measure Reach, compare audience participation to your audience reach.
  • 25.
  • 27. Customer Oriented Goals Customer Support Brand Sentiment Brand Advocates Product Development
  • 28. Measuring Customer Support Reduction in Support Costs Reduction in On-Site Support Increase Resolution Rate Improved Customer Satisfaction Increase Resolution Rate Leads Generated by Support
  • 29. Measuring Brand Sentiment Sentiment by volume of posts and impressions Number of positive reviews generated Number of mentions of your brand’s value add Average resolution time to reputation crises
  • 30.
  • 31.
  • 32.
  • 33. Measuring Product Innovation Number of new product ideas Number of new product ideas built R&D time saved Traditional research cost savings
  • 34.
  • 35.
  • 36.
  • 37. Create a Scorecard Advocate Share of Voice Reach Topics Customer Overlap Peter Parker 5% 50,000 Arachnoids, Red Heads, Goblins Medium Hulk Hogan 2% 25,000 Tank Tops, Weight Lifting High Eric Cartman 12% 120,000 Cheesy Poofs, Racial Slurs Low
  • 38.
  • 39.
  • 40.
  • 41. Thank You! Taylor Pratt | @RavenPratt Raven Internet Marketing Tools slideshare.net/raventools

Editor's Notes

  1. Created using TweetCloud.com From Arienne: The words that customers use in social spaces give you significant insight about how they think—and feel—about your product or services. If you mine social media conversations for word trends, you'll probably be surprised by the results. But surprise or not, you can learn exactly what action to take in your marketing campaigns.
  2. Semphonic recommends building scorecards for competitive analysis