Measuring the success of social programs is one of the biggest challenges facing marketers today. Which metrics should brands use to measure success? And how do these metrics tie back to broader marketing objectives? At the 2009 SMX East Conference, 360i's David Berkowitz shared his insights on these issues as an expert on the Analytics for Social Media panel. David, our Senior Dir. of Emerging Media & Client Strategy, explained how marketers can use Key Conversation Indicators (KCIsSM) to meet and measure their online goals.
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Analytics for Social Media: Making Sense of Key Conversation Indicators
1. Analytics for Social Media: Making Sense of Key Conversation Indicators David Berkowitz Senior Director of Emerging Media & Innovation 360i 212.703.7257 [email_address] blog.360i.com / MarketersStudio.com Twitter: @dberkowitz Download this PPT at bit.ly/smxsocial
8. Younger males are more likely to be more active in the online space and most attractive target 38.1 MM 5.8 MM Males 18-34 HHI: < $100K Any College OR College Grad Source: 360i analysis of Nielsen @Plan; Summer ‘09; comScore MediaMetrix Jun 2008 – Jun 2009 Males 18-54 TARGET CONSUMER 5.8 MM Males 35-54 HHI: $75K+ College Grad
9. The younger social media participants are more likely to create content online Source: Data from Forrester Research Technographics® surveys, 2008 Forrester Technographics Definitions : Creators: publish blogs, upload user generated videos, etc. Critics: post ratings and reviews, comment on blogs, etc. Males Ages 18-24 Males Ages 24-34 INDEX ( All Adults = 100)
10. Newbie Nick is highly engaged in social media as an active participant Visited a blog (yesterday) Source: 360i analysis of Nielsen @Plan – Men ages 18 to 34, Any College or College Grad, HHI <100K; July 2009 Made a post on Forums/Groups/Boards - (Yesterday) Publish/Own a Blog Made a comment or post on Social Network (yesterday) Viewed consumer generated video (yesterday) Technology News (yesterday) Travel – Plan Business Trip (last 30 days) Finance/Business News (yesterday) Online Games -Casino Gambling (last 30 days) 164 index 261 index 104 index 248 index 202 index 242 index 133 index 212 index
11. Travel influencers are most vocal and can influence broader audiences Car rental shopping (online last 6 months) Heavy car rental spender (online last 6 months) 22.6 MM 7.9 MM Heavy car rental spender (online last 6 months) AND travel services influencer Source: 360i analysis of Nielsen @Plan; Summer’09; TARGET: INFLUENCER 1.0 MM
13. Twitter represents the largest source of mentions for Client Source: 360i Analysis of the social media landscape, September 2009 ANALYSIS BY MEDIA TYPE FOR CLIENT BY # OF POSTS (AUGUST 2009) Note: Social Network conversations are underrepresented due to privacy restrictions
14. Blogs have the majority of reach when posts are weighted by impressions ANALYSIS BY MEDIA TYPE FOR KEY CLIENT CONVERSATIONS BY # OF POSTS AND IMPRESSIONS (MARCH 2009 – JUNE 2009) Source: 360i Analysis of the social media landscape, August 2009 By # of Posts By # of Impressions
15. People are sharing and asking advice to make informative purchase decisions about Client ONLINE CONVERSATION ANALYSIS FOR CLIENT BY # OF POSTS Source: 360i Analysis of the social media landscape, Jan. - Jun 2009 Sample size 150 blog posts, board posts, micro-blogs & comments
16. Most discussions are about the experience getting the car and the shopping process ONLINE CONVERSATION ANALYSIS FOR CLIENT X SERVICE EXPERIENCE BY # OF POSTS (MARCH 2009 – JUNE 2009) Source: 360i Analysis of the social media landscape, August 2009 Sample size 150 blog posts, board posts, micro-blogs & comments People discuss booking as part of their shopping process. E.g.: “ I just booked a rental car from Client X from Costco travel link on weekend rental, Saturday rental is required. Starting with $10 per day on compact. My 3 day midsize rental came out to be $52, tax included.”
17. When weighted by impressions the positive posts become more prominant ONLINE CONVERSATION ANALYSIS FOR CLIENT SERVICE EXPERIENCE BY # OF IMPRESSIONS (MARCH 2009 – JUNE 2009) Source: 360i Analysis of the social media landscape, August 2009 Sample size 150 blog posts, board posts, micro-blogs & comments Shopping process and overall experience with the car become more important because of the greater reach
18. Getting the Car| Customers demand good customer service and the car they reserved ONLINE CONVERSATION ANALYSIS FOR GETTING THE CAR BY # OF POSTS (MARCH 2009 – JUNE 2009) Source: 360i Analysis of the social media landscape, August 2009 Sample size 150 blog posts, board posts, micro-blogs & comments
19. In shopping conversations for Client, many are spreading the word but are not necessarily buying PURCHASE FUNNEL ANALYSIS FOR CLIENT ONLINE CONVERSATIONS Source: 360i Analysis of the social media landscape, April/May 2009 Sample size 150 blog posts, board posts, micro-blogs & comments Advocates are spreading the word, but they do not say if they actually bought or intend to buy
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21. Client has the most positive buzz among the competitors examined FAVORABILITY ANALYSIS OF ONLINE CONVERSATIONS FOR CLIENT Z AND COMPETITORS Source: 360i Analysis of the social media landscape, April/May 2009 Sample size 150 blog posts, board posts, micro-blogs & comments
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Editor's Notes
Started dialogue Summer months Twitter rise Setting benchmark
Note: A heavy car rental spender has spent over $250 on renting cars in the past 6 months