Measuring Social Media Value
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Measuring the social value is a challenge for many brands. But as we discovered at the Social Speakeasy, it can be done! Barclaycard, a global credit card business, has made real advances in recent years under Lucy Wren’s guidance.
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At the immediate future
Social Speakeasy brands
talk* to brands about social
media challenges and
successes. And sometimes
share a few war stories.
Everyone at the Speakeasy
gets to meet their peers and
share insights, information
and best practice in social
media.
* [There is always a terrific guest speaker to
provoke ideas and debate ; and plenty of wine
and nibbles to keep the conversation flowing]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Measuring Social Media Value
- 1. 1Social media content strategy 2014 – Lucy Wren Measuring the social value Social Speakeasy In discussion with Lucy Wren, Head of Social Media at Barclaycard
- 2. 2 At the immediate future Social Speakeasy brands talk* to brands about social media challenges and successes. And sometimes share a few war stories. Everyone at the Speakeasy gets to meet their peers and share insights, information and best practice in social media. * [There is always a terrific guest speaker to provoke ideas and debate ; and plenty of wine and nibbles to keep the conversation flowing]
- 3. 3Social media content strategy 2014 – Lucy Wren Lucy Wren Head of Social Media at Barclaycard led the discussion at the March Speakeasy. She shared her personal experiences, tips and advice of how to monitor and benchmark social media activity to deliver ROI and ultimately prove value to the board. Pull up a chair and enjoy Lucy’s presentation…
- 4. 4Social media content strategy 2014 – Lucy Wren An old world company adopting new world social Mapping social metrics to business and marketing objectives is essential to prove the long-term value of social
- 5. 5 Business objectives and social metrics High level business objectives Profitability Brand Consumer perception Commercial and marketing objectives Ticket sales Brand Consumer perception New accounts Reactivation Usage Social metrics Page likes Favourites FollowersViews Reach Links built Fans Blog posts Subscribers Pick up LikesRetweets Shares Sentiment ClicksPosts Comments +1
- 6. 6 Objective mapping Impressions Reach On platform engagement Click through On-site engagement Transact / Behave Social platforms Own website Objectives mapped to metrics Awareness Number Awareness and audience Number | Audience Affinity | Consideration Engagement rate | specific metrics | Sentiment | Audience Consideration | Intent Number | Audience Consideration | Intent Number | Audience Transact | Use Correlation
- 7. 7Social media content strategy 2014 – Lucy Wren Change takes time... It’s a cultural change within the organisation, not just a new channel. –Lucy Wren “ ”
- 8. 8Social media content strategy 2014 – Lucy Wren The challenge remains when matching individual customers back to their efforts in social…
- 10. 10Social media content strategy 2014 – Lucy Wren Barclaycard reporting cycles: 1. Daily data, looping customer service in 2. Weekly reporting for content team 3. Monthly report for senior stakeholders 4. Quarterly overview for big trends
- 11. 11 Reactivity operating model Review sources and identify opportunities Flag Any opportunities? No Yes Production Post Monitor and respond Reporting Scope and heads up Content calendar Sign off
- 12. 12Social media content strategy 2014 – Lucy Wren Improve your impact in the digital space Get the right people and the right tools in place
- 13. The IF performance framework
- 14. 14 Join us at the next Social Speakeasy Just ping us at: