Basic Training
Unable to translate social media logistics into
valuable information? This session on Business
Intelligence highlights metrics, measurements,
social media scalability, and return on investment in
a practical way.
Attendees will leave with an understanding of how
to identify successes, and implement change to
make the most out of social media business
ventures.
Social Media Business Intelligence
It may not be
the smartest
way.
We may make
a few
mistakes
along the
way, but
nothing fatal.
What’s the objective… ULTIMATE
MORE SALES.
• Better conversion
• Thought leadership positioning / reputation management
BETTER SERVICE.
• More vehicles for communication
• Direct access to groups traditionally behind the curtain
PRODUCT DEVELOPMENT.
• Current products
• New products
Campaign: Frozen Pizza
Week One
Marketing to Organic and Vegan Food Lovers
Results:
52% Female
45% Male
3% Unsure
4,600 Likes on Facebook
Campaign: Frozen Pizza
Week Two
Marketing to Mom’s Groups & Play Dates
Results:
67% Female
33% Male
11,200 Likes on Facebook
Advertising, Campaigns, Trends, etc.
Influence Your Data
- Audience changes based on inside & outside
factors
- Advertising campaigns
- Social media apps, microsites
- Trend effects
- Platform standards and changes
Determine your KPI Metric
• Different campaigns have different
objectives.
• Identify the tools you will use.
• Record your goals / estimates separately.
• Record influencing factors and weight
them.
• Learning is always an objective.
• Review the entire metric.
Facebook:
Brand Awareness
Edge Rank formula and what you can do to manipulate
it
Reach Insights
Conversion Traffic
Bit.ly
Google Analytics
Consumer Insights
Reverse advertising
Seeded questions in posts
Polls
A/B advertising
Twitter:
Brand Awareness
Tweet Reach
Klout
Conversion Traffic
Bit.ly
Google Analytics
Customer Support
Reduction in call center calls
Quicker reaction time
―real person‖ answering concerns
YouTube:
Subscriptions
Likes
Channel Views
Individual Video Views
Links from Channel/Video to web site
Sources pointing to videos
LinkedIn:
Thought leadership positioning
LinkedIn answers
Groups
Brand page Statuses
HR
Recruitment
Lead Gen
Product section on brand pages
The Conversion Cycle
Test
Product
Capture Dialogue
Learn Interest
Contact
w/App/Si Ask for
te UGC
Entertain
Start Enter a w/ Video Push to
Dialogue Sweeps Retail
Ratios 101
Reports LIE!
Think about a simple advertising campaign.
10 people respond to an ad out of 100 targets
You yielded 10% response
Next campaign yields 5 responses out of 100
targets.
You yielded 25% response, but may show as
5%
Get $2 OFF a PIZZA Get $10 OFF a Bikini
10 people = 10% 5 people = 25%
*Audience is 100 people total (80 men, 20 women)
Measurement Tools
$ Level 1
Quantitative analysis using native app or entry level tool
$$ Level 2
Multi-platform tools, still focused on quantitative
measurement
Potentially some ability to measure qualitative /
sentiment
$$$$ Level 3
Multi-platform management separate from measurement
Focused on all platforms and cross-media campaigns
Ability to create content or devices for measurement
Definitely driving qualitative / sentiment measurement
Top-line comparison features
Ability to code reports based on individual APIs
Qualitative Measurement
• Sentiment
• Opinion
• Trending conversations
• Document level vs. aggregate level
Challenge:
―Yeah, I loved that keynote.‖
Honest? Sarcastic? Sincere? Funny?
NOT!
Recommendations
• Do not run audience building
campaigns at the same time as
engagement campaigns
• Separate engagement into distinct
areas of testing, executing, engaging
• Monitor your competition
Comparative Measurement - Complex
• Establish your own ratios
• Create a Marketplace
• Identify similar competitors and include
them in your overall measurements,
especially for comparison data.
• Traditionally known as market reach or
total market share.
• Analysis is more than reading the
numbers.
*Altimeter Group
Depending on activity vs. spend this formula may be inconclusive
(Retweets + likes + fans) / Total Campaign ―A‖ Spend
(Retweets + likes + fans) / Total Campaign ―B‖ Spend
Applying Metrics Across Platforms
Degree of measurement depends on data available and
ability to make changes that may influence the measurement.
Innovation metric can be used on blogs, forums, even YouTube
videos with training or product announcement content.
Integration with Offline Activities
Ideally, you can measure activity per audience, per content and message, per platform,
and even in online and offline activities.
The integration across AdSense campaigns vs. email and abandoned shopping carts
is reaching high sophistication with less effort. You will need to remain competitive.
Special Areas of Considerations
• Inactivity is activity – measure audiences which are not
engaging.
• Drop Point – this is the most important item for getting
users to complete the sale and it’s very measurable.
• Psychographic – better than demo and geo
• Behavioral Triggers – non—opens, abandoned carts,
etc.
• Business Alignment – Non-competitors who are great
compliments for audience
• Size Doesn’t Matter – People concentrate on bigger
numbers, sometimes that’s less important
The DROP
A key indicator of performance is the drop point. This is the
moment that you lose interaction with a consumer and they do not
complete full conversion.
• Campaigns should be structured to measure drop points.
• Usually requires multiple systems and a bit more attentiveness to
tech
Here is a potential lifecycle of a conversion
1. Social media app engagement
2. Prompt for user information *optional
3. Complete engagement of SM app such as a coupon print
4. Enticement to web and product purchase
The DROP
Here is a potential lifecycle of a conversion
1. Social media app engagement
2. Prompt for user information *optional
3. Complete engagement of SM app such as a coupon print
4. Enticement to web and product purchase
To measure the campaign above will require two tools:
- Utilize SM Native to measure original traffic
- Manual setup of each step with Google Analytics
- Utilize CouponFactory for coupon views/prints
- Track from one platform to next is a challenge
Set goals at EACH stage of the conversion
The problem with social media is that anyone can do it. RIGHT?
We get all these tools…. Native, 3rd party, integrated, …. We need to learn how to use them.
Even knowing the tools, we don’t always make the best decisions – if we’re not analytical enough.How long do you think this guy keeps his job?
Even knowing the tools, we don’t always make the best decisions – if we’re not analytical enough.How long do you think this guy keeps his job?
Learning through all the information and tools we have available to us.
----- Meeting Notes (5/23/12 08:50) -----We KNOW our demo from the offline world - and it is FIXED!
Now we may know our demographic – buyers, but are there other audience members of value?----- Meeting Notes (5/23/12 08:50) -----We collect informaton as of certain dates because you cannot always go back and get details. It's the delta / change that matters most - often.Gender, age, yes can grab; exports allow more than on screen, and even more with API measurement.
Social media app for voting may get anyone and everyone.Trend – wen can control, sometimes we can’t. H1N1 virus – everyone flocked to hospital SM sites. Can’t control.Campaign targeting mom’s we can control.Could target mom’s, but early morning, later night – different ages still.Platform to platform we’ll have different audiences.- Just because the audience platform is different.The goal is not to get the audiences to be all identical- People spend less time on FB for Pinterest? Effects you.
The type of advertising we run, changes our audience.
We see projects where clients do not set goals. Set them with #sQuantitative is easier than qualitative.Influencing factors to your success? Change messaging / ad contentWeatherRetailGeographic
Tips and Techniques:Stats such as EdgeRank – currently only 16% of people will see your post.Depends on Engagement (share, post comment, like), Post Weight (vid, photo, link, text), Recency
----- Meeting Notes (5/23/12 13:52) -----combined - Matt Feckleton Yatterbox.
----- Meeting Notes (5/23/12 13:56) -----Different platforms - are used dif types of company - products, services.
Tips and tricks – facebook advertising will yield more information than the insights screen. Yes – pay them and they’ll tell you more.
Sprout Social – Monitoring and to a degree management toolWatch various brandsFacebook Twitter Google
Social Mention attempts to get into qualitative not just quantitative measurement
----- Meeting Notes (5/23/12 13:56) -----read in between lines.most topics, reach, etc.
Audience ChangesImpression / sentiment changesResponse changesEntry point can be anywhereYou need to measure performance
Everything is a moving target.
If we don’t roll out the program in the right way it may not work.
Knock it out of the park
To make measurement a bit easier. If you must – cross platforms so you can measure engagementIf running a campaign choose intervals for measurement (pizza), weeklyMake your life easy.
The pizza bikini campaign is an example of why you need good toolsBut they cost money.
Must use 3rd party apps.We are NOT going to talk about this.
Must use 3rd party apps.
To make measurement a bit easier. If you must – cross platforms so you can measure engagementIf running a campaign choose intervals for measurement (pizza), weeklyMake your life easy.
The analysis needs to create a quality measure for the competitions activity which you can compare to the quantitative performance.
ReachLocal – Hubspot forms, b2b vs b2c.Integration with salesforce or sugar CRMEtc.
Must use 3rd party apps.
Must use 3rd party apps.Create your own measurement. Such as first responses to service inquires.
Must use 3rd party apps.
Consumer Reports – targeting younger generation, not older which made up list.It’s not a REVIEW app, but rather a BUYING GUIDETarget green tech peeps, first time parents, etc. HUGE audience getting manufacturer recall and safety noticesDid gifting app and won.Getting the conversion wins – so smaller numbers could get you there.
Learn – site isn’t what they expected, no interest in product, just discounts, only buy if couponed.HubspotOpenGraph – more sites login with Facebook because you can track the person (to a degree)
LEARN – Each step can be a goal and that will tell you how your campaign is performing EARLY WARNING!