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As presented at WebCom Montreal on November 16, 2011: The value that businesses, large and small, can achieve from social media is tremendous and includes many components. Measuring that value isn’t so tough if you’ve got the right strategy in place. In this interactive session, Jamie Pappas of Pappas Advisors will offer her strategy and tactics for addressing the question of social media ROI at any organization.
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© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
webcom Montréal
November 2011
Jamie Pappas, Principal Pappas Advisors
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Let’s Connect! @JamiePappas Pappas Advisors pappasadvisors.com [email protected]
www.jamiepappas.com
These slides will be available on SlideShare at http://www.slideshare.net/jamiepappas
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Me: @JamiePappas WebCom Montreal: @webcomMT #webcomMT
Image courtesy of: http://www.inflectovita.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved. Image courtesy of: amp agency www.ampagency.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
More than 30 billion pieces of
information are shared on Facebook
per month
51% of consumers are more likely to buy a brand after becoming a fan and 56% are more likely to
recommend the brand
50% of consumers are more likely to buy a brand after following them and 60% are more likely to recommend the brand
Source: 2011 Chadwick Martin Bailey Consumer Pulse
50% of Twitter users go online more than
once an hour
Image courtesy of: amp agency www.ampagency.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Source: Forrester Blog: “The Data Digest: Who Uses Location-Based Services?”
Social bookmarking sites are responsible for over 31% of the hits to global
websites and are an essential piece to any
SEO strategy
LBS Users are Influencers: They are 38% more likely than the average
U.S. online adult to say friends and family ask their opinions before making a purchase, and their
average household income is about $20,000 higher than non-users
Image courtesy of: amp agency www.ampagency.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Source: Quantcast and BlogPulse Image courtesy of: amp agency www.ampagency.com
There are more than 176 million
blogs on the Internet, and over 99,000 new blogs are created every
24 hours
216 million+ people visit one or more WordPress blogs
every month, viewing over 1.5 billion
pages of content
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Social Media isn’t defined by
the channels, but rather by the
consumer behaviors it
enables:
To Share “I can’t wait to show Timmy that hilarious
YouTube video”
To Gain Status “I just unlocked the mayor badge at Waldo’s Bagels.”
To Communicate “So happy you found me
on Facebook. Can’t believe it’s been ten years
since we graduated!”
Image courtesy of: amp agency www.ampagency.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Social media is not a stand alone tactic, and is not a singular point in time. It should be used as the connective tissue that links all of your outward communication efforts. An integrated social strategy serves to connect people with people and people with content at the right time.
Image courtesy of: amp agency www.ampagency.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
So, what are your goals? • Understanding and participating
in the conversation? • Listening to and learning from
customers and competitors? • Product research and
development? • Increasing brand and offering
awareness? • Enabling and recognizing brand
advocates and evangelists? • Something else?
Image courtesy of: http://1.bp.blogspot.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Images courtesy of: https://lh6.googleusercontent.com, http://orrinwoodward.blogharbor.com, http://www.corporate-eye.com, http://www.thunderwolph.com, http://seoyourblog.com
Audience • Who are we trying to reach?
• Where are they located?
Listening to the Audience • What is our audience talking about?
• What is our audience saying about us?
Conversation • How will we have a conversation?
• What value are we providing?
• Does anyone care?
Tools • What tools meet our goals?
• What is our strategy for each social media tool we plan to use?
Team • Are we committed long-term to this plan?
• What are our teams’ explicit roles?
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
• Marketing campaigns, news, conferences, product launches
• WOM and sentiment • Customer service & support • Sales leads • Product development & co-
innovation • Product research & usability • Recruitment & employment brand • Expertise and influencer chatter
Image courtesy of: http://surveyanalytics.files.wordpress.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
• Audience: How many people are we talking to?
• Views: How many eyeballs on content? • Engagement: How many interactions
with content? Do people like our content?
• Sentiment: Do people like our brand, products, services, etc?
• Referring Traffic: Are we bringing folks home?
• Share of Voice: How are we stacking up?
Image courtesy of: http://www.connectioncafe.com
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
ABC 17%
Facebook 30%
Flickr 0%
LinkedIn 35%
TwiKer 12%
YouTube 6%
65,000,000 80,000,000
Q4 Q3
-‐ 100,000 200,000 300,000 400,000 500,000
Social Engagement
Social Views
Social Audience
Referring Traffic Total Referrers: 12,345
Conversational Locations Share of Voice Total Mentions: 15,239
10.6%
10.0%
25.1%
Oct ‘11
100,000,000
Sept ‘11
#webcomMT @JamiePappas
© Copyright 2012 Jamie J. Pappas & Pappas Advisors. All rights reserved.
Clearly defined goals and KPIs
Strategy in support of your goals
Engagement & conversation
Monitoring real time
Measuring over time
You need to monitor or “listen” real-time to understand performance and adjust…
Images courtesy of: http://www.sopalatina.net