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Monitoring Social Media, Boston October 5, 2010 Katie Delahaye Paine CEO [email protected] www.kdpaine.com http:/kdpaine.blogs.com Founding Fellow, Society for New Communications Research, www.sncr.org Member, IPR Measurement Commission, www.instituteforpr.org Are we engaged yet? How to develop your engagement metric

Monitoring Social Media, Boston October 5, 2010 Katie Delahaye Paine CEO [email protected] http:/kdpaine.blogs.com Founding Fellow,

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Internal Track: Evaluating Your Internal Communications Practices

Monitoring Social Media, Boston October 5, 2010

Katie Delahaye [email protected]:/kdpaine.blogs.comFounding Fellow, Society for New Communications Research, www.sncr.orgMember, IPR Measurement Commission, www.instituteforpr.org

Are we engaged yet? How to develop your engagement metric1Why Measure Engagement?The main reason to measure objectives is not so much to reward or punishindividual communications manager for success or failure as it is to learn from theresearch whether a program should be continued as is, revised, or dropped in favor of another approach James E. Grunig, Professor Emeritus, University of Maryland If we can put a man in orbit, why cant we determine the effectiveness of our communications? The reason is simple and perhaps, therefore, a little old-fashioned: people, human beings with a wide range of choice. Unpredictable, cantankerous,capricious, motivated by innumerable conflicting interests, and conflicting desires.Ralph Delahaye Paine, Publisher, Fortune Magazine , 1960 speech to the Ad Club of St. Louis

2 10 Signs that its the end of ROI as we know it AT&T responds to angry posts, rationally and kindly. People don't really expect a response when they do leave some obscene kind of comment like that. But you want to see why that person really said what they said. Dell has 1000 people trained to listen to customers on line 1 person --Dave Carroll (United Breaks Guitars) cost United $180Mthe cost of more than 51,000 replacement guitars. Goodwill can tie donations to specific on-line promotional activitiesUSO saw revenue skyrocket after they hired a community managerProcter & Gamble is now paying for engagement, not eyeballs Sodexo cut $300K out of its recruitment budget using TwitterHSUS generated $650,000 in new donations from an on-line photo contest on FlickrArmy video game is measurable more successful in recruiting than adsSAP made $1 million from its small business community

33Social Media Disrupts the Marketplace

CRMMKTGADV/DM/POSCustomer complaintsActivist boycottsCompetitors agendaNegative experiences4Its not just about marketing anymore

ConversationsCustomer ServiceMarketing & SalesCompetitive IntelligenceIRHR5

A measurement timeline

6The definition of timely has changedThe definition of reach has changed -GRPs & Impressions are impossible to count (an irrelevant) in social media Demographics will soon be irrelevantThe definition of success has changed -- The answer isnt how many youve reached, but how those youve reached have responded Page 7

Old School Communications21st Century RoleSocial Media renders everything you know about measurement obsolete7Old School Metrics AVEsEyeballsHITS (How Idiots Track Success)Couch Potatoes# of Twitter Followers (unless youre a celebrity)# of Facebook Friends/Fans (unless they donate money)

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8New School MetricsInfluence = The power or ability to affect someones actions. Engagement= Some action beyond zeroAdvocacy = engagement driven by an agendaSentiment = contextual expression of opinion regardless of tone ROI: Return on Investment no more no less. End of discussion9The New Engagement Decision Tree10The Phases of Engagement 121.52.53.53454.5011Why you need a Kick-Butt Index? Get clarity about what to measureYou decide whats important:Benchmark against peers and/or competitorsTrack activities against KBI over timeUnderstand the cost of perfection vs. good enough12

12The 7 steps to your Kick Butt Engagement Index Define the your KBI What are the expected results? So what if theyre engaged? What does that mean to the organization?Define the I -- Whats the investment?Understand your audiences and what motivates them Determine what you are benchmarking againstDefine the metrics (what you want to become) Pick a tool and undertake researchAnalyze results and glean insight, take action, measure again13

KPIs lead to goals

GoalStartExposureFriendsFollowers

Engagement

$$$ raised

++Metrics14Engagement leads to one of three outcomes: Marketing/leads/sales/Mission/safety/civic engagementRelationship/reputation/positioning

To fix thisOr get to this

15Goals drive metrics, metrics drive results 16GoalMetrics16Defining your Key Performance Indicators (KPIs)17You become what you measure, so pick your KPI carefullyThe Perfect KPIGets you where you want to go (achieves corporate goals)Is actionableContinuously improves your processesIs there when you need itKPIs should be developed for: ProgramsOverall objectives Different tactics

17Step 6: Pick a measurement tool Content analysis: Do they sound engaged? Listening tools for places you cant control Evaluation tools for places you can control.

Survey research: Are they aware? Do they feel engaged? Web analytics: Do they act?

18Step 6: Selecting a measurement toolObjectiveKPITool More efficient customer acquisition% decrease in cost per customer acquisition% increase in leads vs. activityWeb Analytics + CRMReduction in churn % renewal rate by activity % repeat traffic Web Analytics + CRM Engage marketplaceConversation index greater than .8Rankings % increase in engagementWeb analytics or Content Analysis: TypePad, Technorati Omniture, Google AnalyticsCommunicate messages% of articles containing key messagesTotal opportunities to see key messagesCost per opportunity to see key messagesMedia content analysis

1919Biggest trendsIntegrations of various streams of data Traditional + Social + Demographics+Web Analytics+News+ Sentiment+Influence+ConversionsPriority shifts: Online over traditionalListening vs. monitoring Correlations vs. counting Beyond tone & sentiment analysis20 Ask for money Get Commitment Manage Timing Influence decisions Get Outside help Just Say NoAnalysis - -Research without insight is just trivia21

Image courtesy of www.powerpointninja.com Look for failures firstCheck to see what the competition is doing Then look for exceptional successCompare to last month, last quarter, 13-month averageMove resources from what isnt working to what is 21Thank You!For more information on measurement, read my blog: http://kdpaine.blogs.com or subscribe to The Measurement Standard: www.themeasurementstandard.comFor a copy of this presentation go to: http://www.kdpaine.comFollow me on Twitter: KDPaineFriend me on Facebook: Katie Paine Or call me at 1-603-682-073522