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Social Media: The Real Return
    On Investment (ROI)
         December 2010
Introductions




                                        What do you hope to
                                        learn from this
                                        session?


   Me!
         Andrea Berry
Director of Partnerships and Learning
             Idealware
If I Asked You….
…Would You Panic?

             Compared    Are we doing
              to what?    what we’re
                         supposed to
                          be doing?
  Working
 for what?


                               What are
                               we doing
                                again?
But What If I Asked You…




                       Easier, huh? Why is that?
Measuring Social Media
Defining Goals and Tactics
The Importance of Goals


                          Without goals, it’s
                          impossible to measure
                          success.

                          Goals let you define what
                          success means.
Some Social Media Goals

     Boost attendance at performances

        Attract new volunteers


           Connect with new major donors


               Move subscribers to donate


                    Recruit new students for classes
NOT Useful Social Media Goals

     Increase awareness


        Make website more interactive


           Keep in touch


                Have a Facebook presence
Tactics Help You Accomplish Goals
They define what you’re going to do


                                      Creating a Facebook page

                                      Tweeting about an
                                      upcoming event

                                      Developing a new blog

                                      Posting photos from a rally
                                      to a photo sharing site

                                      Maintaining a video channel
Good Goals Encourage Integration
Goals help you choose and integrate different tactics




 Twitter:             YouTube:                Facebook:
 Promote upcoming     Post previously         Outreach to new
 events               recorded shows          audiences



                                Or blogs, Flickr, LinkedIn or more…
Quick Discussion


What are your social media goals?




                                    Let’s discuss!
Defining Metrics
Measurement is Key

                     If you can’t measure it,
                        it’s impossible to
                        know:

                     • Is it working?
                     • Is it worth your time?
                     • What you can do to
                       improve it?
What Types of Things Can You Measure?


         Followers                Views



                 Engagement


                     Conversion
                         .
                         .
Followers


            The number of
            people who choose
            to follow the
            information you
            provide
For Instance….




     Twitter followers        Facebook fans




                   RSS subscribers
What Does It Measure?




Your reach into the
world

The increase in
people who care
what you say
Views




        The number of people who
        look at your resources
For Instance….



    Video views
                            Facebook page views




                  Clicks on a Bit.ly link
What Does It Measure?


 How many people
 make use of your
 information

 A reasonable proxy
 for your impact on
 people’s knowledge
 and feelings
Engagement


             The number of
             people who comment
             on, forward or post
             their own resources
For Instance….




Number of comments
                     Forwards




 Retweets            Online mentions
What Does It Measure?




 How interested are people in the
 information or community?

 Do they feel a sense of connection to it?
Conversion


             Are people actually
             doing things that help
             your organization?
For Instance….




  Buying tickets           Donating




  Signing up for classes   Volunteering
What Does It Measure?




                        Ultimately, the best
                        measure of whether your
                        communications have
                        organizational impact
Measure Your Results
Some Results are Directly Measurable
Website analytics can tell you how many people came to
your website from Facebook or another source
Some Can Only Be Inferred

The “lift” shows the approximate effect of a communication
Quantifying Your Results
Many results can be (eventually, perhaps indirectly) tied to
monetary results
Some Can’t Really Be Quantified
Not everything is measurable in the short term – for instance,
brand awareness, or building your reputation




                  Are you comfortable with this investment?
For Example
Boosting Attendance
Goal: Increase attendance at next week’s performance

                              Measures
                              • Number of views of Facebook
                                events (Views)
                              • Number of positive RSVPs
                                (Engagement)
                              • Lift in audience numbers
                                (conversion)
                              • Those who tell the box office
                                they heard about the event on
Tactic: Promote Event
                                Facebook (Conversion)
on Facebook
Inspiring more donations
Goal: Encourage current subscribers to donate

                            Measures
                            • Click-throughs, or number
                              of video views (Views)
                            • Number who pass on the
                              video (Engagement)
                            • Lift in donations
                              (conversion)
 Tactic: Email a link to
 a video that describes
 your education work
 and solicits donations
Changing Hearts and Minds
Goal: Rally people to support arts in the schools

                                   Measures
                                   • Blog subscribers
                                     (engagement)
                                   • Subscribers to affiliated
                                     email list (engagement)
                                   • Blog readers (views)
                                   • Comments and references
 Tactic: Launch a blog               (engagement)
 that covers arts                  • Those who make a call to
 education news and                  a politician when asked
 success stories                     (conversion)
Some Tools to Help You
      Measure
There’s Lots of Methods to View Metrics




         You’ll need to decide what methods work for you
Facebook Insights
See who’s looking and interacting with your Facebook page
Measuring Twitter using HootSuite
See who’s looking and interacting with your on Twitter
Out-of-the Box Dashboards
Automatically search a number of sites and sources




addictomatic.com                   socialmention.com



                          Paid services like Radian6, BuzzLogic, and
                           Neilson Buzzmetrics can help (for a price)
Or Create Your Own!
Subscribe to the “Feed” for each search...




                             Usually, look for this icon:
And pull it all into one place




 Use a Feed Reader: iGoogle, Google Reader, Bloglines, or netVibes
For Example: HSUS

               They’re tracking:
               Their own name including acronyms,
               misspellings
               Current issues that people are talking about
               Detractors and Competition
               Prominent people in their org

               From:
               Google Alerts
               Twitter Search
               Technorati
               Blogpulse
               Digg
               BoardReader
               Filtrbox (paid monitoring service)
Measure To Improve Over Time
The Core Idea is to Keep Exploring…

               What’s
              working for
               others?      What tactics
                            are available
 What might                    to me?
   work
  better?

                                  What’s
                               working really
                               well already?
Try Things…




     Experience is the only
        bulletproof way to
know what will work for you.
Measure and Refine…




                      You can’t reliably
                      improve unless
                      you track and
                      tweak.
Measuring Social Media
Questions?

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Social Media: The Real Return On Investment (ROI)

  • 1. Social Media: The Real Return On Investment (ROI) December 2010
  • 2. Introductions What do you hope to learn from this session? Me! Andrea Berry Director of Partnerships and Learning Idealware
  • 3. If I Asked You….
  • 4. …Would You Panic? Compared Are we doing to what? what we’re supposed to be doing? Working for what? What are we doing again?
  • 5. But What If I Asked You… Easier, huh? Why is that?
  • 8. The Importance of Goals Without goals, it’s impossible to measure success. Goals let you define what success means.
  • 9. Some Social Media Goals Boost attendance at performances Attract new volunteers Connect with new major donors Move subscribers to donate Recruit new students for classes
  • 10. NOT Useful Social Media Goals Increase awareness Make website more interactive Keep in touch Have a Facebook presence
  • 11. Tactics Help You Accomplish Goals They define what you’re going to do Creating a Facebook page Tweeting about an upcoming event Developing a new blog Posting photos from a rally to a photo sharing site Maintaining a video channel
  • 12. Good Goals Encourage Integration Goals help you choose and integrate different tactics Twitter: YouTube: Facebook: Promote upcoming Post previously Outreach to new events recorded shows audiences Or blogs, Flickr, LinkedIn or more…
  • 13. Quick Discussion What are your social media goals? Let’s discuss!
  • 15. Measurement is Key If you can’t measure it, it’s impossible to know: • Is it working? • Is it worth your time? • What you can do to improve it?
  • 16. What Types of Things Can You Measure? Followers Views Engagement Conversion . .
  • 17. Followers The number of people who choose to follow the information you provide
  • 18. For Instance…. Twitter followers Facebook fans RSS subscribers
  • 19. What Does It Measure? Your reach into the world The increase in people who care what you say
  • 20. Views The number of people who look at your resources
  • 21. For Instance…. Video views Facebook page views Clicks on a Bit.ly link
  • 22. What Does It Measure? How many people make use of your information A reasonable proxy for your impact on people’s knowledge and feelings
  • 23. Engagement The number of people who comment on, forward or post their own resources
  • 24. For Instance…. Number of comments Forwards Retweets Online mentions
  • 25. What Does It Measure? How interested are people in the information or community? Do they feel a sense of connection to it?
  • 26. Conversion Are people actually doing things that help your organization?
  • 27. For Instance…. Buying tickets Donating Signing up for classes Volunteering
  • 28. What Does It Measure? Ultimately, the best measure of whether your communications have organizational impact
  • 30. Some Results are Directly Measurable Website analytics can tell you how many people came to your website from Facebook or another source
  • 31. Some Can Only Be Inferred The “lift” shows the approximate effect of a communication
  • 32. Quantifying Your Results Many results can be (eventually, perhaps indirectly) tied to monetary results
  • 33. Some Can’t Really Be Quantified Not everything is measurable in the short term – for instance, brand awareness, or building your reputation Are you comfortable with this investment?
  • 35. Boosting Attendance Goal: Increase attendance at next week’s performance Measures • Number of views of Facebook events (Views) • Number of positive RSVPs (Engagement) • Lift in audience numbers (conversion) • Those who tell the box office they heard about the event on Tactic: Promote Event Facebook (Conversion) on Facebook
  • 36. Inspiring more donations Goal: Encourage current subscribers to donate Measures • Click-throughs, or number of video views (Views) • Number who pass on the video (Engagement) • Lift in donations (conversion) Tactic: Email a link to a video that describes your education work and solicits donations
  • 37. Changing Hearts and Minds Goal: Rally people to support arts in the schools Measures • Blog subscribers (engagement) • Subscribers to affiliated email list (engagement) • Blog readers (views) • Comments and references Tactic: Launch a blog (engagement) that covers arts • Those who make a call to education news and a politician when asked success stories (conversion)
  • 38. Some Tools to Help You Measure
  • 39. There’s Lots of Methods to View Metrics You’ll need to decide what methods work for you
  • 40. Facebook Insights See who’s looking and interacting with your Facebook page
  • 41. Measuring Twitter using HootSuite See who’s looking and interacting with your on Twitter
  • 42. Out-of-the Box Dashboards Automatically search a number of sites and sources addictomatic.com socialmention.com Paid services like Radian6, BuzzLogic, and Neilson Buzzmetrics can help (for a price)
  • 43. Or Create Your Own! Subscribe to the “Feed” for each search... Usually, look for this icon:
  • 44. And pull it all into one place Use a Feed Reader: iGoogle, Google Reader, Bloglines, or netVibes
  • 45. For Example: HSUS They’re tracking: Their own name including acronyms, misspellings Current issues that people are talking about Detractors and Competition Prominent people in their org From: Google Alerts Twitter Search Technorati Blogpulse Digg BoardReader Filtrbox (paid monitoring service)
  • 46. Measure To Improve Over Time
  • 47. The Core Idea is to Keep Exploring… What’s working for others? What tactics are available What might to me? work better? What’s working really well already?
  • 48. Try Things… Experience is the only bulletproof way to know what will work for you.
  • 49. Measure and Refine… You can’t reliably improve unless you track and tweak.