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Social Media Metrics and Web Analytics Jim Sterne eMetrics.org
Social Media Metrics and Web Analytics
Social Media Metrics and Web Analytics
Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
The Main Marketing Question How much to spend on each? 	Web site		Email		Search Marketing 		Banners		TV		Search Optimization 		Sponsorship		SMS		Tele Marketing 		Direct Mail		Print		Affiliate Marketing 		Webinar		Video		Social Networks 		Podcast		Blog		Behavioral Targeting 		Outdoor		Twitter	Microsites 		Events		Viral		Location Based
The Main Marketing Question How much to spend on each? 	Web site		Email		Search Marketing 		Banners		TV		Search Optimization 		Sponsorship		SMSTele Marketing Direct MailPrint		Affiliate Marketing 		Webinar		Video		Social Networks 		Podcast		Blog		Behavioral Targeting Outdoor		Twitter	Microsites Events		Viral		Location Based
Marketing Metrics Success Customer Centricity View the world through  customer-colored glasses
Company / Customer Communication Get Attention Educate Sell Help Relate
Company / Customer Communication Get Attention Advertising Educate Sell Help Relate
Company / Customer Communication Get Attention Advertising Educate Marketing Sell Help Relate
Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Help Relate
Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate
Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate F2F, Phone, Email
Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate Social Media
Company / Customer Communication Get Attention Social Media Advertising Educate Marketing Social Media Sell Sales Social Media Social Media Help Relate Social Media
Social Media Metrics  Definition: platforms that allow content to be easily shared
 Types: Social Media Metrics Forums & Message Boards Reviews & Opinion Sites Social Networks Blogging Microblogging Bookmarking Media Sharing
Marketing Metrics Success Customer Centricity View the world through  customer-colored glasses
The Selling Cycle Advertise     Prospect 	   Qualify 		Manage Leads 			Identify Solution 				Create Proposal 					Negotiate 						Close Sale 							Install 								Invoice 									Support
The Buying Cycle Blissful ignorance 	Experience pain 		Seek information 			Discover solutions 				Compare options 					Create short list         Negotiate       Commit 						   Recommend
Social Media Metrics Customer Centricity Gain	 Change Consider Check Affect Generate Awareness Attitude Influence Competition Outcomes Value
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Advertising Metrics Reach Frequency Awareness
Opportunity to See
BlogosphereMeasuring Your Own Blog RSS Subscribers Readers per post
Opportunity to See...Opportunity to Share
Opportunity to See...Opportunity to Share
Reach, Frequency & AwarenessVirality
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Measuring Attitude Online Metrics 			On Your Site 		Positive 		Negative 		Net Promoter Score
Sentiment Checking Positive or Negative?  	This pot roast is delicious. 	This pot roast is the worst I’ve ever tasted. 	This pot roast is inedible. 	This pot roast is better than your mother’s.
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Measuring Influence Influences thousands Influences hundreds of thousands Influences millions Which one influences more web analysts??
Measuring our own influence on public opinion Survey  Run an Ad  Survey Measuring Influence
Influential Topics
Influential Topics
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Measuring the Buzzosphere Share of Audience Share of Voice Share of Buzz Share of Sharing Are we more visible than the competition?
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Measuring Outcomes Social Actions Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend
Measuring Outcomes Business Outcomes Social Actions Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend Recommendations Click Visit Subscription Membership Register Take Survey  Lead Qualify Purchase
Measuring Outcomes Web Analytics Social Metrics Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend Click Visit Subscription Membership Register Take Survey  Lead Qualify Purchase
Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
How Much is a Social MediaParticipant Worth?
How Much is a Social MediaParticipant Worth? 	Web site		Email		Search Marketing 		Banners		TV		Search Optimization 		Sponsorship		SMS		Tele Marketing 		Direct Mail		Print		Affiliate Marketing 		Webinar		Video		Social Networks 		Podcast		Blog		Behavioral Targeting 		Outdoor		Twitter	Microsites 		Events		Viral		Location Based
How Much is a Social MediaParticipant Worth?  $  .0725
How Much is a Social MediaParticipant Worth? If: 10,000 people are talking about shampoo
How Much is a Social MediaParticipant Worth? If: 10,000 people are talking about shampoo And, a new customer has a lifetime value of $29 (profit) And, joining that conversation causes 5% of them to try And 5% of those remain loyal Then: 10,000 x 5% = 500 500 x 5% = 25 25 x $29 = $725 725/10,000 = $0.0725 per participant  = 7.25 ¢
How Much is a Social MediaParticipant Worth?  $  .0725
How Much is a Social MediaParticipant Worth?  $  .0725 725 million
Relevancy Put the right message In front of the right person At the right time
Relevancy Put the right message In front of the right person At the right time Get the right message from the right people at the right time
Crowdsourcing
Crowdsourcing
Social Media MetricsWeb Analytics Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
Social Media MetricsWeb Analytics Measure Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value Input
Social Media Metrics and Web Analytics Jim Sterne eMetrics.org
Jim Sterne's Webinar Presentation With Radian6

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Jim Sterne's Webinar Presentation With Radian6

  • 1. Social Media Metrics and Web Analytics Jim Sterne eMetrics.org
  • 2. Social Media Metrics and Web Analytics
  • 3. Social Media Metrics and Web Analytics
  • 4. Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
  • 5. Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
  • 6. Social Media Metrics and Web Analytics and Email Metrics and Satisfaction Metrics and etc.
  • 7. The Main Marketing Question How much to spend on each? Web site Email Search Marketing Banners TV Search Optimization Sponsorship SMS Tele Marketing Direct Mail Print Affiliate Marketing Webinar Video Social Networks Podcast Blog Behavioral Targeting Outdoor Twitter Microsites Events Viral Location Based
  • 8. The Main Marketing Question How much to spend on each? Web site Email Search Marketing Banners TV Search Optimization Sponsorship SMSTele Marketing Direct MailPrint Affiliate Marketing Webinar Video Social Networks Podcast Blog Behavioral Targeting Outdoor Twitter Microsites Events Viral Location Based
  • 9. Marketing Metrics Success Customer Centricity View the world through customer-colored glasses
  • 10. Company / Customer Communication Get Attention Educate Sell Help Relate
  • 11. Company / Customer Communication Get Attention Advertising Educate Sell Help Relate
  • 12. Company / Customer Communication Get Attention Advertising Educate Marketing Sell Help Relate
  • 13. Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Help Relate
  • 14. Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate
  • 15. Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate F2F, Phone, Email
  • 16. Company / Customer Communication Get Attention Advertising Educate Marketing Sell Sales Customer Service Help Relate Social Media
  • 17. Company / Customer Communication Get Attention Social Media Advertising Educate Marketing Social Media Sell Sales Social Media Social Media Help Relate Social Media
  • 18. Social Media Metrics Definition: platforms that allow content to be easily shared
  • 19. Types: Social Media Metrics Forums & Message Boards Reviews & Opinion Sites Social Networks Blogging Microblogging Bookmarking Media Sharing
  • 20. Marketing Metrics Success Customer Centricity View the world through customer-colored glasses
  • 21. The Selling Cycle Advertise Prospect Qualify Manage Leads Identify Solution Create Proposal Negotiate Close Sale Install Invoice Support
  • 22. The Buying Cycle Blissful ignorance Experience pain Seek information Discover solutions Compare options Create short list Negotiate Commit Recommend
  • 23. Social Media Metrics Customer Centricity Gain Change Consider Check Affect Generate Awareness Attitude Influence Competition Outcomes Value
  • 24. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 25. Advertising Metrics Reach Frequency Awareness
  • 27. BlogosphereMeasuring Your Own Blog RSS Subscribers Readers per post
  • 30. Reach, Frequency & AwarenessVirality
  • 31. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 32. Measuring Attitude Online Metrics On Your Site Positive Negative Net Promoter Score
  • 33. Sentiment Checking Positive or Negative? This pot roast is delicious. This pot roast is the worst I’ve ever tasted. This pot roast is inedible. This pot roast is better than your mother’s.
  • 34.
  • 35. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 36. Measuring Influence Influences thousands Influences hundreds of thousands Influences millions Which one influences more web analysts??
  • 37. Measuring our own influence on public opinion Survey  Run an Ad  Survey Measuring Influence
  • 40. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 41. Measuring the Buzzosphere Share of Audience Share of Voice Share of Buzz Share of Sharing Are we more visible than the competition?
  • 42. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 43. Measuring Outcomes Social Actions Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend
  • 44. Measuring Outcomes Business Outcomes Social Actions Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend Recommendations Click Visit Subscription Membership Register Take Survey Lead Qualify Purchase
  • 45. Measuring Outcomes Web Analytics Social Metrics Like Follow Retweet Blog Post Blog Comment Rating Bookmark Recommend Click Visit Subscription Membership Register Take Survey Lead Qualify Purchase
  • 46. Social Media Metrics Customer Centricity Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 47. How Much is a Social MediaParticipant Worth?
  • 48. How Much is a Social MediaParticipant Worth? Web site Email Search Marketing Banners TV Search Optimization Sponsorship SMS Tele Marketing Direct Mail Print Affiliate Marketing Webinar Video Social Networks Podcast Blog Behavioral Targeting Outdoor Twitter Microsites Events Viral Location Based
  • 49.
  • 50. How Much is a Social MediaParticipant Worth? $ .0725
  • 51. How Much is a Social MediaParticipant Worth? If: 10,000 people are talking about shampoo
  • 52.
  • 53. How Much is a Social MediaParticipant Worth? If: 10,000 people are talking about shampoo And, a new customer has a lifetime value of $29 (profit) And, joining that conversation causes 5% of them to try And 5% of those remain loyal Then: 10,000 x 5% = 500 500 x 5% = 25 25 x $29 = $725 725/10,000 = $0.0725 per participant = 7.25 ¢
  • 54. How Much is a Social MediaParticipant Worth? $ .0725
  • 55. How Much is a Social MediaParticipant Worth? $ .0725 725 million
  • 56. Relevancy Put the right message In front of the right person At the right time
  • 57. Relevancy Put the right message In front of the right person At the right time Get the right message from the right people at the right time
  • 60. Social Media MetricsWeb Analytics Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value
  • 61. Social Media MetricsWeb Analytics Measure Measure Measure Measure Measure Measure Measure Awareness Attitude Influence Competition Outcomes Value Input
  • 62. Social Media Metrics and Web Analytics Jim Sterne eMetrics.org