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Measuring social media - an overview
Dana Chinn




                                  February 2010
• Traditional media vs. social media
  rules, metrics

• Three steps for measuring social
  media

• Example: measuring Twitter


                                       2
Not only are the technologies new,
but the metrics are as well.
    --Online Media and Marketing Association Metrics and Measurement program, June 2009




                                                                                          3
Two different types of communities

A traditional news org website

  has content

     that it distributes
     to people
          who are
         in the same
         geography




                                     4
Two different types of communities

A traditional news org website   A social media service

  has content

     that it distributes
     to people
          who are
         in the same
         geography




                                                      4
Two different types of communities

A traditional news org website   A social media service

  has content                      serves participants

     that it distributes
     to people
          who are
         in the same
         geography




                                                         4
Two different types of communities

A traditional news org website   A social media service

  has content                      serves participants

     that it distributes                 who
     to people
          who are
         in the same
         geography




                                                         4
Two different types of communities

A traditional news org website   A social media service

  has content                       serves participants

     that it distributes                   who
     to people                                 -- group
                                 -- have     themselves
          who are                the same
         in the same             interests
         geography




                                                          4
Two different types of communities

A traditional news org website   A social media service

  has content                       serves participants

     that it distributes                   who
     to people                                 -- group
                                 -- have     themselves
          who are                the same
         in the same             interests -- contribute
         geography                             content
                                     -- have
                                 conversations


                                                          4
Types of social media channels

Sharing


   Networking


 News

                                                                             Bookmarking
   Reviews


  -- “Five essentials for social media marketing,” by Lisa Wehr, CEO/Oneupweb, iMedia Connection, July 17, 2009



                                                                                                                  5
Social media:
a constant stream of calls to action



                     Brands earn the trust and loyalty of
                     their customers by listening and
                     responding.
                            --”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010




                                                                                                          6
Social media:
a constant stream of calls to action



                                    Brands earn the trust and loyalty of
                                    their customers by listening and
                                    responding.
                                                    --”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010




         ...the true value of a network
         is measured
         by the frequency of engagement
         of the participants.
               -- Interactive Advertising Bureau Social Media Ad Metrics Definitions, May 2009




                                                                                                                                  6
Social media rules

1. Listen
2. Engage
3. Measure
          • Audience

          • Engagement

          • Loyalty

          • Influence

          • Action

Metrics should map to goals. Period.
From “What the **** is Social Media - One Year Later,” Marta Kagan, Espresso|Brand Infiltration, July 16, 2009. Some explicit words.




                                                                                                                                      7
Step 1: Define the R



                       R OI  eturn         n    nvestment




                                     and


                        R OO  eturn         n        bjectve




                                                “What is it that we want
                                                to change, improve, accomplish, incite....?”




--”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010


                                                                                               8
Step 2: Identify the participants,
their roles, their numbers




                                     9
Understand the limitations of your data sources
The Facebook ad
application only
gives you people on
Facebook who filled
out the form.

You don’t know
how many:
didn’t give details
or
updated their status
or
told the truth
or
aren’t in Facebook
or...




                                                  10
Step 3: Identify the Key Performance Indicators,
                the data you need to make decisions

Define success/failure with KPIs that indicate participation, engagement.
Use ratios, percents - not counts.

• Content: comments/post; bounce rate; percent positive/negative

• Twitter: PVs/URL; tweets/influencer; retweets/tweet

• Facebook: Percent of fans in target audience; discussion topics/influencer; wall
  posts/fan

• Photos/slideshows: percent of show viewed; percent of target audience who
  posted; comments/slideshow

• Videos: views/UV; percent of UVs who rated

• Attitudes: transparency; trust; are you adding value to the conversation?



                                                                                    11
Advertisers want
                                                      proof of audience, participation
• Targeted audience reach, frequency
      • Audience profile
      • Unique visitors, active users; page views; visits, return visits; time spent
      • Growth; “conversation reach”
• Content relevance
      • Author (journalists, others) credibility; content freshness; influence
• Calls to action answered
      • Passive: downloads; games played; videos viewed; alerts subscribed/
        unsubscribed; widgets installed
      • Info submitted: comments posted; topics/forums created; photos, videos
        uploaded; poll votes; ratings, reviews, recommendations; contests entered
      • Interaction: friends reached; in/out links; reposts

Derived from Interactive Advertising Bureau Social Media Ad Metrics Definitions, May 2009


                                                                                           12
Understand Twitter’s simple complexity,
understand how social media is measured




                           Content


     Followers



                                          13
Analyze your follower profiles
to assess their likelihood of engagement




         Do your followers identify with your keywords?



                                                     14
Followers
  Look for influencers
  Review reach, churn,
    following/follower ratio




                           15
The perfect (measurable) Tweet

• A call to action to participate, engage with you
  Look at this. Go here. What do you think?

• A link
  To get news, information
    Tweets are now a primary news source,
    the new home page
 To respond to the call to action

• A #hashtag and/or keywords

• Handle specific to person/topic

• A comment
                                                     16
“Perfect” tweets are less than 120 characters

RT/via @handle + call to action/comment + link + #hashtag




  100 characters           111 characters     Watch handle,
                                              hashtag sizes




                                                Lost the link

                                                           17
Analyze content
   Review hashtags,
   keywords, sentiment,
   problems, conversations
   that connect people




                             18
Are you part of the conversation
in real-time web signaling events?




      “When a burst of tweets citing a particular subject
      or URL emerges, it’s a signaling event.”
                         --Rishab Ghosh, co-founder of Topsy, a search engine for tweets, in “Live in the Moment,”
                         by Clive Thompson, Wired magazine, October 2009


                                                                                                                 19
GM “Reinvention”
GM “Reinvention”
GM “Reinvention”
GM “Reinvention”
GM “Reinvention”

                   R O
                    eturn   n
GM “Reinvention”

                   R OI
                    eturn   n   nvestment
GM “Reinvention”
                   Measurable
                           R OI eturn   n   nvestment
Dana Chinn                      Blog
Lecturer                           http://www.newsnumbers.com

    chinn@usc.edu
    213-821-6259

Analytics for news orgs
bookmarks
  http://www.delicious.com/
danachinn

Presentations
   http://www.slideshare.net/
danachinn




                                                         21

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Measuring social media - an overview

  • 1. Measuring social media - an overview Dana Chinn February 2010
  • 2. • Traditional media vs. social media rules, metrics • Three steps for measuring social media • Example: measuring Twitter 2
  • 3. Not only are the technologies new, but the metrics are as well. --Online Media and Marketing Association Metrics and Measurement program, June 2009 3
  • 4. Two different types of communities A traditional news org website has content that it distributes to people who are in the same geography 4
  • 5. Two different types of communities A traditional news org website A social media service has content that it distributes to people who are in the same geography 4
  • 6. Two different types of communities A traditional news org website A social media service has content serves participants that it distributes to people who are in the same geography 4
  • 7. Two different types of communities A traditional news org website A social media service has content serves participants that it distributes who to people who are in the same geography 4
  • 8. Two different types of communities A traditional news org website A social media service has content serves participants that it distributes who to people -- group -- have themselves who are the same in the same interests geography 4
  • 9. Two different types of communities A traditional news org website A social media service has content serves participants that it distributes who to people -- group -- have themselves who are the same in the same interests -- contribute geography content -- have conversations 4
  • 10. Types of social media channels Sharing Networking News Bookmarking Reviews -- “Five essentials for social media marketing,” by Lisa Wehr, CEO/Oneupweb, iMedia Connection, July 17, 2009 5
  • 11. Social media: a constant stream of calls to action Brands earn the trust and loyalty of their customers by listening and responding. --”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010 6
  • 12. Social media: a constant stream of calls to action Brands earn the trust and loyalty of their customers by listening and responding. --”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010 ...the true value of a network is measured by the frequency of engagement of the participants. -- Interactive Advertising Bureau Social Media Ad Metrics Definitions, May 2009 6
  • 13. Social media rules 1. Listen 2. Engage 3. Measure • Audience • Engagement • Loyalty • Influence • Action Metrics should map to goals. Period. From “What the **** is Social Media - One Year Later,” Marta Kagan, Espresso|Brand Infiltration, July 16, 2009. Some explicit words. 7
  • 14. Step 1: Define the R R OI eturn n nvestment and R OO eturn n bjectve “What is it that we want to change, improve, accomplish, incite....?” --”The Maturation of Social Media ROI,” by Brian Solis, Mashable, Jan. 26, 2010 8
  • 15. Step 2: Identify the participants, their roles, their numbers 9
  • 16. Understand the limitations of your data sources The Facebook ad application only gives you people on Facebook who filled out the form. You don’t know how many: didn’t give details or updated their status or told the truth or aren’t in Facebook or... 10
  • 17. Step 3: Identify the Key Performance Indicators, the data you need to make decisions Define success/failure with KPIs that indicate participation, engagement. Use ratios, percents - not counts. • Content: comments/post; bounce rate; percent positive/negative • Twitter: PVs/URL; tweets/influencer; retweets/tweet • Facebook: Percent of fans in target audience; discussion topics/influencer; wall posts/fan • Photos/slideshows: percent of show viewed; percent of target audience who posted; comments/slideshow • Videos: views/UV; percent of UVs who rated • Attitudes: transparency; trust; are you adding value to the conversation? 11
  • 18. Advertisers want proof of audience, participation • Targeted audience reach, frequency • Audience profile • Unique visitors, active users; page views; visits, return visits; time spent • Growth; “conversation reach” • Content relevance • Author (journalists, others) credibility; content freshness; influence • Calls to action answered • Passive: downloads; games played; videos viewed; alerts subscribed/ unsubscribed; widgets installed • Info submitted: comments posted; topics/forums created; photos, videos uploaded; poll votes; ratings, reviews, recommendations; contests entered • Interaction: friends reached; in/out links; reposts Derived from Interactive Advertising Bureau Social Media Ad Metrics Definitions, May 2009 12
  • 19. Understand Twitter’s simple complexity, understand how social media is measured Content Followers 13
  • 20. Analyze your follower profiles to assess their likelihood of engagement Do your followers identify with your keywords? 14
  • 21. Followers Look for influencers Review reach, churn, following/follower ratio 15
  • 22. The perfect (measurable) Tweet • A call to action to participate, engage with you Look at this. Go here. What do you think? • A link To get news, information Tweets are now a primary news source, the new home page To respond to the call to action • A #hashtag and/or keywords • Handle specific to person/topic • A comment 16
  • 23. “Perfect” tweets are less than 120 characters RT/via @handle + call to action/comment + link + #hashtag 100 characters 111 characters Watch handle, hashtag sizes Lost the link 17
  • 24. Analyze content Review hashtags, keywords, sentiment, problems, conversations that connect people 18
  • 25. Are you part of the conversation in real-time web signaling events? “When a burst of tweets citing a particular subject or URL emerges, it’s a signaling event.” --Rishab Ghosh, co-founder of Topsy, a search engine for tweets, in “Live in the Moment,” by Clive Thompson, Wired magazine, October 2009 19
  • 30. GM “Reinvention” R O eturn n
  • 31. GM “Reinvention” R OI eturn n nvestment
  • 32. GM “Reinvention” Measurable R OI eturn n nvestment
  • 33. Dana Chinn Blog Lecturer http://www.newsnumbers.com chinn@usc.edu 213-821-6259 Analytics for news orgs bookmarks http://www.delicious.com/ danachinn Presentations http://www.slideshare.net/ danachinn 21