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Social Media Metrics & ROI


       mUmbrella & TCOʼs
      Social Media Academy
#mUmTCO
43% of marketers donʼt
  measure social ROI




                     Socialrati.com
SOCIAL METRICS & ROI
                                                    EARNED             OWNED
         SOCIAL INSIGHTS
          & BEHAVIOURS                                                                       FILM / AV
                                                         PAID            SHARED



    ENVIRONMENTAL ANALYSIS                               CONNECTION
                                CREATE (LEAD)       Channel, role, message & call-to-   DIGITAL INTERACTIVE
    COMPETITORS / AUDIENCE                                       action


BUSINESS /
MARKETING         Strategy       Ideas                      Planning                       Execution
OBJECTIVES

     BRAND ESSENCE / TOOLS /   AMPLIFY (PARTNER)      ASSET/CONTENT                           DESIGN
       ASSETS / EXPERIENCE                               Creative Development



    TCO PROPRIETARY TOOLS /                        BROADCAST        EXPERIENCE
                                                                                           TYPOGRAPHY
          EXPERIENCE
                                                             DIGITAL




                                  MEASUREMENTS & INSIGHTS
TONIGHT

1. Value of social media
2. Setting objectives
3. Social media process - case study
4. Metrics
5. Tools
Jumpinʼ on the bandwagon


            =
ROI =


Financial gain - Investment cost


       Investment cost
Breaking down financial gain



       Financial gain - Investment cost


              Investment cost
The secret is focus


Investment cost       Action         Response    Financial gain



  - Staff costs    - Set up a Blog    METRICS      METRICS
- Media spend     - Facebook page    NIGHTMARE    SIMPLICITY
      - etc              - etc
                                       FROM           TO
The Metrics Nightmare

                                 CONNECTIONS                                                                              RESOLUTIONS                                                                BENCHMARKING


                           CHANNEL ANALYSIS                                                                                                                                                          RESPONSE TIME
                                                                                                                             SENTIMENT

                       COMPETITOR ANALYSIS                                                                                                                                                                        KPIʼS


                       BEHAVIOURAL TRENDS                                                                                                                                                                 LEARNINGS
                                                                                                               REPORTING
                                       VIRALITY
                                                                                                                   &                                                                                 DEMOGRAPHICS


                                   EVALUATION                                                                   ANALYSIS                                                                                ENGAGEMENT


                                COST PER VIEW                                                                                                                                                 ACTIONABLE INSIGHTS
                                                                                                                                    REACH

                                 INTERACTIONS                                                                                                                                                         GEO-LOCATION
                                                                                                                          PERFORMANCE

                                   RECEPTIVITY
                                                                                                                              FREQUENCY


This digital file / document contains confidential information and has been prepared for discussion purposes only.  TCO Pty. Ltd. claims ‘commercial in confidence’ with respect to the contents. Please refer to our standard terms at the end of this document.
Value of Social Media
                Tactical        Listening, feedback,
                campaigns       insights, research
                                                       Trust
          CRM
                                                          WOM,
Awareness                                                 sharing
                          gain - cost
              ROI =                                       Testing
Brand                            cost
engagement
                                                        Sales
Identifying
opportunities, lead
generation, acquisition                    Retention, loyalty
                          SEO     CLV
PROCESS
THE PROCESS
   SET OBJECTIVES


  ESTABLISH METRICS


  MEASURE & REFINE
SETTING OBJECTIVES
Without set goals, how do we know what
constitutes success?

Business Objective         Business Metric             Social Metric

Improve financial                                       % of enquiries resolved
                           Reduce call centre traffic
performance                                            via SM

Reduce injuries & deaths   Increase awareness          Achieve 100k video views
MARKETING FUNNEL
              Presence                          Profile                Participation

Awareness          Consideration    Preference            Purchase     Retention
- Impressions      - Sentiment     - Engagement          - Mentions   - Likes/
- Reach                            - Virality                         Followers
- Potential                        - Sentiment                        - Engagement
reach                              - CPC                              - Virality
- CPM
- Share of Voice
CASE STUDY
AWARENESS
- Impressions - how many times your message/ad appears on
computer screens
- Reach - how many individual people see your message/ad
- Potential reach - how many people you could potentially
reach
- CPM - Cost per 1,000. Online advertising charged at a cost
per 1,000 impressions. These ads are usually to drive
awareness.
- Share of Voice - how many of the relevant conversations
online are about your brand vs competitors
AWARENESS
Equivalent Media Value (EMV): If you
normally pay $X per 1,000 impressions
for digital display advertising, you can
work out the EMV of your social media
efforts.


e.g. $7 CPM
Impressions/1000 x $7 = EMV
AWARENESS

How do we work          After running an
out the awareness       advertising
of PIZZA                campaign on
SCISSORS on             Facebook how do
social media?           we measure our
                        ROI?
CONSIDERATION
Sentiment - the feeling behind a conversation in relation to
particular criteria e.g. brand, product, campaign, event etc.
MEASURE YOUR
         CONVERSATIONS
Social media allows for a 2-
                                  How many people are talking
way dialogue - use this to your
                                  about you?
advantage!
                                  What are they saying?
                                  Are they reacting to your
                                  posts, or posting of their own
                                  accord?
                                  What is the sentiment around
                                  these conversations?
MEASURE YOUR
         CONVERSATIONS
Social media allows for a 2-
way dialogue - use this to your
advantage!


                                  Use the insights gained from
                                  monitoring these
                                  conversations to inform your
                                  strategies.
CONSIDERATION
How many people are talking about
PIZZA SCISSORS?
What are they saying?
Are they reacting to your posts, or
posting of their own accord?
What is the sentiment around these
conversations?
PIZZA SCISSORS vs competitors?
PREFERENCE
Engagement - how many people are engaging with your content
(clicks, Likes, comments, RTʼs, @replies, shares, favourites etc.)
Virality - Facebook metric (Reach/Reactions [Likes, Comments,
Shares]). Measures of those who saw your post, how many
created a story on Facebook about it for their friends to see.
Sentiment - feeling behind a conversation.
CPC - Cost per Click. Online advertising charged on a per click
basis. Great for when you want someone to take an action.
THE VIRAL NATURE OF
 SOCIAL NETWORKS
    Social media allows your messaging to
    spread faster than any other marketing
    before - it can go viral!


    Measure how things spread & try to work out
    why for your brand/business. Leverage this
    to get your messaging in front of as many
    people in a relevant way as possible.
THE VIRAL NATURE OF
 SOCIAL NETWORKS
                    Post

   Newsfeed 1     Newsfeed 2   Newsfeed 3

      Like                     Comment
    Friends see                 Friends see
       action                      action
    Friend also
    Likes post
PREFERENCE


How can we measure who
prefers PIZZA SCISSORS
over competitors?
PURCHASE
Conversations - are
people talking about
buying your product?
Online sales - are they
purchasing online (if
applicable)
PURCHASE
How can we tell if
people are buying
PIZZA SCISSORS as a
result of our social
media efforts?
RETENTION

       Likes/Followers - your
       audience following
       your social profile/
       seeing your messages
       Engagement
       Virality
RETENTION

       How can we measure
       the retention of
       customers of PIZZA
       SCISSORS through
       social media?
TOOLS
RECAP / KEY TAKEOUTS
SOCIAL MEDIA IS A MINEFIELD OF QUALITATIVE AND QUANTITATIVE METRICS:
The key is selecting the right metrics that match your business objectives = ROI


PROCESS -
1. Set objectives (SMART)
2. Establish metrics
3. Measure and refine

THINK ABOUT WHERE YOU ARE AT IN THE MARKETING FUNNEL
What stage should you focus on?

THERE ARE MANY FREE AND $ TOOLS OUT THERE TO HELP YOU - USE THEM
and refine, refine, refine!
@TCO
Thank you
TCO Standard Terms

      01: Appointment and Terms. The Client appoints TCO Pty Ltd ABN 69 125 933 637 (ʻTCOʼ) as consultant to provide the services set out in each estimate agreed between TCO and the Client (ʻServicesʼ).


      02: Services. In consideration of the payment of the fees set out in an estimate or as agreed between TCO and client p-lus GST (ʻFeesʼ) TCO will provide the Services. TCO will abide by any reasonable directions
      given by the Client with respect to the manner of delivery of the Services.


      03: Fees. TCO will provide a tax invoice to the Client for the Fees according to the payments set out in an estimate or if no estimate as agreed between TCO and Client. Fees payable 60% of estimate on
      engagement and prior to commencement of work and remainder is payable on delivery of the product of the Services provided under this Agreement. TCO shall be entitled to charge interest at the rate of 2% p.a.
      calculated daily on any overdue Fees. The Fees may be reviewed by TCO if the scope of the project changes and the Client will be given notice of any increase in the Fees.


      04: Expenses. In addition to the Fees the Client will reimburse TCO the actual costs of disbursements reasonably incurred by TCO in carrying out the Services. Expenses are subject to prior approval by the Client.


      05: Intellectual Property. Intellectual Property contributed by Client will remain owned by Client. Upon completion of the Services and final payment of all Fees TCO agrees to provide a royalty free perpetual license
      to the Client of all intellectual property rights created by TCO in connection with the provision of the Services for use by the Client for the purposes of the Project. TCO shall retain all Masters, rushes and other
      preparatory material and client (or third parties) will not be entitled to such originals, although client may request duplicate Masters to be provided at additional fees. Third party intellectual property will remain owned
      by such third parties, and Client appoints TCO as agent to procure any use of third party intellectual property in relation to the Project.


      06: Assistance. The Client will give TCO, its employees and contractors all assistance reasonably requested by TCO to enable TCO to carry out the Services.


      07: Employees. The Client will not, from the date of this Agreement to twelve months after completion of the provision of services by TCO, solicit, employ or contract any employee or contractor of TCO. The Client
      agrees that if it employs or engages any person directly, contrary to this clause it shall be liable to pay to TCO liquidated damages in a once off amount equal to 30% of such personʼs annual salary or annualised
      contracted amount (if a contractor) at the time of departing TCO even if they have been employed or contracted by another organisation after departing TCO and prior to being engaged or employed by the Client.




This digital file / document contains confidential information and has been prepared for discussion purposes only.  TCO Pty. Ltd. claims ‘commercial in confidence’ with respect to the contents. Please refer to our standard terms at the end of this document.
TCO Standard Terms

      08: Confidentiality. Each party shall treat as confidential all information which comes into its possession, pursuant to or as a result of or in the performance of this Agreement, whether such information relates to the
      business, sales, marketing or technical operations of the other Party or the clientele of the other Party or otherwise. Neither Party shall, without the written permission of the other, disclose such confidential information
      to a third party.


      09: Warranties. Except as set out herein all implied conditions, warranties and rights are excluded from this Agreement. Where the Trade Practices Act 1974 or other laws imply conditions or warranties or give other
      rights in respect of this Agreement, TCOʼs liability for any breach of such a condition, warranty or right will (but only to the extent permitted by law) be limited:


      (a) in the case of goods supplied, to the replacement or repair of the goods or the supply of equivalent goods, the payment of the cost of repairing or replacing the goods or of acquiring equivalent goods;
      (b) in the case of services supplied, to the supplying of the services again or the payment of the reasonable cost of having the services supplied again.


      10: Liability. TCO will not be liable to the Client or any persons claiming under it in contract, tort or otherwise for or in respect of any direct, indirect, or consequential loss, damage, expense or injury suffered by the
      Client or any other person arising out of or relating to this Agreement or any delay, non‑performance or error in information supplied to the Client by TCO in connection with this Agreement or any services provided.
      Without limiting the foregoing, TCO shall have no liability for circumstances beyond its control, including without limitation fire, theft, strike, lockout, force majeure, act of god, or act of terror.


      11: Cancellation. In the event that Client cancels an event at which the Services are to be performed by TCO then TCO shall be entitled to charge the Client, as a genuine pre-estimate of TCOʼs loss, the greater of the
      percentage of the Fees set out in the table below, and the amount of the budget relevant to the Services performed by TCO to the point of cancellation:




       Notice period                                     Minimum % Fees

       24 hours or less                                  50%

       48 Hours or less                                  35%

       Greater than 48 Hours                             25%




This digital file / document contains confidential information and has been prepared for discussion purposes only.  TCO Pty. Ltd. claims ‘commercial in confidence’ with respect to the contents. Please refer to our standard terms at the end of this document.
TCO Standard Terms

      12: Termination. Either Party may terminate this agreement by giving the other Party thirty (30) days written notice, or the parties may mutually agree in writing to a shorter notice period. This agreement will
      automatically terminate if: the Client enters into an arrangement or composition with creditors; an application is made for the appointment of a liquidator, controller, administrator, official manager, receiver and manager
      or similar officer or any of them is appointed; an event happens which would allow a court to wind the Client up; the Client ceases to carry on business or is unable to pay its debts; or the Client materially breaches this
      agreement and does not remedy the breach with fourteen (14) days of receiving notice from TCO to rectify the breach or the breach is incapable of being remedied.


      13: If this agreement is terminated for any reason the Client shall immediately pay to TCO any part of the Fees which has accrued prior to the termination but has not been paid, including works performed but not yet
      invoiced. Upon payment TCO shall deliver to the Client all books, records, plans, papers, models and information of any kind relating to the Services which are the property of the Client.


      14: The proper law of this agreement is the law of New South Wales. The parties submit to the jurisdiction of courts in New South Wales.


      15: Definitions. In this agreement, capitalised words shall have the meanings ascribed to them in the Schedule unless the context otherwise requires. Headings and bold print have been included for ease of
      reference. This agreement shall not be construed or interpreted by reference to such headings, sub-headings, bold print or capitals.


      16: The Client does not need to sign these terms to accept them, and instructing TCO to continue work will be deemed acceptance of these terms.


      17: This agreement contains the entire agreement between the parties and supersedes all previous correspondence and negotiations concerning the Services. This agreement is the primary agreement between the
      parties in relation to the Services and will be paramount to any terms attached to any purchase order, service request or other engagement terms provided to TCO whether before or after the execution of this
      agreement by either party. This agreement may only be varied by TCO executing a document explicitly using the words ʻThis agreement varies TCOʼs Standard Termsʼ.




This digital file / document contains confidential information and has been prepared for discussion purposes only.  TCO Pty. Ltd. claims ‘commercial in confidence’ with respect to the contents. Please refer to our standard terms at the end of this document.

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Social Media Metrics and ROI: mUmBRELLA and TCO Social Media

  • 1. Social Media Metrics & ROI mUmbrella & TCOʼs Social Media Academy
  • 3. 43% of marketers donʼt measure social ROI Socialrati.com
  • 4. SOCIAL METRICS & ROI EARNED OWNED SOCIAL INSIGHTS & BEHAVIOURS FILM / AV PAID SHARED ENVIRONMENTAL ANALYSIS CONNECTION CREATE (LEAD) Channel, role, message & call-to- DIGITAL INTERACTIVE COMPETITORS / AUDIENCE action BUSINESS / MARKETING Strategy Ideas Planning Execution OBJECTIVES BRAND ESSENCE / TOOLS / AMPLIFY (PARTNER) ASSET/CONTENT DESIGN ASSETS / EXPERIENCE Creative Development TCO PROPRIETARY TOOLS / BROADCAST EXPERIENCE TYPOGRAPHY EXPERIENCE DIGITAL MEASUREMENTS & INSIGHTS
  • 5. TONIGHT 1. Value of social media 2. Setting objectives 3. Social media process - case study 4. Metrics 5. Tools
  • 6. Jumpinʼ on the bandwagon =
  • 7. ROI = Financial gain - Investment cost Investment cost
  • 8. Breaking down financial gain Financial gain - Investment cost Investment cost
  • 9. The secret is focus Investment cost Action Response Financial gain - Staff costs - Set up a Blog METRICS METRICS - Media spend - Facebook page NIGHTMARE SIMPLICITY - etc - etc FROM TO
  • 10. The Metrics Nightmare CONNECTIONS RESOLUTIONS BENCHMARKING CHANNEL ANALYSIS RESPONSE TIME SENTIMENT COMPETITOR ANALYSIS KPIʼS BEHAVIOURAL TRENDS LEARNINGS REPORTING VIRALITY & DEMOGRAPHICS EVALUATION ANALYSIS ENGAGEMENT COST PER VIEW ACTIONABLE INSIGHTS REACH INTERACTIONS GEO-LOCATION PERFORMANCE RECEPTIVITY FREQUENCY This digital file / document contains confidential information and has been prepared for discussion purposes only.  TCO Pty. Ltd. claims ‘commercial in confidence’ with respect to the contents. Please refer to our standard terms at the end of this document.
  • 11. Value of Social Media Tactical Listening, feedback, campaigns insights, research Trust CRM WOM, Awareness sharing gain - cost ROI = Testing Brand cost engagement Sales Identifying opportunities, lead generation, acquisition Retention, loyalty SEO CLV
  • 13. THE PROCESS SET OBJECTIVES ESTABLISH METRICS MEASURE & REFINE
  • 14. SETTING OBJECTIVES Without set goals, how do we know what constitutes success? Business Objective Business Metric Social Metric Improve financial % of enquiries resolved Reduce call centre traffic performance via SM Reduce injuries & deaths Increase awareness Achieve 100k video views
  • 15. MARKETING FUNNEL Presence Profile Participation Awareness Consideration Preference Purchase Retention - Impressions - Sentiment - Engagement - Mentions - Likes/ - Reach - Virality Followers - Potential - Sentiment - Engagement reach - CPC - Virality - CPM - Share of Voice
  • 17. AWARENESS - Impressions - how many times your message/ad appears on computer screens - Reach - how many individual people see your message/ad - Potential reach - how many people you could potentially reach - CPM - Cost per 1,000. Online advertising charged at a cost per 1,000 impressions. These ads are usually to drive awareness. - Share of Voice - how many of the relevant conversations online are about your brand vs competitors
  • 18. AWARENESS Equivalent Media Value (EMV): If you normally pay $X per 1,000 impressions for digital display advertising, you can work out the EMV of your social media efforts. e.g. $7 CPM Impressions/1000 x $7 = EMV
  • 19. AWARENESS How do we work After running an out the awareness advertising of PIZZA campaign on SCISSORS on Facebook how do social media? we measure our ROI?
  • 20. CONSIDERATION Sentiment - the feeling behind a conversation in relation to particular criteria e.g. brand, product, campaign, event etc.
  • 21. MEASURE YOUR CONVERSATIONS Social media allows for a 2- How many people are talking way dialogue - use this to your about you? advantage! What are they saying? Are they reacting to your posts, or posting of their own accord? What is the sentiment around these conversations?
  • 22. MEASURE YOUR CONVERSATIONS Social media allows for a 2- way dialogue - use this to your advantage! Use the insights gained from monitoring these conversations to inform your strategies.
  • 23. CONSIDERATION How many people are talking about PIZZA SCISSORS? What are they saying? Are they reacting to your posts, or posting of their own accord? What is the sentiment around these conversations? PIZZA SCISSORS vs competitors?
  • 24. PREFERENCE Engagement - how many people are engaging with your content (clicks, Likes, comments, RTʼs, @replies, shares, favourites etc.) Virality - Facebook metric (Reach/Reactions [Likes, Comments, Shares]). Measures of those who saw your post, how many created a story on Facebook about it for their friends to see. Sentiment - feeling behind a conversation. CPC - Cost per Click. Online advertising charged on a per click basis. Great for when you want someone to take an action.
  • 25. THE VIRAL NATURE OF SOCIAL NETWORKS Social media allows your messaging to spread faster than any other marketing before - it can go viral! Measure how things spread & try to work out why for your brand/business. Leverage this to get your messaging in front of as many people in a relevant way as possible.
  • 26. THE VIRAL NATURE OF SOCIAL NETWORKS Post Newsfeed 1 Newsfeed 2 Newsfeed 3 Like Comment Friends see Friends see action action Friend also Likes post
  • 27. PREFERENCE How can we measure who prefers PIZZA SCISSORS over competitors?
  • 28. PURCHASE Conversations - are people talking about buying your product? Online sales - are they purchasing online (if applicable)
  • 29. PURCHASE How can we tell if people are buying PIZZA SCISSORS as a result of our social media efforts?
  • 30. RETENTION Likes/Followers - your audience following your social profile/ seeing your messages Engagement Virality
  • 31. RETENTION How can we measure the retention of customers of PIZZA SCISSORS through social media?
  • 32. TOOLS
  • 33.
  • 34. RECAP / KEY TAKEOUTS SOCIAL MEDIA IS A MINEFIELD OF QUALITATIVE AND QUANTITATIVE METRICS: The key is selecting the right metrics that match your business objectives = ROI PROCESS - 1. Set objectives (SMART) 2. Establish metrics 3. Measure and refine THINK ABOUT WHERE YOU ARE AT IN THE MARKETING FUNNEL What stage should you focus on? THERE ARE MANY FREE AND $ TOOLS OUT THERE TO HELP YOU - USE THEM and refine, refine, refine!
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