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The State of Social Media Marketing
 The State of Social
                     Media Marketing:
Industry Report 2012: New ROI Framework
  Industry Report 2012: Most Admired Brands
                                           September 2012




    Meet Social ROMO and Social ROMI


     Hello



                                           Hi
                      I .
                     ROMI
             $                       I .
                                    ROMO


$       %                       $
                                            $
        $        %    $

                            1
The State of Social Media Marketing

                           Introduction
                           Marketers the world over are trying to answer the most important question about
                           what they do – namely, can they quantify the value they provide to the business
            I .            and show that the funds and resources invested in marketing, including social
           ROMI            marketing, do indeed pay back? Our State of Social Media Marketing report con-

Return On Mar-             as indicated by 57% of respondents.
keting Investment                                                                                          -
(ROMI) — overall so-       work for measuring social marketing value. We posit that social marketing value
cial marketing contri-     has two sides – overall social marketing contributions to the business over time
butions to the business
over time, usually year-   engagement and sales (usually campaign-based and short-term).
over-year. For more on
            Wikipedia.




                           period of time and aims to determine social marketing’s overall contributions to
              I .          the business – such as sales and increased market share.
             ROMO
Return On Mar-             campaigns or initiatives, and is point-in-time or short-term based. To put it anoth-
keting Objective
(ROMO)
social marketing con-
tributions to customer
engagement and sales,
usually campaign-
based and short-term.




                                                      2
The State of Social Media Marketing



“No longer satis-         they push down the sales and marketing funnel that eventually make a purchase.
fied with collecting      Marketers usually look at the funnel as a three-stage process:
‘Likes,’ fans, follow-
ers and viral hits,

                               1
companies are now                        New people entering the top of the funnel (e.g. new
asking harder ques-                      site visitors)
tions about the real
                                         Percentage of the new people engaged with some
value of these social
network interac-               2         aspect of the company (e.g. visiting multiple pages,
                                         downloading content etc.) in the middle of the funnel
tions.”

                               3
                                         Percentage of engaged prospects or visitors who
 Paul Verna, eMarketer,                  become customers at the bottom of the funnel
     Top Digital Trends
               for 2012


                          purchases of lists - a disruptive, “push” model that is no longer working (although
                          some marketers are having a hard time letting go). With only 14% of consumers
                          trusting advertising messages, marketers need a new way to think about build-
                          ing awareness and interest in their offerings – one that is value-based, open and
                          collaborative with the millions of prospective buyers now choosing to spend their
                          time on social networks.




                                                    3
The State of Social Media Marketing




         The Social Marketing and Sales Funnel is a framework designed to help market-
         ers manage prospect and customer relationships to drive business results in the
         new age of social marketing. The funnel has four core components:



                use the social web to identify and segment potential new buyers.

                2. Goal-setting:
                                                                                           -
                ness results – new leads, new sales, or increased share of wallet.

                3. Engagement strategies:

                set out under goal-setting.

                4. Measurement:
                This is where marketers pull it all together to determine individual success
                of their campaigns and their actual contributions of marketing to the busi-
                ness.




                                   4
The State of Social Media Marketing



                   Social Marketing Automation aims to identify new prospective buyers, segment them,

                   Social CRM aims to further engaging existing customers to keep your brand top-of-mind,
                   keep customers in the fold, or to get them to buy again or buy more from your company.




                            Social Marketing Automation                            Social CRM
                                        New Buyers                              Existing Customers
SOCIAL PROFILING




                   WHAT ?
                             from the social web.                      across social networks .




                   WHY ?     To increase your top-of-the-funnel        To increase your understanding of the
                             numbers at a fraction of what you         types of followers, and have the abil-
                             can get from disruptive advertising.      ity to segment and target them with




                   HOW?      Find new social users who will ben-
                                                                       in a social database that allows you
                             need to listen for people: monitor        to capture demographic information
                                                                       and activity data (likes, shares, posts,
                                                             -         etc.).
                             pressions that designate need or
                             purchase intent. Set up your key-
                             word-monitoring dashboards, and
                             capture not just the mentions, but
                             who mentions them.




                                                        5
The State of Social Media Marketing

                                         Social Marketing Automation                                           Social CRM
                                                     New Buyers                                          Existing Customers


                                        Use the principles of successful customer relationship management – remember
                               WHAT ?
                                        that not all prospects and customers are the same, need the same, or have the
 SOCIAL PROFILE SEGMENTATION




                                        based campaigns.
                                                                                                       +5 points
                                                                                      +10 points
                                                                                                    Made a comment
                                                                                   Liked our page
                                                                      +5 point s
                                                                     Followed us
         AND SCORING




                               WHY ?



                               HOW?

                                        example, if you want to identify your top brand ambassadors, consider looking
                                        for social followers who have followed you for three months, have interacted with
                                        your content over 10 times across social networks, and have shared their support
                                        and love for your brand with their social graph multiple times. Once you have your


                                        SAMPLE SOCIAL SCORING USES

                                                        social followers who                                 social followers who
                                              are not customers yet but                             are not customers yet but likely
                                              likely to become such.                                to become such.


                                                                            -
                                              ence prospective buyers.                              prospective buyers.



Social Engagement: The next step in moving your followers down the Social Marketing and Sales Funnel


                    What is it that you can offer the different segments of prospects and buyers to get deeper engagement,
                    new sales, and an increased share of wallet?




                                                                     6
The State of Social Media Marketing



                         on marketing objective) is the process of assessing the success of your social

                         needs to be focused on how well marketers are generating interest from new pro-
                         spective buyers as well as the level of engagement and commitment from current
                                                                                                      -
                         ing success with prospects and customers.

                         1. Lead Generation Effectiveness
                            To understand lead generation effectiveness, you’ll need to know how many of
For a complete frame-       your total leads came via social channels.

download our compli-
                  -                                                # of new leads from social channels
                             Social Lead Gen Effectiveness =
                     -                                                         # of total leads
ics: From Social Media


                            integration will allow you to better understand your prospective audience and
                            determine the optimal ways to nurture ongoing relationships for new sales.


                         2. Marketing Program Effectiveness:
                            To measure your overall social marketing program effectiveness, you’ll want to




                                                                                                             -

                                analysis will help you identify optimal ways to draft future posts for the
                                most clicks and engagement.




                                                    7
The State of Social Media Marketing



                            contributors to determine who was most successful in driving your current
                            followers and customers to action. This will help guide how you allocate
                            resources in future campaigns.


                         social media campaign:


                                                                                              c


                           Social      Total # of followers
                           Reach       across all social platforms   By campaign

                                                                     then by campaign contributor)
                                       Month-over-Month
                                       Quarter-over-Quarter
                                                                                         aware of brand
                                                                                            Total # of

                               # Likes + # Shares + # Retweets
                                      + # blog comments                                   ROI of social
For more social                                                                            campaigns
                                    # of published posts                                ROI of traditional
metrics refer to our                or pieces of content                               marketing campaign




                       Beef up your Analytics


                         your prospects and customers now needs to contain insights from all sources:
                         Web, social, past purchase information, and customer service interactions.


                            customers or prospects.

                            De-dupe, rinse, and classify.
                            Nurture relationships with prospects across all touch points – email, web
                            and social channels.




                                                  8
The State of Social Media Marketing

         Measuring Social ROMI


         period of time and aims to determine the overall contributions of social marketing
         to the business – such as new sales, cross- and up-sells, and increased market


         1. Add all your marketing expenditures
                Social marketing budgets: creative and outreach costs, cost of discounts
                and promotions, etc.
  I .
                People and resources
 ROMI
                                                                                                -




         2. Determine social marketing’s contribution to business results


            existing customers, increases in market share, etc.



         3. Calculate your social ROMI

            Do this on a quarterly or annual basis:




                                                           Social Return
                      SOCIAL
                       ROMI
                                       =       (total # of leads, sales, cross- and up-sells)

                                                        Social Investment




                                   9
The State of Social Media Marketing


          Conclusion: Growing your social ROMI & ROMO

          they will be in a position to affect the impact of social outreach on sales,

          disruptive modes of “push” advertising and move spend to nimble and
          responsive ways of connecting with prospects and customers via social
                                                                                       -
          mendation is – start by shifting some portion of your traditional marketing
          dollars to social, calculate the impact, tie to business results, and then ask
                                                                                     -
                                                                                       -
          ible technology stack that helps you make informed and business-driven
          marketing decisions.


          Additional Resources

                                                                                       -
                                                                                       -
          tices to get the most value from social media investments.

                                                                                   -
          sights

          new framework for how to drive actionable social analytics to increase
          marketing and sales effectiveness.


                                                                                       -

          when and where to post to drive the most engagement.




          brand’s relationships in the social realm, the differences between internal
                                                                                         -
          tices for leveraging social capital.




                                 10
The State of Social Media Marketing




marketing–from demand generation to customer acquisition and social customer

marketing software, is the only solution available that ties Social Prospecting, Social




Get Connected:
          Follow us on Twitter
          @awarenessinc

          Join us on Facebook

             Social Media Marketing Mavens

          Join our LinkedIn Group




          Follow us on Pinterest




                                              11

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New ROI framework

  • 1. The State of Social Media Marketing The State of Social Media Marketing: Industry Report 2012: New ROI Framework Industry Report 2012: Most Admired Brands September 2012 Meet Social ROMO and Social ROMI Hello Hi I . ROMI $ I . ROMO $ % $ $ $ % $ 1
  • 2. The State of Social Media Marketing Introduction Marketers the world over are trying to answer the most important question about what they do – namely, can they quantify the value they provide to the business I . and show that the funds and resources invested in marketing, including social ROMI marketing, do indeed pay back? Our State of Social Media Marketing report con- Return On Mar- as indicated by 57% of respondents. keting Investment - (ROMI) — overall so- work for measuring social marketing value. We posit that social marketing value cial marketing contri- has two sides – overall social marketing contributions to the business over time butions to the business over time, usually year- engagement and sales (usually campaign-based and short-term). over-year. For more on Wikipedia. period of time and aims to determine social marketing’s overall contributions to I . the business – such as sales and increased market share. ROMO Return On Mar- campaigns or initiatives, and is point-in-time or short-term based. To put it anoth- keting Objective (ROMO) social marketing con- tributions to customer engagement and sales, usually campaign- based and short-term. 2
  • 3. The State of Social Media Marketing “No longer satis- they push down the sales and marketing funnel that eventually make a purchase. fied with collecting Marketers usually look at the funnel as a three-stage process: ‘Likes,’ fans, follow- ers and viral hits, 1 companies are now New people entering the top of the funnel (e.g. new asking harder ques- site visitors) tions about the real Percentage of the new people engaged with some value of these social network interac- 2 aspect of the company (e.g. visiting multiple pages, downloading content etc.) in the middle of the funnel tions.” 3 Percentage of engaged prospects or visitors who Paul Verna, eMarketer, become customers at the bottom of the funnel Top Digital Trends for 2012 purchases of lists - a disruptive, “push” model that is no longer working (although some marketers are having a hard time letting go). With only 14% of consumers trusting advertising messages, marketers need a new way to think about build- ing awareness and interest in their offerings – one that is value-based, open and collaborative with the millions of prospective buyers now choosing to spend their time on social networks. 3
  • 4. The State of Social Media Marketing The Social Marketing and Sales Funnel is a framework designed to help market- ers manage prospect and customer relationships to drive business results in the new age of social marketing. The funnel has four core components: use the social web to identify and segment potential new buyers. 2. Goal-setting: - ness results – new leads, new sales, or increased share of wallet. 3. Engagement strategies: set out under goal-setting. 4. Measurement: This is where marketers pull it all together to determine individual success of their campaigns and their actual contributions of marketing to the busi- ness. 4
  • 5. The State of Social Media Marketing Social Marketing Automation aims to identify new prospective buyers, segment them, Social CRM aims to further engaging existing customers to keep your brand top-of-mind, keep customers in the fold, or to get them to buy again or buy more from your company. Social Marketing Automation Social CRM New Buyers Existing Customers SOCIAL PROFILING WHAT ? from the social web. across social networks . WHY ? To increase your top-of-the-funnel To increase your understanding of the numbers at a fraction of what you types of followers, and have the abil- can get from disruptive advertising. ity to segment and target them with HOW? Find new social users who will ben- in a social database that allows you need to listen for people: monitor to capture demographic information and activity data (likes, shares, posts, - etc.). pressions that designate need or purchase intent. Set up your key- word-monitoring dashboards, and capture not just the mentions, but who mentions them. 5
  • 6. The State of Social Media Marketing Social Marketing Automation Social CRM New Buyers Existing Customers Use the principles of successful customer relationship management – remember WHAT ? that not all prospects and customers are the same, need the same, or have the SOCIAL PROFILE SEGMENTATION based campaigns. +5 points +10 points Made a comment Liked our page +5 point s Followed us AND SCORING WHY ? HOW? example, if you want to identify your top brand ambassadors, consider looking for social followers who have followed you for three months, have interacted with your content over 10 times across social networks, and have shared their support and love for your brand with their social graph multiple times. Once you have your SAMPLE SOCIAL SCORING USES social followers who social followers who are not customers yet but are not customers yet but likely likely to become such. to become such. - ence prospective buyers. prospective buyers. Social Engagement: The next step in moving your followers down the Social Marketing and Sales Funnel What is it that you can offer the different segments of prospects and buyers to get deeper engagement, new sales, and an increased share of wallet? 6
  • 7. The State of Social Media Marketing on marketing objective) is the process of assessing the success of your social needs to be focused on how well marketers are generating interest from new pro- spective buyers as well as the level of engagement and commitment from current - ing success with prospects and customers. 1. Lead Generation Effectiveness To understand lead generation effectiveness, you’ll need to know how many of For a complete frame- your total leads came via social channels. download our compli- - # of new leads from social channels Social Lead Gen Effectiveness = - # of total leads ics: From Social Media integration will allow you to better understand your prospective audience and determine the optimal ways to nurture ongoing relationships for new sales. 2. Marketing Program Effectiveness: To measure your overall social marketing program effectiveness, you’ll want to - analysis will help you identify optimal ways to draft future posts for the most clicks and engagement. 7
  • 8. The State of Social Media Marketing contributors to determine who was most successful in driving your current followers and customers to action. This will help guide how you allocate resources in future campaigns. social media campaign: c Social Total # of followers Reach across all social platforms By campaign then by campaign contributor) Month-over-Month Quarter-over-Quarter aware of brand Total # of # Likes + # Shares + # Retweets + # blog comments ROI of social For more social campaigns # of published posts ROI of traditional metrics refer to our or pieces of content marketing campaign Beef up your Analytics your prospects and customers now needs to contain insights from all sources: Web, social, past purchase information, and customer service interactions. customers or prospects. De-dupe, rinse, and classify. Nurture relationships with prospects across all touch points – email, web and social channels. 8
  • 9. The State of Social Media Marketing Measuring Social ROMI period of time and aims to determine the overall contributions of social marketing to the business – such as new sales, cross- and up-sells, and increased market 1. Add all your marketing expenditures Social marketing budgets: creative and outreach costs, cost of discounts and promotions, etc. I . People and resources ROMI - 2. Determine social marketing’s contribution to business results existing customers, increases in market share, etc. 3. Calculate your social ROMI Do this on a quarterly or annual basis: Social Return SOCIAL ROMI = (total # of leads, sales, cross- and up-sells) Social Investment 9
  • 10. The State of Social Media Marketing Conclusion: Growing your social ROMI & ROMO they will be in a position to affect the impact of social outreach on sales, disruptive modes of “push” advertising and move spend to nimble and responsive ways of connecting with prospects and customers via social - mendation is – start by shifting some portion of your traditional marketing dollars to social, calculate the impact, tie to business results, and then ask - - ible technology stack that helps you make informed and business-driven marketing decisions. Additional Resources - - tices to get the most value from social media investments. - sights new framework for how to drive actionable social analytics to increase marketing and sales effectiveness. - when and where to post to drive the most engagement. brand’s relationships in the social realm, the differences between internal - tices for leveraging social capital. 10
  • 11. The State of Social Media Marketing marketing–from demand generation to customer acquisition and social customer marketing software, is the only solution available that ties Social Prospecting, Social Get Connected: Follow us on Twitter @awarenessinc Join us on Facebook Social Media Marketing Mavens Join our LinkedIn Group Follow us on Pinterest 11