Marketing Panel Discussion: Measuring the Impact of Social Media

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Marketing Panel Discussion: Measuring the Impact of Social Media Marketing Professionals Track Brian Halligan, HubSpot Melissa Lacitignola, Zappos Frank Eliason, Citi

description

There are about eleventy jabillion conversations taking place via social media at all times. You may already have a social media strategy, but do you have a way to measure the impact of your efforts? Join us to hear from several companies about the actual returns they're seeing from their programs. We'll also have vendors on hand who can demonstrate new tools to help you measure and evaluate the success of your efforts. The social media marketing landscape is evolving daily. Find out how you can stay ahead!

Transcript of Marketing Panel Discussion: Measuring the Impact of Social Media

Page 1: Marketing Panel Discussion: Measuring the Impact of Social Media

Marketing Panel Discussion: Measuring the Impact of Social Media

Marketing Professionals Track

Brian Halligan, HubSpotMelissa Lacitignola, ZapposFrank Eliason, Citi

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Agenda Slide

Introductions

Brian Halligan, HubSpot

Melissa Lacitignola, Zappos

Frank Eliason, Citi

Q & A

@marcusnelson #df10

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AUDIENCE POLL

@marcusnelson #df10

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Social Media’s Place Within the Organization

@marcusnelson #df10

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Proving ROI is a Challenge

@marcusnelson #df10

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Brian Halligan

HubSpot

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HubSpot 3600 Customers 200 Employees

@bhalligan #df10

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Measure “Reach” Not Email List Size

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10

HubSpot Reach

SlidesShare Followers

YouTube Subscribers

Company Blog Subscribers

iTunes Subscribers

FaceBook Fans

Facebook Inbound Marketers

HubSpot Blog Subscribers

LinkedIn HubSpot Followers

LinkedIn Inbound Marketers

Twitter Followers (@grader + @hubspot)

Email DB

@bhalligan #df10

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Measure Reach vs The Joneses

@bhalligan #df10

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“Funnel” Measurement Has Evolved

@bhalligan #df10

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Closed Loop Funnel Measurement

@bhalligan #df10

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Closed Loop Social Media Measurement

@bhalligan #df10

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Social Media is not magic.

Joining Facebook (or Twitter, or LinkedIn) will not revolutionize your company or your marketing.

@bhalligan #df10

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Don’t dip yourtoe in the water.

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Jump in ALL THE WAY.

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Success = Content + Social Media

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Success = R0 + Reach

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R0 = Reproduction Rate (The average number of new infections a single infection case will cause)

Success = R0 + Reach

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Let R0 = .05

@bhalligan #df10

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Let R0 = .1

@bhalligan #df10

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Let R0 = .2

@bhalligan #df10

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Melissa Lacitignola

Zappos

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All About Zappos.com

• Founded in 1999 in San Francisco• Open 24/7 – 365 days a year• We have two locations – Las Vegas, NV &

Shepherdsville, KY • Grew sales from almost nothing in 1999 to over $1

billion in gross merchandise sales in 2008• Acquired by Amazon in 2009• #1 driver of growth is through repeat customers

and word of mouth· • We’re a service company who happens to shoes,

apparel, handbags, etc…· • Customer service is not a department, it’s the

entire company.

@moelissa #df10

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@moelissa #df10

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“People may not remember exactly what

you did or what you said, but they will always remember how you

made them feel.”

@moelissa #df10

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Twitter

@moelissa #df10

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Facebook

@moelissa #df10

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Yeah…We’re Different

@moelissa #df10

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Opposite mindset of standard

efficiency metrics

@moelissa #df10

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Social is an opportunity to make a personal connection.

@moelissa #df10

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Not measuring what we get,

but what we give.

@moelissa #df10

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We want to drive up engagement

@moelissa #df10

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In the end, social is an input to the result of an NPS score.

@moelissa #df10

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Social is an investment. We don’t need to come up positive in

social investment.

@moelissa #df10

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“We’re in the stories and memories business.”

– Tony Hsieh, CEO

@moelissa #df10

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Social Helps Us Build Relationships With Returning Customers.

@moelissa #df10

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On any given day, about 75% of purchases come from returning customers.

@moelissa #df10

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Repeat customers order more than

2.5x in 12 months.

@moelissa #df10

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Customers come back, order more and order more often…

Fact: Repeat customers have higher average order size

@moelissa #df10

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Social Metrics are simply measuring outward expressions of internal emotions.

Optimize towards increasing those emotions.

@moelissa #df10

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Yes, we DO get numbers.

Referrals for Social Sites to Zappos.com Traffic and revenue from Facebook Daily Product likes, shares and reshares Traffic and revenue from Facebook ads General traffic and revenue among visits via Twitter “Likers” hidden from news feed

@moelissa #df10

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Our Toolbox

SAS

Radian 6

Buddy Media

Facebook Analytics

Google Analytics

In-house Analytics Tool

@moelissa #df10

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@moelissa #df10

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Frank Eliason

Citi

@frankeliason #df10

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Brian Halligan

CEO

Melissa Lacitignola

Video/Blog Supervisor

Question & Answer

Frank Eliason

SVP, Social Media

#df10

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Jump in all the way!

Content, content, content

Social Media is an investment for your brand.

Measure what you feel is important, but know that THE most important thing is your customer’s satisfaction.

It’s called social – so BE SOCIAL

As long as you’re providing the best customer service in that space, then you're measuring positive.

Key Take Aways

#df10

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Measuring the Impact of Social Media

Thank you for joining us!

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