Measuring the ROI of Social Media

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Measuring the ROI of Social Media Leigh George | Vice President September 2013

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Transcript of Measuring the ROI of Social Media

Page 1: Measuring the ROI of Social Media

Measuring the ROI of Social Media

Leigh George | Vice PresidentSeptember 2013

Page 2: Measuring the ROI of Social Media

@leighgeorge

#MAMSummit

Why should I spend money on social?

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@leighgeorge

#MAMSummit

Most of us are measuring the wrong stuff

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@leighgeorge

#MAMSummit

Measure “hard” objectives

• Increase awareness among target audience by 15%

• Increase revenue to $5M

• Drive 15,000 downloads of fact sheet on the importance of health screening

• Encourage 20,000 adults to quit smoking

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@leighgeorge

#MAMSummit

Reach

• What’s the total size of the audience exposed to the message?

• What’s the target audience exposed to the message?

Preference

• What’s the exposed audience’s preference for brand?

Action

• What bottom line actions did the exposed audience take, e.g. purchase?

Use a results-focused measurement framework

Positioning

• What’s the exposed audience’s perception of the brand?

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#MAMSummit

KPIs vs. diagnostic metrics

KPIs

Are we winning or losing?

• KPIs should align to the brand’s business objectives

• Are our social media efforts affecting behavior as we want?

Diagnostic Metrics

Which levers do we need to pull?

• Identify what changes need to be made to engagement strategy in order to improve KPI performance

• Are we executing our messaging strategy properly?

• Is our content resonating?

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#MAMSummit

How we measure

KP

Is

Video Views

Number of Wall Posts

Number of New Fans/Likes

Reach and Positioning ActionPreference

Impressions, Share of Relevant Voice

Attributable Leads/Sales/Behaviors

Sentiment, Share of Positive Voice

Survey-based Brand Positioning

Survey-based Sales/BehaviorsSurvey-based Brand Preference

Likes Per Post

Media Uploads (videos, photos)

Link Click-throughs

Link Shares

Dia

gnos

tic M

etric

s

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1. Number of women who hear about the program2. Percentage of women surveyed who said they would marry John3. Listening to hallway gossip to find the percentage of women who

think thinks John is more husband material than Irfan4. Number of marriage proposals John gets pre “Date Doctor” program

and post program5. Number of women/guys who friend John on Facebook6. Number of times a women views John’s “I want to get married video”7. Number of people who enter the “I want to marry John contest”

Exercise: KPI or Diagnostic Metric?Objective: Find John Mayer a wife

Reach Positioning Preference Action

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#MAMSummit

Client pitch•Budget•Measurement expert

Setting Objectives•Development of benchmarks and goals

•Development of surveys

•Measurement expert

Strategy and Activation Planning•Administer pre-launch surveys

•Start monitoring program

Launch Program•Interim surveys and metric analysis

Checkpoints and Program Adjustments

every 1-3 months

Measurement and Evaluation•Measurement expert

•Final survey•Analysis

Incorporate measurement at every stage

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#MAMSummit

Always-on cross media attribution tracking

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Leigh GeorgeVice PresidentSocial@Ogilvy

Email: [email protected]: @leighgeorgeLinkedIn: linkedin.com/in/leighgeorge

Connect with me

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