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Social Media ROI : How to measure it to drive
your strategy?

ISPO Snow Ice & Rock Summit
January 28th, 2014 – München, Germany
@SWiTCHAgency

Marketing
and digital communications agency
for mountain destinations
and action sports brands
in Europe and North America
CASE STUDY #1

+1.5 MILLION VIEWS
Public humiliation
è A change of priorities in
the communication strategy
for Comcast.

Now:
LEADER OF THE
CUSTOMER SERVICE ON
TWITTER
R.O.I vs R.O.N.I

« We don’t have a
choice in whether we
do social media,
the question is
HOW well we do it »
Erik Qualman (Author of Socialnomics)
TRUTH #1 : NO DIRECT EFFECT!

Social media has NO DIRECT EFFECT on sales,
but it can help...
What is at stake?
§  Brand awareness and exposure
§  Engaged and loyal community
§  Improvement of SEO and traffic to
your website
§  Reputation improvement over the
long term
And, as a result, sales boost...
TRUTH #2 : ENGAGEMENT, ENGAGEMENT, ENGAGEMENT

What is the point of having

A MILLION OF FANS
If they are not proactive?
CASE STUDY #2

HOW MANY FANS ON FACEBOOK:

Megève = Chamonix x 4

ENGAGED FANS:
Megève x 8 = Chamonix
ENGAGEMENT RATE:

Megève (0,5%) < Chamonix (19,6%)
Source : FanPage Karma, Nov. 2013
TRUTH #3 : TARGETING & TRACKING

To have the best engagement rate you must

TARGET YOUR ACTIONS
and

TRACK THE RESULTS!
FOCUS: HOW TO TARGET & TRACK?
How to get more social engagement? #1

How to get more social engagement? #2
STUDY RESULTS: TARGETING & TRACKING

Source : Social Intelligence Rapport – Adobe – 2013
CASE STUDY #3
TRUTH #4 : QUALITY vs QUANTITY

Source : Emmanuel Vivier
TRUTH #5 : CHOOSE THE RIGHT TOOLS!

Google Analytics

Tweetreach

Crowdbooster
TRUTH #6 : ADOPT THE RIGHT METRICS!

« Social media is about
PEOPLE!
Not about your business.
Provide for the people
and the people will
provide for you. »
Matt Goulart (Founder of Webstarcontent.com)
TRUTH #7 : ADAPT YOUR METRICS!
	
  

The metrics
in correlation with consumer cycle…

1. ACQUISITION
2. ENGAGEMENT

website or social media brand page visit, bounce rate, etc.
First visit satisfaction, "like", subscription to a
newsletter, etc.

3. RETENTION
4. RECOMMENDATION
5. INCOME – Final Stage where the user becomes profitable

Source : Emmanuel Vivier

Regular visits to a website,
subscription to RSS feed, etc.
To at least one
friend
TRUTH #8 : BRAND CONTENT IS KING!

How to optimize your ROI and boost your consumer cycle:	
  
WITH A RELEVANT COMMUNITY MANAGEMENT

1. Storytelling
2. High value-added content
3. Call-To-Action
HOW TO PRODUCE ORIGINAL AND
GENUINE BRAND CONTENT?

Source : Social Intelligence Rapport – Adobe – Q3 2013
HOW TO OPTIMIZE YOUR POST AND
YOUR ENGAGEMENT RATE? #1
HOW TO OPTIMIZE YOUR POST AND
YOUR ENGAGEMENT RATE? #2

Source : Social Intelligence Rapport – Adobe – Q3 2013
TRUTH #9 : MAKE IT REAL!

Mix real life and
virtual life…

…in a fun way!

Need for meaning

Trend: " gamification "
CASE STUDY #4

MAMMUT 150th Anniversary

+129K

+1M

10 755

#1

Fans on Facebook

Followers on Twitter

Views on YouTube

Longest event ever achieved in the
outdoor industy

+220

Videos on Mammut’s
YouTube Channel

Source : https://www.facebook.com/Mammut, 2012
CONCLUSION

Measure what you
know:

« YES »

§  Yes, calculate how much
your Facebook / Twitter/
etc. community
management costs you
(time, cost of tools, etc.);
§  Yes, calculate your
R.O.A.S*

And

OPTIMIZE!

*R.O.A.S. = Return On Advertising Spending
CONCLUSION

THE R.O.I IS DEAD,
LONG LIVE TO THE
R.O.E!

« NO »

§  No, there is no magic
formula for calculating
Social Media R.O.I;
§  No, you should not
expect a return on
investment.
(Sorry… L)
CONCLUSION

« Saying hello doesn’t have an ROI.
It’s about building relationships »
Gary Vaynerchuck, founder of Wine Library TV	
  
EUROPE

	
   	
  
	
  

Parc des Glaisins
13 Rue du Pré Paillard
74940 Annecy-le-Vieux
France

AMERIQUE DU NORD

CANADA

1060 Tiger Tail Dr
Riverside
CA 92506
USA

1029 Rue Longpré
Mascouche,
QC J7K 2X6
Canada

Tel. + 33 (0) 450 275 349
Cell. + 33 (0) 675 705 859
info@switchconsulting.fr

www.switchconsulting.fr

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Measure Social Media ROI and Drive Strategy

  • 1. Social Media ROI : How to measure it to drive your strategy? ISPO Snow Ice & Rock Summit January 28th, 2014 – München, Germany
  • 2. @SWiTCHAgency Marketing and digital communications agency for mountain destinations and action sports brands in Europe and North America
  • 3. CASE STUDY #1 +1.5 MILLION VIEWS Public humiliation è A change of priorities in the communication strategy for Comcast. Now: LEADER OF THE CUSTOMER SERVICE ON TWITTER
  • 4. R.O.I vs R.O.N.I « We don’t have a choice in whether we do social media, the question is HOW well we do it » Erik Qualman (Author of Socialnomics)
  • 5. TRUTH #1 : NO DIRECT EFFECT! Social media has NO DIRECT EFFECT on sales, but it can help... What is at stake? §  Brand awareness and exposure §  Engaged and loyal community §  Improvement of SEO and traffic to your website §  Reputation improvement over the long term And, as a result, sales boost...
  • 6. TRUTH #2 : ENGAGEMENT, ENGAGEMENT, ENGAGEMENT What is the point of having A MILLION OF FANS If they are not proactive?
  • 7. CASE STUDY #2 HOW MANY FANS ON FACEBOOK: Megève = Chamonix x 4 ENGAGED FANS: Megève x 8 = Chamonix ENGAGEMENT RATE: Megève (0,5%) < Chamonix (19,6%) Source : FanPage Karma, Nov. 2013
  • 8. TRUTH #3 : TARGETING & TRACKING To have the best engagement rate you must TARGET YOUR ACTIONS and TRACK THE RESULTS!
  • 9. FOCUS: HOW TO TARGET & TRACK? How to get more social engagement? #1 How to get more social engagement? #2
  • 10. STUDY RESULTS: TARGETING & TRACKING Source : Social Intelligence Rapport – Adobe – 2013
  • 12. TRUTH #4 : QUALITY vs QUANTITY Source : Emmanuel Vivier
  • 13. TRUTH #5 : CHOOSE THE RIGHT TOOLS! Google Analytics Tweetreach Crowdbooster
  • 14. TRUTH #6 : ADOPT THE RIGHT METRICS! « Social media is about PEOPLE! Not about your business. Provide for the people and the people will provide for you. » Matt Goulart (Founder of Webstarcontent.com)
  • 15. TRUTH #7 : ADAPT YOUR METRICS!   The metrics in correlation with consumer cycle… 1. ACQUISITION 2. ENGAGEMENT website or social media brand page visit, bounce rate, etc. First visit satisfaction, "like", subscription to a newsletter, etc. 3. RETENTION 4. RECOMMENDATION 5. INCOME – Final Stage where the user becomes profitable Source : Emmanuel Vivier Regular visits to a website, subscription to RSS feed, etc. To at least one friend
  • 16. TRUTH #8 : BRAND CONTENT IS KING! How to optimize your ROI and boost your consumer cycle:   WITH A RELEVANT COMMUNITY MANAGEMENT 1. Storytelling 2. High value-added content 3. Call-To-Action
  • 17. HOW TO PRODUCE ORIGINAL AND GENUINE BRAND CONTENT? Source : Social Intelligence Rapport – Adobe – Q3 2013
  • 18. HOW TO OPTIMIZE YOUR POST AND YOUR ENGAGEMENT RATE? #1
  • 19. HOW TO OPTIMIZE YOUR POST AND YOUR ENGAGEMENT RATE? #2 Source : Social Intelligence Rapport – Adobe – Q3 2013
  • 20. TRUTH #9 : MAKE IT REAL! Mix real life and virtual life… …in a fun way! Need for meaning Trend: " gamification "
  • 21. CASE STUDY #4 MAMMUT 150th Anniversary +129K +1M 10 755 #1 Fans on Facebook Followers on Twitter Views on YouTube Longest event ever achieved in the outdoor industy +220 Videos on Mammut’s YouTube Channel Source : https://www.facebook.com/Mammut, 2012
  • 22. CONCLUSION Measure what you know: « YES » §  Yes, calculate how much your Facebook / Twitter/ etc. community management costs you (time, cost of tools, etc.); §  Yes, calculate your R.O.A.S* And OPTIMIZE! *R.O.A.S. = Return On Advertising Spending
  • 23. CONCLUSION THE R.O.I IS DEAD, LONG LIVE TO THE R.O.E! « NO » §  No, there is no magic formula for calculating Social Media R.O.I; §  No, you should not expect a return on investment. (Sorry… L)
  • 24. CONCLUSION « Saying hello doesn’t have an ROI. It’s about building relationships » Gary Vaynerchuck, founder of Wine Library TV  
  • 25. EUROPE       Parc des Glaisins 13 Rue du Pré Paillard 74940 Annecy-le-Vieux France AMERIQUE DU NORD CANADA 1060 Tiger Tail Dr Riverside CA 92506 USA 1029 Rue Longpré Mascouche, QC J7K 2X6 Canada Tel. + 33 (0) 450 275 349 Cell. + 33 (0) 675 705 859 info@switchconsulting.fr www.switchconsulting.fr Suivez-nous sur