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DEFINE AND MEASURE
ENGAGEMENT IN
SOCIAL MEDIA
Aurélie Hornoy – Digital Performance Lead, Valtech Corp.
www.valtech.com
twitter: @aurhor
Social Media and ROI:
                a tangible evidence




5 April 2010    9 August 2011   22 March 2011   4 March 2011   19 July 2011




                 5 June 2012…
Measuring Social Media:
                a real challenge
                                               RELATION



   VOLUME                ENGAGEMENT

                                              VALUABLE
                                               SIGNAL

                                                 Valuable
   NOISE                   SIGNAL                marketing
                                                 data

Comments, posts,       Interactions between
likes, shares,         the brand and the
retweets...            customer
Measuring Social Media:
HEIGHT    volume vs valuable signal
VOLUME                                              DEPTH
                                                    SIGNAL
                                                    UTILE
                                                 Video Example:
                                                 # of Comments




         Video Example
           # of Views


                         Video Example
                          # of Shares




                                         WIDTH
                                         ENGAGEMENT
What about the value of influence?
Relation between social & business
   From « likes » to reducing the cost of acquisition of a sales lead…
   The mandatory path

                                          Youtube view                        Retweet
                                                        Facebook fans, followers
                                                                       Non
                                         Positive WOM                                  Financial
  Investment                    Action       Reaction               financial
                                                               Visitors to a brick and mortar store
                                                                                        impact
                                                                     impact
                                         Positive impression
                                                                   Negative impression
                                         Blog comments                       Social mention
                                                   Website visitors      Delivered emails…




Source : thebrandbuilderwordpress.com
Relation between social & business
From « likes » to reducing the cost of acquisition of a sales lead…
A gap between the brand and the consumer
                               A gap in the
                               perception




                        Source : from social media to Social CRM-IBM, fev-2011
Defining a framework

Strategy        Metrics            Organization    Technology




 LISTEN                   DECIDE                  ACT
Strategy             Metrics            Organization     Technology


DEFINE YOUR BUSINESS OBJECTIVES IN SOCIAL MEDIA



                           Innovation                       Brand Health
                           Collaborating with customers     A measure of attitudes, conversation
                           to drive future products and     and behavior toward your brand
                           services




    Customer Experience                                                Marketing Optimisation
    Improving your relationship with                                   Improving the effectiveness of
    customers, and their experience                                    marketing programs
    with your brand




                   Operational Efficiency                   Revenue Generation
                   Where and how your company               Where and how your company
                   reduces expenses                         generates revenu
Strategy    Metrics      Organization       Technology


DEFINE YOUR SOCIAL MEDIA KPIs

                                    • Share of Voice
                                    • Audience Engagement
              Foster dialog
                                    • Conversation Reach



                                    • Resolution Rate
                                    • Resolution Time
            Facilitate Support
                                    • Satisfaction Score



                                    • Topic Trends
                                    • Sentiment Ratio
             Spur Innovation
                                    • Idea Impact
                                    • Impact de l’idée

                                    • Communuty Impact
            Generate Revenue,       • Marketing Campaigns Insights
            Marketing Efficiency    • Share of visitors from Social Networks
Strategy      Metrics         Organization        Technology




Faciliter le
   Foster Dialog                Evaluating the value of your content
 dialogue

                                     Brand Mentions
      Share of Voice     =   Total Mentions (Brand + Competitor A, B, C, …n)



                             Comments + Shares + Trackbacks
        Engagement       =              Total Views




       Conversation            Total People Participating
          Reach
                         =     Total Audience Exposure
Strategy           Metrics         Organization      Technology




      Facilitate
                                    Evaluate your capability to answer your
      Support
                                    customer’s questions and expectations

             Issue               Total # Issues Resolved Satisfactorily
           Resolution        =        Total # Service Issues
              Rate



                                 Total Inquiry Response Time
           Resolution
             Time
                             =       Total # Service Inquiries




                                      Customer Feedback (input A, B, C…n)
           Satisfaction
              Score
                             =       All Customer Feedback
Strategy         Metrics         Organization      Technology




Encourager
         Spur
                                   Evaluate your capabilities in
l’innovation
      Innovation
                                   listening and transparency


                                 # of Specific Topic Mentions
               Topic
              Trends         =           All topic Mentions




                                 Positive : Neutral : Negative Brand Mentions
             Sentiment
               Ratio
                             =         All Brand Mentions




                                 # of Positive Conversations, Share, Mentions
               Idea
              Impact
                             =   Total Idea Conversations, Shares, Mentions
Strategy           Metrics          Organization          Technology




Generate Revenue,                 Evaluate the relevance and impact of your
Marketing Efficiency              digital marketing actions


                                 Retweets + likes + fans per dollar spent of Campaign A
        Marketing
       Optimization          =   Retweets + likes + fans per dollar spent of Campaign B




                                 Average Purchase value on Social Network Community
           Operational
            Efficiency
                             =   Average Purchase Value [all channels]




                                 Total Website Visitors from SNC who have returned within Past 30 Days
            Revenue
           Generation
                             =   Total Website Visitors from SNC
Strategy         Metrics       Organization       Technology




Norm                                                           CULTURE
• Adaptive business

Key values in Marketing
   Reactive and predictive

                                                                 BUSINESS
Analytics principle                                               GOALS
• « le 10/90 »

Technical challenges
• Storing datas in one single place
• Maintaining continuous
   improvements for automation
                                                               CONTEXT
                             SOCIAL MEDIA ANALYTICS MANAGEMENT
Strategy          Metrics    Organization   Technology




           Data vs Intuition: How to create your
                 social media scorecard
           COLLECT DATA
 1         CONVERGENCE & AUTOMATION
           HOLISTIC VIEW                                 SEO

           DATA ANALYSIS
 2         COMBINATION & CORRELATION                     SOCIAL
                                                         MEDIA
           IMPACT AND INFLUENCE ON THE BUSINESS


           DATA REPORTING
                                                         PPC
 3         MAKING THE DATA MORE READABLE
           SPEED AND RELEVANCE OF ACTIONS
Strategy         Metrics       Organization     Technology




 Your enterprise, for listening to it’s customers, has to:

 •    … build a process for analytics that is adapted to the size of it’s global
      organization

 •    … be able to adapt and to handle the large flows of signals and data as they
      arrive, using a tool that can scale and still provide real time outputs

 •    … include every kind of channels in the platform (social media, mobile,
      online, offline, ...) in order to be able to correlate data and to prove the
      causality in correlations in all your marketing actions

 •    … collect and produce quality data to help you generate business value in
      your marketing actions, in a continuous mode
THANK YOU!
Aurélie Hornoy – Digital Performance Lead, Valtech Corp.
www.valtech.com
twitter: @aurhor

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Sma 06032012 metrics and metholodogy - en

  • 1. DEFINE AND MEASURE ENGAGEMENT IN SOCIAL MEDIA Aurélie Hornoy – Digital Performance Lead, Valtech Corp. www.valtech.com twitter: @aurhor
  • 2. Social Media and ROI: a tangible evidence 5 April 2010 9 August 2011 22 March 2011 4 March 2011 19 July 2011 5 June 2012…
  • 3. Measuring Social Media: a real challenge RELATION VOLUME ENGAGEMENT VALUABLE SIGNAL Valuable NOISE SIGNAL marketing data Comments, posts, Interactions between likes, shares, the brand and the retweets... customer
  • 4. Measuring Social Media: HEIGHT volume vs valuable signal VOLUME DEPTH SIGNAL UTILE Video Example: # of Comments Video Example # of Views Video Example # of Shares WIDTH ENGAGEMENT
  • 5. What about the value of influence?
  • 6. Relation between social & business From « likes » to reducing the cost of acquisition of a sales lead… The mandatory path Youtube view Retweet Facebook fans, followers Non Positive WOM Financial Investment Action Reaction financial Visitors to a brick and mortar store impact impact Positive impression Negative impression Blog comments Social mention Website visitors Delivered emails… Source : thebrandbuilderwordpress.com
  • 7. Relation between social & business From « likes » to reducing the cost of acquisition of a sales lead… A gap between the brand and the consumer A gap in the perception Source : from social media to Social CRM-IBM, fev-2011
  • 8. Defining a framework Strategy Metrics Organization Technology LISTEN DECIDE ACT
  • 9. Strategy Metrics Organization Technology DEFINE YOUR BUSINESS OBJECTIVES IN SOCIAL MEDIA Innovation Brand Health Collaborating with customers A measure of attitudes, conversation to drive future products and and behavior toward your brand services Customer Experience Marketing Optimisation Improving your relationship with Improving the effectiveness of customers, and their experience marketing programs with your brand Operational Efficiency Revenue Generation Where and how your company Where and how your company reduces expenses generates revenu
  • 10. Strategy Metrics Organization Technology DEFINE YOUR SOCIAL MEDIA KPIs • Share of Voice • Audience Engagement Foster dialog • Conversation Reach • Resolution Rate • Resolution Time Facilitate Support • Satisfaction Score • Topic Trends • Sentiment Ratio Spur Innovation • Idea Impact • Impact de l’idée • Communuty Impact Generate Revenue, • Marketing Campaigns Insights Marketing Efficiency • Share of visitors from Social Networks
  • 11. Strategy Metrics Organization Technology Faciliter le Foster Dialog Evaluating the value of your content dialogue Brand Mentions Share of Voice = Total Mentions (Brand + Competitor A, B, C, …n) Comments + Shares + Trackbacks Engagement = Total Views Conversation Total People Participating Reach = Total Audience Exposure
  • 12. Strategy Metrics Organization Technology Facilitate Evaluate your capability to answer your Support customer’s questions and expectations Issue Total # Issues Resolved Satisfactorily Resolution = Total # Service Issues Rate Total Inquiry Response Time Resolution Time = Total # Service Inquiries Customer Feedback (input A, B, C…n) Satisfaction Score = All Customer Feedback
  • 13. Strategy Metrics Organization Technology Encourager Spur Evaluate your capabilities in l’innovation Innovation listening and transparency # of Specific Topic Mentions Topic Trends = All topic Mentions Positive : Neutral : Negative Brand Mentions Sentiment Ratio = All Brand Mentions # of Positive Conversations, Share, Mentions Idea Impact = Total Idea Conversations, Shares, Mentions
  • 14. Strategy Metrics Organization Technology Generate Revenue, Evaluate the relevance and impact of your Marketing Efficiency digital marketing actions Retweets + likes + fans per dollar spent of Campaign A Marketing Optimization = Retweets + likes + fans per dollar spent of Campaign B Average Purchase value on Social Network Community Operational Efficiency = Average Purchase Value [all channels] Total Website Visitors from SNC who have returned within Past 30 Days Revenue Generation = Total Website Visitors from SNC
  • 15. Strategy Metrics Organization Technology Norm CULTURE • Adaptive business Key values in Marketing Reactive and predictive BUSINESS Analytics principle GOALS • « le 10/90 » Technical challenges • Storing datas in one single place • Maintaining continuous improvements for automation CONTEXT SOCIAL MEDIA ANALYTICS MANAGEMENT
  • 16. Strategy Metrics Organization Technology Data vs Intuition: How to create your social media scorecard COLLECT DATA 1 CONVERGENCE & AUTOMATION HOLISTIC VIEW SEO DATA ANALYSIS 2 COMBINATION & CORRELATION SOCIAL MEDIA IMPACT AND INFLUENCE ON THE BUSINESS DATA REPORTING PPC 3 MAKING THE DATA MORE READABLE SPEED AND RELEVANCE OF ACTIONS
  • 17. Strategy Metrics Organization Technology Your enterprise, for listening to it’s customers, has to: • … build a process for analytics that is adapted to the size of it’s global organization • … be able to adapt and to handle the large flows of signals and data as they arrive, using a tool that can scale and still provide real time outputs • … include every kind of channels in the platform (social media, mobile, online, offline, ...) in order to be able to correlate data and to prove the causality in correlations in all your marketing actions • … collect and produce quality data to help you generate business value in your marketing actions, in a continuous mode
  • 18. THANK YOU! Aurélie Hornoy – Digital Performance Lead, Valtech Corp. www.valtech.com twitter: @aurhor