A recent survey from McKinsey Global showed that less than a quarter of the marketers they surveyed are using analytical tools to refine their decision-making processes, even though 39% have increased access to data and insights. Problem one, accessing the data, this is still on the increase, but problem two is the bigger challenge; businesses still struggle with measuring social success (or failure), this presentation uncovers some of the whys and provides some simple principles you can take without spending vast sums of money to track your social progress
Swan(sea) Song – personal research during my six years at Swansea ... and bey...
Why businesses struggle with social metrics
1. Social Analytics Suck
Why businesses struggle with social metrics and how you
can use simple principles to track your progress.
Joe Edwards – OTM– Digital & Social Planner
Twitter @brandjoe
2. Special TFM&A offer
20% off selected IDM training courses!
To redeem, visit theidm.com/academyoffer or come along
to the IDM stand (H1) for more details!
twitter.com/theidm
theidm.com/idmlinkedin theidm.com/training
facebook.com/theidm *Conditions apply
17. What can you measure
Unstructured – Social
Soft Harder
Influence Volume
Sentiment Likes
Intent Tweets
Interests Followers
Commentary Shares
Response
Comments
Likes
@
Clicks
18. Feel like its missing
something?
• What’s happening in the real world
• Or even what’s specifically happening
online
– How is your social activity affecting your
bottom line
19. What can you measure
Unstructured – Social Structured
Soft Harder Hardest
Influence Volume Transactional
Sentiment Likes Financial ROI
Intent Tweets
Interests Followers Demographics
Commentary Shares Name
Response Address
Comments
Likes
@
Clicks
33. Look at what happened here
80
Sales
70
60 Gross Views
50
Gross Connections
40
30 Audience
20 Engagements
10 Site Traffic
0
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Before social activity After social activity
34. There are still some gaps
• Causation
• Correlation
• What about the real world
35. Special TFM&A offer
20% off selected IDM training courses!
To redeem, visit theidm.com/academyoffer or come along
to the IDM stand (H1) for more details!
twitter.com/theidm
theidm.com/idmlinkedin theidm.com/training
facebook.com/theidm *Conditions apply
Show of hands How many marketing managers here How many analytics specialists How many marketing managers here that deal with social analytics on a day to day How many people here are using some of the bigger social analytics platforms such as Radian 6 - this talk probably is not for you… but your more than welcome to stay
Deciding on what you need to measure Deciding on how to report on the activity Working out what KPI’s you need to achieve
Finding the right tools, deciding what's best going to work for you and your business
There are litterally 100’s of solutions out there
I takes a while to set up, correct keywords, excluding keywords to ensure your measuring the right thing Then once the data starts coming in It can take time to make sense of it all - sifting through sentiment to improve accuracy is a just one of the many time consuming activities you may need to take on board.
2 measure
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The real world activity Interactions with your brand offline