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SOCIAL CURRENCY:
How to Assess the Value of Social Posts
Social Currency:
How to Assess the Value of Social Posts
Session Hashtag: #ValueofSM
Tuesday, November 4th
5:15 – 5:45 PM
@crowdster
@crowdster
This year,
Mobile Devices will
outnumber humans.
(mashable)
A World Gone Mobile
Social Media is accessible 24/7, across the world-
The average
smartphone user
checks their
phone
150x
per day
(mashable)
@crowdster
Society Shifts to Social
People rely on networks, not ads -
84% trust recommendations over other forms of marketing
81% influenced to purchase from friends social posts
71% more likely to purchase based on social referral
49% say their friends are their top sources of brand awareness
(Neilsen 2013)
(MarketForce)
(Hubspot)
(Jack Morton)
@crowdster
Budget Shifts to Social
Marketing Budget Sources For Twitter
(Adage)
NEW SPENDING
58.6% EMAIL
12.3%
7.5%
ONLINE LEAD
GENERATION
ONLINE
DISPLAY
16.6%
5.1%ONLINE CLASSIFIEDS
OFFLINE
PRINT/RADIO
OUTDOOR
17.6%
TV
9.9%
SEARCH
10.8%
@crowdster
Earned Media Value
How to compare platforms and posts?
Average valuations from over 20 sources:
(SocialChorus)
Bottom line:
Engagement triumphs
over likes and follows.
$853.00 - Blog Posts
$10.17 - Facebook Shares
$5.00 - Twitter Mentions & Retweets
$2.25 - Twitter Followers
$1.60 - Facebook Likes
$0.38 - YouTube Views
@crowdster
L / UpM x (LpD x 30) x (C/L) x CR x ACV = Value of a Like
(Hubspot)
L= Likes (Audience)
UpM= Unlikes per Month (Audience depletion)
LpD= Links per Day (Posts published per day)
C = Average Clicks (on posting site or social platform)
CR = Conversion Rate (How often posts translate into leads)
ACV = Average Conversion Value (Depends on your offering)
174 Likes/1UpM x (1.5LpD x 30) x 1/174 x .8% x $100 = $.02
(Lynton Web)
Impact Media Value
How to value posts and incentivize accordingly:
• Volume of Mentions
• Sentiment Polarity
• Authority of Source / Source exposure weighting
• Earned media value of $5 CPM as a benchmark
Opportunities emerging already:
• Popular Pays (Instagram accounts with 500+ followers can get rewards)
• Klout perks
• General Sentiment (Media Matching)
• Izea – Celebrity Social Media Sponsorships
@crowdster
Social ROI Methodology Celebrities
Bloggers
Fans
Friends
More
Reach
More
Influence
@crowdster
42
48
48
68
69
84
0 10 20 30 40 50 60 70 80 90
Online Banner Ads
Ads in Search Engine Results
Ads on Social Networks
Consumer Opinions Online
Branded Websites
Recommendations from people I know
Consumer Trust in Advertising (Neilsen 2013)
@crowdster
Peer-To-Peer
Engagement
Consumer Stories
on Steroids
@crowdster
Engage The
Storyteller
Incentives &
Gamification
30% boost in social value
@crowdster
• Identify key influencers
• Incentivize brand advocates
• Understand social ROI
• Justify social media spending
• Generate new revenue streams
Benefits of
Social Valuation:
@crowdster
Tweet78
Hey @Crowdster – What is the value of my post?
#eventtechlive
Compose new Tweet x
Add photo Add location
EventTech Social Currency Jenn Maffeo

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EventTech Social Currency Jenn Maffeo

  • 1. SOCIAL CURRENCY: How to Assess the Value of Social Posts
  • 2. Social Currency: How to Assess the Value of Social Posts Session Hashtag: #ValueofSM Tuesday, November 4th 5:15 – 5:45 PM @crowdster
  • 3. @crowdster This year, Mobile Devices will outnumber humans. (mashable) A World Gone Mobile Social Media is accessible 24/7, across the world- The average smartphone user checks their phone 150x per day (mashable)
  • 4. @crowdster Society Shifts to Social People rely on networks, not ads - 84% trust recommendations over other forms of marketing 81% influenced to purchase from friends social posts 71% more likely to purchase based on social referral 49% say their friends are their top sources of brand awareness (Neilsen 2013) (MarketForce) (Hubspot) (Jack Morton)
  • 5. @crowdster Budget Shifts to Social Marketing Budget Sources For Twitter (Adage) NEW SPENDING 58.6% EMAIL 12.3% 7.5% ONLINE LEAD GENERATION ONLINE DISPLAY 16.6% 5.1%ONLINE CLASSIFIEDS OFFLINE PRINT/RADIO OUTDOOR 17.6% TV 9.9% SEARCH 10.8%
  • 6. @crowdster Earned Media Value How to compare platforms and posts? Average valuations from over 20 sources: (SocialChorus) Bottom line: Engagement triumphs over likes and follows. $853.00 - Blog Posts $10.17 - Facebook Shares $5.00 - Twitter Mentions & Retweets $2.25 - Twitter Followers $1.60 - Facebook Likes $0.38 - YouTube Views
  • 7. @crowdster L / UpM x (LpD x 30) x (C/L) x CR x ACV = Value of a Like (Hubspot) L= Likes (Audience) UpM= Unlikes per Month (Audience depletion) LpD= Links per Day (Posts published per day) C = Average Clicks (on posting site or social platform) CR = Conversion Rate (How often posts translate into leads) ACV = Average Conversion Value (Depends on your offering) 174 Likes/1UpM x (1.5LpD x 30) x 1/174 x .8% x $100 = $.02 (Lynton Web) Impact Media Value
  • 8. How to value posts and incentivize accordingly: • Volume of Mentions • Sentiment Polarity • Authority of Source / Source exposure weighting • Earned media value of $5 CPM as a benchmark Opportunities emerging already: • Popular Pays (Instagram accounts with 500+ followers can get rewards) • Klout perks • General Sentiment (Media Matching) • Izea – Celebrity Social Media Sponsorships @crowdster Social ROI Methodology Celebrities Bloggers Fans Friends More Reach More Influence
  • 9. @crowdster 42 48 48 68 69 84 0 10 20 30 40 50 60 70 80 90 Online Banner Ads Ads in Search Engine Results Ads on Social Networks Consumer Opinions Online Branded Websites Recommendations from people I know Consumer Trust in Advertising (Neilsen 2013)
  • 12. @crowdster • Identify key influencers • Incentivize brand advocates • Understand social ROI • Justify social media spending • Generate new revenue streams Benefits of Social Valuation:
  • 13. @crowdster Tweet78 Hey @Crowdster – What is the value of my post? #eventtechlive Compose new Tweet x Add photo Add location