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          @anthonybosschem




     Social Media Forum:
There’s no ROI in social media
Imagine
What do you need?
1.
Link strategy to results
2.
Make sense out of RT’s & fans
3.
Benchmark social to other
 communication channels
sneaky 4.
Don’t ever have to go
 through this again.
How will you get there?
Ditch ROI,
You have no reliable ‘R’
What do you have?
1.
Cost per channel
  The ‘I’ in ROI
2.
A shitload of KPI’s
   per channel
3.
A strict yet flexible
   buying cycle
Awareness   Appreciation




Advocacy      Action
Link it
Awareness
Impressions
Newsletter
  opens            Post Views

          Impressions
Views              Banner
                 Impressions
        ...
Appreciation
Engagement
Followers
              Mentions
Fans                     ...
           Engagement
   Lists              Likes
              Comments
Subscribers
Action
Leads
Forms
submitted            Coupons

             Leads        ...
   Hard
conversion      Whitepaper
                downloads
Advocacy
Referrals
Mentions
                      Reviews
          Referrals        ...
 Status
updates
             Inbound
               links
If we put all this together
Connect KPI’s to A’s
            Awareness Appreciation          Action        Advocacy
           Impressions Engagement           Leads         Referrals


                                           Attributed
                            Fans/
                                          Conversions/    Mentions in
Facebook    Post views    Comments/
                                            Coupon       status updates
                           Wall posts
                                           downloads

                         Inbound links/
                                           Attributed      External
  Blog      Pageviews      Comments/
                                          Conversions      Reviews
                          Social shares
Hey, this looks like
a balanced scorecard!
Enter cost
Monthly Facebook cost
       € 1000 1/4 FTE
        € 500 Outsourced
        € 250 Hosting Apps
  +     € 250 Used tools
       € 2000
Connect cost to KPI’s
                 Awareness Appreciation   Action   Advocacy
                Impressions Engagement    Leads    Referrals



   2000 €
                   1000         150         10        25
Facebook Cost
Connect cost to KPI’s
                 Awareness Appreciation      Action        Advocacy
                Impressions Engagement       Leads         Referrals



                    €6           € 13                        € 80
   2000 €                                     € 200
                  Cost per     Cost per                     Cost per
Facebook Cost                              Cost per Lead
                 Impression   Engagement                    Referral
Do this for every channel
Benchmark channels
  Awareness    Appreciation




   Action       Advocacy
Benchmark channels
  Awareness    Appreciation




  Advocacy       Action
Benchmark channels
  Awareness         Appreciation


              ...


  Advocacy            Action
40

30

20

10

 0
     Awareness   Appreciation   Action   Advocacy



                                   Translate strategy
50

37,5

 25

12,5

  0
       Awareness   Appreciation    Action   Advocacy



                                  Compare with results
Detect responsible channel
   Cost per       Cost per
  Impression     Engagement




   Cost per       Cost per
   Referral        Lead
Reallocate resources
   Cost per       Cost per
  Impression     Engagement




   Cost per        Cost per
   Referral         Lead
30

22,5

 15

 7,5

  0
       Awareness   Appreciation   Action     Advocacy



                                           Evaluate effect
This is not new
IAB Framework



©Source: http://www.iabuk.net/en/1/iabaunchessocialmediameasurmentframework140710.mxs
Foundation for Measurement Standards



©Source: http://www.iab.net/about_the_iab/recent_press_releases/press_release_archive/press_release/pr-061311
It’s been done before



©Source: http://www.balancedscorecard.org/
And that’s a good thing
Questions?
Tnx!
Bart De Waele     W:  www.talkingheads.be
        E:   bartdewaele@talkingheads.be       E: info@talkingheads.be

                       T: +32 495 51 36 36     T: +32 9 335 22 71



                             Sofie Verhalle         Bart Debunne
        E:   sofieverhalle@talkingheads.be     E: bartdebunne@talkingheads.be
                         T: +32 478 20 84 11   T: +32 486 76 70 26



                        Anthony Bosschem            Joke De Nul
E:   anthonybosschem@talkingheads.be           E: jokedenul@talkingheads.be
                    T: +32 485 15 66 13        T: +32 486 41 84 30

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There's no ROI in social media

Editor's Notes

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