Monitoring and Measuring Social Media Conversations by Sean Moffitt, Agent Wildfire

1. Monitoring and Measuring Conversations Sean Moffitt, President & Chief Evangelist– Agent Wildfire Inc. smoffitt@agentwildfire.com

2. Blonde Guys Trying to Make the World a Better Place….

3. Communication Collaboration

4. Why Social Media?

5. 4 Camps of Social Media Benefits People Produce Content About You People Engage/ Rally Behind You People Collaborate With You People Advocate You

7. *I think a pillow should be the symbol of peace, not the dove. The pillow has more feathers than the dove, and it doesn't have that dangerous beak.

8. “ There is only one thing in the world worse than being talked about, and that is not being talked about.” Was Oscar Wilde a good social media practitioner?:

9. If one ad impression is worth $0.01-0.10 … what’s the value of a social media conversation?

10. If a newspaper publishes their print content in a blog format but turns commenting off… ..do we account for it as social media…and is it just as important as the hobbyist blogger post?

12. Would you rather have your social media be engaging… ….or Influential?

13. What’s happening more quickly… Is social media becoming more traditional… ..or is traditional media becoming more social?

14.                                     Would you like 1% of your social media audience very involved.. …or 10% of your audience somewhat involved?

15. If we hold sales people accountable for sales and operations people accountable for operations… … what do we hold social media people accountable for?

16. The 10 somewhat immutable laws of social media measurement… 10 SOCIAL MEDIA MEASUREMENT

18. …because its ½ of what your next student/employee/customer does… Source: Harrison Group 2007

19. …because it’s the new currency on how to build brands “ Something you Buy” “ Something you Trust” “ Something you Want” “ Something you Prefer” “ Something you Love” “ Something you Participate In”

21. “Social media value is trapped in the Long Tail of its metrics” Law #2 - Social Media Metrics Metrics Why Social Media benefits are trapped in the tail…

23. “It’s an intimacy medium – Participation of a few > Eyeballs of many” Law #3 - “ The Ones Who Create Ideas” “ The Ones Who Spot & Scout New Stuff” “ The Ones Who Sell and Lead Opinions” “ The Ones Who Provide Credibility” “ The Ones Who Attract Attention” “ The Ones Who Connect & Spread the Word”

24. Harnessing the Influencer Grapevine Turning small groups of Enthusiasts, Users, Customers and Consumers Into Authors, Producers, Scouts, Testers and Collaborators & Broadcasters Into Community Members, Advocates, Ambassadors and Evangelists Thinktank/ Sounding Board Scout/ Mystery Shopper Advisory Council/ Cause Torchbearer Seeded Adopter/ Beta Tester Customer User Consumer Collaborator/ Producer Evangelist/ Ambassador/ Advocate Community Member/ VIP Insider Influencer

25. “ The measurement lense depends on your perspective… Law #4 - A hustler (media/ads) A fisher (e-commerce) A surveyor (researcher/ innovation) A farmer/gardener (community owner) A sniper (PR)

26. The Influencers – 6 Archetypes A Fisher (E-commerce) “What’s my catch like?” - Visitors, conversions, sales A Hustler (Ads/Media) “How many people paid attention?” - Traffic, page views*, time spent A Sniper (PR) “Who is my most important target?” - Authority ranking, influence, velocity, comments/post A Farmer/Gardener (Community Owners) – “What am I growing/is this being cared for?” - Engagement, interaction, sentiment A Surveyor (Research/Innovation) – “What have we learned?” - Insight, quality of content, relevance

27. Social media outcomes trump traditional media inputs… Law #5 - Traditional media measurement deals with what you aired… … social media measurement deals with what actually happened Vs.

29. 1 +1 = 3 – Social Media Measurement is multi-variate Law #7 -

30. Excitement Intimacy Broader Audience Targeted UGC/CGM BUZZ VIRAL SOCIAL CAUSE COMMUNITY INFLUENCER EXPERIENTIAL AFFILIATE

31. What is your Social Media Shooting for? Reach – how far does it travel? Relevance – does it support your intended direction? Influence – who shares and passes along with who? Authority – how trusted is the source? Engagement – how involved do they get?

32. What is Your Social Media Shooting for? Interaction – do they do anything with it? Velocity – how fast does it travel? Attention – how much time do they spend with it? Sentiment – how positive are they? Net Promoter – are they recommending you?

35. There are 27 Flavors of Conversation Law #8 -

37. There are no “silver bullet” standards Law #9 -

39. One of my favourite “roll your own” examples….

41. Faith goes a long way… Law #10 -

42. What progressive companies are currently practicing? Currently Use Plan To Pilot Blogs 49% 31% RSS 47% 32% Social Networking 40% 31% Customer Service 40% 26% Podcasts 33% 41% CGC 27% 35% Wikis 21% 29% Co-creation 13% 24% Open-Source 12% 20% Virtual Worlds 9% 23% Source: Society for New Communications Research, 2007

44. Take Back to the Class Join the conversation: - Facebook, LinkedIn, Twitter - Find top 50 blogs of interest - Start commenting Start a new conversation: - Build a blog – post 27 types of conversation - Outreach to other bloggers - Produce a Social Media Release - Network out to video/photo sites - Social bookmark content Define what they should measure: - Establish metrics - Roll their own measurement - Track progress over time - Measure vs. objective Analyze results: - Prove the value of the effort - Identify improvement

45. Never Forget - Humans are Social Animals