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Social Media Metrics that Matter
Priscilla Selwine | Sr Business Manager | April 18 2012




                    © 2012 Regalix Inc. Confidential, All Rights Reserved
About Priscilla

 Marketing and advertising professional with over 8 years of experience
 Manages both B2B and B2C clients in helping them leverage the Internet to
   achieve their marketing goals and objectives.
 Masters in Business Administration (Marketing) and a Graduation in Mass
   Media with a specialization in Advertising.




                    © 2012 Regalix Inc. Confidential, All Rights Reserved
Social Media is here to stay…..

 Social media has grown rapidly – today
  nearly 4 in 5 active Internet users visit social
  networks and blogs
 48% of users responded to a retailers offer
  posted on Facebook or twitter
                            - Source : Neilson Online



 Social networking services will replace email
  as the main communication platform by
  2014 (Source: Gartner)




                      © 2012 Regalix Inc. Confidential, All Rights Reserved
6 Parameters to consider for your social media program


1. Listen to your customers
2. Determine your audience
3. Define your social media objective
4. Decide the right channel for you
   to participate in
5. Define your content strategy
6. Define your metrics for measuring

                 © 2012 Regalix Inc. Confidential, All Rights Reserved
Finding meaning in your metrics




            © 2012 Regalix Inc. Confidential, All Rights Reserved
Most Common mistakes with Metrics




           © 2012 Regalix Inc. Confidential, All Rights Reserved
What’s wrong with those metrics???


 Miss measuring the value to your business
 Miss measuring the contribution to the
   Social media Objective
 Miss measuring what's Critical to your
   Business
 Miss getting the holistic perspective



                 © 2012 Regalix Inc. Confidential, All Rights Reserved
What Metrics is right for you?

                 Financial




            Social Media
  Digital                                                           Branding
                  Metrics




               Risk Mgmt




            © 2012 Regalix Inc. Confidential, All Rights Reserved
DIGITAL Dimension



                                 Search Engine Traffic
                                 Social Content Consumption
                                 Influence and Influencers
                                 Network Size and Reach
    measure




              © 2012 Regalix Inc. Confidential, All Rights Reserved
Some metrics to look at

 Platform     Objective                                                Metric                    Alternate Metric


 Facebook     Customer Engagement                                      Av. #Comments/Post        Av. # Shares/Week


 Twitter      General Awareness                                        Av. New Followers/Post    Av. #RTs/Post


 LinkedIn     Thought Leadership                                       # Best Answers            # InRecommendations


 YouTube      Sales/Lead Generation                                    # Leads or Sales/View     Likes/Views


 Google+      Customer Service                                         # Hangouts/Week           NetPromoter Score


 Pinterest    General Awareness                                        # Likes/Pin               # Repins


 SlideShare   Sales/Lead Generation                                    # Leads or Sales/View     # Downloads


 iTunes       Thought Leadership                                       # Downloads/Month         Ratings


 Quora        Thought Leadership                                       # Best Answers            Referring Traffic


 Blog         General Awareness                                        # Unique Visitors/Month   Comments/P




                     © 2012 Regalix Inc. Confidential, All Rights Reserved
FINANCIAL Dimension



                                Responses on socially enabled platforms
                                Share of Wallet
                                Impact on Return Rates

   measure




             © 2012 Regalix Inc. Confidential, All Rights Reserved
Walmartlabs
Kosmix was a social media startup in the Bay Area. It was bought in 2011 by Walmart and converted into
@WalmartLabs, a research and development lab that analyzes social and mobile data for e-commerce.


 Track interests of people living around a Walmart
 Communicate to customers on their SN of choice
 Using social media to bridge the gap between online and offline.




                        © 2012 Regalix Inc. Confidential, All Rights Reserved
BRAND Dimension


                                Brand perception
                                Brand Association
                                Brand Reach
                                Brand Health
   measure




             © 2012 Regalix Inc. Confidential, All Rights Reserved
Brand Perception map




           © 2012 Regalix Inc. Confidential, All Rights Reserved
RISK MANAGEMENT Dimension




   measure




             © 2012 Regalix Inc. Confidential, All Rights Reserved
Method to the metric madness

  Who are the stakeholders
  What dimensions would they require
  Which metrics fit into these dimensions
  What is the rate of change for the time period under
   consideration
  Which tools will help tracking




               © 2012 Regalix Inc. Confidential, All Rights Reserved
Framework for tracking social media




            © 2012 Regalix Inc. Confidential, All Rights Reserved
Parting Notes

  Measure what matters
  Move away from the ‘activity syndrome’
  Ensure synergy with other marketing channels
  Use both Quantitative and Qualitative data
  Build your own custom framework




               © 2012 Regalix Inc. Confidential, All Rights Reserved
Cisco Social Media Framework




           © 2012 Regalix Inc. Confidential, All Rights Reserved
QUESTIONS



    © 2012 Regalix Inc. Confidential, All Rights Reserved
Get in Touch

 Forefront of Innovation                                                             visit: www.regalix.com
   Digital Marketing Services
   Technology Enabled Services                                                       If you have any questions about this webinar please
   Regalix Labs                                                                       feel free to get in touch with the speaker Priscilla
                                                                                       Selwine, pselwine@regalix-inc.com
 Multi-disciplinary Leadership Team & Strong Advisory
  Board, 175+ Team
                                                                                      For a free evaluation of your website / ecommerce
                                                                                       portal, please get in touch with Ritu Josan,
 Fortune 500 and Venture Backed Customers (B2B and
                                                                                       rjosan@regalix-inc.com
  B2C)


 Global Operations: HQ in Silicon Valley, 4 Offices


 Industry Recognition




                           © 2012 Regalix Inc. Confidential, All Rights Reserved                                                              21

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Social media metrics that matter april 2012 final

  • 1. Social Media Metrics that Matter Priscilla Selwine | Sr Business Manager | April 18 2012 © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 2. About Priscilla  Marketing and advertising professional with over 8 years of experience  Manages both B2B and B2C clients in helping them leverage the Internet to achieve their marketing goals and objectives.  Masters in Business Administration (Marketing) and a Graduation in Mass Media with a specialization in Advertising. © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 3. Social Media is here to stay…..  Social media has grown rapidly – today nearly 4 in 5 active Internet users visit social networks and blogs  48% of users responded to a retailers offer posted on Facebook or twitter - Source : Neilson Online  Social networking services will replace email as the main communication platform by 2014 (Source: Gartner) © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 4. 6 Parameters to consider for your social media program 1. Listen to your customers 2. Determine your audience 3. Define your social media objective 4. Decide the right channel for you to participate in 5. Define your content strategy 6. Define your metrics for measuring © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 5. Finding meaning in your metrics © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 6. Most Common mistakes with Metrics © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 7. What’s wrong with those metrics???  Miss measuring the value to your business  Miss measuring the contribution to the Social media Objective  Miss measuring what's Critical to your Business  Miss getting the holistic perspective © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 8. What Metrics is right for you? Financial Social Media Digital Branding Metrics Risk Mgmt © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 9. DIGITAL Dimension Search Engine Traffic Social Content Consumption Influence and Influencers Network Size and Reach measure © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 10. Some metrics to look at Platform Objective Metric Alternate Metric Facebook Customer Engagement Av. #Comments/Post Av. # Shares/Week Twitter General Awareness Av. New Followers/Post Av. #RTs/Post LinkedIn Thought Leadership # Best Answers # InRecommendations YouTube Sales/Lead Generation # Leads or Sales/View Likes/Views Google+ Customer Service # Hangouts/Week NetPromoter Score Pinterest General Awareness # Likes/Pin # Repins SlideShare Sales/Lead Generation # Leads or Sales/View # Downloads iTunes Thought Leadership # Downloads/Month Ratings Quora Thought Leadership # Best Answers Referring Traffic Blog General Awareness # Unique Visitors/Month Comments/P © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 11. FINANCIAL Dimension Responses on socially enabled platforms Share of Wallet Impact on Return Rates measure © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 12. Walmartlabs Kosmix was a social media startup in the Bay Area. It was bought in 2011 by Walmart and converted into @WalmartLabs, a research and development lab that analyzes social and mobile data for e-commerce.  Track interests of people living around a Walmart  Communicate to customers on their SN of choice  Using social media to bridge the gap between online and offline. © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 13. BRAND Dimension Brand perception Brand Association Brand Reach Brand Health measure © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 14. Brand Perception map © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 15. RISK MANAGEMENT Dimension measure © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 16. Method to the metric madness  Who are the stakeholders  What dimensions would they require  Which metrics fit into these dimensions  What is the rate of change for the time period under consideration  Which tools will help tracking © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 17. Framework for tracking social media © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 18. Parting Notes  Measure what matters  Move away from the ‘activity syndrome’  Ensure synergy with other marketing channels  Use both Quantitative and Qualitative data  Build your own custom framework © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 19. Cisco Social Media Framework © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 20. QUESTIONS © 2012 Regalix Inc. Confidential, All Rights Reserved
  • 21. Get in Touch  Forefront of Innovation  visit: www.regalix.com  Digital Marketing Services  Technology Enabled Services  If you have any questions about this webinar please  Regalix Labs feel free to get in touch with the speaker Priscilla Selwine, pselwine@regalix-inc.com  Multi-disciplinary Leadership Team & Strong Advisory Board, 175+ Team  For a free evaluation of your website / ecommerce portal, please get in touch with Ritu Josan,  Fortune 500 and Venture Backed Customers (B2B and rjosan@regalix-inc.com B2C)  Global Operations: HQ in Silicon Valley, 4 Offices  Industry Recognition © 2012 Regalix Inc. Confidential, All Rights Reserved 21