Social Media Marketing: Measuring Metrics and ROI

Social Media Marketing is all about niche markets, it’s not about numbers. Nor is there a standardized metrics method. Therefore the methods for measuring campaign successes vary. When creating the metrics for a campaign, it is important to measure  what matters most to CWF: donations, visits, actions. For SMM, you measure actionable information. It’s in real time — as an organization, we must monitor and respond to conversation stream in services like Twitter

Resources required

  • Large-scale campaigns often done through agencies, but community manager is in-house
  • not a one-time campaign: requires ongoing maintenance and management

ROI

  • numbers of posts/comments/linked/visits / PV/donations/ subscriptions/ shop
  • profiles of people to show ROI
  • 20%  on market research

Success matrix

  • Create your own: Google blog search, twitter search, Google trends (keywords), delicious (have staffers link with specific tag – set as RSS news), Backtype – comments
  • PV, # posts, comments, sentiment of discussion, Google page rank, technorati, number of event attendees, authenticity on technorati, sales by site
  • PV on news releases
  • emails: 25 – 40% click through rate

Actual ROI

  • drove traffic & sales
    • $
    • percent ROI
  • true sales
  • increase organic search

What to measure

  • Gestures
    • vote, publish, comment, tag, forward, view, link
  • Qualities
    • frequency, tone, prominence
  • Composite Indices
    • engagement, influence, community

How to know if engaging audience (5 c’s of engagement)

  1. Creating
  2. Critiquing
  3. Chatting
  4. Collecting
  5. Clicking

Timelines

  • Daily
    • Review feeds & metrics to identify trends & need for immediate action
  • Weekly
    • Report on trends with recommendations for action
Published in: on October 6, 2009 at 12:23 pm  Leave a Comment  
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