3 essential steps for measuring the impact of your social media activity

21
for measuring the impact of your Social Media Activity 3 Essential Steps CIARÁN REGAN March 2011

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3 Essential Steps for measuring the impact of your Social Media Activity

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Page 1: 3 Essential Steps for Measuring the Impact of your Social Media Activity

for measuring the impact of your Social Media Activity

3 Essential Steps

CIARÁN REGANMarch 2011

Page 2: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Our approach will answer two fundamental questions for any social media activity. You will learn:

• How you should measure • What you should measure

Page 3: 3 Essential Steps for Measuring the Impact of your Social Media Activity

How you should measure

Page 4: 3 Essential Steps for Measuring the Impact of your Social Media Activity

How you should measure

Step 1: Your Objective

• Define your business objective

• Ensure you measure based on that specific objective

Page 5: 3 Essential Steps for Measuring the Impact of your Social Media Activity

• Positioning yourself or your company online

• Audience engagement

• Conversational reach

Some sample objective(s) you

may have are as follows:

How you should measure

Page 6: 3 Essential Steps for Measuring the Impact of your Social Media Activity

How you should measure

Your Plan

• Develop a measurement plan

• Everyone involved can see what is being monitored and what is not.

• Create milestones, this sets expectations for everyone involved in the campaign.

Step 2:

Page 7: 3 Essential Steps for Measuring the Impact of your Social Media Activity

• Each company or campaign has specific requirements.

• You must determine the purpose of your campaign

How you should measure

Page 8: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Do you want to:

• Have users produce content about you?

• Have users engage with you?

• Have users recommend you?

Campaign Purpose:An example of

your activity may be:

How you should measure

Page 9: 3 Essential Steps for Measuring the Impact of your Social Media Activity

How you should measure

Your GoalsYou must define your campaign GOALS:

• Be slightly aggressive with your Goals

• Stick to these Goals

• Define what a successful outcome is to you

• Think about what needs to be done in order to achieve them

Step 3:

Page 10: 3 Essential Steps for Measuring the Impact of your Social Media Activity

How you should measure

Be specific when setting weekly or monthly

GOALS:

Sample Goals for your campaign:

• Grow your collective fanbase on social networks by X amount.

• Increase traffic to your website from social networks by X amount.

• Increase online downloads, donations or registrations by X amount.

GOALS

Page 11: 3 Essential Steps for Measuring the Impact of your Social Media Activity

What you should measure

Page 12: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Valuable and relevant measurementrequires a combination of Qualitative and Quantitative metrics.

What you should measure

Page 13: 3 Essential Steps for Measuring the Impact of your Social Media Activity

What you should measure

Sample MetricCategories for your

campaign content willinclude the following:

RelevanceReach

Engagement

Influence

Attention Sentiment

Page 14: 3 Essential Steps for Measuring the Impact of your Social Media Activity

• Selecting a tool or set of tools that track

across many media channels.

• Producing custom reports for your campaign

This can be achieved by

the following:

What you should measure

Page 15: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Some Free and Paid Tools I Suggest are:Free Tools include:

Your Tool or Platform selection should depend on your

campaign purpose, outlined earlier.

What you should measure

FacebookInsights

Your SocialMonitor

Google Analytics

Twitter Search Klout Hootsuite

Page 16: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Fee Based Tool suggestions are:Tool selectionshould depend on

campaign purpose

What you should measure

Basic (Fee)

Advanced (Fee)

AwarenessHub

WildfireApp

Uber Vu

Radian 6 BuddyMedia

LithiumPlatform

Page 17: 3 Essential Steps for Measuring the Impact of your Social Media Activity

I recommend you begin with standard metrics.

So, what exactlyare we measuring?

What you should measure

• Website landing page traffic from social networks• Fanbase size across all networks• Brand / Product / Service mentions

Page 18: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Then move into Specific metrics.

So, what exactlyare we measuring?

What you should measure

Influence: Gauge how influential your users are andtarget the most influential with your content.

Engagment: Assess the nature of your user activity,how are they engaging with your content, is thisincreasing our time, is it being forwarded and

shared

Inbound Traffic: Are users from social networks staying on your site?

Page 19: 3 Essential Steps for Measuring the Impact of your Social Media Activity

Specific metrics continued...

So, what exactlyare we measuring?

What you should measure

Interaction: Are numbers of active fans increasingConversion of passive fans to interactive fans.Commenting v reading, repeat comments.

Sentiment: Assess whether activity is positive or negative

Page 20: 3 Essential Steps for Measuring the Impact of your Social Media Activity

• Measure and record• Build reports• Match against goals• Keep setting goals• Keep listening

So, what have we learned…

Conclusion

Bring the conversation closer!

Page 21: 3 Essential Steps for Measuring the Impact of your Social Media Activity

If you would like to know more information on this please email [email protected]

Thank You

CIARÁN REGAN