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WEB METRICS FOR SOCIAL MEDIA MARKETING. WEB METRICS—HOW IT’S CHANGING. Social Media Platforms - Blogger, First Giving, Ning, PB Wiki, etc. Social Networks - Facebook, MySpace, LinkedIn, Plaxo, etc. Source: Internet Marketing, Atomic Dog Publishing, 2008. Services
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WEB METRICS—HOW IT’S CHANGING Social Media Platforms - Blogger, First Giving, Ning, PB Wiki, etc. Social Networks - Facebook, MySpace, LinkedIn, Plaxo, etc. Source: Internet Marketing, Atomic Dog Publishing, 2008 Services - Feedburner, Share This, Mippin, etc.
TYPICAL INTERNET METRICS REQUIREMENTS SOCIAL MEDIA METRICS “TRADITIONAL” INTERNET METRICS
Television THE STRATEGIC MARKETING REQUIREMENTS Radio Magazines SOCIAL MEDIA METRICS Marketing, Advertising Metrics Newspapers
HOW DO WE CHOOSE METRICS? • Traditional Internet Marketing Metrics Are Used to Measure Achievement of MARKETING Objectives • Offline Marketing Also Contributes to Achievement of Marketing Objectives • Specific Social Media Metrics Are Used to Measure Achievement of SOCIAL MEDIA CAMPAIGN Objectives • Social Media Metrics Don’t Measure Achievement of Marketing Objectives Unless The Social Media Campaign is the Only Marketing Activity • That’s a Bad Idea, but Another Subject
PUTTING ALL THIS TOGETHER IS HARD Conversion Rate Usually a Small %
NO INTEGRATED SOLUTION FOR SOCIAL MEDIA http://www.lyris.com/media/swf/lhqtour/
WATCHING WAL-MART ON FACEBOOK Can observe data on pages. What happens when/if people click through?
BACK TO THE METRICS PERSPECTIVE • The Strategy Issue • Do You Want to do This? • Is this How You Want People to See You? • The Metrics Issues • If You Are Following a Competitor—Be Sure You are Measuring “Comparables” • You Must Understand • What Individual Platform Metrics Are • How Platforms are Interconnected
Services (Feedburner, Share This, etc.) services are used on platforms, networks, websites
strategic imperativesmap metrics to objectivesUnderstand buyer behavior
TRADITIONAL METRICS FORACQUISITION, CONVERSION AND RETENTION
SUMMARY Evaluating Success of Social Media Programs Requires Metrics Beyond “Traditional Internet” For Now, Each Behavior May Require a New Metrics Source THE ONLY WAY TO MAKE SENSE OF THIS CHAOS IS STRONG, MEASURABLE OBJECTIVES Metrics Have to Document Needs, Intents and Behavior of Customers, Not Needs of Marketers
NUMEROUS BLOGS http://www.kaushik.net/avinash/ http://www.webanalyticsdemystified.com/