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Why The Maturity of Social Media Is Dependent on Analytics
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- Strokes per hole- Strokes per course
- Strokes per hole- Strokes per course- Hazards- Par per hole- Course rank- Competitors- Handicap- Wind Speed- Wind Direction- Club Selection- Time of Day- Stress Level
- Share of Voice- Share of Conversation- Brand Sentiment- Rate of Growth- % POS Referral Traffic- Twitter Mentions- Twitter Retweets- Twitter Listed- % Seniority LinkedIn- Product Recommendations
B2B ServicesAugust 2011
B2B ProductsFebruary 2012 18%
13%
August 2009
17%
August 2010
17%
August 2011
19%
August 2012
Social marketing spend will continue todemand more of your budget
B2B Products August 2011
B2B ServicesFebruary 2012
13%
18%
19%
* Survey done by CMOSurvey.org. Survey Sample: 4674 Top US Marketers at Fortune 1000, Forbes Top 200 and Top Marketers who are AMA members or Duke University Alumni and Friends. 531 responded for a 11.3% response rate. 86% of respondents VP-level or above.
Q: What percentage of your overall marketing budget do you expect to allocate to social marketing in the next 5 years?*
47%
* Survey done by Pivot in conjunction with Altimeter Group and Hudson Group. Survey Sample: October 2012 survey. 185 brand managers, marketers and directors surveyed for the Pivot Conference .
Budget
Unclear outcomes
Absence of clear social strategy for brand
Lack of understanding benefits of social media
Executive skepticism
Lack of metrics
45%
42%39%39%
37%
Q: What prevents your organization from moving beyond experimentation in social marketing ?*
Extended audience not necessarily in owned networks
ENGAGEDCOMMUNITY
Degree to which social community interacts with
and promotes brand
INDUSTRYIMPACT
Measure of how much social conversations is impacting the industry
BRANDSENTIMENT
Measure of the consumer opinion of the brand inside
social conversations
SOCIALACCESSIBILIT
YEase with which people can reach the brand
through social channels
CONVERSIONPOTENTIAL
Viability of the social media space to
generate conversions
SOCIALINFLUENCEMeasure of social channel motivating
others towards action
COMMUNITYDEVELOPMEN
TMeasure of intentionality of brand to
cultivate an engaged community
DR PR EC II
BS SA CP SI CD
The Social Nine
.05 .25 .50 .75 1.0Facebook Likes
Facebook People Talking About This
Twitter Followers
Extended Twitter Followers
Company Page Followers
Specialized Group Members
Employees on LinkedIn
10%
5%
20%5%
10%5%
20%
.05 .25 .50 .75 1.0
.05 .25 .50 .75 1.0
.05 .25 .50 .75 1.0
.05 .25 .50 .75 1.0
.05 .25 .50 .75 1.0
.05 .25 .50 .75 1.0
Metrics are integrated based on related value
Sample normalization of scores to equate the measurements
Weights are given based on criteria such as industry, campaign performance or business goals
POTENTIAL REACHPotential Reach is defined as the number of possible viewers the brand was able to extend it’s message to during the period measured. Weights change based on industry and market.PR
This approach becomes an objective and relevant scoring among competitors
+
Each brand is given an overall score to display competitive ranking among competitors. The stacked bar format then allows for you to see
how well each brand performed in each category as well to immediately assess areas of strengths
and weaknesses.
SQ Scores Are Categorical To Allow for Breakdown of Performance
REACH ENGAGE CONVERT EXPAND
DR Direct Reach
PR Potential Reach
EC Engaged Community
II Industry Impact
BS Brand Sentiment
SA Social Accessibility
CP Conversion Potential
SI Social Influence
CD Community Development
Metrics
RELEVANCEFiveKEYS
CaseSTUDY
SQINDEX
ContactUS
Social Metrics Do Not Have To Be Isolated to Top-Of-The-Funnel Strategies
Metrics
RELEVANCEFiveKEYS
CaseSTUDY
SQINDEX
ContactUS
Social Metrics Do Not Have To Be Isolated to Top-Of-The-Funnel Strategies
TotalPotential ReachEngaged CommunityIndustry ImpactBrand SentimentSocial AccessibilityConversion PotentialSocial InfluenceCommunity Development
SQ Index
Cruise Industry SQ IndexApril 1-30, 2013
COMMUNITYDEVELOPMENT
Facebook PTAT vs Facebook ROG April 2013
Community Development scores the intentionality of the brand to grow their social followings across the various networks.
How Does Princess Do It?
LEADER
1
2
Users Remain Engaged on FacebookDespite note having the largest Facebook community, Princess’ social following on the channel consistently share out content.
High Number of Views on YouTubePrincess ranks 4th in overall YouTube subscribers, but their 7M+ views on the channel reflects the content getting shared through other channels and contributes to Facebook’s PTAT score as mentioned above.
Best Practices
3 Competitive Downstream TrafficFacebook ranks among the top ten destination sites for traffic leaving their website.
SQ Index Highlights - Cruise
Princess Disney Carnival Royal Celebrity0
10,000
20,000
30,000
40,000
50,000
60,000
0%
2%
4%
6%
8%
10%
12%
14%
16%
PTAT FB ROG
Face
book
PTA
T Facebook ROG
BRANDSENTIMENT
Facebook PTAT vs Facebook ROG April 2013
Brand Sentiment seeks to quantify consumer and media opinion based on posts and discussions in social channels.
How Does Disney Do It?
LEADER
1
2
Media Outlets Significantly More CriticalDespite mainstream news outlets carrying stories that were not entirely glamorous, social users for cruise brands were consistently more positive (and at times defensive) about their favorite brand.
Disney’s Use of Twitter SignificantDisney carried the highest number of Twitter followers and Retweets for the competitive set. This essentially placed Disney in greater control of their brand message given the loyalty they have earned from their Followers.
Observations
SQ Index Highlights - Cruise
Princess Disney Royal Carribbean Carnival Celebrity0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Positive Media Sentiment Positive Consumer Sentiment
TotalPotential ReachEngaged CommunityIndustry ImpactBrand SentimentSocial AccessibilityConversion PotentialSocial InfluenceCommunity Development
SQ Index
Hotel Industry SQ IndexLuxury Category :: April 1-30, 2013
POTENTIALREACH
Twitter Mentions vs Extended Reach April 2013
Potential Reach defines the extended audience (not necessarily in owned networks) that is accessible to the brand message.
How Does Ritz-Carlton Do It?
LEADINGBRAND
Best Practices
SQ Index Highlights - Hotel LEADING
HOTEL
1
2
To Put It Simply.... They Get TwitterParticipating in #FF results in the Ritz brand coming off as social saavy and results in new followers.
Twitter is the Medium... Customer Service is the StrategyThe Ritz-Carlton responds to CSR tweets and gets recognized by the social community for their intimacy.
3Leveraging Influencers as Week-Long CelebritiesThe brand “courts” travel writers and other travel influencers by inviting them to be a “rep” for the hotel for a week at a time.