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What if… there is just one score to know social media performance?
22

What if there is one score to know Social Media performance?

Jan 17, 2017

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Page 1: What if there is one score to know Social Media performance?

What if… there is just one score to know

social media performance?

Page 2: What if there is one score to know Social Media performance?

Why Holistic?

Page 3: What if there is one score to know Social Media performance?

Why Holistic?• Know what KPI is dragging the overall score down

Page 4: What if there is one score to know Social Media performance?

Why Holistic?• Know what KPI is dragging the overall score down

• It’s not about holistic versus categorical scoring.

In fact, you need KPI categories to determine overall score.

Page 5: What if there is one score to know Social Media performance?

Why Holistic?• Know what KPI is dragging the overall score down

• It’s not about holistic versus categorical scoring.

In fact, you need KPI categories to determine overall score.

• For Executives

Page 6: What if there is one score to know Social Media performance?

Let’s say you have already identified your KPI’s in the social

media world of metrics.

Come on… you know what KPI means.

Page 7: What if there is one score to know Social Media performance?

And assigned them to KPI categories based on the consumer lifecycle approach from Exposure to Advocacy.

Come on… you know what KPI means.

Page 8: What if there is one score to know Social Media performance?

LIKE THESE…

Channel-based model

Metrics-based model

Page 9: What if there is one score to know Social Media performance?

LET’S GET PHYSICAL

Page 10: What if there is one score to know Social Media performance?

LET’S GET PHYSICALMATHEMATICAL

with an example

Page 11: What if there is one score to know Social Media performance?

Variables:

1. Exposure, Owned – Post Reach Frequency

2. Exposure, Earned – Page Likes Frequency

3. Exposure and Engagement, Paid – CTR

4. Engagement, Owned – Page Visits

5. Engagement, Earned – Engagement Frequency (Post Likes, Comments, Shares, Link Clicks)

Data set to compare: Week 1 vs. rest of the month

Problem: What’s my overall Facebook Page Exposure

and Engagement Performance?

Page 12: What if there is one score to know Social Media performance?

2 Easy Steps

1. Get the Z score of each variable listed in the previous slide using the formula below. Translate the z-scores into cumulative percentages. This link will help computing a lot easier - http://easycalculation.com/statistics/z-score-standard.php

2. Assuming each variable has equal importance to your objective, get the average z-score cumulative percentages of each variable with the result being your Social Score.

Page 13: What if there is one score to know Social Media performance?

Exposure, Owned – Organic Post Reach Frequency of Week 1 to compare with the rest of the month

Total Reach of Posts Week 1 (current sample): 8600

Week 2: 2700

Week 3: 3300

Week 4: 10400

Week 5: 10800

Mean: 7160

Standard Deviation: 3892

z score: 0.37

Social score: 65 (as translated to cumulative percentage via

http://clas.sa.ucsb.edu/staff/binh/stdNormalTable.pdf )

Example result of a variable

Page 14: What if there is one score to know Social Media performance?

Now calculate the remaining score of the other variables (Exposure, Earned – Page Likes Frequency,

Engagement, Owned – Page Visits , Engagement, Earned – Engagement Frequency (Post Likes, Comments,

Shares, Link Clicks), CTR and calculate the mean with the end result as your overall social score based on the

channel-based framework.

Page 15: What if there is one score to know Social Media performance?

•0.1-2: What’s going on in here?

•2-15: Needs practice…

•16-84: Socially normal!

•85-98: Super social!

•99-99.9: Out of this world

What does a social score of 65 mean?

Page 16: What if there is one score to know Social Media performance?

•0.1-2: What’s going on in here?

•2-15: Needs practice…

•16-84: Socially normal!

•85-98: Super social!

•99-99.9: Out of this world

What does a social score of 65 mean?

Page 18: What if there is one score to know Social Media performance?

IT’S SIMPLE

Page 19: What if there is one score to know Social Media performance?

BUT HEY, DO NOT FORGET

Page 20: What if there is one score to know Social Media performance?

BUT HEY, DO NOT FORGETYou can assign weightage on importance of KPI category

Page 21: What if there is one score to know Social Media performance?

BUT HEY, DO NOT FORGETYou can assign weightage on importance of KPI category

You should have a qualitative review to look at it at a granular level.

Page 22: What if there is one score to know Social Media performance?

THANK YOUjerichodignadiceQuestions? ->