Emerging Trends for Measuring Social & Traditional Media Katie Delahaye Paine Senior Consultant Paine Publishing What you’ll learn The new landscape 6 Steps to a Perfect Measurement Program The new Standards for Social Media Measurement What’s Different About The Social Era? It’s not about the media, it’s about the business and the customer It’s not how loud you’re shouting it’s about relationships. It’s not about Big Data, but about how you use it There are no boundaries Standards are a reality not an excuse to hide behind What’s Changed? Collapse of mass media Growth of media everywhere Intolerance for messaging It’s not about the media, it’s about your business and your customers “Viewers are more likely to stop watching commercials at the moment in which brand logos appear on the screen” - ARF Study 4 Important Numbers to Remember 1,000,000 The average audience for a MyDrunkKitchen video (http://www.youtube.com/watch?v=uSXQNred3is) 179,000 Anderson Cooper’s average nightly audience $300,000 The amount that Sodexo saved in recruitment using Twitter $650,000 The amount HSUS raised from its first Flickr photo contest 27 The number of times per hour Digital Natives switch media—every 2.2 minutes. More Important Numbers to Remember 90 % 35% - 40% The percent of conversation that happens OFF LINE The amount of conversations generated by bots, spammers and pay 10% The percent of on-line conversations that are public < 5% The percent of Facebook & Twitter posts that are actually seen 80% The Percent of Twitter users that have fewer than 10 followers 25% The percent of emails send that never make it to an inbox Big Numbers Don’t Mean Influence Influence ≠Reach, GRP, or any other magic bullet There are influencers and everyone else All influence is relative Measure what matters & a computer cannot tell you who matters most To be influential requires relevance, frequency & reach Like Are Not Engagement Impressions Trial/Consideration Likes Commitment Followers Advocacy 8 Metrics Old School AVEs Eyeballs HITS (How Idiots Track Success) Couch Potatoes # of Twitter Followers (unless you’re a celebrity) New School Influence = The power or ability to affect someone’s actions Engagement= Some action beyond zero Advocacy = engagement driven by an agenda Sentiment = contextual expression of opinion – regardless of tone ROI: Return on Investment – no more no less. End of discussion 9 Good Relationships Are More Cost Effective Type I love Zappos into Google, and you find 1.19 million references Type Citibank and you get 21,000 references. Citibank spends 100 times more a year on advertising than Zappos. Cost per delegate acquired: Obama: 6,024 Clinton: $147,058 Romney: $2,389,464 The CEO of a hospital won a union battle via blogging What’s Different About The Social Era? It’s not about the media, it’s about the business and the customer It’s not how loud you’re shouting it’s about relationships It’s not about Big Data, but about how you use it There are no boundaries Standards are a reality not an excuse to hide behind Braided Metrics in Real Time 12 What’s Different About The Social Era? It’s not about the media, it’s about the business and the customer It’s not how loud you’re shouting it’s about relationships It’s not about Big Data, but about how you use it There are no boundaries Standards are a reality not an excuse to hide behind All Silos Are Permeable Traditional vs. Social External vs Internal Geographic If you make people angry enough, you will be replaced Most wounds are self inflicted 14 Six Steps to Success The 6 steps of Measurement Step 1: Define your goal(s). What outcomes is this strategy or tactic going to achieve? What are your measurable objectives? Step 2: Define your audiences. Who are you are trying to reach? How do your efforts connect with those audiences to achieve the goal. Step 3: Define your benchmarks. Who or what are you going to compare your results to? Step 4: Define your metrics. What are the indicators to judge your progress? Step 5: Select your data collection tool(s). Step 6: Analyze your data. Turn it into action, measure again 6 5 4 3 2 1 15 Why Do We Communicate? Activities Outtakes Outcomes (Intermediary Effects) (Target Audience Action) • Awareness • Knowledge/Education • Understanding • Engagement • Advocacy • Revenue/Cost Savings 16 Step 1: Define the goals: Why do Communications ? What return is expected? – Define in terms of the mission. What problems is Communications supposed to solve? What were you hired to do? What difference are you expected to make? If you are celebrating complete 100% success a year from now, what is different about the organization? If the Communications department was eliminated, what would be different? 17 Goals, Actions and Metrics Goal Action Activity Metric Outcome Metric Move visitors along the path to purchase Create an ambassador program % increase in brand ambassadors Volume of activity % increase in recommendations % increase in visits Increase membership New website & newsletter Increase in % of members reading/using sites % increase in membership 18 Step 2: Understand the culture and your stakeholders Questions you need to know the answer to: What keeps them up at night? What are they currently seeing? Where do they go for information? What influences their decisions? What’s important to them? What makes them act? Canoers People wanting to vacation in a safe, English speaking destination Royalty Enthusiasts 19 Step 2B: Get everyone on the same page Be inclusive – include anyone who will see your reports Be clear about definitions: Engagement? Success? ROI? Don’t reinvent the wheel. Understand what data already exists Make it interactive Follow up 20 Step 3: Establish benchmarks Past Performance Think 3 Peer Underdog nipping at your heels Stretch goal Whatever keeps the C-suite up at night 21 Step 4: Why you need a Kick-Butt Index The Perfect KPI Is actionable Is there when you need it Specific to your priority Continuously improves your processes Gets you where you want to go You become what you measure, so pick your KPI carefully 22 Step 4: Matching Goals to Metrics KPI Metric Increase on-message media presence % increase in KBI (via media analysis) Increase in customer engagement % increase in engagement index Increase awareness % unaided recall of sponsorship % increase in brand preference Increase share of voice in market % share of desirable voice by geography 23 How to calculate your Kick Butt Index Criteria Result Score Result Score Tonality Favorable +3 Unfavorable -3 Messaging Yes +3 No -1 Quotes Yes +1 -2 Dominant +1 High Visibility +2 No Not Dominant -orUnfavorable & Dominant Low Visibility -orUnfavorable High Visibility Dominance Visibility Final Score +10 -1 -3 -10 24 Step 6: Pick the right measurement tools If you want to measure messaging, positioning, themes, sentiment: Content analysis If you want to measure awareness, perception, relationships, preference: Survey research If you want to measure engagement, action, purchase: Web analytics If you want predictions and correlations you need two out of three Step 6: Selecting a measurement tool Objective KPI Tool Increase inquiries, web traffic, recruitment % increase in traffic #s of clickthrus or downloads Web Analytics: Google Analytics, Omniture, Web trends Increase awareness/preference % of audience understanding your messages Survey: Phone Calls, SurveyMonkey, or Mail Engage employees % increase in engagement index Web analytics or Content Analysis: Facebook Insights, Convio, Omniture, Google Analytics Communicate messages Total opportunities to see key messages Cost per opportunity to see key messages Media content analysis, Survey Research 26 Be Data Informed, Not Data Driven Ask “So What” at least three times Rank order results from worst to best Then look for exceptional success Make sure you know what the competition is doing Find your “Huck” SCANDAL “I like my work.” - Huck 27 Page 27 Typical Dashboard Framework 28 Every dashboard tells a story What’s Different About The Social Era? It’s not about the media, it’s about the business and the customer It’s not how loud you’re shouting it’s about relationships It’s not about Big Data, but about how you use it There are no boundaries Standards are a reality not an excuse to hide behind: www.smmstandards.org Cross-Industry Collaboration AMEC Council of PR Firms Institute for PR PRSA Global Alliance IABC SNCR DAA WOMMA ARF FIBEP CIPR PRCA “The Conclave” “The Coalition” Dell General Motors McDonalds Ford Procter & Gamble SAS Southwest Airlines Thomson Reuters #SMMStandards www.smmstandards.org Clients Top Priorities 1 Content Sourcing & Methods 2 Reach and impressions 3 Engagement 4 Influence & relevance 5 Opinion & advocacy 6 Impact & value #SMMStandards – Sources & Methods Transparency Table www.smmstandards.org Timeframe Analyzed Research Lead(s) Channels Analyzed Data/Content Sources Analysis Depth ☐ Automated ☐ Manual ☐ Hybrid ☐ All Content Reviewed ☐ Rep. Sample Source Languages Search Languages Sentiment Coding ☐ Automated ☐ Manual ☐ Hybrid ☐ Manual Sampling: _____________________ ☐ 3-pt scale ☐ 5-pt scale ☐ Other scale ☐ At entity level ☐ Paragraph/doc level Spam/Bot Filtering ☐ Automated releases ☐ Manual ☐ Hybrid ☐ Includes news releases Metrics Calculation and Sources -- Reach -- Engagement -- Influence -- Opinion/Advocacy Proprietary Methods Search Parameters See full search string list on page ___ of this report ☐ Excludes #2: Standards for Reach & Impressions All impression numbers are flawed for a variety of reasons Multipliers should never be used A divider is more appropriate because it is less than 5% of what is posted is actually seen OTS must be specific to a particular channel – i.e. For Twitter OTS is the number of first line followers For Facebook it is the number of fans to a page #3: Standards for Engagement Engagement = some action beyond exposure…in response to content on an owned channel – i.e. when someone engages with you Conversation = online or offline discussion by customers, citizens, stakeholders, influencers or other third parties about your organization Any measure of Engagement and Conversation must be tied to the goals and objectives Engagement and Conversation occurs offline and online --both must be considered Engagement should be measured by the % of your audience that is engaged, and the % engagement for each item published #4: Influence & Relevance Adhere to WOMMA Standards “Influence” is the ability to cause or contribute to a change in opinion or behavior Influence cannot be expressed in a single score or algorithm Should include some combination of the following five elements: Reach Engagement around individual Relevance to topic Frequency of posts around the topic Audience impact as measured by the ability to get the target audience to change behavior or opinion If an individual scores a 0 on one element, they aren’t influential #5 Opinion & Advocacy Sentiment is the feelings the author is trying to convey, often measured through context surrounding characterization of object Opinion is a view or judgment formed about something, not necessarily based on fact or knowledge.. It is articulated and associated to the speaker Advocacy (n) vs (v) is publicly stated support for or recommendation of a particular cause or policy Advocacy requires a level of expressed persuasion. The key distinction between “advocacy” and “opinion,” is that advocacy must have a component of recommendation or a call to action embedded in it #6: Impact & Value Impact: The effect of a social media campaign, program or effort on the target audience Value: The impact expressed in either cost savings or revenue incurred. Value can be short term or long term & may be expressed in many ways including cost savings, shortened sales cycle, increased customer retention etc ROI: Return on Investment. A financial performance measure. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio Any measure of Impact & Value must be tied to the goals and objectives for your organization, brand or program Assessing the value and impact of a campaign is a complex process. Variables need to be weighted appropriately and should be based on customer research data. It cannot be reduced to a simple formula that applies equally to consumer, B toB, and/or non-profit organizations Remember These Points 1 It’s not about the media, it’s about the business and the customer 2 It’s not about Big Data, but about how you use it. 3 You need to be data informed, not data-driven 4 It’s not how loud you’re shouting it’s about relationships. 5 Standards are a reality not an excuse to hide behind Thank You! For more information on measurement, read my blog: http://kdpaine.blogs.com For a copy of this presentation give me your card or email me at measurementqueen@gmail.com Follow me on Twitter: KDPaine Friend me on Facebook: Katie Paine Or call me at 1-603-682-0735 40