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The ROI of ROI
Social Media Metrics that
Matter



      Cory Hartlen
 Product Marketing Manager
 cory.hartlen@radian6.com
   Twitter: @coryhartlen
Your Customers Share More than Ever Before


                                                   Having a problem
                             Great                 with…
                             article on…



            Love the                         Looking
            new…            Cool             for recs...
                            video…




                                                     Hiring
                             Product                 a CTO…
                             review…




      But what are they saying?
But Enterprises Are Not Prepared
to Engage in Social Conversations
                                    of CMOs are tracking social
     38%                            media metrics1


                                    of CMOs feel unprepared
     68%                            to deal with social media1


                                    of companies ignore customer
     70%                            complaints on Twitter2



     1 IBM   Global CMO Study 2011
     2   Maritz and evolve24 Twitter Study, September 2011
| THE SOCIAL DIVIDE: VOICE OF THE
              MARKET AND ORGANIZATIONS



Your customers, employees,
                                                How do you seize
suppliers, fans and detractors are
                                                the opportunity?
social. This is your community!
| STEP ONE




DEVELOP YOUR PLAN
| IT ALL STARTS WITH LISTENING, BUT FOR WHAT?



           Compliments Crisis
 Ideas
         Influencers Campaign
Complaints
           Needs

         Competition
| THE FIVE C’S OF SOCIAL MARKETING




     Content
Community
   Conversation
Collaboration
     Connections
| THE SEVEN OUTCOMES OF SOCIAL MARKETING




• Enhance Branding or
  Increase awareness
• Protect Brand Reputation
• Facilitating PR
• Building Communities
• Improving Customer Service
• Driving R&D
• Increasing Sales


-Jason Falls, Nobullshitsocialmedia.com
| SOCIAL MEDIA GRID,
            ALIGN YOUR DEPARTMENT AND CORPORATE GOALS


                  Your Brand           Your             Your Industry
                                    Competitors


Listen/Analyze        1                 2                    3


 Measure              4                 5                    6


Engage/Content        7                 8                    9


                                                                        9
| COMMON SOCIAL BUSINESS OBJECTIVES




•Gaining Exposure
•Fostering Dialogue
•Generating Interactions
•Facilitating Support
•Promoting Advocacy
•Spurring Innovation




John Lovett, Social Media Metrics Secrets
| AVOID THE SILOS




  Blogs         Forums        Facebook   Twitter   YouTube




Marketing          PR           HR       Sales     Cust. Serv.
| SOCIAL MEDIA COUNCIL, CHAMPIONS FROM EACH
          DEPARTMENT



  Blogs         Forums      Facebook     Twitter        YouTube




Marketing         PR          HR          Sales         Cust. Serv.
| ADVANCED COMMUNITY MODEL




 Blogs        Forums     Facebook     Twitter   YouTube




                     Community Team




Marketing       PR          HR         Sales    Cust. Serv.
| MEASUREMENTS THAT MATTERS




WHAT CAN WE
MEASURE?
| WHAT CAN WE MEASURE?




•   Social Metrics
•   Workflow Metrics
•   Web-Analytics
•   CRM Metrics




                    © 2012 Radian6
| ROI OF SOCIAL FOR:




Four Examples:
Customer Service
Product Management
Recruitment
Lead Generation
| SOCIAL CUSTOMER SERVICE



• Listen at the point of need, window of
  opportunity.
• Comcast saves a million during the big game.
• Integrate with CRM to:
   • Measure cost per resolution.
   • Social Resolutions per hr vs phone or email.
   • Increase in one touch closes
   • Measure call deflection




                        © 2012 Radian6
| SAVE MONEY, JUST LISTEN



Build your Best Mouse Trap. Listen to what people like, don’t
like, in your and your competitors products or services.
Measure uptake in sales from social listening in new release, or
dollars saved from social focus group.
Save HR dollars. Find prospects in the industry fields you’re
looking to recruit. Measure cost per HR prospect.




                             © 2012 Radian6
ROI with Lead Generation
| FILL YOUR PIPELINE WITH SOCIAL




Listen to your industry for point of need

• Radian6 case study
• Client stories
•Voice Over IP Company,
    Turn tweets to dollars
       240,000 of them!!!



                       © 2012 Radian6
| CONTENT THAT MATTERS




Web Analytics Integration

Caution!
Math Ahead
| ROI WITH WEB ANALYTICS




                  © 2012 Radian6
| ROI WITH WEB ANALYTICS



What’s driving traffic?




                           © 2012 Radian6
| ROI WITH WEB ANALYTICS




• Revenue generating conversion points
• Measure: Visits (V), Average Revenue (AR)
  Conversions (C), Leads (L) and Lead Revenue (LR)
*(#V’s x AR/V) + (#C’s x AR/C) +(#L’s x AR/L) ≥ LR+ = X
Where X = Total Influencer Revenue
{(X-C)/C}*100%=ROI




                           © 2012 Radian6
QUESTIONS?
Presented by
@CoryHartlen
Product Marketing Manager
Salesforce Radian6
Cory.Hartlen@radian6.com

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The ROI of ROI. Social Media Metrics that Matter

  • 1. The ROI of ROI Social Media Metrics that Matter Cory Hartlen Product Marketing Manager cory.hartlen@radian6.com Twitter: @coryhartlen
  • 2. Your Customers Share More than Ever Before Having a problem Great with… article on… Love the Looking new… Cool for recs... video… Hiring Product a CTO… review… But what are they saying?
  • 3. But Enterprises Are Not Prepared to Engage in Social Conversations of CMOs are tracking social 38% media metrics1 of CMOs feel unprepared 68% to deal with social media1 of companies ignore customer 70% complaints on Twitter2 1 IBM Global CMO Study 2011 2 Maritz and evolve24 Twitter Study, September 2011
  • 4. | THE SOCIAL DIVIDE: VOICE OF THE MARKET AND ORGANIZATIONS Your customers, employees, How do you seize suppliers, fans and detractors are the opportunity? social. This is your community!
  • 5. | STEP ONE DEVELOP YOUR PLAN
  • 6. | IT ALL STARTS WITH LISTENING, BUT FOR WHAT? Compliments Crisis Ideas Influencers Campaign Complaints Needs Competition
  • 7. | THE FIVE C’S OF SOCIAL MARKETING Content Community Conversation Collaboration Connections
  • 8. | THE SEVEN OUTCOMES OF SOCIAL MARKETING • Enhance Branding or Increase awareness • Protect Brand Reputation • Facilitating PR • Building Communities • Improving Customer Service • Driving R&D • Increasing Sales -Jason Falls, Nobullshitsocialmedia.com
  • 9. | SOCIAL MEDIA GRID, ALIGN YOUR DEPARTMENT AND CORPORATE GOALS Your Brand Your Your Industry Competitors Listen/Analyze 1 2 3 Measure 4 5 6 Engage/Content 7 8 9 9
  • 10. | COMMON SOCIAL BUSINESS OBJECTIVES •Gaining Exposure •Fostering Dialogue •Generating Interactions •Facilitating Support •Promoting Advocacy •Spurring Innovation John Lovett, Social Media Metrics Secrets
  • 11. | AVOID THE SILOS Blogs Forums Facebook Twitter YouTube Marketing PR HR Sales Cust. Serv.
  • 12. | SOCIAL MEDIA COUNCIL, CHAMPIONS FROM EACH DEPARTMENT Blogs Forums Facebook Twitter YouTube Marketing PR HR Sales Cust. Serv.
  • 13. | ADVANCED COMMUNITY MODEL Blogs Forums Facebook Twitter YouTube Community Team Marketing PR HR Sales Cust. Serv.
  • 14. | MEASUREMENTS THAT MATTERS WHAT CAN WE MEASURE?
  • 15. | WHAT CAN WE MEASURE? • Social Metrics • Workflow Metrics • Web-Analytics • CRM Metrics © 2012 Radian6
  • 16. | ROI OF SOCIAL FOR: Four Examples: Customer Service Product Management Recruitment Lead Generation
  • 17. | SOCIAL CUSTOMER SERVICE • Listen at the point of need, window of opportunity. • Comcast saves a million during the big game. • Integrate with CRM to: • Measure cost per resolution. • Social Resolutions per hr vs phone or email. • Increase in one touch closes • Measure call deflection © 2012 Radian6
  • 18. | SAVE MONEY, JUST LISTEN Build your Best Mouse Trap. Listen to what people like, don’t like, in your and your competitors products or services. Measure uptake in sales from social listening in new release, or dollars saved from social focus group. Save HR dollars. Find prospects in the industry fields you’re looking to recruit. Measure cost per HR prospect. © 2012 Radian6
  • 19. ROI with Lead Generation
  • 20. | FILL YOUR PIPELINE WITH SOCIAL Listen to your industry for point of need • Radian6 case study • Client stories •Voice Over IP Company, Turn tweets to dollars 240,000 of them!!! © 2012 Radian6
  • 21. | CONTENT THAT MATTERS Web Analytics Integration Caution! Math Ahead
  • 22. | ROI WITH WEB ANALYTICS © 2012 Radian6
  • 23. | ROI WITH WEB ANALYTICS What’s driving traffic? © 2012 Radian6
  • 24. | ROI WITH WEB ANALYTICS • Revenue generating conversion points • Measure: Visits (V), Average Revenue (AR) Conversions (C), Leads (L) and Lead Revenue (LR) *(#V’s x AR/V) + (#C’s x AR/C) +(#L’s x AR/L) ≥ LR+ = X Where X = Total Influencer Revenue {(X-C)/C}*100%=ROI © 2012 Radian6
  • 25. QUESTIONS? Presented by @CoryHartlen Product Marketing Manager Salesforce Radian6 Cory.Hartlen@radian6.com

Hinweis der Redaktion

  1. Only 38%
  2. Your customers, prospects, analysts, detractors and advocates are social.. They are having important conversations that either need immediate responses or hold valuable data about your products and operations. -There needs to be a way to seize these opportunities as they arise on the social web, and be part of the conversations going on about your brand, products, competitors, and industry.
  3. A phone is just a phone