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100 Ways to Measure

Social Media

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David Berkowitz
Senior Director of Emerging Media & Innovation
360i
dberkowitz@360i.com
Blog: MarketersStudio.com / blog.360i.com
Twitter: @dberkowitz / @360i

This is social media

Hi, Im
Nice to meet you:

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Buzzword of the Year!!!

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Evaluate opportunities by asking 4 questions


SOCIAL MARKETING STRATEGIC LENS

Does it use our


social media
arsenal?
Does it meet
our marketing
objectives?

Does it follow
social media
best practices?
What is the value
exchange between
consumer &
marketer?

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MYTH
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YOU CANT
MEASURE
SOCIAL MEDIA
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100 ways to measure social media

Read the full list


bit.ly/100ways
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BUZZ VOLUME
BY POSTS

BUZZ VOLUME
BY
IMPRESSIONS

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Different channels have different weight when


viewing impressions vs posts
ANALYSIS BY MEDIA TYPE FOR KEY CLIENT CONVERSATIONS BY # OF POSTS AND IMPRESSIONS
(MARCH 2009 JUNE 2009)
By # of Posts

By # of Impressions

Source: 360i Analysis of the social media landscape, August 2009


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BUZZ VOLUME
BY POSTS

COMPETITIVE
BUZZ

BUZZ VOLUME
BY
IMPRESSIONS

BUZZ BY
CATEGORY

CHANGE IN
BUZZ OVER
TIME

BUZZ BY
TIME OF DAY

BUZZ BY
SOCIAL CHANNEL

BUZZ BY
STAGE IN
PURCHASE
FUNNEL

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BUZZ
SEASONALITY

11

In shopping conversations for Client, many are


spreading the word but are not necessarily buying
PURCHASE FUNNEL ANALYSIS FOR CLIENT ONLINE CONVERSATIONS

Advocates are
spreading the word, but
they do not say if they
actually bought or
intend to buy

Source: 360i Analysis of the social media landscape, April/May 2009


Sample size 150 blog posts, board posts, micro-blogs & comments
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BUZZ VOLUME
BY POSTS

BUZZ VOLUME
BY
IMPRESSIONS

CHANGE IN
BUZZ OVER
TIME

BUZZ BY
TIME OF DAY

BUZZ
SEASONALITY

BUZZ BY
STAGE IN
PURCHASE
FUNNEL

ASSET
POPULARITY

COMPETITIVE
BUZZ

BUZZ BY
CATEGORY

BUZZ BY
SOCIAL CHANNEL

MAINSTREAM
MEDIA
MENTIONS

FANS

FOLLOWERS

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Dunkin Donuts Tracks Twitter CRM


Users who enroll in the DD
Perks program are entered
into a company database.
The company has a
quantitative value for
database members,
although it will not disclose
that number or the Twitter
click-through rate.
- Portfolio.com,
March 2010

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BUZZ VOLUME
BY POSTS

COMPETITIVE
BUZZ

BUZZ VOLUME
BY
IMPRESSIONS

BUZZ BY
CATEGORY

CHANGE IN
BUZZ OVER
TIME

BUZZ BY
TIME OF DAY

BUZZ
SEASONALITY

BUZZ BY
SOCIAL CHANNEL

BUZZ BY
STAGE IN
PURCHASE
FUNNEL

ASSET
POPULARITY

GROWTH RATE
OF FANS,
FOLLOWERS,
FRIENDS

MAINSTREAM
MEDIA
MENTIONS

FANS

FOLLOWERS

FRIENDS

RATE OF
VIRALITY/
PASS-ALONG

CHANGE IN
VIRALITY OVER
TIME

2ND-DEGREE
REACH

EMBEDS/
INSTALLS

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Embeds as part of mom-centric marketing

Co-Branded hub with


user content

70+ moms write all


about it on their blogs

Co-branded widget
reaches over 1MM ppl

Well above benchmarks:


3.7x impressions
3.6x embeds
1.6x unique blog posts
4,000+ tweets using
dedicated #spritebts

Increase in MCR points


redemption for schools

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1.5x tagged tweets

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BUZZ VOLUME
BY POSTS

COMPETITIVE
BUZZ

BUZZ VOLUME
BY
IMPRESSIONS

BUZZ BY
CATEGORY

CHANGE IN
BUZZ OVER
TIME

BUZZ BY
TIME OF DAY

BUZZ
SEASONALITY

BUZZ BY
SOCIAL CHANNEL

BUZZ BY
STAGE IN
PURCHASE
FUNNEL

ASSET
POPULARITY

MAINSTREAM
MEDIA
MENTIONS

FANS

FOLLOWERS

FRIENDS

GROWTH RATE
OF FANS,
FOLLOWERS,
FRIENDS

RATE OF
VIRALITY/
PASS-ALONG

CHANGE IN
VIRALITY OVER
TIME

2ND-DEGREE
REACH

EMBEDS/
INSTALLS

DOWNLOADS

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UPLOADS

USER-INITIATED
VIEWS

RATIO OF
EMBEDS OR
FAVORITING TO
VIEWS

LIKES/
FAVORITES

COMMENTS

RATINGS

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Sample Weighted Scorecard

Custom Social Media Scorecard


Action

Weighting*

Impression

1x

View video

3x

Click through

4x

Rate video

4x

Share video

10x

Embed video

20x

Create video

100x

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UPLOADS

USER-INITIATED
VIEWS

RATIO OF
EMBEDS OR
FAVORITING TO
VIEWS

RATINGS

SOCIAL
BOOKMARKS

SUBSCRIPTIONS

PAGEVIEWS

EFFECTIVE
CPM

SEO CHANGE
FOR TARGET
SITE

SEARCH SHARE
OF VOICE
FOR ALL
RELATED SITES

INCREASE IN
SEARCHES

% OF BUZZ
W/LINKS

LINKS RANKED
BY INFLUENCE
OF PUBLISHERS

INFLUENCE
OF PUBLISHERS
REACHED

INFLUENCE
OF BRANDS
PARTICIPATING

SHARE OF VOICE
INFLUENCE
% OF BUZZ
W/EARNED &
OF CONSUMERS
W/MULTIMEDIA
PAID MEDIA
REACHED
TOGETHER
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LIKES/
FAVORITES

COMMENTS

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DEMOGRAPHICS
OF TARGET
AUDIENCE
IN SOCIAL

DEMOGRAPHICS
OF TARGET
AUDIENCE
REACHED

SOCIAL MEDIA
HABITS OF
TARGET
AUDIENCE

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Approach audiences differently based on social


technographics
Entertainment Techie

Influential Dads

Review Sites

Creator

Twitter

Digg

Critic

2.6MM influencers
18.5MM in social media
Prefer blogs, forums &
review sites

Influential Boomers
Review Sites

Blogs

Facebook

MySpace

Creator

Joiner

2.3MM influencers
30.2MM in social media
Prefer blogs & social nets

Blogger

YouTube

Critic

Spectator

3.7MM influencers
55.9MM in social media
Prefer Review Sites

Source: 360i analysis of Nielsen @Plan; Fall 2009


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DEMOGRAPHICS
OF TARGET
AUDIENCE
IN SOCIAL

DEMOGRAPHICS
OF TARGET
AUDIENCE
REACHED

SENTIMENT
BY VOLUME OF
IMPRESSIONS

SHIFT
IN SENTIMENT

SOCIAL MEDIA
HABITS OF
TARGET
AUDIENCE

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GEOGRAPHY
OF
PARTICIPANTS

SENTIMENT
BY VOLUME OF
POSTS

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Listening helps inform and make quick


decisions during crises
Only 9% of Alec Baldwin
blog posts mention 30
Rock

April 19, 2007


of that, only 12% said theyd
never watch 30 Rock again

Season Finale
April 26, 2007

How bad is the damage


to 30 Rock?
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DEMOGRAPHICS
OF TARGET
AUDIENCE
IN SOCIAL

DEMOGRAPHICS
OF TARGET
AUDIENCE
REACHED

SOCIAL MEDIA
HABITS OF
TARGET
AUDIENCE

GEOGRAPHY
OF
PARTICIPANTS

SENTIMENT
BY VOLUME OF
POSTS

SHIFT
IN SENTIMENT

LANGUAGES
SPOKEN BY
PARTICIPANTS

TIME SPENT
W/DISTRIBUTED
CONTENT

TIME SPENT ON
SITE VIA
SOCIAL
REFERRALS

METHOD OF
CONTENT
DISCOVERY

CLICKS

% OF
TRAFFIC VIA
EARNED MEDIA

VIEWTHROUGHS

NUMBER OF
INTERACTIONS

INTERACTION/
ENGAGEMENT
RATE

FREQUENCY
OF SOCIAL
ACTIONS PER
CONSUMER

% OF VIDEOS
VIEWED

POLLS TAKEN/
VOTES RECEIVED

BRAND
ASSOCIATION

SENTIMENT
BY VOLUME OF
IMPRESSIONS

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PURCHASE
CONSIDERATION

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Social marketing can have branding equivalents

Brand Metric

Social Equivalent

Reach/Awareness

Impressions
Video Views

Consideration

Engagement
Installations
Polls
Community members
Contest entries
Time Spent

Favorability

Pass-along/ Share/ Forward


like/ favorite
Positive blog coverage, comments
Content creators

Purchase

Sales

Loyalty

Referral

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# OF
ESPOSURES OF
PURCHASE
USER-GENERATED
VIRTUAL
CONSIDERATION
SUBMISSIONS
GIFTS

TAGS ADDED

CHAT ROOM
PARTICIPANTS

# OF VIRTUAL
GIFTS GIVEN

RELATIVE
POPULARITY
OFCONTENT

ATTRIBUTES
OF TAGS

REGISTRATIONS
FROM 3RD-PARTY
LOGINS

REGISTRATIONS
BY CHANNEL

CONTEST
ENTRIES

WIKI
CONTRIBUTORS

IMPACT OF
OFFLINE
MARKETING/
EVENTS

UGC CREATED
FOR
REPURPOSING

CUSTOMERS
ASSISTED

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AskCiti assists customers one tweet at a time

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# OF
ESPOSURES OF
PURCHASE
USER-GENERATED
VIRTUAL
CONSIDERATION
SUBMISSIONS
GIFTS

# OF VIRTUAL
GIFTS GIVEN

RELATIVE
POPULARITY
OFCONTENT

ATTRIBUTES
OF TAGS

REGISTRATIONS
FROM 3RD-PARTY
LOGINS

REGISTRATIONS
BY CHANNEL

CONTEST
ENTRIES

CHAT ROOM
PARTICIPANTS

WIKI
CONTRIBUTORS

IMPACT OF
OFFLINE
MARKETING/
EVENTS

UGC CREATED
FOR
REPURPOSING

CUSTOMERS
ASSISTED

SAVINGS PER
CUSTOMER
ASSISTED VIA
SOCIAL MEDIA

SAVINGS BY
LETTING
CUSTOMERS
CONNECT

IMPACT ON
FIRST-CONTACT
RESOLUTION
(FCR)

CUSTOMER
SATISFACTION

VOLUME OF
FEEDBACK
GENERATED

TAGS ADDED

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R&D TIME
SAVED BY
SOCIAL
FEEDBACK

SUGGESTIONS
IMPLEMENTED
VIA SOCIAL
FEEDBACK

COSTS SAVED
BY NOT
DOING TRADL
RESEARCH

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IMPACT ON
ONLINE
SALES

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Metrics start to show real sales data


December 2008

June 2009

December 2009

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Adding perspective

2009 revenue:

$61.1
billion
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R&D TIME
SAVED BY
SOCIAL
FEEDBACK

SUGGESTIONS
IMPLEMENTED
VIA SOCIAL
FEEDBACK

COSTS SAVED
BY NOT
DOING TRADL
RESEARCH

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IMPACT ON
ONLINE
SALES

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IMPACT ON
OFFLINE
SALES

34

Sprinkles Connects Online Marketing & Offline


Sales

AD
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R&D TIME
SAVED BY
SOCIAL
FEEDBACK

SUGGESTIONS
IMPLEMENTED
VIA SOCIAL
FEEDBACK

COSTS SAVED
BY NOT
DOING TRADL
RESEARCH

IMPACT ON
ONLINE
SALES

IMPACT ON
OFFLINE
SALES

DISCOUNT
REDEMPTION
RATE

IMPACT ON
OTHER OFFLINE
BEHAVIOR

LEADS
GENERATED

PRODUCTS
SAMPLED

VISITS TO
STORE LOCATOR
PAGES

CONVERSION
CHANGE DUE
TO RATINGS/
REVIEWS

RATE OF
CUSTOMER
RETENTION

IMPACT ON
CUSTOMER
LIFETIME VALUE

ACQUISITON/
RETENTION
COSTS
SAVED

CHANGE IN
MARKET
SHARE

EARNED MEDIAS RESPONSES TO


ATTENDANCE
IMPACT ON
SOCIALLY POSTED GENERATED AT
PAID MEDIA
EVENTS
EVENTS

EMPLOYEES
REACHED
INTERNALLY

JOB
APPLICATIONS
RECEIVED

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36

Different internal constituents will have their


own critical metrics

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Which metrics matter most?

Does it use our


social media
arsenal?
Does it meet
our marketing
objectives?
What is the value
exchange between
consumer &
marketer?

www.360i.com

Does it follow
Whichever
social media answer
best
practices?
this
question

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38

?
!
39

This is social media

Hi, Im
Nice to meet you:

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40

Thank you!

David Berkowitz
Senior Director, Emerging Media & Innovation
360i
dberkowitz@360i.com
Twitter: @dberkowitz
Blog: MarketersStudio.com

Get the full playbook at playbook.360i.com


Keep up on trends at blog.360i.com
Follow 360i on Twitter @360i

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Appendix: The 100 Ways, all together

42

BUZZ VOLUME
BY POSTS

COMPETITIVE
BUZZ

BUZZ VOLUME
BY
IMPRESSIONS

BUZZ BY
CATEGORY

CHANGE IN
BUZZ OVER
TIME

BUZZ BY
TIME OF DAY

BUZZ
SEASONALITY

BUZZ BY
SOCIAL CHANNEL

BUZZ BY
STAGE IN
PURCHASE
FUNNEL

ASSET
POPULARITY

MAINSTREAM
MEDIA
MENTIONS

FANS

FOLLOWERS

FRIENDS

GROWTH RATE
OF FANS,
FOLLOWERS,
FRIENDS

RATE OF
VIRALITY/
PASS-ALONG

CHANGE IN
VIRALITY OVER
TIME

2ND-DEGREE
REACH

EMBEDS/
INSTALLS

DOWNLOADS

www.360i.com

Proprietary & Confidential

43

UPLOADS

USER-INITIATED
VIEWS

RATIO OF
EMBEDS OR
FAVORITING TO
VIEWS

RATINGS

SOCIAL
BOOKMARKS

SUBSCRIPTIONS

PAGEVIEWS

EFFECTIVE
CPM

SEO CHANGE
FOR TARGET
SITE

SEARCH SHARE
OF VOICE
FOR ALL
RELATED SITES

INCREASE IN
SEARCHES

% OF BUZZ
W/LINKS

LINKS RANKED
BY INFLUENCE
OF PUBLISHERS

INFLUENCE
OF PUBLISHERS
REACHED

INFLUENCE
OF BRANDS
PARTICIPATING

SHARE OF VOICE
INFLUENCE
% OF BUZZ
W/EARNED &
OF CONSUMERS
W/MULTIMEDIA
PAID MEDIA
REACHED
TOGETHER
www.360i.com

LIKES/
FAVORITES

COMMENTS

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44

DEMOGRAPHICS
OF TARGET
AUDIENCE
IN SOCIAL

DEMOGRAPHICS
OF TARGET
AUDIENCE
REACHED

SOCIAL MEDIA
HABITS OF
TARGET
AUDIENCE

GEOGRAPHY
OF
PARTICIPANTS

SENTIMENT
BY VOLUME OF
POSTS

SHIFT
IN SENTIMENT

LANGUAGES
SPOKEN BY
PARTICIPANTS

TIME SPENT
W/DISTRIBUTED
CONTENT

TIME SPENT ON
SITE VIA
SOCIAL
REFERRALS

METHOD OF
CONTENT
DISCOVERY

CLICKS

% OF
TRAFFIC VIA
EARNED MEDIA

VIEWTHROUGHS

NUMBER OF
INTERACTIONS

INTERACTION/
ENGAGEMENT
RATE

FREQUENCY
OF SOCIAL
ACTIONS PER
CONSUMER

% OF VIDEOS
VIEWED

POLLS TAKEN/
VOTES RECEIVED

BRAND
ASSOCIATION

SENTIMENT
BY VOLUME OF
IMPRESSIONS

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45

# OF
ESPOSURES OF
PURCHASE
USER-GENERATED
VIRTUAL
CONSIDERATION
SUBMISSIONS
GIFTS

# OF VIRTUAL
GIFTS GIVEN

RELATIVE
POPULARITY
OFCONTENT

ATTRIBUTES
OF TAGS

REGISTRATIONS
FROM 3RD-PARTY
LOGINS

REGISTRATIONS
BY CHANNEL

CONTEST
ENTRIES

CHAT ROOM
PARTICIPANTS

WIKI
CONTRIBUTORS

IMPACT OF
OFFLINE
MARKETING/
EVENTS

UGC CREATED
FOR
REPURPOSING

CUSTOMERS
ASSISTED

SAVINGS PER
CUSTOMER
ASSISTED VIA
SOCIAL MEDIA

SAVINGS BY
LETTING
CUSTOMERS
CONNECT

IMPACT ON
FIRST-CONTACT
RESOLUTION
(FCR)

CUSTOMER
SATISFACTION

VOLUME OF
FEEDBACK
GENERATED

TAGS ADDED

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R&D TIME
SAVED BY
SOCIAL
FEEDBACK

SUGGESTIONS
IMPLEMENTED
VIA SOCIAL
FEEDBACK

COSTS SAVED
BY NOT
DOING TRADL
RESEARCH

IMPACT ON
ONLINE
SALES

IMPACT ON
OFFLINE
SALES

DISCOUNT
REDEMPTION
RATE

IMPACT ON
OTHER OFFLINE
BEHAVIOR

LEADS
GENERATED

PRODUCTS
SAMPLED

VISITS TO
STORE LOCATOR
PAGES

CONVERSION
CHANGE DUE
TO RATINGS/
REVIEWS

RATE OF
CUSTOMER
RETENTION

IMPACT ON
CUSTOMER
LIFETIME VALUE

ACQUISITON/
RETENTION
COSTS
SAVED

CHANGE IN
MARKET
SHARE

EARNED MEDIAS RESPONSES TO


ATTENDANCE
IMPACT ON
SOCIALLY POSTED GENERATED AT
PAID MEDIA
EVENTS
EVENTS

EMPLOYEES
REACHED
INTERNALLY

JOB
APPLICATIONS
RECEIVED

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