measure of roi for social media - facebook, twitter and website for mdbg

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  • 7/29/2019 MEASURE OF ROI FOR SOCIAL MEDIA - FACEBOOK, TWITTER AND WEBSITE FOR MDBG

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    YIHAN CHENG 201176659

    CHIAO-YUEH PENG 201173782

    TAJANA STANKOVIC 201164459

    ABHINAV UPADHYAY 201188834

    XIAOYI WANG 201194306

    LINGYU WU 201185535

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    Contents

    Initial model

    Plan for ROI model

    Analysis of task2

    3

    4

    Background1

    Presentation objectives

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    Company Background

    MDBG is the advertising & media family of theMum Dad Baby Group

    Target audienceUK females, age group of 25-45,degree educated,financially stable

    Media networkMindful Mum is an online magazine for healthconscious mums

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    Project Background

    Effectiveness of influential marketing

    ROI for social media

    AdVALUE

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    Partner with

    connected

    consumers becoming

    influential in their

    network

    Effective strategy

    Value and

    meaningful

    interaction with

    like-minded

    individuals

    InfluencerMarketing

    Encourage WOM

    Brand Lift

    Influence actions

    Provide quality content and show humanized side

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    Digital influence

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    ROI for social media

    To develop better social media budgets

    To grow faster than competitors

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    Audience

    ______

    ______

    ____________

    ______

    ______

    ______

    ______

    ______

    AdVALUE

    Media

    partners

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    AdVALUE

    Marketers of client companies use the same toolsas content creators

    Content user or viewer can view or use the

    content, comment on it and share it on socialmedia platforms

    Slightly more than 1% of fans of the biggestbrands on social media are actually engaging with

    brands (Ehrenberg-Bass Institute, 2012)

    Quality content and humanized interaction buildthe engaging relationship

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    Objectives of the project

    To demonstrate ROI for AdVALUE

    To predict ROI for AdVALUE

    Can AdVALUE be used to determineconsumer insights?

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    METRICS FOR PERFORMANCE

    OBJECTIVES

    ROIdevelopment

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    Approach & Methodology

    TWITTER

    FACEBOOK

    WEBSITE

    Mindful Mum is present over the social platform of twitter

    as - @MindfulMum

    Source URL - http://twitter.com/#!/MindfulMum

    Mindful Mum has presence over the internet on

    www.mindfulmum.co.uk

    Mindful Mum is present over the social network of

    facebook as Mindful Mum

    Source URL - http://www.facebook.com/mindfulmum

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    MEASURE/PREDICTROI FOR MINDFULMUM FACEBOOK

    ACCOUNT

    MEASURE/PREDICTROI MODEL FORMINDFUL MUM

    (COMPREHENSIVEMODEL)

    MEASURE/PREDICTROI FOR MINDFUL

    MUM WEBSITE

    P1 P2

    P4 P3

    MEASURE/PREDICTROI FOR MINDFUL

    MUM TWITTERACCOUNT

    4 Phase Plan

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    BRAND ENGAGEMENT

    ROI model for TWITTER

    BRAND AWARENESS

    Proposed model will measure the following parameters andrelated marketing attributes

    BRAND LIFT

    1. NUMBER OF FOLLOWERS*^

    1. NUMBER OF FOLLOWING*^

    2. NUMBER OF TWEETS*^

    3. KLOUT SCORE*

    4. PEER INDEX SCORE*

    5. CUSTOMER INSIGHT#

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    Number of Followers and Following

    FOLLOWERS

    FOLLOWING

    04/03/

    2012

    17/02/2012

    19/03/2012

    BRANDAWARENESS

    THROUGHREACH

    1459

    1569

    4/03/2012

    1789

    2045

    1902

    1802

    Increased at a

    rate of 10.9%

    Increased at

    a rate of 20.8%

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    the number of updates publishedin Twitter. Avg - 18/day

    Number of Tweetsthe number of times theuser had beenreferenced or cited byother people, based onthe presence of @preceding their Twitterusername.

    TWEETSthe number of times theuser had been retweetedby other people asindicated by the use of "rt@", "rt@", "rt:@", "rt: @", "retweet @", "via @","retweet :@", or "r/t"

    the relationship between

    references of the user toreferences of others by the user,i.e, references : referencing

    relationship between

    retweets of the user toretweets of others bythe user i.e., retweets :retweeting

    the number of times the userhad been retweeted by otherpeople as indicated by theuse of "rt @", "rt@", "rt:@","rt: @" , "retweet @", "via@", "retweet :@", or "r/t"

    number of times the user wroteor responded directly to otherpeople as indicated by thepresence of an @ username atthe beginning of the update.

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    Number ofFOLLOWERS

    ANDFOLLOWING

    TWEETS

    (ALL CATEGORIES)

    EFFECTIVE REACH

    (user's follower count andfollower count of any follower

    retweeting any of their Tweets)

    influence (retweet ratio)

    BRAND AWARENESS AND ENGAGEMENT

    REACHPOTENTIAL REACH

    (user's follower count

    and follower count of any

    follower retweeting any of

    the users Tweets)

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    Influence

    PARAMETERSFOR

    MEASURINGINFLUENCE

    PEER

    INDEXSCORE

    CUSTOMER

    INSIGHT

    KLOUT

    SCOREKLOUTSCORE

    As per Cha et. Al (Measuring User

    Influence in Twitter: The Million

    Follower Fallacy, 2010)

    The different types of influence of aperson:

    1. In-degree influence

    2. Retweet influence

    3. Mention influence

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    Klout Score

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    Peer Index Score

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    Customer Insights

    54%

    Passion

    12%

    Reach

    - Likelihood of repeated

    mention of your brand byindividuals, who are

    already conversing about

    it

    - The number of unique

    authors referencing a brand

    divided by the number of

    mentions.

    Strength

    1%

    Sentiment

    6 : 1

    -Likelihood of brand is

    being discussed in social

    media

    -Calculation : phrase

    mentions in last 24 hours

    -Ratio of positive mentions

    to negative mentions

    -Calculation : KeywordAnalysis

    Through a social media platform is aggregation of user generated content

    from across the web into single stream information encompassing thefollowing -

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    Correlation between followers, following and tweets

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    Cross-correlation between followers andfollowing

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    Cross-correlation between followers andtweets

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    GANTT Chart

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    Thank You !!!