measuring twitter marketing campaigns: funnel approach

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Measuring Twitter Campaigns: The Funnel Approach Marketers have long measured web-based campaigns with a funnel framework tracking campaigns from initial awareness to the end objectives. For campaigns on Twitter, the funnel framework remains logical for measuring and optimizing performance. The Twitter funnel differs from the traditional framework in the underlying metrics, measurement techniques, and more importantly, the levers marketers can pull to optimize campaigns and ongoing engagement. Below is a sample Twitter marketing structure and an analysis of a recent campaign from Dell, one of the most effective brands on Twitter. Max Reach Impressions Engagement Action Conversions (customers, revenue, sign-ups) INTRODUCTION: Campaign Tweets THE TWITTER FUNNEL: PAGE 1 OF 2 Measuring Twitter Campaigns: The Funnel Approach | 20 Decibels (20dbs.com) & The Social Media Society The Social Media Society is a newly formed association dedicated to the advancement of social media as a powerful communication channel & marketing platform. The Society provides an open forum for members to collaborate with other industry practitioners & grow social media marketing skills. Learn more at http://socialmediasociety.org 20 Decibels is the Twitter campaign management and analytics solution that social media professionals have been asking for. With 20 Decibels, social media managers and marketing agencies can easily manage, measure, and optimize Twitter campaigns. To become a beta user visit www.20dbs.com Connect with us on Twitter: @20dbs Max Reach = Followers The theoretical maximum number of people reached. Measured by summing the unique followers of the campaign’s originator plus participants. Impressions = Reach x Attention & Activity Weight Measured by weighing Reach with the likelihood that each person reached actually viewed the campaign higher attention and activity will generate more impressions. Engagement = Participation + Replies + Retweets Measured by aggregating the number of people that participate in the conversation, reply, or amplify (retweet) the conversation or campaign. Action = Desired customer action/response Measured with clicks, downloads (e.g. coupons), subscribing to updates, etc. Actions can occur on Twitter or in another channel depending on campaign specifics.

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Can a traditional funnel approach be used to measure social media campaigns? This paper shows one approach to measuring Twitter campaigns with a funnel. The Twitter funnel differs from the traditional framework in the underlying metrics, measurement techniques, and more importantly, the levers marketers can pull to optimize campaigns and ongoing engagement. This paper walks through a basic framework and a sample analysis based on one of Dell's recent tweets. This whitepaper was created by 20 Decibels with the Social Media Society for distribution at OMMA Social 2010 and Social Media Week in NYC 2010.20 Decibels is a Twitter campaign management and analytics solutions for social media professionals. Join our private beta at http://www.20dbs.com or connect with us on twitter @20dbs

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Page 1: Measuring Twitter Marketing Campaigns: Funnel Approach

Measuring Twitter Campaigns: The Funnel Approach

Marketers have long measured web-based campaigns with a funnel framework – tracking campaigns from initial

awareness to the end objectives. For campaigns on Twitter, the funnel framework remains logical for measuring

and optimizing performance. The Twitter funnel differs from the traditional framework in the underlying metrics,

measurement techniques, and more importantly, the levers marketers can pull to optimize campaigns and

ongoing engagement. Below is a sample Twitter marketing structure and an analysis of a recent campaign from

Dell, one of the most effective brands on Twitter.

Max Reach

Impressions

Engagement

Action

Conversions(customers, revenue, sign-ups)

INTRODUCTION:

Campaign Tweets

THE TWITTER FUNNEL:

PAGE 1 OF 2Measuring Twitter Campaigns: The Funnel Approach | 20 Decibels (20dbs.com) & The Social Media Society

The Social Media Society is a newly formed association dedicated to the advancement of social media as a powerful communication channel & marketing platform. The Society provides an open forum for members to collaborate with other industry practitioners & grow social media marketing skills. Learn more at http://socialmediasociety.org

20 Decibels is the Twitter campaign management and analytics solution that social media professionals have been asking for. With 20 Decibels, social media managers and marketing agencies can easily manage, measure, and optimize Twitter campaigns.To become a beta user visit www.20dbs.comConnect with us on Twitter: @20dbs

Max Reach = Followers

The theoretical maximum number of people reached. Measured by summing the unique followers of the campaign’s originator plus participants.

Impressions = Reach x Attention & Activity Weight

Measured by weighing Reach with the likelihood that each person reached actually viewed the campaign – higher attention and activity will generate more impressions.

Engagement = Participation + Replies + Retweets

Measured by aggregating the number of people that participate in the conversation, reply, or amplify (retweet) the conversation or campaign.

Action = Desired customer action/response

Measured with clicks, downloads (e.g. coupons), subscribing to updates, etc. Actions can occur on Twitter or in another channel depending on campaign specifics.

Page 2: Measuring Twitter Marketing Campaigns: Funnel Approach

APPLYING THE TWITTER FUNNEL: DELL CASE STUDY

This tweet is a part of Dell’s ongoing efforts on Twitter that have generated $6.5M in total sales

(Source: Brand Republic, 12/8/2009)

1,583,786 followers1,583,129 Dell + 657 participant followers

Dell is recognized as one of the most effective marketing-focused brands on Twitter. With dozens of active

Twitter accounts, Dell is distributing deals, running promotions, communicating with customers, and engaging

influencers. Dell uses Twitter to push campaigns to >1.5 million followers and maintains ongoing customer

interactions. From their top 6 handles alone, Dell sends an average of 14.5 @replies per day.

In the following example, we analyzed a single tweet from a recent @DellOutlet promotion.

121,440 impressions

8 participants on Twitter

1,404 clicks to product page

Max Reach

Impressions

Engagement

Action

Conversions(customers, revenue, sign-ups)

Campaign Tweet

PAGE 2 OF 2Measuring Twitter Campaigns: The Funnel Approach | 20 Decibels (20dbs.com) & The Social Media Society

Note: This analysis was completed using 20 Decibels tools, public data, and APIs. Dell did not participate.