tj tee monitoring+measuring-engagement
Post on 17-Oct-2014
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MONITORING + MEASURING ENGAGEMENT TJ Tee Digital Marketing Evangelist, Integricity
forget all of this
First, a few things
• Figure out what you want to achieve • Be prepared to measure
• Best way to fail – don’t measure • Social media is easy to measure, just not with
conventional success metrics • Keep It Simple, St*pid (KISS)
• Avoid temptation/pitfalls • Too-good-to-be-true offers, free trials • Over-enthusiastic marketing people without a plan
Acquisition Activation Referral Retention Revenue Lots of stuff happens here
Acquisition Activation Referral Retention Revenue
PR, campaigns, SEO/SEM, affiliate mkt, EDM, social media, banner ads, SMS/MMS, app installs
Home page, landing pages, location-based services
Return visits, RSS, alerts/reminders, time-based triggers
Retweets, affiliates, contests, EDM, refer-a-friend, viral marketing
Sales, leads, subscriptions, affiliate revenue
Know what you want to track
• Driving engaged traffic to a website/landing page doesn’t guarantee any return
• Define metrics that are relevant for your business: • Targeted clicks, sign-ups, downloads • New leads/sales/referrals
• Ignore low-value metrics like: • Number of followers/fans/friends • PageRank, Alexa rank
• Loyalty • Trust • Passion • Interaction • Satisfaction • Authority • Feedback • Brand awareness
• Sales • Leads • Qualified users • Sign-ups • Referrals • Targeted clicks • Downloads • Video views/shares
Goals & objectives
Qualitative Quantitative
Qualitative measures
Campaign – Build loyalty and trust • Execution
• Engage with customers who mention your company or product on Twitter or Google
• Success metrics • +ve Comments sent to customers /week • +ve Conversations that started from a comment
• Goals/KPIs • x# +ve Conversations re: comp or prod /week • x# +ve Blog posts re: comp or prod /month
Qualitative measures
Campaign – Increase customer satisfaction • Execution
• Engage with customers/prospects and ask what they would like from you
• Success metrics • New useful/good suggestions • Suggestions you implement
• Goals/KPIs • x# Suggestions collected per month and # you actually
implement
Qualitative measures
Campaign – Increase authority • Execution
• Blog about stuff you’re an expert on by writing authoritative content (first) and promoting your company
• Success metrics • Influential blogs linking to your content • Organic visitor traffic per month • Traffic that converts into sales
• Goals/KPIs • x% of Organic referral traffic per month • x$ Sales attributable to referrals from blog per month
Quantitative measures
Campaign – Increase offline sales • Execution
• Promotion on a social media platform (e.g. Facebook) Participants get a print-out voucher to redeem offline
• Success metrics • Monthly sales • Monthly store traffic (walk-in)
• Goals/KPIs • x$ Monthly sales • x% Increase in store traffic over pre-promotion period
Quantitative measures
Campaign – Increase online sales • Execution
• Use Twitter to inform prospects about exclusive time-limited promos
• Success metrics • Monthly sales attributable directly to Twitter • New customers attributable directly to Twitter • Monthly revenue generated from customers originally from
• Goals/KPIs • x$ Monthly sales directly attributable to Twitter
Tools to use
Google Alerts
Google.com/alerts
GA: Advanced Segments
Peashoot
Peashootapp.com
Facebook Pages: Insights
Measurement scorecard (sample) Stage Conversion Conv
(%) Est value (RM)
Acquisition Visitors to site/widget/landing page Eg: 2+ pgs, 10+ sec, 1+ clicks, 0 bounce
60 0.10
Activation Happy 1st visit, use the site, sign-up Eg: Clicks/time/pages, newsletter/profile sign-up, feature usage
15 0.25
Retention Users come back, multiple visits Eg: 1-3x visits/mth; email/feed open rate / CTR
5 0.50
Referral Users refer others Eg: Cust satisfaction >=8; viral K factor > 1;
1 1.00
Revenue Users Pay / Generate $$$ Eg. Sale, affiliate revenue
2 5.00
Budgeting
30%
25%
18% 18%
10%
Acquisition Activation Retention Referral Revenue
How much to spend for online marketing?
Key takeaways
1. Driving targeted traffic from social media sources is only half the challenge if you’re trying to sell something.
2. Define quantitative + qualitative goals & objectives, KISS.
3. Create a simple scorecard to measure KPIs, allocate budgets accordingly.
4. Filter out channels and strategies that don’t get good returns. Repeat.
Thank you.
Comments, questions, feedback, or want a copy of this presentation to impress your boss?
[email protected] facebook.com/tjtee twitter.com/tjtee