how to measure roi for social media

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How to define a good social media strategy with ROI.

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How to measure How to measure ROI for Social ROI for Social

Media ?Media ?

Vanina Delobelle, Ph.D.

July 2009

Business GoalsBusiness Goals

Vanina Delobelle

Define what is your Business Goal

MARKETING• Increase traffic to your site• Improve brand positioning (have more people talk about the brand)• Reach a new customer segment• Set a new marketing message (new positioning, new marketing campaign)• Set a communication media with customers

You can have one major goal or multiple goals depending on your business issues.

Vanina Delobelle

Define what is your Business Goal

PRODUCT• Gather customer feedback about products• Set up user testing• Build a customer service• Launch customer surveys• Do market research and competition analysis

Vanina Delobelle

Define what is your Business Goal

SALES• Increase customer satisfaction• Increase number of recurring sales• Increase lead generation• Open a new sales channel• Reach a new customer segment

Vanina Delobelle

Define what is your Business Goal

CORPORATE• Hire talents• Increase employee retention• Improve internal knowledge sharing• Increase internal communication

Market Market SegmentationSegmentation

Vanina Delobelle

Know who your customers are

Segment precisely your customers as this is the beginning of successful ROI with Social Media. Because you will know your customer, you will be able to set up the most appropriate campaign and target the most relevant media.

Vanina Delobelle

Know who your customers are

• Socio-demographics data• Usages (psychological data)• Communication channels• Expectations in term of sales and messages • How do they perceive ads• What are their social graphs (how do they link to each other)• Purchasing decision cycle• Who do they partner with

Campaign Campaign DefinitionDefinition

Vanina Delobelle

Define the right campaign

• Define the messages• Define the tone• Define the formats (video, ads…)• Define the degree of virality (some formats will be more appropriate than others for a pure viral campaing)• Pick the partners you want to work with• Define your budget• Define your timeline

Social Media Social Media SelectionSelection

Vanina Delobelle

Select the right media for you

Not all the Social Media will be successful for you ! And one of the last thing you want to is be like everybody…

Vanina Delobelle

Select the right media for you - ExamplesYou want to launch a new fashion product targeting 20-35 years old women. Your business goal is to position the marketing message and trigger the first sales…which social media could you select ?• Blogs• YouTube• Viral campaign on Facebook with a social game• Twitt contests for the product on your current corporate account…

Vanina Delobelle

Select the right media for you - ExamplesYou offer a BtoB product targeting big corporations and you want to increase customer satisfaction and generate more sales with your installed base… which social media could you select ?• Webinars• Forums for tips• Online advisory boards• Virtual fairs where customers can meet and talk to each others• Slideshare to present new products…

Vanina Delobelle

Select the right media for you - Examples

You acquired a new company and you want to spread the message that you now have new offers in your porfolio… which social media could you select ?• Blogs• Twitter• Slideshare• Wikipedia…

Allocate ResourcesAllocate Resources

Vanina Delobelle

Allocate the right resources

Social Media require resources to create the content and keep your communities active.

Vanina Delobelle

Allocate the right resources

• Think thoroughly to build a team to deal with social media• Social Media does not happen by magic, it requires people who know what they are talking about and not only social media users• Identify internally who are already the best people to talk about your company and set up a pod gathering these people• Work with partners who can leverage your brand and others who can create valuable content

Results Results MeasurementMeasurement

Vanina Delobelle

Measure the results

Yes ROI exists for Social Media ! Depending on your business goal you can assess if you reached your target. Different measures will be used.

Vanina Delobelle

Measure the results

TRAFFIC• Number of views• Number of unique visitors• Number of returning visitors• Drop rate• Location of the users• Time spent on the site…

Vanina Delobelle

Measure the results

BRANDING• Number of external links• Number of conversations about the brand• Quality of the conversations• Number of active users in the community…

Vanina Delobelle

Measure the results

CUSTOMER SATISFACTION• Recurring sales• Number of customers willing to talk in your favor in conferences for example• Number of user feedbacks for new products generation and product testing• New revenues generated on a new segment…

Vanina Delobelle

Measure the results

INTERNAL PROCESSES• Number of qualified candidates you reached• Employees turnover• Employees satisfaction (do a survey to know about it)• Increase in productivity (timelines met, conflicts decreased…)…

For more conversations…

Twitter.com/vaninadelobelle

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