social media analytics for higher ed institutions · 2012. 6. 14. · social media analytics for...
TRANSCRIPT
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Social Media Analytics for Higher Ed Institutions
Stéphane Hamel, MBA, CWA Director, Strategic Services
June 2012
@SHamelCP
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Welcome & Introduction
Your Name
Your Role & Department
How are YOU, personally, using Social Media?
What information are you looking to take away from this workshop?
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Topics
Why and how to measure the impact of your social media marketing
How to find insights in your analytics data
How to optimize your social media activities
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Ogilvy: we sell or else…
• Video http://youtu.be/Br2KSsaTzUc
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Agenda
Study: “Best practices in social media analytics ”
Definitions
ROI in the context of social media
Social Media metrics
Social Media analytics
ROI of Social Media
Case study & Q&A
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Social Networking on the Rise…
Rising usage of social networking sites: http://searchengineland.com/top-internet-activities-search-email-once-again-88964
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“Best Practices in Social Media”
Summary of Findings from the Third Comprehensive Study of Social Media Use by
Schools, Colleges and Universities April 13, 2012
Survey of 1,187 professionals in higher ed
Source: sloverlinett.com
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Why is your organization doing social media?
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Use of social media
96%
80%
73%
68%
55%
51%
43%
33%
27%
17%
YouTube
Blogs
Flickr
Website
Social community (vendor)
In-house community
Geosocial services
Source: sloverlinett.com
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By the Numbers
845 Million Users
150 Million Users
500 Million Users
16 Million Registered Users, 58 Million unique visitors/month
50 Million Users, Over tens of millions of documents
4.3 Million Unique Visits per month
2.07 Billion Pageviews in 2011-2012
5.3 Million Users, 180 Million Unique URLs Bookmarked
800 Unique Users/Month, 3rd most popular site on the Internet after Facebook and Google
8 Million Registered Users, 65 Million Unique Visitors per month
1 Million Registered Users, 80 Million Unique Visitors per month
11.7 Million Users, 11 million visitors each week in December 2011
21 Million Articles, over 3.8 Million Articles in English
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Who are your target audiences?
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Audience
95%
81%
70%
69%
66%
56%
53%
51%
45%
40%
23%
23%
Alumni
Friends & Supporters
Donors
Current Students
Current Faculty and Staff
Prospective Students
Media
Parents of Current Students
Parents of Prospective Students
Employers
High School Guidance Counselors
Government OrganizationsSource: sloverlinett.com
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What are your goals?
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Goals
4.3
4.1
3.6
3.5
3.4
3.2
3.1
3.1
3.1
2.9
2.9
2.6
2.7
2.7
2.5
2.0
Engage alumni
Create, sustain, and improve brand image
Increase awareness/advocacy/rankings
Engage current students
Build internal community
Engage current faculty and staff
Engage admitted students
Engage prospective students
Engage the local community
Recruit students
Engage parents of current students
Engage the media
Conduct research on audiences
Raise private funds
Crisis and issues management
Recruit faculty and staffSource: sloverlinett.com
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Planning
6%
12%
21%
26%
22%
14%
Spontaneous Planned
Source: sloverlinett.com
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Coordination
43%
22%
11% 8% 7%
10%
Local Coordinated
Source: sloverlinett.com
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Centralization
16% 14%
12% 9%
15%
34%
Centralized Dispersed
Source: sloverlinett.com
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Success
3%
11%
65%
20%
2%
Not at allsuccessful
Not verysuccessful
Somewhatsuccessful
Very successful A model ofsuccess
Source: sloverlinett.com
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Which metrics are you looking at?
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Measures
3.8
3.4
3.3
2.9
2.8
2.4
2.4
2.2
2.1
2.1
1.9
Number of “friends,” “likes,” members, participants, posts or comments
Volume of participation (unique person counts)
Number of “click-throughs” to your website
Event participation
Anecdotal success (or horror) stories
Volume or proportion of complaints and negativecomments
Penetration measure of use among target audience
Surveys of target audiences
Donations
Analysis of content of/number of mentions in blogs
Number of applications for admission
Source: sloverlinett.com
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Is it successful?
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Most successful areas
57%
14%
9%
7%
4%
3%
3%
1%
3%
Increasing engagement with our target audiences
Increasing awareness of your school
Building a stronger internal community
Creating awareness of key institutional initiatives
Increasing attendance at our events
Recruiting students
Communicating during campus issues/crises
Increasing donations
Other (please specify)
Source: sloverlinett.com
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Source: higheredexperts.com
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Source: higheredexperts.com
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Source: higheredexperts.com
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Source: higheredexperts.com
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Source: higheredexperts.com
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Definitions
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In your own words, define “social media”
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Social • Qui s’intéresse aux rapports entre un individu et les autres membres de la collectivité.
Emmanuel Benner, 1836-1896
Prehistoric Man Hunting Bears
Musée d'Unterlinden, Colmar, France.
The term social refers to a characteristic of living organisms as applied to populations of humans and other animals. It always refers to the interaction of organisms with other organisms and to their collective co-existence, irrespective of whether they are aware of it or not, and irrespective of whether the interaction is voluntary or involuntary.
Source: Wikipedia.org
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Media In communications, media (singular medium) are the storage and transmission channels or tools used to store and deliver information or data.
Source: Wikipedia.org, Photo: sxc.hu
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Jour de marché, place Jacques-Cartier Montréal, QC, 1884-1885
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How an organization arrives at an optimal and realistic decision based on data.
Adapted from Wikipedia
Analytics: the science of analysis.
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Analysis The process of breaking a complex topic into smaller parts to gain a better understanding of it.
Adapted from Wikipedia
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creativity The ability to generate innovative ideas and manifest them from thought into reality. The process involves original thinking and then producing.
Source: Wikipedia.org
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Social Media Metrics
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Turboencapulator
• Video http://youtu.be/rLDgQg6bq7o
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The ROI pyramid
Role Metrics Specific Data
(examples)
Source: Jeremiah Owyang, Altimeter Group
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Community managers Engagement data
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Twitter & Klout
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Facebook Insights
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Business stakeholders
Social media analytics
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Simple: RFM
Recency
Frequency
Monetary value (Goals)
Source: E-Metrics: Business metrics for the new Economy, Jim Sterne, 2000
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Google Analytics (Traffic Sources)
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Google Analytics (Campaigns)
http://blogs.apsc.ubc.ca/engineeringnews/2011/06/09/ubc-engineering-students-
recognized-as-bright-minds-in-bc/
Google Analytics URL: Builder
?utm_source=twitter.com
&utm_medium=twitter
&utm_campaign=ubcengineering
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CardinalPath.com 54 ©2012 Cardinal Path, LLC, All Rights Reserved. Proprietary and Confidential.
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?utm_source=facebook.com
&utm_medium=referrer
&utm_campaign=ABC123
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Defining goals in Google Analytics is very simple:
1. Give it a name
2. Specify the page that tells the goal is achieved
3. Give it a value (if possible)
Google Analytics (Goals)
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Google Analytics (eCommerce)
• Use eCommerce tracking for Alumni donations
• Easy to enable through Profile Settings
… however… tagging is a little bit more complex…
Source: Google Analytics – Ecommerce Tracking
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Google Analytics (Visitor Recency)
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Google Analytics (Visitor Frequency)
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Google Analytics (Goals)
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Google Analytics (Custom Report)
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Google Analytics (Custom Report)
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Google Analytics (Custom Report)
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Google Analytics (Advanced Segment)
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Google Analytics (Advanced Segment)
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Business executives Business metrics
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Financials
Are enrollments increasing as a result of social media activities?
Have donations from alumni increased?
Channel cannibalization or real increase?
Are we increasing operational effectiveness?
Eliminating defects
Increasing velocity
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Financials: Campaign attribution model
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Reputation
• Share of voice • Sentiment • Management
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Customer Satisfaction
Voice of the Customer Purpose of visit Task completion
Why not?
Overall satisfaction
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SM analytics
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TED: Sebastian Wernicke
• Video http://youtu.be/1Totz8aa2Gg
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Who?
What?
Success?
CRM – Customer Relationship Management Uses proven methods and e-business technologies to help
organizations identify, select, acquire, develop, build and maintain
valuable and long lasting relationships that are key to long-term
success.
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« a system formed by the interaction of a community of organisms with their physical environment » WordNet, Princeton University
Ecosystem
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CardinalPath.com 76 ©2012 Cardinal Path, LLC, All Rights Reserved. Proprietary and Confidential. Generated with touchgraph.com
Online ecosystem of ubc.ca
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Online ecosystem of ubc.ca
Generated with touchgraph.com
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Describe the lifecycle for one of your target audience.
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Attract
Engage
Convert
Retain
Advocate
Churn
Reactivate
Abandon
Visitor lifecycle
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Life Cycle
Attract
Engage
- Abandon
Convert
- Attrition
Retain
- Churn
+ Reactivate
Advocate
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Personas
Subscribers Readers
Repeaters
Fans
& Influencer
Source: « Social Media Metrics », Jim Sterne, pp.52-56
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Life Cycle Persona
Attract
Engage Readers
- Abandon
Convert Subscribers
& Followers
- Attrition
Retain Repeaters
- Churn
+ Reactivate
Advocate Fans
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Activity
Observe Engage
Monitor &
Respond Dialogue S
en
tim
en
t
Source: Jordan Julien, thejordanrules.com
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Source: theconversionprism.com
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Source: theconversionprism.com
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Defining Goals
Business Goals
Increase brand awareness Increase communication efficiencies
Lower market research costs Lower recruiting costs
Reduce marketing spend Grow your membership
Increase document downloads Be more innovative
Social Media Goals
Increase Twitter followers Increase Facebook fans
Increase Google+ followers Increase subscribers to our blog
Increase social media traffic to website Improve CTR on Twitter
Grow engagement on your blog (comments, likes, shares, etc.)
Each organization will have their own set of defined business and social media goals. Clearly define what goals you intent to measure and begin
tracking them as soon as possible.
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Life Cycle Persona Activity
Attract WoM
Online Marketing
Engage Readers Read
- Abandon - Bounce
Convert Subscribers
& Followers
Subscribe
Follow
- Attrition - Abandonment
Retain Repeaters Vote
Like
Share
Retweet
- Churn - Unsubscribe
+ Reactivate
Advocate Fans Tweet
Mention
Embed
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SMART objective
Simple Describe a specific outcome
Measurable Linked to a rate, number, percentage or frequency
Achievable With a reasonable amount of effort, they can actually be achieved
Relevant People involved have the necessary knowledge, authority and skills
Time-based Include clearly defined finish and/or start dates Doable
Understandable
Manageable
Beneficial
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Activity: SMART!
By [DATE], [WHO] will have [DONE WHAT] resulting in [RESULT] by [DATE].
_____________________________________
_____________________________________ _____________________________________ _____________________________________
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Social Media Metrics
Produced with Wordle.net from metrics of several social media services
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Life Cycle Persona Activity Metrics
Attract WoM
Online Marketing
Impressions
Reach
Engage Readers Read CTR
Views
Bounce Rate - Abandon - Bounce
Convert Subscribers
& Followers
Subscribe
Follow
Friends
Followers
Subscribers - Attrition - Abandonment
Retain Repeaters Vote
Like
Share
Retweet
Retweets
Likes
Engagement
Satisfaction
- Churn - Unsubscribe
+ Reactivate
Advocate Fans Tweet
Mention
Embed
Mentions
Buzz
Net Promoter Score
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KPI Definition Worksheet
• Name
• Description
• Objective
• Benefits
• Start date
• End date
• Life Span & Reporting periodicity
• Unit of measurement/formula
• Target Value
• Historical Upper/Lower limits
• Upper/Lower tolerance
• Sponsor
• Initiator
• Stakeholder(s)
• Internal or Customer Facing
• Data Sources
• Risks & Impact
• Relationships to other KPIs
• Comments
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Activity: KPI
Name: __________________________
Description: __________________________
Objective: __________________________
Stakeholders: __________________________
Data source: __________________________
Risk & Impact: __________________________
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Lean SixSigma 6σ
• A set of practices aiming at systematically improving processes by eliminating defects
• Segmentation, slicing & dicing of data
• Continuous improvement process for a changing environment
Define
Measure
Analyze Improve
Control
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Lean SixSigma 6σ
• Focus on maximizing velocity
• Analyze process flow
– Delays at each activity in a process
– User experience roadblocks
• Separation of
– value-add
– non-value-add
– costs
• Eliminate the cost of complexity (“make it easy to do business with”)
Credit: http://www.army.mil/ArmyBTKC/focus/cpi/tools3.htm
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Roadmap
• What is this business trying to accomplish? Overall Business
Strategy
• What are the short and long term objectives to achieve the strategy? Goals & Objectives
• What are the important execution steps to meet the goals & objectives?
Key Business Drivers
• What measure of success are tied to the drivers?
Key Performance Indicators
• What are the detailed measures that feed and augment the KPIs?
Supporting Metrics
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The business side of things: What is “ROI”?
Hint: it’s not “Return On Ignorance”
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In your own terms, define “ROI” as it applies to social media
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“Leading experts discuss social media ROI”, dreamgrwo.com, May 2012
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Forrester: ROI of Social Media
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Forrester: ROI of Social Media
Financial: Have budgets
balance improved? Have
operational costs decreased?
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Forrester: ROI of Social Media
Financial: Has budgets
balance improved? Has
operational costs decreased?
Risk Management: Is the
organization better prepared
to note and respond to
problems that affect
reputation?
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Forrester: ROI of Social Media
Financial: Has budgets
balance improved? Has
operational costs decreased?
Risk Management: Is the
organization better prepared
to note and respond to
problems that affect
reputation?
Digital: Has the institution
enhanced its owned and
earned digital assets?
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Forrester: ROI of Social Media
Financial: Has budgets
balance improved? Has
operational costs decreased?
Risk Management: Is the
organization better prepared
to note and respond to
problems that affect
reputation?
Digital: Has the institution
enhanced its owned and
earned digital assets?
Brand: Have constituents
attitudes about the brand
improved?
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Forrester: ROI of Social Media
Financial: Has budgets
balance improved? Has
operational costs decreased?
Risk Management: Is the
organization better prepared
to note and respond to
problems that affect
reputation?
Digital: Has the institution
enhanced its owned and
earned digital assets?
Brand: Have constituents
attitudes about the brand
improved?
Forrester, The ROI Of Social Media Marketing: More Than Dollars And Cents, A.Ray, Jul 2010
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Case study
Community college in Toronto
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Using the Lean SixSigma methodology.
Case study: Community College in Toronto
Define
Measure
Analyze Improve
Control
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Lean SixSigma methodology for problem resolution and increasing velocity:
1. Define
As our effort in social media over the past 6 months engaged local prospective students? (SMART)
Case study: Community College in Toronto
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2. Measure December 1st, 2011 – May 31st, 2012
Visitors from local market
Social media sources
Goal – “Prospect”
Case study: Community College in Toronto
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3. Analyze Are we reaching our target audience?
Which SM channel is the best for enrolling local prospects?
What is the lead time from SM touch point to goal?
Case study: Community College in Toronto
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0.4%
Are we reaching our target audience?
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Which SM channel is best for enrolling local prospects?
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What is the lead time from SM touch point to goal?
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With multi-channel attribution we know if social media was part of the marketing mix that lead to a conversion
What is the lead time from SM touch point to goal?
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4. Improve - Twitter
Instead of broadcasting – monitor and carefully respond to
high-school hashtags & tweeters
Consistently use campaign links and landing pages
Case study: Community College in Toronto
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4. Improve - Facebook
Case study: Community College in Toronto
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5. Control
Monitor progress over next three months vs three previous
months.
Case study: Community College in Toronto
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Conclusion: Topics
Why and how to measure the impact of your social media marketing
How to find insights in your analytics data
How to optimize your social media activities
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Q&A
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Web
Online
Business
Future of web online digital analytics
Big Data
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“Data is the new plastics”
• Video http://youtu.be/PSxihhBzCjk
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Useful references
Some places where I blog:
• http://www.cardinalpath.com/author/shamel/
• http://online-behavior.com/author/stephane-hamel
• http://blog.immeria.net/
Cool tools I really use! – BPMN: Biz Agi Process Modeler
– Wireframes: Balsamiq Mockups
– Excel dashboard integration: Next Analytics
– Live dashboards: Klipfolio
– Advanced analysis: Tableau Software
Readings: check out my extensive bookshelf at http://immeria.net/resources.htm
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Stéphane Hamel Director of Strategic Services
Quebec City, QC, Canada
twitter @SHamelCP CardinalPath.com
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Bonus content
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Analytics Competency
Center
Business
Technology Analysis
Provides: Actionable insight &
recommendations
Communicate: Business requirement & objectives
Supply: Means, tools and data
Strategy Goals
Technological capabilities & constraints Information architecture Instrumentation & BI
Statistics Analytical mindset
Problem solving Synthesis
Communication
Analytics Competency Center
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Online analytics maturity model
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Critical Success Factors
“...critical activities required for ensuring the success of your business. ... The term was initially used in the world of data analysis, and business analysis.”
Source: Wikipedia
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Maturity Model/Framework
Essential elements of effective processes which describes an evolutionary improvement path from ad hoc, immature processes to disciplined, mature processes with improved quality and effectiveness.
A framework is a well defined tactic to, with simplicity, master the complex environment of an organization.
“CMMI: guidelines for process integration and product improvement” By Chrissis, Konrad, Shrum
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bit.ly/oamm
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Online Analytics Maturity Model
• Grow your web analytics maturity
• Stay well balanced
• Gain expertise & confidence
• Demonstrate small but continuous success
• Don’t seek to grow more than 1 level/year
012345
Management,Governance &
Adoption
Objectives
Scope
Team & Expertise
Continuousimprovement
process &…
Tools, technology& data integration
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Activity: group discussion
Discuss the findings from your own self-assessment. _____________________________________ _____________________________________ _____________________________________ _____________________________________