COMS 201 - Ch 10 - Measurement, Evaluation, and Budget.
Social Media is rooted not only in art and culture, but science as well.
Measurement & Evaluation
Global social media analytics increasing due to growing focus on competitive intelligence & user engagement
Social media involves math, stats, and numbers
Used for forecasting and reporting past events (Think accounting!)
Data - points of info that are collected through use of various tools & programs
Tells a story how audiences reacted to the data
Data Questions
Did the content resonate with them?
Did key messages motivate them to take action like we hoped them to?
What actions were taken as a result of the content, messages, and strategies in the brand campaign?
Did the influencers and creators we partnered with make the impact we expected?
How much media and audience exposure did get from our special events?
Who started the conversation and influenced the narrative in this crisis or situation?
How many leads and sales did we accumulate in response to what we did?
How many people signed up to our webinar with leading thought leaders?
Did we acheive our goals for this campaign?
Insights - what connects the relevant information (data) to tell the story on what data are saying
They show the “why” factor of analysis by pointing out key learning objects that need to be shared with others on what happened and where we need to go in the future
They show the why so that businesses and influencers can interpret and understand what happened and what they can do next
Knowing the financial impact of social media
Knowing about metrics:
Surface-level metrics
Attitudinal and behavioral metrics
Drive actions & relationships
Measurement strategy - collecting and analyzing data, discovering insights, and telling a story as to what happened and what to do in the future
Understanding the social media measurement and evaluation
M&E: the key to determining whether or not we were successful:
in accomplishing goals (long term and short term),
engaging audiences,
providing value (emotionally, financially, and socially)
Apple iPhone (social mobility and capital, aesthetically pleasing, one of the most valuable technology brands to date in terms of investments)
Social Media Metrica:
Engagement
likes, comments, retweets
post engagement rate
account mentions
Awareness
Impressions - how many times a post shows up in someone’s TL
Reach - potential unique viewers a post could have
Share of Voice
share of voice - percentage of brand’s voice compared to others online on a given topic
Referrals and Conversions
Referral - how a user lands on the website (social —> broken down by network)
Conversions - when someone purchases something from your site (visiting your social media site and purchased something in that same visit
Customer Care
Response Time: how fast team members on customer/social care respond to your messages
Response rate: how many messages team and social team mmbrs address in a period of time (hour/day/week)
Response Tone and sentiment: What was the overall emotion and tone of the response from audience mmbrs to the social team
AMEC Components
Objectives
Communication
Media
Business
strategic planning stage after research, communication audit, situational analysis
Goals you want to accomplish with the campaign following the SMART requirements
Specific, measureable, achievable, realistic, and time-specific
Inputs
Situational
Audience
Understanding the core group of ppl in a social media campaign and identifying the current situation and landscape
Who is target audience, what is current situation, what resources are avaliable to understand them
Activities
Specific strategies and tactics to be implemented in the campaign
Specific social media updates, assets, tools used to create & spread content
What content & messages will you be creating and sharing to the audience
Outputs
Measuring impact of social media content
Metrics designed for specific channels, platforms, and objectives
Content (updates, stories, videos) that measures impact of pieces of content
How did ppl respond to the content on every platform?
Outtakes
effects of content and messages from audiences
reactions
feedback
coverage
recall
What reactions & behaviors occured as a result of the messages, content, and actions taken on social media?
How did they respond to the updates?
How likely were they to recall your content with others? (partnership?
Outcomes
“ “
Reactions
Sentiment
Engagement
Feedback
Coverage
Actions taken
Increased advocacy
How well did audiences receive your messages?
Did you change their views or attitudes?
Impact
how business objectives are measured and the contribution of social media
reputation measures
attitude and policy changes
brand community
advocacy
How has the firm, client, or individual been influened or change thru the campaign?
Clearly state what they did in relation to their goals, provide evidence that their efforts were successful, and provide guidance on what helped and what needs to improve
Need to know how much you want to increase by to have actionable variables to present
Hard numbers that illustrate growth, impact, and results from social media for PR, mktg, reputation, and sales
Measurement strategy - collecting and analyzing data, discovering insights, and telling a story as to what happened and what to do in the future
Traditional Methods:
Focus groups
Surveys
Interviews
New tools
FB, TikTok, Instagram, YT, LinkedIn analytics
Third Party Tools (Salesforce, Klear)
Channel Analytics - show content on the designated platform, what worked, what didn’t, and the data & insights on how to improve.
Other Key Components
Location of Source
Network (How connected are they, are they influencers?)
Content and context (what situations are they engaged with the content)
Consistency (what extent are they engaged with the content)
Importance of Having a Measurement Strategy
Informed abt key audiences throughout the social media program and campaign journey
Effectively executive and create impactful content
Align content, stories, and other social media updates to be executed at the “right” time, place, platform
Identify with key audiences, influencers, microinfluencers, and discover new audiences to create relationships with
Note what tools work in collecting and providing insights (and which don’t)
Identify both opportunities and warning signs for client & campaign intiatives
Determine the health and well-being of comm mmbrs and dynamics of the relationship they have with a brand
Evaluating Social Media Activities:
Better understanding of how social media channels benefit your brand and client
Seeing loyalty to your brand and company
See overall performance of the content with/without paid support
Organic v. sponsored posts
Noting the place of social media channels within the comm you are engaged w/ but how the content spreads and is received by others
Discover which content worked well for you
Forecast and evaluate risks the company may face in future, prepare for said risks
Determine missed opportunities, gaps, or lessons for the future
Outcomes
Three Areas:
Cognitive
If people could comprehend your message and the message behind the message
Includes:
Inquiries, comments, questions, frequency of comments , response time to inquiries, and looking at where and when ppl are coming to your site for what info
Attitudinal
The response to the content and the audiences’ feelings, perceptions, attitudes
Negative/Positive, overall sentiment
Includes: personalized messages, sentiment and tone of shares, comments, and word of mouth, reactions
Conative
Behaviors exhibited by audience members after seeing a post on social media
strong call-to-action statement allows members of audience to understand and know what they need to do
Conversions
Creating new relationship, sale, or action
Includes: Specific actions and behaviors taken, advocacy efforts, ambassador endorsements, and influencer endorsements, sign ups, response time, consumption of content , actions taken due to the content , website and microsite traffic and analytics
Calendar
A guide for when certain posts, intiatives, pieces of content, strategies and tactics, and research and evaluation need to happen
Timing affects not only resources but also placements of key messages
What associated tactics and ideas will be implemented during the campaign?
Tips:
Invest in tools to help create calendars
Work with content team to have a content library ready for posts and updates for the year
Outline clear tasks and deadlines
Outline timing for research and evaluation
Decide what ur calendar needs to track
Have protocols in place in case the calendar needs to be adjusted
Budget
social media is not free, numbers are your friend
Pay-to-play model
Smaller budger than other areas (accounting, finance, supply&op)
Bottom Line
Areas to Invest in Your Budget
tools
content creation, content monitoring, social media measurement, staff time
Canva, Adobe Spark
people
Best professionals
range of skills, experiences, and perspectives to the table
What roles, duties, responsibilites, what qualifications
Consulting fees
Resources for focused projects
Seeking help from experts in specializations
videography, crisis communications, ideation, augmented reality/virtual reality storytelling
Research
USE BOTH METHODS:
Traditional (focus groups, copy testing, interviews, surveys)
social media methods (listening, monitoring, reporting tools)
Comprehensive, full view
Social media education
books, webinars, trainings, certifications
Microsoft, hootsuite, LinkedIn Learning, HubSpot
Contingency Plans
Backuplans for when things go wrong
Crisis management
Promotion and sponsored content
Boost or pay for content to appear on someone’s timeline to get it noticedd
sponsored twts, stories, and updates
Tailor the ads and posts
Setting up ads on the various channels to drive traffics, interactions, followers, and even leads is an important element in which to invest
Metrics to Consider for Budgets on Social Media
cost per action (CPA) - aligns more w/ conative outcomes b/c it focuses on initiating a certain action
cost per conversion - (CPC) - focuses on the # of conversions made in a campaign
cost per engagement - focuses on how much people reacted to the content provided for an entire campaign
CPA is not
cost per click - how much you pay until someone clicks on your ad
7-15 cents cost per click
SPENDING those cents for someone
click through rates - the rate at which conversions are measured from clicking on the ad, adding the product/service, and actually buying the product?
how many people are clicking through the ad
Class Notes
UTM
/ UTM - Source = “youtube”;
utm - referral = “tiktok”
Can tie these to different campaigns
Urchin Tracking Module
Snippet of text added to the end of a URL to track metrics and performance of a specific digital mktg campaign
Contains: campaign, source, medium, content, term
Mktg collateral
Ebooks
White papers
Newsletters
Testimonials
Email blast
Text blast
Traffic Attributions
Insights - telling a story ‘
Impact
Pzifer and AstroZeneca
AI and Research on pharmacuetical
Can persuade gov’t, persons / public abt it
New Social Media Campaigns
We need two posts a week?
What is the purpose of it and what will we be posting about now?
How do I know that the ad worked?
Looking at the numbers of conversions and referrals
Excels
Tableu
Power BI
Salesforce
Qlik
Social media mktg often has no line item on the financial statements (grouped w mktg expense)
Convincing coroporate management to hire social media managers as a line item
Gary Vaynerchuk - Organic growth: YouTube videos about wine
WHY do brands make certifications?
Need more people to be aware about our products
Marketing v. Engineering and Education and Engineering
ACME employers
touchpoints
FOX NEWS
Pitch of Bakery
NBC Interview
Seeding
having access to sites and mediums to post and reach people
Trust Logos:
A line up of customers that you’ve worked with
Why do the articles and customer testimonials matter?
It provides the evidence of the work they do and proves that their funding is not to waste.
It builds a trustworthy relationship
To add their brand of excellence
Their story adds to the total scientific and academic conversation
Saving 10 years in a petri dish to 10 minutes in a computer
Overnight “remedies” can be stopped
Regeneron
Social Media is rooted not only in art and culture, but science as well.
Measurement & Evaluation
Global social media analytics increasing due to growing focus on competitive intelligence & user engagement
Social media involves math, stats, and numbers
Used for forecasting and reporting past events (Think accounting!)
Data - points of info that are collected through use of various tools & programs
Tells a story how audiences reacted to the data
Data Questions
Did the content resonate with them?
Did key messages motivate them to take action like we hoped them to?
What actions were taken as a result of the content, messages, and strategies in the brand campaign?
Did the influencers and creators we partnered with make the impact we expected?
How much media and audience exposure did get from our special events?
Who started the conversation and influenced the narrative in this crisis or situation?
How many leads and sales did we accumulate in response to what we did?
How many people signed up to our webinar with leading thought leaders?
Did we acheive our goals for this campaign?
Insights - what connects the relevant information (data) to tell the story on what data are saying
They show the “why” factor of analysis by pointing out key learning objects that need to be shared with others on what happened and where we need to go in the future
They show the why so that businesses and influencers can interpret and understand what happened and what they can do next
Knowing the financial impact of social media
Knowing about metrics:
Surface-level metrics
Attitudinal and behavioral metrics
Drive actions & relationships
Measurement strategy - collecting and analyzing data, discovering insights, and telling a story as to what happened and what to do in the future
Understanding the social media measurement and evaluation
M&E: the key to determining whether or not we were successful:
in accomplishing goals (long term and short term),
engaging audiences,
providing value (emotionally, financially, and socially)
Apple iPhone (social mobility and capital, aesthetically pleasing, one of the most valuable technology brands to date in terms of investments)
Social Media Metrica:
Engagement
likes, comments, retweets
post engagement rate
account mentions
Awareness
Impressions - how many times a post shows up in someone’s TL
Reach - potential unique viewers a post could have
Share of Voice
share of voice - percentage of brand’s voice compared to others online on a given topic
Referrals and Conversions
Referral - how a user lands on the website (social —> broken down by network)
Conversions - when someone purchases something from your site (visiting your social media site and purchased something in that same visit
Customer Care
Response Time: how fast team members on customer/social care respond to your messages
Response rate: how many messages team and social team mmbrs address in a period of time (hour/day/week)
Response Tone and sentiment: What was the overall emotion and tone of the response from audience mmbrs to the social team
AMEC Components
Objectives
Communication
Media
Business
strategic planning stage after research, communication audit, situational analysis
Goals you want to accomplish with the campaign following the SMART requirements
Specific, measureable, achievable, realistic, and time-specific
Inputs
Situational
Audience
Understanding the core group of ppl in a social media campaign and identifying the current situation and landscape
Who is target audience, what is current situation, what resources are avaliable to understand them
Activities
Specific strategies and tactics to be implemented in the campaign
Specific social media updates, assets, tools used to create & spread content
What content & messages will you be creating and sharing to the audience
Outputs
Measuring impact of social media content
Metrics designed for specific channels, platforms, and objectives
Content (updates, stories, videos) that measures impact of pieces of content
How did ppl respond to the content on every platform?
Outtakes
effects of content and messages from audiences
reactions
feedback
coverage
recall
What reactions & behaviors occured as a result of the messages, content, and actions taken on social media?
How did they respond to the updates?
How likely were they to recall your content with others? (partnership?
Outcomes
“ “
Reactions
Sentiment
Engagement
Feedback
Coverage
Actions taken
Increased advocacy
How well did audiences receive your messages?
Did you change their views or attitudes?
Impact
how business objectives are measured and the contribution of social media
reputation measures
attitude and policy changes
brand community
advocacy
How has the firm, client, or individual been influened or change thru the campaign?
Clearly state what they did in relation to their goals, provide evidence that their efforts were successful, and provide guidance on what helped and what needs to improve
Need to know how much you want to increase by to have actionable variables to present
Hard numbers that illustrate growth, impact, and results from social media for PR, mktg, reputation, and sales
Measurement strategy - collecting and analyzing data, discovering insights, and telling a story as to what happened and what to do in the future
Traditional Methods:
Focus groups
Surveys
Interviews
New tools
FB, TikTok, Instagram, YT, LinkedIn analytics
Third Party Tools (Salesforce, Klear)
Channel Analytics - show content on the designated platform, what worked, what didn’t, and the data & insights on how to improve.
Other Key Components
Location of Source
Network (How connected are they, are they influencers?)
Content and context (what situations are they engaged with the content)
Consistency (what extent are they engaged with the content)
Importance of Having a Measurement Strategy
Informed abt key audiences throughout the social media program and campaign journey
Effectively executive and create impactful content
Align content, stories, and other social media updates to be executed at the “right” time, place, platform
Identify with key audiences, influencers, microinfluencers, and discover new audiences to create relationships with
Note what tools work in collecting and providing insights (and which don’t)
Identify both opportunities and warning signs for client & campaign intiatives
Determine the health and well-being of comm mmbrs and dynamics of the relationship they have with a brand
Evaluating Social Media Activities:
Better understanding of how social media channels benefit your brand and client
Seeing loyalty to your brand and company
See overall performance of the content with/without paid support
Organic v. sponsored posts
Noting the place of social media channels within the comm you are engaged w/ but how the content spreads and is received by others
Discover which content worked well for you
Forecast and evaluate risks the company may face in future, prepare for said risks
Determine missed opportunities, gaps, or lessons for the future
Outcomes
Three Areas:
Cognitive
If people could comprehend your message and the message behind the message
Includes:
Inquiries, comments, questions, frequency of comments , response time to inquiries, and looking at where and when ppl are coming to your site for what info
Attitudinal
The response to the content and the audiences’ feelings, perceptions, attitudes
Negative/Positive, overall sentiment
Includes: personalized messages, sentiment and tone of shares, comments, and word of mouth, reactions
Conative
Behaviors exhibited by audience members after seeing a post on social media
strong call-to-action statement allows members of audience to understand and know what they need to do
Conversions
Creating new relationship, sale, or action
Includes: Specific actions and behaviors taken, advocacy efforts, ambassador endorsements, and influencer endorsements, sign ups, response time, consumption of content , actions taken due to the content , website and microsite traffic and analytics
Calendar
A guide for when certain posts, intiatives, pieces of content, strategies and tactics, and research and evaluation need to happen
Timing affects not only resources but also placements of key messages
What associated tactics and ideas will be implemented during the campaign?
Tips:
Invest in tools to help create calendars
Work with content team to have a content library ready for posts and updates for the year
Outline clear tasks and deadlines
Outline timing for research and evaluation
Decide what ur calendar needs to track
Have protocols in place in case the calendar needs to be adjusted
Budget
social media is not free, numbers are your friend
Pay-to-play model
Smaller budger than other areas (accounting, finance, supply&op)
Bottom Line
Areas to Invest in Your Budget
tools
content creation, content monitoring, social media measurement, staff time
Canva, Adobe Spark
people
Best professionals
range of skills, experiences, and perspectives to the table
What roles, duties, responsibilites, what qualifications
Consulting fees
Resources for focused projects
Seeking help from experts in specializations
videography, crisis communications, ideation, augmented reality/virtual reality storytelling
Research
USE BOTH METHODS:
Traditional (focus groups, copy testing, interviews, surveys)
social media methods (listening, monitoring, reporting tools)
Comprehensive, full view
Social media education
books, webinars, trainings, certifications
Microsoft, hootsuite, LinkedIn Learning, HubSpot
Contingency Plans
Backuplans for when things go wrong
Crisis management
Promotion and sponsored content
Boost or pay for content to appear on someone’s timeline to get it noticedd
sponsored twts, stories, and updates
Tailor the ads and posts
Setting up ads on the various channels to drive traffics, interactions, followers, and even leads is an important element in which to invest
Metrics to Consider for Budgets on Social Media
cost per action (CPA) - aligns more w/ conative outcomes b/c it focuses on initiating a certain action
cost per conversion - (CPC) - focuses on the # of conversions made in a campaign
cost per engagement - focuses on how much people reacted to the content provided for an entire campaign
CPA is not
cost per click - how much you pay until someone clicks on your ad
7-15 cents cost per click
SPENDING those cents for someone
click through rates - the rate at which conversions are measured from clicking on the ad, adding the product/service, and actually buying the product?
how many people are clicking through the ad
Class Notes
UTM
/ UTM - Source = “youtube”;
utm - referral = “tiktok”
Can tie these to different campaigns
Urchin Tracking Module
Snippet of text added to the end of a URL to track metrics and performance of a specific digital mktg campaign
Contains: campaign, source, medium, content, term
Mktg collateral
Ebooks
White papers
Newsletters
Testimonials
Email blast
Text blast
Traffic Attributions
Insights - telling a story ‘
Impact
Pzifer and AstroZeneca
AI and Research on pharmacuetical
Can persuade gov’t, persons / public abt it
New Social Media Campaigns
We need two posts a week?
What is the purpose of it and what will we be posting about now?
How do I know that the ad worked?
Looking at the numbers of conversions and referrals
Excels
Tableu
Power BI
Salesforce
Qlik
Social media mktg often has no line item on the financial statements (grouped w mktg expense)
Convincing coroporate management to hire social media managers as a line item
Gary Vaynerchuk - Organic growth: YouTube videos about wine
WHY do brands make certifications?
Need more people to be aware about our products
Marketing v. Engineering and Education and Engineering
ACME employers
touchpoints
FOX NEWS
Pitch of Bakery
NBC Interview
Seeding
having access to sites and mediums to post and reach people
Trust Logos:
A line up of customers that you’ve worked with
Why do the articles and customer testimonials matter?
It provides the evidence of the work they do and proves that their funding is not to waste.
It builds a trustworthy relationship
To add their brand of excellence
Their story adds to the total scientific and academic conversation
Saving 10 years in a petri dish to 10 minutes in a computer
Overnight “remedies” can be stopped
Regeneron