A widescreen approach to social media measurement ultimately looks at the things that really matter: sales, profits, customer satisfaction and loyalty. Besides, honing in on the detail might not be the best use of your time, given the obvious difficulties that arise, particularly with attribution.
Almost all the social media monitoring services mine Facebook for data and present results when they happen. Unfortunately, Facebook is still a bit of a walled garden and a good portion of the activity there goes unseen and unreported by the monitoring firms.
What we need to keep exploring in social media is conversation pathing. Online gives us the best shot at refining measurement that we’ve had, really. The notion that we can trace all of the digital breadcrumbs – conversation points, recommendations and commentary, discussions including a brand within a larger conversation, content marketing, reviews, capturing of offline experiences – and create a weaving, meandering path through the social space in order to move the needle from separate influence points to an overall sense of how the profile of the aggregate conversation drove the customer to the finish line.
Communications professionals are becoming increasingly savvy about digital media, but far too few companies take the opportunity to tie their PR efforts to business outcomes that can easily be measured through web analytics (e.g., website traffic, new business leads, white paper downloads, online sales, etc.).
Online monitoring is broader than Twitter. WebWorkerDaily pulled together some advice on how to make a monitoring dashboard to track online conversations. As Dawn explains, the real magic is in the content you’re monitoring – your strategy and goals should come first.
Making sense of all the content and conversation out there is challenging, but the right listening strategy and tools enables you to filter out the key conversations. That’s the first step in any effective social media strategy.
The fact is, social media marketers are drowning in a sea of metrics. Every social platform and vendor offers its own metrics, and there are literally hundreds of ways to measure the success of social initiatives. With so many numbers to choose from, and so little insight into which metrics are important, it’s not surprising that marketers feel overwhelmed.
After conducting 24 phone interviews, five video interviews, several round-robin Q&As and an online survey among industry movers-and-shakers—not to mention poring over reams of data from studies and surveys—eMarketer sees the following five broad approaches as key to moving forward on the online brand measurement front:
Beyond monitoring, insight from the social sphere is untapped. Social media monitoring is just the first baby step, and most companies haven’t tapped into what the data actually means.
Social media—the most popular are blogs, wikis, social network sites, and microblogging—offer both opportunities and difficulties in the establishment of metrics: Social media adds a level of qualitative information to the quantitative data traditionally made available through web analytics. However, the quantitative information is often restricted and not easily comparable among sites.
You’d think many business people wouldn’t dedicate time or paid personnel to a media initiative unless there were some way to track its progress. And yet, a recent study suggests that willy-nilly approach is the norm for social media adoption among many firms today.
This post is meant remind us of some huge possibilities behind the tool: here are 5 great Yahoo! Pipes that can be used for brand monitoring for competitive research and reputation management:
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Social Media Monitoring Tools and Reviews
5 must have tools for social media monitoring – Social Web School
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Slides and Presentations
The Future Of Social Media Monitoring Marshall Sponder – Web Metrics Guru
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