Top Social Media Monitoring & Measurement Posts of the Week

September 4th, 2009
Posted by: Hannah Del Porto
Posted in Media Measurement, Media Monitoring

Social media has caused a great deal of fuss in the worlds of marketing and research, but do the attempts to measure and make sense of all those friends, fans, followers, pokes, posts and retweets really amount to anything?

You invest $10k into a 3 month marketing campaign and make $20k; meaning the ROI was $10k. However, the campaign ended up damaging the brand reputation and image. So you made $10k from the campaign and lost much more (potentially millions) due to the weakening of the brand.

Social Search can be used to drive traffic, conversions, and increase ROI by monitoring conversations happening online. This panel is a first for SES with Marshall Sponder, Senior Web Analyst for Monster.com as the Moderator.

In that sense, I came up with three qualitative metrics that is important to consider when driving visitors to your site. These metrics are: Relevancy, Timing, and Trust.

Rather than drill down into specifics, let’s take a bird’s-eye view of the types of measurements that might prove useful to the marketing professional.

Social media can be measured, but measuring isn’t the same for everyone. Just like there’s no cookie-cutter social media marketing strategy for companies to purchase and implement, there’s no simple off-the-shelf answer for measuring your success with your social media strategy. It can be a combination of numerous measurements, both automated and manual.

Measurement of social media activity to determine ROI is a hot (and controversial!) topic on the web right now. You can see some examples of just how controversial it is here, here, here and here. Hat tip to Chuck Fitzpatric of ImpactWatch blog for those examples and more (and for the sound of dueling banjos that played through my head as I scanned the list of headlines).

I’d love to have a follow up post to this on the technical problems with measuring social media ROI, so if you’d like to somehow contribute to that please let me know (since I’m not a very technical person). I’m not going to go over every single business challenge, just the major ones that I believe I true obstacles for large organizations.

But, having thought about this and worked on the technology for nearly 3 years, I do think I have credibility in offering up a checklist of things to look for and to think about if you are choosing a social media analysis platform for your company.

I started to put together a list of questions that never seem to be answered up front on sites, in demos or in the first round of sales discussions. or demos.

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One Response to “Top Social Media Monitoring & Measurement Posts of the Week”

  1. ImpactWatch » Blog Archive » Top Social Media Monitoring & Measurement Posts of the Week Says:

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