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Metrics Madness “The end goal is action, not eyeballs” Quote source: Content Marketing Institute: Field Guide to the Four Types of Content Marketing Metrics Tema Frank @temafrank 1-866-544-9262 June 10, 2014
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com
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A Walk on the Wild Side Photo credit Lip Kee on Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com It Ain’t Easy! Must measure multiple touch points From a multitude of data sources Which activity (activities) should get the "conversion credit“?
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 1. Notice Us? Consumption Metrics Page views Video views Podcast listens Document views Downloads Share of voice Inbound links Search behaviour Photo by Diamond Farah, Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 2. Love us? 1 st Date (Engagement Metrics) Applause rate (likes, faves, +1s) SM conversion rate audience comments/post Amplification rate retweets/post or shares/post Social Influence Mktg Score (SIM) NPS x conversation share x 1,000 Photo by Kris Krug, Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 1 st Kiss (Lead Generation Metrics) Form completions Downloads Email subscriptions, opens & clicks Blog subscriptions Photo by Julie Jordan Scott on Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com True Love = Sales Conversion rates Impact on offline sales Customer retention Order frequency Average order size/price Photo by Quinn Dombrowski on Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 3. How Can We Improve? Our Response Rate Speed of Response User Activity Peak Times Analysis of Negative Content Conversion rates from: Custom landing pages Custom promo codes
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 4. Cost-Effective (Profitability Metrics) Cost/lead Revenue/lead Customer service costs (declining?) # of sales per sales rep Returns rate Online ad campaign profitability
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com You Thought That Was Tough…
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Measurement Challenges Much is trackable, but… 1. Connecting and tracking through multiple systems 2. Correlation vs. causality 3. How to control for other variables 4. Potential reach vs. actual
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Tools Data Gathering & Posting Data Analysis Testing & Refinement Lots of overlap
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Data Gathering & Posting Tools Photo by Alan, Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Data Gathering Tools Google Analytics (universal analytics) Google Webmaster Tools (esp for kw) Competitive Research Tools Social Sign-in Lots of Social Listening Tools
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Competitor research tools Free at basic level: Quantcast.com Quantcast.com Alexa.com Alexa.com Compete.com Compete.com Google Trends Google Trends (See also “social listening tools”)
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Social Listening Tools HootSuite – great for posting too HootSuite Tweetreach – reach, impressions, activites Tweetreach Social Mention - Strength, Passion, Sentiment and Reach (for comp analysis too) Social Mention Addictomatic – includes Bing & more Addictomatic Bottlenose.com – fun to watch Bottlenose.com Klout – influence score Klout
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com More free tools Facebook Insights [don’t just “boost post] Twitter Analytics YouTube Pinterest Etc. … Almost all platforms have analytics –
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Analysis Tools Creative Commons photo of Sigmund Freud
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Enough to drive you crazy!! Review of 50 tools at http://socialmediatoday.com/pamdyer/1458746/50-top-tools-social-media- monitoring-analytics-and-management-2013 http://socialmediatoday.com/pamdyer/1458746/50-top-tools-social-media- monitoring-analytics-and-management-2013 HubSpot Domo.com SproutSocial Radian 6 Mention.net, Sysomos, Viralheat - For measuring social chatter
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Hazards in Analysis Statistical significance Double-counted data Exclude your staff Separate paid vs earned media Text analysis errors
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com A/B Testing & More Test many things! (But not all at once) Test often! Test hypotheses Visual Website Optimizer (free) Visual Website Optimizer Google Content Experiments (free) Google Content Experiments
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com 3. Show Me The Money (ROI) Photo by gavin1 on Flickr
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Return on Investment ROI = (Investment – Revenues)/Investment Investment includes: Staff costs Overhead that can be attributed to that medium or effort Outsourcing costs, e.g. design, hosting, subscriptions, software, tools
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Essential Tools Google Analytics Hootsuite Buffer Bit.ly (or other shortener) A/B Testing tool
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com Future? Better in-store tracking & linking with online channels Real-time data, sync’d across channels Customer panels/ communities
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Frank Online Marketing – Please contact for permission to copy or use tema(at)frankonlinemarketing.com http://youtu.be/aH41_Dc0yQk
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Thank You tema@frankonlinemarketing.com 780-249-9262 LinkedIn: http://www.linkedin.com/in/temafrank Twitter: twitter.com/temafrank Facebook: facebook.com/frankonlinemarketing Google+: plus.google.com/+FrankOnlineMarketinghttp://www.linkedin.com/in/temafranktwitter.com/temafrankfacebook.com/frankonlinemarketingplus.google.com/+FrankOnlineMarketing Website: frankonlinemarketing.comfrankonlinemarketing.com Listen to Canada's weekly online marketing strategy show: frankonlinemarketing.com/ show
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