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Presented by: You Are Your Biggest Barrier Why Cross-Channel Measurement Should Be the Standard and Not the Exception Albert Chou
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2 Enterprise software change mgmt Low risk Day trader (BABA) Avid surfer Go Gators Who we are Digital marketing consultant NY Times best-selling author Blogger, podcaster, speaker MarketingPodcasts.com Certified BBQ judge
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The Challenge
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4 More channels, more problems
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5 I need ONE number
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6 Which one?
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When you start with “but,” you start the confusion.
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“But I have a different strategy!” “But Twitter is different from Facebook!” “But the audiences are different!” “But we did a special campaign!” “But my brand has more fans than that!”
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Get a grip! You can only compare like things.
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10 Case Example: Supply Chain at Yamaha
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11 Yamaha = Diverse Products Look at these products! How can they measure production efficiency?
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12 Cost of Production Revenue per Hour of Labor Cost of Goods Sold Profit Margin Operating Margin Capacity to Manufacture Profit & Loss Common Market Size Competitor Share Turn time Sales Sales by unique SKU Unique (By Product, By Vertical) How it’s Done: Focus on the Common
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13 Overall Manager Common Specialist Unique (By Product, By Vertical) Who needs which metric type?
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Please compare this to social media examples
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15 Likes, favorites, +1 Shares, retweets, reblogs, repins Reach and impressions Cost of reach and impressions Cost to support Outcomes of channels Click-through purchases Profit & Loss Common Unique metrics (consumptions) People by demographic People by location Mentions by platform Unique (By Platform) Joined Metrics = Commonality
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16 Likes Comments Shares Wall Posts Replies Private Message Favorite Retweet Replies Mentions Direct Message Comment Like Mentions Views Like Comment Shares Measuring apples to oranges
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17 Likes Comments Shares Wall Posts Replies Private Message Favorite Retweet Replies Mentions @Mentions Direct Message Comment Like Mentions Views Like Comment Shares Start: Identify Common Outcomes
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18 One standard for all channels Glossaries standardize how to talk about outcomes Formulas educate the group about expectations Common language allows for applicable learning
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19 Example: Shopify
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Outputs have costs. Costs = Inputs. What is your input per output?
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21 Supporting Social Carries Costs
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22 Key Factors for Costs (Wages)(% time on social) + Agency Fees + Media Spend + Miscellaneous Creative Fees 365 = Average Daily Costs
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23 How can you do more while controlling costs? Average Daily Cost = $1,000 FB Posts Per Week = 5 Tweets Per Week = 20 + Can you afford the lift in cost to support a new channel Will the costs net you a greater output Will you sacrifice from other channels Will your outputs per dollar of cost improve
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24 Are we engaging or selling? Highest area of traffic comes from Facebook FB costs < Total Sales = Very Nice
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Trending > Reporting
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26 You don’t need a data scientist.
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27 You need a trend: Better or worse than before?
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Executives: Multi-Brand Scorecards
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Community Manager: Multi-Channel Brand Scorecard
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31 Community managers prefer landscapes
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Most Common Need: High-Performing, Quality Content Per Dollar Spent
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33 This is bad: Inputs Outputs
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34 This is good: Costs Outputs
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35 This is really bad: Inputs Outputs
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36 This is really good: Inputs Outputs
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1. A single source of measurement 2. Find common grounds and standardize 3. Support brand uniqueness 4. Share knowledge to change the trend 5. Enforce Cost/Input standards How to Get There:
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