Social Media ROI

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SOCIAL ROI #prosite

description

Social Media ROI presentation for Prosite conference 4 May 2012

Transcript of Social Media ROI

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SOCIAL ROI#prosite

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@b_connected#prosite

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People tweet about … euh … everything

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Ronny Weltens@b_connected

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We work for clients like

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It’s not about you!

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Ikea selling sofa’s

Create Acts not AdsLeo Burnett

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BIRELL – The manliest man

Create Acts not AdsLeo Burnett

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Create Acts not AdsLeo Burnett

Heineken – The invite

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Stuff worth sharing

Stussy – Strip for likes

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Stuff worth sharingcreate a WOOW-effect

MOO online print service

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Stuff worth sharing

KLM Surprise

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Why should you care?

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But, customers want something in return

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There’s no such thing as a free lunch!

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Social media=

investment

€ -> ROI

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ROI =

GAIN FROM INVESTMENT – COST OF INVESTMENTCOST OF INVESTMENT

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The rules1. ROI is a business metric, not

media metric2. The values used in the equation

are nonvariable3. Every resource you assign has a

value4. ROI can only be calculated after

the investment has yield a return

IF YOUR EQUATION SHOWS A COST VALUE IN EUROSAND A GAIN VALUE EXPRESSED IN FACEBOOK LIKES,YOU’RE IN TROUBLE!

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Things happen in a sequence

Investment Action Reaction Nonfinancial impact

Financial impact

€€€€€€

ROI doesn’t live here

Social media activity has to positively impact customer behaviour and drive revenue to deliver ROI

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Investment Action Reaction Nonfinancial impact

Financial impact

Things happen in a sequence

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.000

ROI = 400%

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Hey Einstein,and Facebook fans…?

OK, you asked for it!Can you figure this out?

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Connecting the dots…

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1. Establish a baseline

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2. Create activity timeline

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3. Monitor impact on mentions

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You still with me?

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4. Measure transactional forerunners

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5. Check transactional data

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6. Overlay all data

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7. Look for patterns &prove/disprove patterns

How was this group touched by SM

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Formula to succes

Define the objectives FIRSTTHEN come up with the tactics

What are you trying to accomplish?

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KPI’sKey Performance Indicators

Allow you to measure a campaign’s performancewhile it is still running

But that’s for next year ;-)

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THANK YOU!Follow me @b_connected