Tag Archives: social media predictions

Social Media Measurement at a Crossroads

21 Aug

We are at a crossroads in social media measurement. Expectations for rigorous and relevant measurement have risen more quickly than delivery. Too many are fixated on quantitative outputs – speeds and feeds – at the expense of understanding the outcomes achieved by social media marketing and social business. There is still too much emphasis on vanity metrics and not enough on business results. And, if you take a step back, there is simply too much talk about all this and not enough action. At the risk of exacerbating the last point, let me explain.

 

Social Media Measurement Started with the Wrong Orientation

In the late 1990s and early 2000s, digital measurement focused on website analytics. The orientation was heavily quantitative. How many unique visitors? How many page views? How long did people remain on site? By 2007, with Facebook now three years old and Twitter completing it’s inaugural year, social media measurement was becoming a hot topic.

Crossroads1Early social media measurement practitioners generally came from the web analytics world. Early social media measurement efforts focused on quantifying outputs and not addressing the outcome of the program. The orientation was on ‘How Many?’ and not ‘What Happened?’ The quantitative orientation also came at the expense of qualitative assessment. The emphasis was on getting easily accessible statistics and not on content analysis to understand meaning and implications. These issues remain today, although we have made significant progress toward shifting the orientation to outcomes and business results.

In the early adopter phase of social media, social media measurement was under little pressure to go beyond quantitative output analysis. Many brands, companies and organizations viewed social media participation as a bit of an experiment to see how it best could be used within their organizations. But this was soon to change.

Struggle Between Easy/Superficial and Hard/Meaningful

It is difficult to pinpoint when social media crossed the chasm into a mainstream business activity. An IDC study in the Fall of 2009 suggested the state of social media still best fit the early adopter and not mainstream use pattern at that point in time. 2011 felt like the year the leap happened to me. With it came a new and emerging set of expectations around social media measurement.

Crossroads2In measurement, it is a truism that the metrics that are easiest to measure are seldom the ones that are most meaningful. It may be easy to measure outputs, but it is often much more difficult and expensive to measure outcomes. It is much easier to determine brand mentions in social media than it is to assess whether or not social programming has changed opinions and attitudes of the target.  It is infinitely easier to measure unique visitors per month than it is to determine the return on investment of a social media initiative.

Now that social media clearly is a mainstream business activity, the pressure to demonstrate the impact and value of social media has greatly increased. As the resources and investment against social media and social business become meaningful line items in the budget, the game changes. Demonstrating business impact and value requires an understanding of the business model of the company or organization and how social media/business creates impact (e.g. change in awareness, increase in purchase consideration, increase in active advocates around an issue) in that environment. Measuring impact is more difficult than measuring audience or engagement. It often involves primary audience research so the price tag is higher.

This is a key struggle we face – will we continue to take the easy, less expensive, minimal-value-of-the-findings approach or we will take social media measurement to another level, focusing on outcomes, investing in audience research and applying rigorous analytics to get at meaning and insight? The imperative is clear, how we respond will be telling. 

A Final Turn to the Right

One of the key themes at this year’s AMEC measurement conference in Madrid was creating a bias toward action. The time to (just) talk about measurement is in the past, the time for action is now. I might suggest this goes double for social media measurement. Here are three areas we can address that will help make the leap from talk to action.Crossroads3

  1. Every social media initiative has a measurement plan. Let’s make this happen. Literally any social media initiative, program or activity should have a measurement plan defined before implementation begins. Start with writing social media objectives that are measurable. Align social media metrics with business KPIs. Select metrics across multiple dimensions – programmatic, channel-specific and business-level metrics, for example. Or perhaps paid, owned, earned and shared metrics if your program is integrated across these dimensions. Collect data. Assess performance against objectives. Rinse and repeat
  2. Take a stand on standards. An exciting cross-industry effort has produced a set of proposed standards for social media metrics. Adopting standard definitions and metrics for social media is an important stage of measurement maturity that other marketing disciplines like advertising and direct marketing have already reached.
  3. Understand, articulate & demonstrate business impact.  The heat is on to demonstrate how social media is helping drive the business or organization forward. We must do a better job of connecting the dots between business KPIs, social media objectives and social media metrics and measurement. In some cases, we want to go beyond understanding attitudinal and behavioral changes to understand the financial value of the impact created. Capturing the financial value of social media requires expertise, data, time and money. We would always like to measure impact, and when it makes sense, we may push further to attribute financial value.

It will be interesting to see what the next year in social media measurement brings. The move toward standardization alone should be fascinating to watch. I have tried to make the argument we are at a crossroads or inflection point in social media measurement maturity. What ‘worked’ for us in the past will not work in the future. We know the expectations. The great unknown is how we respond.

Note: This post was inspired by a Carma webinar,co-sponsored by PRNews, I gave recently. You may download slides from that webinar here.

The Future State of Public Relations Measurement – 2013

8 Sep

(A college class recently asked me to predict where PR measurement would be in five years.  This is what I sent them)

I believe it was Neils Bohr, or perhaps Yogi Berra, who once said, “Predictions are difficult, especially about the future.”   In 2008, the public relations industry is undergoing rapid change driven by Web 2.0 phenomenon like social media, blogging, peer-to-peer communications and synchronous communications.  As the influence of traditional media diminishes due to ongoing fragmentation, public relations firms are re-inventing themselves to help clients navigate and succeed in this new reality.

Here are a few predictions for the future state of public relations measurement.  I almost guarantee these will be wrong.

More than half of all measurement dollars go to Outcomes research rather than (just) measuring Outputs. Historically the majority of PR measurement dollars have gone toward Outputs (exposure) rather than Outcomes (influence and action).  For most major PR programs, it is no longer considered sufficient to just measure Outputs.  Clients and companies increasingly demand to understand what actually happened as a result of getting a media hit rather than celebrating just getting the hit.

Cross-platform/domain measurement a hot topic – how do you measure the influence on someone who has read your blog, posted a comment, sent a tweet to 35 followers, visited another site and referred to your blog with a trackback, told four friends about your post, two of whom visited your blog as well?  Communications tools like advertising and public relations have always worked together synergistically.  By 2013, the number of ways to interact and participate in communities of interest has greatly complicated the measurement task.

Word-of-Mouth measurement will be another of the hot topics.  While both PR and Advertising claim they are the rightful ‘owners’ of WOM programs, neither is able to offer a comprehensive way to assign a value to a peer-to-peer conversation or recommendation.  By the way, it is nonsensical to try to use ad value equivalents for WOM.  Makes even less sense than using AVEs for earned print media

Marketing mix modeling is mainstream.  In response to cross-platform measurement challenges, an increase in interest in integrated marketing communications, and a continuing need to demonstrate accountability, marketing mix modeling will be commonly used in 2013 to report on the efficacy of large programs containing multiple communications tactics (advertising, PR, PA, direct, etc.)

Industry proliferation and consolidation.  The PR measurement industry is undergoing a proliferation of vendors in 2008.  For example, the number of social media measurement firms roughly doubled from 50 in 2007 to 100 in 2008.  Beginning in 2009 and continuing through 2013, there will be a series of company failures and consolidations that leaves about five large, strong measurement firms and a second tier of perhaps 20 specialist firms.

There will be a variety of free or very low cost public relations measurement tools available online that will make it very easy to obtain good Output data at low or no cost.

There will still be no standard metric for PR measurement.  Despite many efforts, there will be no agreement on a single, standard metric for public relations measurement.   Objectives vary widely and metrics need to reflect this.  In the social media space, Nielsen BuzzMetrics will be considered a de-facto standard by many practitioners.

We will still be talking about AVEs. The continuing quest for accountability and ROI will cause many to follow the easy and misguided route of ad value equivalencies.  This despite the fact that numerous professional organizations including PRSA and the IPR have come out against the further use of AVEs in the industry.

As always, thanks for reading.  -Don B

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