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Showing posts with label method. Show all posts
Showing posts with label method. Show all posts

Oct 16, 2012

How Bill Nye the Science Guy Would Monitor Social Media

There is a scientific method that can be applied to monitoring social media. Businesses must first learn about their efforts and then fine tune them to prove their time and money is well spent.

Determining how much of an investment social media is worth is a topic that comes up again and again. I wrote recently about how, in my view, calculating social media ROI is missing much of the point of social media. I realize that not everyone agrees with my opinion that social media is more about engagement, customer service and developing brand loyalty.

I also realize that some people who invest in social media, or who must answer to a CEO or CFO about social media efforts, need certain proof that their time and money are well spent. There are companies that can do this (including Radian 6 and Eloqua), but for those who don’t have access to analytics, beyond what can be gleaned from something like Facebook Insights, YouTube or Twitter’s analytics tool (available to business accounts) I have a challenge for you: try using the scientific method — or a version of it — to see first what you can learn about your efforts and then how you might fine tune them.

Here’s my abbreviated version of the scientific method, amended for social media. I think Bill Nye the Science Guy would approve.

1. Establish a Baseline, aka a “Control”

This should be easy. What are your numbers today? How many Likes do you have on Facebook? How many do you average per day and per month? How many followers on Twitter? How many new followers do you average per day versus per month? How many subscribers to your newsletter? How long has it taken you to get to these numbers? How many hours and/or money do you spend on social media? How long did it take you to get to these numbers — or are you starting from scratch?

Set up a Google Docs spreadsheet or simply jot the numbers down on a piece of paper, and note the date. One of your goals with social media should be to increase daily numbers and reduce the amount of time it takes you to reach specific numbers.

2. Create a Hypothesis

Let’s say your gut feeling is that when you post humorous content you get the best engagement and Likes or followers go up. Your hypothesis would be, “I believe that my audience likes humor.” Or maybe you sense that your audience likes tips or other informational content. In this case your hypothesis would be, “I believe that my audience likes ‘How To’ content.”

This is sort of tangential, but when you are creating content, think outside the box. For humor, don’t just tell knock-knock jokes. If you’re a company that makes fitness or sports gear, look at what GoPro does: post funny crash videos (where no one gets hurt, of course). If you’re a bakery, post footage of kitchen disasters — and ask your users to send you theirs while you’re at it. If you’re a dentist, perhaps some dental disasters that you’ve fixed? A car dealer might post photos of cars that should be traded in. You get the idea.

3. Test

science_lab_shutterstock_94678012.jpg

 

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Source : cmswire[dot]com

Sep 21, 2012

Weekend Reading: Your Customers Know What They Want, Do You?

shutterstock_61758697.jpgCollecting information on customers is nothing new. But the quantity, variety and method of communications today makes for a slightly larger animal than the old surveys or focus groups. What started as a drop has become a deluge.    

This week we got some practical advice on how to tame that deluge to feed informed marketing campaigns. We heard why some of those campaigns fail, were led down the path of a customer journey and heard how all of these complexities are forcing changes in how we approach our work. 

Swimming in a Sea of Data

How to Untangle the Data Deluge

Phil Kemelor (@philkemelor):When did web analytics officially die? Perhaps a good benchmark was earlier this year when the Web Analytics Association renamed itself to the Digital Analytics Association to recognize that there is a lot more to the digital world than fixed web and that social and mobile channels also needed to be added to the mix. 

5 Tips to Improving Marketing Campaigns Using Data

Anil Batra (@anilbatra):Marketers spend millions of dollars on digital marketing campaigns every day. Analytics help marketers get the most of out of every dollar spent and drive great benefits for them and their organization. Data collected at each step of the way to conversion can help marketers and their agencies in optimizing each campaign's performance. Below I've outlined five tips on how to use the data to optimize marketing campaigns. 

The New Data Savvy Adaptive Marketing

Julie Hunt (@juliebhunt):Marketers for many organizations are facing evolutionary pressures to transform marketing practices and processes to the always-on state of Adaptive Marketing, a new iteration of direct marketing that wants to engender a unique brand experience for individual customers. 

At the heart of Adaptive Marketing is a customer-focused organization that is committed to constantly re-craft product offerings, sales initiatives and marketing tactics to match individual customer needs and wants. Adaptive Marketing is fueled by a matrix of customer intelligence analytics and maps into enabling continuously improved customer experiences.

Leveraging the Volume, Variety and Velocity of Business Data for Effective Marketing

Andrew Joiner: Analysts predict that within a few years, the CMO will have a larger IT budget than the CIO. Why is that? It’s because marketing is increasingly becoming a data-driven exercise and the organizations that can best understand and act on information will win the hearts and minds of customers.

Customers Know What They Like, Do You?

Lost at 'Like': The 10 Reasons Brands Fail to Convert Facebook Fans into Paying Customers

Mark Simpson (@markj_simpson): According to HubSpot, 93 percent of adults on the Internet are on Facebook, yet only one percent of a brand’s Facebook fans will ever make their way to the company’s main website.

 

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Source : cmswire[dot]com