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Four Metrics for Measuring Social ROI

Mindjumpers

The confusion on social ROI might remain the same unless social media professionals stop trying to evaluate their online efforts the same way they measure the success of their other marketing activities. Following are four of those metrics for measuring social media ROI, which we see as of great importance. 1. Social media is all about interactions. Brand Awareness. Crowdsourcing.

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4 Key Ways to Impress Clients with Your Social ROI

agora pulse

Return on Investment, otherwise known as ROI, is the cornerstone of your business. In this post, I’ll show you how you can prove your social ROI to your customers. To look at this more closely, I’ve asked the opinions of three agency experts who have plenty of hands-on experience in measuring social ROI and the challenges that it presents. Those elements are: objectives.

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The Shocking ROI of Influencer Marketing

Convince & Convert

But the ability to calculate true ROI – to assign actual dollars to those clicks and shares – has mostly been limited to e-commerce companies who can successfully close the attribution loop. Influencer Marketing ROI Blows Online Advertising Out of the Water. Influencer Marketing generates as much as 11X banner ad ROI (highlight to tweet, you’ll love it).

5 Reasons Your Social Media ROI Sucks

SocialFish

Emails are portable and cost less later on, given the need in Facebook to pay to promote your posts to your fans. 2. If you follow my goal-related advice above, your metric is going to be closer to the bottom line than reach or  fan growth or post likes. I’d like to see you use cost per lead or lead per impression or revenue or ROI. 3. ————-.

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Social Media ROI: 5 Must-Reads

Firebelly

Here are 5 must-reads on social media ROI that we don’t want you to miss. By Debra Donston-Miller As businesses get more sophisticated in their use of social networking, so too are the metrics by which they measure social business ROI. Measure Social Media ROI with Google Analytics Social. ROI: Are Your Social Media Efforts Worth the Money?

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What’s the ROI of Social Media Silence?

Akamai Marketing

Regardless of the measurement opportunities, we still hear the same questions over and over again, “what’s the ROI of a social media?” What is the ROI of silence? Exactly how does that help increase sales, develop brand awareness, decrease customer service costs or any of the other goals you’ve set forth? ”  What’s the ROI of THAT message?

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Calculate Your Blogging ROI in 9 Steps

Convince & Convert

Thus, blogging presents a serious opportunity cost to the company. What do those hours cost the company in salary? What do those hours cost the company in overhead and benefits? Take your monthly salary costs figure ($1405) and multiply it by your company’s standard overhead calculation. The total labor cost for your blog per month is $2037 ($1405 + $632). D.

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How To Generate Three Times As Many Leads At One Third The Cost

The Social Media Hat

Blogging How To Generate Three Times As Many Leads At One Third The Cost. According to DemandMetric , content marketing costs a whopping 62% less than traditional marketing! they all cost substantially more than a regular marketing strategy that's based on content. Measure ROI. The Real Power Of Content Marketing. Far from it. Where do you begin? Identify Objectives.

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Social Media ROI’s Missing Ingredient

Convince & Convert

We spend almost no time figuring out how much does it actually cost us to do these things in social media? You cannot figure out ROI without first knowing the “I.” How to Quickly Figure Out Your Social Media Costs and Get Closer to Social Media ROI. Let’s say that costs your organization an average of $4,000 per month. Now You Know Your Costs.

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Not Tracking Social Media ROI is Your Fault

Convince & Convert

Last week, Susan Etlinger from Altimeter Group published the Social Media ROI Cookbook. click here to view and download the Social Media ROI Cookbook on Slideshare). If you’re looking to place blame for why you can’t measure social media ROI in your company, grab a mirror. Track Social Media ROI by Giving Customers Trackable Assignments. ” white paper.

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Facebook Ads: 9 Factors That Impact Cost Per Conversion

Jon Loomer

And by “results,” note that I’m focusing on Cost Per Conversion. Your focus is on the cost per desired action. There are nine main factors that impact the cost per conversion of Facebook ads… Click To Tweet. 1. As competition goes up, the cost to reach people in that placement increases. As competition goes down, so does the cost. Product.

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The Real ROI of Social Media is Revenue

Koka Sexton

ROI or Return on Investment is the calculation of time, money and resources against what you gain in return. In marketing we want to see 4X to 5X ROI on a campaign, if we could hit 10X then it was a home run. Return on investment ( ROI ) is the benefit to the investor resulting from an investment of some resource. ” when he was responding to social ROI. Full stop.

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20 Ways to Generate ROI from a Corporate Blog

Webbiquity SMM

The “ROI of social media&# (or lack thereof) is a hot, and still hotly contested, topic. summarized arguments from both sides a few months ago in The Social Media ROI Debate. More recently, numerous writers including Olivier Blanchard , Neil Glassman and Mark Schaefer have tried to make the case that social media ROI is real, can be measured, and must be measured.

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27 Writing Mistakes that Are Costing You Clients and Cash

Writtent Blog

have less ROI. The post 27 Writing Mistakes that Are Costing You Clients and Cash appeared first on Inbound & Content Marketing Hub. Forget about all your blog marketing and traffic generation efforts. In short, these careless errors (that pretty much all new bloggers make) could be a major obstacle in your efforts to scale your business online. 1. Typos. You should. Long Words.

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ROI and Social CRM Use Case 1: Using LinkedIn for Member Recruitment

SocialFish

Our (SocialFish) definition of Social CRM is “ the discipline of applying social media to membership management “, and the 12 use cases in our white paper, ROI and the Impact of Social CRM , show this in action. In ALL cases, you should be building your community on social media sites before you even think about ROI. ROI = low-cost, high-quality leads.

5 things to measure in social media ROI

Akamai Marketing

As evidenced by this video created by the Unmarketing Team of Scott Stratton, which tickled the funny bone of lots of social media peeps last week: Social Media ROI by UnMarketing. Social Media Metrics and ROI for You. What we can measure for social media ROI. While its still a relative bargin, social media can also drive traffic to a website without the same costs associated.

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How to Measure Your Facebook Ad ROI

The Social Media Incubator

What neither of these scenarios take into account is the cost of your campaign – what you spent to attract those sales. To figure ROI on your Facebook advertising, you need to calculate your cost per desired action. Let’s say those 1,000 ad views in both scenarios above cost you $100. They’re not. Conversions = leads or sales. 

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The Social Media ROI Debate

Webbiquity SMM

Can social media costs be justified on the P&L, so that as belts get ever tighter in this stagnant economy, these projects and tasks can be spared the budget axe? You wouldn’t buy a new machine tool or enterprise software application without an ROI analysis, so why should social media be any different? Is social media ROI measurable? Social Media ROI — No.

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Measuring Social Media ROI

Akamai Marketing

Another year of measuring social media ROI. I’ve kicked off a couple with some easy to use, downloadable templates for strategy and KPI. Because first, we should dispel some myths about measuring social media ROI. If you hope to measure ROI, you must first have an investment. All of those things will cost you either in terms of money or time. Stay Akamai: Phew!

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The 3-Pronged Facebook Advertising Strategy That Cut Lead Costs by 80%

SocialFish

The campaign was costing them roughly $17 to acquire a new lead – which in this space was considered fairly good. Here’s how it looked: At a cost per lead of $19.07…that The first segment of the campaign ran for about three weeks, and although lead and sales objectives were being met, we knew Facebook was building data that we could then use to lower the lead costs even more.

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26 Blogging Mistakes That Are Costing You Time, Money, and Credibility

ProBlogger

The amount of effort you put in especially in the beginning is directly proportional to your ROI. Those costs add up. Do you know which of the above gives you more ROI? It doesn’t mean guest posting is bad or produces poor ROI. Don’t waste time doing stuff you’re just not good at or stuff that bring you low ROI. You’re slaving at your blog.

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4 Mistakes Marketers Make With Mobile Facebook Ads

SocialTimes Facebook

Making sure you attribute call conversions  from your Facebook ads to accurately measure cost per lead and prove (and improve) return on investment. Advertising/Marketing Facebook ad revenue Ad Targeting Address Blair Symes Call Conversions Call Now calls to action Conversions Cost Per Lead CPL daily active users DAUs DialogTech discounts eMarketer geo-targeting Incentives Local Awareness Ads Location mobile News Feed Phone Number Promotions retargeting Return On Investment ROI smartphones Targeted Ads travel wifiIt’s no secret that digital advertising has gone mobile.

Should Advertising Cost Less?

Twist Image

Shouldn''t the cost of advertising go down? As you get better at it, as your testing and learning, you are able to lower your cost per acquisition and get laser-focused on what works and how to optimize it. We expect marketing spending to come in below prior-year levels due to productivity movements in marketing and advertising costs." What if marketers looked at it this way: as a brand finds it place in this new world, the cost of advertising should decline. marketing roi. That "value" is subjective (at best). Perceived value, if you will.

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What's Your Social ROI ?

Engaging Brand

In the "old days' advertising was judged on the cost of impressions , but in social marketing. Haven't we moved from   cost of impressions. So it is not about the cost of creating those impressions that you should measure. Social Business cost of impressions social marketing revenue from impression advertising brand social businessI have been reading about the concept of return on influence - clue to new show coming up! It hasgot me thinking about the measurement of impressions. believe that has now changed.how? REVENUE FROM IMPRESSION.

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Measuring Social Media ROI

Pamorama

pamorama marketing, life, social media Home About Bookshelf Links Contact Measuring Social Media ROI by Pam Dyer on December 21, 2009 Share Companies and brands are finally beginning to fully embrace social media. But many companies don’t have the faintest idea about where to begin when it comes to measuring the ROI of their social media campaigns and strategies. link] Urs E.

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Olivier Blanchard owes me a highlighter, Social Media ROI Review

Josh S Peters

With his book,  Social Media ROI (aff), Olivier Blanchard makes the case for social media a sa company wide initiative and then follows up that case with examples, case studies, frameworks, and measurement tips. It truly is the best book out there on the subject, and it’s not even 100% about ROI. In In fact ROI is only covered in a few pages at the end of the book.

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Is Our Addiction to ROI Killing Social Media?

Convince & Convert

In that workshop, we discussed social media ROI realities. Our mutual friend has apparently emphasized the importance of well defined, realistic, ROI. He was right, none of the proposals had included specific ROI objectives. Social Media ROI is Always Doable. Let’s take a customer service activity, how do I *directly* measure the ROI of helping a customer?

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Tweeting of purchases is a plug that money can’t buy – Social Media ROI Monetization

Laurel Papworth

The customer is effectively signing up the next customer at zero cost. digital economy Monetization Money Online Communities press social media social networks The Australian donations Facebook Fundraising group buying laurel papworth ROI Twitter How much is a a Tweet worth, in dollar terms? How about a customer sharing a purchase on Facebook – can that make you money?

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Proving Value vs ROI in PR

Proactive Report

His panel was about measurement, proving value and ROI. The areas where PR can show ROI are: Revenue generation – One example is Rosetta Stone’s discovery of the over-50 market and their partnership with AARP.  Avoiding or cutting costs in areas like R&D,  customer service, support and advertising. 2014 will see more emphasis on reporting PR results. PR Actions.

What’s the ROI of Training Rides?

Waxing UnLyrical

ROI (a.k.a. They might also ask slightly less obvious questions like, “Have I met new suppliers who reduce my costs, via this Facebook community I am building?”. In both cases, if our “busy entrepreneur” could show a causal relationship between Facebook activity and driving sales, reducing costs, or both, she’d be on the way to figuring out the partial ROI of her Facebook  activities.

Enterprises Struggle To Measure Social Media ROI

Proactive Report

According to a Hypatia Research report, “Benchmarking Social Community Platform Investments & ROI,&# only 40% of companies measure social media performance on a quarterly or annual basis, while almost 13% or the organizations surveyed do not measure ROI from social media at all, and another 18% said they do so only on an ad hoc basis. And I would agree with that.

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3 Easy Ways to Enhance Your Carousel Ads

Ignite Social Media

Not only are they thumb-stopping, but here at Ignite Social Media we’ve seen them be extremely cost efficient when promoting. In fact, West Elm recently reported ROI that was 7 times higher than normal when they used UGC for their Facebook ads. Carousel ads are quickly becoming the post type of choice for brands trying to showcase their products or services. (If you’re not familiar with these, you can read all about them in this Facebook blog post.) UGC is something that should be utilized in your regular content mix. Why does this work? They stand out in the crowded newsfeed.

How to Use AIDA, ROI and KISS to Boost Your Sales

Kikolani

AIDA, ROI and KISS were first coined by advertisers and an engineer but have since been applied to the online marketing industry. Despite the debate, AIDA, ROI and KISS provide copywriters with valuable checklists, all of which ensure your copy is well written for maximum consumer engagement and ultimately, conversion. ROI is an acronym you may associate with Return on Investment.

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Business Blogging ROI in 3 Steps: Keep It Simple

Writtent Blog

Measuring the ROI of your business blogging can be difficult at times because of all the factors that come into play. This is what ROI stands for: Return on Investment… not Return on Influence or Return on Interaction or any other distraction. If you were to buy website visitors from some other place – they’d cost you money. ROI = (300 – 250)/250 = 20%. 2.     Measure Leads.

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Improving Marketing ROI – 3 Top Tips

Bill Hartzer

An online marketing strategy should never stop evolving and improving if it is to remain cost effective and successful. This is useful but to significantly improve ROI you would need to create a set of requirements to measure and analyse your results with by making use of advanced call tracking software as well as other detailed analytics software. Improving ROI is a linear process and cannot be achieved overnight. To get you started, here are 3 tips for you to consider when looking to improve your online marketing activity. Tip 1: forecast alternative solutions. Marketin

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Social media metrics: why, what and how to measure according to Jim Sterne

Social Email Marketing

Social media management Social media metrics and measurement Social media ROI blogging bookmarking consumer-generated content customer satisfaction David Berkowitz Delicious Digg Facebook Flickr Forums and message boards Jim Sterne key performance indicator KPI LinkedIn lower costs Marketers Studio marketing mix media sharing micro-blogging Ning raise revenue roi sentiment social media marketing Social Media Metrics social networks StumbleUpon YouTubeIn his book ‘Social Media Metrics’, Jim Sterne says: “The Internet has always been a social medium”.

A Complete Guide to Twitter’s Q2 2016 Earnings Call

SocialTimes Twitter

Second, while we have worked to drive higher return on investment for advertisers (by leveraging our current user base, ad formats and innovations in targeting, creative and measurement), we’re still priced at a premium CPE (cost per engagement) relative to others. Twitter reported its second-quarter-2016 financial results Tuesday, and Wall Street was far from overwhelmed. Product overview.