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PS Add jelly to that shopping list before the family comes home!
Yes, yes, I know the point you were trying to make and as always, you provided a great thought-provoking post. Measurement is definitely a key to success.
I think sometimes we pay too much time on the wrong measurements and use those to judge success or failure. Of course, I always want to see my subscriber counts and views to increase. But, does it really matter how many subscribers I have? What if I only have 5 subscribers but all 5 of them are from key organizations in my field(s) that I was trying to attract to my blog? What if they are writers for a major newspaper, tv show or a major publisher and that translates in something positive for me? In that case I would argue that subscriber and view counts don't matter as much.
Additionally, it's not as simple as a numbers game to me but measurement is important...just in other ways. Some of my measurements include the number of real friendships I have and continue to develop; the impact and/or change I can have my online communities; the transfer and increase of knowledge that occurs daily for me and direct or indirect business opportunities.
It is important to measure your involvement in social media, blogging, podcasts, etc. but we always need to be as diversified as possible in our types of measurements.
Pam
you said you're in such violent agreement with kd paine regarding measurement but kd paine according to her blog is in "violent agreement" with Jason Falls regarding a post called "what is the roi in social media" in which jason makes it clear that you cannot measure social media in THAT way,
just trying to give you a hard time chris :)
http://www.socialmediaexplorer.com/2008/10/28/w...
i dont think we are going to be track the business return of social media 100%, we can track metrics like comments, page views etc, but you cannot quantify conversations, what if you only get ONE comment, but that one comment ends up changing the way your business functions, or the way you're product is built. if you use the amount of comments to judge success you make be cutting yourself short.
just my 2 cents
You hit the spot with this post. I think that the measurements you need, depend on what your goals are and what is your strategy for the long term. I think it's like a new website : first you build general content and in time you start creating more focused articles and you start addressing more specific keyword phrases. And you do this by watching the bounce rates and the number of visitors coming from the searches done for specific keywords and other factors.
It's all about what you want to achieve and what steps you think you need to take in order to get there.
Thank you
PS : good twitts also :)
We are currently trying to develop an ROI model for social media and digital pr that attributes values to certain actions but as these values are arbitrary, the ROI result is more about how much value has been created rather than return on investment.
But I totally agree with Toma in the previous post its really about what you want to achieve from what you are doing.
How do you measure SM ROI for business:
"Late In'08 Edition" Blog post hatching.
Peanut butter goes best on a fresh Macoun apple
from New England every October
Social Media and....
...product awareness
...branding
...engagement
...context sensitive conversations
...humanizing a company
I guess that the second part of the duo is wrapped up into the ROI as a package deal - measurement depending on varying definitions.
Billboard and magazine advertising is not measurable, yet still widely used - social media doesn't need to be any different.
So, what's the justification to use social media tools as part of the marketing equation? Simple, it's where the people are - just like billboards on the highway, or people sitting around in waiting rooms reading magazines.
CPC, and PPC will (hopefully) fall to the wayside as new ROI measurement metrics are brought online.
btw, Peanut butter and....crackers.
The current data and methods are bad, and misleading. We all seek something more reliable, which will inevitably emerge.
For the moment, we can each only trust our own indicators, not the ones others say are important.
john
The one thing I have learned recently is I am not offering enough conversion opportunities - things for people to do when they get to my site
This is a circle, the more effective your social media becomes at driving traffic to your website, the more effective your website has to become to make the visit worthwhile.
I tend to lean in the direction of paying attention to metrics that relate to your own objectives. The key in that is admitting that you have objectives on social media and then figuring out what they actually are.
Social media is tool that makes interactions much more effective in terms of speeding up the normal 'social' process, but at the end of the day, how does the number of clicks or SE visibility or press clippings relate to your over all goal? We can track just about everything, but does everything matter?
I see so many people in my own networks get wrapped up (or dare I say addicted) to the technology and the interactions on social media, that they often forget about their 'jelly' all together.
Why are you participating in the first place? Who are your trying to meet? If you're just interested in meeting as many random people as possible, why? How will that benefit you?
Sure, people like to meet people and make new friends, but what's your professional agenda in those relationships? (And I think it's OK to have one, as long as your legit and passionate about your interests, and it comes secondary to your contribution to the community...) And when do those relationships transition offline and become real hand shakes or collaboration? (Social media will never replace eye contact and handshakes - it was never intended too)
I love this post Chris, because you hit the bulls eye - the luster of the technology is starting to wear off, and now it's time for people to dig deeper into how all this cool media and access to all these new relationships will enhance their personal AND professional lives...
(But I still like to eat peanut butter straight out of the jar... :)
Craig
www.budgetpulse.com
I did always only like peanut butter sandwiches as a kid though...
I'm loving the comments on this post because not only is there an engaging dialogue regarding the meat and potatos of the post, (Why not continue the food metaphor?) but the peanut butter lovers have converged, and "I'm not eating your damn jelly!"
I met someone at Blogworld '08 and had long conversation nwith them, because I overheard her discussing her peanut butter love, and taking tablespoon to the peanut butter jar sometimes constitutes breakfast. I knew I had met a kindred spirit.
The underground peanut butter community has spoken loudly and carried a big spoon in through your comment section. Clearly we need our own social network. What's this say about the jelly folks? Where are they?
Great meal here! I love (as it appears does everyone else) the PB&J metaphor.
Now I shall go ruminate on my metaphors.. I mean measurements..
Energetically,
Amy
@allaboutenergy
http://allabout-energy.com
There are no magic bullets in business we all know that (Don't we?).
Take the time to read his article and make certain you pay attention to the traffic coming in as well as the content that is going out.
I posted this message and linked to Chris' post on www.quired.com/blog.
Chris certainly seems to have the pulse on Social Media.
Great post and interesting timing. I was just discussing this yesterday with a friend; she's into SEO, Digg, Stumbleupon and I've been using (primarily) social media to build relationships and all but ignoring SEO.
Thanks for the kick in the butt and great advice-I'm now on the sites mentioned above and plan on learning more.
It's great to point out and remind people that there's no one right way and to touch the most people you need to use multiple (and measurable) avenues. Even if it takes extra time...
He argued that sometimes measurement isn't necessarily as important as some people think. He said that sometimes it's cheaper, for example, to just try many different approaches as opposed to trying one or two and measuring the crap out of them. (at least I think that was his point)
I'm torn between the two. I do think that there is no substitute for metrics, but it is also good to have as much out there in as many different arenas as possible.
@Craig - I didn't say measure=quantity. There are great qualitative and sentiment tools. Those are a great measure. Christopher S. Penn measures on dollars, and that's a nice measure. Easy, at least. I don't think the masses are my target. Nope. I just want the right 1000. (Was that Kevin Kelly's line?)
@Laura- I don't entirely agree. I think a site is part of it, but I have a post about outposts in your media strategy that conflicts with that thinking a bit. In my mind, media has atomized, and it's all over the place. Yes, there should be a home base, but the outposts are now just as important because that's where the fish are. (such as it were).
And for all of you "stuck" on the food analogy: I can eat peanut butter plain, and have many times, so there. Have you tried bananas?
Well, you can always throw peanutbutter and jelly around the office and see where it sticks, I guess. Good luck with that method. :)
Susan
It goes to show you that there's never one way to do things and people will always push the envelope and break out of the box!
What I'm taking away from this post is that we need to measure what we are doing to know if we are being successful, but those measurement are not the same for all of us or for all businesses.
Question that i have ...
Does anyone out there measure your impact in social media in terms of developing thought leadership & professional development for employees/staff?
I'd LOVE to hear from Chris and/or some of the community here?!
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http://twitter.com/franswaa