{"id":1819,"date":"2013-08-14T20:50:48","date_gmt":"2013-08-15T01:50:48","guid":{"rendered":"http:\/\/blog.feedthebeast.biz\/?p=1819"},"modified":"2017-04-23T16:11:32","modified_gmt":"2017-04-23T21:11:32","slug":"social-media-roi","status":"publish","type":"post","link":"http:\/\/blog.feedthebeast.biz\/index.php\/social-media-roi\/","title":{"rendered":"Social Media ROI Primer"},"content":{"rendered":"<h5>The 80\/20 On Social Media Tools<\/h5>\n<p>When someone asks me about social media tool trends and the effect on social media ROI, I sometimes get a little nervous wondering if I was looking the other way while the <em>one app to rule them all <\/em>was finally released. Then it passes. This year many apps have appeared that promise to do incrementally more than the last batch. But I keep going back to the basics: \u201cwhat am I trying to do here?\u201d. \u00a0And there has yet to be one app to do it all.<\/p>\n<p>For me, what I\u2019m trying to do, is sell more. So I work backwards from there. What do I need to do that? And what I end up with are the same basic tools that continue to faithfully do the job, with the odd new addition made when something really interesting comes along that promises a little more insight. Because I\u2019m mostly concerned with startups, \u201cfree\u201d rules the day. Let\u2019s have a look:<\/p>\n<p><img loading=\"lazy\" class=\"alignleft wp-image-1821\" style=\"border: 0px;\" title=\"Social Media ROI\" src=\"http:\/\/blog.feedthebeast.biz\/wp-content\/uploads\/2013\/08\/social_media_workflow.jpg\" alt=\"Social Media ROI\" width=\"939\" height=\"380\" srcset=\"http:\/\/blog.feedthebeast.biz\/wp-content\/uploads\/2013\/08\/social_media_workflow.jpg 2608w, http:\/\/blog.feedthebeast.biz\/wp-content\/uploads\/2013\/08\/social_media_workflow-300x121.jpg 300w, http:\/\/blog.feedthebeast.biz\/wp-content\/uploads\/2013\/08\/social_media_workflow-1024x414.jpg 1024w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/p>\n<p>The most important tool, starting from the left in the diagram above, is a <strong>marketing assistant<\/strong> \u2013 someone who is paid to pay attention to the minutia that is social media. Managing social media well is a world of work, and if someone isn\u2019t dedicated to it, there\u2019s not a management tool on earth that will save your bacon. (If you&#8217;re saying, &#8220;I can&#8217;t afford an assistant&#8221;, have a look at the bottom of <a title=\"Marketing's Secret Sauce\" href=\"http:\/\/bit.ly\/13G1a47\" target=\"_blank\">this post<\/a>.)<\/p>\n<p>Next up is <strong><a title=\"Hootsuite\" href=\"https:\/\/hootsuite.com\/\" target=\"_blank\">Hootsuite<\/a><\/strong>. The free version can only handle up to five social networks (and doesn\u2019t track Bit.ly\u2026 grrrr), but if you\u2019re a startup managing more than five social networks, it\u2019s possible you\u2019re spreading yourself out a bit thinly. Hootsuite has achieved grand daddy status at this point, but still does a better job than most of letting you keep an eye on multiple networks, and then post, reply, and schedule your pearls of wisdom.<\/p>\n<p><strong><a title=\"Google Alerts\" href=\"http:\/\/www.google.ca\/alerts\" target=\"_blank\">Google Alerts<\/a><\/strong> and <strong><a title=\"TweetBeep\" href=\"http:\/\/tweetbeep.com\/\" target=\"_blank\">TweetBeep<\/a><\/strong> are kindred spirits \u2013 the first scouring the web for any mentions of your company or brand, the second doing the same, but focused only on Twitter. Between them, you are assured of being notified whenever something you\u2019re involved in is trending (however loosely you want to define that word). TweetBeep is the newest addition to our arsenal, and filled a very specific gap for us.<\/p>\n<p><strong><a title=\"Plugg.io\" href=\"http:\/\/plugg.io\/\" target=\"_blank\">Plugg.io<\/a><\/strong> is an underrated tool that does a great job of helping you find new followers using keywords based on your area of interest\/expertise. Plugg.io does a lot more than that too, but for our purposes, Hootsuite has Plugg.io\u2019s extra capabilities covered.<\/p>\n<p>We use <strong><a title=\"Manage Flitter\" href=\"http:\/\/manageflitter.com\/\" target=\"_blank\">ManageFlitter<\/a><\/strong> to find out who isn\u2019t following us, and to zap them into cyber-oblivion (unless we really, really still want to follow them). This way, we can manage our follower\/following ratio, ensuring we have the headroom to try and attract more entrepreneurs (our target) via Plugg.io. In fairness to Plugg.io, it does offer an &#8220;unfollow&#8221; recommendation tool, but it doesn&#8217;t seem as robust as ManageFlitter&#8217;s.<\/p>\n<p>We have very little time for <strong><a title=\"Klout\" href=\"http:\/\/klout.com\/\" target=\"_blank\">Klout<\/a><\/strong> and <strong><a title=\"Kred\" href=\"http:\/\/kred.com\/\" target=\"_blank\">Kred<\/a><\/strong> because, at the end of the day, sales are what count, not an interpreted social status. As a result, the main weapon in our social media arsenal is <strong><a title=\"Google Analytics\" href=\"http:\/\/www.google.com\/analytics\/\" target=\"_blank\">Google Analytics<\/a><\/strong>, which tells us which channel our website visitors are arriving from, with the ability to construct some pretty elaborate metrics against that.<\/p>\n<p>Then finally, the final mile. All our social media work is intended to find, qualify, and engage the best prospects for our business. Once we\u2019ve initiated that process, we make sure all roads lead back to our website where we have a very deliberate engagement path that moves prospects through to very specific <em>content offers<\/em> that require something of a value exchange: their contact information in exchange for our content. At this point, we convert unknown visitors into known prospects and begin a longer-term, nurtured relationship with them. For more on this topic, see <a title=\"The Secret to Attracting Prospects\" href=\"http:\/\/bit.ly\/WWadPG\" target=\"_blank\">this blog post<\/a>.<\/p>\n<p>We connect inbound social media channels to sales outcomes and, in this way, we&#8217;re able to assess social media ROI (because managing social media well is actually very expensive), and a much stronger sense of which channels are performing for us. This enables us to increase the resources dedicated to the more effective channels, thereby improving our overall performance over time.<\/p>\n<p>But still, I sit here hoping for the one mythical app that will do it all \u2013 automatically, if possible. Strangely, it never appears. Is it possible that social media isn\u2019t a shortcut to riches, after all? Hard work, it seems, is still rewarded. Curious.<\/p>\n<p>+++++++++++<\/p>\n<p><em><strong>Quick update:<\/strong> I just came across <a title=\"Twitonomy\" href=\"http:\/\/www.twitonomy.com\/\" target=\"_blank\">Twitonomy<\/a>. Twitonomy promises incredible, consolidated reporting, most of it for free. Requires more exploration, but may make the &#8220;new additions&#8221; list.<\/em><\/p>\n<p>&nbsp;<\/p>\n<div class='watch-action'><div class='watch-position align-left'><div class='action-like'><a class='lbg-style1 like-1819 jlk' href='javascript:void(0)' data-task='like' data-post_id='1819' data-nonce='20b3aca7e8' rel='nofollow'><img class='wti-pixel' src='http:\/\/blog.feedthebeast.biz\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Like' \/><span class='lc-1819 lc'>+1<\/span><\/a><\/div><div class='action-unlike'><a class='unlbg-style1 unlike-1819 jlk' href='javascript:void(0)' data-task='unlike' data-post_id='1819' data-nonce='20b3aca7e8' rel='nofollow'><img class='wti-pixel' src='http:\/\/blog.feedthebeast.biz\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Unlike' \/><span class='unlc-1819 unlc'>0<\/span><\/a><\/div> <\/div> <div class='status-1819 status align-left'><\/div><\/div><div class='wti-clear'><\/div>","protected":false},"excerpt":{"rendered":"<p>The 80\/20 On Social Media Tools<br \/>\nWhen someone asks me about social media tool trends and the effect on social media ROI, I sometimes get a little nervous wondering if I was looking the other way &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/posts\/1819"}],"collection":[{"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1819"}],"version-history":[{"count":29,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/posts\/1819\/revisions"}],"predecessor-version":[{"id":1849,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/posts\/1819\/revisions\/1849"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/media\/1293"}],"wp:attachment":[{"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1819"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.feedthebeast.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}