The Social Media Analytics Funnel/How I Met My Customer

Post on 12-May-2015

1,063 views 1 download

Tags:

description

Explores the concepts to the analytic behind developing a conversion funnel for social media marketing. Two different types of conversion funnels are explored as well as specific stages in the conversion process that must be captured to ensure that Social Marketing effort can properly calcluate, measure and assign ROI value. By exploring the customer experience, and recording specific stages of the social engagement only then can ROI be calculated and measured.

transcript

@aknecht

The Social Media Funnel

orHow I Met My Customer

Presented by: Alan K’necht

@aknecht

Social Marketing = A Fire

@aknecht

HOW DID YOU GET THEM TO THE FIRE?

@aknecht

The Two Funnels

@aknecht

Funnel 1: The Quick Score

@aknecht

Quick Score No Longer Term

Happiness

@aknecht

One Night Stand Analytics

• Simple tagging of social links• Last click attribution• No long term customer value• Instant gratification• Easy to calculate ROI• No second date

@aknecht

Love At First Site

• Went for quick score– Got 2nd, 3rd date– Can become a long term relationship

• Need to tag and enter into CRM– Start evaluating lifetime customer

value

@aknecht

Funnel 2: The Long Term

Relationship

@aknecht

The Cocktail Party

@aknecht

The Building of Trust

@aknecht

The First Date

@aknecht

Taking It to The Next Level

@aknecht

The Loyal Customer

@aknecht

Funnel Attribution

• Each step in the funnel– Has value– Must be given credit towards overall

success– No simple way to track

• Large volume of people across all touch points

– Get a good CRM system

@aknecht

Reality Check

• Sometimes– Funnel 2 can go from– Cocktail Party to Long Term

Relationship in 1 or 2 steps

• Be prepared to measure it

@aknecht

Thank You

Alan K’nechtalan@DigitalAlwaysMedia.com

@aknecht

Just type my name into Google