Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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How to Fix 6 Failing Marketing Metrics Your CEO Actually Cares About

How to Fix 6 Failing Marketing Metrics Your CEO Actually Cares About | Public Relations & Social Marketing Insight | Scoop.it

Suffering from underperforming marketing KPIs? Read this post and learn how to fix those guys! After that, you’ve got to grab your marketing by the bootstraps and make the necessary adjustments in order to provide your CEO with the ROI they’re looking for.

 

Below I’ve detailed six metrics highlighted by CMO Mike Volpe on this very blog, how to identify when they’re underperforming, and how to make the necessary adjustments to save your bacon. Here’s how. How to Fix 6 Critical Marketing KPIs When They're Underperforming....

Jeff Domansky's insight:

Talking to your CEO about your social marketing results? Here's what matters to the executive suite and how to respond when your KPIs need fixing.

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Don't Only Measure Your Brand Success With Direct ROI Indicators | Social Media Today

Don't Only Measure Your Brand Success With Direct ROI Indicators | Social Media Today | Public Relations & Social Marketing Insight | Scoop.it

We've all read that social-media ROI is weaker than other traditional marketing channels. Recently, social media came under fire again in an articles in which Unilever aired their concerns in Marketing Magazine.

 

Unilever marketing teams are questioning the logic of shifting big budgets to social media, when the equivalent spent on in-store promotions can deliver an ROI up to 50% higher. This statement suggests a lot about the mindset of some marketers who work for big companies.

 

Social media has been developing for about a decade, but these marketers still miss the point. Consumers are no longer passive targets that you can simply feed with coupons and vouchers. People want their purchases to be inspired by stories that matter. And they're even ready to trust brands to tell their stories, if brands are sincere. They want to know how a brand is trying to change the world. Naive? Maybe. But, maybe not....

Jeff Domansky's insight:

Good insight into social media ROI...

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Google and the Zero Moment of Truth

Google and the Zero Moment of Truth | Public Relations & Social Marketing Insight | Scoop.it

After watching this video about how technology can and does bring people closer together, John Nicoletti, Director of Agency Development came on to talk about the Zero Moment of Truth and how it’s changing the way consumers make purchasing decisions and how it’s forcing companies to rethink their marketing strategies.

 

The Zero Moment of Truth is the result of much data analysis and research. It started when Google asked “How have the recession and technology evolved brand building?” Google started with Proctor & Gamble’s “first moment of truth” – the moment when a consumer encounters a product. From their research, Google discovered what they call the “Zero Moment of Truth.”

 

This is when consumers do online research after receiving a stimulus (in the form of commercial, print ad, or seeing the product in stores). Instead of taking 4-7 seconds to decide to buy, they instead take that time to take out their phone or tablet and research the product. They look for product reviews and user recommendations. They look at the website to get as much information as possible to help them in making a decision....

Jeff Domansky's insight:

Provocative reading and valuable insight for marketing, PR and content pros...

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Content Marketing Strategy: Leverage Paid, Owned, Earned Media | Rob Yoegel

Content Marketing Strategy: Leverage Paid, Owned, Earned Media | Rob Yoegel | Public Relations & Social Marketing Insight | Scoop.it
Content marketing that combines paid, earned, and owned media is a simple strategy that leads to publisher partnerships that can drive success for both parties.

 

When I discuss our content marketing plans — and our budget — I make a point of letting all publishers know that my goal is to become a partner with them. And if you talk to anyone I’ve purchased advertising from, many of them have not only become good friends, but we’ve also helped each of our businesses grow in the process.

 

The ad placements are just one part of a three-legged media stool that combines paid, earned, and owned media. This convergence helped create a simple content marketing strategy that led us to start thinking about publishers in a whole new way while putting an end to interruptive advertising....

Jeff Domansky's insight:

A really valuable look at integrated marketing strategies from Rob Yoegel. Are you using all three -- paid, owned and earned?

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Social Media Can Help With Branding, Not Engagement! | Business 2 Community

Social Media Can Help With Branding, Not Engagement! | Business 2 Community | Public Relations & Social Marketing Insight | Scoop.it

Many marketers today are looking to increase their Facebook fans, LinkedIn memberships and/or Twitter followers. Social media marketing is a new buzz-word in both b2b and b2c domains.

 

But, when it comes to engagement, how easy is it to measure the engagement-level of your Facebook fans or LinkedIn Group Members? How easy is it to interact with them and nurture them? How easy is it to get usage and engagement metrics out of Facebook, LinkedIn et al? Is it even possible? Can you act on the metrics?

 

External social sites are good for brand-building (or reach) but not for interaction or engagement. A recent Gartner report cited that a mere six percent of marketers claim that marketing on social networking sites is their top priority. What is even more powerful is that 45 percent of those surveyed said corporate websites were key contributors to marketing success. And from the customer perspective, four out of five customers claim to visit a website for product information and only a mere 19 percent would visit a Facebook page, according to Incyte Group....

Jeff Domansky's insight:

Without engagement, social media is just another form of "old" style push marketing. Today's consumers don't respond to the style anymore. And they're definitely open to new sources of content, information, and most important interaction while they research and buy.

Jeff Domansky's comment, April 17, 2013 1:56 PM
Miz, I agree, without engagement and real interaction with customers, social media is just another form of "old" marketing.
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Dear Marketing World: ROI is NOT A Unicorn

Dear Marketing World: ROI is NOT A Unicorn | Public Relations & Social Marketing Insight | Scoop.it

The problem with social media ROI...

 

While Social Media treats ROI as a mostly mythical creature that people like to read about in hypothetical scenarios, real-life companies are struggling to actually track the ROI of their social media marketing efforts. Consider these statistics that NectarOm (Nectar Online Media) published in a recent study in collaboration with the Socia Media Clubs:

 

Out of 400 people surveyed, 73% do not even track the ROI of their social media efforts.

 

Of the people who do attempt to track the ROI of their social media marketing efforts, 46% said it was not a major driver of revenue.

 

Let’s think about this in the context of the InfiniGraph e-book. They suggest that a single campaign may involve a company spending $5,000 in Facebook ads. Based on the NectarOM study, most companies would not even make an effort to track the return on that $5,000. The companies that would track the investment would, for the most part, find that their ROI was poor return....

Jeff Domansky's insight:

Margie Clayman says marketing must measure and track the right things...

Wilf ILIFFE's curator insight, March 21, 2014 7:30 PM

Reflecting on the presentations and conversations I had at Eye for Pharma this year, I can see that the pharma industry is not alone in relying on vanity metrics to measure their on-line impact.

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Social Media... How Do You Measure Success? | MyBeak Social Media

Social Media... How Do You Measure Success? | MyBeak Social Media | Public Relations & Social Marketing Insight | Scoop.it
“Success” in a social campaign, and an annualized social media calendar, should be determined by the goals for the campaign and an overall long-term strategy… we like to use the term “Conditions of Satisfaction.” Far too often, companies start a campaign simply with the goal of having a “social” campaign, because that’s something they feel like they need to do or have been pitched by an agency. Most Social Marketing “experts” flock to those kinds of clients, and then pick some random metric as success.—In our world of coordinated creation of social media stories at Collective Bias, there’s typically two kinds of success, or ROI, on social campaigns – Cost Mitigation, and Sales Increase. And we believe there is a Return on Relationship (ROR) fostered by all brand relevant content and communication… simply put the value that is accrued by a person or brand due to nurturing a relationship. ROI is simple $’s and cents, ROR is the value (both perceived and real) that will accrue over time through loyalty, recommendations and sharing....
Jeff Domansky's insight:

Some thoughts on social media and social marketing measurement and ROI...

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