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By: Christi Dixon | 10/15/2007
What's the point of social media? How can twitter make a difference for a business? Are blogs helping to drive sales? Social media is actually more measurable than you might think! Shel Holtz helped facilitate a recent "unconference" for Ragan Communications and served as the opening and closing keynoter of the subsequent conference. He, along with other speakers, repeatedly talked about the power of engagement. (You'll see similar themes from my colleagues who attended BlogOrlando--conversation is taking the place of dissemination.)
How valuable is engagement? (In the larger sense. . . with your employees, constituents, consumers, friends, industry peers) The measurement tools are evolving quickly to keep up with new metrics. What are the metrics? Site visits, time spent, content creation, collaborative filtering, commenting, tagging, rating, voting, bookmarking, testimonials, product reviews, product feedback, blog posts, message board posts, crowdsourcing (asking questions and seeing what content comes back), trackbacks, diggs, pings... PHEW! Honestly, I can't tell you how all of these work yet, but measurement gurus among us can lend a hand.
Another presenter, Todd Andrlick, spoke about how something static, like the corporate newsroom, can foster engagement and add some meaning to your organization's outgoing information.
With social media in the marketing mix, communicators are no longer paper-pushers or content-creators; we're in Shel Holtz's words, orchestrators. Let's grab a baton!
Posted in Social Media, Digital Communications
Tue, October 16, 2007 at 9:57:am
Good points. There are some fabulous “measurement tools” that are evolving; some are expensive, some are automated. I found this post (http://net-savvy.com/executive/social-media-analysis/sorting-out-social-media-measurement.html) to be really eye-opening; it discusses the very differences you mention. Katie Payne also has a well-rounded view of measurement and blogs regularly on the topic at http://kdpaine.blogs.com/. The PR industry will undoubtedly need to prove its value in the social media space; it will most likely come down to clients’ willingness to invest in measuring.
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Rob Amberg says:
Mon, October 15, 2007 at 6:30:pm
I think social media has a long way to go before anyone truly figures out how to tie tagging to sales, but I think it’s a great start. Like a lot of other PR ‘metrics’ it can be done, but requires some investment of time and resources. Advertising people will be the ones pointing to tagging and numbers of comments and claiming marketing victory. As communicators, we need to go beyond the simple ‘impressions of social media’ and deliver a measurement on impact.
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