measuring the impact of social media
DESCRIPTION
Recording: http://www.youtube.com/watch?v=CD5w6irusoI Description: How do you know if the efforts your charity is putting into social media are worth it? Are you even measuring the right things? Join this webinar to learn about the ROI you should expect from investing resources into this means of outreach, marketing and fundraising, and how you can present your successes to senior staff and your Board with more confidence.TRANSCRIPT
June 16, 2010
Measuring the Impact of Social Media
CanadaHelps.orgWhat is CanadaHelps?
A public charitable foundation that provides accessible and affordable online technology to both donors and charities.
For Charities
A cost-effective means of raising funds online.
For Donors
A one-stop-shop for giving.
CanadaHelps is a charity helping charities.
Today’s Presenter
Kirstin Beardsley
Communications and Marketing Coordinator
CanadaHelps
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Webinar recording and slideswill be available on
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THE VALUE IN MEASURING
“Measure what is measurable, and make measurable what is not so.”
Galileo Galilei
Why measure?
• Track progress objectively
• Creates objectives
*Photo courtesy of wikipedia
BEFORE YOU MEASURE
How does your organization define success?
What are you trying to achieve?
GOAL
• ABC charity will become an expert and trusted resource in our local community about adult literacy.
TOOL
• Blog
AUDIENCE
• Local literacy service providing organizations, local media outlets
Objectives
• Increase blog subscribers by 50% over the next 12 months
• 40% of blog posts contain active discussion in the comments about the issues raised
S-M-A-R-T Method
Specific
Measurable
Actionable
Realistic
Timed
*Term first used by George T. Doran
What is [traditional] ROI?
ROI =Benefit – Cost
Cost
What is [social media] ROI?
Exposure Engagement Influence Action
*Adapted from Don Bartholomew
Exposure
• Number of visits
• Number of unique visitors
• Search engine rank
• Message inclusion
• # of followers/likes
• Article/post readership
Engagement• Click-thrus and view-thrus
• Repeat visitors
• Duration of stay
• Subscribe to feeds (RSS)
• Comments/posts ratio
Influence
• Change in awareness
• Change in attitudes
• Association with your brand
Action
• Donation
• Tell a friend
• Sign a petition
• Visit the organization
• Attend a fundraising event
• Volunteer
What’s Your Strategy?
• Tied to social media plan
• Establish a timeline
• Tactics to accomplish objective
• If-Then plans
• Create an simple way to track progress
What Are Your Tools?
• Google Analytics
• Google Alerts
• TwitterSearch
• Facebook Insights
• Hootsuite
*Photo courtesy of geishaboy500
Spreadsheets!
• Track your measures in a simple spreadsheet
• Graph changes over time
GETTING STARTED
“Any measurement must take into account the position of the observer. There is no such thing as measurement absolute, there is only measurement relative.”
Jeanette Winterson
• Chose a few things to measure
• Track progress
• Record data based on monthly or bi-weekly timeframe
Baseline measurements
• number of followers/subscribers
• action/donation/sharing/clicks
• resources expended (people, time, money)
*Photo courtesy of conray
WHAT TO MEASURE
Actionable Data
• Focus on actionable data:
– Measurement should inform specific decisions and/or actions.
– Do not measure everything, but do measure what is most important to your goals.
– The data you gather should help you learn
- From the Bill & Melinda Gates Foundation
Website Data
• Number of unique visitors
• Page views
• Length of time on site
• $$$ raised
Website Data
• Search rank
• Registrations
• Referrals
• Donation average
Social Media
• Subscribers/ Unsubscribes
• Followers
• Comments
• Favourites
• Video/photo views
• Retweets
• Likes
Social Media
• Page/post views
• # of posts
• Most popular posts
• Conversations
• Feedback
• Repeat supporters
Added Value Measures
• New ideas
• New partnerships
• Reduced training / professional development costs
• Reduction in communication costs
• Reduction in phone calls, emails about a particular issue
EXAMPLE
XYZ Charity & P2P Fundraising Campaign
GOAL:
• Promote a new peer-to-peer fundraising campaign to raise awareness of our organization and raise funds through social media
AUDIENCE:
• Young professionals in Windsor
XYZ Charity & P2P Fundraising Campaign
TOOLS:
• Facebook Page & Twitter
OBJECTIVES:
• Recruit 20 fundraisers to set up GivingPages
• Raise $1500 by September 31st through our campaign
• Raise awareness – increase likes by 150 & Twitter followers by 150 by September 31st
Measures
Exposure:
• Traffic to page
• # of “Likes”
Engagement:
• Links to campaign landing page
• # of posts to page
• Conversations
Measures
Influence:
• # of posts on other pages/sites about campaign
Action:
• # of GivingPages set up
• # of new donors
• $ raised
TIPS
Don’t analyze too much/too soon
• Analyze a manageable amount of data after a reasonable amount of time
Make measurement part of your social media plan
• Makes it easier to track progress
Don’t just watch, observe and record
• Accurate and thorough records creates a more complete picture of your efforts
Have a time-frame for your objective
• Easier to assess the success of your objective
• Don’t make it too short
*Photo courtesy of alexkerhead
Measure a relevant amount of time
• Ensures that you’ve gotten a representative sample that can be used to spot trends
Experiment!
• Now that you’re measuring, test out different styles of post, frequency or messaging
*Photo courtesy of we are dc
Tie it to long term goals
• Increases the likelihood of success of your shorter-term social media objectives
*Photo courtesy of rtadlock
ABOUT MYCHARITYCONNECTS
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Next Webinar
“Peer to Peer Fundraising with
CanadaHelps GivingPages”
June 23, 20102PM – 3PM
(Eastern Time)
www.mycharityconnects.org
Question and Answer
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Thank you for attending!
Webinar slides and recording will be up on:
www.mycharityconnects.org/pastwebinars
Check out www.mycharityconnects.org for more resources!
Questions, feedback, comments?
Email us at: [email protected]
• socialmediatoday.com – Brian Solis
• altitudebranding.com – Amber Naslund
• asimplerway.com – Evo Terra
• metricsman.wordpress.com - Don Bartholomew
• bethkanter.org – Beth Kanter