BA 4 Module 4
BA 4 Module 4
MODULE IV
Direct Value:
You can make money off your blog. People use AdSense or other services to display ads alongside
their blogs. Or they maintain a job board, place ads in their feeds, find consulting engagements,
or gain referrals to their business website.
All of these activities bring direct value to you in dollars. Calculate the money you earn from
these actions, which are a direct result of your blogging, and you compute a direct value for your
blog.
Nontraditional Value:
Today, marketing is about being where the customers and the conversation are. Marketing is now
about engaging with customers in ways that are beneficial to them, without asking for anything
in return.
By engaging in the conversation and by listening to customers, we deliver something of value.
This engagement creates customer as your brand ambassadors, who will eagerly spread the
word about a company and its products. That is non traditional value.
Unquantifiable Value:
Your blog content can help readers in multiple ways. They can get actionable value using your
content.
These reader comment or write to you with appreciation. This value cant be quantified but it is
adding personal value to you or your company.
Quantifying The Impact Of Twitter
• Twitter is a social media platform that allows users to share short messages called "tweets"
with their followers. With over 330 million active users, Twitter is a popular platform for
individuals and businesses alike.
• Twitter provides a way for businesses to engage with customers, increase brand awareness,
and drive website traffic.
• Twitter allows businesses to share content, such as blog posts, articles, and videos, and reach a
large audience quickly.
• Twitter's real-time nature also makes it an ideal platform for businesses to provide customer
support and address customer complaints.
• Twitter offers advertising options, allowing businesses to reach targeted audiences and
promote their products or services.
• Twitter can help businesses stay up-to-date on industry news and trends, as well as monitor
competitors.
• Twitter provides valuable insights through its analytics tool, giving businesses the ability to
track engagement, follower growth, and other key metrics.
The approach for measuring Twitter is not to focus on activity but rather to focus on desired
outcomes. The four main measures of success are as follows:
1 Growth in Number of Followers:
• Followers on Twitter are a metric similar to website visits, and you want a high number of
relevant followers.
• Avoid suboptimal ways to increase your follower count and focus on building a relevant
audience for customer engagement and conversation.
• Use tools like Twittercounter to track the growth of your followers and gain context by
comparing your performance with others in your industry.
• Over time, aim to grow the number of relevant followers, but there is no right number because
Twitter helps you be part of a wider conversation.
• Churn rate, which measures the number of followers lost in a given time period as a
percentage of total followers, can be a valuable metric to track.
2 Message Amplification:
• If you tweet something of value, others may retweet it, spreading your message much further
than you could on your own.
• Message amplification is a metric that gauges the perceived value of your tweets and helps
extend your brand.
• The number of retweets per thousand followers in a given time period is an interesting metric
to track message amplification and understand the effectiveness of your tweets.
• Use tools like Twittercounter and Retweetrank to measure your performance and compare it to
others on Twitter.
• Message amplification helps instill discipline in tweeting something of value, which can
ultimately lead to a stronger brand presence on Twitter.
3 Click-Through Rates and Conversions:
• Twitter is commonly used to share links to other websites or to your own website/blog.
• Measuring the activity around these links is valuable for understanding the interests of your
Twitter followers and measuring the impact of links that point back to your website.
• Use tools like Google Analytics to track the traffic from Twitter to your website, including the
number of visits, time spent on the site, and bounce rate.
• Use URL shorteners like bit.ly or goo.gl to track clicks on your links and understand how many
people are clicking on them.
• Engagement metrics like retweets, likes, and comments on your tweets with links can also be
tracked to measure interest and impact.
• Average Shared Links Click-Through Rate (CTR) measures the response rate to links shared on
Twitter, rather than just the number of links shared.
• This metric is important because it helps you understand the effectiveness of the links you
share and the level of interest among your Twitter followers.
• Use tools like bit.ly or goo.gl to track clicks on your shared links and calculate the CTR by
dividing the number of clicks by the number of impressions (or the number of followers who
saw the tweet).
• The average CTR for shared links on Twitter is around 1.6%, but this can vary depending on
factors like the type of content, timing, and audience.
• Conversion Rate (Outcomes) measures the success of your Twitter campaigns in driving traffic
to your website and achieving specific goals (such as sales, sign-ups, or downloads).
• To track conversions, you need to encode the links you share on Twitter with unique tracking
parameters, such as UTM codes, that allow you to identify the source of the traffic in your web
analytics tool.
• Use your web analytics tool to measure metrics like Visits, Bounce Rate, Time on Site, Goal
Conversions, and Average Value for your Twitter campaigns and compare them with other
traffic sources.
• This will help you identify the impact of Twitter on your business outcomes and optimize your
campaigns for better conversion rates.
4 Click-Through Rates and Conversions:
• Conversation rate is an important metric for measuring participation in social media.
• It measures whether you are having a conversation or just talking at people.
• TwitterFriends is a tool that can be used to measure conversation rate on Twitter.
• Replies Sent Per Day, 6.4, is the average number of replies you sent during the last 30 days.
That is higher than the benchmark (the Average column) of 2.4.
• Replies Received Per Day, 25, is the average number of replies you received during the last 30
days. The benchmark is 3.2. This analysis would suggest that you actively participate in the
Twitter universe and have a high Conversation Rate.
Emerging Twitter Metrics:
• Engagement: How diverse is the group that messages you? Are you broadcasting or
participating in a conversation?
• Reach: Are your tweets interesting and informative enough to build an audience? How far has
your content been spread across Twitter?
• Velocity: How likely are you to be retweeted? Do a lot of people retweet you, or is it always the
same few followers?
• Demand: How many people did you have to follow to build your count of followers? Are your
follows often reciprocated?
• Network: strength How influential are the people who @ message you? How influential are the
people that retweet you?
• Activity: Are you tweeting too little or too much for your audience? Are your tweets effective in
generating new followers, retweets, and @ replies?
T h a n k Yo u ! !
Important Questions
• Explain the challenges in measuring success in the new social media space.
• Discuss the options you would use for analysing mobile customer
experiences.
• What are blogs? Why are they important? How would you measure the
success of blogs?
• What is Twitter? Why is it relevant in business world? How would you
measure / quantify the success of Twitter?