Social media marketing is nowadays conspicuous by its near-omnipresence. Everybody seems to be doing it, but does that mean they’ll all reap equal benefit of the same? Perhaps, if the mix is right: it is balanced on effective budget allocation and optimal marketing mix decision making. Social media marketing practitioners have a responsibility to drive the top and bottom lines; ultimately, their endeavors have to result in some tangible, or in some cases even intangible (such as reputation or goodwill enhancement) benefit.
Nascent as the field of social media marketing is, it doesn’t lend itself particularly well to measurement; the disembodied communication, for all its interactive goodness, ensures that. Ultimately, the success of a social media marketing effort depends on how well you can measure your impact and make amends for the future. So naturally, the call of the hour is in-depth, and accurate web analytic data with which marketers can measure campaign performance and understand the complex social network behaviors of prospects and customers.
Principle #1 – Move to a “viewable impressions” standard and count real exposures online.
Today we count “served impressions” as recorded by ad servers. Often, ad units are not in a viewable space to the end-user or fail to fully load on the screen – potentially resulting in substantial over-counting of impressions. Viewable exposures are increasingly the norm across other media and better address brand marketers’ needs.
Principle #2 – Social Media Marketing must measure success by audience impressions, not gross ad impressions.
Brand marketers target specific audiences. Social media marketing professionals need to understand the quality and number of exposures against their targets – and the respective reach and frequency of such exposures. The existing digital currency makes this extremely difficult. Moreover, the practice of selling ad impressions makes cross-media comparisons extremely difficult, if not impossible.
Principle #3 – Because all ad units are not created equal, we must create a transparent classification system.
Unlike traditional media, which have a limited number of inventory types (e.g., 30-sec spot, full-page back cover), social media marketing has a myriad of units. Making Measurement Make Sense advocates a transparent classification system, adhered to by all publishers. Such a system will enable marketers to identify and spotlight the best offerings for brand building, and for other marketing objectives.
Principle #4 – Determine interactivity “metrics that matter” for brand marketers, to evaluate the contribution of social media marketing to brand building.
Currently, the industry is awash in digital interaction metrics. However, these metrics are not necessarily relevant for brand marketers. Aside from ‘likes’, there are few standards for enabling reliable comparison. The industry must identify and define the specific metrics most valuable to brand marketers and define and implement reliable standards for existing social media marketing metrics.
Principle #5 – Social Media Marketing measurement must become increasingly comparable and integrated with other media.
Measurement solutions must facilitate cross media platform planning, buying and evaluating of marketing and media. This is a substantial issue that hampers analysis and decision making throughout the social media marketing ecosystem.


November 7th, 2011
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