15 Key Social Media Analytics Terms

1. Social Reach

The total number of users associated with a brand on different social media platforms.

(For example, a company with 10,000 Twitter followers, 7,000 Facebook fans, 3,000 blog subscribers and 1,000 YouTube subscribers has a total Social Reach of 21,000)

2. Social Reach Velocity

A percentage representing a brand’s capacity to increase its social reach over time.

(For example, if a company’s social reach was 10,000 in January of 2011 and became 15,000 six months later, then it has 50% social reach velocity.)

3. Social Profile

The aggregated shares, comments, and overall brand-related activities of a social media user.

(Social profile examples include: Twitter followers, Facebook fans, RSS subscribers and so forth )

4. Social Conversion

The percentage of visitors originating from social media who take a desired action.

(Examples of desired actions include product sales, downloads, newsletter subscriptions, membership registrations and so forth.)

5. Social Mention

The overall mentions of your brand on social media in a positive/neutral/negative context over a specific period of time.

(SocialMention.com is an excellent tool that offers four important social mention metrics: strength, sentiment, passion and reach)

6. Brand Sentiment

The ratio of positive brand mentions to negative mentions.

7. Share of Voice

Brand share of voice = (total number of mentions of you + your competitors)/ your mentions.

8. Share of Social Conversations

Brand Share of Social Conversations= Social Brand Mentions/All Relevant Conversations

9. Social Media Impressions

The number of users’ reactions to your own content on social media, including retweeting, commenting, sharing and so forth.

10. Optimal Engagement Times

The best times to share content or engage with your network on social media.

(Studies have shown that many social media sites (such as Twitter and Facebook) have peak hours: the times when it’s most effective to share updates or interact with user )

11. Content-to-Contact Ratio

The ratio between a brand content and social network expansion.

(For example, if your content-to-contact ratio is 3:1, it means that for every 3 pieces of content you publish, a new user is added to your social network.)

12. Content-to-Share Ratio

The ratio between your brand content and social network sharing.

(For example, if your content-to-share ratio is 3:1, it means that for every 3 pieces of content you publish, one piece of content is shared on social media channels.)

13. Activity Ratio

The ratio of active members of your brand’s social network versus total members.

14. Bounce Rate

The time it takes site/blog visitors originating from social media to lose interest and leave your site.

15. Targeted Social Traffic

The percentage of social media traffic to your site/blog that results in sales compared to the overall social media traffic.

PHANTOM POWER
Marketing by Design
www.phantompower.co

NOTE: This glossary is not presented in alphabetical order because some terms are related to each other. So, I figured it’s best to order them in a way that will help you understand all of them without having to skim back and forth.

Achieving The Coveted:Viral Marketing

Viral campaigns yield the highest ROI... Information about your product spreads naturally, like a contagious disease... only a good one...

I once read up on the 5 C’s of viral marketing:Community, Compelling, Comedy, Charity, and Contest

Let's talk Community...

We all know that viral marketing in the social media space is all about communities. In fact, I would argue that communities play a larger role than most people think, both online and offline. They can build a brand, kill a brand, make a career, break a career, influence elections, etc. Think about it; from an offline perspective, life is community driven through PTA organizations, church groups, sports leagues, stay-at-home mommy groups, and various school organizations (sororities, fraternities) to name a few. And of course online, you have Myspace, Facebook, Linkedin, Digg, Stumbledupon and hundreds of other social media sites jumping in the scene daily.

Within each of these online/offline communities consumers are talking and having conversations with each other. And, they are sharing opinions, experiences, advice, recommendations and commentary about products, services and companies usually based on real personal experience.

THIS IS VIRAL MARKETING.

The challenge with viral marketing is that it’s not always viral, if that makes any sense... Often, marketers plan for and label their marketing plans as “viral” but 9 times out of 10, it never catches on. It’s the things that just happen by accident that become viral. Remember the Diet Coke and Mentos video? At first, Coca-Cola distanced themselves from the exploding Diet Coke and Mentos viral video phenomenon, fearing it would damage their reputation and brand; however, just recently that have fully embraced the concept and now there are over 7,000 consumer generated videos on YouTube, millions of pageviews, hundreds of comments, and favored by thousands of fans. The community here is not only the millions of YouTube enthusiasts, but also the micro-communities of people and their offline conversations about these videos.

So, while I do believe it is impossible to craft a viral campaign, you can certainly try to influence one:

• Formulate your marketing message.  Think about the product or service you are advertising and create a message that communicates the benefits and uses of what you are selling.  A website is nonnegotiable.  
• Make the content on your website sharable. For example, you can allow readers to embed a funny video from your website onto their own blogs. An "email this article to your friend" link is another way information spreads from one person to another.
• Use email as a viral marketing tool. Include a marketing message about your product or service in the tag lines of your emails and also include your advertising message in auto responder emails you send to those who email you.
• Post your content on other Internet sites such as message boards and blogs. However, do this carefully; many forum managers are now aware of this practice and may delete your messages if they think it's spam.
• Incorporate your marketing message into rich media. Video clips and Flash games are very popular on the Internet, so if you have a great idea for this medium your message will spread like wildfire.
• Spread your message off line as well. Tell your friends and colleagues about your product or service and hand them business cards with the URL on them along with a catchy tag line, perhaps the same one you use in your emails.

What are you doing to boost your buzz factor?

PHANTOM POWER
Marketing by Design
www.phantompower.co  

The Most Effective Viral Marketing Methods

I struggled with the title of this blog post.  I wanted something kitchy, something to subconsciously imply this is indeterminable... because anybody who tries to sell you a viral marketing campaign should set up shop with an SEO expert who tries to sell you the #1 SER.  It is just not possible to guarantee.  Doesn't mean you can't try...

By far I find narrowcasting activities have proven the most effective for me in terms of generating a viral campaign.  Below are 3 such activities I've implemented over the past year that generated lots of sharing.

Writing 'Special Reports'

• Special Reports work great because they allow you to go into more depth about the Topic or Problem in question where you'll then be able to lead them to how your Product or Service (or Affiliate product) can fix there current problem.
• They give you Instant Credibility, which builds trust in your customer that you are knowlegdable in your industry.
• Website owners are always looking for quality "Free Stuff" to give away or offer to there Visitors and/or Subscribers.
• And your Contact Information will always be inside, no matter what. Meaning, as your report is being passed around the Internet you'll always be able to lead your potential customer back to your website where they could sign-up for your newsletter and/or read up more about your Products or Services you offer.

Putting Together A 'Free eBook'

• Free eBooks work great as well and have the same benefits as I outlined through the special report. The only difference using this approach is, you can put together a free ebook in less time then it would take to produce your special report simply because it doesn't even have to be your own material inside, it can be someone else's.
• And they also allow you to target more then one Product or Service inside because free ebooks are usually a compilation of related articles targetting a particular problem leaving you room to diversify.

Writing 'Articles'

• Writing Articles is probably ONE of the Best and Most Effective Ways to produce a wave of Viral Traffic to your website because every website owner needs FRESH content to feed to there visitors and/or subscribers.
• They also allow you to Target your audience's problem specifically that they're dealing with.
• And at the end of the article you have a spot called the 'Resource Box' to insert your personal Bio and/or Website information. Just imagine if your article were to be picked up by some Newsletter Editor with a large list or High Traffic website and they use it as a 'Featured Article' in there publication, you could see an INSTANT surge of targeted traffic to your website overnight. That's where your 'Resource Box' comes in.

Package a 'Kit' on a Landing Page

• Just using the word 'Kit' sends a message that your prospect is getting something of value. 
• If you package your content of value into a downloadable package that you can store on a Landing Page, you've just exchanged a potentially viral offerings in exchange for lead data.

Perhaps you've noticed what these 3 'viral' methods all have in common...

They're in HIGH demand by website owners.

They're HIGHLY Targeted.

They give You INSTANT Credibility in your industry.

They are all INBOUND MARKETING tactics.

They have YOUR Contact Details leading to Your website.

...they're all FREE!

PHANTOM POWER
Marketing by Design
http://www.phantompower.co/