Posts Tagged: data


12
Mar 10

Your turn: Do you trust automated social data?

Traditional marketing doesn’t rely on anecdotal evidence. I don’t think there’s a profession this side of the Census Bureau that loves data about people more. If there’s an exception to that rule, however, it lies in social media. Print, broadcast and e-mail marketers have had decades to hone their craft and perfect the way they process data. Social-marketing marketers are still the new kids in the class,  and there are still a few kinks in their system. Many people using social media for business purposes (yours truly included) aren’t professional marketers or publicists. There’s a temptation to rely on soft impressions — personal experiences and secondhand stories that create the rough impression that you know what’s going on. When you finally decide you need some data on how your social content is performing, there are a host of tools, both free and paid, for measuring basic social-media metrics such as click-throughs, re-tweets and the like. Those are fine for measuring your own performance — but how much do they actually tell you about how people see your brand? The next step, for many people, is to use some kind of professional, automated sentiment-analysis program. These programs will scan social networks for mentions of your brand and create a more robust picture of how people are talking about you. They rely on keywords, syntax and other factors to figure out what each tweet means for your brand. Unfortunately, computers still struggle with the complex, idiomatic way humans express ideas. In the lead item from today’s SmartBrief on Social Media , Tom Webster asks some very pointed questions about the limits of what machines can tell us about human sentiment. These questions aren’t purely academic, either. If you’re relying on brand-sentiment analysis to make marketing decision and your data are bad, it’s only a matter of time until you reach a disastrous conclusion. But what is the alternative? Ignoring the problem isn’t an option. For large, well-known companies, measuring social sentiment by hand would be prohibitively expensive. Social data need to be automated to some degree to be scalable. Perhaps all social marketers can do for now is to take in their machine-harvested data — and then consume with a healthy dose of skepticism. How are you measuring brand sentiment? How do you cope with flaws in automated sentiment-tracking programs? Image credit, Korovin Vitaly Anatolevich , via iStock

3c3b757d57button.gif Your turn: Do you trust automated social data?

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Your turn: Do you trust automated social data?


1
Mar 10

Are there better ways to enhance social-media privacy?

Data is the heart of social media. Without the ability to solicit feedback, orders, customer service requests or usage information, it becomes dramatically more difficult to realize a return on your social-media investment. Your followers must be comfortable sharing information online. The problem is that they’re usually not just sharing that information with you. How can we make sure our customers continue to be willing to share information with us? Steve Lohr has an excellent long-view piece on the subject, featured in today’s SmartBrief on Social Media , suggesting that it’s no longer enough for companies to simply disclose information and let consumers decide what to do with it. Lohr argues that the level of complexity and the sheer amount of data we’re sharing make an informed-consent model totally unworkable. Lohr suggests that we need to turn to either more regulation or tougher tools. Regulation has its place, but as last week’s privacy decision in Italy shows, it’s easy to swing too far in that direction. Some tools, such as anonymous browsing capabilities, show promise. Others, such as an alert feature that pops up every time you share data, sound like they would be more annoying that helpful. What are the alternatives? Should we be looking for better ways to anonimize data? Should try to refocus our efforts on finding ways to profit from social media that don’t explicitly rely on personal information? Or should we go the Mark Zuckerberg route and try to obliterate the social norms of privacy by pretending they’re already irrelevant? How should we be working to address consumer privacy worries? Are you concerned that increased user caution will hurt your ability to leverage social platforms? Anybody want to defend the user-choice model? Image credit, enot-poloskun , via iStock What are the alternatives?

imagebutton Are there better ways to enhance social media privacy?

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Are there better ways to enhance social-media privacy?


23
Feb 10

Small Business Tips For Reporting Web Metrics

[Last week, we shared some web analytics basics for small businesses or web site owners new to tracking website visitor data. Building on that, this post explores what you should do next to report that data.] It’s an exciting time to be a small business owner or communications professional. Why? We’ve never had more data and metrics at our fingertips. Actually, we flew past merely having data to having real-time data. Surprisingly some don’t initially like web metrics. Common concerns I’ve heard over the years include: It’s too confusing Information overload What am I supposed to do with all this data? Won’t all this tracking be expensive? All understandable to someone new to digital marketing but ultimately unfounded. Web metrics are simple to interpret, can be parsed to provide just the information you need, and provide actionable insights for your products or marketing without requiring an expensive research firm. When introduced and walked through the process, most companies quickly fall in love with the accountability provided. Getting web analytics setup is step one. Once you’re tracking, the next step is reporting in a way that is meaningful to stakeholders and using the data to provide actionable recommendations at the strategy table. Beginning the reporting process: 1) Learn the basic and advanced functions of your analytics package If you’re using Google Analytics and are new, learn both the basic and deeper functionality, such as creating advanced segmentation. It’s critical to understand your tool before you get into creating reports. Inevitably after making reports questions will arise asking for specifics, so you’ll want to know how to answer them. Smashing Magazine has a fleshed out guide to Google Analytics that will give you a crash course in the app. 2) Pull key data from your analytics package and document monthly in your own dashboard While there’s little concern major web analytics services will lose data, you should (either automated or manually) pull metrics out monthly into a customized dashboard. Now here’s the critical part: just pull out the data relevant to your objectives and defined KPIs. You can always go back into your analytics package for more detailed metrics (and you should be doing that anyway). By pulling out the data relevant to your objectives, you are being your own best friend and making it simple to craft internal reports/memos, create presentations, share metrics with your team and have it in a malleable format. 3) Know the difference between KPIs (Key Performance Indicators) and objectives More traffic to a blog may be nice, but if your goal is to build subscribers traffic is just a KPI. More traffic will logically build more subscribers and it’s something you want to track, but it’s not your success metric. Most web pros are extremely conscious of this difference, however I’ve seen many businesses and marketers either confusing these or not bothering to define them in the first place. 4) Draft detailed insights and an executive summary If you’re doing something like emailing a report with the monthly web analytics summary, don’t send just the data. It’s up to you to interpret what the data means to recipients. Remember, even though you’re taking the time to learn how to report on web metrics the digital divide is still very real. Many won’t even know basic web analytics definitions. If your company is still new to web reporting, it’s an opportunity for you to become the internal analytics evangelist and educate your team. The more they understand, the more valuable the web reports will become. In addition to the detailed insights behind the data, create a brief executive summary each month outlining the major trends in a quick to skim format. If the summary is compelling – you may hook team members to read the whole report. With that said, many will never get past the summary no matter how interesting it is. So it’s a critical component to influence decision makers who don’t have time to read a 1,000 word report. 5) Create goals that push you, but are realistic Great – you’re now not just tracking web analytics, you’re analyzing the data and creating insightful reports. A potential outcome is someone will say: “we want to increase X metric by Y %.” Goals are a good thing and will keep you focused, but make it a policy to keep them realistic. Growing organic web traffic is a long-term process which unless you’re a seasoned digital marketer you may not be able to project realistically (and even then there are too many variables for it to be predicted with 100% accuracy). If you’re new, stay on the conservative side so you don’t set unrealistic expectations. Now that we’ve gone through some basic tips for web analytics reporting – let’s outline a skeleton of some SEO and social media specific metrics worth reporting on. Basic KPIs to monitor relating to SEO A healthy stream of search traffic is vital to the success of any business’ visibility. You’ll want to monitor some specific KPIs to provide insight into your organic search traffic. With the rise of personalized search, it’s smart to set your objective as organic search engine traffic, not search rankings. In a world where search phrases are getting longer and we all see a different SERP for the same phrases due to personalized search, rankings should just be a KPI. Branded to non-branded keyword mix - if all you’re getting is branded search traffic, you’ll want to conduct a technical and content SEO audit of your site as something is probably not in order. A well optimized site (unless it’s a brand with strong marketing prowess or has broad terms in their name) should see a majority of traffic from non-branded terms. Total organic traffic – increases in search traffic can potentially impact your other organic referral sources as well (for example, more people find the site via search engines, share via social channels, which spawns more referral traffic). Search engine rankings – they still matter to keep an eye on. An unbiased report of rankings in search engines for priority terms is something to monitor as it relates to the SEO health of your site. Most popular phrases – keeping track of the popular phrases sending you traffic is important – this data allows you to show correlation between rankings and web traffic. Unique pages on your site – if you’re interested in more search traffic, you should be adding content to your site over time. By adding fresh content at regular intervals, you’re creating signals to the engines to crawl more often and also create more potential search phrases users can find your site for. Depth/length of visit – if you’re optimized for certain terms but traffic from those terms is bouncing or leaving the site quickly, you may want to adjust your glossary. More advanced users will want to track things like conversion rate per keyword, most popular pages, backlink volume and quantity, etc. But don’t become a victim of KPI creep – start simple and add more as you get comfortable. Basic KPIs to monitor relating to social media Along with your small business website, do you have a blog or forum where you’re nurturing a community? Below are some social-media specific metrics to monitor. Your objectives could vary quite a bit (and may even be one of the KPIs listed below) as social media application is as open as your creativity. Number of subscribers – how many people are reading your blog through RSS or email every month? You’ll want to pay attention to this, as subscribers are a vital element of an online marketing growth strategy . Branded searches/non-branded – again, it’s important to know how many people are actively seeking out a community or blog you are monitoring/marketing. This number should grow over time as a byproduct of all marketing activity, digital or otherwise. Overall unique visitors - how much traffic does your community generate? Search engine traffic – search traffic to a blog or web forum should increase month over month as more content is added, links are acquired and authority is gained. If you execute properly increased search traffic is a by product of your social destination. Visitor to subscriber conversion ratios – how many people are coming to your blog but not bothering to subscribe? Might it be worthwhile to experiment moving around the subscription CTAs or adding another below content? You can’t know unless you’re tracking this data. Just compare unique visitors monthly to new subscribers and reduce. I.E. – if your blog had 1,000 visitors last month and 10 new subscribers, you’re converting roughly 1 subscriber per 100 visitors. It’s a rough number because certain referral sources will send better traffic but over time you’ll see the trend emerge. Followers/fans in outposts – Chris Brogan talked about using outposts in his social media strategy. Darren Rowse went ahead and fleshed out a visualization behind this. Outpost is the perfect word to describe how many of us leverage social sites to feed self-hosted communities that live in the open web. Track the growth of these monthly, and remember to do things that actively bridge the connections between them to strengthen your presence. Referral traffic – is StumbleUpon your #1 referral source month over month but you’re not calling it out specifically as a sharing button on your site? Are certain types of blogs sending you highly relevant traffic you can form deeper relationships with? A social program should be extremely sensitive to referral traffic. Number and quality of conversations/posts inspired externally - as your blog starts to grow in popularity it will spawn organic conversations/posts externally. You’ll want to know both how many have been inspired and if they were high quality (score them). Knowing this data, you can line it up next to your blog posts published each month and see trends in the the kind of content that resonates. Number of shares of content across platforms – in addition to conversations/posts inspired externally, you’ll want to know how many people Dugg, Stumbled, Tweeted or otherwise shared your content. Same process – line this up with content and you’ll start to see what is resonating vs. falling flat. Wrapping up Web analytics reporting is a requirement for modern businesses.  It allows your marketing to be more accountable and enables you to support key decisions with data – a powerful selling tool.  If you’re new, don’t let perceived complexity or jargon scare you off:  start simple and get into a rhythm with reporting on the basics.  Over time as your team becomes fluent the process, then you can add additional depth. As many of you reading are extremely savvy in web analytics – what advice would you add to help those who are new?