220 likes | 288 Views
how to measure the efficacy of content marketing initiatives
E N D
Content Marketing Metrics Charlene Li Founder and Partner eMetrics New York Oct. 19, 2011 Rebecca Lieb Analyst, Digital Advertising & Media
Measure What a Publishers Measures: • Page Views • Time Spent on Page • Top Stories • Subscribers • Ad Sales
B2C Content Marketing Case Study Pepsi Refresh Monitor web for project mentions, assess sentiment. “What consumers say about us is more important than anything that we say. It’s an indexed competitive score looking at how our brand is doing compared to our competitors, indexed on a hundredth scale. The formula accounts for volume and sentiment, and then weighted by platform." –Shiv Singh, PepsiCo
B2B Content Marketing Case Study Eloqua Company closed $2.5 million in annual contracts from clients who downloaded 2010 Grande Guides, additional $3.2 million in contract stage. People who discover Eloqua through its content are 21% more likely to view a demo and more likely to be VP level or higher than the average site visitor, i.e. “quality leads”
Figure Out What You Want to Measure & Why You Want to Measure It • Subscribers • Fans • Likes • SEO (visibility; ranking; as traffic source) • Leads (quality; lifetime value; customers referred by existing leads) • Sales (volume; dollar value; length of sales cycle) • Traffic • Conversions (Sales? Subscribers? Leads?) • User/Lead/Sales Acquisition Costs
One Approach: Assign a Dollar Value to Each KPI • The average chair costs $500 • Analytics show 50 people start the process of purchasing a chair online every day, but only 10 finish the process • User research shows the instructions on the purchase pages are very confusing • We assume 5-10 people leave the purchasing process because of something unrelated to the site. 5-10 leave the process when they see shipping costs • We assume the remaining 20-30 people would complete the purchasing process if instructions were more helpful • Ergo, the value of the instructional content is likely c. $300,000 - $450,000 per month ($500 X 20-30 people X 30 days) • The cost of fixing the content is approximately $25,000 Source: BrainTraffic
Image by StreetFly_JZ used with Attribution as directed by Creative Commons http://www.flickr.com/photos/streetfly_jz/2760882758 Measuring More Than Money © 2011 Altimeter Group
Source: “A Framework for Social Analytics” by Susan Etlinger
Source: “A Framework for Social Analytics” by Susan Etlinger
Source: “A Framework for Social Analytics” by Susan Etlinger
Soft Content Metrics • Facebook likes, Google + +1s • Retweets • Social network shares • Blog citations • Links back • Comments • Time spent on page • Average page views per visitor • Followers • @Mentions
Soft Content Metrics • Facebook likes, Google + +1s • Retweets • Social network shares • Blog citations • Links back • Comments • Time spent on page • Average page views per visitor • Followers • @Mentions
Image by randomcuriousity used with Attribution as directed by Creative Commons http://www.flickr.com/photos/randomcuriosity/3445573373/ Recommendations © 2011 Altimeter Group
top-converting referrers pages keywords
sales attribution ecommerce dedicated 800 numbers online forms for downloads
lead quality define it: job title? prospect who first watched a video or downloaded a white paper?
search & social media visibility web analytics, Alexa.com, Compete.com tie SEO to specific keywords goal: awareness, buzz, brand, traffic
be patient These aren’t advertising or e-commerce metrics. Clear content marketing ROI takes time to become manifest.
21 THANK YOU Rebecca Lieb rebecca@altimetergroup.com www.rebeccalieb.com/blog Twitter: @lieblink
22 ABOUT US Altimeter Group is a research-based advisory firm that helps companies and industries leverage disruption to their advantage. We have four areas of focus: Leadership and Management, Customer Strategy, Enterprise Strategy, and Innovation and Design. Visit us at http://www.altimetergroup.com or contact info@altimetergroup.com.