ROI

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4 steps for calculating ROI on social media

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Asked on LinkedIn: Your thoughts about ROI with social media would be appreciated

Your best bets for quantifying ROI are:

1. Direct sponsorship/revenue: Think beyond advertising and premium fees to other ways of earning revenue with social media (product sales, licensing fees, sponsorships). These can be priced by other examples; the dollars that you earn this way will be directly trackable.

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Blog ROI: You can relate

10 ways to maximize your blog's ROI: Part 4, building relationships

Lots of hands

So far in this 10-part series, we've seen how blogs can help you give your organization a human voice, gain valuable feedback and create a communications alternative to news releases and advertising. Now we're going to look at how it can help you build relationships with your customers, your public and your team.

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Blog ROI: Throw out that news release

10 ways to maximize your blog's ROI: Part 3, an alternative to news media

Blogging by typewriter

So far in this 10-part series, we've seen how blogs can give your organization a human voice, and provide valuable feedback from your customers. Now we're going to look at how they can open up a new communications channel to the world: one where you can tell stories that might not make front page news, but can still move your audience.

Many organizations have only two ways to talk to the public about the issues that matter to them: advertising, and mass media - often through a news release.

No accounting for it

No accounting for it(young hip guy talking to older man in suit, who is punching numbers into an adding machine) Sure. But if you assign an ROI figure to 'fun', then our web team actually turned a small profit in the last quarter.
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Blog ROI: Get into the feedback loop

10 ways to maximize your blog's ROI: Part 2, getting high-value feedback

Think for a moment about how much your organization spends to find out what its audience (a term we'll keep using until something better comes along, but it really isn't adequate in a social media age) is thinking.

Maybe you're doing opinion polling or focus groups. Maybe you have labs where your prospective customers are testing your newest products and services. Maybe you've hired consultants to mine your customer service logs for golden nuggest of insight.

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Blog ROI: Put the I in ROI

10 ways to maximize your blog's ROI: Part 1, give your organization a human voice

Times are tight, which is the polite way of saying that your communications budget has probably been handed to Freddy Krueger for a light trim. So whether your organization is already blogging, or just thinking about it, you need to make a strong case for your blog's ROI.

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YouTube views as a proxy for web success

Comparing the impact of web video on Obama and Clinton campaigns

We're often asked how organizations can measure the return on investment from social media. Frank Rich's column in today's New York Times effectively uses YouTube views as a proxy for the overall success of the Obama and Clinton campaigns in tapping the power of the web:

Evolution

Evolution

For everyone who's ever had to back up blogging with a financial justification...

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