Module 10: Free Vs. Paid Social Media Monitoring Sites

social-media-monitoring

With so many options for free and paid social media monitoring tools picking the right one for your business can be overwhelming. Here’s a review of four social media measurement sites:

Social Mention (free) is a social media search and analysis site. It analyzes data and measures influence in four categories: Strength, Sentiment, Passion and Reach. Monitoring over 100 sites Social Mention lets you choose what to focus on, such as blogs or monitoring keywords to gather information on related users, hashtags, etc. If you are a small business this service should meet your needs with up to 500 free mentions per month.

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Klout (free) targets small businesses looking to analyze their online influence. Klout gives you a score from 1 to 100 based on your Twitter, Facebook, Google+, Instagram, LinkedIn and Foursquare account activity along with over 35 different variables to determine your real social media reach. Other users can recommend your influence with a +K, which helps boost your ranking. Graphical displays show you how your score has changed over the last 90 days, and a pie chart indicates which sites your influence comes from. For business users Klout provides a general snapshot of activity and social stats day-by-day over 30 days.

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HowSociable (free) lets you measure both your social media presence and your competitors. You can view patterns and trends to see which platforms work best for your brand and areas where you need to improve. HowSociable makes brand management easier by reporting on your brand impact online using a ‘magnitude score’ of 0-10 that indicates your brands level of activity in a given week from across the social web (based on 36 most popular sites). You can adjust your brand strategy based on the measures reported.

This tool is ideal for reporting return on investment from social media. Subscribers can set goals, measure improvements and identify their brands strengths and weaknesses. A free account lets you track 12 social sites, including Tumblr and WordPress. For a fee you can monitor 36 sites (Basic $9 per 3 months, Plus $19 per 3 months and Max $99 per year).

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Sprout Social (paid) tracks content and conversations across social media platforms, including Twitter and Facebook. Subscribers can request reports on engagement by day and time, and user performance for multiple accounts. This helps users schedule their posts to maximize the effectiveness of their messaging. With more customers using social media to raise support questions, Sprout tracks customer service response times to help you improve yours. The site uses demographic measures to tell you where your customers/audience are located and monitors keywords across social networks so you know who is talking about your brand, on which site and what they are saying. This paid tool makes it easier to manage customer relationships across multiple social networks. Sprout offers a free 30 day trial and the monthly fee starts at $39 for standard and goes up to $99 for a premium account.

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When choosing a social media monitoring site consider your budget and do your research to ensure the tool you select can provide all the information you need.

What social monitoring sites do you recommend and why?

 

 

Using the 3As to demystify social media measuring and monitoring

3As

Company’s put their focus and resources into programs that produce a high return on investment (ROI). As the social media manager you can use the 3As to measure how social media engagement supports your business objectives.

  • Action: Business results of online outreach
  • Attitude: Overall sentiment and relationship measures
  • Attention: The overall volume of interest

Start by keeping a list of everything you can and must measure (see page 197 in Social Media ROI by Oliver Blanchard). You also need to tie everything you measure to business objectives. Most importantly, test, measure, learn, adapt and repeat. Blanchard also recommends looking at F.R.Y. (View YouTube video), which is frequency, or number of transactions per month; reach, or number of new customers; and yield, or total transactions.

Look at what each department is measuring and what measures should be reported on at the overall program management level. Compare apples to apples. Identify if you are measuring financial outcomes (weighing the Return on Investment – Gain-Cost/Cost) or nonfinancial outcomes – intermediate metrics that tell the story by capturing changes in customer behaviour.

You can measure Action by tracking the results of your company’s online presence. To do this look at your campaigns key performance indicators (KPIs) such as tracking website or online store visits, volume of purchases, event registration, attendees, higher customer service satisfaction, etc.

Establish a baseline of activity (action your customers/audience take) and outcomes. Next, create and share activity timelines that show how each department’s efforts overlap. This combination of activity will help you determine what information is relevant. For example if your company launches a Facebook page (Action) and the public responds by opting in and you see an increase in brand mentions (Attention) and an increase in positive sentiment (Attitude) you may also see that sales reported an increase in net new transactions. Using a graph you can plot the action, reaction, impact (outcome) and result (conversions).

Keep in mind that none of these measures and analysis can provide meaningful value without context. They must be viewed as part of a collaborative analysis. For example, as you explore results you may find that there are other factors influencing the sales reports such as a price drop, a positive product review, shortage of inventory, etc.

Measuring Attitude allows you to gauge audience connections to build better relationships. Tracking how people feel about your organization you can measure your audience’s emotional connection. To do this successfully you need to track sentiment, satisfaction and relationship to your brand through constant monitoring of your online presence. There are tools on the market but this is best done by humans. Only people can interpret context and tone to determine if a negative comment really is negative or if the comment is just worded in a way that appears negative to an automated tool.

One way to track sentiment is to review Facebook posts and likes, Twitter retweets and blog product reviews. Likes and retweets of positive sentiment could show an impact on sales. Using Twitter to respond to negative customer service issues could create stronger loyalty and retention that may lead to an increase in frequency and yield of customer transactions.

Measuring Attention allows you to look at your brands likeability with your audience. This can be achieved by counting followers, volume of blog traffic, rankings, number of posts, retweets and mentions on Twitter, links and likes. It’s important to connect these measures to the actions that are drawing attention. This will tell you what they like on Facebook or why they are following you on Twitter. This information helps you to maximize activities that receive positive action and continue to engage your loyal influencers.

By evaluating which social media activities are driving results you can understand what works, what doesn’t and why to justify investments and measure their value to your organization.

Check out this link that talks about the 5A’s of social media measurement (The Five As of Social Media Measurement).

Social media policies in healthcare

pharma-social-mediaThe topic of creating organizational social media policies got me thinking about the importance of spelling out ground rules. I recently had job interviews with two different hospitals and it was interesting to learn how far apart they were in terms of adopting social media. I was surprised to learn that one of the hospitals did not support the use of social media. Simply put they didn’t want to navigate the mind field of potential privacy issues and negative feedback. And their physicians are much too busy to be on social media.
Years ago, hospitals were nervous about utilizing social media and concerns over privacy and risk were in conflict with social media culture and values. As more and more patients turned to the web for information, healthcare sought out opportunities to establish a presence and share their storytelling to promote awareness and education.
Today patients and physicians are using social media both officially and unofficially to communicate effectively, to research medical information, seek out communities and offer opinions. Children’s Hospitals, like CHEO in Ottawa (see CHEO policy – http://www.cheo.on.ca/en/termsofuse) and Sick Kids in Toronto are among the most advanced in terms of using social media and have rolled out internal and external social media policies.
An example shared by the Ontario Hospital Association (http://www.oha.com/Pages/Default.aspx) to promote their 2013 Social Media in Health Care Conference highlights the use of social media to promote awareness and communication. Hélène Campbell a young woman from Ottawa was diagnosed in September 2011 with idiopathic pulmonary fibrosis (IPF) and, was placed on the transplant list. She shared her story by documenting her own need for new lungs via social media. She not only raised awareness for organ donations but she also attracted support from celebrities including Justin Bieber and Ellen DeGeneres. She became a digital and traditional media sensation. Happily, Hélène received her new lungs and today continues to promote awareness through social media. Cancer patient Karina Xavier has battled bone cancer since 2011. The 15 year-old YouTube make-up artist aficionado and blogger was paid a surprise visit in hospital by Supermodel Gisele Bundchen who was touched by her online video.
The Mayo clinic promotes a number of blogs and communities and has demonstrated how healthcare can successfully adopt social media – and they share their social media policy #SocialAtMayo Mayo Clinic’s Social Media Guidelines (http://www.youtube.com/watch?feature=player_detailpage&v=pjocDhlicJs). The Mayo Clinic, a not-for-profit medical practice and research group based in Rochester, Minnesota was an early adopter of social media. Today they have established a Center for Social Media and recently held their first Social Media Grand Rounds.
I’m not expecting every hospital will achieve the level of social media success that the Mayo Clinic has but it would be nice to see all hospitals adopt a social media policy and plan that supports awareness and education. As PR practitioners it’s important to ensure the framework we build includes policies and procedures that are easily understood by all users both internally and externally – and we engage our staff in their creation and rollout to safeguard their success.