The document discusses metrics for calculating return on investment (ROI) for social media marketing. Some key metrics mentioned are number of followers, views, visits, sales, and customer retention. It provides an example calculation of ROI by comparing the increase in new customers from a Google+ campaign to the cost of the campaign, and notes that future customer lifetime value could further increase ROI over time. A recommendation is made to only invest if the initial ROI calculation is positive.
The document discusses metrics for calculating return on investment (ROI) for social media marketing. Some key metrics mentioned are number of followers, views, visits, sales, and customer retention. It provides an example calculation of ROI by comparing the increase in new customers from a Google+ campaign to the cost of the campaign, and notes that future customer lifetime value could further increase ROI over time. A recommendation is made to only invest if the initial ROI calculation is positive.
The document discusses metrics for calculating return on investment (ROI) for social media marketing. Some key metrics mentioned are number of followers, views, visits, sales, and customer retention. It provides an example calculation of ROI by comparing the increase in new customers from a Google+ campaign to the cost of the campaign, and notes that future customer lifetime value could further increase ROI over time. A recommendation is made to only invest if the initial ROI calculation is positive.
through innovation, leadership and business. Crowd sourcing Spike in followers No of views Stickiness Number of new ideas Spike in number of visits Spike in stock prices Spike in sales Increased social conversation Retention Rate / complete transaction Repeat customers Assuming that PPC is between $1 to $2. Target no of visits 3000 Amount required = 3000 * $1.25 = $3750 Measuring the ROI based on changes on above metrics Maersk Line Google+ Spend 2012 Increase in total number of customers in current year - Increase in customers last year without Google+ campaign= Increase in customers through Google+ Increase in customers through Google+ X average revenue per customer = Total additional revenue through Google+ Total additional revenue Total Spend, will give the ROI Customer lifetime value post 2012 will increase the ROI further.
In case the ROI is positive the decision to
invest should be made else investment should not be made.
Direct Marketing Is A Database Driven Marketing Strategy, Which Relies On Communication With Customers Whilst Creative Marketing Is The Technique of Building Customers Trust and Loyalty