How are you celebrating Social Media Week? We are bringing you fresh social media week-themed posts all week from our partner, Johnson King, a European technology PR agency headquartered in London.
Today’s installment is a collaboration between Johnson King’s Tom Kirkham, account manager, and Jonathan Mathias, senior account executive. Keep an eye out for more updates from our friends in the UK later this week!
Social Media Week: the ROI question – what do we actually want from social media?
Tom Kirkham, account manager, and Jonathan Mathias, senior account executive at Johnson King
Greetings from Social Media Week (http://socialmediaweek.org/), where yesterday evening we attended an absorbing debate at ‘Chinwag Live: Show me the money – where is the ROI in social media? (http://smw-london.sched.org/event/96a5ab8a98ad88 081ca46d7e08b46ff3) . Speaking for Johnson King, we definitely saw an immediate return on investment – attendance didn’t cost us a thing and there were drinks and pizza provided for all. However it became clear as the debate unfolded that the business world is still struggling to quantify ROI (see this recent IAB study for starters: http://www.nma.co. uk/news/brands-need-roi-evidence-to-invest-more-in-social-media-says-iab/3009466.article), and indeed, several of the panelists made a convincing case for redefining ROI altogether when assessing social media’s value.
The debate took a while to heat up; after the first fifteen minutes all they’d determined was that ‘listening is key’ – not exactly groundbreaking stuff. However, then the idea was raised that instead of analysing the people talking about your brand (and thus already engaged with you), you need to listen to the people who aren’t talking about you, and figure out a way to interact with them. The key is to tap into the conversations taking place within a wider context, thus creating a new audience for your business.
Another key point was that social media activity has different aims depending on whether it is being used to engage directly with consumers as a sales tool. In a B2C context, ROI from a social media campaign will likely manifest itself in sales figures which can be broken down and evaluated. However, in a B2B environment social media tactics are much more useful in terms of brand building and reputation or crisis management. Mark Rogers at Market Sentinel argued that social media monitoring is actually more valuable than measurement, as it can be used to assess campaigns in real-time to decide whether to keep going or pull the plug, whereas all measurement can do is provide a retrospective proof point – i.e. “It worked,” or, “It didn’t work”.
Robin Grant of We Are Social described social media investment as similar to life insurance: you’re making a payment that doesn’t have a return unless something goes wrong. The best examples of successful business-customer interaction using social media occur when traditional channels like telephone or email have become overburdened or ignored. Yet even then appraising a social media strategy may involve dealing with something very abstract – sentiment and perception – rather than ‘results’ in a more tangible sense. While many businesses still ignore customer criticism within Facebook groups, blog entries and Twitter posts, the panel lauded several forward-thinking companies that have taken a mature, honest approach to social media outreach to address these crises.
The big question is whether being seen to be listening and taking action is ROI enough? This is of course a world away from financial ROI, and the panel didn’t seem convinced that many CEOs would be willing to embrace this concept at present. That said, last night’s overarching take-away message was that social media is going to cause a seismic shift in the way consumers perceive businesses – with a far greater emphasis placed on trust and transparency– suggesting that perhaps these CEOs will be forced to re-evaluate their own definitions of ROI in the near future.
{ 4 comments }






You run the PR department for the St. Louis Cardinals. One Sunday morning, you receive a mysterious call. “Book a flight to LA. Immediately.” Within 24 hours, your newest client is sitting down in front of television cameras for a live, hour-long, one-on-one interview.
I’m back from 

8 Ways Commenting On Blogs Boosts Your Reputation & Web Traffic
by Sandra Fathi on January 15, 2010
Courtesy of AmericanHell.com
We recommend for all of our clients a ‘Blog Monitoring & Commenting Campaign’ where we monitor relevant conversations on blogs and recommend opportunities for them to comment on articles or discussions. Regardless of whether or not they have a company blog of their own, this practice helps support a variety of goals and objectives just a few of which are listed below:
1. Increasing Awareness of Your Products & Services – Commenting on blogs provides you with an opportunity to capture ‘real estate’ with high-profile blogs. For example, if there is an article in the NYTimes regarding your company wasn’t included in, by commenting on it, your comment has the potential to be viewed by everyone reading the same article.
2. Strengthening Relationships with the Media – Commenting on blogs is providing feedback to the writer/journalist. This is a great way to build and maintain relationships with the media on an ongoing basis. It keeps your company top of mind for future articles.
3. Bypassing Media – If your company was not included in a critical article, you can insert your company in the conversation through the commenting feature on the blog.
4. Reputation Management – If your company was included in an article in a negative light, leveraging the commenting feature gives you an opportunity to provide feedback without the filtering of the reporter/blogger.
5. Engaging with Customers & Prospects – Often within the comments themselves, customers or prospects will ask questions about the article or companies mentioned in the article. This gives you a platform to respond directly.
6. Thought Leadership – Commenting on blogs is a forum to show your insight and intelligence on a particular subject matter or the industry. This is an opportunity for you to position key executives as thought leaders and the company as a market leader.
7. Driving Web Traffic – Commenting on a blog usually offers an opportunity to include a link to one’s website and/or email address. This can help promote your company website.
8. Search Engine Optimization: Link Building Strategy – Commenting on blogs provides a link back to your website. This is important in helping increase your organic rankings in search engines.
So, do yourself and your company a favor, and add your comments to this post!
{ 0 comments }