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Phil Macartney from Bebo presents on measuring social media, at Measurement Camp Dublin.
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Measurement Camp
“So if I spend 12 grand and I get 4000 friends that means I am spending 3 euro a friend?”
NO
2
2
Engagement Marketing
OriginalProgramming
Traditional OnlineAd Sales
This is what we sell on the site –
• Sponsorships• Product integration
Video advertising / Open Media
• Pre-rolls• Companion banners
• Brand Profiles• Skins• Widgets• Applications
• MPUs• Banners• Skyscrapers
Traditional OnlineAd Sales
For this part, there is a value measurement.....
For this part, there is none....
Engagement Marketing
Lets break down a campaign...
Lets take a Coca Cola Campaign that ran in April 09
Using low averages from both online and offline media we can try and assess what Bebo should have charged
From the findings here can we extrapolate values to other web 2.0 platforms?
Display media – before click throughs etc this is exactly the same as a newspaper ad or an outdoor ad.
Avg online cpm 3eu (very low estimate)
At a low figure of 20m impressions across this media this gives us a spend of 60k euro
This measurement gives us a base from which to build our engagement model
Base = display promoting engagement site/profile
The next level is the action/the click through
Base = display promoting engagement site/profile
17,000 visits to the page. 17,000 calls to action.What is a fair cost per action here. What value does bringing the consumer to the brands page have?
The next level is the action/the click through
Base = display promoting engagement site/profile
Would this be the part of the pyramid where blogs could count their impressions at?
To price these can we look at advertorial cpt rates?
Engagement
Base = display promoting engagement site/profile
In terms of interactions and engagement the Burn profile page had
126 Comments7 photo uploads70 quizzes taken679 skins used
Engagement
Base = display promoting engagement site/profile
What medium or marketing product can we use to give us a low base cpm for this type of interaction?
3 eu cpm
15 eu cpm
Friends – a part of engagement or something more?
Base = display promoting engagement site/profile
What about cost per engagement ?
Some brands are now looking at this moving forward
Invert the pyramid and the brand pays for how many engagements it achieves at a very high cpm
This would only be fair if the media owner was given carte blanche over the entire campaign
Otherwise the brands creative might be the reason for poor engagement
Problems for you to solve in the next hour!
Online valuations in Ireland fluctuate wildly and have no real bearing on traditional marketing values – this undoubtedly has an affect on engagement marketing value measurement
Ratios – if we can figure out a ratio between traditional online marketing and marketing 2.0 it will be easier to get buy in from brands
Potency – where does this type of marketing stand within the media mix?
Grading – can we grade engagement to allow easy adoption of new platforms by marketers and brands?
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