Research Buyers Guide

The authoritative guide to research suppliers. Go

Research Jobfinder

The No.1 jobs resource for research and insight professionals. Go

Research-live.com

The definitive source of research news and opinion. Go

Fair Data

The Fair Data mark helps consumers recognise who they can trust. Go

International Journal of Market Research (IJMR)

The world authority on research methodologies and techniques for professionals and academics. Go

Geodemographics Knowledge Base (GKB)

For people interested in the application of geodemographics and geo-spatial analysis. Go

x

New joint industry guide gives alternative approach to measuring social media


02-02-2015

Successful social media measurement is not just about clicks and should remain rooted in the tenets of traditional marketing measurement according to a new joint industry guide just published.

It is designed to help marketers and agencies assess the impact of social on profitability and offers seven key principles to do this. The Short Guide to Measuring Not Counting – How to Evaluate Social Media for Marketing Communications has been produced by MRS, the IPA, The Marketing Society and key social platforms Facebook and Twitter.

This unique industry collaboration is known collectively as #IPASocialWorks. The guide addresses the challenges associated with validating social media campaigns. It highlights the need for social media planning and evaluation to operate in tandem with other traditional channels to accurately gauge its reach, rather than adopting a siloed approach.


Short_Guide_COVER (1).JPG


It argues that the same rigour must be applied as for established marketing measurement, using comparable metrics, linking activity to overall objectives and a focus on the long term results. Whilst also using the real-time evaluation process that social media offers to inform accurate targets and predictions.


The seven guidelines:

1. Social is more than marcomms and is challenging organisations

2. Social is changing the way we measure- its evaluation is more than a dashboard

3. Avoid a siloed approach to social measurement

4. It is easy to overestimate the value of earned media and influencers

5. The commercial value of social will increasingly lie in the richness of its data

6. Social can learn from traditional planning

7. Even the short-term results need a long-term context

The guide is compiled by Ray Poynter, author of The Handbook of Mobile Market Research and founder of The Future Place, Simeon Duckworth Global Head of Business Planning, MindShare, and Fran Cassidy, The Cassidy Partnership.


Says Jane Frost, Chief Executive of MRS: “By clarifying some of the commonly held misconceptions and highlighting good and bad practice, we demonstrate the value of the research industry sectors skills. This guide emphasises that it’s the smartness of your data and the way you use it not the size of your database that really matters.”

Stephen Maher, Chairman #IPASocialWorks, Chairman of The Marketing Society and CEO MBA, says: “This guide has come to fruition as a result of our unique cross-industry collaboration and acts as an important step in the evolution of social media marketing and its measurement, as it sets out the optimum approach to tap into the rich level of data provided by this growing channel. And as spend for social media continues to grow, this guide can act as a vital tool for businesses concerned with measuring the impact of their activity in this area, and ultimately its effect on revenue.”

Patrick Barwise, Patron of MRS, Emeritus Professor of management and marketing at London Business School and chairman of the leading consumer organisation Which?, says: “This guide is well timed to take stock as social media marketing communications comes of age. It summarises the current state of play and offers guidelines on how to make the most of this young, but rapidly maturing medium. I’m not aware of any other publication anywhere that addresses these issues so comprehensively.”


Purchasing the guide


The guide comes to MRS Annual Conference, Impact 2015

On March 18, Ray Poynter is running a workshop based on the guide which is followed by a lunchtime panel with heads of social media from RSA and BT.

Find out more here.


Event highlights

September 2017
Conferences07

The Best of Impact 201707.09.17 | The Lowry Arts Centre, Salford Quays

More details Book now
Training12

Insight-driven Innovation12.09.17 | MRS, London EC1V 0JR

More details Book now
Training13

Crafting and Designing Presentations13.09.17 | MRS, London EC1V 0JR

More details Book now