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ROI of Social Media: How to Improve the Return on Your Social Marketing Investment Hardcover – March 22, 2011
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From the Inside Flap
How to Improve the Return on Your Social Marketing Investment
With this book, social marketers can now answer that nagging question from the CEO and CFO:
“How can we use this new social media channel most effectively to drive more revenue, profit, brand and share at highest RIO and least risk?”
The concepts in this book can be applied to any social marketing channel and any combination of traditional and social media. The authors build a Media Engagement Framework that applies directly to:
RIO of Social Media is truly global in nature presenting case studies from around the world including Dell (Europe), Comcast (North America), Guinness Anchor Berhad (Malaysia) and Microsoft Asia Pacific. With this range of cast studies, the reader will be able to apply these concepts to their business whether they are based in New York, Shanghai, London or Sydney.
The book presents with an 8-step process to strategize, develop, implement and measure an effective social marketing strategy.
From the Back Cover
How to Improve the Return on Your Social Marketing Investment
This book more than adequately covers this increasingly important topic, as social media begins to take its rightful place on the center stage of not just marketing but a number of business disciplines. ROI of Social Media is an excellent analysis of the current landscape. I cannot recall any book that singularly tackles ROI at this level, most media books simply give a passing reference or chapter on ROI, this is the first comprehensive study. – Larry Weber, Founder and chairman of W2 Group, Formerly of Weber Shandwick
We know that for 2011 and the foreseeable future, ROI is one of the top priorities for the social media strategist at many companies, ROI of Social Media is the right book at the right time as social media strategist are needing to work the various department within the enterprise and show that the investments in social tactics and tools are a good investment. The 15 case studies contained in this book will help the social media strategist understand how global brands are successfully using social marketing to connect to their audience. – Jeremiah Owyang, Partner, Altimeter Group
The ROI of Social Media is a must-read for any business looking to get the most out of their investments in social marketing. It sets the stage for marketers to interact with influencers, individuals and consumers and explains the relationships between them. This book breaks down into simple terms both “dollars” and “sense” for social marketers to live by. Fundamentals, strategies and tactics …this book has it all. The ROI of Social Media will be the dog-eared book that sits on the corner of your desk used to prove many a point. – John Lovett, Senior Partner & Principal Consultant, Web Analytics Demystified
Analytics are the core to a consistently successful marketing program. This book offers the metrics to manage social marketing programs, to measure their success, to diagnose underperforming elements, and to deliver extraordinary results. Kudos to this team of marketers in putting this essential book together. – Professor JC Larreche, InSEAD, Author of The Momentum Effect
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Top customer reviews
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The book provides techniques such as the media engagement framework. The MEF provides the context as to where to get your arms around using social media within your organization from the perspective of personas down to how to measure each persona (influencers, consumers, individuals) and the way to appropriately reach them with the best return instead of grabbing the coolest thing on the market.
The entire subject of ROI is often a half baked attempt to provide enough cause to do something. In other words, ROI is not real as it is based on possibilities or intangibles. Real ROI is based on hard dollars not soft dollars. I applaud the authors for taking the position of defining ROI specific to social media with how to approaches. As a marketer and not a finance person, I appreciate the business mechanics of generating the ROI rather than a lot of financial calculations that would leave me trying to figure out how to apply social media to the calculations. The book does a fantastic job of applying ROI as would be expected by the title and it lives up to that title.
Other aspects of the book are the web links to current articles and findings on the web. There are case studies, tools to use, and side bar definitions that make the book a very useful guide. I hope the authors keep the book up to date as tools and trends change, however, the frameworks and approaches will have a decent shelf-life that I would encourage anyone to read in 2011 and for the next several years.
Many people have many opinions on how to determine the ROI of social media. The inclusion of case studies in this book take the discussion up a notch and allow the reader to really see what the authors are writing about in action. Reading about various theories and tactics is one thing. Seeing the theories and tactics implemented are another.
I hope there is an updated version written down the road that includes additional, timely, case studies along with the valuable insight the authors bring to the reader. Be sure to have your hi-liter pen handy when you sit down to read this one!