Last week, I had the pleasure of presenting at Smartbrief and SocialFish’s final #Buzz2010 workshop of the summer.
Before I get to the presentation, why not get warmed up with…
Making Sense of Social Media R.O.I. (Smartbrief)
by Rob Birgfeld
The chatter around ROI seems to be as loud as ever. What would you attribute this to? Are we at a pivotal moment for business proving value for social media activities?
The chatter around social-media ROI is as strong as ever for two reasons: The first is simply because ROI [points to] one of the most important questions an organization can ask before green-lighting a social-media program: I could spend this budget somewhere else — Why should I spend it on social media? Before any other questions can be asked, you have to start with “why.”
The second is that most social-media “experts” seem incapable of… (more)
Does your Social Media Campaign Pass the F.R.Y. Test? (Smartbrief)
by Jesse Stanchak
“Money is money.”
That might sound like the simplest business lesson there is — the kind of thing most people understand before they even learn to read. But as Olivier Blanchard noted at the Buzz2010 event (full disclosure: SmartBrief helped organize the event) it’s often the first business principle people ignore when they start talking about social media. Social-media gurus love to pretend that ROI stands for “return on involvement” or “return on innovation.” But it doesn’t. It’s return on investment — as in money.
Word of mouth is not money. Engagement is not money. Buzz is not money. Those things can all be gateways to money, but unless you can make the conversion, they’re all ultimately worthless. Only money is money.
Social media isn’t free. The time it takes to run a social-medial campaign diverts resources (time, talent, technology) from other activities. So it needs… (more)
Also check out the sort-of complete Twitter transcript of the event here.
Okay, so now, the presentation. The Social Media R.O.I. part starts on page 31, I think. Everything leading to that builds context. Not every slide will be clear without me narrating, but you should still be able to follow pretty easily.
The twist here is this: The presentation takes the Social Media R.O.I. narrative you have already seen and heard from me, and applies it to NFPs (not for profit organizations) and Associations.
If the presentation doesn’t work with your browser, here is the link to the deck on slideshare.
I hope this helps. Feel free to share this with all your NFP friends and clients.
Disclosure: Social Fish and SmartBrief are clients – they hired me to speak at their event. I also sit on Smartbrief’s Social Media Advisory Board.