Video metrics for everyone!

YouTube‘s become a verb and a household name, but I’ll always see it as an organization that’s brought metrics into the lives of the common people (those who have broadband Internet, anyway).  The “Most Popular” and “Featured Videos” are seen worldwide, Most Popular-YouTube sometimes garnering millions of views.  “Hey, did you see….” is usually accompanied by something like “…and it has x million views on YouTube!”

Number of views is great for little else other than bragging rights.  It’s one of the  “famous” metrics (web analytics guru Avinash Kaushik‘s term) that “are staring you in the face when you crack open any analytics tool” but “barely contain any insight.”

Yep, for anyone in the content business, number of views is right up there with hall of famers number of page views and monthly unique visitors.

YouTube has pushed all of its account holders  – no matter how amateur – to use meaningful metrics. In March 2008 it launched Insight, its “video analytics tool for all users,”Insight-YouTube along with some almost-preachy instructions on how to use metrics to get more people to watch your videos and, of course, come more often to YouTube.

The Insight tool allows you to track “community engagements” (there’s that word again) in terms of ratings, comments, and favorites.   YouTube doesn’t want you to settle for people just watching your video.  People have to show, in a measurable way, that they not only watched it but also reacted to it.

At the very least people should give a star rating (one is bad, five is good).  Rating is easy, quick and anonymous.  Tagging a video as a favorite is the next rung.  And if they’re really engaged, they’ll leave comments.  RatingsYouTube

But, as anyone who’s ever spent any time at all on YouTube knows, many comments are spam, obscene and irrelevant – just noise.  But the value of social media metrics is in looking beyond what James Kobelius in Information Management points out is an “often low and laughable” signal-to-noise ratio.

Kobelius notes that “if you crawl, correlate, categorize, mine, and explore it with the
right tools….[this unstructured information] can yield unexpected insights….The intelligence value of any individual tweet [or comment] in isolation is
negligible….Intelligence emerges from the aggregate.”

If you can stomach a few obscenities, look at this thought in Encyclopaedia Dramatica about YouTube view fraud and how the ratio of VPC, or views per comment, “is the most accurate way to determine if anyone” cares.  “A high VPC usually means view fraud has been committed.”

The example in ED shows that a video with 136,097 views and 3,529 comments has a VPC of 38.7, a low number that indicates this is a video “that people actually find funny.”  The video with 296,413 views, 541 comments and thus a VPC of 547.9 is probably something nobody really cares about.

I calculated some VPCs from this week’s “Most Popular” Haiti video-YouTubevideos and came up with some numbers that I don’t know what to do with yet.  To see if VPC can be used as a key performance indicator, I’ll need to calculate VPCs and crawl through the cacophony of a variety of news videos.  VPC may never be  “famous,” but it might be insightful.

Twitter strategy revisited

It’s been fun to, ahem, follow all of the rather serious Twitter research (isn’t The Science of ReTweets just the best title?). The studies that seem to get the most attention are those that examine the ego-boosting or deflating number of followers – what’s too many, too few or just right.

In Praise of Obscurity,” Clive Thompson’s column in the Feb. 2010 issue of Wired, states the obvious to anyone who’s ever been in a class of 15 people and then in one that has 500:

“Once a group reaches a certain size, each participant starts to feel anonymous again, and the person they’re following — who once seemed proximal, like a friend — now seems larger than life and remote….Social media stops being social. It’s no longer a bantering process of thinking and living out loud. It becomes old-fashioned broadcasting.”

At his Twitter Boot Camp last June, Tim O’Reilly chided the New York Times, saying that “just using Twitter as an RSS feed for your site is a missed opportunity.”  Twitter’s supposed to be all about building communities by having two-way conversations between the followers and the following.

At the time I instantly agreed with him.  But Twitter is no longer an amusing recreational hobby.  It’s now a business juggernaut – and that implies a company should use it tactically any way that it wants.

The NYT has 2.3-million-plus followers, is supposedly following a measly 193, and doesn’t ever seem to retweet or respond to a follower.  But every tweet has a link to the NYT site.NYT Twitter 2-4-10

The NYT doesn’t claim it wants to be your friend and talk to you.  Its Twitter bio states right up front that the NYT is “Where the Conversation Begins.”  It’s not where conversations continue, are facilitated, passed on or anything else connected to being a personal relationship builder.

I do think news orgs must build closer relationships with their audiences.  But Twitter isn’t – and shouldn’t be – the only way to do it.   What is important, however, is transparency in how a news org is using its main Twitter handle.  If a news org is just not that into you, it should say so.

 

 

Is your “in” crowd big enough?

Defining success in Twitter, Facebook and other social media services starts with identifying distinct niche communities based on shared interests and beliefs.  Each community member has different levels of participation and prominence.  And in each community there’s an “in” crowd whose actions determine whether others stick around.   Incrowd1sidOrg

How do you know who these influencers are and whether you have enough of them to keep a network alive and thriving?

Success in social media depends on both listening and doing.  It’s difficult to measure the listening part, but you can definitely measure how many people are doing something, and what they’re doing.

Success also depends on who is contributing.  However, a prominent person’s mere presence doesn’t mean he or she is an influencer.  A true influencer posts content, starts conversations, organizes meet-ups and otherwise engages community members.

For a metric to be useful, you need to have a starting point and a goal.  Setting a goal can start with a pure guess that you adjust once you have some data.  Or, your initial goal can be based on benchmarks from a source that makes sense for your strategy and objectives.

This eMarketer story, “Harnessing Active Brand Advocates,” summarizes findings from a social media survey done by Synovate, a research company.  The findings can help you determine whether you have a healthy number of influencers.

The survey found that 26 percent of U.S. Internet users posted online ratings or reviews.  Twenty percent contributed to online forums.  Meetup Eighteen percent attended a meet-up that originated online; almost 6 percent took an active role in organizing one.   The numbers didn’t vary much between men and women, but they did vary by age group, as you would expect.

It won’t be easy to gather this info from all of the multiple accounts you have on Twitter, Facebook and other services.  Measuring social media is art and science grounded in a thorough knowledge and understanding of what and who makes a particular social network work.

Before even counting influencers, I’d start with coldly assessing whether your news org is in–or out.200904_Project-Runway-lawsuit-settled What would it take to be in–and stay there?  Will it ever be possible?

I’m not sure it’s worth the time and resources for a news org to be in a network if it’s not an influencer.  Does just being a follower help or hurt?  Or do community members feel insulted if they perceive a news org is just putting in a half-hearted, token effort?

I suppose it would vary by community and news org.  Oh, great – that’s one more thing to measure and track.

 

 

Twitter: new medium, new metrics

It's a new year, so I'm hitting the reset button on my attempt to come up with a Twitter metrics methodology relevant to news organizations.

There's no better place to start than with Avinash Kaushik's November 2009 blog post.  Among other things, Kaushik is Google's "analytics evangelist."  He's not only an innovative web analytics thinker but also someone who really cares whether the common everyday professional understands this stuff – and uses it.

Why should news orgs measure their Twitter efforts?  Why don't they just tweet away and just count how much traffic Twitter sends to their sites?

OstrichTwitter is essential for news orgs.  News orgs won't be able to attract, build and engage audiences if they don't use social media successfully.   If news orgs don't believe this then…(insert your fave cliche about ostriches or whatever here).

Twitter takes a lot of time and effort.  At the very least, news orgs should use Twitter metrics so they can use their journalists' time and efforts effectively.  Who tweets?  Who doesn't?  Who should – and shouldn't?  Who should tweet more?  Less?  On what?  With whom?  Are news orgs reaching and engaging the audiences they need and want?

So, here are the key thoughts I have from Kaushik's blog. 

First, just as you shouldn't apply traditional mass media metrics to the web, you shouldn't use traditional web metrics to measure social media. 

Example: Total circulation/readership is a key performance indicator for print, but monthly unique visitors isn't.  You can count anything, but you shouldn't waste time on counts that don't directly lead to specific actions.

Kaushik:  "One of the biggest mistake companies and brands make about Twitter is that they think it is one more 'shout channel' like TV and radio and magazine ads or press releases. Twitter is not that. Twitter is a 'conversation channel,' a place where you can find the audience relevant to you (and your company and products and services and jihad) and engage in a conversation with them. It is not pitching, it is enriching the value of the ecosystem by participating."

For Twitter, Kaushik likes Klout's methodology for assessing reach, demand, engagement and velocity.  Klout gives metrics on each of these areas from which you can "pick and choose according to the objective/action/decision needed."

Klout also gives a total score or compound metric, which Kaushik warns against.  Compound metrics "can be subjective, inapplicable to many and efficiently hide the insights you need to understand what actions to take."

Instead of the simplistic follower/following ratio that many use to define Twitter success, Kaushik likes total retweets, number of retweets per thousand, messages per outbound message and churn.  These metrics measure conversation, not "just yelling."

About all of those followers:  Kaushik's intrigued (as am I) by GraphEdge's assertion that those followers who are following more than 2,000 people aren't "legitimate" because they aren't really monitoring your feed.  

I don't think those following more than 2,000 should be completely discounted.  After all, someone could be following you and not following the other 1,999 people.  And that someone could be really important to your targeted audience.

GraphEdge and other tools show much promise in figuring out what news orgs need to do with Twitter.  But it's going to take some time and a lot of effort.  Kaushik:  "Be willing to work hard. Be willing to put in the sweat equity. Be willing to try 45 things (tools/metrics/strategies) to find the three that work for you."

Ack!  Forty-five things to find three?  Unfortunately I think (actually, I know) he's right.  I'll be digging into Klout and GraphEdge, but I don't know if I'll be looking into 43 more things.  For news orgs, it might take more than that to find the magic three.

 

Hank Wasiak: “From Mad Man to Twitteraholic”

As he said himself, Hank Wasiak is not Don Draper, but his ten minutes were the highlight for me at the 140 Characters Conference in LA last week.

Wasiak, co-founder of The Concept Farm, said that social media, as a “killer app,” has brought about a fundamental change in the way we do business and in the metrics that define success.  He said companies must have a “mindset makeover” and a “people strategy” to survive.

He was talking about marketing and advertising, but all I could think about was how everything he said applies to news organizations, too.

 

Oh, and he also said that the way we’re teaching is completely outdated.  I agree…I’m going to see if I can take his marketing and advertising class at the USC Marshall School of Business in the spring.

140 characters of engagement

I’ve just gotten back from the 140 Characters Conference in LA where the message, loud and clear and 10 minutes per speaker at a time, was that it’s the quality of your followers that matters, not the quantity.

More reinforcement:  Twitter’s new list function is already prompting “mass unfollowings” (thanks to Mary McKinnon/@bestwebstrategy for this link).

Picture 5 The first #140conf in New York in June was all about the unique communities that Twitter inspired.  The dominant sponsor was Hootsuite, personified by a large owl walking around hugging people.  Ann Curry duked it out with Rick Sanchez.  Wyclef Jean showed up, late of course, but illustrating the importance of authencity.  Attendees bonded over the duct-taped power outlets.

Five months later, it appears that Twitter has…matured.  The speakers in LA weren’t giddy.  The lead sponsor was Kodak, represented by CMO Jeffrey HayzlettPicture 2, a glossy brochure touting Kodak’s “convergence media tactics” and coupons for 15 percent off Kodak products. You can’t have either duct tape or power outlets in the Kodak Theatre (where the Academy Awards are held) so the crowd was often bigger in the lobby than in the auditorium.

I still had fun at #140conf LA – it is Twitter, after all – but the biz talk was pervasive:  strategy, goals, objectives, processes, systems, results, the four Ps and the four Es, one of which was, of course, engagement.

Continue reading “140 characters of engagement”

Analyzing Twitter

I've been scratching at developing some methodology that newsrooms can use for measuring the success of their Twitter strategies for some time now.  Unfortunately, I haven't had much time to really focus on it.  However, a couple of nuggets I saw today reinforce my hypotheses that simple counts of followers and tweets mean very little.  You really need to dig deep and spend the time (sigh) analyzing follower profiles and tweet content. 

Thanks to Mashable today, I've finally found the site that keeps a running count of how many users use Twitter via its web site vs. third-party clients or applications like TweetDeck.  Twitstat currently shows that only 20 percent (!) of Twitter usage comes from the web site.  Now I'm really going to scrutinize the methodology of any reports on Twitter usage.  I suspect most of them – especially the panel researchers like comScore or Nielsen – only capture site traffic.

This stat from iMedia Connection is from September but it's probably still useful.  "Roughly one quarter (24 percent) of Twitter users have never tweeted or
have ceased doing so, according to data from audience measurement firm Crowd Science. That number is very close to the percentage of users who tweet on a daily basis (27 percent)." 

140conf I'm really looking forward to the 140 Characters Conference in Los Angeles next week.  After that I'm sure I'll be inspired to really buckle down and figure this out!