What a thoughtful and thought-provoking post. I find the question about evaluation particularly challenging. While this post (and Craig’s questions) are about social marketing in general, and not social/new media tools, one of the things that I love about new media is that the tools themselves provide qualitative feedback to evaluate reach and impact (though we continue to be challenged by outcomes).
Oh, and thanks for mentioning AIDS.gov. You’re quite the innovator yourself, so the feeling is mutual!
Cheers,
mss
p.s., Glad you met my colleague, Michele…and I hope to meet you in person sometime soon.
]]>@Craig Thanks Craig. As I said, these are my “humble” thoughts. 😉 I hope it gets other thinking and discussing as well, both on- and off-line.
I agree that it would be an excellent graduate project!…the monetization aspect of social marketing efforts, and perhaps formulating some sort of benchmarks or formula that expresses amount spent vs. impact made. In essence, to truly capture more of what a $1 more really can do in influencing the behavior barometer. Perhaps, this would also be a convincing argument for more parties to take note, get involved, and apply knowledge gained from the social marketing field.
]]>I found question #2 to be a real Achilles Heel for the field and the BIG opportunity when I answered it and later thought more about it. I though about ‘size of market’ in terms of the amount of money that is invested in social marketing programs around the world. My first of the cuff response was about $500,000,000/year. Afterwards, some back of the envelope estimates make me think it is WAY much more than that. I am hoping a couple of my students will take on the project this semester of trying to come up with a better answer to the question. If anyone has some figures (and back-up) for what agencies, countries or donors spend on social marketing efforts, I am very interested in the answers.
]]>Thanks so much for mentioning Radian6. Much appreciated.
Evaluation of social media efforts is every bit as important as it is in any other business endeavor; understanding what you’re hoping to achieve through social marketing and tying specific metrics to that is really key to measuring success. And while relationships in themselves are hard to quantify, the results and paths of those relationships are much easier to track thanks to the digital footprints we leave across the social web today.
Thanks for the post, and cheers!
Amber Naslund
Director of Community | Radian6
@AmberCadabra