"Social networking analysis meets web analytics meets marketing effectiveness" was posted by Marianina Manning and received 12 commented
jheuristic said,         
July 2 2007

See value networks.

http://www.value-networks.com/

-j

judah said,         
July 2 2007

Hello Marianina,

Interesting post. I tend to agree! :) Have you seen Pay Per Post? My colleague Ted Murphy created it–it’s very controversial. But it is an example of site that combines social media with web analytics to drive their revenue model.

What MIT is doing is quite interesting indeed. It’s really laying down a framework for understanding confluence across a social network. I see uses for customer acquisition and loyalty programs…

Your mention of widgets is a good talking point too… how are we going to measure them across sites? Will API’s be developed for getting data from widgets across sites? Your blogging brings up some excellent thinking/talking points. :)

Keep it up!

Judah

Mike said,         
July 2 2007

Great post. I agree with this analysis and predict the future to join them together thoroughly.

Deora said,         
July 3 2007

Hello,
Is there any tool which I can use to measure the social network based result.
I have been using google for web analytics, will check with them, what they have to offer.

Marianina Chaplin said,         
July 3 2007

Deora,
Thanks for your question. I am not sure that your exact question is though. Would you like to see how many visitors come to your site from social networks? I am not sure what Gostats offer. However, as far as I know all analytics solutions (including Google Analytics and statcounter – which are both free) offer the ability to drill down on your visitors by referring sources ie the site that originally sent them to your site. In this case, filter your search by looking up facebook or myspace etc within referring sources and you will be able to see incoming traffic/visits from social networks. Hope this answers your question – let me know if it doesn’t.

Mike,
Thanks so much for the positive feedback and glad we are of the same mind!

Judah,
Thanks for your informative and thoughtful comment that has really added to the value of the blog post. I hadn’t actually heard of pay per post – but blogvertise does the same thin (definitely controversial). Understanding true influence of informal exchange/comment flow (when we have so many spammy exchanges that need to be ignored) is going to be tricky. And I still am completely unaware of how mainstream web analytics solutions will incorporate these ideas/ways of measuring into their offerings.
Thanks for your feedback!

John (jheuristic),
Value networks do seem to be a thorough way of analysing actual company performance because they measure financial values as well as the informal exchanges/comment flow – which is very interesting indeed how to link these in a meaningful way. Thanks for your contribution – much appreciated.

yung said,         
July 4 2007

Great post.

Christian Vermehren said,         
July 4 2007

Hi Marianina,

Thanks for an interesting post! I also find it interesting to explore how social network analysis can be combined or merged with web analytics. At the outset, however, it seems to me that there are some fundamental barriers to this potential merger.

The reason is that web analytics (as it is practiced on traditional, non-social websites) is primarily concerned with how visitors interact with the website, whereas social network analysis focuses on how individuals interact with each other. As such social networks require a fundamentally different analytical approach – an approach which goes beyond click stream analysis and which is much more sociological in its orientation.

The question here is much more how people position themselves relative to each other by means of what they write about, how they write, how often they write and, of course, to whom the link and receive links, to whom they leave comments etc.

It seems clear that social network analysis can be enhanced by web analytics, but it is less clear to me how web analytics of traditional websites can benefit from social network analysis.

Marianina Chaplin said,         
July 5 2007

Yung,
Thanks so much for reading and commenting.

Christian,
Thanks so much for a very thoughtful and insightful comment. However, I believe that web analytics is moving more into marketing performance management and as company’s begin to use social networks as part of their marketing arsenal, it will become ever more important to measure the impact that these social networks are having on their business. For example, a traditional web analytics solution could develop a tool to track usage of a widget on a social network such as facebook’s open api. The idea of confluence on loyalty/discount card as well. Tracking how informal exchange/comment flow and the influencers/those will social capital, and their subsequent (if any) impact on a company’s conversion rate (financial values) will be more tricky (value network analysis is also interesting in this regard) – but I do believe that this is one of the ways of the future.

Attempting to evaluate the worth of social networks at pixelblog said,         
July 10 2007

[...] Marianina Chaplin, over at Web Analytics Princess, has written a couple of very interesting posts on “Social networking analysis meets web analytics meets marketing effectiveness” & also “Value networking analysis versus social networking analysis“, along with a link through to the Value Networks Consortium articles. [...]

pixelpod said,         
July 11 2007

Hi Marianina,

Very interesting post and one that got me very excited on my own blog about measuring the aspects of social networking and improving what’s already there. Good luck on getting there and I wish you all the best.

jheuristic said,         
July 11 2007

Hi –

See this event –

Web Mining and Social Network Analysis

http://kmblogs.com/public/item/174497

Cheers,

-j

Social Media Analysis « ditigal ramblings said,         
August 15 2007

[...] Social Media Analysis Marianina Chaplin, over at Web Analytics Princess, has written a couple of very interesting posts on “Social networking analysis meets web analytics meets marketing effectiveness” & also “Value networking analysis versus social networking analysis“, along with a link through to the Value Networks Consortium articles. [...]

Sorry, the comment area is Closed or not available to non-members

Introduction

With web analytics, we can transform the way we see and act on our marketing performance to make it, our site and conversion rates better. My blog shares my experiences on how to get good insights and put them into action.

Tags

Subscribe

    Add to Technorati Favorites
  • Add to My Yahoo!

Calendar

July 2007
M T W T F S S
« Jun   Aug »
 1
2345678
9101112131415
16171819202122
23242526272829
3031