The Social ROI Expectations Game

This month Digiday will examine how the modern brand tackles the thorny issue of social media return on investment. It’s no longer good enough for brands to guesstimate what’s working and what’s not in social. This is the third in a four-part series where we highlight how major marketers are gauging their social efforts. The series is made possible through the sponsorship of RocketFuel, a provider of artificial intelligence-based advertising products.

The social media ROI question has turned into digital media’s version of “Who lost China?” But for the most part, top marketers agree that social media, just like any other channel, is measurable if a company knows what it’s doing. Too often, that’s not the case, particularly since many different constituencies are involved in social, which then leads to finger pointing.

Adam Kmiec, head of social media at Campbell’s, believes it’s time marketers take more responsibility for getting the most out of their social efforts — and have realistic expectations for what it can and cannot accomplish.

If social ROI isn’t a real problem, then why are so many marketers complaining about it?
If you spend $10 million in TV and $100,000 in Facebook ads, you’re simply not going to feel the impact of our social spend. It’s the equivalent of me wondering why the one salad a year I eat didn’t impact my annual physical. We’re dissatisfied with social ROI for a number of reasons, but the biggest problem is our expectations. If we want to really prove that social can work, we need to start testing and learning at scale. To do that, we need to fund social the right way, instead of simply hoping our video on YouTube is seen.

What are brands getting wrong in social?
Brands spend too much time reading points of view from people like me, instead of getting the right people in a room to talk about how they want to make social part of their organization. If you want real answers, they’re going to come from the people who know your business and customer best, not from a social media-for-dummies book.

Is social media breeding a new species of consumers that are hoping to get stuff for free? Let’s call them the social media whiners.
I think social is breeding a whole new species of people with higher expectations. It’s not about free “stuff.” You can’t scale turning every frown into a smile. The organizations I admire in social, don’t focus on the loudest complainer, they focus on doing what’s right.

What’s the hardest part of your job as Campbell’s social media chief?
I love my job. Great company, wicked smart people and awesome brands. I mean, who doesn’t love Chicken Soup and Goldfish? The biggest challenge I face is the perception of what a global head of digital and social is supposed to “do.” In many organizations, these roles have never existed before. A major misconception is that I’m focused on increasing digital and social spending. We’re not focused on simply adding on social media to our brands. We’re not focused on bolting digital onto our campaigns. We’re not focused on spending more. We’re focused on cultural change. You don’t become a digitally fit company that’s wired for speed, overnight. It takes time. But becoming the most digitally fit CPG in the world will enable us to match the tempo of our consumers and the digital world.

https://staging.digiday.com/?p=22455

More in Marketing

What TikTok’s e-commerce launch could mean for marketers and content creators

TikTok has officially launched its new e-commerce platform, TikTok Shop, earlier this month on August 1. Using the new e-commerce platform, brands and creators can sell products directly on the platform, potentially creating new revenue streams, and tap into the short-form video platform’s growing popularity.

‘The influencer industry can be really vile’: Confessions of an influencer marketer on the industry’s unfair hiring practices

While the influencer industry might sound exciting and like it’s full of opportunities, one marketer can vouch for the horrific scenarios that still take place behind the scenes.

Digiday+ Research: Marketers said revenue grew in the last year, with more growth expected ahead

After a tumultuous 12 months, marketers are getting a clear picture of how they really did during a time of true uncertainty. And, as it turns out, it wasn’t all that bad.