Video Posts

Episode 69 – Social Media ROI – Are we still discussing this?

6 Comments 09 December 2010

Why must we attribute the ROI of social media directly to leads and sales?  I’m just not following the argument or the logic.  Many of us network with others, belong to the Chamber of Commerce or other group, and socialize with our vendors and peers.  What’s the ROI for those activities and/or memberships?  Do we measure it, or do we just know the time and money invested is worth while?  No one wants to waste valuable time and money, but I think many of us know and agree some of the most successful people we know have built their careers and reputation by connecting with others, sharing stories, and building relationships.  Somehow, however, once we touch a mouse and a keyboard the efforts become a marketing expense that we insist on measuring like advertising.  It’s not the same, and it’s frustrating to think we can’t get beyond this.

And here’s the link to the discussion that set off this rant.

  • http://twitter.com/BSitko BSitko

    Excellent video Mark. Nailed. I agree 100%. It’s funny because I went back into the thread in question and re-read it from the beginning; trying to figure out how things got out of hand so to speak. It’s all Tim’s fault. :) I’m not going to rehash the points in your video but take ROI, crumple it up into a ball and throw it into the trash can. Worthless. What’s the ROI of taking a group of bankers golfing?

    Okay… okay.. I can’t type anymore about this it hurts my fingers.

  • Kim Cory

    FINALLY!!!! Thank You Mark for being “Real” Oh hey btw I am adding up the value right now and tracking tweets, DM’s, emails, FB post, etc. on how much time I have spent getting to know you and if getting to know you has made me more profitable. Better yet have you brought me more exposure? Anyway so glad some view newtworking and friendships as metrics & not PEOPLE! Glad we have connceted online and off line this past year…it has been rewarding as well as meaningful.

    • http://www.markjuleen.com Mark Juleen

      Thanks for the support. The proof I have that it works is that I’m doing it. Not trying it, or experimenting. Doing. It’s been great connecting with you and so many others. Those connections are my ROI.

  • http://www.markjuleen.com Mark Juleen

    It’s all Tim’s fault. I think I’ll just stick with that. :) . Thanks for the support Bill!

  • Krista Castillo

    This was right on point! I’m sure your intention wasn’t to be funny, but you delivered a true “laugh out loud” moment toward the end. You started off in your car in a stationary position and as you began ranting…you started driving; then as your rant began to gain speed, you began driving FASTER. At one point you went over a bump or something–objects were flying by in your mirror and reflection of your glasses. It was funny. . . . (or maybe I’m just identifying with the crazy tap-dance we all must do on ROI for social media.) ;)

    Krista Castillo

    Kudos on a great video!!

  • http://www.markjuleen.com Mark Juleen

    I hope people can see some amusement in my rantings. This is supposed to be fun. Thanks for the comment and for following!

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