Entries tagged with “roi”.


Direct ROI from social media, such as tracking someone from a review page to your booking engine is only one small component of the overall ROI.  Your analytic program can find the dollar amount in those conversions incredibly efficiently.  You can even have a graph.  I like graphs, and charts. and lots and lots of data… great stuff.

But frankly, I am nearly done with the ROI conversation (except that my clients are not there yet, so here we go again). It is IMPOSSIBLE to measure EVERY aspect of how valuable it is, at least so far.  We can provide relevant insight into what we are doing from time to time, sort of like taking a snapshot of an electron.  What we show you now might not be what we are working on in the next nanosecond, but you can see one scintillating aspect of how we build your brand, create business, and return on your investment with us “hired gun” online concierges.  I am (more…)

This was a real treat to start my day… somehow in my manic attempt to track stuff for all my clients, I missed something that involved what *I* am doing for them!  I remember deleting this alert as well, so shame on me!

Post Ranch Inn twitters well!

http://www.hotelchatter.com/story/2009/1/14/114310/100/hotels/Hotels_That_Twitter_and_Twitter_Well

Thanks Hotel Chatter, VERY MUCH!  I really appreciate it.  A lot.

What’s more, I have something very exciting to share with all you hotel people trying to understand social media.  I know you… REALLY well.  I don’t think this is an ROI conversation.  I see this as a new job like an “online concierge”.  Just another cost of running a business about guest experience.  What I am doing already has garnered rave guest comments, and people are identifying with the properties because of how I reach out to them, earnestly, enthusiastic and participatory.  Eventually certain hotels will need to hire a FT manager, while smaller properties will need to delegate this experience as part of the job duties.  If anyone sees “social media management” in a job description, let me know!

Until then, I am seeing demonstrable ROI from twitter.  For the Stanford Terrace Inn, a cute retro eco-hotel I work with in Palo Alto / Silicon Valley, I have actually converted online twitterers talking about hotels and asking about Palo Alto properties.  It has happened a couple times now, and with one having stayed 8 nights…. that paid for their investment in me.

Of course, twitter is a very small component of a much bigger picture.  But it is fun, it is changing the way business happens (all social media is), and it is an honour to be part of all this.

Whatever the case, I hope my words and thoughts are continually intriguing or stimulating.  But I just wanted a moment of time to have a little press time for me!  Sorry about the congratulatory scratching of thine own back.

Back to the hotel biz!  Or Social Media biz!  Or BOTH!

Just kidding.  But get past it.  It is no longer an issue of money preventing you from getting to social media.  Because social media, whether you like it or not, is getting to you (yes a double entendre – it is effecting your brand, as well as driving many of us nuts).  So stop pining for hard graphs and data all of us skeptics desire, and realize this is a new concierge and you gotta foot the bill or get eaten up!

Enough scary “make the first sentences interesting nonsense”.  Let’s talk shop.

I really think you can take steps to make *parts* of it measurable… but you will never fully measure it.  Just like print “impressions”.  I never trusted print media and how you measure impressions to begin with.  Forcing your product in front of a face via TV or print ads doesn’t necessarily mean you are doing a good job reaching consumers.  Social media is even more difficult measure.  Ad revenue modeled network sites are not monetizing even the strongest of networks (think youtube, facebook, yelp, linkedin: not one is profitable).

There are so many of these articles about social media and ROI, such as this, this, and this.  They are all fantastic articles to be sure, but I think even talking about ROI might be lofty at this stage.  As much of the massive print media campaign budget moves into the online realm, some of that money can be dedicated to a Social Media Optimizer (SMO or whatever you want to call it), and you utilize that person with the same mentality as a concierge or doorman.  It is someone that provides a face to the hotel, added value proposition, and brands the image in the mind of the guest.  But the person handling your social media needs to be adept and deft.  Hell, I thought I was getting good at this, and I still get overwhelmed with the complexity in how to most appropriately handle responses.

But, the issue isn’t traditional ROI anymore.  The issue is the return on ignoring social media, possibly the return on influence It is about learning what you can about social media.  There are endless fantastic articles out there.  Like this Frause article “It’s okay to be anti-social“, which provide simple, concise explanations for the old school marketers eager to catch up!

But it is obviously not about social media and ROI anymore.  At least, not to the same degree.  Now, it seems there has been an awakening to the necessity of joining in, engaging the consumer, and starting a conversation.

Some say, ENGAGE OR DIE!

I just say that this is a lovely opportunity to really listen to consumers (filtering out the annoying nonsense we all need to ignore)… to really connect, and help your brand identify with the consumers that you want.  It is a fantastic tool that is still in its infancy…. and we should all stay as informed and learning on the way.

So… you can’t ignore it.  And it will cost you more in the long run to not participate in this “happening” where carefully manipulated brand images will become vastly more intricate and complex in their control, while real power has begun to transfer to the consumer for the first time in the history of marketing and advertising.  Actually… it might be the first time the consumer or public has had such a tool to really take back power from an elite class manipulating their own image.

This might be a bit much, but I can say this…. learn, join in, and enjoy!  Let employees on all levels of the property join in as well.  Tell them to post appropriate youtubes videos involving work.  Let them join in and twitter.  Of course front line employees will need to do this back of house, but the more your brand is included in the social media conversation… casually, naturally… without forcing it or being manipulative… the better presence and awareness people will have of your brand.

As for the cost in having someone manage this?  It may be more than a line employee.  It needs to be someone savvy, with the interest of the brand primary in their mind.  From excitement about a guest having a good time, to intelligent damage control, it is likely they won’t be an hourly employee.

There are, of course, talented and incredibly capable hotel social media consultants that can help with this.  Like me!

If you cannot afford anyone in these times (an obvious possibility), you might have to do some late night self training, and start logging into these places and developing yourself as the brand image and take care of it.  If not, it might be possible to distribute the responsibility across management.  Have rooms handle tripadvisor, and the restaurant handle yelp.  Split tasks and quiz the employee population and see who is excited about social media.  The sales assistant or HR rep already logging into facebook during work hours might be that person!

If someone on your staff seems excited, you could possibly get them involved, helping to bolster their identity with the company… resulting in staff retention… which is ROI right there!

Ha I proved it!

Whatever the case… get past the ROI conversation, get involved, be yourself, and have fun!