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Nuts & Bolts - Book Club : Which Metrics Are Right for You?

June 2009 By Melissa Ward
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“What value do we get for the money we spend on marketing?” is the often dreaded question senior executives and chief financial officers ask their marketing departments. In this economy, improved marketing performance measurement is a top goal.

In an effort to help marketing departments successfully answer the aforementioned question and then some, David M. Raab—a principal at Raab Associates, a consulting firm specializing in marketing technology and analysis—wrote his latest book, “The Marketing Performance Measurement Toolkit.”

Raab writes, “It’s easy to build lists of metrics. The challenge is picking the right ones for your business.”

From its introduction to its index, Raab’s book follows the format of his consulting engagements, walking readers through how to build a marketing performance measurement system from the initial project to deployment.

Raab also devotes more than 50 pages of the book’s appendix to sample metrics, ranging from corporate metrics (financial, brand, product, etc.) to channel metrics (brand advertising, direct marketing, Internet, etc.), allowing marketers to pick and choose the most relevant measurements for their particular projects.

As an added bonus, the worksheets from the book are available online at http://raabassociatesinc.com/mpm-toolkit. Instead of marking up the book or wasting time trying to make decent copies of the pages, marketers can download whatever worksheets they need and easily share them with colleagues.

Clearly and concisely written, “The Marketing Performance Measurement Toolkit” lives up to its name. Just as you would go to the garage to get your hammer out of your toolkit, marketers will pick up Raab’s book to determine the specific metrics they need to ensure successful projects.


 

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FROM THE BOOKSTORE

<P>“Blanchard is demanding. He won’t allow you to flip through this book, nod your head, and leave. If you’re in, you’re going to have to invest to get your rewards.” <BR><STRONG>--Chris Brogan</STRONG>, president of Human Business Works <BR><BR>“Social media isn’t inexpensive; it’s different expensive. The human effort required to do it right is significant, and not knowing precisely how social media helps your business and how to gauge that progress is a dereliction of duty. In <EM>Social Media ROI</EM>, Blanchard provides the missing playbook for sensible, sustainable, profitable social communication. It’s about time.” <BR><STRONG>--Jay Baer</STRONG>, coauthor of <EM>The NOW Revolution: 7 Shifts to Make Your Business Faster, Smarter, and More Social <BR></EM><BR>“<EM>Social Media ROI</EM> gets down to the heart of the matter: How will social communications positively impact my organizational goals? Olivier takes us through a journey starting from the start, creating a strategy to achieve objectives, and in turn, the means to measure return on investment. If you want to get serious about online communications, you can’t go wrong with <EM>Social Media ROI</EM>.” <BR><STRONG>--Geoff Livingston</STRONG>, author of <EM>Welcome to the Fifth Estate</EM> and <EM>Now Is Gone</EM> <BR><BR>“Olivier explains the intricacies of building a social media-influenced company for every layman to understand. It is important to understand reach, attention, and influence for social media ROI. This is the book to help with that understanding.” <BR><STRONG>--Kyle Lacy</STRONG>, principal at MindFrame (yourmindframe.com) and author of <EM>Branding Yourself <BR></EM><BR>“Ladies and gentlemen, the social media code has officially been cracked. In <EM>Social Media ROI</EM>, Blanchard reveals how companies can apply the massive power of social media to achieve equally massive results. Incredibly practical, yet supremely enjoyable, this book offers a clear roadmap to growing your revenue in the dizzying world of tweets and retweets, likes and shares, connections and comments.” <BR><STRONG>--Sally Hogshead</STRONG>, author of <EM>Fascinate: Your 7 Triggers to Persuasion and Captivation</EM> <BR><BR>“If you know Olivier, you know he goes beyond the bullshit. He ‘gets it.’ This book will put you in the mindset to successfully plan and achieve real business objectives with social media. It’s a hard fact that good business decisions depend on real results. Olivier avoids the fluff with clear-cut ideas that will help you produce results.” <BR><STRONG>--Brandon Prebynski</STRONG>, social media strategist <BR><BR><STRONG>Use Social and Viral Technologies to Supercharge Your Customer Service! <BR></STRONG><BR>Use this book to bring true business discipline to your social media program and align with your organization’s goals. Top branding and marketing expert Olivier Blanchard brings together new best practices for strategy, planning, execution, measurement, analysis, and optimization. You will learn how to define the financial and nonfinancial business impacts you are aiming for--and achieve them. <EM>Social Media ROI</EM> delivers practical solutions for everything from structuring programs to attracting followers, defining metrics to managing crises. Whether you are in a startup or a global enterprise, this book will help you gain more value from every dime you invest in social media. </P> Social Media ROI

“Blanchard is demanding. He won’t allow you to flip through this book, nod your head, and leave. If you’re in, you’re going to have to invest to get your rewards.”
--Chris Brogan, president of Human Business Works

“Social media isn’t inexpensive; it’s different expensive. The human effort required to do


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