10 Jun

A Brief History of #evalue

#evalue was created in 2012 when #engagementlabs account managers were meeting with CMOs, marketing executives and social media managers to determine what service or product offerings they needed going forward. Clients wanted to know two things: Where they stood in social media and how to justify a social media budget.

Some social media consultants and agencies choose to focus on increasing fans and followers. They do their marketing à la “Mad Men”, thinking that the best strategy lies with traditional advertising and broadcasting their branded message to as many people as possible. #evalue stands out by its refusal to follow this pattern. We believe that sending a branded message to the masses isn’t what’s going to make you stand out. It’s going to make you sound robotic and passé. You need to make the right statement at the right time to the right audience. That’s where we come in.

#evalue was created to provide Social Analytics Software to companies. We all know that many other tools have been created for the exact same purpose however;  what sets us apart is our willingness to change the paradigm to fit our own social media philosophy. The essential question to answer then becomes: “How do I maximize my social media efforts so that I can convert my audience?” Our answer: Empower customers with the right tools, maximize their insights and minimize their time and effort.  That was a tall order. We regrouped with our team and determined that the best social engagement is when dialogue flows to adapt to new challenges and changes.

So, we assembled #evalue to give our customers the means to reach new heights in their social media campaigns. Our tool analyzes data from Facebook, Twitter and YouTube and lets you know exactly where you stand by measuring your efforts against yourself and your competition. We also designed and developed features including our Efficiency Calculator, Trend Analyzer, Optimization Library, Alerts and Social Benchmarking.

We have been in beta for the past little while. We met our users and they told us what we needed to tweak, what we got right and what still wasn’t performing the way they wanted. So we went back to the drawing board and worked our mouse balls off to present a better, shinier version and now, we feel we’re ready. We’re not going to lie. #evalue is pretty sweet.

We’re excited and proud to share this tool, our baby. We want you to check it out, play with it and see the simplicity. We want you to use the tool daily and love it as much as we do.

#evalue team


07 Nov

‘Engagement is a currency…’ Our thought-piece for the #SMWF in NYC this year.

#smwf

Our thoughts on engagement leading up to the Social Media World Forum in New York November 27th and 28th. #engagementlabs is sponsoring this event and our CEO Paul Allard will be presenting on a panel with other  social media thought leaders.

I think most of us planning our trip to the #SMWF will agree that, in 2012, ‘engagement’ is as towering a buzzword as ‘Web 2.0′ or ‘cyberculture’ were in their day. Heck, at #engagementlabs, who are we to point fingers? We’ve taken this buzzword and built our brand on it!

All the same, as ubiquitous as the word is, ‘engagement’ in the mouths of different speakers means so many things that the concept has gathered a lot of fuzz around it. So here’s our attempt to pin it down to some concrete principles.

In the offline world, engagement is a touchy-feely word used in Human Resources and Marketing literature to express the quality of a stronger connection between people and their peers, objects, messages etc. Its meaning is context dependent and it is most often a qualitative rather than quantitative value. It is our impression, that these offline uses of ‘engagement’ often get transposed to the digital setting and muddy the waters.

To those shaping the DNA of social networks, however, engagement is anything but a soft value. It is the heart of a crucial relevancy filter that is instrumental in fighting information overload in settings where thousands if not millions of pieces of content are being exchanged daily.

As we know from all of our stats programs, social networks attribute numeric values to the various expressions of engagement such as likes, comments, retweets etc. To judge what pieces of content or which users deserve more attention than others, algorithms such as Facebook’s EdgeRank have built an elaborate reward system based on the number of recorded ‘engagements’ that content and users were creating.

Basically, it’s all mathematics. The more you accumulate engagement points, the more you will be seen. Conversely, broadcast content without engagement and you are throwing money at an inefficient use of social networks.

For the marketer, always a numbers fan, engagement as mathematics should be a reassuring image. The only tricks are how to measure it accurately across social media platforms and how to adjust content and strategy to make sure you are getting all the reach you can out of social networks. In other words, optimising for social.

On the measurement side, there are now tools which tap into social network APIs and tell you immediately how much engagement you are generating relative to your community size. These kind of interpretive results are key because, at a certain size, all communities look like they are generating engagement. The question is, how much is enough? The answers lies in benchmarking your communities’ score against that of competitors in your sector to see if you are ‘winning the engagement battle’.

On the content side, the key is to start real social media conversations that answer to your target audience’s first order concerns and create genuine scenarios for interaction. Social networks are designed to be peer to peer conduits for multidirectional conversation, not broadcast. Brands must monitor actively and seek out the conversation opportunities that give their public an active role in the exchange. If you are a brand that refuses to listen to your audience and instead, tries to push fluff on your audience day after day, you can kiss your engagement (and a solid ROI) goodbye.

Tom Liacas.
@tomliacas
is the Co-Founder and Chief Strategist at #engagementlabs


24 Oct

Parta Dialogue Counters WPP and Ogilvy’s Stance on Facebook’s New Edgerank Algorithm

MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO, MEXICO and PARIS, FRANCE–(Marketwire – Oct. 24, 2012) – Parta Dialogue (TSX VENTURE:PAD) (“PARTA” or the “Company”), experts in Social Campaign Optimization and Social Learning, issues comments from Tom Liacas, its Chief Social Media Strategist, on the widely reported changes to Facebook’s Edgerank algorithm, that has global advertising giants up in arms.

This past September, Facebook made adjustments to its Edgerank algorithm, the mechanism that determines how often and how prominently content from different sources appears on a given user’s wall. Given the fact that some global brands have spent millions buying ‘likes’ for their Facebook Pages and that the new changes in Edgerank dramatically affect the reach of branded content, they have been publicly decried by advertising execs, notably those at Ogilvy and WPP.

Tom Liacas, Chief Strategist of Parta Dialogue’s #engagementlabs division, welcomes the changes. “At #engagementlabs, we have always maintained that the best ROI from social media efforts is achieved when money is put on engagement strategy rather than paid audience acquisition. Social media is a conversational medium so it is only natural that Facebook seeks to further reward content that generates interactions between users and give less reach to promotional messaging,” states Liacas.

Liacas points to results obtained from Parta Dialogue’s eValue™ Social Media ROI Suite, a software as a service tool currently measuring the performance of over 20,000 corporate Facebook accounts. “Time and again, results show that a smaller Facebook community, if it generates high levels of engagement, can outperform a much larger community. As brands pay more and more to reach the same audiences, engagement is the only variable that can be used to measure the cost-efficiency of social media campaigns,” states Liacas.

More information on the eValue™ Social Media ROI Suite can be found at the following address: http://www.evaluesuite.com

About Parta

Parta offers Social Media and Social Learning solutions to its clients from offices in Montreal, Toronto, Paris and Mexico and is the developer of leading eValue™ Social Media ROI Suite: www.evaluesuite.com

Many visionary businesses already employ Parta’s solutions for internal and external online engagement. Among these are Renault, Orange, Michelin, Hydro-Québec, Iusacell (Mexico), Dassault Systems, Nestlé Waters and Crédit Agricole. www.partadialogue.com
PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates through two subsidiaries:

#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.

edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.

Other Information

Completion of the acquisition of M30 has received conditional approval from the TSX Venture Exchange Inc. but the TSX-V has in no way passed upon the merits of the acquisition of M30 and has neither approved nor disapproved the contents of this press release.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Contact Information

Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245
paul.allard@partadialogue.com

Tom Liacas, VP Social Media
Parta Dialogue Inc.
+1 (514) 771-5120
tom.liacas@partadialogue.com


09 Oct

Can you Measure the ROI of your mother? We think so!

Social media pundit Gary Vaynerchuk famously asked – “What’s the ROI of your mother?” implying that the benefits of doing social media well for business are real, but hard to quantify. At #engagementlabs, we beg to differ. Not to say that we don’t think a mother’s love is priceless. Just that, if you had to, you could come up with some concrete factors that support the higher value you attribute to your mother over some stranger passing you on the street. Points could be attributed to the various factors that make mom so lovable and, before you know it, you would have an ‘emotional value meter’ that you could apply to just about anyone in your life. Sound weird? Well, on Facebook, an algorithm like this is busy every second calculating the value of shared content by the comments and likes, in short the love, it receives. The more people are seen to value the content, the more it gets seen by others.

At #engagementlabs, we have modeled the eValue Social Media ROI Suite on the logic used by social networks to calculate engagement to measure whether or not a company’s social efforts are getting the returns they deserve. See what it’s all about here: http://www.evaluesuite.com/

In the video below, you can hear our Managing Director Tom Liacas defending the necessity of social media ROI calculation at the 140 Conference in Montreal this past summer.


30 Jul

eValue-ating The Canadian Automotive Sector

Nothing makes me happier than driving down the highway in my 1982 Toyota Cressida. I have pictures of my sweet yet reliable car all over my Facebook page. People love showing off their sick set of wheels. But which ride reigns supreme online? Well eValue has got you covered with our suite of Social Media ROI tools. Check out our report on the Canadian automotive sector. Leave a comment below, and lets us know how high your whip ranks.


17 Jul

Global vs Regional Pages The Battle for Engagement

All international companies eventually come across one question: should I localize efforts or have a global strategy? Many of these companies opt for having a different social media account for each of the major countries or regions in which they are present, each with its own local news or promotions. Others choose to have a global account with general information. The first step in deciding which path to take and how to create the proper mix is to define your company’s goals. Both scenarios offer different benefits for organizations; a localized approach can provide a deeper relationship with customers as you understand their specific needs, while a general approach shows brand unity and consistency, elevating trust in consumer minds.

Not only are sales affected, but engagement too. Usually regional or local accounts have a smaller number of followers, yet the community has higher levels of engagement. Global accounts are easier to find by people than regional ones and carry a lot more subscribers. True, given the vast amount of followers, there will always be conversations happening and the account will look very active, however, proportionately they usually don’t have as much engagement as local ones and conversations focus on very generic topics, sometimes even unrelated to the brand. So should the company build on a smaller community with a higher engagement or go for the big numbers? We have analyzed different products and services from a variety of industries to gain some insights on the subject.

Greenpeace International has an eValue score of 49 on its Facebook page, while eight of its regional pages have an average score of 85. At a first glance the decision seems clear: let’s close the global one and open a couple regionals instead. Well, the Greenpeace International page has 1.1million subscribers, while the Greenpeace Deutschland page (with an eValue score of 95) has little over 60 thousand; not such a simple choice now. Without a doubt the final decision should be based on the company’s specific goals. A higher number of fans or followers will certainly boost awareness scores, and that is always the place to start, but what will you do once they’re aware of your existence?

Greenpeace proved local accounts drive more engagement. Now let’s take an example from the auto industry, which is extremely active on social media: Honda. Out of 19 regional Facebook accounts studied, the lowest eValue score registered is 51 for Honda Turkey. The generic Honda page has a very low eValue score of only 9, still consistent with our theory of local accounts being more efficient engagementwise. Why is this happening? First we have to keep in mind that having both regional and global pages actually creates competition for yourself, especially when having that many different ones. A lot of people won’t follow your brand on 5 different places, and more importantly, they won’t comment 5 times. They’ll choose the one that is closest to their interests and focus their attention on it. It’s general reasoning that if you follow the same brand at different places, you’ll get similar posts from it and you don’t want to clog your timeline with repeated content. Sadly this came to be after a lot of brands actually practiced, and still do, this huge mistake. Having regional accounts might backfire on your global account and steal fans and interaction from it. If your company has both types of pages make sure there’s a very notorious distinction between their content.

Regional accounts might seem to be a better investment since they result in higher engagement, but it’s not always the case. Brands need to consider which regions actually have a market interested in their products. Take Nike Football for example, their India Facebook page only scores an 18 on eValue. This proves either poor community management or a lack of regional interest. On the other hand, Nike Football Turkey or Israel both have scores above the 80’s. People from India who are actually interested in the subject and are looking for a more engaging community are most probably not going to look into Turkey’s page though, and here’s also where the global page comes into action: to provide a space for those who don’t fit into a region or look for more than what their regional page offers.

In summary, both regional and global accounts serve their unique purpose and a perfect scenario involves a balance between them. The crucial point for deciding on how much effort to put towards each path, is to review your company’s goals and current situation. Regional accounts will help deepen consumer relationships and therefore increase brand loyalty. Global accounts will boost brand awareness, and have a wider reach, providing a space for consumers who don’t fit in regional divisions.


27 Jun

eValue-ating Canadian Department Stores

I love department stores. They’re the only place you can walk-in and get a dress shirt, a jug of milk, and winter tires at 6pm on a Wednesday on your way home from work. However, not all big box department stores are created equal. But thanks to our eValue Social Media ROI suite, we were able to calculate which ones are on top of the social media ladder. Check out our latest report on several Canadian department stores and let us know what you think. Did your favorite brand make the cut?


07 Jun

eValue-ating Euro 2012 Sponsors

What a great Euro this year! Everywhere you looked you’d see people glued to a TV screen in anticipation of the next gooooaaalllllll! The sportsmanship, the pageantry, the headbutts, it was all a sight to see. But what you couldn’t help but see was all the amazing sponsorship around Euro. They made me want to put on my Adidas and kick a ball around while drinking an ice cold Coca-Cola. Sport sponsors are nothing new, but interacting online with their soccer hungry fans is. We used our eValue Social Media ROI suite to find out which Euro sponsors did it the best this year. So here is our report on Euro 2012 sponsors.

Check out the full report using our eValue Suite:
View more presentations from Engagement Labs

30 May

eValue-ating The Canadian Banking Sector

Online banking has changed my life. Gone are the days of rushing to the bank after work to pay bills, or transfer money. Nowadays every financial institution has some form of online banking. But some have become more sophisticated than others. An easy way to tell is by looking at their online presence. We used our eValue Social Media ROI suite to measure different banks online engagement. Check out our report to see which bank came out on top.

Here is a full detailed report using our eValue Suite:
View more presentations from Engagement Labs