Analytics and social media ROI is a topic garnering a lot of attention recently, and for good reason.
Many of us in higher education have seen our leadership move beyond the “we have to be on Facebook/Twitter/LinkedIn!” phase and into the “wait, what are we getting from the resources we’re spending?” mode.
Some of the more interesting recent chatter about social media ROI includes:
Earlier this month HootSuite joined the measurement party by launching HootSuite Social Analytics. I took a deeper dive into this new analytics platform in the past few weeks to provide a report card on the company’s offerings. (Full disclosure: I am a HootSuite user).
Below are my grades for HootSuite Social Analytics. After the jump you can see a Q&A with HootSuite CEO Ryan Holmes, who was good enough to respond to several questions about the new product. Thanks to HootSuite’s @ashjbee and @daveohoots for their help with this article.
The HootSuite Analytics Report Card
Usability: A -
HootSuite’s quick reports allow you to create simple presentations from Owl.ly statistics, Facebook Insights, and Google Analytics. The platform’s custom reports allows for some more advanced results.
It didn’t take me long to figure out how to create custom reports. The four step process includes: 1) Select report type (From five options); 2) Choose profile (Twitter / Facebook / Google Analytics); 3) Add report “modules” (Rollovers provide at a glance descriptions); and 4) Select your email scheduling preferences and create a report.
I found the interface to be very intuitive and user-friendly. The only thing that threw me off a bit was the point system associated with the reports (more on this below).
Functionality: B
After some testing I ultimately created two basic reports, one for the Facebook page I manage and one for the Twitter account. These two reports used up my monthly point allocation.
If you do go “Pro” and use Social Analytics you will find yourself having to do some testing to develop the optimal report(s) for your needs within the pricing structure. Don’t forget about the quick reports option, which is free and may be able to meet your needs in a pinch.
I would like to see some LinkedIn group analytics; there are none at this point. CEO Ryan Holmes says HootSuite will “keep our eyes open for additional ways to work with LinkedIn,” but in reality LinkedIn is in the driver’s seat and can choose how much information to share.
Cost: C
The pricing model is certainly the biggest disappointment with HootSuite Analytics and has drawn the most comments and questions from HootSuite users.
Upgrading to HootSuite Pro (at $5.99 a month) provides you with 50 monthly points to allocate toward creating reports. Most “modules” that you include in a report have a cost associated with them, as do report templates, so you can quickly go through your point allocation. I found was that I could either create one very in-depth report for a particular profile (e.g. Facebook / Twitter) or two pretty good reports for the basic monthly cost. I chose to go with a pretty good report for both Facebook and Twitter.
According to Mr. Holmes the company surveyed users before selecting the current pricing model. “The ‘a la carte’ points system provided the best way to offer enhanced analytics tools to most users by allowing custom-tailored reports for their particular analytics needs,” Mr. Holmes wrote.
You can purchase more points to create additional custom reports – at the very steep cost of $50/month – or try to generate a report through the free quick report system. A lot of the same data are available on each individual platform – Facebook Insights or Google Analytics for example – but there certainly are benefits to the user from having a single analytics platform.
The Overall Grade: B / B+
If you are a HootSuite user, like the product, and have a need for some basic reporting I suggest upgrading to HootSuite Pro and creating some sample reports. (Please note: there is a 30-day free trial for pro accounts so its worth testing out).
I think the points pricing system is unnecessarily confusing, but hopefully that is something that HootSuite will look at down the road. I also think additional functionality – like more information from LinkedIn and additional tools related to user sentiment and affiliation would be useful.
You can read the full text of our Q&A with HootSuite CEO Ryan Holmes about HootSuite Analytics after the jump. (Q&A edited slightly for clarity).
Read the rest…