We have seen social media take a new and increasing role in the word-of-mouth (WOM) consumer influence paradigm; word of mouth traditionally meant consumers speaking directly to one another and sharing experiences with products or services which have had an impact on their lives (good or bad).  Of course, communication between people (most of which may be potential consumers) is what social media is all about. This is one of the reasons why social media is so interesting for marketers; a consumer hearing a recommendation (or negative comment) from a friend or acquaintance can be so much more powerful and authentic than a company communication.

Not only does social media offer a medium where consumers can share potent product and service experiences, but the range is impressive as well….the definition of ‘friend’ or ‘acquaintance’ has perhaps shifted from years past, meaning we may now be open to receiving advice from a wider range of people.

The challenge is that market research, as an industry, seems to be struggling to keep up with the measurement of the new WOM paradigm. While usage and attitude toward social media can be tracked (such as hours per day, channels used, etc) can be tracked, specific interactions are less easily measured. It can be very difficult for respondents to recall on a survey instrument, when and where they have noticed brand mentions and/or brand communications online, even though these touchpoints may have had an impact on perceptions of the brand.

This means that currently, measurement of the online and social media WOM impact is often left to web analytic firms. It must be said that the approach may also be flawed, in that measurement of web ‘page views’ and social media ‘product mentions’ a) do not take into account touchpoints that are unseen and unsold (such as a poorly placed web ad that is simply not seen), and b) must guess as to what these metrics mean for the brand.

We at Idea Couture have a few ideas as to how to tackle these issues, but feel it would be interesting to hear ideas from the community on how this can be handled.    If there are creative ways to both a) track consumer interaction on social media, and b) measure the impact of this on perceptions of the brand (or, perhaps more importantly, sales of same!),  please let us know your thoughts!