Review of Commercial Social Media Monitoring Services
posted by David Robbins at
Friday, September 26, 2008
Tapping into social media in a meaningful way for clients is not as easy as a Google Blog, Technorati, and Twitter search. To narrow in on the right conversations, we needed an automated system for monitoring all types of social media. I recently led a project to find the best commercial social media monitoring service for our purposes, which we could use to tailor comprehensive analysis and services according to our clients’ needs.
Here’s a brief summary of what I found:
Nielsen BuzzMetrics and Visible Technologies service large clients and charge correspondingly large fees. A Visible Technologies product called Trucast uses sophisticated web crawlers to stay current with the most influential voices on the web and provides an easy platform for engaging social media communities directly through the software. One downside to TruCast – it is difficult to filter information according to different categories of social media. The lack of flexibility in that case, along with the high price tag for both of these services, told us that these are not good options for PR and marketing firms that deal with startups on a limited budget or larger companies with small-scale social media campaigns.
BuzzLogic is a more reasonable value option for startups and smaller campaigns. The interface allows you to divide tasks across workers and search results are easy to filter by influence metrics for blogs and the posts that appear as subheadings. The service includes other useful features like social mapping and recording engagements with bloggers. Downsides – they only offer yearly pricing schemes (too rigid for us) and it is difficult to narrow in on categories of social media.
The Radian6 interface is intuitive and allows you to filter results based on categories of social media, including rich media sites and microblogs (but not social networks). However, the "Influence Viewer" widget requires some manual follow-up. While the widget uses criteria such as number and length of comments and votes on social bookmarking services to determine "influence," it doesn't do enough to highlight the blogs that have power or authority in general on the web (as opposed to the ones that have a few comments and are on topic). Other downsides – search results track back only about 30 days prior to the query (other products allow you to get better historical data), and while the product might be affordable for primary research, buying many separate topic profiles after the seven day grace period would become cost prohibitive for many small firms.
There are a few other products I’ve checked out but haven’t mentioned here. But right now, we’re going with Radian6. Any suggestions? Something we’re missing? Feel free to comment below.
Labels: radian6, social media, social media monitoring
17 Comments:
A good overview, thanks David. I like the word cloud in Radian6 too - nice quick way to see what words are being associated with your company. Like "Page One PR" and "social media" and "rocks".
Hi David,
Thank you for your review and comments on our product. And, thank you for choosing Radian6 - we really appreciate your business.
We are actually working on all the things you mentioned. With influence, we incorporate on-topic metrics so that influence scores are relevant to the conversation you are specifically measuring, but it does make complete sense, as you suggest, to add general metrics to the equation not necessarily related to topic (and allow you to adjust their relative weighting, as we do today). We are adding 2-3 such key metrics to the system that I think will meet the need. We are also introducing new options for longer historical data priming.
Really appreciate the input.
Marcel
CEO, Radian6
Thanks for the comment, Marcel. I'm glad Radian6 is paying attention to customer needs. Your post is a testament to what monitoring services can do. Overall, I'm definitely pleased so far with Radian6 and I've gotten some solid results from using the tool.
Here's a follow-up to give you a better idea of what I'm referring to in terms of the influence widget. I recently used the widget for one of our clients and cross-referenced Technorati to make sure I wasn't missing any important influencers. We had a major blog post on CNET that didn't show up in top influencers on the widget (in fact, i'm not so sure it showed up in river of news for blogs or mainstream media). However, CNET has much more authority (in terms of readership, traffic, people linking to the site in general) on the web than some of the other influencers that returned results.
Thanks again for taking some of these issues into consideration.
David
David,
Thanks for the mention and review. TruCast Enterprise is part of a suite of products and services we have to help clients, both big and small, collect, analyze and sort the data in whatever form or fashion they need to have it delivered. It has been our experience that most clients have very different requirements in the way they want to look at and analyze social media so we have combined our technology with our data teams to provide clients with whatever they need. That also allows us to offer customized pricing very specific to their programs. Nine times out of 10 we can meet their budget needs. Thanks again for the feedback. We always appreciate it.
David, thanks for putting this together. I would like see another post about your experiences after three months. Right now, it's not entirely clear how to use Radian6 with ongoing clients, what the cost would be per topic folder and how many folders would be required per client.
We are starting a buzz marketing company that is very similar to the companies you listed, but our focus is on small and medium businesses. Buzz.io is working as an agency now, but in the next couple months we will be releasing a consumer version of our software. It monitors and measures relevant online conversations for companies that can’t afford our full service. We're hoping we can soon be on your list of social media monitoring services.
Looks like you're doing some cool stuff
Joshua, David is doing really cool stuff. Are you involved in social media work?
I was having a conversation about clients wanting to get into social media and how to convey to them that it matters with a friend this week.
http://www.othersidegroup.com/adcomments/2008/09/your-brand-being-online-and-brand-equity/
Monitoring social media is an important tool for PR firms and monitoring blogs and doing outreach to positive and negative responses is also an important area. There is software that tracks blog and comments that makes it easier for analysts to go back to one place and find what their outreachers are doing in the firm.
Should corporations think of reaching out via Social Media channels in Singapore ? Your customers may be having buy discussions online, blog about a certain experience with your store manager, or live twittering during a product event. And that’s reality if you pay attention to new online behaviour that is evolving as new tools gain mass traction.
I am reading the Singapore social media landscape albeit loosely while working out just how indulged are Singaporeans in social media.
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Tanyaa
Internet Marketing
Tanyaa, thanks for the comment. I'm interested to know how you are targeting specifically Singaporean social media. I imagine it would be difficult to hone in on consumer generated content coming from one region.
David
Hi David,
Did you consider Techrigy SM2? I've joined them as their Community Strategist & would be glad to give you a demo. I recently blogged about SM2 http://tinyurl.com/4au2up
Here is what differentiates SM2 from other tools:
1) Historical content – The only product that gives you full historical analysis for the past year.
2) Real-time alerts – We provide real time Volume and Category alerts.
3) Advanced categorization - including built-in categories, user-defined categories, and “learning” categories
4) Unmatched Analytics capabilities – Includes analysis of demographics, geographics, popularity, theme detection, level of buzz, etc…
5) Automated sentiment analysis - provides negative and positive sentiment.
6) Flexible licensing - licensed based on search results, not based on profiles or clients.
7) Ability to white label the product, branding it with your agencies logo and company names.
I'd be glad to show it to you!
Connie
Hi David,
Thanks for your post regarding social media monitoring services. In considering how to launch a small start-up in the near future, I will definitely come back here for more insights :)
This comment has been removed by a blog administrator.
Sorry for jumping on this so late, we have been busy working on version 2 of our Social Media monitoring system - Sentiment Metrics.
Please feel free to try us out or contact me with any questions
Leon Chaddock
Sentiment Metrics.com
BuzzLogic is a company that helps enables marketers and publishers to tap into online influence to create and execute effective social media strategies. BuzzLogic, a social media analysis company and ad network, revealed the results of its Harnessing the Power of Blogs survey, a BuzzLogic sponsored research study of more than 2,000 online consumers in the US conducted by JupiterResearch, a Forrester research company. The BuzzLogic dashboard is quite clean and simple, allowing customers to directly focus their attention to important matters.
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Ciana
Social Bookmarking Service
Great post. Very helpful when looking at companies to research.
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