Comments on: Measuring Social Media ROI: A Case Study (Plus: Tweet to Beat Winners) http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/ Tim Ferriss's 4-Hour Workweek and Lifestyle Design Blog Fri, 19 Mar 2010 05:27:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Secret Plan To Raise $20,000+ In One Month Using Social Media! « miltownkid.com http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/comment-page-1/#comment-44917 Secret Plan To Raise $20,000+ In One Month Using Social Media! « miltownkid.com Fri, 31 Jul 2009 21:44:56 +0000 http://www.fourhourworkweek.com/blog/?p=1613#comment-44917 [...] The follow year (2008) Tim Ferriss ran another contest which involved gaining followers on Twitter. He was going to donate $3 for every new follower. He had a contest for people who did the best work in helping him gain new followers. I got an A-for-effort with a sub-contest I put together giving away my Xbox 360 (which in turn won me this MacBook Pro I’m typing on ). (You can read about that one here.) [...] [...] The follow year (2008) Tim Ferriss ran another contest which involved gaining followers on Twitter. He was going to donate $3 for every new follower. He had a contest for people who did the best work in helping him gain new followers. I got an A-for-effort with a sub-contest I put together giving away my Xbox 360 (which in turn won me this MacBook Pro I’m typing on ). (You can read about that one here.) [...]

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By: Tom http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/comment-page-1/#comment-43945 Tom Thu, 09 Jul 2009 19:36:12 +0000 http://www.fourhourworkweek.com/blog/?p=1613#comment-43945 I do not really get it. How did you announce your campaign? I think that one point is: how many people are reached with the announcement. If the "advertisement" for the campaign is poor, the resulting "donor clicks" will be poor, too. But may be I did not understand it. I do not really get it. How did you announce your campaign?

I think that one point is: how many people are reached with the announcement. If the “advertisement” for the campaign is poor, the resulting “donor clicks” will be poor, too.

But may be I did not understand it.

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By: David Norcott http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/comment-page-1/#comment-38968 David Norcott Tue, 02 Jun 2009 16:47:17 +0000 http://www.fourhourworkweek.com/blog/?p=1613#comment-38968 Hey Tim, I agree with conclusion #3. As someone who only checks my RSS feeds every few days I was pretty confused by the posts and tweets. It was unclear to me: was I getting $3 or $12? Did I have to sign up for something in order to get the donation coupon? Was it still happening? Was it only for new followers? Anyway, kudos on the experiment. Though it may not have done as well as you hoped, getting $8k to a worthy cause is still very commendable. I fully expect that with this new knowledge you'll totally crush your next endeavor. I'll be waiting - and maybe I'll check your blog more often. =) Hey Tim,

I agree with conclusion #3. As someone who only checks my RSS feeds every few days I was pretty confused by the posts and tweets. It was unclear to me: was I getting $3 or $12? Did I have to sign up for something in order to get the donation coupon? Was it still happening? Was it only for new followers?

Anyway, kudos on the experiment. Though it may not have done as well as you hoped, getting $8k to a worthy cause is still very commendable. I fully expect that with this new knowledge you’ll totally crush your next endeavor. I’ll be waiting – and maybe I’ll check your blog more often. =)

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By: Oliver Mayor http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/comment-page-1/#comment-38320 Oliver Mayor Thu, 21 May 2009 17:47:20 +0000 http://www.fourhourworkweek.com/blog/?p=1613#comment-38320 Tim, the differences in behavior between the $3 and $12 donor groups may be explained by <a href="http://lesswrong.com/lw/4e/cached_selves/" rel="nofollow">this psychological phenomenon</a>. <blockquote>In the classic 1959 study by Festinger and Carlsmith, test subjects were paid to tell others that a tedious experiment has been interesting. Those who were paid $20 to tell the lie continued to believe the experiment boring; those paid a mere $1 to tell the lie were liable later to report the experiment interesting.</blockquote> Summary: our past actions affect our self-image, and in the absence of especially salient incentives, our brains remember what we say or do as "choices". Our actions become part of our unconscious self-images, which significantly influences our future behavior. Tim, the differences in behavior between the $3 and $12 donor groups may be explained by this psychological phenomenon.

In the classic 1959 study by Festinger and Carlsmith, test subjects were paid to tell others that a tedious experiment has been interesting. Those who were paid $20 to tell the lie continued to believe the experiment boring; those paid a mere $1 to tell the lie were liable later to report the experiment interesting.

Summary: our past actions affect our self-image, and in the absence of especially salient incentives, our brains remember what we say or do as “choices”. Our actions become part of our unconscious self-images, which significantly influences our future behavior.

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By: Jonathan Payne http://www.fourhourworkweek.com/blog/2008/05/11/measuring-social-media/comment-page-1/#comment-38191 Jonathan Payne Tue, 19 May 2009 05:27:18 +0000 http://www.fourhourworkweek.com/blog/?p=1613#comment-38191 Tim, Great post! I'm planning my own experiment in using social media for charitable fundraising, but am struggling with a things. Among the factors that made your social media campaign, the 3 most important seem to be: capital, matching sponsor, and a trustworthy recipient organization. Here are my questions: 1. How do you recommend pulling off a campaign if you don't have the kind of capital that you have? You put it $20k of your own money. We only have a couple thousand and need to make it all back... 2. How did you go about securing a sponsor to match your donation 2-to-1? 3. How did you go about committing to donorschoose.org? The recipient organization would not only have to be trustworthy from an operational standpoint but also has to be prepared to handle the influx of money, online traffic, information requests, etc. What do you recommend? Thanks, Jon Tim,

Great post! I’m planning my own experiment in using social media for charitable fundraising, but am struggling with a things. Among the factors that made your social media campaign, the 3 most important seem to be: capital, matching sponsor, and a trustworthy recipient organization. Here are my questions:

1. How do you recommend pulling off a campaign if you don’t have the kind of capital that you have? You put it $20k of your own money. We only have a couple thousand and need to make it all back…

2. How did you go about securing a sponsor to match your donation 2-to-1?

3. How did you go about committing to donorschoose.org? The recipient organization would not only have to be trustworthy from an operational standpoint but also has to be prepared to handle the influx of money, online traffic, information requests, etc. What do you recommend?

Thanks,
Jon

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