April 10, 2012

Introducing the Wine Industry Social Media Index – One Score to Rule them All

The Winery Social Index was built as a tool to help you measure your Social Media Efforts

We have been building feature after feature in our software for the wine industry.  Two of the most common questions are “what should I be measuring” and “what is the right ratio of activity to fans.”  Thus we have created the Wine Industry Social Media Index.  It was inspired by the http://www.socialbusinessindex.com/ from the Dachis Group.  What is it?  You can see it in action here: http://cruvee.com/brand-index/score

But to get deeper into the details, the Winery Social Brand Index is a proprietary algorithm created to determine the social media health of a winery. The Index is still in Beta and measures across multiple PUBLIC data factors including engagement, activity, fan growth, ranking within the wine industry, and much more. Primarily the index is a measurement of what we feel are PROPER engagement ratios and HEALTHY fan growth. The Index by no means measures quality of a winery’s social media posts BUT the level of engagement as a result of the posts are indicative of quality. The score should be a key performance indicator above any for the health of a winery’s social media efforts.  It is also a great place to see trending lines of other wineries in the business to see what they are doing right, wrong and how they are trending.

More notes about the Index…

The index changes daily and is measured over a running period of several days. Of the total factors the algorithm measures, Engagement and Healthy Fan growth, which are weighted the heaviest. Anomalies like tiny fan base with high standard deviation of engagement are accounted for, as are “noisy” Twitter accounts.

Caveat – The Index will be volatile over the next 15 days since the history in the index is limited and the quantity of wineries (approx. 800 and only 15 days of history for some of the key data points).  We will be adding wineries over the upcoming weeks or wineries can add themselves to see their score.  Wineries can not delete themselves from the index.

If you have questions about the index, your brand, or want to add/change your brand, please email paul@vintank.com. Anyone can submit updates to wineries in the index (there are update links for each winery) but all updates will be reviewed by our team. If you are a VinTank customer you can log in to update your info to see your Index rating or change it to the proper Facebook page/Twitter Handle. Changes will take 24 hours to update in the Index.

If you are not the winery owner but see an error or want to see a winery listed, please go here: https://cruvee.com/Signup/start.

 

  • This sounds interesting. The fact that it is measuring engagement and not just fans or followers is a huge step.

    Will any other social media channels be included? Pinterest is also hugely popular as people pin wines they enjoy & recommend, wineries they have visited, would like to visit, etc..

    • Currently we measure only the two key SM platforms.  We are looking at G+ and Foursquare next.  Though Pinterest has an amazing incline of users, we are still on the fence regarding its value to the wine industry but watching it closely.

  • Pingback: NEWS FETCH – APRIL 11, 2012 | Wine Industry Insight()

  • Paul – Interesting.  Anyway to cut the data by total case production?  

    • We are going to add that over time but we tried to make an even algorithm that ensured small and large wineries could be measured on equal ground.

  • Interesting stuff.  Like John I would be interested in seeing the breakdown by case production.  Anyway to add that filter?

    • Working on it.  Ironically some wineries don’t want to share their case production.

  • Pingback: Which Wineries are Most Engaging? » Through the Bunghole()

  • Paul, one more thing. Does the rating partially indicate people who have used their keywords more effectively and weight toward those who are using the higher level of service?

    • Tyler,
      The algorithm does NOT use any “earned media” that is gathered by our software but only uses publicly available data from Twitter and FB.  We are thinking of including the data we gather in a future iteration of the algorithm.

  • Pingback: French wineries sip on social, American wineries lap it up | ResidualRx.com()

  • Renae

    When I see the ranking… say number 47, out of how many? It would be good to always know that since it obviously changes the value of the ranking based on the number of people included.

    • Brandon Farley

      Hi Renae, sorry for the delayed response here. We have just passed 1500 total brands in the index.

For Your Continued Enjoyment...

September 12, 2011

An interview with the wine industry’s g...

Never before has the wine industry seen a superhero like @winesaleshulk (except... more

August 3, 2011

How Gap captured my email and I feel in love ...

Ok, this is genius. I was in the Napa Gap Outlet buying clothes for my... more

August 2, 2011

Gilt, please don’t jilt the wine indust...

Flash sale sites serve various purposes.  We at VinTank have mixed feelings about these entities... more

July 29, 2011

#WBC11 and Opening the VinTank Blog Kimono (c...

It has taken me a week to catch up from my trip to Charlottesville, VA... more