It’s encouraging to hear marketers talk of blogs and social networking and building communities online, however, like Rajiv, I heard many unspoken doubts on Return On Investment (ROI) from such engagements. Its a question I raised at the summit. Is the industry doing anything to develop metrics to measure impact? Are they talking to bloggers about it? Simple answer - NO. I know ROI is an obsession with marketers, and we would fail in our jobs as consultants in this area, if we did not address them. We’ve done the first part of our jobs by getting the words ‘blog’ and ‘online communities’ into the lexicon of marketers. They have some sense of what these can do. We can talk of benefits of corporate blogging, evangelism, influence on brand perceptions, using these tools to empower your customers to become your marketers. We can hold their hands on how to set these up for their companies. There’s been some good thinking by Charlene Li at Forrester in October 2006 on ROI of blogging. But do we have a model in place yet? Are we giving them more tangible, quantifiable metrics, the equivalent of or alternatives to GRPs and cost-per-clicks? Are we doing enough, in the area of showing them ways to manage risks involved ? How are we helping them ‘market’ social media internally to their VPs and CEOs who often tend to be older, more rigid, more in fear of giving up control."

— Dina Mehta