Monday, February 2, 2015

So Many Platforms, So Little Time

Blog Topic: With so many social media platforms available to the marketer, should a company adopt only one platform as its main/primary channel? If you think so, offer some perspective on how this primary platform should be determined. If not, how should a company identify which platforms to use and how to allocate its marketing resources?


Well, the true answer is: It depends.

Just like with traditional media, marketers should be conscientious of what types of social media will be most beneficial for their brand. The old saying “The medium is the message” rings true in this situation.

There are several criteria to determine which platform should be the primary platform. What is the nature of the company’s product or service? Is it visual? Is it text-heavy? Who is their audience? What do we want them to do? What is the company’s strategy to get them to do that? How big is our budget?

I propose that for large, national brands, companies should not only adopt one platform, but should have a presence on several. It doesn’t have to be every single one if it doesn’t fit with their product or service- it’s never a good idea to join a network without a clear understanding of how it can be used to the brand’s benefit. That’s why it’s important for brands to select channels that are natural fits for their products and services. No need to try to shove a square peg into a round hole.

Each social media channel caters to a slightly different audience, and so it may be advantageous for brands to establish a presence on multiple platforms. For example, Nike shines on a variety of social media platforms, and I believe that is because the company appeals to a very broad audience.

However, for a brand with a more niche audience, it may make perfect sense to strategically put the bulk of their effort into one platform.

For example, National Geographic exists on Facebook, Instagram, Pinterest and Twitter. While each platform does well, the brand has found particular success with Instagram, where they boast 11 million followers. This makes sense, because National Geographic is a quintessential example of a visual storyteller. Because of this, they have leveraged the visual nature of Instagram to their benefit. On Pinterest, another visual social media site, National Geographic has a healthy following as well. However, Instagram still appears to be the frontrunner for this brand, likely due to Instagram’s ability to deliver content in real time. 

But let’s look at another brand: The New York Times. They too have the kind of following that most brands would kill for. They have more than 9 million Facebook fans and 15 million Twitter followers. They do have an Instagram, but it’s specifically for their fashion section (again, a highly visual subject.) On Facebook, the NYT is able to give readers a visual sneak peak along with a catchy teaser. But Twitter is king for the brand because it is constantly updating in real time, which is absolutely perfect for delivering breaking news.

While national brands can benefit from existing on multiple channels, perhaps leaning more heavily on one in particular, the story is slightly different for small businesses with meager marketing budgets.

I would strongly discourage a new small business to put much effort into a Facebook page. Facebook has continually implemented new rules and algorithms that filter out promotional posts unless businesses pay up. What was once free marketing is no longer free, and page views have plummeted (Louhis, 2014.)

In this situation, I suggest that companies focus their efforts on Instagram, where users may be actively promoted – for free (Oliver, 2015.) Instagram (and Twitter, too, for that matter) allow all posts to be shown in chronological order for free. So for the small business looking to leverage a small social media budget for the biggest impact, these may make more financial sense.



Do you think this week’s readings regarding content vs. conversation factor into the decision? Please feel free to use a real or fictitious company to explain your position. 

This week’s readings regarding content vs. conversation did not particularly factor into my decision. All of the readings were from 2009 or 2010. I’ve managed social media for brands for nearly five years, and a lot of the viewpoints expressed in the readings are like second nature to me – they’re simply the rules of the road, if you will. There were some excellent excerpts, however, that eloquently state what a marketer should do when creating and implementing a social media marketing plan. They’re the basic tenets of marketing, adapted for social media.

Entrepreneur Chris Lake wrote a fantastic article back in 2009 – a time where the idea of “thought leadership” was becoming more mainstream. His position, which is still true today, is that engaged customers are far more likely to convert (Lake, 2009.)

But becoming a thought leader takes a lot of work. Digital marketing analyst Brian Solis said early on that in order to succeed in social, one must discover all relevant communities of interest to their audience(s), and observe the choices, challenges and wants of the audience within each network. Then, once identified, you can formulate a game plan that embodies the attributes you wish to publicly portray. While doing that, he warns against speaking at audiences through canned, self-promoting messages. Instead, promote thyself by being valuable to your audience – give them insight, direction and a sense of community (Solis, 2010.)

Once you’ve found your niche of thought leadership and formulated your game plan, companies must refine their personality. Content without conversation is merely advertising (Novak, 2009.) Companies must become more human. Today, many people expect a response when they tweet a question or comment to a company. When engaging customers, brands should have a consistent voice.

Now that you have all of those three things, you’re really ready to rock and roll with the most important part of all: Content.

Content is King. We’ve heard it a million times. But that’s because it’s true.

Marketing executive Michael Greenberg explained that first, marketers must have content. Second, they must have cadence. Once they’ve established a cadence of posting, they must maintain it to maintain their credibility. Finally, they must consider themselves a publisher (Greenberg, 2009.)

Back when Greenberg wrote his article, there weren’t many companies doing social very well. Companies didn’t quite grasp the concept of becoming their own publishers. And that paved the way for my career success.

I was fortunate to ride the wave of social media during the time that it really caught on. I was working for a Seattle startup called Nology Media (which has since been acquired by other marketing companies) as an intern. I’d had another offer at a PR firm, but I took a chance on this newfangled social media management company.

It completely changed my life.

We built the social media presence of several regional brands.
During my three months there, I learned inbound marketing without realizing it was called inbound marketing. Inbound marketing is a way of putting your message into digestible pieces to catch the audience’s interest and keep them wanting more (McCormick, 2013.) It was all about establishing your client as a “thought leader” in their given field. It took a lot of research into the client’s audience, to realize their interests and figure out how to best cater to those interests.

At one point, I remember sitting down with my then-boss, and I explained that while I loved what he was doing, and what I was learning, that I didn’t think it was very sustainable. Why? Because, eventually in-house marketers were going to fully grasp the concept of social media. And I was right.

While Nology Media didn’t stand the test of time, it did provide me the foundation that got my foot in the door at my current job. While I don’t particularly care to manage social media accounts anymore (after 4.5 years I was ready for a change), I will always be grateful to social media for jumpstarting my professional career.


References

Greenberg, M. (2009, October 20). Content is king of social marketing. MultichannelMerchant.com. Retrieved Sunday February 1, 2015 from http://multichannelmerchant.com/social-media/1020-content-social-marketing

Lake, C. (2009, October 30). 35 social media kpis to help measure engagement. Econsultancy Blog. Retrieved Monday, February 2, 2015 from http://econsultancy.com/us/blog/4887-35-social-media-kpis-to-help-measure-engagement.

McCormick, M. (2013.) What is inbound marketing and how do I start? Salesforce. Retrieved Sunday, February 1, 2015 from http://blogs.salesforce.com/company/2013/07/inbound-marketing-getting-started.html/?d=70130000000tH3O

Novak, C. (2010, July 27). Why conversation, not content, is king. SocialMediaToday.com. Retrieved Sunday February 1, 2015 from http://socialmediatoday.com/wordspring/152636/why-conversation-not-content-king

Oliver, G. (2015) Why your small business should participate in an Instagram Weekend Hashtag Project. Business 2 Community. Retrieved Monday, February 2, 2015 from  http://www.business2community.com/instagram/small-business-participate-instagram-weekend-hashtag-project-01118117


Solis, B. (2010). 21 rules for social media engagement. Mashable. Retrieved Monday, February 2, 2015, from: http://mashable.com/2010/05/18/rules-social-media-engagment/

Monday, January 26, 2015

Don't Get the Wrong Impression About Impressions

“Impressions.”

The word is easy on the ear. It flows beautifully and sounds impressive when throwing it around in a report for those who don’t understand web metrics.

But don’t let it fool you. Impressions are not nearly as useful as they may sound to the untrained ear. In short, the number of impressions refers to the number of times a piece of content was delivered to users browsers (Reed College of Media, 2013.)

Think of it like when television networks tout the number of viewers for any given program. While the number may sound impressive, it doesn’t tell the whole story. If 1 million people are “viewing” the channel, what good is it to the company if half of those “viewers” are using the show as background noise, another quarter of them are paying more attention to their mobile device, a handful of them simply left the TV on when they left the room, and a handful are not even human entities, but instead bots of some sort? No good at all, that’s what.

Impressions are similar - a high impressions count does not equal high audience reach. What good is it to know the number of impressions if it isn’t correlated with customers actually taking the desired action? A high number of impressions means absolutely nothing if it doesn’t drive customers to act and, ultimately, generate revenue for the company (Tuschman, 2013.)

The marketing strategy should not just be to blast your site to anyone and everyone (Tuschman, 2013.) No, like any effective marketing objective, strategy or tactic, considering the true audience is key. It would be far better to have 100 impressions with a 50% conversion rate than it would be to have 1000 impressions with a 1.2% conversion rate. You don’t need all the people - you need the RIGHT people. In other words, the number of people you’ve impressed is far more important than the number of impressions you receive!

That’s where effective SEO comes in. The use of appropriate and specific keywords can help marketers reach a very specific audience with a very specific interest or problem to solve (Tuschman, 2013.) 

This isn’t to say that impressions are completely pointless - of course generating traffic to your site is important! After all, getting your site onto users’ browsers is mandatory to achieve any other intended goals.

Here’s a timely example. When dangerous wintery conditions keep people inside for great lengths of time, they tend to spend more time online, which means more impressions for all kinds of websites. While many potential customers use this extra time to merely window shop (which does not count as a conversion for retailers,) some actually act and take advantage of on-demand delivery services that can keep them from having to go out into the cold. And sometimes, that’s enough to get them hooked and change their habits over the long term (Pressman, 2015.)

Another example of the usefulness of impressions is when they’re used to determine the cost of a campaign (cost per thousand impressions) and the revenue made on a campaign (revenue per thousand impressions.) This makes it possible to compare the earnings rates for different sites regardless of their audience sizes  (Johnston, 2014.)



References:

Johnston, M. (2014.) What are average CPM rates in 2014? Monetize Pros. Retrieved Sunday, January 25 2015 from http://monetizepros.com/blog/2014/average-cpm-rates/#rpmvscpm

Pressman, A. (2015.) Winter storms encourage snuggling up inside, but not much online shopping. Yahoo Finance. Retrieved Tuesday, January 26, 2015 from http://finance.yahoo.com/news/winter-storm-boosts-craigslist-posts-more-than-online-shopping-174855634.html

Reed College of Media. (2013.) Lesson 2: Basic Web Analytics. Retrieved Saturday, January 24, 2015.


Tuschman, J. (2013.) Local business owners, don’t be impression with impressions! Red Spot Interactive. Retrieved Monday, January 26 2015 from http://www.redspotinteractive.com/local-business-owners-dont-be-impressed-with-impressions/

Considering the Click Through Rate

In a marketing campaign, the “click-through rate” refers to the number of clicks for a specific link, divided by the number of times that specific link was viewed (Reed College of Media, 2013.) I argue that this metric is one of the most important metrics to track during a marketing campaign, because it is one of the most clear cut ways to determine if a business has achieved the goal of driving customers to a particular site. It measures the amount of traffic that any particular ad or campaign drives to the organization’s website (Stokes, 2014.)

Native mobile advertising
One real-world example of the use of click-through rate as an effective measurement tool is the ever-increasing usage of mobile native ads. Mobile native ads engage the user with an ad experience that seamlessly integrates with the app or site the user is visiting. These types of advertisements are becoming the preferred ad format for marketers, as they provide a 57% higher click through rate than other forms of online advertising. They also bring a 33% increase in ad engagement over time (Tanwani, 2015.)

But why are they so successful in improving the ability of a business to accomplish an intended goal? In my opinion, it’s because technology has continued to become effortlessly blended into our lives. Awkward, invasive, distracting popup ads have become increasingly annoying, and can lead to ad fatigue, which means no one is going to pay any attention to your ad.

Digital ads, just like offline ads, must stay relevant, fresh and current. Otherwise, ad fatigue sets in and the click through rate drops, giving online marketers a problem to solve (Vallaeys, 2014.) To fix it, they must change the ads. But not just ad copy- it goes beyond that. Remember the old saying “The medium is the message?” Well, that idea is at play here. Native advertising is used to blend in perfectly with the user’s chosen experience. The ad truly becomes part of the medium, and the message is delivered to the user in a natural way.

Nonprofit organization email campaigns
Another example of click-through rate at work in the marketing mix is when it is used to measure the success of an email campaign for a nonprofit organization. Those who take a data-driven approach to their email marketing typically have higher success rates for their newsletters than those who don’t (Love, 2015.)

But the click-through rate is just one part of a chain of events that must occur to accomplish the intended goal. First, the recipient of the email must successfully receive and open that email. Then, they must click the link in your email. (This is what is measured by click-through rate.) When the measurement of the click through rate is followed up with a measurement of the conversion rate, marketers can determine how effective their email campaign was. Discovering what people choose to click on can give marketers insights into fundraising efforts, planned giving programs and the effectiveness of their website. It also gives them perspective of what they can improve upon for next time (Love, 2015.)

So the click-through rate plays an important role in determining the success of email campaigns and the effectiveness of new forms of advertisements, like native ads. What are some ways the click-through rate can be improved?

1.) Improve the position of your ads.
Things seen immediately, as opposed to those the user has to scroll to see, are more likely to catch their attention.

2.) Keep ad copy and keyword phrases similar.
Optimized ad copy (copy that is similar to the words that the user searches for) can greatly increase your rankings in search results.

3.) Choose low-competition keyword phrases.
It’s better to use a larger number of specific search phrases than to just use a handful of common and broad terms.

(Stokes, 2014.)







References:
Love, J. (2015.) The top email KPIs for nonprofit communicators. Business 2 Community. Retrieved Monday, January 26 2015 from http://www.business2community.com/non-profit-marketing/top-email-kpis-nonprofit-communicators-01136868

Reed College of Media. (2013.) Lesson 2: Basic Web Analytics. Retrieved Saturday, January 24, 2015.

Stokes, R. (2014.) 3 Steps to improve your ad’s click through rates. Entrepreneur. Retrieved Monday, January 26, 2015 from http://www.entrepreneur.com/article/235827

Tanwani, 2015 http://e27.co/mobile-native-ads-can-get-57-higher-click-through-rate-vserv-20150121/


Vallaeys, 2014 http://searchengineland.com/4-reasons-why-your-ad-is-fatiguing-206706