When thinking about social media marketing, it is important to think about who your audience is and how to ensure that they are aware that you exist. Content marketing is crucial to this i.e. making sure that the content you produce is relatable to your target market. Today’s topic is Millennials. The term “Millennials” refers to the group of people who started to reach adulthood around the year 2000 (currently ages 18-37), aka Generation Y: the Tech Generation. Millennials make up 25 percent of the population, which presents them with the power to have a serious impact on the GDP. Much like Baby Boomers in the 1990s, Millennials have the power to lift the GDP at least a percentage point higher than current levels. By the year 2020, Millennials will make up nearly 50% of the workforce and account for 30% of retail sales. If Millennials are even a portion of your target market, you need to make sure that you know how to reach them.
Studies show that the Age of Technology is having more than just a technological impact on Millennials. It is actually changing the biological make-up of Millennial consumers, as they are now rebuilt to multitask and seek reward for committing their time to consuming brand content. This is why generic sales pitches on social media doesn’t work for this group. Millennials require interaction in order to engage with a brand.
According to a study by Yahoo, Millennials desire:
- To immerse in content
- To satisfy fandom
- To be “in the know”
- To have the necessary resources to succeed
Knowing these 4 things about Millenials, it can be deducted that successful content needs:
- To have depth
- Be current on pop culture
- Include facts on specific, relevant topics
- Include tips for success
The difficult part of creating content that fits these specifications is molding it to fit into the restrictions of the social media platforms you’re using. How do you provide depth in an image on Instagram or give a tip for success in under 140 characters? How do you create content as a brand that consumers will want to engage with? A Yahoo study gives 7 helpful tips that we’ve elaborated on for relevance.
- BE Brief – Keep It Simple and Sweet.
- DON’T over complicate a simple idea to make it more appealing, it will only deter audiences. Creativity is always a good skill to use in creating content, but you need to make sure that your ideas remain clear and concise throughout.
- DO remember what your initial point is and make sure that it is still apparent even after all the primping and fluffing is over.
- BE Entertaining & Humorous – Have fun with your content.
- DON’T keep it cut and dry and strictly business.
- DO find a cool way to integrate humor into your content to make it entertaining. Put your own twist on a current meme to make it relevant to your industry. Find a trending hashtag that you can make relevant to your industry and jump in on the conversation.
- BE Fresh & Unique – Dare to be different.
- DON’T do the same thing you’re competitor is doing. You’ll only blend in with the noise.
- DO Keep an eye on what you’re competitor is doing and see how you can execute it better or differently. While it’s important to be aware of your competitor’s actions, copying is frowned upon and you could risk getting called out and tarnishing your brand.
- BE Informative/educational – Sharing is caring!
- DON’T be secretive and unapproachable. Gone are the days when brands were thought of as this unknown superior that could do no wrong. Brands are now expected to loosen up and communicate with their consumers.
- DO provide your target market with helpful information that they can apply to their lives. Tell them something they don’t know. Tell them something that they would like to know about you, about your industry, something applicable to their future business… with you.
- BE Relevant to the individual – Customer is key
- DON’T group your customer into one large faceless, nameless, passionless lump.
- DO practice targeted marketing efforts. As a business professional, your bottom line is obviously first in your mind, but do not forget about your customer’s wants and needs. To ensure that your content is relevant to the individual, you must get to know the individual demographics in which your customers lie and strategize on how to meet their needs.
Based on experience we would say that the number 1 mistake that many businesses make when it comes to social media is not taking the time to develop a plan of action and then giving it an opportunity to work. Social media success does not happen over night, it takes time to develop a presence, to gain followers and to learn what those followers are most interested in. Having a plan in place, makes daily posting easier as you will have to spend your time wondering what to post next and when.
Here, at Purely Social, we always suggest action plans to our clients in order to assist them in visualizing their social media strategy. Action plans are a great guide to help you put your thoughts in order and reach your social media goals. You can actually create them yourself, if you have time to. It’s quite simple. Here are some easy simple steps to how we create our action plan.
- Analyze your current status. Before you move forward in creating a strategy for change, you need to analyze the current status of your social media presence. Take a look at any of the social media accounts you have already established and ask yourself these questions:
- Are you using vivid, high definition, images?
- Are you posting as frequently as recommended for that platform?
- Are you captivating your audience and gaining engagement?
- Where are your other shortcomings?
- Identify your reasons for being on social media. What are your goals? Are you trying to strengthen your brand, gain more business, humanize your brand? Before you jump on social media, you need to know why you’re there otherwise it’s pointless. It is important to set your goals as a team and in writing to ensure that you know where you’re headed and can easily analyze whether or not you meet these established goals.
- Ask yourselves the following key questions:
- “Only We…?” What makes you stand out from the competition?
- Can your company culture nurture and sustain a social media transformation?
- Are you a conversational brand? Or could you be?
- Where are your customers & competitors?
- What is your source of rich content
- What does social media success look like for Access West?
This will assist you in deciding which direction to take your social media marketing in, what type of content to post, what platforms to choose, and how to reach your target audience.
- Next, take a look at your competition both locally and globally. See if you can identify what they are doing well and what they are doing wrong. Analyze them based on the questions illustrated in step 1. This will also help you to see where you can gain a competitive advantage and show you where you stand in comparison.
- Now it’s time to decide which platforms you want to use. Take a look at where your target audience is and go there! It’s as simple as that. If you’re just starting out, you don’t want to jump on too many platforms at once. It’s better to start on one or two and execute them expertly than to hop on all of them and execute them poorly. For example, if your business is a nail salon, Instagram is a great option to utilize, but if your business is an insurance firm, Instagram may not be your primary choice of platforms. This step is where you really take the time to browse through the platforms and do your research. Google Plus is an up and coming platform that is perfect for most business owners, Facebook, on the other hand, may only be suitable for those businesses targeting the 55+ audience, and Instagram is where you can reach the younger demographic. It is important to know all of this information prior to selecting which platforms to use for your firm.
- Identify which member(s) of your team will be leading the posting and create a schedule. Scheduling is the way we get things done in business, so a great way to ensure that you’re doing what you’re supposed to do on social media. In order to create a schedule, you need to know the best times to post for each social media platforms. This is determined by when YOUR audience is on social media. There are default times for each network, but this doesn’t always mean that t will work for your industry, so it is important to research your audience and learn their social media habits. When you’re getting started, post several times a day at different times throughout the day and take a look at your analytics. That’s how you will know what is working and what isn’t working.
We’ve already written an article on How NOT to Fail at Social Media Campaigns, but recent social media news have inspired an article on what to do if you do happen to fail. As with everything in life, there are situations in which no matter what amount of planning goes into something, things still go awry.
You may or may not have heard about the Sleepy Hollow marketing blunder with their “Happy Headless Day” campaign. To welcome the new season of the FOX network show, Sleepy Hollow , based on the stories of the Headless Horseman from European folklore, FOX launched a “Happy Headless Day” campaign with witty puns from the show about the headless character. Unfortunately, this campaign launched the same day as the devastating news came out about Steven Sotloff’s death. Needless to say, the media took this campaign and ran with it warping the intentions of the “Happy Headless Day” campaign and putting Sleepy Hollow in a bad position.
The way FOX network handled the situation was perfect. This is their statement: “We apologize for the unfortunate timing of our Sleepy Hollow Headless Day announcement…The tragic news of Steven Sotloff’s death hit the web as the email was being sent. Our deepest sympathies are with him and his family, and we don’t take the news lightly. Had we have known this information prior, we would have never released the alert and realize it’s in poor taste.”
This is a perfect example of how a well-intended campaign can go awry purely due to unforeseen events. Had this campaign been launched 6 months prior, no one would have looked twice at it. However, due to the timing and the hungry media looking for a scandal, FOX network was put in a bad position.
So now, the question is this: What do you do if something like this happens to you? You’ve read our article on How NOT to Fail at Social Media Campaigns, did your research and are confident that your new campaign will be a success. Out of nowhere at the very last minute, something happens that sets your plans off track and puts your brand in a bad light.
Immediate damage control. First things first, you have to immediately initiate damage control. This is one of the main reasons why you have to be ever-present in your social media accounts. If you or someone you delegate is there to catch an issue as soon as it occurs, you have a better chance of minimizing the amount of damage to your brand. If you set a campaign up and forget it, you’re bound to miss any feedback or backlash from your campaign. This will only cause negativity to fester and spread across your entire brand.
Sincere apology. Emphasis on the word “sincere.” Whether or not you think you did something wrong, you need to understand this: once you publish something, it no longer belongs to you. If your public portrays something as offensive or insensitive, it is your job to understand their point of view and empathize with them. Try to understand why your campaign would make them upset, apologize and mean it, and if necessary, retract your campaign. This doesn’t mean that you need to take down your campaign every time you upset one person, but use your discretion. If the campaign makes a turn for the worst, you have to take it down.
Plan for future action. If the reason for the blunder was an oversight, it may be necessary to add an additional step in your ad campaign clearance. For example, FOX network may now require someone to check through the news before launching a campaign to ensure that a campaign they are about to launch will not be offensive to anyone. If the reason was out of your control, have a team dedicated to monitoring the campaign from beginning to end prepared to institute any damage control immediately.
Unfortunately, no matter how much researching you do, there could be unforeseen events that throw your campaign off. The media will almost always find a way to warp information to fit their purposes, and trolls will do their best to make you look bad. There is hope, however, in your recovery. The worst thing you could do is ignore the problem and hope it goes away; that will only fuel the fire and allow people who are already mad at you to get even more upset and talk amongst themselves. Your presence is 100% necessary to help mediate the issue and smooth everything over the best you can. The problem will most likely not go away on its own in most cases. So, engage and speak up!
Don’t forget to come talk to us, too! We’re ever-present on Twitter and you can reach us in the comments below, as well. Also, we just launched our new site: http://purelysocialmedia.com, so check it out and let us know what you think. If you need any tips or advice on your specific social media situations, feel free to send us and email! We love to chat!
Google Plus is quickly rising to the top of the social media platforms. With the SEO benefits that it offers along with the community building aspect, it’s really a smart choice when it comes to leveraging your brand’s social presence.
If you’re not quite familiar with G+, as yet, Google+ is a social network created by Google that offers blogging capabilities, community building, and virtual meetings (hangouts) all in one package. As a result of this social media platform being hosted by the number one search engine, any business that uses Google+ becomes more searchable i.e, more present online. See, Google knows what they’re doing: they started off slow with the search engine then, like the Blob, oozed out to explore different aspects of the internet it could master, as well. We’re not mad at them for that. Anyway, lets look at the bigger question:
Why should you use Google+ ?
Google+ offers a little bit of the best aspects from a variety of the different platforms, and then some! Take a look at these:
It enables you to blog, like WordPress, giving you another outlet to share your expertise. Not to mention the fact that most of us have Gmail accounts. Google+ enables you to pull the connections that you have on Gmail and reconnect with them here. So, that business partner you were emailing before, or your old colleague from a previous job can all reconnect with you on Google+ and be privy to your blogs. What does that mean for you? Well, a larger reach for one. Instead of being limited to the people who subscribe to your blog, you can share your blog with people with whom you’ve already built a rapport, as well. In addition to that, there are communities on Google+ dedicated to certain topics, and Google+ allows you to share the articles you write specifically within the communities of your choice. If you were writing something targeted to small business owners, for example, you can join a few communities dedicated to small business owners and share your article within those communities. This way, you know that your work is hitting people who are actually interested in the topic you’re writing about. What better way to build a following than that?!
On top of all that, are the hashtags. When you post an article, Google+ does a quick scan of your article and includes relevant hashtags for you to help sort the article into relevant categories. You also have the capability to include your own hashtags to your articles. If you include hashtags that you know are popular and relevant, your article gets even more reach enabling you to build an even larger following.
Let’s discuss these communities in greater detail. Google+ communities allow you to gain access to groups of members interested in the same topic(s) that you’re interested in. There are 21 categories to choose from initially ranging from Beauty and fitness to sports to auto and tech. Within those categories are specific communities created by members that you are able to join in on and network. This feature is unique to Google+ and a goldmine for business professionals like yourself. If you are an interior designer, for example, and would like to connect with other interior designers, there’s a community that lends to that. If you own a business catered towards animal rescue and would like to connect with other people who are interested in animal rescue, BAM! There’s a community for that. If you share your blogs within these communities and engage with the people within these communities, the options to build your network are endless.
If you’ve been listening to us, you’ve heard us say more than once that the visual aspect of marketing is just as important as the text: sometimes, even more so. A picture is worth a thousand words, and in marketing, images are an important aspect of getting people to pay attention to you. Google Plus embraces that by giving the images that you upload prime real estate on your page, and in a lot of cases, more real estate than the text. Sharing a link that includes images will generate a square thumbnail measuring 150×150 pixels, but sharing an image by itself will result in a much larger display of 497×373 pixels. Here’s a Google+ Cheat Sheet for Image Size Dimensions that might prove helpful.
Google Hangouts are a feature unique to Google+ that enable you to connect with people in a way that no other social media platform does. Google hangouts enable you to video chat with a group of people or one on one. This opens the door for a much more personable connection with your target market or within your industry. Google Hangouts are a great avenue to humanize your brand and let your followers know that you’re not a robot. It enables you to engage in a way unseen by other social media platforms. If you are a lawyer, for example, who specializes in tax law, maybe around March/April, you do a hangout to field questions from laymen who are missing out on refunds they could be capitalizing on. Or maybe you’re a nail technician with your own store. A Google Hangout could be used to run a quick tutorial on a popular nail design or nail painting technique. The possibilities are endless, and if leveraged the right way, can enable your business to grow immensely.
Moral of the story: Don’t sleep on Google Plus. Just get out there, create an account and explore the possibilities. If you need help, please don’t hesitate to reach out to us. We love to chat! Feel free to leave comments below or mention us on Twitter!
Social media marketing is a not a difficult concept. It’s pretty logical and straightforward once you understand the basics, but a lot of times, you simply don’t have the time to break it apart and figure it out. Social media management requires consistency, constant effort. It requires strategic planning and research, and can turn into a full-time job if you’re really trying to make your social media presence work for you. The problem is that you didn’t go into business to spend 4-8 hours a day on your social media marketing. As a small business owner or an independent business professional, that time can be spent doing other things for your business and focusing on your core values.
Most professionals understand the importance and value of social media management. Even so, social media management is usually the first thing to fall to the wayside due to the fact there is simply not enough time to execute an effective social media plan. That is where social media professionals come in. As social media professionals, we’ve dedicated our time and energy to focus on mastering the art of social media management. Due the fact that social media marketing is what we focus on, we’ve taken the time to learn how to make social media work for you.
Here are 3 major reasons to hire a social media professional.
We know all things social media, just like you know all things pertaining to your industry. You wouldn’t let your local plumbing expert build you a car because your local plumbing expert is neither a mechanical engineer, nor an auto mechanic. If you want it done right, it just makes sense to hire an expert to do expert work. We always say not to overthink social media, but you really shouldn’t underestimate it either. If you want your social media platforms to be effective in helping to grow your online presence and increase revenue, this isn’t something you want to half-ass. Consulting a professional will help to point you in the right direction and enable you to understand where your focus should be pertaining to your social media account. Often times, we try to absorb too much at once, and when you’re trying to start, operate, and market your business, it’s hard to figure out what aspect to focus on. A good social media professional can help you assess everything and put it into easy, bite-sized pieces that can better fit into your schedule.
You want to get to the next level in your business. We’ve encountered several clients who’ve done an awesome job in marketing themselves via their social media accounts along with other methods, and seem to be experiencing great success from their organic growth, but have gotten to a point where they don’t seem to be growing anymore and the strategies they’ve previously implemented have become less effective or completely ineffective. At this point, it makes sense to contact a social media professional to help you get from behind that brick wall. As professionals, we can assess your current strategy and pinpoint where the issue is and how to improve upon it. If you seem to have done a great job on your own, imagine what can be done if you bring us in to help out!
You simply don’t have the time to figure it out BUT you know it’s important and want it done right. There’s no shame in admitting that you don’t have the time to do social media, the shame is when you completely ignore it and act as if it’s not important. (Shame on you!) Several social media professionals, including ourselves, offer the option of full implementation, where you essentially outsource your social media platforms to us and allow us to manage the whole kit and caboodle. This is where you absolutely MUST MUST MUST hire a professional. Social media professionals, the good ones anyway, can help you create an online identity for your business; not just a presence. An online identity is essentially your brand i.e., the culture of your business, its voice, stylistic aspects, appearance… all of those factors that are usually afterthoughts or non-thoughts to a non-professional are primary points of focus to true social media professionals. It’s the little things that set you apart from the competitor that a social media professional can contribute to your business when you don’t have the time. We take the time to understand and dissect your target market and mold your social media marketing platforms to fit that demographic.
Easy peasy, lemon squeezy…Basically it makes your life easier by hiring a social media professional. Those 4-8 hours it takes to make your social media what it needs to be to differentiate yourself could easily be spent focusing on the core values of your business/ personal brand. Even if you only seek consultation and don’t go for the kit and caboodle route, you can save time. If you can save an hour a day, 5-7 a week, 20-30ish a month, where would you invest that time? A nap would be nice, meditation, lunch, a new project, a craft, perhaps? As entrepreneurs, we struggle with time and often try to be too many places at once, with a social media professional, you can streamline all of that and be more efficient with the mere 24 hours a day that we are all allotted. It’s really a no brainer =D
As always, share your ideas with us. We’d love to hear what you have to say. We hope you found this post useful and informative. Please leave your comments below and feel free to connect with us on Twitter!
And what better way to kick off our return then with a post discussing all the reasons why we love advertising on Facebook again! So, as many of you know, back at the end of 2013 Facebook decided that make some changes to their algorithm that left a bad taste in the mouth of most marketers and businesses. We all have watched as page posts’ organic reach fell from 16% in February of 2012 to around 6.51% in March 2014, according to Edgerank Checker.
Many felt that Facebook was double dipping, charging advertisers to have their posts viewed by the very individuals they just paid to like their page. A lot of people were ticked off and began deleting their Facebook pages as a form of protest. There was even a YouTube video, Facebook Fraud, that went viral and urged many not to wast their time advertising on the platform. Let’s just say people we’re angry and many began to pull back their presence on the platform.
Truth of the matter is that from Facebook’s standpoint, their primary focus is on the general user not the business pages. We can only assume that they believed that by changing the algorithm they would maintain the integrity of the site from the user’s standpoint. However, now Facebook is a publicly traded company, which means it is now accountable to shareholders too. And shareholders want to see profits, which are only generated on Facebook through the ads that businesses run.
So we can only speculate that all of the Facebook Fraud backlash has led Facebook to make changes to the algorithm yet again as well as completely overhaul the process for advertising on Facebook to make it a lot easier on advertisers. So here are our top 5 reasons why you should love advertising on Facebook again:
6 ads for the price of 1. Now when you create an ad to drive traffic to you website Facebook allows you to select up to 6 images that can be used to service your ad over the length of your campaign. This doesn’t necessarily mean that they will all be approved by Facebook but if you adhere to the ad guidelines a majority should be approved. We love this because it’s a great way to see which ads make the most impact on your target audience. Facebook has now made it very simple to do some A,B,C,D,E,F testing on your advertising which means they next time you run an ad you can make the necessary tweaks for even better results.
Watered Down. Previously when you ran an ad on Facebook you probably spent a good majority of your time trying to figure out what the heck they were talking about. The different steps to running an ad were not very well defined and left most newbies to the process scratching their heads or giving up on running an ad all together. Now once you’ve selected the appropriate objective for your ads, all you need to proceed is clearly stated for you on one easy to read page.
Conversion Pixels. This small line of code allows you to track the actions being taken on your website by the traffic you drive there with your Facebook ads. Now the downside of this is: if you know nothing about code or even how to access the back end of your website; you’re going to need to have your web developer place the code for you which can be a pain. However Facebook has even simplified this by allowing you to email the person right from the ad set up with the pixel code and instructions on how to proceed. The good news is that once it’s done, that’s it! You can continue to utilize the pixel over multiple ads. Just keep in mind that there is a pixel for each type of conversion that can happen on your site, such as checkouts, registrations, leads, web page views, adds to carts and more. So if you need some help, make sure you simply add all of the conversion pixels that pertain to your site all at once. Once a pixel has been added, you’re ready to start tracking the actions of your audience and can begin to determine how to best convert those individuals into paying customers.
Hello, Power Editor! So Power Editor is still a fairly new addition to Facebook ads, and many business owners still don’t know it even exists. This may explain why Facebook made it more accessible in the new ad setup under audiences. If you’re not using this feature when running your ad, you’re wasting your money. What we love about this feature is that it allows you to specify who your target audience is, providing you with more control over who sees your ad. In working with different clients we’ve seen a number of clients run ads that were shown to “everyone”, not realizing that they could target their ads to an audience within 25 miles of the physical location. If you choose, you can be very specific in your ad audience, but we would advice you find a balance between broad and specific. You don’t want to be too specific and miss the opportunity to attract new followers. Nor do you want to run the risk of being too broad that your ad isn’t seen by enough of your target audience.
Campaign pricing just got simpler. Simply tell Facebook how much you’re willing to spend over the duration of your campaign and let Facebook do all the math. We personally suggest selecting the lifetime budget option unless your plan is to have an ad that continuously runs, in which we would suggest selecting the daily budget. Understand that while Facebook may approve your ad and run it, your ad is competing for that space and therefore can get bumped by ads of advertisers willing to pay more per click or impression. Our advice is: if you select the manually set, price per click option, we advise increasing your bid to slightly higher then the price the system generates. Understand that when bidding, if you choose the pay per impression options your paying the every 1000 individuals who see your page. Paying per clicks ensures that you only pay for the people who appear genuinely interested in your page, because they clicked on your link.
As a side note, we want to stress that if you’re going to spend your hard earned money on Facebook ads make sure it’s worth it for you. To date, paying for page post engagements and page likes has proven to be quite ineffective from an ROI standpoint. Website clicks and conversions still remain the best option for measure the effectiveness of your ads against the money you spent.
As always we hope that you found this post useful and informative! We encourage you to leave your comments below and connect with us on Twitter!
In the previous post, we discussed what you should be measuring from a beginner stand point, your inputs, outputs and outcomes. But you will need to look at much more if you want the complete picture, what you’ll need to look at is your business metrics. Business metrics looks at things like Market Share, Revenue, Profit, Average Order Size, and ROI. It is these metrics that allow you to access the overall health of your business and evaluate the impact of your social media efforts. But in order to do so effectively you will need to analyze one action’s impact at a time.
In Part 1, we were just beginning to touch upon data sources, the various software suites and platforms that store all of the information regarding your business. Let’s break down what these common data sources are:
- Corporate Finance Systems: for many these systems bridge the gap between Accounting and Management. For these systems its all about the numbers, they look at everything from profits and losses to employee productivity to provide you with valuable insights to improve your business. Very often these robust systems are able to provide you with industry benchmarks and forecasts. Developers of these types of systems include but are not limited to Intuit, Sage, Adobe and Oracle.
- Media & Marketing Plans: maybe you did one before you went into business, maybe you didn’t. But typically if you take the time to do these thoroughly they can be a treasure trove of data and a great jumping off point when it comes to developing and implementing any marketing or sales strategy.
- Customer Relationship Management Systems (CRM): these systems typically hold tons of data on your direct interactions with your existing customer base. Examples of commonly used CRM are Constant Contact, Mail Chimp, HelloWorld, Infusionsoft and Salesforce.
- Market Research: which has never been easier in this digital age, are the surveys and polls you conduct with your existing customers. You’ll be surprised by what you will learn about your business if you only take the time to ask? Online services such as SurveyMonkey, make it fairly simple to get started.
- Web Analytics: such as Google Analytics, provide you with insights on your website traffic, as well as your overall online presence.
- Social Network Data: these are the insights provided to you by the social platforms you use.
- Digital Ad Serving Platforms: online ads and banner management has never been more convenient and measurable then they are with Google Adwords. Your able to gain insights into the types of actions your ads invoke.
- Online Videos: one can not deny that video is becoming even more of an integral part of online marketing and social media. YouTube, by far the largest video platform, provides you with additional insights into the impact of your visual and media efforts
Once you’ve had an opportunity to compile data from all of your appropriate data sources, its time to analyze. Analysis is the ability to break down material into its component parts. It is a process that serves to make improvements and streamline efforts. So it’s wise to regularly analyze your efforts. In Sexy Little Numbers, the process discussed is the A2A – Analysis to Action – framework.
It all begins with the data phase. This is going to require you to import all of your data into an Excel spreadsheet. To simplify things you can utilize the Analysis ToolPak in Excel. During the analysis phase you want to figure out what worked and what didn’t work by asking the right questions. For Example:
- Does one ad work better than another?
- Does time of day and day of the week factor into a campaigns success?
- Does length of campaign play a part?
- Which products or services did well during a particle campaign?
From here you need to begin testing. What’s working, and what would the impact be on your business if you saw a small percentage increase or decrease? Knowing what doesn’t work allows you to re-work content, redistribute it, and analyze the new data. You have to be willing to do a little experimentation, going beyond A/B Testing and begin running A/B/C/D/E/F Testing.
Moving in the process from testing to share and execute, is the point at which action is required. In terms of the A2A framework the share step refers to sharing the insights of all the analysis you’ve done with your company’s team. Together you can begin to develop more engaging content and plan execution strategies based on the information your organization has.
Next week we’ll look at a hypothetical case in order to illustrate the process in action. As always we hope you have found this post to be informative. We want to hear from you so be sure to leave a comment below!
This series is based on the wonderful teachings found in Sexy Little Numbers by Dimitri Maex
This week we wanted to dive deeper into analyzing and measuring your efforts when it comes to utilizing Social Media Marketing for your business. After the Content Calendar Series post on Metrics one of our fellow Social Media Marketers asked if we could give some insight on the analysis side of things. So we took the time and did some homework, looking for the best insights on the subject.
***Side Comment: There is a lot of information on the internet, but very rarely do we feel that it provides real insights. So as great as the internet is, we believe some of the best insight and advice you will ever get can come from a book. Take the time to visit your local library, many Social Media Marketing books are quick and easy reads that are just chock full of great advice!
In our Content Calendar Series, Part 2 we discussed setting up metrics to measure your success. At this point, you know that you need to be calculated with your efforts while remaining flexible in what may come. But when faced with all the data you’re able to collect, things can start the get fuzzy. For many business owners it can feel like numbers overload. Fact of the matter is the answers to the questions you have are there but you have to know which ones to focus on to avoid the overwhelm. And as we write this post we too begin to realize this will have to be another series. For, in order for us to give you the insight you need in an easily digestible manner, we will need to break it up for you in order to go in depth.
What’s your KPI? How do you measure your business’ success outside of social media?
Do not overlook the significance of identifying what indicates success for your business. Many make the mistake of not taking the time to sit with themselves or their staff to define what the key indicators are. Only from there can you start to set clear objectives that you would like to achieve with a campaign or your overall social media presence. Be sure to prioritize these objectives; success requires a level of planning and effort…. Don’t skimp on the planning! Big brands can spend up to weeks with an entire team planning just one social media post. Don’t just assume you’re going to wing it and then knock one out of the ball park! It could take you months to harvest the fruits of your social media labor.
Skip this part and you’ll soon learn that everyone has a their own definition of success for the company. Which, for you, will only equated to wasted time, effort, and money! Once you’ve agreed upon the objectives, review each one to insure it has a metric (a standard of measurement), a benchmark (rates your performance among the competition), and a time frame. Those that don’t, rework to fit the criteria. Without these three elements your objectives are merely desires.
You want your objectives to be SMART:
SMART objectives are your Key Performance Indicators. Establishing and implementing these measures, requires you to take things a step further with Action Learning Indicators. These indicators tell the story behind what drives certain KPI’s. See, it’s not enough to just measure your KPI, you also have to understand what factors will cause a metric to go up or down. For example, say you’re currently running a marketing campaign to drive ticket sales for an event. You may say we’re going to run a 4 week campaign with the objective of selling 100 tickets, and based on past event ticket sales you may begin the campaign confident that you’ll achieve this objective quickly or driven to hit a new target. Either way there are a ton of action learning indicators that you could associate with this objective such as from what platform or ad did the sale come from, what time of day was the purchase made, where is the customer from… Which ties back to your understanding of your audiences’ online intended actions.
Now you have what you need to begin getting down to the good stuff… Tracking how well you’re actually doing!
This is where the data comes into play. Like many small businesses, chances are that the data is spread out all over the place, but you can export reports from the various platform ad managers and your Google Analytics into Excel. Sourcing the data is only half the battle, we also have to create a plan to measure the performance of our efforts.
Back to metrics, there are three basic types that you need to be looking at:
- Input: The investment, typically money, you make in obtaining a specific outcome. Look at how the money is being spent, it’s not enough to set a budget and allocate funds. You have to take it a step further, it’s not always easy to account for every penny’s effectiveness but you can look at the results yielded and determine where to focus your attentions. Wouldn’t it help to know what ads work best on which platforms or discover where to divert funds from.
- Output: In terms of social media, it’s all about the engagement. What is your audience’s immediate response to your campaign? Understanding how people interact with your content gives you the ability to tailor it and improve your audience’s overall experience with it!
- Outcome: Did you or did you not achieve your goal? When accessing the effectiveness of a campaign there are a few questions to consider:
- How many people know about your services, products or brand?
- How many people like your services, products or brand?
- How many people would think about buy from you?
- How many new customers have you attracted?
- How many are loyal to your brand? Loyalty should be based on your own definition, specific to your brand.
Do the work now and you will begin to find what works best for your brand. To be continued…
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