Paid Social Media: Why You Need It And What Is Available

Paid social media, sometimes known as social advertising or native advertising, is simply paying for distribution or views in social media channels. This can take the form of promoted, sponsored or boosted posts and other types of ads that appear in people’s news feeds or other places in social media channels. Two general terms have emerged to describe paid social media. Social advertising is advertising that relies on social information or networks in generating, targeting, and delivering paid marketing communications. Native advertising is paid marketing communication that delivers useful, interesting and targeted information in a form that looks like the site’s native, or non-ad, content. Some social networks offer other forms of paid such as display ads, text ads, pre-roll, or filters in the network.

The need for paid social has been increasing as organic reach, (percent of followers or fans that see your posts) has been decreasing significantly. Organic reach is the number of unique people who saw a social media post through unpaid distribution. Paid reach is the number of unique people who saw a post as a result of paid distribution. Organic reach is often calculated as a percentage by dividing the total number of users reached by the total number of posts. This is usually collected within a specific time frame such as 30 days. Then the average number of users reached per post is divided by the total number of followers or fans (page Likes). Getting someone to “Follow us on Facebook” doesn’t deliver nearly as much guaranteed exposure today. Below are the average organic reach rates for some of the top social channels:

  • Facebook Average Organic Reach: 2.27%
  • Twitter Average Organic Reach: 3.61%
  • Google+ Average Organic Reach: 0.09%
  • LinkedIn Average Organic Reach: 20%
  • Instagram Average Organic Reach: 20%

Of course, these are averages and there are strategies to get above average organic reach. Some manage to maintain amazing organic reach with high engagement or other methods. A recent study found that some smaller Facebook pages are managing to get average organic reach of up to 11% on Facebook. Yet that is still low and for most paid social is becoming a necessary part of the social media plan.  The good news is that paid social can be one of the more effective forms of paid advertising. eMarketer reports a survey that found nine out of the top 10 most effective marketing tactics included sponsored social media messages. TV commercials were the only nonsocial marketing tactic in the top 10.

Organic is still very important. As the Adobe blog points out, organic (non-paid) social has the benefits of branding without a budget by lowering marketing costs, building loyal brand communities (measured by engagement rates), and taking advantage of new social networks, early adopters and niche audiences. But adding paid social media to organic posts helps extend your message by increasing reach. Paid social also provides customized targeting, retargeting and improved insights with advanced analytics and testing.

As established social channels grow more crowded and move towards algorithms like Facebook, Instagram and Twitter the number of paid social opportunities are growing. For a quick guide to the top social channels that offer paid options see the free downloadable chart below:

Paid Social Media Guide to Social Advertising and Native AdvertisingHere is the current list of the top social media paid options (click on each link for more details of each offering).

In social networks Facebook Business offers Boosted Posts and ads that can appear as Sponsored Posts, Suggested Apps or Display Ads. LinkedIn Marketing Solutions offers highly targeted Sponsored Content, Sponsored InMail, Display Ads and Text Ads. LinkedIn Talent Solutions also offers specialized options for hiring such as Recruiter, Job Posts, Job Slots, Career Pages, Referrals and Work With Us Ads.

In blogs and forums Tumblr Business offers Sponsored Posts and Carousel Posts, Sponsored Video and a Sponsored Day that pins a brand on the dashboard with an Explore Page tab with exclusive brand content. Also consider Sponsored Blog Posts which is paying for a post to be written on blogs. Sponsored Post Companies or Communities connect companies with bloggers.

In microblogs Twitter Business offers Promoted Tweets for Clicks, Followers, Engagement or Apps Campaigns. And Pinterest for Business offers ads by Promoted Pins to build awareness, increase engagement and drive website traffic.

For media sharing social channels YouTube offers in-stream Pre-Roll Ads, Video Ads and In-Video Overlay, plus Display Ads, and Video Mastheads. Instagram for Business offers Sponsored Posts as Photo Ads, Video Ads or Carousel Ads to increase awareness, visits or downloads. Snapchat Advertising offers Snap Ads, Sponsored Geofilters and Sponsored Lenses. Brands can also sponsor LIVE or DISCOVER stories with publisher partners. Flickr offers in feed Interactive and Display ads through Yahoo Advertising for non-pro accounts. Periscope offers Sponsored Live Video Broadcasts through Twitter Amplify that include partner names in broadcast titles and branded video highlights with Pre-Roll Ads.

For geo-locaiton or geo-social Foursquare for Business offers ads to Promote Listings, Existing Messages or create Custom Messages based on location, time or action like a check-in. Nextdoor offers Sponsored Posts that appear in users news feeds and daily digest emails.

In ratings and reviews Yelp for Business offers ads to feature businesses first in Relevant Searches and Competitor Business Pages and incentives such as Yelp Deals or Gift Certificates. TripAdvisor offers Sponsored TripAdvisor Custom Content, Pages, Sweepstakes, Advertorials, Maps, Forums and Display Ads. Angie’s List offers Magazine Ads, Newsletter Sponsorships and dedicated product and category Emails.

For social bookmarking StumbleUpon Ads offers Full Page Native Advertising that promotes any content full screen on the network. Digg Advertising offers Native Advertising by working with brand partners to display and co-created content to be featured on the platform. Buzzfeed Advertise offers “custom content worth sharing” through Custom Social Posts, Video, Promotion and Story Units plus Social Discovery.

In social knowledge channels Quora Advertising offers ads that appear below relevant questions as “Promoted by” with a “Learn More” link. Ask.fm for Partners offers many options for advertising in Apps, Mobile Web and Desktop. Also consider Podcast Advertising which is Sponsoring a Podcast and the host of the show usually reads Promotional Messages for the brand and/or has Special Offers for listeners.

How can you use paid ads to support your social media marketing? Social Media Examiner reports native ads can help build brand awareness by attracting new audiences to new content or gaining a larger audience for previously published posts. Marketers can also created specific campaigns to grow followers, increase engagement and drive website traffic or app downloads.

Unlike traditional online ads, paid social ads have the advantage of building social proof (likes, comments, shares) which increases credibility and trust. Promoted or sponsored posts can also improve SEO generating more awareness which equals more authority (links and social signals) to produce better rankings. Marketers can retarget native ads to people who have come to their website to view a product or service or boost reach of content that was already successful for further exposure to a larger audience.

An added benefit of paid social media is that in most channels marketers only pay for the first interaction. If someone chooses to share your paid post subsequent views and shares are free. Yet, to get those initial interactions that lead to free organic exposure content must relevant, enticing and valuable. Most channels also offer highly targeted audience reach that can deliver native ads based on demographics, search interest, behavior, lists, lookalike audiences, job titles, industry, groups, geographic area, etc. This targeting also helps in creating content that is relevant and meaningful to that specific audience.

Many of the channels also have robust advertising dashboards to create ads, manage campaigns, set up budgets, and track results. These dashboards like Facebook Ads Manager or other third party options can make it easy to set up A/B split tests to test different aspects of ads including offers, visuals, headlines, call to actions or target audience. Detailed analytics helps to optimize paid efforts over time. Also social media monitoring platforms like Hootsuite are now adding social ad integration so brands can create and manage new ad campaigns on major networks such as Facebook, Instagram, Twitter, and Pinterest all within The Hootsuite dashboard.

For more insights into the big picture in social media strategy consider Social Media BookLogoStrategy: Marketing and Advertising in the Consumer Revolution. Free Preview: bit.ly/QuesenberryFreeSample EBook: bit.ly/QuesenberryEBook Instructor Exam Copy: bit.ly/Quesenberry

 

 

 

Visualize Your Marketing Strategy To Form A Solid Foundation For All Marketing Communication.

Social media actions and even plans can exist on their own, but without having an understanding of the marketing and business behind them, they could be acting in vain. Even communication focused disciplines such as advertising and public relations now acknowledge the need for broader marketing and business knowledge. Incite’s State of of Corporate Social Media report of global corporate social media professionals found that 90% say social media is an important part of their marketing strategy and 80% say that social media is an important part of their business strategy.

To help understand how social media fits into the bigger picture of marketing and business I have created a visual template for a basic marketing strategy that emphasizes the consumer perspective. This template can help improve social media efforts by providing an understanding of the larger marketing and business perspective. It can help you speak the language of business.

To be honest most C-Suite executives probably don’t care about followers and engagement rates. To get approval and funding for social strategies you need to translate social media action into broader business goals such as sales, market share, awareness, customer retention, leads, etc. The template can also help create a new marketing plan or help plan the marketing piece for a startup. See below, but also download a free PDF here.

visualmarketingstrategytemplate-blank

Vision/Mission: Why do you exist? To make money is not a sustainable answer for employees or customers. What does the company behind the product/service stand for and where are you headed? Think: solving a greater problem, spreading a bigger message, supporting a cause, community, the environment or being the absolute best at something specific.

Back Story: People buy for rational and emotional reasons that can come from your origin story. Show your human side of starting in a garage, using your last $5, making a childhood dream come true, an event that put the cause on your heart, something you couldn’t get as a customer, happy accident, etc. Even big companies showcase their humble roots.

Business Objectives: All marketing action must help support business needs such as sales, average spend, market share, leads, contracts, awareness, customer satisfaction, retention, referrals, volunteers, donations, etc. To do this a marketing plan must start with those specific objectives clearly defined. Make sure they are SMART: Specific (quantified such as XX% or $XX), Measurable (data you can access), Achievable (not too high), Relevant (support vision/mission), Timely (due date like X months or X years).

Products/Services: List product and service offerings, lines and versions. Describe them from the consumer’s perspective turning product/service features into consumer benefits. Look for gaps in product lines and offerings from your company, but also competitors. You may need to return to this section after industry, target market and competitor analysis.

The next section focuses on situation analysis, with important areas such as industry, competitors and target market plus elements of the marketing mix or Four Ps. The important part is converting everything to the consumer’s perspective and summarize by answering the customer centric question in each section.

Industry Overview: Is the industry/category growing or declining? What innovations and trends are important? Are there gaps in offerings? What do consumers care about most? What are their pain points? Threats? Opportunities? Sum this up by answering the question, “What is their unmet need?”

Target Market: Clearly define the group most likely to have this need with demographic (gender, age, income, education), psychographic (attitudes, values, lifestyle) and behavioral (products used, brand loyalty, usage) bases. From this answer the question, “Who needs it the most?”

Key Competitors: Identify several top competitors by market share/sales in same industry and/or by replacement products/services outside the category. What do you offer that is different? With this understanding summarize, “Why should they pick you?”

Distribution Channels: What are the convenient ways the consumer can get the product/service: A single channel or multiple channels; Your own or through partners like retailers or brokers; Online or physical store? Try to determine, “Where do they want it?”

Pricing Strategy: Will the consumer pay a premium or look for the lowest price? Do they want to pay per month for access or all at once? Do they need a free version or trial? What forms of payment do they prefer? From this answer, “What will they pay for it?”

Main Message: Try to summarize all the information above into a positioning statement written to the target market. You can follow a template like this, “For the <target consumer> who <state need>, the <product/category> provides <state benefit>, unlike <primary competitor>, the <product> <state difference>.” Boil it all down to answer, “How would you say all this to them in one sentence?”

From here the decision is what consumer touchpoints need to be used to communicate or promote this message to the target consumers. Or from the consumer perspective, “How will they experience this message?”

Advertising: Do paid messages in traditional media such as TV, print, radio, outdoor, newspaper, or local school programs, stadium signs, FSIs, etc. fit your target’s media use and your budget?

Public Relations: Can you make it newsworthy? Earn media coverage from journalist/bloggers, create events, conferences, speeches and publish brand newsletters/magazines for consumer, employee, and community relations.

Digital Marketing: How will they find it online? Start with a user centered website optimized for search (SEO), then consider search ads, content marketing, blogging, email, online ads, video, affiliate and mobile marketing.

Social Media: Where is the target audience active in social media? Look at social networks, blogs/forums, apps, ratings/reviews and podcasts. Look for ways to leverage geo-location, crowdsourcing, influencer marketing, social care, user generated content and native ads.

Direct Response: Consider direct to consumer calls to action in postcards, letters, fliers, catalogs, email, texts (SMS), TV (infomercials), radio and newspaper. Collect or purchase databases of email and/or physical addresses.

Sales Promotion: What special offers could get your target to buy, try or rebuy? Consider discounts, samples, gifts/premiums, coupons, vouchers, competitions, sweepstakes, joint promotions and special financing.

Personal Sales: High involvement products/services may require a salesperson for prospecting, customization of offerings to meet specific needs, demonstration/trial and after sale service to maintain lasting relationships.

Customer Relationship Management: CRM uses databases/software to build long-term relationships with customers for retention, extension and acquisition with special communication, services/offers and rewards often through loyalty programs.

When the forms of communication come together you want to ensure all marketing communication is integrated in message, tone and look (IMC). The final considerations have to do with time and money.

Time Table: Provide a time frame for implementation of marketing recommendations. Some functions must happen before others such as product development, pricing and distribution then promotion. Types of promotion such as Digital, PR, Social Media, Sales and Advertising must happen in a specific order.

Budget: The marketing budget can be determined by one of the following methods: All You Can Afford (what’s left over), Percentage of Sales (% of projected/past sales, consider industry standards), Match the Competition (spend what main competitors spend), Objective/Task (calculate what it will take to meet objectives).

As Philip Kotler says, “You should never go to battle before you’ve won the war on paper.” Whether you are a marketer creating a new marketing strategy for an existing company, an entrepreneur planning the marketing function for a startup or a social pro improving your business intelligence to have a greater understanding of the marketing and business behind an organization this visual marketing strategy should serve as a useful guide.