Using social media in a marketing campaign for the sake of using social media is about as nonsensical as many Facebook wall posts. Ineffective implementation of social is a growing and problematic trend among traditional and digital marketers. However, recent findings released by Econsultancy.com may put a stop to the social madness.
According to the Econsultancy.com report, paid search eats up the bulk of online lead generation spend. Online lead generation makes up nearly half of B2C sales. What does this have to do with social media? Nothing and everything. It’s about refocusing social media to effectively engage audiences.
Incorporating social into an online lead generation campaign or any performance marketing initiative can leverage consumer interest and be a great branding tool. But having a Facebook or Twitter page to promote your products and services is worthless without utilizing performance marketing expertise to drive conversions and results through those social networks. Social media can benefit your paid search and online lead generation campaigns in the short-term and long-term as long as you are using them for engagement’s sake.
The holiday season is fast approaching. You know what that means – turkey (or tofurkey depending on your culinary preference), football and online shopping. Black Friday, traditionally regarded as a nationwide day after Thanksgiving raid on retail storefronts, is becoming more of a digital force. Based on the number of Black Friday sales offered online, Black should be replaced with Bargain. Friday branding aside, performance marketers across all channels should begin tailoring highly targeted campaigns for the day after Thanksgiving and the holiday season as a whole to drive results for advertisers and publishers.
Online coupons figure to be used heavily by savvy shoppers but focusing primarily on this tactic to generate new business could alienate existing customers. Media buys on top-performing, contextually and lifestyle relevant sites must target shoppers with purchasing intent, not passing site visitors. Opt-in campaigns must be more dynamic and consumer friendly. Banner ads need to be more engaging to increase conversions to sale. For seasonal Search initiatives, driving highly relevant traffic is key.
The strategies outlined are consistent with those of performance marketers year round. However, the holiday season presents digital marketers with a shorter window of opportunity to drive ROI. Hitting the right target, whether that is a new or current consumer, is essential.
To paraphrase Warren Buffet, it takes years to build a reputation and only minutes to ruin it. This has long been the rallying cry for performance marketers pitching Online Reputation Management (ORM). According to a recent published report in AdWeek, the message is resonating.
This summer, much maligned oil producer BP drastically increased its Search advertising spend from around $60,000 a month to over $3.6 million in June. Of course, this investment in ORM was in response to the devastating Gulf oil spill. The bulk of BP’s initial spending on advertising after the disaster was targeted toward traditional mediums. The company was forced to adjust its strategy upon realizing that people were actively seeking information on BP and openly expressing disdain for BP. BP wasn’t controlling their brand message effectively. They weren’t being proactive.
Had a robust ORM platform been in place for BP ahead of the spill, negative user posts on blogs, social media networks and websites would have been better monitored. Though the disaster still would have occurred, the aftermath in search space wouldn’t have been as far-reaching nor would the investment to clean up BP’s online reputation been as costly.
