What You Need to Know About Facebook’s New Mix Modeling Portal

thinkstockphotos-506822830We’ve written extensively in the past about how when it comes to digital and print marketing, you’re not looking at an either/or proposition. Often, businesses of all sizes are finding great success embracing the best of both worlds – reaching out to the customers who are most receptive to print channels via traditional methods and using digital resources when they’re most appropriate. We’ve even written about how you can take the lessons learned online and use them to make your print strategies even stronger.

We’re not the only people who share this opinion; it would seem. Facebook has recently launched a mixed marketing portal designed to make it easier than ever for businesses to compare Facebook-based advertisements to television, print, and other types of collateral. While this does mean big things for people using Facebook as an advertising platform, what it means for print marketers is even more interesting.

What Facebook is Doing

The social networking giant’s mix modeling portal for marketers is a significant extension of an existing partnership. Over the course of the past few years, Facebook has teamed with Nielsen (the people who tell you how many people watch the Super Bowl each year, among other things), comScore (the people who focus on digital, TV and movie analytics), DoubleVerify (a company that aims to “authenticate the quality of each digital media impression”), and others. This has all been done to provide clear metrics on how far a Facebook ad reaches, how many impressions it gets, its ultimate performance, and more.

For advertisers that rely heavily on Facebook, this means that they now have access to twenty-four different third party measurement partners to track the performance of their ads around the world, see how their ads are comparing against similar ads running in the world of print and more.

For print-based marketers, this also thankfully means that the reverse is true, too.

What This Means For You

Even if you don’t heavily advertise on Facebook, this new model is still something to pay close attention to because of the metrics at play. It’s another example of the ever-important concept of “pay attention to what is working online and use it to strengthen the foundation of your print campaigns.” Thanks to Facebook, this just got a whole lot easier.

By giving advertisers the ability to compare a successful Facebook ad to other elements of their campaign like print, people who DO happen to be heavy print advertisers can essentially come in from the opposite angle and learn just as much. It’s all a matter of perspective – the marketing mix modeling portal can be used to look at one of your successful print ads, compare it to ads that are running on Facebook and use that actionable information to feed back into the print campaign to help achieve your desired outcomes.

Print and digital advertising have historically been measured in very different ways, but thanks to Facebook we just took a big leap closer to a uniform standard that can be used in both situations. You can use the Facebook MMM Portal to see how impressions reach and other metrics translate into the real world and back again.

Advertisements

Don’t Make the Internet Angry: Important Considerations About Using Social Media as a Marketing Platform

thinkstockphotos-599793176

As a sheer marketing platform, social media brings with it a host of advantages that can’t be ignored. According to one recent study, there will be 2.5 billion unique users worldwide on social media networks by as soon as 2018. Right now, social media sites like Twitter and Facebook have the potential to effortlessly connect you with approximately 70% of the United States population.

However, social media also presents some challenges, too – particularly if you insist on taking the “tried but true” marketing techniques of yesteryear and trying to cram them into a social media-shaped box. If you want to unlock the real potential that only social media can provide, you’ll need to keep a few key things in mind.

Different Users Are Looking for Different Things

One of the most important things to understand about social media networks is that they aren’t all created equally. Someone who uses Facebook isn’t looking for the same TYPE of message that someone who uses Twitter is. The same goes for LinkedIn, Pinterest and more. While they’re all “social networks” in the strictest sense of the definition, they all have their unique strengths.

Twitter users are looking for shorter, bite-sized bits of information while Facebook users prefer longer, more thoughtful posts. A piece of marketing collateral that you designed for Facebook won’t necessarily play well to Twitter’s audience, and vice versa. You have to understand the channel you’re using, play to its strengths, and adapt across the board. Even if you’re presenting the same message on each network, you have to make sure that the delivery mechanism is optimized for the platform you’re working with at the time.

Think Young

One of the most mission critical things to understand as you move forward with social media is the fact that 90% of young adults today (defined as people between the ages of 18 and 29) are social media users. Not only that, but a third of them say that social media is one of their preferred methods for communicating with businesses in general.

In essence, this means that if you want to create the type of loyal following that will carry your business far NOW, you have to start playing to their habits on social media today. These younger users will continue to age, and if you can hook them young via social media, you’ve likely hooked them forever.

Social Media Demands Honesty

Finally, one of the most important considerations about using social media as a marketing platform has to do with what happens if things go wrong. Because of the intimate, constant connection that social media generates, anything less than honesty is not welcome. If customers have a concern, address it. If a legitimate problem arises, do what you can to make it right. If something bad happens with your company – be it a negative run-in with a customer to a full-fledged PR disaster – don’t just try to sweep it under the rug and pretend like it never happened.

Gabe Newell, a former Microsoft employee and founder of Valve Corporation, said it best when he said, “One of the things we learned pretty early on is ‘Don’t ever, ever try to lie to the internet – because they will catch you. They will deconstruct your spin. They will remember everything you ever say for eternity.”

In essence, this means that while social media can bring a lot of positive attributes to your company regarding the sheer marketing power it offers, it is also a slippery slope. If you want to use social media to develop meaningful, lasting relationships with your target audience, you can’t assume this is a given. You have to earn it, and you can never take it for granted.

What Are These New Facebook Reactions and What Do They Mean for My Business?

thinkstockphotos-515786505A few months ago, Mark Zuckerberg treated his staff to a movie night. The film…Pixar’s Inside Out. The Facebook staff watched in confused amazement wondering who these emotions were and more importantly, where is the big, blue and white like-button thumb? A few individuals voiced what everyone else was thinking…wouldn’t it be swell if Facebook allowed people to have more than one possible emotional reaction to the things they see and read?

A legendary hack-a-thon ensued, spanning an entire month. The result? We now have the choice to not just like something, but to LOVE something, laugh at something, or express shock, sadness and anger. To express our new emotions, all we have to do is hover over the traditional blue and white thumb and six new emojis emerge. For mobile users, simply hold down the thumb and your new emojis will appear.

From a social standpoint, we are all feeling liberated at our ability to express more than one emotion without the necessity of typing out a complete thought. But what does this mean for businesses and people marketing on Facebook? Quite a bit actually…

Aside from the obvious point that you can now identify and quantify how many people feel about your post, there are some handy things you can now do as a business owner that may give you an upper hand with your competition. Because these emotional responses are public, you can do some recon work and check out how people are reacting to your competitors’ content as well. Based on your gathered intel, you can now customize your content to better reflect what people are interested in.

This new functionality can also enable you to get more bang for your buck while advertising on Facebook. If you go to your Insights page on Facebook, you can access data on people’s reactions to each post. If one or more posts are engaging more individuals or are loved by more individuals, you can choose to boost that post for a fee. This takes the guesswork out of deciding where to spend your advertising dollars.

We are all well aware of the reality that it’s just not realistic that you’re going to “like” every post that makes it into your feed because sooner or later the content will be about some atrocity that’s being committed that you want to stop. So, instead of liking the post, you, like most people, just keep scrolling. It’s not that the post was not engaging, it’s just that people don’t want to “like” the content. With the new reactions, people can express sadness or anger at the content of the post, letting them know that it was read and stirred some emotion. The upside for your business is that you can post more meaningful content about issues that are important to them and not worry about losing points for attention because all of the reactions count as “likes” on your page.

People love to go negative on social media if they feel they’re not being heard. The reaction emojis can now help you avoid negative comments in your feed if something is not going quite right with your company. Have you ever had one of those days when your server goes down or your payment processing company is having issues? It can really derail your day and cause some ruffled feathers with your customers. ┬áNext time this happens, try pinning a post to the top of your page explaining the situation and perhaps offering a discount to anyone who was inconvenienced by the event. Ask them to show some love to your company by clicking the heart emoji and watch a potentially negative experience turn into an opportunity to engage in a positive way with your customers.

As these reactions catch on, you can be sure more creative ideas will begin to flow on using them to benefit your company. You may even try holding a competition for a free giveaway while also showing people how to use the new reaction emojis. Ask people to show some love in exchange for a free product or service that you offer. Not only will you boost your likes, you will also make people loyal fans. Get creative and have fun. After all, it’s what the new emojis are all about.