Facebook was at one time the Holy Grail of social networks. Companies invested millions of dollars in the development and maintenance of business pages. Every person was using it, and every brand wanted to reach its clients on Facebook — but this may no longer be the case.
About 50 percent fewer fans saw brand content from October 2013 to February 2014, according to a recent paper published by Social@Ogilvy, the social arm of advertising agency Ogilvy & Mather. Because of an algorithm change, average organic reach (anyone who sees a brand’s content in their newsfeed) declined from about 12 percent in Oct. 2013 to a little over 6 percent in February 2014.
That’s a lot of people not seeing the content that marketers continue to work hard to create.
According to the study, Facebook has unofficially advised some social marketers to expect organic reach to decline to zero percent in the near future, making Facebook a pay-to-play platform.
As an agency that has fielded inquiries from existing clients as social networks rose to prominence and continues to serve as a social media expert across consumer and B2B struggles, two of the top questions we get the most are, “Which social networks should my company be on,” or “Which platform should I choose to start my business’ social media presence?” While it may make sense for us to claim that the answers to these questions are quickly changing every day as each network evolves – sometimes for better or for worse – and new ones are introduced and adopted, that’s not in fact what we’d tell you. Instead, we’d tell you that social media is not a one-size fits all practice. Then we’d start to grill you on your objectives and your audience. And you thought you’d be asking all the questions, eh?
Late last year, Facebook announced it was beginning to test out video advertisements for brands. Then, earlier this year, Instagram jumped on board this video ads train. (Makes sense considering the photo-sharing platform is owned by Facebook.) If you’re thinking “so why haven’t I seen any video ads yet?” you’re not the only one. The majority of the advertising world is patiently waiting for this new option to be available for their brands. But before advertisers begin segmenting some of their budgets to social video ads, there are a few things they may want to know first:
What will be the parameters for video ads?
The video ads will be 15-second video spots that will automatically start playing as the user scrolls over them. This is similar to how the user-generated videos on both platforms auto play. We know that on Facebook, there will not be sound playing until the user opens it up to a full-screen view.
What will they cost?
A lot of dough! For Facebook video ads, it’s expected to cost between $1 million and $2.4 million a day. Instagram says it doesn’t have a rate card and CPMs are based on factors like targeting, reach and frequency. However, some ad executives are saying that a month-long buy could be anywhere from $350,000 to closer to $1 million.
Most people have heard of Reddit. The platform has become a hot topic during major news events such as the Boston Marathon bombings. In the hours and days that followed, Reddit users acted as citizen journalists to report breaking news on the spot and working to identify the suspects. But when compared to other social media sites, it seems that most people don’t really understand how the Reddit community works or how their company could engage with it.
What is Reddit?
Original fan art by M/C/C
To start with the basics, Reddit is a completely user-driven social platform. By its own definition, “users provide all of the content and decide, through voting, what’s good and what’s junk. Links that receive community approval bubble up towards #1, so the front page is constantly in motion and (hopefully) filled with fresh, interesting links.”
In today’s world where blogging and social media provide multiple platforms for activists and customers to voice their opinions, businesses (big and small) are continually feeling pressure and hearing overwhelming amounts of criticism not for anything the company has necessarily “done” but for who they are or what they believe. It makes me think about these three important questions:
Should brands correct their haters or let the criticism fizzle out?
How can brands not get consumed by the negativity and survive the heat?
What are some real-world responses from brands under attack?
As the Greek philosopher Heraclitus once said, “the only constant is change.” That’s always been true of marketing and advertising, but the rapid shift from traditional advertising to social advertising has come at a blistering pace. According to a recent article by AdAge, in just a few short years, Facebook alone has surpassed the reach of the four TV broadcast networks in two key demographics: 18-to-24-year-olds and 25-to-34-year-olds. Pretty incredible really – and a testament to how many people are on social media. Pew Research Center issued a report and noted that an eye-popping 71 percent of all U.S. adults are on a social network. When this usage is broken down by demographic, the numbers get even more impressive: 89 percent of 18-to-29-year-olds are posting, while 78 percent of 30-to-49-year-olds are on, as are 60 percent of 50-to-64-year-olds and 43 percent of those over 65.
With that kind of volume and reach to consumers, it’s easy to understand why social networks and brands big and small are banking on social media advertising. As brands evaluate a media landscape that’s increasingly fractured, many are intrigued by the opportunity to target specific demographics, social connections, interests, and habits. Combine that targeting with high engagement and desirable demographics and you can begin to understand the growth predictions. BIA/Kelsey recently came out with a study that offers one view, forecasting $11 billion of social ad spend in 2017, up from $4.7 billion last year.
So, with the explosion of social advertising across platforms, how will consumers react? Will they continue to be receptive to messages in their social environments or will they tune out? Continue reading →
Okay, maybe selfies aren’t as extreme as the title suggests, but with social sharing sites like Instagram, Snapchat, Twitter and Imgur, selfies are becoming more and more popular. So popular, in fact, that “selfie” became the Oxford Dictionary’s word of the year in 2013.
Why pay to advertise on social media? The better question is — why aren’t you? Social media marketing is at an all-time high right now. Gone are the days to simply post and hope you engage your fan base. With all the conversations that happen on the platforms daily, brands need to start paying to be seen and heard.
With Facebook’s ever-changing News Feed algorithm, brands are having a harder time getting their posts viewed by fans. The new algorithm favors content that is timely and relevant. Posts that receive a lot of engagement or are considered higher quality, such as content from publications, will appear in a fan’s News Feed more frequently and for longer amounts of time. Therefore, brands need to seriously consider paying to promote their posts and using targeted ads to reach their intended audiences.
The same goes for Twitter! The “Twittersphere” is already very saturated with content. In fact, there’s an average of 500 million tweets per day. Brands cannot expect their tweet to reach a large audience when it can get swallowed up by the handful of other tweets that happen within the same second it’s posted. However, if a brand promotes a tweet or its account, the chances of their audience seeing them through all the clutter is greater.
And don’t forget about Pinterest and Instagram in the near future. Although the two platforms are relatively new to the advertising game and are still ironing out the details before they are open for everyone to use, brands should start to consider how they could use them when they are. This brings me to say, one of the most important aspects of social media advertising is to know which social media platforms your customers use and how they use each one. Before you even begin thinking about advertising, you need to know where your fans are and how you should be communicating with them there. For example, if you are trying to reach women and you have visually-pleasing content, Pinterest is your place. The platform is still predominately used by women. Also, if your brand is trying to reach a younger demographic, Facebook might not be the place to reach them. Younger audiences are starting to move away from the popular platform and, instead, are turning to photo-focused platforms Instagram and Snapchat. Trying to reach more of a B2B audience? Consider LinkedIn and Google Plus.
Brands flocked to squawk in 2013 proving Twitter is where the conversation is at no matter the event. These companies taught us that you don’t have to create an event and live tweet to increase brand visibility and engagement. Instead, hijack one. If done correctly, brands can capitalize on already established events such as football games, award shows, TV specials, etc., and join the already ongoing conversation alongside their fans.
Two great examples seen in 2013 — Oreo and DiGiorno.
DiGiorno captured the attention of its followers and millions of musical lovers by hijacking the highly anticipated NBC live production of “The Sound of Music,” starring Carrie Underwood. Reported as almost stealing the show, DiGiorno sent out roughly 40 fun-loving tweets with the hashtag #TheSoundofMusicLive. Often tweeting commentary about scenes that most viewers would agree with such as, “#TheSoundofMusicLive Can’t believe pizza isn’t one of her favorite things smh,” the witty one-liners were timed brilliantly to coincide with what was happening on the screen. Continue reading →
“Good morning, Mr./Ms. Marketer. This is your wake-up call. While you were sleeping, the marketing world moved on without you and your company’s brand. We hope you enjoy your stay at Ye Olde Fashioned Advertising Inn. Goodbye.”
Modern marketing rarely gives you such clear notice. That’s why this blog is here. Gone are the days when your company only needed to run clever ads in the paper or on TV, telling customers why they should spend their hard-earned money on your product. Instead, technology has opened up new channels of two-way communication, and a growing number of techno-friendly customers expect your company to use these channels to engage with them on a deeper, richer basis than ever before.
Of course, there’s social media – that’s a no-brainer. Any brand worth its social salt should actively engage its audience with content they’ll find interesting and useful, not just sales messages. In fact, some of the most effective brands go further, using social media as a customer service resource, responding to customers individually in real-time whenever they report an issue via Facebook or Twitter. But social media is just one channel. The real opportunity awaits the brands that go beyond social media – to use every medium at their disposal not to talk AT their customers but to drive conversations WITH them. You can see what I mean by revisiting a legendary marketing campaign from the past.
If you were at least 10 years old in the 1980s, you might remember when Chrysler nearly went bankrupt the first time. To help turn its financial tide, the company revamped its product line and hired a new CEO. Little known to the average American when he took over Chrysler, Lee Iacocca became a household name as the star of the automaker’s TV campaign. In his commercials, he was frank and likeable and tough, and he had a patriotic swagger that America yearned for in the middle of a difficult recession.
The campaign was wildly successful, and Chrysler rebounded. But from a marketing perspective, Chrysler and Iacocca could’ve connected with America even more effectively using today’s technology.