Tag

facebook

Browsing

By Roger Jones.

We all want to feel connected, that we’re part of a brand bigger than ourselves. And we want the brands we support to have a similar feeling towards us.

That’s part of the motivation for some retailers, who have switched their business models to better reflect how we shop and how they reach us in the first place.

Since Facebook ads are a seemingly ubiquitous and seamless way to reach a customer base, many companies take to Facebook to engage with their audiences. That’s nothing new. However, what is a growing trend is the number of companies investing their Facebook and LinkedIn ad dollars to “dark posts”. But what are they?

bar
Think about ads for select demographics: whether a post with a status update, a video or photo, or a link to another spot. But these posts are only seen by their intended targets as an advertisement in their NewsFeed. They’re not seen on the brand’s Facebook timeline, allowing companies to try out new advertising concepts without pestering all of their followers with seemingly disjointed approaches.

Does your business need dark posts?

For companies, there are several advantages. For starters, you can hone advertising efforts to specific bands of potential customers without being visible to the world at large.

More importantly, companies can test message content without resorting to spam or looking desperate by over saturating those interested in your brand. This reduces the risk of potential customers unliking your page or blocking your ad.

Everyone wants to ensure dollars devoted to advertisement provide the biggest return on investment possible. Dark posts (or unpublished posts, as they’re sometimes known) allow brands to adjust their headlines and identify more effective times of publication and calls for customer response. This level of deployment customization allows companies to determine different levels of efficacy and utilize what works best. Companies can (and should) do so for each customer band that they’re after.

Strategizing statistics

By targeting ads to customer-specific traits, tendencies, or behaviors, brands hope to increase customer engagement. It’s important to understand the appropriate strategy for their use. TrackMaven’s research into the different reaches of dark posts versus boosted posts on Facebook provides some insight.

They identified that boosted posts received slightly more interaction overall, but dark posts were more successful in generating page likes for the business. Dark posts are also deployed for longer lifespans. Firms use dark posts for an average of 42 days versus 27 for boosted posts.

Things to avoid

No one wants to feel like a company is stalking them online. Target the ad too closely to the demographics or the customer behaviors, and the super-cute approach that’s meant to persuade engagement feels creepy. Going further in an attempt to engage users by name risks not only a loss of engagement, but a full disavowal of the brand and your products.

Also, it’s important to be specific, but not exclusionary. Facebook’s recent change allowing advertisers to create targeted ads addressing a user’s preferred (and self-reported) “ethnic affinity” has been controversial. Their advertising algorithms allowed marketers to exclude potential customers by ethnic affinity. A smart business strategy would be to ensure targeted posts reach the intended audience without being too exclusive.

Ethical concerns

Facebook is taking steps to ensure their approaches to advertising provide marketers with a wide variety of search options while remaining within the law. Responding this week to concerns, Facebook stated those ethnic affinity tools would no longer be available for marketers placing credit, employment, or housing ads.

“There are many nondiscriminatory uses of our ethnic affinity solution in these areas, but we have decided that we can best guard against discrimination by suspending these types of ads,” Erin Egan, Facebook’s chief privacy officer, wrote in a recent blog post on the topic.

Marketers outside these three areas can still utilize ethnic affinity as one of their targeting features for creating dark posts, however. Egan also added that Facebook’s new advertising guidelines would “require advertisers to affirm that they will not engage in discriminatory advertising” on the site.

Takeaway

If used correctly, brands can create a whole host of advertisements that allow customers to feel a part of the brand and do so in an organic fashion, remaining true to your overall branding strategy, one segment at a time.

Sourced from Retail TouchPoints

Despite producing a lower conversion rate than their desktop counterparts, direct response mobile campaigns on Facebook actually provide a 72% higher return on ad spend (ROAS), according to data from Rakuten Marketing.

On average, Facebook mobile ads generate:

  • 63% higher click-through rates than desktop;

  • 33% lower conversion rates than desktop; and

  • A 70% lower cost-per-click rate than desktop.

So while consumers are more likely to click on a Facebook ad on mobile but are less likely to convert, the much cheaper cost-per-click rate means retailers can optimize their marketing and advertising strategies within the social network and prioritize mobile investments.

Bob Buch, SVP of Social at Rakuten Marketing, noted that while the ROAS results initially surprised him due to the latency of the mobile experience compared to the desktop, cheaper mobile advertising costs combined with 1.03 billion daily mobile Facebook users gave plenty of reason for mobile’s prosperity.

“It’s basic supply and demand…seemingly everyone uses Facebook on their mobile phone,” Buch said in an interview with Retail TouchPoints. “The people that are accessing Facebook on desktop are becoming a rarer breed, even though there’s still a lot of them.”

Advertising on Facebook mobile costs less than the desktop option, he added. “If you are spending less to reach those people [via mobile] and to get those clicks, then even if the conversion rate is lower, the overall return on ad spend is going to be higher,” said Buch.

Social Ads Bring In 192% More Revenue Than Expected

The survey also revealed discrepancies between Facebook conversion tracking and web analytics tools, which are costing advertisers insights into as much as 192% more attributable revenue and the higher ROAS for mobile.

While the discrepancies between Facebook conversion tracking and web analytics platform are significant for mobile, they are minimal for desktop, at only 3% on average. While one might think that the inherent challenges associated with cross-device measurement accounts for the disproportionately high discrepancy on mobile, this is not the case.

So why should retailers believe Facebook’s tracking data? For one, Facebook conversion tracking captures all interactions after the shopper clicks through the advertisement, but many standard web analytics tools typically only capture the last interaction the user had before clicking through.

Additionally, web analytics platforms that rely on tracking cookies cannot accurately measure cross-device conversions, since shoppers can block them on desktop and mobile. If shoppers block cookies online, it becomes nearly impossible to measure conversions and attributable revenue for cross-device campaigns.

Sourced from Retail TouchPoints

 

By Alex Heath.

Facebook said in a blog post on Friday that it has been miscalculating more of its viewership metrics for advertisers.

One miscalculation is a discrepancy between the number of likes and shares Facebook shows for web links through its Graph API for advertisers and through its mobile search field.

Facebook has also been miscalculating the number of likes and reaction emojis that page owners see for their live videos.

This is the third time Facebook has admitted to misleading advertisers since September, when it was revealed that the social network had for years been inflating a key video-viewing metric.

Neither of the errors Facebook revealed on Friday is as important for advertisers as the previously misreported numbers for video views and other products like Instant Articles.

But the discrepancy of the numbers of likes and shares for web links could affect the accuracy of recent and widely cited investigations by BuzzFeed and The New York Times into how fake news stories are shared on Facebook, according to Marketing Land’s Tim Peterson. Both investigations relied on Facebook’s data on likes and shares to show how fakes news stories can easily go viral on the social network.

Facebook said on Friday that it’s still “looking into” the discrepancy. The company recently acquired CrowdTangle, a tool used by media outlets to measure how stories are shared across Facebook and other social networks.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

By

Sourced from Business Insider UK

By Laurie Sullivan.

Rakuten Marketing engineers believe they have uncovered a measurement flaw in Omniture, Google Analytics, Coremetrics and other analytics packages that measure the click-through rates (CTRs) and cost per clicks (CPCs) for Facebook mobile campaigns.

In Rakuten’s Facebook Measurement Divide report released Wednesday, containing the analysis of client performance data, the company reveals discrepancies between Facebook conversion tracking and Web analytics costing advertisers insight into 192% more attributable revenue and higher return on ad spend.

The cross-device campaigns analyzed reveal that attributable revenue only comprised on average 5.6% of the total revenue generated across mobile-only, desktop-only and cross-device campaigns — and as little as 2.4% for one retailer in the study.

Bob Buch, SVP of social at Rakuten — which supports attribution, affiliate, search, mobile, lead generation and more — said when the company began digging into clients’ campaigns it found that the CTR metrics were significantly higher and the CPCs quite a bit lower. “Omniture was missing 80% of the revenue, which explains why marketers are not investing more in mobile,” he said. “I’m not saying there’s something inherently wrong with the platform, but I do know it is not measuring mobile accurately for nearly every client we work with.”

Buch believes the tracking is inconsistent with what advertisers see in their Web analytics for several reasons. For starters, there are technological challenges that prevent conversion tracking on Facebook from functioning correctly, he said. In other words, there are additional conversions happening that are simply not recorded anywhere.

The report goes into more detail, outlining how post-click conversions are tracked differently by Facebook conversion tracking than in Web analytics. It also suggests that Web analytics platforms that rely on cookies cannot accurately track cross-device conversions because of the inherent challenges with identifying consumers across devices, and that some discrepancies are attributable to certain mobile operating systems and Internet browser combinations blocking third-party cookies.

Buch sees some of Rakuten’s bigger clients apply what he calls a “mobile multiplier.” He also says that it will be interesting to see what Adobe, Google and other platforms do to correct this discrepancy. When asked whether Rakuten sees this discrepancy with other social sites, he says, “I suspect this type of discrepancy would happen on any walled garden where there’s a mobile app linking to a mobile Web site, but truthfully the other social sites are not advanced enough to see the data at scale. We just don’t have the data.”

By

Sourced from MediaPost