7 Tips to Mastering Facebook Advertising

Facebook advertising can be a powerful tool for increasing sales as well as for growing membership in your Facebook fan pages (again, ultimately to grow revenue).  The author goes into good detail on these seven facts, read on through to explore in more detail:

  1. There are two primary destinations that can be advertised through Facebook
  2. Ad costs and impressions are heavily influenced by click-through rate
  3. Targeting friends of connections increases the relevance of your ad
  4. Facebook advertising takes time
  5. An “Action” is an in-ad Like
  6. Daily budget and daily spend limit are not the same
  7. You’re not the only person who can access and edit your Facebook ad dashboard

Are there other key points people should keep in mind?

7 Tips to Mastering Facebook Advertising Terry Lozoff, Pres/CEO of Antler Advertising on Facebook can be a cost-effective means of bringing new people to your fan page. To truly harness the value of Facebook advertising, you’ll need to dedicate time and resources to test, analyze, monitor and tweak your ads. Do this and you may just find a sea of opportunity waiting for your brand, company or event. The biggest challenge with Facebook advertising is maximizing the efficiency of your ads … Read More

via Mike Magolnick

SocialMadeSimple, making social media easier for real estate professionals

While at a Tweetup last night in Cambridge I ran into the people behind SocialMadeSimple and had the opportunity to hear a bit about their solution.  This video, from their website, hits upon many of the key points.

Those of us that work extensively with social media often forget that most people know little about how to blog, tweet, etc…, and/or are fearful of getting started.  SocialMadeSimple is working to eliminate the pain by for a very large niche, real estate and mortgage professionals.  They are taking a big picture approach and helping these people by:

  • Providing strategic plans to guide users at all levels of comfort.  Starting with a plan is critical to success.
  • Creating the accounts, if not already in place, to support social media activity.
  • Providing education on the tools.
  • Providing a library of content.  Many people sit down in front of their computer and have no idea what to write. Fresh content is added to their library providing professionals with articles they can simply share or comment upon depending on their comfort level.
  • Grading users.  Goals are only useful if you are measuring how you are doing against them.  This grading system keeps people, and entire organizations, on track.

SocialMadeSimple is a  new company but they are already gaining traction.  They recently signed a deal with Coldwell Banker Residential Brokerage of Southern California and Arizona, giving more than 6,500 agents in that area access to their solution.   I’ll keep an eye on how they progress, stay tuned.

John

PostRank Connect

The Facebook Man. Facebook is celebrating its ...

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I learned about PostRank Connect at the recent Monitoring Social Media conference in Boston and decided to give it a try as it meets my key criteria:

  • It promises to provide me with insights about my content through the PostRank Analytics application (free, for now, when you sign-up for PostRank Connect).
  • It promises to connect me with brands that could lead to mutually beneficial relationships.
  • It is FREE.

How do you sign up?

Navigate to the sign-up page and enter standard information like your username, password, and location.  Now identify your content sources, your blogs and your social media accounts.  Important points:

  • It is critical that you identify the attributes of your blogs as you set them up, making it easier to do the matching of brands and influencers.
  • When you identify your blog you must also prove ownership, like you do with Google Analytics and other similar tools, by either adding a page, an image, or making a networking change through DNS.
  • When you add a new contact source you can link it to a Twitter account.  Ideally you should also be able to tie in Flickr, YouTube, Facebook, and any number of other accounts as well.
  • To achieve the best results you should use Google Analytics to your site.  This will enable you to see how engagement and traffic tie together.

Alright, what else?

Well, return to business as usual for a couple of days, running any planned campaigns or just letting the sites run as you normally do.  After a few days log back in, select the My Sites tab and then click upon the View Analytics button.  I set this up for a brand new community that I am very slowly tweaking and very slowly rolling out.    When I view analytics for this site I see the following:

You can view, side by side, the page view information and the social engagement information associated with this site.  If you scroll beneath this first chart you will also see all Facebook status updates and Twitter messages that are related to content or pages you are tracking for this site.  By default all blog posts (tracked via RSS feed) are tracked.  Other content must be added manually as part of the setup process.

Deeper analysis?

You can click upon the Analyze menu to download a CSV file which I am, at this point, unimpressed with.   You are not given the option to choose a date range or fields to include in the CSV file and the data, at least for my test site,was not useful.  I am looking for, and hoping to see, PostRank put a lot more into the reporting for this solution.  This offering is not significantly more powerful than Google Analytics alone.

My verdict?

The product is easy to set up and requires a minimal effort to interact with.  If you are already making use of Google Analytics and investing in Twitter and Facebook than you should give this product a try.  If you are not using Analytics, however, I would not both using this product.

John

Vietnam seems to understand Government 2.0

Coat of arms of Vietnam

Image via Wikipedia

Government 2.0 is a citizen-centric philosophy and strategy that believes the best results are usually driven by partnerships between citizens and government, at all levels.  It is focused entirely on achieving goals through increased efficiency, better management, information transparency, and citizen engagement and most often leverages newer technologies to achieve the desired outcomes. Government 2.0 is bringing business approaches, business technologies, to government. (as defined by me :-) )

Vietnam is launching a program next year, investing $90 million dollars which, beginning in 2015 they expect to create annual returns of up to $1.5 billion.  Dr Phung Van On, Director, IT Center, Office of the Government, states that “To make it work, the government has proposed a comprehensive plan to ensure there is the appropriate legal framework, the right financing, human resources and implementation strategy.”    A top down goal-oriented approach that recognizes the following is key:

  • You must invest money in training, technology, and people if you are to drive real change.
  • Laws must be clarified for all those working to drive change.  In some cases laws may need to be modified, through proper channels of course, to support growth.
  • Technology will often be a key enabler.  In fact, the majority of the savings Vietnam expects to see will come from a shift to the web for everything from citizens paying taxes to government acquisitions.

While we must wait a few  years before we know if the ROI being predicted is achieved it is clear that the country is already benefiting from the government 2.0 philosophy.  The Vietnamese tech sector, as noted in the article,”.. grew by 20 per cent (to US$6.26 billion) in 2009 despite the global economic downturn, and the government is targeting three times GDP growth through to 2020.”

Are outcomes guaranteed?  No, nothing in life is for sure.  However, a strategic approach with intelligent investment will deliver results. 

John

Email, social media, and coupons makes the CFO smile

Facebook's homepage features a login form on t...

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While attending the Monitoring Social Media Conference I had the opportunity to listen to Mark Schmulen, General Manager of Social Media for Constant Contact (affiliate link), discuss a case study centered on the combination of e-mail plus social media.  The study focused on how Dingo, a pet product company,  leveraged Facebook plus Constant Contact to achieve impressive revenue growth.

In searching the web I found a good overview of the social media accomplishments from this campaign. However, those are but part of the story and miss the real business outcomes.  I will summarize the article and add the rest of the story to help you better understand what took place.

Their goals?

  • Capture more Dingo users, adding to their existing database of power users.
  • Find dog owners who haven’t tried Dingo and drive trial of their product.
  • Utilize the power of Facebook to build a community in which Dingo could have easy, real-time interaction with consumers.

Their Tactics

Dingo began the campaign with 330 fans on their Facebook page and around 9000 users in their mailing list.  Dingo added the Constant Contact tab to their Facebook page and offered a $20 coupon to the first 5000 fans that joined their mailing list and liked the page. 

The Outcomes

In just three days they had passed the 6000 fan mark and their mailing list surpassed 14,000 users.  Even more important, however, than these metrics, were the sales numbers.  During the month of this campaign they grew monthly sales by 22% (3 or 4% was their normal monthly growth) and 45% of this growth came from new customer accounts.  That’s right, 45% came from new customers.  The strategy proved itself to work very well in driving revenue and customer acquisition.

After the promotion ended?

Mark did not go into the life after the campaign as he had other studies to discuss.  However, in checking out their Facebook page they now have 7,445 fans so we can see the growth rate has not continued.  The coupons plus the use of social media probably provided the largest incentives.  Also note that they are running a new campaign which ends on October 29th, pushing to reach 25,000 fans.  I’ll keep an eye on how this progresses and let you know.

John


Emails for Small Business with Constant Contact

Foursquare’s days are numbered…

Image representing Foursquare Solutions as dep...

Image via CrunchBase

 

I have said it once and I will say it again, Foursquare will not survive this year (yes, 2010). I know that anyone who loves Foursquare will completely disagree with me and they would probably be smart to do so given that there are only a couple of months left this year. However, beyond the outage that the blogger I am linking to below speaks about: 

  • Remember Facebook Places?  Turns out that Facebook was granted a fairly broad patent covering Location-Based Social Networks And Checkins .  The announcement today means that they could effectively shut down Foursquare, GoWalla, and others that are in this space.
  • Foursquare is still tiny.  As of the end of August they had reached 3 million users.  Even if we assume they have now grown to 4 million users, which I doubt, they are less than 1% of the size of Facebook.
  • Foursquare still does not have its services business in order.  From personal experience I can tell you that as recently as September 27th I requested a Foursquare Special for CityCamp Boston, deciding to try to give Foursquare a shot for this event.  As of now (8+ days later) I can tell you I have not heard a single word (email, phone call, smoke signal, or carrier pigeon) from Foursquare.

Take my advice.  If you are not yet on Foursquare, don’t bother.

This post on their recent outage is to blame for me writing this anti-Foursquare post.  Please send all complaints to that author. :-)  

Foursquare's Downtime: Does Anyone *Really* Care? I’ve seen a lot of talk over the past couple of days about Foursquare being down and somehow that’s a big problem worthy of several news stories and blog posts.  Sure it’s a hot topic, so everyone is jumping onboard – but I propose that if Foursquare went away tomorrow, most people wouldn’t even notice (except the VC’s who funded the $21.4M for the startup). If you haven’t heard, Foursquare is a location-based application you download to your  … Read More 

via (Not so) Deep Thoughts 

Great uses of Twitter at conferences

I had the pleasure of attending the Monitoring Social Media conference in Boston yesterday.  While I was there to discuss Social CRM, I took the opportunity to listen to a number of other speakers.

All of the speakers were great.  However, Aafia Chaudhry, CEO, JuvoLab & Founding Partner, Noesis, did a really nice job presenting the findings of research she performed at a recent conference.   She analyzed how companies at a recent medical conference were utilizing Twitter as part of their conference communication efforts.  Her findings, summarized on this slide, fall into two main categories:

Driving traffic to your booth and your website.

Aafia noted that one company had a large display setup at their booth where a twitter stream of conference-related tweets displayed.  People gathered at the booth to catch up on key highlights and to see their names scrolling by, it was a success.  One company, however, became so self-promotional in their attempts to drive traffic that the twitter audience became frustrated and negative towards their tweets, having the opposite effect.  Add value and respect your audience, good things will follow.

Educating the community

Adding value, providing education…. These are the  keys to success on twitter and beyond.  Many companies provided updates on treatments, disease-specific facts, and medical trials.  These updates, this information, was not about the company but was valuable information that others at the conference, and those not at the conference, could benefit from.  Become a trusted source of information and people will come to you.

Twitter, Facebook, Email, and other communication methods can supplement your in-person efforts at a conference.  Don’t miss out.

John

Posh Concepts Tip of the Week: Public Relations Builds a Brand not Advertising (via Posh Concepts)

A Starbucks barista.

Image via Wikipedia

Interesting post.  I disagree somewhat in that I feel advertising and public relations (and customer service and sales and…) all play a role in defining your brand.  However, I wanted to share and get your thoughts.

Posh Concepts Tip of the Week: Public Relations Builds a Brand not Advertising Posh Concepts Tip of the Week: Public Relations Builds a Brand not Advertising Public relations offers many ways of getting publicity for your company, such as the press release, the use of social networking, word of mouth (WOM) and also using the blogosphere which journalists flock to these days. Building a brand is not achieved through advertising, but rather publicity. A prime example of this is Starbucks who had spent less than $10 million in … Read More

via Posh Concepts

Since the future begins with local engagement/involvement….

Looking south from Top of the Rock, New York City

Image via Wikipedia

 

While large organizations are clearly delivering value to the public and private sector it is important that we do not lose site of the importance of small organizations, local governments, and their ability to drive positive changes.  According to census numbers and numbers published by SBA for the United States alone we know that:  

With these numbers in mind I have launched a brand new community, Our Town Talk.  This community will evolve as membership grows, meeting the needs of our members.   

The mission for this community is straightforward and summed up as providing a place for citizens, small business owners, local government employees and politicians to come together and share their thoughts on what is good and what is not so good in their communities.  Over time I would love to see this become a place where citizen 2.0 is standardized and becomes a reality.   

While these goals are worthwhile we will need to be patient and seek to grow this community to the point where a critical mass is achieved.  In the mean-time, note:  

  • The community is absolutely FREE.  It is ad-supported and I want to keep it this way to make sure there are no barriers to entry.
  • There are three members today.  As I noted, I literally just launched this. :-)
  • As new members join I will create areas for the towns they are from.  I expect this to be a very slow growth community and we should be able to keep up.
  • If you have  ideas, share them.
  • Invite friends and play to see how this can add value to your community.
  • I am aggregating job listings  and daily deals from around the web and will continue to add to these to continue to give more value.

If you believe your town needs an easy to use platform stop by and give it a try.  

John  

My concerns with not feeding the trolls

Please, do not feed the trolls!

Image via Wikipedia

 

One of the laws of social media that I regularly hear is “don’t feed the trolls“.  There is, to be honest, many good reasons for this, including, but not limited to: 

  • They waste precious resources, often driving focus away from real issues, real goals.
  • They can never be pleased.  They are people that simply want to complain about something.

Alright….  They are noisy, they waste time, and you’re simply going to ignore these trolls anyway….  

However, sometimes people confuse not feeding the trolls with not listening to negative feedback, with those that disagree with their message.  The next time you begin to turn your back on the trolls ask yourself if there is any truth in their message.  Good luck out there. 

John 

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