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Marketing Titbits – Tumblr, Facebook’s conversion measurement tool & Robert Cialdini’s book ‘Influence’

1.Influence
Robert Cialdini’s book ‘Influence’, is a must read for anyone involved in marketing a business. The book explores the 6 central pillars of Influence: reciprocity, consistency and commitment, liking, social proof, authority and scarcity and outlines, through real world examples and scientific studies, how and why they work. We’ve just read it and can thoroughly recommend it. For more information click here.

2.Tumblr

Tumblr has been around for a while now; however, it’s popularity has been on the increase of late. This free online tool straddles the boundary between blogging platform and social networking website. It allows you or your business to post text, images, video and other media to your own short-form blog, which fellow users can follow. You can use it to share anything that you or your business find interesting and want to share directly with your followers. The opportunities are endless and it is another great tool for helping build your online brand.

3.Facebook conversion measurement

Facebook’s update spree continues. Last month, Facebook launched their new conversion measurement and optimisation system that allows you to measure the ROI of your Facebook ads. It enables users to identify key online conversions, such as registrations or shopping cart checkouts, which have derived from their Facebook ads. Another feature allows you to optimise your ads based on consumer popularity.  Overall, the new features are designed to help you increase the ROI of your Facebook ads, which has got to be a good thing!

Don’t delay – review your marketing straight away

As the end of the year approaches, businesses need to take the time to look at how they are going to improve their marketing’s effectiveness and grow their business in the coming year.
What tools are you currently using for business growth? Are you reviewing their success? Are your campaigns actually generating your organisation new business?

No matter how brilliant, creative and unique a marketing strategy may seem to be, if it doesn’t generate results and return on investment, something needs to change.  Now is the time to go back to basics and simply look at what worked and what didn’t in 2012.

So where do you start? How do you review your marketing and what should you be looking for?

For any marketing campaign you undertake, analysis should be a vital part of your plan. If you have missed this step, or you are unsure what you should be reviewing, take a look at our 3 top tips for reviewing marketing effectiveness.

 

Email marketing – don’t ignore the data:

Many businesses understand the importance of sending out emails to their database, whether it be a monthly e-newsletter, or the occasional special offer.  A company invests time and resources into creating campaigns, but few measure the end result effectively.

There are many email software packages available to businesses, two of the biggest are Mail Chimp and Campaign Monitor. They allow you to review in-depth results generated from your emails, including open and click-through rates. The results are key to determining if your campaigns are effectively engaging with your database. An open rate indicates the percentage of people who opened your email, whilst a click through rate measures how many people actively clicked on a link and engaged with your communication.

The subject line and email address will influence the open rate most significantly.

The click through data reflects the level of engagement in your email. It shows exactly what information people are interested in. If you’re writing about multiple topics in a newsletter, click-through information can be used to determine which topics are of most interest to readers. Are the same people reading your emails each week, if so, are you following up the email with a telephone call?

Use you results to establish trends. Look at what time of day your emails are sent and what subject lines you include. Does your email include a hook?

 

Social media isn’t just for show – measure your engagement 

Like any marketing activity, in order for your social media activities and goals to be achieved, you need to put together your company’s social media strategy. Your strategy is just like your business plan; it enables you to define your social media goals and future objectives.

It is important to review the social media channels you currently use. What platforms are popular amongst your target audience and what content is worth ‘tweeting’?   In the past, a measurement of social media success was determined by the number of followers or ‘Likes’ generated through Facebook and Twitter. Google Analytics have taken their social analytics tools a step further, enabling you to drill down and measure the full value of traffic to your website coming from social networking sites. Follower engagement is also an import metric. How engaged are you with your social network? Is your content being retweeted? Are you interacting with your network?

The world of social media is constantly changing, what was popular last year isn’t necessarily relevant this year , stay on top of the trends and engage with your target audience effectively. There are many social media analytic tools out there. Some are free; take a look at Hootsuite’s free in-built analytics function or Topsy for instant social media insights.

 

Website – analyse your traffic

We can’t stress enough the importance of reviewing your website analytics. Google Analytics is one of the most powerful tools out there for businesses, providing a wealth of insight and data into the performance of your website and marketing overall. It is invaluable for monitoring and analysing traffic, allowing you to evaluate both on and offline marketing campaigns. Simply installing analytics won’t give you the results you need; value is only gained when that data is used to drive action to improve your site.

The volume of results available can be daunting; however, if you break down the data into more manageable chunks, like: traffic, bounce rate, visitor flow and keywords, you can start measuring your performance more effectively.

For more guidance on what you should be measuring with your Google Analytics, click here.

 

No matter what marketing activity you undertake, return on investment is vital.  When reviewing your marketing you need to consider every element of your campaign, from data and content through to execution and evaluation.  Reviewing your marketing each year can be the difference between having an ok year and a great one. If you have failed to generate enquiries from an advert, email or campaign, something needs to change. Start reviewing today and make use of your findings….don’t ignore the data.

Drill-down into your social activity

Following on from our July marketing seminar, last month we provided you with a blog dedicated to the importance of Google Analytics and what your business should be measuring. As promised, in this blog we delve deeper into the world of social analytics to provide you with additional tools to help you make sense of your social media presence.
Identifying social media ROI is a difficult task for any business.  We have seen a dramatic rise in the number of businesses using social media within their marketing mix over the last few years; however, many have jumped on the bandwagon with little consideration for the actual benefits to their business. Identifying ROI has been, for the most part, fairly elusive for marketers and business owners; provoking questions such as, ‘How do I know if social media activity will generate business?  Is this really an effective way to spend my time?’

In the past, a measurement of social media success was determined by the number of followers or ‘Likes’ generated through Facebook and Twitter. Many businesses struggled to see the bigger picture, often basing their decisions on assumptions, because defining a meaningful ROI was difficult. However, recent changes to Google Analytics have helped ensure marketers and businesses owners are now better informed about the impact of their social media activities on their website traffic, helping them establish how to spend their social media time and budget most effectively.

Google Analytics have taken their social analytics tools a step further with the intention of delivering the following information:

  • The full value of traffic to your website coming from social networking sites and the ability to measure how they lead to direct conversions or assist in future conversions.
  • What social activities are happening both on and off of your site to help you optimise user engagement and increase social key performance indicators (KPIs).
  • Make better, more efficient data-driven decisions in your social media marketing programs.

So how will the latest Google Analytics developments help businesses achieve the above?

New data is now available under the “Social” tab in Google Analytics, which includes:

Overview:

The overview report provides data from all the other social reports and contains a Social Value visualisation of how social networks contribute to website conversions.

Sources:

The Sources report shows the source activity based on social referrers. Google unifies different URLs that can be used to send traffic from one social network. For example, Twitter can send traffic from both twitter.com and t.co. Traffic from both sources are combined under the category of Twitter.

Pages:

This report highlights social activity per page, what happened on and off the site.

Conversions:

The Conversions data provides a quick view of which social sources drove conversions on the site.

Social Plugins:

Social Plugins is a summary of pages and the social activity that happened, such as clicking on a like, tweet or +1 button.

Social Visitors Flow:

Social Visitors Flow is a visual presentation of how visitors from social properties are navigating your website. Assuming the goal of your social media campaign is to get more traffic to your website, this report gives you insight into which social platforms are sending the most traffic to your site and what your social visitors are doing once they get there.

The reports available have the ability to drill-down further into data and reflect things like comments, shares or likes to help you identify successful social media campaigns and what works for your business.

At TLC Business, we believe measuring the ROI of any marketing activity is essential, the new tools from Google Analytics will help you perfect, tailor and manage your social media campaigns, helping you make the most your time.

Install, sign in and start measuring your Google Analytics today.

TLC Business Speaking at Wired Wessex – 27th October

Wired Wessex in October
How to do Proper Market Research – It’s Essential!
Thursday, October 27th
6 – 8 pm
Winchester Discovery Centre Performance Hall, Jewry Street, Winchester
Cost:  £10 at the door
It is not sexy but market research might just be the missing piece of your marketing puzzle. SMEs have been historically poor at undertaking research prior to undertaking marketing campaigns. All too often, assumptions rather than facts are used to inform SME’s marketing decisions.

In a challenging economic climate, it is as important as ever for SMEs to generate a return on every marketing activity they invest in. Without research many businesses are effectively just gambling with their marketing spend.

To push the odds in your favour, effective market research will remove the guess work, giving your marketing a clear focus and most importantly, a real chance of generating a desirable ROI.

To reserve your place click here.