Month: December 2013

Your customers’ conversations span multiple networks; why don’t your analytics?

In case you missed it, this week I’ve had the opportunity to post on  Jack Myers’ MediaBizBlog Network which explains why, in order to understand the recent sensational spike in holiday shoppers’ use of mobile devices, it’s essential to understand consumers’ social media activity.

Focusing on the mobile device is only half the story. You’ll get truly valuable insights to help fine-tune marketing plans by also looking at how consumers are acting on that device.

It’s a quick and useful read — I recommend you check it out — but I wanted to highlight one of the points I raised there: Not only does social activity drive mobile commerce, but specifically social conversations that span multiple social networks and channels.

Understanding how word spreads across these networks is essential, and it’s also tricky. Neither traditional site analytics nor any individual social network’s tracking is accurate; you need closed-loop social attribution.

Referrer madness

You’re likely somewhat familiar with referrers. As a simple example, imagine I’m browsing the page http://www.coolsite.com/article123, I see a neat writeup about one of your products, and I click a link from that article back to your site. Once I get there, I view a page, maybe a few, and then make a purchase.

Your site analytics tool captured that I was referred by coolsite.com/article123, and attributed my visit, pageviews, and conversions to that source. That’s valuable knowledge for you to have, and it’s the backbone of site analytics. So far, so good.

But, now, suppose that instead of learning about your site from an article on coolsite.com, I learned about it from one of my friends while browsing Twitter on my phone? Plenty of research (and common sense) suggests these Tweets are far more persuasive than site links, let alone ads. But if you try to find these Tweets in your site analytics, you’ll come up short.

If you’re lucky, you’ll see traffic referred by Twitter’s domain t.co — and even this isn’t guaranteed. And you definitely won’t see which specific Tweet drove the visit.

Hairball of Confusion

If you can’t track which specific Tweet drove a visit, pageview, or purchase, then you’re in the dark. Good luck sorting out whether my valuable visit came from my friend’s Tweet or your own social media marketing team’s activity on Facebook.

But what if you try to work around this using Twitter’s analytics platform, and their recently announced conversion attribution tool? No dice: this only works with promoted Tweets.

And even if my friend’s Tweet were promoted, so that Twitter did track conversions from the promoted Tweet, you’d still be missing a major piece of the story: why did my friend Tweet?If word of mouth is so effective, you’ll want to know what motivates these valuable conversations. And referrer analysis or any individual network’s conversion tracking are completely ineffective here.

The Pin is mightier than the sword

SPOILER ALERT: Here’s what actually happened. Your social media team made a Pin about one of your cool items. My friend, browsing Pinterest, liked what she saw and clicked through to your site. Once there, she made a purchase and Tweeted about it — perhaps by clicking a social sharing button on your site, or by using her smartphone’s share-to-Twitter feature. I saw the Tweet, clicked back to your site, and made a purchase.

Brilliant! This is why you pay a marketing team to hang out on Pinterest all day… and it worked!

But that conversation spanned your Pin, my friend, Twitter, and my iPhone. And using referrer-based attribution and individual networks’ analytics tools to connect the dots between posts on multiple social networks and visits from different referrers isn’t just difficult, it’s impossible.

This is a big problem. If a growing amount of online shopping happens on mobile (it does), and mobile activity is driven by social (it is), and conversations span multiple social networks (they do), then gaining visibility into how social drives ROI is critical, and relying on old methods just won’t cut it.

Help is on the way

There is good news: it is possible to connect the dots. awe.sm does this by creating a closed attribution loop, capturing details about every social post made by you and your site visitors, and tracking multiple generations of sharing, even when they span multiple social networks.

As mobile drives more and more of your traffic (and conversions), it becomes critically important to understand how to engage customers in mobile.  The data shows that social is one of the most effective and efficient ways to reach and engage mobile users.  Simply put, being more successful in mobile than your competition requires that you accurately understand the viral pathways and ROI of your social media marketing. Let’s get in touch.

*Originally published on the awe.sm blog

Infographic: Entertainment Advertising on Facebook

Global revenue for the entertainment industry is expected to top $1.4 trillion dollars by 2015, and smart entertainment marketers have found remarkable success using Facebook to reach consumers.

Our latest infographic explores how the entertainment industry differs from other vertical markets on Facebook, including how men and women differ in their interactions with entertainment advertising.

Read on to learn more about what drives marketers’ entertainment success.

As with all of Unified’s infographics, feel free to repost using the embed code you’ll find here.

Entertainment Industry Facebook Advertising Benchmarks

IBM’s Black Friday study got it more than a little wrong

At awe.sm, we know that social media is currently delivering significantly more value than it gets credit for, and that a closed-loop system like the one we have built is essential for marketers to understand clicks, conversions, results and return-on-investment (ROI) on par with the performance of other digital media.

Case in point: IBM’s much-publicized weekend Black Friday study cast a big net on online shopping activity, but we think they missed a big part of the story when they claimed that only a fraction of 1% of e-commerce traffic was referred by social media.

IBM strategy director Jay Henderson told AllThingsD that in 2013, social media “hasn’t proven effective to driving traffic to the site or directly causing people to convert.” IBM is writing off social media conversion as a rounding error. But they themselves admit they don’t look at the entire social picture. Big Blue’s assessment misses a big part of the story because it’s tracking the wrong things.

IBM focuses on buzz and referrers as a proxy to measure the impact of social media. The problem with this approach is that buzz is at best a directional indicator of engagement, and referrer data on its own is a poor way to attribute traffic from social sharing.

Referrals from social networks across the board continue to increase steadily each month, up 40% on a year-over-year basis according to one study. But this impressive growth notwithstanding, the referrer yardstick was designed for measuring traffic in a world limited to websites; it generally under-reports social traffic; and it doesn’t reveal the context of social media’s impact in a world where user engagement has shifted towards mobile apps, social streams, and dynamic web applications — each of which render referrers obsolete as an attribution mechanism. (Check out this post on referrers and social media from awe.sm co-founder Jonathan Strauss if you want to explore this issue more deeply.)

Beyond missing out on a significant amount of social activity in mobile apps, social streams, etc., referrer tracking also misses the most massive area of sharing activity that ultimately drives conversion: “Dark Social”. Specifically, the shares that users initiate by cutting and pasting out of the browser address bar. Studies show that about half of social media messages fall into Dark Social’s hard-to-see abyss when they get passed around: one consumer cuts-and-pastes a URL or promo code into a text message or email. Another copies a web address from one social platform to post into another. Tracking how social messages get shared in these in-between-the-cracks areas can be very enlightening. We know because we help our clients do this all day long, and we know IBM didn’t bother.

Here’s just one example: a major fashion brand using awe.sm’s social performance measurement recently learned that a huge majority of consumers who amplified a recent social media campaign — more than 90%** — did so by following promoted social posts into the brand’s site, then by manually re-sharing the page with their friends by copying and pasting the URL. The brand’s usual measurement tools missed all this downstream sharing. With awe.sm, it was possible for them to see that social contributed to a much bigger amount of site activity and conversation than they’d originally thought.

We developed awe.sm as a closed-loop system to measure social media marketing — from the very top of the funnel (reach, engagement) to the very bottom (click-to-buy, for example). On the other hand, traditional analytical tools are often built to look at one specific channel, or they only scratch the surface and miss the big picture. awe.sm was built to allow brands to build measurement tools into a campaign at the start so they can see causal relationships and observe how posts performed on different social channels. Using awe.sm, marketers can identify alpha influencers and understand which social platforms perform best. They can collect insights in real time as a campaign proceeds, and then rapidly fine-tune and optimize the execution of their campaigns, amplify the most successful channels and posts, cut back on inefficient channels, and get more bang for their marketing buck.

Consumers are spending ever more time engaging with social media as a primary activity, so having accurate ways to measurement their engagement with these burgeoning social platforms is crucial. IBM’s conclusions under represent the conversions and sales social media is driving. Retailers and marketers who understand the whole picture — from the top of the funnel to that conversion at the very bottom — have a leg up on the competition.

*Originally published on awe.sm blog

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