Archive for the ‘Social Marketing’ Category

In growth marketing, creative is the critical X factor – TechCrunch

Jonathan MartinezContributor

As we move toward a privacy-centric, less targeted future of growth marketing, the biggest lever will become creative on paid social channels such as the Facebooks of the world. The loss of attribution from our good friend iOS 14.5 has accelerated this trend, but channels have increasingly placed efforts toward automating their ad platforms.

Due to this, I believe that every growth marketing engine should have a proper creative testing framework in place be it a seed-stage startup or a behemoth like Google.

After three years at Postmates, consulting for various startups, and most recently at Uber, Ive seen the landscape of marketing change in a multitude of ways. However, what were seeing now is being orchestrated by factors out of our control, causing a dawn of shifts unlike anything Ive seen. Creative has subsequently risen to become the most powerful lever in a paid social account.

If youre looking to leverage the power of creative and succeed with paid social marketing, youre thinking right. What you need is a creative testing framework: A structured and consistent way to test new creative assets.

Heres a breakdown of the pieces a creative testing framework needs to be successful:

Testing creative should be a constant and iterative process that follows a defined testing schedule. A goal and structure can be as simple as testing five new creative assets per week. Inversely, it can be as complex as testing 60 new assets consisting of multiple themes and copy variations.

For a lower spending account, the creative testing should be leaner due to limited event signal and vice versa with a higher spending account. The most important aspect is that the testing continues to move the needle as you search for your next champion asset.

4 themes x 3 variants per theme x 5 copy variations = 60 assets. Image Credits: Jonathan Martinez

After setting a testing schedule, define the core themes of your business and vertical rather than testing a plethora of random ideas. This applies to the creative asset as well as the copy and what the key value props are to your product or service. As you start to analyze the creative data, youll find it easier to decide what to double down on or cut from testing with this structure. Think of this as a wireframe that you either expand or trim throughout testing sprints.

For a fitness app like MyFitnessPal, it can be structured as follows:

Its vital to make sure you have a channel-specific approach, as each one will differ in creative best practices along with testing capabilities. What works on Facebook may not work on Snapchat or the numerous other paid social channels. Dont be discouraged if creative between channels perform differently, although I do recommend parity testing. If you already have the creative asset for one channel, it doesnt hurt to resize and format for the remaining channels.

Equally important to the creative is proper event selection and a statistically significant threshold to abide by throughout all testing. When selecting an event to use for creative testing, its not always possible to use your north-star metric depending on how high your CACs are. For example, if youre selling a high-ticket item and the CACs are in the hundreds, it would take an enormous amount of spend to reach stat-sig on each creative asset. Instead, pick an event thats more upper funnel and a strong indicator of a users likelihood of converting.

Using a more upper-funnel event leads to faster learnings (blue line). Image Credits: Jonathan Martinez

Its important to select a percentage that stays consistent across all creative testing when deciding on which statistically significant percentage to use. As a rule of thumb, I like to use a certainty of 80%+, because it allows for enough confirmation along with the ability to make quicker decisions. A great (and free) online calculator is Neil Patels A/B Testing Significance Calculator.

Youre scrolling through a social feed, a sleek gold pendant catches your eye, but all the messaging has is the brand name and product specifications. It hooked your attention, but what did it do to reel you in? Think about it: What are you doing to not only hook, but reel people in with creative the make or break it factor in paid social growth marketing?

Creative testing is only getting tougher for mobile campaigns as iOS 14.5 obfuscates user data, but that doesnt equal impossible and simply means we need to get craftier. There are a variety of hacks that can be implemented to help gain clear insight on how creative is performing some may not last forever and others may be timeless.

Amid all the privacy restrictions, we still have access to a huge population of users on Android that we should take advantage of. Instead of running all creative tests on iOS, Android can be used as a clear way to gather insights, as privacy restrictions havent rolled out on those devices yet. The data gathered from Android tests can then be taken directionally and applied to iOS campaigns. Its only a matter of time until Android data is also at the mercy of data restrictions, so use this workaround to inform iOS campaigns now.

If running Android campaigns isnt a viable option, another quick and easy solution is to throw up a website lead form to gauge the conversion rate from creative asset to a completed form. The user experience will certainly not be nearly as amazing as evergreen, but this can be used to gain insight for a short period of time (and small percentage of budget).

When crafting the lead form, think of questions that are both qualifying and would indicate someone completing your north-star event on the evergreen experience. After running people through the lead form, communications can be sent to convert them so ad dollars are being put to good use.

The testing efforts for creative asset types should differ widely by account stage and can be broken down into three Is: imitation, iteration, innovation.

The type of creative testing should vary over time. Image Credits: Jonathan Martinez

The earlier an account stage, the more your creative direction should rely on whats proven to work by other advertisers. These other advertisers have spent thousands proving performance with their assets, and you can gain strong insight from them. As time passes, you can slightly slow derivation from other advertisers while focusing on iterating on the best performers. If I had to place a percentage, 80% of the effort should be on imitation early on. Iteration will naturally gain steam as winners are deemed, and innovation will be the final, heavy-lagging prong.

This isnt to say that innovation cant be attempted early on if there are great ideas, but generally, a more mature company can afford to spend heaps to validate their innovative ideas. Whether you have an in-house design team or are working with freelancers, itll also be much easier to spin up 50 variations than it will be to think of and design 50 different innovative assets. Imitating and iterating will make your early testing exponentially more efficient.

Brainstorming and trying to imagine the most beautiful, eye-catching, hook-inducing creative doesnt always happen within seconds, let alone minutes or hours. This is where utilizing competitor insights comes into play.

The most abundant resource is the Facebook Ads Library, because it contains all the creative assets every advertiser is using across the platform. It always surprises me how few actually know of this free and powerful tool.

When browsing through competitors or best-in-class advertisers in this library, a sign of a great performing creative is how long an advertiser has been running specific assets. How does one find that? The date of when an advertiser started running their creative is stamped conveniently on each asset this is beyond powerful. I can spend hours scanning through creative assets, and each advertiser provides even more intel and inspiration.

Creative should be at the top of the list as you think of where to place efforts on your paid social growth marketing. We must have a hacky mindset as data becomes more obscure, but with that mindset comes separating the winners from the losers. The types of strategies put in motion will vary over time, but what wont vary is the importance on strong creative, the make it or break it factor to success.

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In growth marketing, creative is the critical X factor - TechCrunch

Outlook on the Digital Marketing Software Global Market to 2026 – Rise in Social Media Marketing and Mobile Marketing Presents Opportunities -…

DUBLIN, July 23, 2021--(BUSINESS WIRE)--The "Global Digital Marketing Software Market (2021-2026) Solution, Type, Service, Organization Size, Industry Vertical, Deployment, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Digital Marketing Software Market is estimated to be USD 68.7 Bn in 2021 and is expected to reach USD 150 Bn by 2026, growing at a CAGR of 16.9%.

Key factors, such as the growing need for increasing sales efficiency and optimizing marketing campaigns have led to be a driving factor for the growth of the digital marketing software market. Moreover, the growing demand for marketing analytics followed by the increasing demand for automation of routine activities is further supporting the growth of the market.

However, factors such as lack of skilled labor in handling the market software and security concerns are likely to restrain the market growth of the digital marketing software market. Moreover, technological advancement with the deployment of cloud-based deployments and growing market demand for social media marketing is further likely to create opportunities for the market.

The Global Digital Marketing Software Market is segmented further based on Solution, Type, Service, Organization Size, Industry Vertical, Deployment, and Geography.

Recent Developments

1. Adobe has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers, for USD 1.5 billion. 9th November 2020

2. Salesforce has planned to acquire Slack Technologies, Inc., an innovative enterprise communications platform. This acquisition shall enable Slack to integrate with Salesforce cloud and bring about changes in the enterprise software platform. 1st December 2020

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Story continues

Why buy this report?

The report offers a comprehensive evaluation of the Global Digital Marketing Software Market.

The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Market Dynamics

Drivers

Need for increasing sales efficiency and optimizing marketing campaigns

Growing demand for marketing analytics

Increasing demand for automating routine marketing activities to reduce cost

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/2plaxo

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005328/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

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Outlook on the Digital Marketing Software Global Market to 2026 - Rise in Social Media Marketing and Mobile Marketing Presents Opportunities -...

How micro-influencers are helping brands with their social media marketing – YourStory

The ever-evolving world of social media is not limited to leisure and entertainment anymore. It has now become a major source of revenue and a much sought-after business platform by giving rise to influencer marketing.

During the COVID-19 lockdown, our recreational time switched from social outings to social media. Thus, social media became an important platform for businesses to promote their products and services by partnering with influencers.

These influencers have a concentrated reach and targeted audiences who engage with their content and help brands build credibility and drive sales.

At present, given the developments in existing businesses and the emergence of new startups, the need to stand out and branding the business well has become a necessity.

Brands are developing influencer marketing strategies, carefully targeting their audience, and planning the course of action accordingly. Social media is a huge place to be, and if used well, it holds the exponential power to open doors to new target groups and help businesses in expanding their reach.

As the influencer marketing realm continues to boom, the industry has further been categorised into macro- and micro-influencers. While both sets enjoy a massive following and engagement, micro-influencers are the niche category up and coming in the influencer marketing domain.

The advent of shifting from macro- to micro-influencers seems to be the new fad that brands are now adopting. Micro-influencers are the ones that have a follower base between 10,000 to 100,000 and are considered experts in their respective niches.

The zeal and enthusiasm a micro-influencer bring to a campaign not only opens doors for innovations but also takes them a step closer to connecting organically and being relatable to their audiences.

Micro-influencers may be small-scale influencers, but they influence almost more than half of their follower base and generate sales for the products or services they promote.

Micro-influencers have shown overwhelming conversions, thus motivating brands to increase their spending on influencer marketing rather than traditional marketing.

They not only justify the authentic reach and high engagement but have also proven to be cost-effective and are more reasonably priced.

Since micro-influencers are just another person with a strong influencing power over an average number of audiences, they leverage their power to its best and build a rather transparent relationship with their followers, which, in turn, helps them gain their trust and invest in the products/services they suggest/promote.

They have an audience following that is highly drawn and engaged with each piece of content shared. When it comes to scaling up a campaign, the micro-influencers are the real amplifiers, and tend to pick up challenges and help in building scalable campaigns.

After chasing mega influencers, brands have started to realise that it's the quality that matters, and not the quantity. Micro-influencers have a defined niche and scope of work, which helps them focus on the content they deliver.

The stats speak for themselves. Micro-influencers are found to have 60 percent higher engagement than their megastar counterparts. They are 6.7x more cost-effective per engagement. Finally, they drive sales 22.2 percent more weekly conversions than the average consumer.

With social media being a major part of our lives, influencer marketing is here to stay. In the long run, using micro-influencers, understanding their niche, and finding the right audience for the product are going to be the driving factors to survive in the age of social media and digital marketing.

Social media will never go out of style and will only upgrade. So its best to capitalise on the increased use of social media and use it as a source to drive better conversions.

As long as brands utilise these effective marketing techniques and create long-term, stable, and beneficial relationships with influencers, it will help in perfectly voicing the brand ethos.

The key to making it big in the influencer marketing space is to make sure the brand adapts to the changing needs of the consumers while also maintaining consistency.

The industry is moving towards subject matter experts, with an audience following that is highly drawn and engaged with each piece of content shared.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)

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How micro-influencers are helping brands with their social media marketing - YourStory

TikTok Names Tinuiti First US Independent Agency to Receive Campaign Management Badge within TikTok Marketing Partner Program – PRNewswire

The TikTok Campaign Management badge empowers Tinuiti to help clients develop first-ever social marketing experiences that will drive true accountability and measurable impact within a brand's larger media mix. It also expands Tinuiti's influencer program connecting brands to high-impact creators, facilitating best-in-class content creation and reducing barriers to activating on TikTok.

"This Campaign Management badge distinguishes Tinuiti as an innovative social partner for our clients who will now have access to creative opportunities that otherwise would not have been available to them. TikTok continues to make great strides with its ad offerings, especially around shoppable experiences and creator partnerships," says Kolin Kleveno, SVP, Addressable Media, Tinuiti. "Our focus will be on driving more sophisticated activations across all parts of the funnel with TikTok friendly creative and proper measurement to assess the business value of the platform."

Tinuiti has previously partnered with TikTok to develop a measurement playbook to serve as a best-in-class approach to paid media on the platform. Tinuiti already has proven success boosting client brand performance across TikTok including Revlon who exploded TikTok Topview with 10M Amazon store visits and 224K likes.

"Through TikTok For Business, we're building new opportunities for marketers to be creative storytellers and meaningfully engage with the TikTok community," said Melissa Yang, Head of Ecosystem Partnerships, TikTok. "We're thrilled to collaborate with some of the most strategic and trusted leaders in the advertising industry and continue giving marketers access to more tools to successfully create, measure and optimize ad campaigns on TikTok. We can't wait to collaborate with partners to bring a creative and joyful experience to our brand partners and the broader TikTok community."

Tinuiti looks at data holistically and not in silos by leveraging Mobius, its suite of AI-enabled marketing intelligence and media activation technology, it helps clients optimize and understand data to achieve business goals. Mobius will enable clients to use TikTok as a branding and consideration vehicle, with greater opportunities for scalable media budgets to deliver results CMO's are responsible for.

Tinuiti recently unveiled its new Influencer Marketing program with the appointment of 15-year veteran Crystal Duncan as SVP of Influencer Marketing to lead and develop the new capability, with the future of Influencer Marketing having a heavy data and technology focus, Tinuiti will utilize influencers across the entire customer journey including TikTok.

Tinuiti has been recognized with a number of accreditations and recently received the Facebook Premium Marketing Partner certification and the Amazon Advertising Partner Network badge.

In December 2020, Tinuiti announced a partnershipwith New Mountain Capital, a leading growth-oriented investment firm with $28 billion in assets under management. In March 2021, Tinuiti acquired The Ortega Group, deepening its position as an Amazon market leader.

About Tinuiti

Tinuiti is the largest independent performance marketing firm across the Triopoly of Google, Facebook and Amazon, with over $2.2 billion in digital media under management and over 800 employees. With industry-leading expertise in search, social, Amazon and marketplaces, addressable TV and more, Tinuiti drives revenue for clients via strategy and channel specialization. Each solution is delivered leveraging Tinuiti's performance planning framework, GAMMA, and enabled by a proprietary suite of marketing intelligence and media activation technology Mobius. For more information visit http://www.tinuiti.com.

SOURCE Tinuiti

https://tinuiti.com/

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TikTok Names Tinuiti First US Independent Agency to Receive Campaign Management Badge within TikTok Marketing Partner Program - PRNewswire

India’s youngest social media marketer Shreyansh Gupta is transforming the Indian marketing scenario – The India Saga

20-year-oldShreyansh Gupta has effectively transformed the way marketing was and has beenexecuted till now, he is paving the way to a modern era of marketing andpromotions.

This generation is often called the generation ofyouth for countless youth-led startups have sprouted up in recent years.

One such start-up launched by the young socialmedia marketer Shreyansh Gupta isrevolutionizing the digital marketing scenario of the country.

DevelopxmediaPvt. Ltd. is a digital marketing agency and contentcuration company.

It was launched by Shreyansh Gupta in 2018 andsince then it has soared in terms of growth and revenue figures.

Shreyansh Guptais a professional digital marketer, social media marketer, and the Founder and CEO of the digitalmarketing company, DevelopXmedia Pvt.Ltd.

Having been in the field for more than 5 yearsnow and starting out at around the age of 14, Shreyansh has acquired massive experience in the field of digitalmarketing.

Although it was in 2015 that he started writinghis first blogs, those blogs went on to fetch more than 6 figures of revenuefor him in the form of Google Adsense.

Later he went on to master the designing andcontent skills required for a career in digital marketing.

I am passionate about learning new things andbeing able to implement them in the real world., says Shreyansh Gupta.

It was perhaps this curiosity of him that helpedhim push himself to his limits and achieve so much.

Since then, Shreyanshhas made great strides in the field. He has run some crazy powerful socialmedia marketing campaigns for his clients, executed a lot of high ROIgenerating ad sets, and has concocted some massively amazing promotionalstrategies.

These skills and achievements have made him atruly powerful asset in the Indian digital marketing community.

ShreyanshGupta is also a digital creator and blog writer andruns many popular websites online.

Shreyansh had been working as a freelancer before he established his company DevelopXmedia in the year 2018. Since thenhe has been working tirelessly to build and maintain his company along withworking with his existing and novel clients.

He loves to brainstorm ideas and strategies. Asboth a content consumer and producer he keeps going through creative ideas andnever forgets to jot down the ones that strike him as perfect.

Regarding content creation and consumption, hesays, Todays digital market is all about content. Whether it beuser-generated or user-centric, if you can embrace the power of content andemploy it to power your marketing campaigns, then you are golden!

Feel free to connect with Shreyansh Gupta on hissocial handles:

Facebook: https://www.facebook.com/shreyanshguptag

Instagram: https://www.instagram.com/shreyanshguptag/

Twitter: https://twitter.com/shreyanshguptag

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India's youngest social media marketer Shreyansh Gupta is transforming the Indian marketing scenario - The India Saga