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How to Structure Your Ad
Budget to Include Social

HOSTED BY:

&
#THINKPPC
Presenters
• John Lee
– Managing Partner at Clix Marketing
– John is a PPC, display and social advertising
professional. He has written for Search Engine
Watch, ClickZ, Acquisio Blog, Clix Marketing Blog,
PPC Hero and the WordStream Blog. John is also
a speaker at SMX, ClickZ Live and HeroConf.

• Cassie Oumedian
– Sr. Account Manager at Hanapin Marketing
– Blogger at PPC Hero

#THINKPPC
Join the conversation
•

Include the hashtag #thinkppc in your tweets.

•

Or use the webinar question box to send us questions.

#THINKPPC
How to Structure Your Ad Budget to Include Social
1.

How Businesses are Budgeting for Social Media in 2014

2.

Create A Social Strategy – Have A Plan

3.

What Social PPC Options Are Best For Your Budget?

4.

Tracking Social Media – Track ROI & Get More Budget

5.

Economy of Scale – Small vs. Large Budget Success

6.

Best Practices for Metering Your Social Advertising Budget

7.

What Features are Worth Testing on a Limited Budget?

8.

The Question on Everyone’s Mind: How Do I Set a Social Ads Budget?

#THINKPPC
Live Poll Question #1
How long have you been in PPC?
A.
B.
C.
D.

Less than 1 year
1-3 years
3-5 years
5+ years

#THINKPPC
Live Poll Question #2
How do you manage your account(s)?
a)
b)
c)
d)

I manage it myself.
I’m part of a team that manages it.
I outsource my account management.
I’m rethinking how my account is managed.

#THINKPPC
2014 Social Media Budgets
45.6% of business expect their social media
spending to increase up to 10%
Only 29.1% of

businesses have a
distinct budget for social.

23.9% of budgets coming from print,
television, and radio.

Source: Social Strategies for 2014, Wildfire by Google and
AdAge, 2013 & MarketingProfs.com

#THINKPPC
2014 Social Media Budgets

Source: Social Strategies for 2014, Wildfire by Google and
AdAge, 2013 & MarketingProfs.com

#THINKPPC
2014 Social Media Budgets

#THINKPPC
Creating a Social Strategy
Determine
Goals

Keep it fresh

Know your
audience

Analyze
competition

Engage your
audience

Define tone
and frequency

Determine
Social Tactics
#THINKPPC
What Social PPC Is Best For You?
…….It Depends!

BTC vs. BTB
Large Budget vs. Small Budget
Branding vs. Direct Response

#THINKPPC
PPC Social Options – Facebook - BTC
1. Interest and Category Targeting
2. Custom Audiences – target email sign ups!

3. Lookalike Audiences
4. FBX (Facebook Exchange) Retargeting – Newsfeed

Case Study: Health Supplement Vertical (BTC)
Facebook - 79% Lower CPA on CONVERSIONS vs. Google & Bing

#THINKPPC
PPC Social Options – Linkedin – BTB
• Minimum CPC of $2.00
• Targeting Options
• Job title, job function, industry, geography, company size, company name,
seniority, age, gender, LinkedIn group
• 10 targets per campaign for Geography, Industry, Job Function

• 100 targets per campaign for Company, Job Title, School, Skill, Group
• Budget & Performance Tips –

• Higher CPCs but typically higher CVRs due to targeting options

#THINKPPC
PPC Social Options – Linkedin - BTB

#THINKPPC
PPC Social Options – Twitter – BTB/BTC
• Promoted Tweets
• Promoted Accounts BTC
• Twitter Lead Cards –
• Collects email addresses.
• 20 character call-to-actions.
• Target by audiences, keywords, #hashtags.
• Avoid Hard Sell

#THINKPPC
Tracking Social – Facebook
Not Just Likes & Social Impressions!!
Track Actual Leads, Conversions in Facebook and get more
budget!

#THINKPPC
Tracking Social – LinkedIn
• In Account Lead Collection
• Lead Includes - member’s name, headline, LinkedIn profile, and email
• Free!

#THINKPPC
Tracking Social – Twitter
• Promoted Tweet Conversion Tracking – Great for Direct Response/BTC
• Custom Attribution – 1,7,14,30

#THINKPPC
Tracking Social – GA URL Builder

#THINKPPC
Economy of Scale: Small vs. Large Budget Success
Is Social Media Advertising is Easier With a Larger Budget?

In a word… Yes.

#THINKPPC
Economy of Scale
Applied to Social Advertising:
• Translate cost to time and
efficiency.

Textbook Definition:
A proportionate saving in costs gained by
an increased level of production.

– More budget = more
impressions, clicks and
conversions = more data.
– More data = faster, more
accurate optimization.

• Shared learning spread across
all campaigns and ads to
quickly scale campaigns.
#THINKPPC
#THINKPPC
Economy of Scale: Small vs. Large Budget Success
Why a Large Budget?
•

Lack of ad scheduling.

•

Large number of targeting options and features.

•

While specific and detailed, targeting is relatively broad.
o Not like Search PPC where an individual is actively looking
for your product or service.

•

High CPCs (excluding Facebook).

•

Large audience = high impression and click potential.

•

Traffic velocity dictates testing speed (accuracy?) in a high adturn-over-rate environment.
#THINKPPC
Economy of Scale: Small vs. Large Budget Success
Does This Mean the Small Budget
Advertiser is Out of Luck?

•

No!

•

Data accumulation and
optimization will take longer
and be less efficient.

•

Must be prudent with channel
and feature testing.

#THINKPPC
What Features are Worth Testing on a Limited Budget?

The Most Targeted Ones.
(note to presenter: pause for comedic timing)

#THINKPPC
Feature Testing: Facebook Edition
Custom
Audiences
Lookalike
Audiences

Facebook Exchange
Remarketing / Website
Custom Audiences
Targeting Connections / Similar
to Connections
Interest Targeting

Partner Category Targeting

#THINKPPC
Feature Testing: LinkedIn Edition
Single
Campaign/Multiple
Targeting Features
Companies and/or
Industries (Single
Campaign / Single
Targeting Feature)

Job Titles and/or Job Categories (Single
Campaign / Single Targeting Feature)

Skills (Single Campaign / Single Targeting Feature)

Groups (Single Campaign / Single Targeting Feature)

#THINKPPC
Feature Testing: Twitter Edition
Promoted
Tweets: Similar
to YOUR
Followers
Promoted Tweets:
Similar to Followers
of Competitors or
Thought Leaders
Promoted Tweets: Exact and
Phrase Match Keywords (Search
and/or Timeline)
Promoted Tweets: Broad Match Keywords
(Search and/or Timeline)

Promoted Tweets: Interests (Search and/or Timeline)

Promoted Accounts (assuming your goal is direct response)

#THINKPPC
Best Practices for Metering Your Social Budget
When budget is small, you can’t test everything at once.
• Test one channel at a time.
• Test one feature at a time (refer to targeting pyramids).
• Blend feature sets and channels once you’ve established what works.

• If need be, manually pause/resume campaigns to
establish ad scheduling.
• Time of day; day of week.

• Twitter: utilize standard ad delivery to pace budget daily.

#THINKPPC
Get More

For Your Buck!

Looking for a long-term, sustained campaign?
• Facebook:
– right-hand placement ads (low CPC, slow-but-steady
traffic)

• LinkedIn
– traditional ad placement (high CPC, slow-to-moderate
traffic)

• Twitter
– any promoted tweet format on low bid and standard
delivery (low cpc, steady traffic)
#THINKPPC
Get More

For Your Buck!

Thinking big and OK with draining budget?
• Facebook:
– newsfeed ads on desktops & mobile (high CTR, moderate CPC)

• LinkedIn
– sponsored updates on desktops & mobile (high CTR, moderateto-high CPC)

• Twitter
– any promoted tweet format on a higher bid and accelerated
delivery (higher engagement rate, moderate-to-high CPC)

#THINKPPC
How Do You Set a Social Ads Budget?

• The “holy grail” that
advertisers and
agencies seek to find.
• There is no exact
number or one size fits
all solution.

#THINKPPC
How Do You Set a Social Ads Budget?
At a Glance:
• What is available?
– Based on business limitations and overall
marketing budget.
– Find areas of wasted spend in other marketing
channels to divert to social (permanently or for
testing).

• Back into the math... Not an exact science.
#THINKPPC
How Do You Set a Social Ads Budget?

Create accounts and build hypothetical campaigns.
• Understand CPC/CPM requirements based on audience
size (reach) and targeting parameters.
#THINKPPC
The Conversion-Based Formula
Clicks per
Conversion

Estimated
CPC / eCPC

Cost per
Social
Conversion

Desired # of
Social
Conversions

Cost per
Social
Conversion

Potential
Budget

Use conversion goals to determine budget.
• Back into the math.
– How many conversions do you want or need to be “successful”?
– How many clicks does it take to get a conversion?
• Use display advertising clicks and conversion rates as a baseline for estimation.

– ***This is just one way to approach budget.***

#THINKPPC
Live Poll Question #3
Which types of ads do you use most often (or which
type are you most excited to start out with)?
#thinkppc

a)
b)
c)
d)
e)

Ads (the right hand side ones that started it all)
Sponsored stories
Mobile only ads
Video ads
Anything and everything

#THINKPPC
Live Poll Question #4
Would you like help with your PPC accounts and management?

I’m interested in:
a.) FREE Solutions Blueprint from Hanapin Marketing: We look at
your account and provide analysis and consultation (For accounts
with $20K+ in adspend).

b.) Get a free opportunities analysis on your paid search, display and
social media advertising campaigns from Clix Marketing.

#THINKPPC
Live Q&A Time!

#THINKPPC
Have more questions?
Thank you for attending Social PPC webinar! #thinkppc

•

Get a free Solutions Blueprint from Hanapin Marketing
(for accounts greater than $20K/mo in adspend):
http://www.hanapinmarketing.com/solutions-blueprint-sign-up

•
•

Get a free PPC, display and social advertising campaign
review and opportunities analysis:
try.clixmarketing.com/free-campaign-analysis/
Or Contact us Directly:
•

Webinar Feedback: marketing@hanapinmarketing.com

#THINKPPC

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How to Structure Your Ad Budget to Include Social

  • 1. How to Structure Your Ad Budget to Include Social HOSTED BY: & #THINKPPC
  • 2. Presenters • John Lee – Managing Partner at Clix Marketing – John is a PPC, display and social advertising professional. He has written for Search Engine Watch, ClickZ, Acquisio Blog, Clix Marketing Blog, PPC Hero and the WordStream Blog. John is also a speaker at SMX, ClickZ Live and HeroConf. • Cassie Oumedian – Sr. Account Manager at Hanapin Marketing – Blogger at PPC Hero #THINKPPC
  • 3. Join the conversation • Include the hashtag #thinkppc in your tweets. • Or use the webinar question box to send us questions. #THINKPPC
  • 4. How to Structure Your Ad Budget to Include Social 1. How Businesses are Budgeting for Social Media in 2014 2. Create A Social Strategy – Have A Plan 3. What Social PPC Options Are Best For Your Budget? 4. Tracking Social Media – Track ROI & Get More Budget 5. Economy of Scale – Small vs. Large Budget Success 6. Best Practices for Metering Your Social Advertising Budget 7. What Features are Worth Testing on a Limited Budget? 8. The Question on Everyone’s Mind: How Do I Set a Social Ads Budget? #THINKPPC
  • 5. Live Poll Question #1 How long have you been in PPC? A. B. C. D. Less than 1 year 1-3 years 3-5 years 5+ years #THINKPPC
  • 6. Live Poll Question #2 How do you manage your account(s)? a) b) c) d) I manage it myself. I’m part of a team that manages it. I outsource my account management. I’m rethinking how my account is managed. #THINKPPC
  • 7. 2014 Social Media Budgets 45.6% of business expect their social media spending to increase up to 10% Only 29.1% of businesses have a distinct budget for social. 23.9% of budgets coming from print, television, and radio. Source: Social Strategies for 2014, Wildfire by Google and AdAge, 2013 & MarketingProfs.com #THINKPPC
  • 8. 2014 Social Media Budgets Source: Social Strategies for 2014, Wildfire by Google and AdAge, 2013 & MarketingProfs.com #THINKPPC
  • 9. 2014 Social Media Budgets #THINKPPC
  • 10. Creating a Social Strategy Determine Goals Keep it fresh Know your audience Analyze competition Engage your audience Define tone and frequency Determine Social Tactics #THINKPPC
  • 11. What Social PPC Is Best For You? …….It Depends! BTC vs. BTB Large Budget vs. Small Budget Branding vs. Direct Response #THINKPPC
  • 12. PPC Social Options – Facebook - BTC 1. Interest and Category Targeting 2. Custom Audiences – target email sign ups! 3. Lookalike Audiences 4. FBX (Facebook Exchange) Retargeting – Newsfeed Case Study: Health Supplement Vertical (BTC) Facebook - 79% Lower CPA on CONVERSIONS vs. Google & Bing #THINKPPC
  • 13. PPC Social Options – Linkedin – BTB • Minimum CPC of $2.00 • Targeting Options • Job title, job function, industry, geography, company size, company name, seniority, age, gender, LinkedIn group • 10 targets per campaign for Geography, Industry, Job Function • 100 targets per campaign for Company, Job Title, School, Skill, Group • Budget & Performance Tips – • Higher CPCs but typically higher CVRs due to targeting options #THINKPPC
  • 14. PPC Social Options – Linkedin - BTB #THINKPPC
  • 15. PPC Social Options – Twitter – BTB/BTC • Promoted Tweets • Promoted Accounts BTC • Twitter Lead Cards – • Collects email addresses. • 20 character call-to-actions. • Target by audiences, keywords, #hashtags. • Avoid Hard Sell #THINKPPC
  • 16. Tracking Social – Facebook Not Just Likes & Social Impressions!! Track Actual Leads, Conversions in Facebook and get more budget! #THINKPPC
  • 17. Tracking Social – LinkedIn • In Account Lead Collection • Lead Includes - member’s name, headline, LinkedIn profile, and email • Free! #THINKPPC
  • 18. Tracking Social – Twitter • Promoted Tweet Conversion Tracking – Great for Direct Response/BTC • Custom Attribution – 1,7,14,30 #THINKPPC
  • 19. Tracking Social – GA URL Builder #THINKPPC
  • 20. Economy of Scale: Small vs. Large Budget Success Is Social Media Advertising is Easier With a Larger Budget? In a word… Yes. #THINKPPC
  • 21. Economy of Scale Applied to Social Advertising: • Translate cost to time and efficiency. Textbook Definition: A proportionate saving in costs gained by an increased level of production. – More budget = more impressions, clicks and conversions = more data. – More data = faster, more accurate optimization. • Shared learning spread across all campaigns and ads to quickly scale campaigns. #THINKPPC
  • 23. Economy of Scale: Small vs. Large Budget Success Why a Large Budget? • Lack of ad scheduling. • Large number of targeting options and features. • While specific and detailed, targeting is relatively broad. o Not like Search PPC where an individual is actively looking for your product or service. • High CPCs (excluding Facebook). • Large audience = high impression and click potential. • Traffic velocity dictates testing speed (accuracy?) in a high adturn-over-rate environment. #THINKPPC
  • 24. Economy of Scale: Small vs. Large Budget Success Does This Mean the Small Budget Advertiser is Out of Luck? • No! • Data accumulation and optimization will take longer and be less efficient. • Must be prudent with channel and feature testing. #THINKPPC
  • 25. What Features are Worth Testing on a Limited Budget? The Most Targeted Ones. (note to presenter: pause for comedic timing) #THINKPPC
  • 26. Feature Testing: Facebook Edition Custom Audiences Lookalike Audiences Facebook Exchange Remarketing / Website Custom Audiences Targeting Connections / Similar to Connections Interest Targeting Partner Category Targeting #THINKPPC
  • 27. Feature Testing: LinkedIn Edition Single Campaign/Multiple Targeting Features Companies and/or Industries (Single Campaign / Single Targeting Feature) Job Titles and/or Job Categories (Single Campaign / Single Targeting Feature) Skills (Single Campaign / Single Targeting Feature) Groups (Single Campaign / Single Targeting Feature) #THINKPPC
  • 28. Feature Testing: Twitter Edition Promoted Tweets: Similar to YOUR Followers Promoted Tweets: Similar to Followers of Competitors or Thought Leaders Promoted Tweets: Exact and Phrase Match Keywords (Search and/or Timeline) Promoted Tweets: Broad Match Keywords (Search and/or Timeline) Promoted Tweets: Interests (Search and/or Timeline) Promoted Accounts (assuming your goal is direct response) #THINKPPC
  • 29. Best Practices for Metering Your Social Budget When budget is small, you can’t test everything at once. • Test one channel at a time. • Test one feature at a time (refer to targeting pyramids). • Blend feature sets and channels once you’ve established what works. • If need be, manually pause/resume campaigns to establish ad scheduling. • Time of day; day of week. • Twitter: utilize standard ad delivery to pace budget daily. #THINKPPC
  • 30. Get More For Your Buck! Looking for a long-term, sustained campaign? • Facebook: – right-hand placement ads (low CPC, slow-but-steady traffic) • LinkedIn – traditional ad placement (high CPC, slow-to-moderate traffic) • Twitter – any promoted tweet format on low bid and standard delivery (low cpc, steady traffic) #THINKPPC
  • 31. Get More For Your Buck! Thinking big and OK with draining budget? • Facebook: – newsfeed ads on desktops & mobile (high CTR, moderate CPC) • LinkedIn – sponsored updates on desktops & mobile (high CTR, moderateto-high CPC) • Twitter – any promoted tweet format on a higher bid and accelerated delivery (higher engagement rate, moderate-to-high CPC) #THINKPPC
  • 32. How Do You Set a Social Ads Budget? • The “holy grail” that advertisers and agencies seek to find. • There is no exact number or one size fits all solution. #THINKPPC
  • 33. How Do You Set a Social Ads Budget? At a Glance: • What is available? – Based on business limitations and overall marketing budget. – Find areas of wasted spend in other marketing channels to divert to social (permanently or for testing). • Back into the math... Not an exact science. #THINKPPC
  • 34. How Do You Set a Social Ads Budget? Create accounts and build hypothetical campaigns. • Understand CPC/CPM requirements based on audience size (reach) and targeting parameters. #THINKPPC
  • 35. The Conversion-Based Formula Clicks per Conversion Estimated CPC / eCPC Cost per Social Conversion Desired # of Social Conversions Cost per Social Conversion Potential Budget Use conversion goals to determine budget. • Back into the math. – How many conversions do you want or need to be “successful”? – How many clicks does it take to get a conversion? • Use display advertising clicks and conversion rates as a baseline for estimation. – ***This is just one way to approach budget.*** #THINKPPC
  • 36. Live Poll Question #3 Which types of ads do you use most often (or which type are you most excited to start out with)? #thinkppc a) b) c) d) e) Ads (the right hand side ones that started it all) Sponsored stories Mobile only ads Video ads Anything and everything #THINKPPC
  • 37. Live Poll Question #4 Would you like help with your PPC accounts and management? I’m interested in: a.) FREE Solutions Blueprint from Hanapin Marketing: We look at your account and provide analysis and consultation (For accounts with $20K+ in adspend). b.) Get a free opportunities analysis on your paid search, display and social media advertising campaigns from Clix Marketing. #THINKPPC
  • 39. Have more questions? Thank you for attending Social PPC webinar! #thinkppc • Get a free Solutions Blueprint from Hanapin Marketing (for accounts greater than $20K/mo in adspend): http://www.hanapinmarketing.com/solutions-blueprint-sign-up • • Get a free PPC, display and social advertising campaign review and opportunities analysis: try.clixmarketing.com/free-campaign-analysis/ Or Contact us Directly: • Webinar Feedback: marketing@hanapinmarketing.com #THINKPPC