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Larry Kim - The Top 10 Social Media Advertising Hacks of All Time

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Larry Kim - The Top 10 Social Media Advertising Hacks of All Time

  1. 1. INBOUND15 The Top 10 Social Media Advertising Hacks of All Time! Larry Kim Founder, WordStream, Inc.
  2. 2. A Few Random Facts About Me
  3. 3. Originally from Winnipeg, Canada
  4. 4. Actual Photos of Boston From February This Year
  5. 5. I Live in Harvard Square, Cambridge, MA
  6. 6. WordStream’s Global Headquarters in Boston 2008 2015
  7. 7. You’re Attending a Session on PAID Social Media Ads…
  8. 8. You Can Do Paid Social Ads with $50!
  9. 9. Download Slides: bit.ly/social-ad-hacks
  10. 10. Why Paid Social Ads ?
  11. 11. #1: Ridiculous Amount of Time on Social Media 28%28% of online time is spent social networking.
  12. 12. #2: Facebook Organic Reach Plummeting
  13. 13. #3: Most of Your Content Goes Nowhere WordStream Published 1600 Articles in 6 Years. 5% of Content = 56% of Page views Half of Content got less than 500 Page views each.
  14. 14. #4: Low Brand Recall for SEO
  15. 15. Brought to you by: #5: Search Ads Are Great, But Expensive TOP COST PER CLICK ON BING ADS
  16. 16. #6: Typical Conversion Rate Via Content <1% Traffic Generation Activities Engage with Content Captured Lead
  17. 17. So, Many Content/Social/PPC Marketing Efforts Actually More Like …
  18. 18. How does Content Marketing really work ?
  19. 19. This (almost) never happens! How it actually works... Repeat Step 1 and 2 many times until something sticks. Step 3 is a myth. Instead, visitors who have a positive experience may remember your brand and be biased to come to you in the future. A B
  20. 20. How to make: STEP 2 (Promotion) & Step 3 (Sales) Happen with greater magnitude & frequency?
  21. 21. Paid Social Ads: (a) Highly Scalable Content Promotion CREATE Produce content & share on social AMPLIFY Selectively promote top content on social media TAG Build remarketing audience by tagging site visitors with a cookie
  22. 22. ADVERTISE Target your audience with display & social ads promoting offers FILTER Apply behavioral and demographic filters on audience CONVERT Capture qualified leads or sale (b) Social Ads Turn Visitors into Leads & Customers
  23. 23. The Top 10 Paid Social Media Advertising Hacks of All Time!
  24. 24. We’re Focusing on Facebook & Twitter Today
  25. 25. Apologies to Google+ Fans… SOCIAL NETWORKING On Google+
  26. 26. Larry’s #10 Social Ads Hack:
  27. 27. HIGHER POST ENGAGEMENT Higher Relevance Score HIGHER RELEVANCE SCORE More Impression Share and Lower Cost Per Engagement “Relevancy Score” in Facebook = =
  28. 28. “Quality Adjusted Bid” in Twitter HIGHER Relevance, Resonance, Recency = HIGHER Quality Adjusted Bid = MORE Ad Impressions at Lower Cost RESONANCE: Are consumers engaging your Tweet? Do they retweet, favorite, or reply often? RELEVANCE: Is your Tweet related to things a user is interested in? RECENCY: Is your Tweet fresh? Twitter is about what is happening now. Fresher Tweets get priority.
  29. 29. Higher Engagement Rate = (Much) Lower Cost Per Engagement Engagement Rate Cost per engagement $.01 $.02 $.03 $.08 68% 7% 21% 37%
  30. 30. 1% Increase in Post Engagement 5% Reduction in Cost Per Engagement! “Quality Adjusted Bid” in Twitter =
  31. 31. Quality Score & Ad Impression Share A TYPICAL TWITTER CAMPAIGN FEWER AND FEWER AD IMPRESSIONS AS THE CAMPAIGN AGES!
  32. 32. High QS (Great!) • High Ad Impression Share • Low Cost Per Engagement Low QS (Terrible!) • Low Ad Impression Share • High Cost Per Engagement Get a High Quality Score! (Duh) High Post Engagement = High Quality Scores
  33. 33. Tweet More Often and Only Promote Your Best Posts (Unicorns!)
  34. 34. Just Say NO to Promoting Junk Updates I DON’T PROMOTE EVERY TWEET
  35. 35. How to Find High Engagement Posts? (Unicorns!)
  36. 36. Promote Your BEST Stuff Instead (Top 1-2%) RETWEETS 1,488 FAVORITES 1,284 6:15AM – 7 Mar 2015
  37. 37. Paid Social Ads ROI Analysis:
  38. 38. Larry’s Organic & Paid Social Network Sharing/Posting Pyramid Scheme 1. Post Lots of stuff (organically) to Twitter 2. Boost Top stuff from Twitter, and share Organically to LinkedIn & Facebook 3. Pay to Promote the Unicorns on Facebook!
  39. 39. Paid Social MONEYBALL!
  40. 40. What’s The Biggest Difference??
  41. 41. Paid Social = Be Picky! In Paid Social, Cast a Narrow Net, Maximize Engagement Rates.
  42. 42. Larry’s #9 Social Ads Hack: Turn Low Engagement Updates Into High Engagement
  43. 43. Keyword Targeting: Google Search vs. Twitter infant clothes Julian’s first birthday lawyer auto accident Some dumbass hit my car pink dress I have nothing to wear for the concert! online dating Emma just broke up with me mobile landing page tools #mobilegeddon
  44. 44. zOMG 10X Higher Engagement By Targeting #alphabet
  45. 45. Generates Valuable PR Exposure & Links
  46. 46. Precise Ad Targeting Boosts Engagement Rate
  47. 47. Larry’s #8 Social Ads Hack: Increase Commercial Intent (Chance of People Buying Your Stuff) Using “In-Market Segments”
  48. 48. Website H.I.T.S.(How Idiots Track Success)
  49. 49. Precise Ad Targeting Boosts Engagement Rate
  50. 50. “Partner Audiences” in Twitter
  51. 51. Larry’s #7 Social Ads Hack: Further Increase Commercial Intent Using Demographic Targeting
  52. 52. Demographic Ad Targeting in Facebook
  53. 53. Demographic Ad Targeting in Twitter
  54. 54. Larry’s #6 Social Ads Hack: Social Media Remarketing I’LL BE BACK
  55. 55. Custom Website Audiences in Facebook
  56. 56. Tailored Website Audience in Twitter
  57. 57. Power of Social Remarketing So Push HARD OFFERS (Sign-Ups, Consultations, Downloads, etc.) Engagement Rates! Conversion Rates! 3X 2X
  58. 58. Combine Remarketing With Product Ads on Facebook!
  59. 59. Larry’s #5 Social Ads Hack: Super Remarketing! Combining Remarketing + Demographic + Behavioral Targeting + High Engagement Content
  60. 60. Behold The Power of Super-Remarketing! Behavioral & Interest Targeting = They’re interested in your stuff Remarketing = They Recently Checked Out Your Stuff Demographic Targeting = They Can Afford to Buy Your Stuff Target a Narrow Audience That Meets all 3 Criteria = $$$
  61. 61. Larry’s #4 Social Ads Hack: Custom Audiences
  62. 62. The Evolution of Display Ad Targeting 5. Website Targeting (e.g. Inc. Magazine or Home & Garden Weekly) 3. Interests & Market Segments (e.g. Business Services, Photography) 4. Keyword Targeting (e.g. Articles containing “Health Insurance”) 2. Remarketing (e.g. People who visited the “buy” page of your website) 1. Identity (e.g. Specific emails or phone numbers)
  63. 63. New “Tailored Audiences” or “Custom Audiences”
  64. 64. People-Based Marketing is Like Email Marketing But Better Email Marketing Limit number of blasts to reduce unsubscribes .5-2% unsubscribes each blast People Need to opt into your list Tons of unqualified emails on the list People-Based Marketing Fixed Fixed Fixed Fixed
  65. 65. Identity Marketing Using Custom Audiences in Social Ads Identity based marketing opens up a TON of new and exciting advertising use cases!
  66. 66. This is a True Story
  67. 67. Shared the Article on My Social Media
  68. 68. Promoted Post to My List of Influencers
  69. 69. Story Picked Up in Marketing Land in 2 Hours
  70. 70. +500 Press Pickups in 48 Hours SATURDAY MONDAYFRIDAY
  71. 71. Custom Audience Social Ads ROI Analysis: • 500 High Value Press Pickups + Links • Massive Brand Exposure • +100k Site Visitors Total Cost: $50 Total Time 10 minutes
  72. 72. Larry’s #3 Social Ads Hack: Leverage Insanely Powerful New Ad Formats
  73. 73. You can bypass this funnel entirely! This Stupid Marketing Funnel is a Ridiculously Dated Concept
  74. 74. Facebook Call Buttons
  75. 75. Call Buttons are Game Changers Desktop Search Conversion Funnel Mobile Conversion Funnel 1. Sees Ad 2. Clicks on Ad 3. Vists Website Landing Page 4. Lead Captured 1. Sees Ad 2. Calls Business 3. Lead Captured No Leaky Landing Page! Golden Rule of Mobile: “Calls to businesses are worth +3x more than clicks to websites”
  76. 76. +Half Billion Use FB on Mobile Only
  77. 77. 80% of Twitter Users are Mobile
  78. 78. New Facebook Social Direct Response Ad Formats
  79. 79. Twitter Lead Generation Card Format User’s Name, Email and Twitter Name are automatically emailed or posted to you!
  80. 80. Larry’s #2 Social Ads Hack: The Snowball Effect of Social Media Marketing
  81. 81. Engagement Snowballs As You Go
  82. 82. Because Paid Social Ads Generate Fans!
  83. 83. Larry’s #1 Social Ads Hack: Get Free Clicks!
  84. 84. Buy 1 Retweet/Like, Get 3 Clicks Free!
  85. 85. $0.00 Cost Per Engagement?! RETWEETS 10,603 FAVORITES 6,117 2:10 PM – 1 Jul 2015
  86. 86. Summary: Larry’s Top 10 Social Ad Hacks Quality Score in Social Ads! Post More, Promote Best Stuff Keyword Targeting & Hashtags! In-Market Segments = Commercial Intent Layer Demographic Targeting 1 2 3 4 5 Do Social Media Remarketing Custom Audiences = Incredibly Precise Targeting Use Insanely Powerful New Ad Formats Leverage Snowball Effect of Social Media Ads Free Clicks! 6 7 8 9 10
  87. 87. Paid Social Ads: Highly Scalable Content Promotion CREATE Produce content & share on social AMPLIFY Selectively promote top content on social media TAG Build remarketing audience by tagging site visitors with a cookie
  88. 88. ADVERTISE Target your audience with display & social ads promoting offers FILTER Apply behavioral and demographic filters on audience CONVERT Capture qualified leads or sale Social Ads Turn Visitors into Leads & Customers
  89. 89. Stop By Our Booth This Week!
  90. 90. Brought to you by: Enter To Win a PPC Marketing Session with ME! Drawing: • 1-Hour Virtual Session with me and Erin Sagin • Great for Sales Training on PPC • Great for Customer “Lunch & Learns” • 4 Winners will be selected • Follow the Hashtag #PPCPOWERHOUSE we will be tweeting out winners throughout the show!
  91. 91. Thank You, INBOUND! ENCORE: The Top Ten Social Media Advertising Hacks of All Time Wednesday 9/9/2015 12:45 PM – 1:30 PM BCEC, Room 104 ABC

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