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Optimizing For Facebook CPC
1
2/25/2011




              Simon Dang
              Global Search Director
              Mindshare, a WPP Media Agency




            498 7th Avenue
            New York, New York 10018
            +212 297 7651
            Simon.dang@mindshareworld.com
Agenda

1. Search and Social Media Marketing
2. Why Facebook Ads
3. Case Study: 2010 Wish-Bone Salad Dressings
   Campaign




                                  2/28/2011   2
Traditional Consumer Purchase Funnel
Social                                        Search

                             Awareness


                              Research


                          Consideration


                               Decision

    (Purchase, Registration, Conversion)


                                           2/28/2011   3
The Virtuous Circle:
The Role of Search and Social Media in the Purchase Pathway

          Search and • Converting a user:
             Social     • 51% Search Only
                        • 48% Search+Social
         influential to • 1% Social only
           purchase • 70%+ more confident after
                        search & social
            decision


       Virtuous Circle• 40 % search -> social
                      • 46% social - > search
       Of Interaction


                                          2/28/2011       4
Where should you start?




74% of converters say a Facebook brand page is desired format
for future engagement


                                               2/28/2011    5
600 Million+
Worldwide Users!


             2/28/2011   6
Worldwide Facebook Addiction

149 million+ active users                                 22 million+ active users   13million+ active users
70% return daily                                          65% return daily           58% return daily




29million+ active users                                   19million+ active users    17million active users
68% return daily                                          65% return daily           67% return daily




17 million active users                                   10 million+ active users   4 million+ active users
68% return daily                                          66% return daily           71% return daily
Source: Facebook internal data, Worldwide, January 2011
Worldwide engagement

                                                                                                               Daily




4 hours, 57 mins              29 visits                                           53% daily


Average time spent per user   Average visits per user                              Active users log in
(monthly)                     (monthly)                                            (daily)


                                  Source: Worldwide comScore November 2010 & Facebook Internal Data, January
                                  2011
7 hrs, 7 mins
                                      2 hrs, 17
                                          mins
         1 hr, 31 mins

        1 hr, 21 mins

        1 hr, 16 mins

Time spent
hours    Source: Nielsen monthly time spent November 2010
It’s TIME for Facebook Cost Per Click (CPC) !



                             Or is it?

                             1)Have Search?
                             2)Have FB Page?
                             3)Have FB
                               Strategy?

                                      2/28/2011   10
Facebook Premium vs. Marketplace Ads
                    Premium
                               Marketplace



                               1
                1

                               2


                               3




                               4
Facebook Marketplace Ads
                           Profile Based Ads
                           • Ads based on
                              user interests,
                              affiliations, and
                              other
                              demographics.

                           • Up to 4 Ads on
                             right column.

                           • On Apps, Photos,
                             Groups, Pages,
                             Profiles, etc




                             2/28/2011            12
Types of Marketplace Ads by Destination
                                        CPC or CPM to Website
                                    •   CTR
                                    •   Clicks
                                    •   Impressions
                                    •   CPC
                                    •   Conversions (w/ FB tag)
                                    •   No “like” social component




CPC or CPM to Facebook Page
•   CTR, Clicks, Impressions, CPC
•   Social Endorsement,
•   Social Imp
•   Social Clicks
•   Social CTR
•   +“Registration”
•   Conversions / Actions

                                                     2/28/2011       13
It’s Cost Per Click, Not Cost per ‘Like’




                 $




                                  2/28/2011   14
Facebook Auction Factors



  Bid Price

    Ad Quality

             Performance
                           2/28/2011   15
Targeting and Demographics
                          Use Facebook’s Unique
Advanced               demographic targeting to reach
Demographics
(Birthdays, Sexual        only the users you want.
orientation,
Relationship status,
                       Target by Likes & Interests
Language,                                                                      Target by
                       (Activities, Interests, Music, Books,
Education,                                                                     Age, Sex
                       Movies, Television, etc)
Workplaces)
                                                 Target by
                                                 Location: City,
                                                 State, Zip…




                                                                   2/28/2011           16
Case Study: Facebook CPC with Wish-Bone
  Salad Dressings




                                  2/28/2011   17
Wish-Bone Facebook Campaign Objectives
  Objectives: Increase Fan Base,
  consumer awareness, “Wishes”
  during 2010 Holiday Season. Be
  top of mind for resolutions to eat
  more salads & vegetables in 2011.

  Demographic: Women 35-54

  KPI’s: Fans, share ability, want
  game and fan page to be shared
  with friends to help promote
  brand.




                                       2/28/2011   18
Campaign Structure
• Ad Variations:
   1 Wishbone Logo
   1 Bottles Logo
   2 Game Ads

• General Ad
  Targets:
   United States
   W 35-54
   W 25-35

• Interest Ad
  Targets:
   who like cookbooks, cooking,
    cooking dinner, family, fruit
    and salads, health, health
    fitness, health.com, recipes,
    recipes for health or
    vegetables




                                    2/28/2011   19
Create Ad Variants and Test
                       Targeting in FB
               W 25-35 W 35-54    W 25-35         W 35-54
                                 + Interests     + Interests
         2
        Reg
        Ads




          2
        Game
         Ads

4 ads

                             16 ads        2/28/2011       20
Optimizations and Fine Tuning
Monitor Performance
(spend, likes, clicks,
     CTR, etc)


                Bid Price


   Ad Demographics

                         Creatives & Ad Copy

                                       2/28/2011   21
Results

Surpassed Goal         Hit Broad              High                     FB Social Bonus
of Fans                Reach                  Performance              • Friend names in
• Nearly 30,000 Fans   • Impressions          • Close to 1% CTR          line ‘likes’
  in 10 Days             reached nearly ¼       and low CPC (beat        contributed to
                         of all of target       Google Content)          over 25% of
• Slow week for
                         audience in the FB                              impressions.
  Internet search                             • CPC Model
  (Dec 21-31)            Universe (US           produced eCPM          • Social CTR
                         market)                lower than actual        outperformed
                       • > 7 MM                 CPM. $.27 vs.            normal CTR by up
                         Impressions            $1.90                    to 1%




                                                                    2/28/2011        22
Demographic Profile Learnings



                                            • Dirty Dancing
                                 Movies
                                            • Color Purple
Suggested Ways to Use this
Data:                                TV     • CSI
                                  Shows     • NCIS
      Tone Of Messaging
      Promotions                           • Family
      FB Page Content          Interests
                                            • Dancing
      Co- Sponsor similar FB
       pages                                • Gospel
Caveats:                          Music
     Using Findings to
                                            • Jazz
       Optimize Interest


                                                        2/28/2011   23
In Summary….
     Search and Social Interactions
         Are you ready for FB?
          “like” = registration
       Optimize with ad variants
          Social lift for FB Ads
   Additional demo info from FB Ads


                                   2/28/2011   24
Wish-Bone Brand Team
“We are extremely happy with the
results of this campaign. Our goal was to   “Our target audience is increasingly
build our fan base by leveraging the        using Facebook as a means to
strength of the Wish-Bone brand to          communicate and engage with the
deliver engaging content that someone       brands they love. This campaign has
would want to share with their friends.     positioned us to be an active
We are very excited to continue this        participant in the conversation.”
conversation with our fans.”
                                            – Nathan Micklos,
                                            Wish-Bone Associate Brand Manager
– Susan Kamil
Wish-Bone Brand Manager




                                                               2/28/2011           25
Thank You

Simon Dang
•   Simon.Dang@mindshareworld.com
•   +1 212-297-7651
•   @plateoftheday
•   http://www.linkedin.com/in/simondang




                                           26

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Optimizing For Facebook CPC - Simon Dang

  • 1. Optimizing For Facebook CPC 1 2/25/2011 Simon Dang Global Search Director Mindshare, a WPP Media Agency 498 7th Avenue New York, New York 10018 +212 297 7651 Simon.dang@mindshareworld.com
  • 2. Agenda 1. Search and Social Media Marketing 2. Why Facebook Ads 3. Case Study: 2010 Wish-Bone Salad Dressings Campaign 2/28/2011 2
  • 3. Traditional Consumer Purchase Funnel Social Search Awareness Research Consideration Decision (Purchase, Registration, Conversion) 2/28/2011 3
  • 4. The Virtuous Circle: The Role of Search and Social Media in the Purchase Pathway Search and • Converting a user: Social • 51% Search Only • 48% Search+Social influential to • 1% Social only purchase • 70%+ more confident after search & social decision Virtuous Circle• 40 % search -> social • 46% social - > search Of Interaction 2/28/2011 4
  • 5. Where should you start? 74% of converters say a Facebook brand page is desired format for future engagement 2/28/2011 5
  • 7. Worldwide Facebook Addiction 149 million+ active users 22 million+ active users 13million+ active users 70% return daily 65% return daily 58% return daily 29million+ active users 19million+ active users 17million active users 68% return daily 65% return daily 67% return daily 17 million active users 10 million+ active users 4 million+ active users 68% return daily 66% return daily 71% return daily Source: Facebook internal data, Worldwide, January 2011
  • 8. Worldwide engagement Daily 4 hours, 57 mins 29 visits 53% daily Average time spent per user Average visits per user Active users log in (monthly) (monthly) (daily) Source: Worldwide comScore November 2010 & Facebook Internal Data, January 2011
  • 9. 7 hrs, 7 mins 2 hrs, 17 mins 1 hr, 31 mins 1 hr, 21 mins 1 hr, 16 mins Time spent hours Source: Nielsen monthly time spent November 2010
  • 10. It’s TIME for Facebook Cost Per Click (CPC) ! Or is it? 1)Have Search? 2)Have FB Page? 3)Have FB Strategy? 2/28/2011 10
  • 11. Facebook Premium vs. Marketplace Ads Premium Marketplace 1 1 2 3 4
  • 12. Facebook Marketplace Ads Profile Based Ads • Ads based on user interests, affiliations, and other demographics. • Up to 4 Ads on right column. • On Apps, Photos, Groups, Pages, Profiles, etc 2/28/2011 12
  • 13. Types of Marketplace Ads by Destination CPC or CPM to Website • CTR • Clicks • Impressions • CPC • Conversions (w/ FB tag) • No “like” social component CPC or CPM to Facebook Page • CTR, Clicks, Impressions, CPC • Social Endorsement, • Social Imp • Social Clicks • Social CTR • +“Registration” • Conversions / Actions 2/28/2011 13
  • 14. It’s Cost Per Click, Not Cost per ‘Like’ $ 2/28/2011 14
  • 15. Facebook Auction Factors Bid Price Ad Quality Performance 2/28/2011 15
  • 16. Targeting and Demographics Use Facebook’s Unique Advanced demographic targeting to reach Demographics (Birthdays, Sexual only the users you want. orientation, Relationship status, Target by Likes & Interests Language, Target by (Activities, Interests, Music, Books, Education, Age, Sex Movies, Television, etc) Workplaces) Target by Location: City, State, Zip… 2/28/2011 16
  • 17. Case Study: Facebook CPC with Wish-Bone Salad Dressings 2/28/2011 17
  • 18. Wish-Bone Facebook Campaign Objectives Objectives: Increase Fan Base, consumer awareness, “Wishes” during 2010 Holiday Season. Be top of mind for resolutions to eat more salads & vegetables in 2011. Demographic: Women 35-54 KPI’s: Fans, share ability, want game and fan page to be shared with friends to help promote brand. 2/28/2011 18
  • 19. Campaign Structure • Ad Variations:  1 Wishbone Logo  1 Bottles Logo  2 Game Ads • General Ad Targets:  United States  W 35-54  W 25-35 • Interest Ad Targets:  who like cookbooks, cooking, cooking dinner, family, fruit and salads, health, health fitness, health.com, recipes, recipes for health or vegetables 2/28/2011 19
  • 20. Create Ad Variants and Test Targeting in FB W 25-35 W 35-54 W 25-35 W 35-54 + Interests + Interests 2 Reg Ads 2 Game Ads 4 ads 16 ads 2/28/2011 20
  • 21. Optimizations and Fine Tuning Monitor Performance (spend, likes, clicks, CTR, etc) Bid Price Ad Demographics Creatives & Ad Copy 2/28/2011 21
  • 22. Results Surpassed Goal Hit Broad High FB Social Bonus of Fans Reach Performance • Friend names in • Nearly 30,000 Fans • Impressions • Close to 1% CTR line ‘likes’ in 10 Days reached nearly ¼ and low CPC (beat contributed to of all of target Google Content) over 25% of • Slow week for audience in the FB impressions. Internet search • CPC Model (Dec 21-31) Universe (US produced eCPM • Social CTR market) lower than actual outperformed • > 7 MM CPM. $.27 vs. normal CTR by up Impressions $1.90 to 1% 2/28/2011 22
  • 23. Demographic Profile Learnings • Dirty Dancing Movies • Color Purple Suggested Ways to Use this Data: TV • CSI Shows • NCIS  Tone Of Messaging  Promotions • Family  FB Page Content Interests • Dancing  Co- Sponsor similar FB pages • Gospel Caveats: Music  Using Findings to • Jazz Optimize Interest 2/28/2011 23
  • 24. In Summary…. Search and Social Interactions Are you ready for FB? “like” = registration Optimize with ad variants Social lift for FB Ads Additional demo info from FB Ads 2/28/2011 24
  • 25. Wish-Bone Brand Team “We are extremely happy with the results of this campaign. Our goal was to “Our target audience is increasingly build our fan base by leveraging the using Facebook as a means to strength of the Wish-Bone brand to communicate and engage with the deliver engaging content that someone brands they love. This campaign has would want to share with their friends. positioned us to be an active We are very excited to continue this participant in the conversation.” conversation with our fans.” – Nathan Micklos, Wish-Bone Associate Brand Manager – Susan Kamil Wish-Bone Brand Manager 2/28/2011 25
  • 26. Thank You Simon Dang • Simon.Dang@mindshareworld.com • +1 212-297-7651 • @plateoftheday • http://www.linkedin.com/in/simondang 26