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Retargeting on Facebook: 3 Quick Wins Using FBX

Launched in June of 2012, Facebook's native retargeting ad product, Facebook Ad Exchange (FBX), has been proven to be extremely effective, with some partners reporting dramatically higher clickthrough rates and lower costs per conversion than traditional web retargeting.

While I won’t go deep on explaining the technical logistics of FBX here, basically, FBX advertisers place a Facebook pixel on some or all of the pages of their website in order to retarget website visitors with ads on Facebook. 

Here are 3 ways your brand can use FBX advertising to accomplish your marketing goals:

1. Close the Sale

If your eCommerce website has a conversion rate of 2%, that means that 98 out of 100 visitors to your site are not buying!  Let’s change that.  Retarget browsers and shopping cart abandonners with offers relevant to their experience in your store to entice them to come back and complete the purchase. In the example below, we're retargeting a visitor segment that has visited two or more Nike products in our running shoes and apparel store.

An example of a  Newsfeed link post ad using FBX to retarget non-converting website traffic.

An example of a  Newsfeed link post ad using FBX to retarget non-converting website traffic.

2. Ask for a Post-Purchase Review

It is no secret that online reviews are effective conversion drivers, and that most online shoppers rely on peer input to make purchasing decisions.  Target your past purchasers with offers that reward them for returning to your store to leave a review, or better yet, for sharing their purchase with their network on Facebook.

3. Foster Loyalty Among New Customers

Customer Lifetime Value is a key metric for most marketers, and FBX is a fantastic tool for retargeting past purchasers to start the conversation about their next purchase.  You’re probably already doing this with your email CRM communications.  Think about how this could translate to Facebook communications.

Facebook retargeting with FBX can be a tremendously effective and efficient way to drive conversion and improve customer loyalty and  lifetime value.  If you’re not using it to move the needle on these key marketing goals, you may be missing out on some low hanging fruit.  

Want to learn more? Let’s talk about how I can help you with FBX and accomplishing your digital marketing goals.


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How To Avoid Fake Facebook Likes: What The Veritasium Video Doesn't Tell You

Popular science blogger, Derek Muller of Veritasium, released a YouTube video that highlights a problem with the Facebook advertising ecosystem. Derek’s experiment was also well covered by Mashable.

In his experiment, Derek tested Facebook Like ads as a method of generating Fans for his Facebook Page, Virtual Cat, and subsequently discovered that the majority of the new Likes that he garnered were (most likely) fraudulent.  He theorizes that they are the result of “click farms”, shady pay-per-like service providers operated out of developing countries who deliver thousands of likes for pennies on the dollar, typically from fraudulent user accounts.

This is not a new problem.  It has been widely reported over the past few years: here, here and here.

There is no doubt that this issue is a problem for Facebook.  Ultimately if they want to continue to woo marketers and maintain their position as online advertising’s belle of the ball, Facebook will need to continue to purge their network of fake accounts.  They've done this before and have committed to continuing to do this to maintain the integrity of the network. The Veritasium video will definitely help to hold them accountable to that task.

However, for savvy social media marketers who understand how to use Facebook’s robust advertising platform, there are ways to use targeting to reduce the risk of attracting fake Likes, if not eliminate it completely. 

Let’s start with ad targeting.  To sidestep possible fraudulent Likes, brands can use three of Facebook’s more sophisticated capabilities: Custom Audiences, Partner Categories and Action Spec targeting.

Custom Audiences lets marketers target (or exclude) specific users on Facebook using a unique identifier which can consist of either an email address, phone number, Facebook UID, Mobile UID, or Apple IDFA.  By using customer and prospect data to define your targeting, you can be sure that your Facebook Like ads are being displayed to authentic users, and those that are most likely to engage with you. More about Custom Audiences here.

Partner Categories uses 3rd party consumer data from Datalogix, Axciom and Epsilon to create targeted segments based on past behaviour. For instance, in the Virtual Cat example used by Derek Muller in the video, he could have used the Pet Care Buyers > Cat Food and Products, a segment that consists of approximately 12,553,500 targeted users, to find real pet owners based on their past purchasing behaviour. Note that currently, Partner Categories are only available to advertisers in the US. More about Partner Categories here.

Action Spec Targeting allows brands that have deployed a Facebook App, such as Login with Facebook, or the Facebook Like Button, to target ads at users that have interacted with that application.  This targeting can be extremely precise and allow brands to target users based on specific actions (i.e. Liked, Commented, Voted, etc.) and objects (i.e. Likedon ).  Action Spec targeting gives brands the ability to target highly qualified audiences with extremely relevant messaging and offers, resulting in high engagement. More on Action Spec targeting here.

    Using the tactics that I’ve outlined above, advertisers may find that their cost is relatively higher than the ~$0.10/Like cited by Muller in his video, which stands to reason.  As ad targeting narrows, typically costs increase.  At the end of the day, brands are hungry for the attention of their customers and prospects, and increasingly, those consumers are spending their time on Facebook (overwhelmingly so when compared to other social networks).  Paying a premium for the attention that Facebook owns is simply a reality that advertisers neeed to decide if they are willing to accept or not.

    The other systemic “problem” with Facebook’s ecosystem that Muller describes is that Facebook limits organic reach to Fans as a function of its newsfeed algorithm that displays Page content only to the fans that are most likely to engage with it. This is well covered by Search Engine Watch here.  If brands want to reach 100% of their Fans on Facebook, they will need to promote their Page posts via ads.  As Muller correctly describes, Fans that don’t engage with a Page's content hurt organic Page reach by diluting engagement rates.  This has been much discussed already, but the simple rule of thumb here is to focus on generating Fans that are most likely to engage with (and share) your Page’s content. Savvy Facebook marketers know this.

    Fan acquisition campaigns need to include a smart content marketing plan to generate near-immediate engagement from new Fans in order to have the best shot at ongoing organic access (or reach) to that Fan's newsfeed.  This part of the media plan is often overlooked, but is crucial to making the most out of Facebook ad budgets and protecting the integrity of your Facebook Page and its ability to generate owned media reach.  For the purpose of this post, I won’t get into the many approaches to how this can be accomplished, but if you are spending dollars on generating new Likes on Facebook and are not also thinking about how to get as many of those new Fans to engage and share your Page’s content (and quickly), then you may want to take a step back and rethink the value of your Facebook ad spend.

    How do you ensure that your Page Likes are made up of authentic customers and prospects on Facebook?

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    Talking Facebook Data at Social Commerce Strategies

    I'm thrilled to announce that I'll be presenting at the premiere social commerce conference, Social Commerce Strategies, taking place in San Francisco March 31-April 2.

    My presentation will be Striking Gold: Mining Social Data for Value .

    Social Media Data Analysis and Exploration

    Image Source:

    Cambodia4kidsorg

    Facebook offers brands access to an enormous amount of data about their Fans, friends of Fans and other in-network prospects.Add to this the enormous trove of valuable data that can be accessed via the Open Graph platform, and your marketing team can be easily overwhelmed with more noise than signal. What data is actionable? How can marketers use this data to better inform their communications strategy and improve acquisition efficiency?

    This presentation will help you to navigate the different types of Facebook data at your disposal, as well as some replicable examples of how to uncover data that will lead to winning results.

    The presentation will explore:

    • Facebook Insights - More than Just a Like:The Facebook Page data you should be looking at.
    • Facebook & Web Analytics: Understanding Facebook-referred traffic, and how to maximize its value.
    • Permissions & Open Graph Data:The treasure trove of social data, and examples of how to monetize it.

    Will you be attending SCS or be in the Bay Area that week?  If so, let's touch base!

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    #3Things in Digital Marketing News - 08/06/13

    In an attempt to revive my sadly neglected blog, I'll be using this platform to share three timely tidbits, or #3Things,  from my online travels that piqued my interest in relation to digital marketing, social media, technology and innovation.  Enjoy!

    1. Kickstarter Launches in Canada (from Mashable)

    I've always loved Kickstarter as a stellar example of how crowdsourcing and social media have been used to totally disrupt the venture capital space.  Some amazing ideas have been brought to market and have thrived as a result of the reach and Kickstarter's platform, and hopefully this will give Canadian start-ups a new tool to launch their products and services in Canada and worldwide.

    2. Facebook to stop supporting Adobe Flash in desktop News Feed ad campaigns (from Inside Facebook)

    We know Facebook is mobile-first, and that they are trying to simplify their Ads offering, and this latest move supports both of those strategies. (It also makes me wonder if this move is in preparation for a bigger announcement about rumored video ads on Facebook).

    3. Digital Marketers on Twitter: What They Share, Whom They Retweet (from MarketingProfs)

    Pretty self explanatory.  Loved this research from Leadtail and NetBase as another datapoint for identifying the top online influencers in the digital marketing world. Congrats to Jeremiah Owyang for being the 2nd most commonly retweeted person, second only to Barack Obama. That's quite an accomplishment!

    What news bites made your #3Things today?

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