Tag Archives: a uber.la quickie

Social Advertising Benchmark Report, Facebook Results

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[An uber.la quickie is a streamlined takeaway from today’s best marketing sources]

SalesForce and ExactTarget take on Facebook Advertising in a new study. You’re welcome to go grab the full thing here Social Advertising Benchmark Report, but I think all you need is the following summary slide from the deck.

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That follows with my experience using Facebook mobile ads. If you have an app, Facebook Mobile-Install Ads are like pure gold. For other types of content, the CTR is better, but the costs tend to be higher as well.

Here’s what I think we should take away from this report.

Typical FB ad CTR is between 0.01 – 0.05%. So right away, by putting your ad in the mobile stream, you are upping your CTR significantly. The CPC is fairly low in this report, ours tended to range in the $1.10 – 0.85 range. And that conversion rate (in mobile app advertising speak a click to INSTALL) is actually lower than my experience doing FB mobile ads for over a year: we were at about 50% download and on to about 25% of the total then choosing to actually launch and register the app.

Finally our numbers were also very different depending on if we were promoting a PAID iPhone app ($1.99) or a free (ad-supported) version. Surprisingly our cost per install was much higher for the paid version of the app. So even accounting for the revenue back to the client, the cost per install for a PAID version of the app was in the range of $7. The FREE app cost about $5 per install.

The last detail in the presentation I find valuable is really a concept and graphic rather than a finding. Today’s marketing buzzword in the CEO, CMO circles is the “customer journey.” How a prospect becomes a lead, is scored and nurtured into becoming a customer, and ultimately how they respond and report their experiences with your company are all part of the journey. It is good to think about the full customer life-cycle. Every touch-point along the journey you have decisions to make. Every point along the funnel, of your website, you have opportunities to engage and win the potential customer over.

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Here’s what SalesForce says about their customer journey relevance in the final slide, sales pitch.

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That is your goal, with SalesForce or you own home-grown system of Google Analytics and Excel spreadsheets.

BOTTOM LINE: Connect with your customers on any channel or device, and at any stage along their customer journey.

You can see the same type of results for a ton of geographical areas and business segments in the full report.

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Click to get the full report

My biggest question about this report is why they didn’t title it Facebook advertising? Probably to garner a wider audience. AND because Facebook advertising is the big gorilla of B2C social advertising.

[An uber.la quickie is a streamlined takeaway from today’s best marketing sources]

John McElhenney
@jmacofearth (also seen on Google+: jmacofearth)

Google Takeout: Portability for All of Your Google Data – a Quickie

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[An uber.la quickie is a streamlined takeaway from today’s best marketing sources]

I didn’t even know it existed until this morning, but if you navigate to this handy url https://www.google.com/settings/takeout you will find this handy control system for backing up or retrieving all of your Google-hosted data. Can you imagine Microsoft allowing this portability?

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And that’s the shortlist, there are a lot more data files you can pull down. If you’re protective of your data, or you feel like moving it somewhere else, Google pulls the great open source move and allows you to get all of it, however you want it. This is the model of business 2.0 going forward. App lock-in is bad business. Portability is a critical path requirement for most businesses looking to move their work into the cloud.

Go forth, download your Google life and make sure any company you’re going to do business with in the future, gives you this same LET ME OUT option.

see more uber.la quickies < a streamlined takeaway from today’s best marketing sources

John McElhenney
@jmacofearth (also seen on Google+: jmacofearth)

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Kick the Fear of Failure

Kick the Fear of Failure to the Curb in 8 Steps

Kick the Fear of Failure

[An uber.la quickie is a streamlined takeaway from today’s best marketing sources]

“Whatever humans have learned had to be learned as a consequence only of trial and error experience. Humans have learned only through mistakes.” – Buckminster Fuller

It’s one of those essays that when you read it you will never forget it. Perhaps it was right place and right time, but Terry Bragg’s 8 Steps for Overcoming Fear of Failure, was a transformative document for me. So much so, that I made a point of copy-and-pasting it to my hard drive. And I’ve never lost it. I need to read his advice every so often. The most important tidbit, that has become a maxim of mine, “Fail Faster.”

Here’s an outline of Terry’s fantastic points, in case you don’t have time to read the whole thing. Sometimes all you need are the guideposts.

8 Steps for Overcoming the Fear of Failure

Step 1: Take action. Bold decisive action.

Step 2: Persist.

Step 3: Don’t take failure personally.

Step 4: Do things differently.

Step 5: Don’t be so hard on yourself.

Step 6: Treat the experience as an opportunity.

Step 7: Look for possible opportunities.

Step 8: Fail forward fast.

“Most people self-limit themselves. Most people do not achieve a fraction of what they are capable of achieving because they are afraid to try-because they are afraid they will fail.” – Terry Bragg

References:

@jmacofearth (also seen on Google+: jmacofearth)
permalink: http://uber.la/2014/05/kick-fear-of-failure/

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