Archive for August, 2011

Feeding the Page Likes

Tuesday, August 16th, 2011

If you have seen the film, The Social Network, you would know that Facebook was not looking at putting any advertising on its clean image. Unfortunately, with time and growth, advertisements have crept into the website.

However, Facebook is now making the ads part of the page. Early this year, they launched a new advertising mechanism that promises to make ad units more social and in fact become a true word of mouth promotion rather than pure advertising.

A story to tell

Sponsored Stories, a new advertising technique launched by Facebook, takes news feeds and converts it in to a display unit. This display unit pops up on the right side of your page as you navigate through Facebook. Interestingly, Facebook has placed these stories above ad units. Just goes to show what Facebook hopes to do in the future.

                                             Sposored Stories on pages

Sponsored Story Placement

What Facebook Sponsored Stories does is that it highlights the activity of a user’s friends who have interacted with a given brand on the site. For example, if your friend checked into an ITC Hotel’s on Facebook, the hotel could buy an ad that highlights that fact on the right hand side of your page layout.

Feed the need

People are naturally interested in things their friends care about. That’s why the News Feed is such a central part of Facebook. News Feed stories give friends an easy way to show each other what they like. Now with Sponsored Stories, you can increase the visibility of these powerful News Feed stories when they relate to your organization or business.

The dynamic nature and unique algorithm behind each person’s News Feed means that each person’s experience is different on Facebook. For Page owners, this means that some of your fans do not see your valuable Page posts (status updates, videos, photos) in their News Feed. Sponsored Stories for Page Posts allows Page owners to ensure your fans see the content that your Page publishes.

If an individual has liked or interacted with Yardley of London, it may carry more clout [among his friends] than if they see an ad that simply says Yardley of London is releasing new fragrance. Sponsored Stories seem to be driving the most engagement for verticals where word of mouth works the strongest in the real world, like sports, entertainment, and music. (Engagement is defined as a user taking some action on the ad: clicking on it, Liking it, entering a comment when a comment field is available.)

Typical Story

Typical Sponsored Story Layout

And in real sense, this is true word of mouth promotion. Sponsored Stories promote the organic interactions between people and your business. This new ad format takes social content and turns it into a marketing message, blurring the lines between content and advertising, but doing so in a way that’s still transparent to users.

A different story

While setting up a sponsored story and the bidding process is similar to Facebook ads, there is a remarkable difference between the two. While advertisement is targeted to an unknown audience whose numbers can only be approximated, sponsored stories goes to every page member and their friends. It is more direct and more personal. And it has a definite number gauging mechanism associated.

While this may be the critical differentiator, it also makes the Sponsored Stories a more effective and true representation of word of mouth promotion through paid mechanism. With seven different types of stories to choose from, brands and page owners can now look for organic growth via a paid model.

Types

Types of Sponsored Story Feeds

Effective Story Telling

One Facebook advertising platform provider has found that Sponsored Story ad units have click-through rate that’s 46% higher than standard Facebook ads, according to a post on Inside Facebook. TBG Digital conducted a test over the course of ten days and 2 billion ad impressions, which showed that the Sponsored Story ads performed better in terms of click-through rate and cost per click.

These results aren’t all together shocking. Since people tend to trust their friends more than they do marketers, it’s no surprise that tying the two together would be more effective than other forms of advertising. Granted, this is only one study and with three advertisers participating, it wasn’t a huge sample but these early data suggest that there may be a future for the Sponsored Stories ads.

According to Vice President of Advertising and Global Operations David Fischer, the units, which cost the same as standard Facebook ads, are performing, on average, twice as well. "The key reasons it works is that it is engaging, it is social, and it is reflective of what brings people to Facebook overall, which is to share and connect," Fischer said.

Sponsored stories are allowing us all to become marketers by default of our Facebook actions. It’s influential and a natural referral based type of advertising as well. It will be interesting to see what new forms of social influence type marketing Facebook comes out with in the future.

Bloggerati of the Fortnight: Anuradha Goyal

Tuesday, August 16th, 2011

Anuradha GoyalBeing the author of one of the best blogs in the country sure sounds a cool thing. And clearly our Bloggerati of the Fortnight, Anuradha Goyal, fits the role with all her coolness. She used to be an IT professional working with global giants like Coca Cola and Infosys, but now she is working as a consultant focusing on managing the growth path and changing the DNA of an IT organization which involved change management, creation of a creative culture and bringing in a mindset of innovation.

In Anuradha’s own words “I write because I enjoy doing that. I travel because I have to and I need no reason to travel. There is this yearning to explore the world first hand that keeps me going.” She also loves to read and then write about what she has read. Her blog combines all of her three interests to form an amazing collection of articles which have generated 126,739 visitors.

And if you read the articles, you would not wonder why she has had such a success with her blog. Her writing is simple yet acts like a kaleidoscope, transporting you in to a world that the author is talking of.

“The park was a pleasant surprise with its well marked tree-lined walk ways, the rich orange Gulmohar trees, various colorful flowers peeping out from here and there and a small lake in the middle.”

She also holds your attention in each article by backing them up with great photographs, which not only help in building the image in your head but also becomes a story in itself, much like a photo blog.

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Having traveled across 22 states in the country and 8 countries around the world, Anuradha Goyal knows how to describe a place with ease. In fact, all her posts has an element of comfort and easy pace to them. These are the basic elements of her writing that makes her blogs so popular and her, our Bloggerati of the Fortnight.

To read more from our Blogger of the Fortnight series, click here.

Facebook starts to branch out

Monday, August 1st, 2011

For long, Facebook has been the place where you hung out with your friends. It was your insight to what your buddies were up to, what they thought and who they were dating. Many thought, it was a place which helped you keep up with their lives. Now though, with 750 million people on the platform and millions of brands, Facebook has morphed into a one stop solution for almost all your needs. Including your search for your next job.

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Off Shoot

One of the key reasons for the growth of the platform has been its adaptability of various applications designed for it. API developers have made almost everything from games, shopping malls to now jobs search application. BranchOut is the largest professional networking service on Facebook. On BranchOut, users leverage their Facebook friend network to find jobs, source sales leads, recruit talent, and foster relationships with professional contacts. BranchOut also operates the largest job board on Facebook with over 3 million jobs and over 20,000 internships.

The Roots

BranchOut is a free application for anyone interested in professional success. All BranchOut users create a professional profile that includes their work history and education. Personal information, like photo albums and status updates, are not included in BranchOut profiles. BranchOut also offers endorsements and career badges, which friends and colleagues give to one another as a way to acknowledge skills and accomplishments.

At the core of the BranchOut user experience is the ability to find connections through one’s extended friend network. For example, when you search for a company on BranchOut, you gain visibility to a list of friends and friends-of-friends who work at that company. These inside connections can be used to increase access to new jobs, sales leads, and recruiting talent. On BranchOut job seekers search for employment opportunities and are found by recruiters.

BranchOut’s enterprise products help recruiters and hiring managers to source talent more effectively. BranchOut offers premium job posts that are easily shared on Facebook and Twitter. BranchOut job post also display inside connections at the target company. BranchOut also offers a product called Jobs Tab that facilitates the transfer of job postings from a company’s website to its company Facebook Page.

Screen

A Different Leaf

BranchOut works much like LinkedIn — users can post work histories, they can connect to other users on a professional basis, and they can search for friends and friends-of-friends working at specific companies. But there’s one major difference. BranchOut is built on top of Facebook, and CEO Rick Marini believes that is what will give it both the scale and virality needed to become tops in the online career networking business based on the 750 million people on Facebook.

Add to that the number of hours people spend on Facebook, and it seems like a natural place to capture their attention. And then there’s the fact that Facebook is increasingly becoming the connection medium of choice for younger people, so much so than some aren’t even bothering to create LinkedIn profiles. For such users, an app like BranchOut will seem like a natural next step, once they get ready to enter the working world.

Sowing the Seeds

BranchOut has done a great job making registration easy. You connect with Facebook. They ask for a little bit of additional information and that’s it, you are up and going. They’ve also done a nice job of importing LinkedIn background information. It brings in Work History and Education. It allows you to easily edit items. You are up and going in just a few clicks. Of course, there’s a lot more on any kind of application like this to really get things setup, but BranchOut has done a good job making that happen incrementally.

branchout-homepage

Watering your network

It is interesting that when you look at the home page interface, most of the interface is really about social interaction. Everything on the left side below your picture is an opportunity to build your network. The right column also contains opportunities to expand your network. It contains jobs and companies as well as chance to increase social interaction.

inside-connections

Bearing fruits

Endorsements do what referrals did in real world. It helps in building the credibility of your profile. BranchOut uses the profile completion to get you to do your first endorsement, so it’s more natural to do them in the future. They have the following information on your home page about what’s happening with endorsements to get you into it more often.

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Badges are another innovation meant purely for college kids who wish to use the application for job search. It is a fun way of appreciating someone at their work.

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Growing Fast

Although, Google Plus is the fastest growing platform as of today, Branch Out has seen a rapid growth in the first half of 2011. It has seen explosive growth in January growing from 10K to 250K monthly users, with a total usership now in the hundreds of thousands.

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One major reason for such rapid growth is hat BranchOut takes advantage of the inherent social structure of Facebook to make career networking on the platform both a utility and fun, incorporating elements like gamification, career quizzes and contests like The Ultimate Internship Contest in order to appeal to a younger “more tech savvy” crowd. After all those college kids posting photos of one party after the other now will be looking for a job someday.

Blogger of the Fortnight: Dr. Rahul Choudaha

Monday, August 1st, 2011

Education is a sector where a great deal of knowledge is required in order to comment on the prospects since it not only affects the nation at a macro level but also an individual’s career at micro level. One has to be a specialized authority in order to guide others.

Dr. Rahul Choudaha is one such individual. Dr Choudaha is Associate Director of Innovation and Development at the World Education Services, New York. In this cross-functional role he is responsible for developing new services from ideation to implementation and improving existing services. Dr. Choudaha specializes in strategic management of higher education, international market development, and technology based recruitment.

His blog, DrEducation is a key source of information for students searching for news about higher education and trends across the world and in India. His posts reflect what standards of education are available and what can be achieved. The blog also talks about key issues faced by the students in our country about higher education. A good example of the same is his blog on the recent controversy about 100% cut off for admission in under graduation colleges in New Delhi.

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(From his post: Indian University Admissions: The Crisis of Confidence in Quality)

Dr. Choudaha also highlights the need on having a clear focus for institutions to work on the basics rather targeting impossible goals. His article on targeting better admission standards than focusing on placements numbers clearly shows his concern for improvement in learning process rather than delivering the final result. He states that if the process is good the result is bound to be good as well.

DrEducation comes across as an information highway for Indian students looking for authentic information on global trends about education. It also helps them shape their minds so as to pursue a correct career option for themselves.

Dr. Choudaha earned his Ph.D. in Higher Education from the University of Denver and holds an MBA in Marketing and B. E. in Electronics. He has been quoted in global media including BBC, TIME, NPR, WSJ and The Chronicle of Higher Education, InsideHigherEd.com and Times Higher Education. And it is our pleasure to honor Dr. Rahul Choudaha as our Blogger of the Fortnight.

 

Read  more from our Blogger of the Fortnight series.