Posts Tagged ‘word of mouth’

Social media and social responsibility

Thursday, September 15th, 2011

Over the past few years, social media has become an important tool of marketing. Big brands have invested in the new media hoping to hook the audience to their products. And, with the success of the platform, the brands are now looking to leverage the tool for enhancing their brand equity via social causes’ route.

Social responsibility goes social

With growth of Facebook and twitter and the rise of social media marketing, it is no surprise that then this medium would now be used to promote corporate social responsibilities (CSR). While the brands are slowly starting to embrace this route, many social causes have already been promoted to good result via Facebook and other social platforms.

                    IAC

Social Causes Promoted via Social Media

Not just local public cause, social media has played key role in national causes. The public led campaigns against issues in countries like Libya, Egypt and India has shown what this medium is capable of. And if harnessed properly, the medium can deliver like none other.

Reaching the masses

In India, there are 31 million Facebook users, while the total number of active users on social media is expected to be 45 million by year 2012. This platform is growing and how. There is no denying that social media provides the easiest, and most cost effective route of reaching such an audience.

                      Causes 

Engaging the influencers

A key tool for any cause based program is to have the experts opinion put forth. A doctor talking about a health related issue makes the cause look that much more credible. Social media provides this opportunity to all the brands.

With over 40000 active bloggers who have built a major clout with their writing, brands can engage with these writers while talking about the cause and make them understand their fight. They in turn would then promote the cause and bring credibility to program.

                     Philips

Philips LinkedIn Innovation in Health

Not just blogs, lot of professionals are on social media, who can be engaged through their inputs and dialogues with general public in order to make the cause support that much more real and beneficial for normal people.

Key Benefits:

It also provides key benefits that any brand looks from a CSR or cause promotion. It helps brands in:

  • Improving Social Welfare
  • Establish differentiated brand positioning
  • Create strong consumer bond
  • Enhance brand equity
  • Boost internal morale
  • Drive Sales
  • Drive market value of firm

Acceptance of the campaign

A lot of skeptics have questioned the acceptance of a social media campaign. The fact that it is perceived as a youth platform makes them feel the whole seriousness of the issue would be lost. What they are not realizing that in a country like India, 66% percent of the population falls in the youth category. Thus, addressing them on their choice of platform is key to making them talk and think about the cause. And that’s not about it. 

End Cause

The result of a social media campaign can be gauged through response generated either through number of people who have registered for the cause or amount of money donated through the program. Also, the success of the program can be gauged through how well the program has been able to improve the lives of people who supported the campaign. There are no shortages of examples of the same in India. Brands like Fair and Lovely have contributed majorly towards growth of the society via this platform. The Fair and Lovely Foundation has reached out to over 300 girls in just 7 years and changed their lives.

FAL Foundation               Aircel

Brand led campaigns

Similarly Aircel has managed to build a support of over 300,000 people for save the tiger campaign. The major highlight of this campaign was making people believe that they can contribute to a cause which previously they though they can’t do much about.

And that is the victory that social media can lend to a corporate social responsibility or a cause promotion by a brand. It can make people feel important; it can make them feel like a responsible citizen. That they can make a contribution to any cause that they feel for through this channel makes it that much more powerful.

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.