facebook ads Archives - DigitalMarketer Thu, 04 Apr 2024 16:11:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.digitalmarketer.com/wp-content/uploads/2021/08/gearsNew-150x150.png facebook ads Archives - DigitalMarketer 32 32 12 Facebook Ad Metrics Worth Your Attention https://www.digitalmarketer.com/blog/12-facebook-ad-metrics-worth-your-attention/ Thu, 04 Apr 2024 16:11:26 +0000 https://www.digitalmarketer.com/?p=167373 Discover the essential Facebook Ad metrics crucial for maximizing your campaign's success. Avoid common pitfalls, understand the true value of data, and learn how to integrate insights from various platforms for a comprehensive understanding of your digital marketing efforts.

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Did you know there are about 200 Facebook Ad metrics? That’s way too much to keep your eyes on. A smarter approach is to focus on a few metrics and ignore the rest until you need them. But how do you know which ones are really worth your constant attention? Let’s find out…

Every Facebook Advertiser Struggles with Metrics

You are not the only one who is lost in the maze of Facebook ad metrics. Every day, my team at MeasurementMarketing.io answers dozens of questions from business owners and agencies about this topic.

  • I read somewhere that metric X is important but is that true?
  • Why would I even track metric Y?
  • Can I really ignore metric Z? 

These kinds of questions are important, but they are often asked at the wrong moment. 

The key to understanding which Facebook Ad metrics matter the most to you, is to see them as possible answers to questions you have about Facebook campaigns.

Let’s dive in…

Are my Facebook Campaigns Profitable?

Paid ads are like an investment. You pour money into ads and hope that you will get more money back. 

But like any other investment, there is a difference between hope and reality. 

One metric in Facebook Ads Manager will partially answer whether your ads are performing as you had hoped.

Return On Ad Spend (ROAS)

This metric tells you how much money you get back from every dollar you spent on Facebook ads. 

It is calculated with the following formula:

Revenue / Ad spend

For example: (your revenue) $1,000 / $500 (spent on ads) = ROAS 2

That means that for every dollar you spent on Facebook ads, the platform  generated $2 revenue. 

All that sounds great, but keep the following in mind:

  • Revenue and profit are different things. So, you will have to do your own calculations to find out if your Facebook ads are actually making profit for you.
  • To calculate the real Return On Investment (ROI) of Facebook paid campaigns, you need to include costs for setting up and managing your ads. 
  • This metric is especially useful to ecommerce stores because they sell directly and know for which price. For service providers, ROAS is harder to calculate because it is hard to assign a price for someone who, for example, signs up to a newsletter. 
  • Facebook knows a lot about you, but you need to assign values to conversions. I cover that a bit further below. 

How Much do My Facebook Ads Cost?

Running ads costs money. To keep track of how much, you can use over 60 Facebook Ad metrics. Here are some interesting ones that can give you valuable insights.

Amount Spent

This metric tells you how much money you have already spent on a Facebook ad or campaign. 

Although you can set daily budgets to keep your budget under control, it is absolutely worth checking this metric regularly. If the amount is low, for example, that can mean nobody is seeing or clicking on your ads. 

Cost Per Mille (CPM)

This metric answers the question how much it costs to show your ad 1,000 times. If you run awareness campaigns, it is useful for two reasons:

  • CPM is a metric that is used by other ad platforms or websites that sell advertising space. It makes it easy to compare the price to advertise on different platforms. On the other hand, it doesn’t tell anything about how profitable the ads are. 
  • The CPM also lets advertisers easily compare the cost of different campaigns on the same platform. If, for example, the CPM for one Facebook campaign is $10 and $5 for another, it is worth diving deeper to understand what causes this price difference. Is it because of the timing? The copy of the ad? The audience? The frequency? Etc.

Cost Per Impression

This metric tells you how much every impression of an ad on Facebook costs you. It is not a very important one from the digital marketer’s helicopter point of view. 

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But I included it anyway to illustrate that Facebook has metrics that can give answers to more complicated questions you didn’t come up with before. 

Prices per unit also put things in a different perspective. Knowing that every bite you take from, let’s say a Philly Cheesesteak (Can you tell I’m from Philly?!?), costs you 0.25 cents, may either spoil or add more taste to your meal. 

Cost Per Click (CPC)

Facebook has two metrics for clicks. CPC links are more important than CPC All, because it tells you how much a link to your landing page costs. A click that is, for example, included in CPC All is when someone clicks to see more of your ad copy. 

CPCs fluctuate and the price Facebook charges you depends on factors such as timing, audience size, the services or products you promote, and so on. 

Yet, the CPC is a powerful metric that is worth keeping your eyes on:

  • It gives you a clear idea of how cheap or expensive clicks to your site or web shop are.If, for example, you pay $10 per click to sell a $3 product, it may be time to rethink your paid advertising strategy completely. 
  • A high CPC may also be a sign that your landing page has an issue. I will get back to that further below. 
  • CPC is also a useful metric to compare the performance of campaigns over time, or to find out which ads are repeatable or need optimization. 

Cost Per Action (CPA)

Ideally, people take action when they see your Facebook ad. That can, for instance, be a click to your landing page, watching a video, sharing your page, and so on. 

The CPA metric shows you how much these actions cost. It is also good to:

  • Use the CPA as an internal benchmark. Simply put: if you can decrease it, you will get more at a lower cost. 
  • Compare the CPAs of different actions. If you  take the bigger picture into account, it may turn out that you have been running ads to trigger people to take actions that don’t boost your business.

Cost Per Conversion

Another metric that is definitely worth your attention is the Cost Per Conversion. If you know, for example, that your paid ads cost you $5 for someone to add a product to the shopping cart, that will give you a good idea whether the campaign is profitable or requires fine-tuning.  

Do My Facebook Ads Actually Contribute to My Goals?

The best way to find out if your Facebook ads help you actually achieve your campaign goals is to look at conversion metrics. 

Conversions are important actions that people take, like adding a product to the basket, filling in a form, signing up for a trial account, and so on.

Conversion Rate

The conversion rate is the percentage of people who click on your ad and do what you want them to do. Let’s assume 100 people click on your product ad and 50 of them add the product to your cart, the conversion rate will be 50%.

That may sound exciting, but if none of them actually buys your product, the conversion rate for your sales goal will be 0%.

It is therefore important to think about your goals and conversions before you dive into metrics. 

How Much Value do My Facebook Ads Generate?

In Facebook Ads, you can assign a ton of conversion values for every goal you want to achieve.

Even if you don’t sell products or courses online, you may profit from assigning a value to conversions, like the Contact conversion value or Leads Conversion Value.

Total Conversion Value

The total conversion value is self-explanatory. But it can also be misleading. If you define, for example, a Content views conversion Value or App activations conversion value, you may get a total skewed version of what your conversions actually are worth. 

Is My Facebook Target Audience Even Interested in My Ads?

Although Facebook is a great advertising platform to reach your ideal audience, your ads may not be appealing to them. The following metrics can help you find that out quickly.

CTR (Click Through Rate)

The click through rate metrics is the calculated percentage of clicks compared to how many times your ad was displayed.

If, for example, your ad was shown 1,000 times and the link to your site was clicked 10 times, your CTR is 1%. 

The toughest part is to decide whether your CTR is good or bad. One way to know this is to run several ads simultaneously and see which one has the highest CTR. 

But this approach is risky too. A higher CTR may not result in higher conversions.

Relevance Score

Facebook assigns a relevance score between 1 and 10 to your ads. The higher the score, the more relevant the ad is for your audience, according to Facebook.

Ads can break or make your campaigns. A picture, the copy, but also how many times it is shown are all details that can make or break your campaign. The following metrics help you better understand how your ads are doing.

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Ad Frequency

This metric tells you how many times the ad has been displayed on average in the Facebook feed of your target audience. 

Mind that this metric can mean many different things depending on the type of campaign you are running.

  • With brand awareness campaigns, you can show your ad more before people get tired of it.
  • If you are running a lead gen campaign, people usually get annoyed when they see the same ad too many times in a short period of time. 

The list of metrics will help answer the important questions you, your business or customers have about paid marketing campaigns on Facebook

Alas, these metrics cannot give all the answers you need to run successful paid campaigns… 

The 4 Biggest Mistakes Facebook Advertisers can Make

The MeasurementMarketing.io team has taught and supported hundreds of businesses with measuring and optimizing their marketing campaigns for success. 

There are 4 mistakes that keep returning and I figured it’s worth dropping them here so you won’t need to make these mistakes yourself…

Mistake 1: Misunderstanding Metrics

Like any other industry, digital marketing is filled with jargon. It’s easy to misunderstand what something is and is not.

Metrics are often confused with: 

  • Business goals 
  • Key Performance Indicators (KPIs)
  • Dimensions
  • Segments

Metrics are just the numbers you add, subtract, multiply, and divide.

Dimensions, on the other hand, are how you sort those numbers.

For example, you might have a “Dimension” that is the Traffic Source and then the “Metric” might be the number of users from that traffic source.

Always remember though, you’ll always first start with a question in mind and then you jump into the data to find the answer (never the other way around!).

Mistake 2: Ignoring Data from Facebook 

Most businesses understand that data is important. But in two situations, it is tough to make data-driven decisions.

Analysis Paralysis

Facebook Ad Manager contains a lot of data, but that is often overwhelming. Not all businesses have the know-how or resources to even look at numbers, charts, graphs and therefore simply ignore them.

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Focus on just ONE THING at a time.  I like to take the advice I learned from my buddy Jeff Sauer at DataDrivenU.com…

“Assign one KPI per team member.”

This keeps it really simple.  If it’s just you, focus on the ONE metric that needs the most improvement.  As your team grows, you can expand your focus (because you’ll have more people to help!).

No Access to Real-Time Data 

This happens, for example, when an external party is running ads and reports monthly. By the time decision makers know what’s going on, the monthly Facebook marketing budget is already gone. 

Businesses that ignore, or don’t have access to Facebook data, lose a lot more than money.

The target audience may, for example, have seen a Facebook ad too many times. It will be an expensive challenge to turn that around.

Mistake 3: Focus on the Wrong or too Many Metrics

Facebook, and other ad platforms, make it very easy to set up your first campaign. They promise you will get results without having to lift a finger. 

And then reality kicks in. 

At one point, you need to understand the true value of data. 

But as I said in the beginning of this article, it can feel overwhelming, confusing or for some, not enough. 

The opposite reaction of analysis paralysis is wanting to have even more data to make complete data-driven decisions. 

Facebook Ads has a ton of them available, like 

  • Photo views
  • Unique achievements unlocked
  • Unique ratings submitted
  • Cost per unique level completed
  • Etc. 

The question is…

Do you really need all that data to drive your business forward?

In other words, ask yourself, “Is this useful?”

This brings us to the last mistake (which actually might sound contradictory)…

Mistake 4: Ignoring Data from Other Sources

Customers start their journey after they have clicked on your Facebook ad. But as you know, a lot can go wrong when the user lands on a site or web shop.

Think, for example, of:

  • The contact form may not be working. 
  • The site might not be optimized for a specific device.
  • The conversion tracking may not be set up correctly.
  • The landing page may not be aligned with the message of the ad.
  • Your actual revenue may differ from what Facebook or other platforms, like Google Analytics 4, shows. 

I am not claiming that Facebook Ad metrics are worthless, but you need to pick them carefully. 

Sometimes the best “source of truth” will definitely be Facebook Ads.  But sometimes (often!) it won’t be the best source for the answers you’re looking for.

To measure your actual revenue, for example, it is wiser to rely on data from your cart, or (even better!) your merchant processor (platforms, like PayPal, Stripe, Authorize.net, etc.).

Conclusion: 

Facebook Ad metrics are very powerful to 

  • Measure the performance of your campaigns
  • Get insights on how to improve your campaigns
  • Control your paid ads budget on the biggest social media platform
  • Reach the right audience with the right message at the right moment
  • Achieve your business goals

But Facebook Ad metrics reveal only one part of the complicated customer journey. 

If you want to stay ahead of your competitors, as a business or marketing agency, then make sure you:

  • Track only the most valuable Facebook Ad metrics
  • Include metrics from other platforms and tools to make profound decisions
  • Give your team access to the data they need to do their job
  • Present everything in a shared dashboard that’s explains itself

This is the secret sauce of businesses that thrive in the complicated digital marketing landscape. 

I hope this information will help you become a better Facebook marketer or give your business a better understanding of Facebook Ad metrics and how they fit in the bigger picture of digital marketing.

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TikTok vs. Facebook Advertising: Which One is Right for Your Business? [VIDEO] https://www.digitalmarketer.com/videos/tiktok-vs-facebook-advertising/ https://www.digitalmarketer.com/videos/tiktok-vs-facebook-advertising/#respond Mon, 17 Jul 2023 17:49:14 +0000 https://www.digitalmarketer.com/?p=165954 Join Maxwell Finn, President of Unicorn Inventions and DigitalMarketer's TikTok Marketing Expert, to see if TikTok or Facebook is right for your business.

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Excerpt from the TikTok Ad Masterclass

Creating effective ad creative is crucial for successful marketing campaigns on different social media platforms. While it may seem convenient to transfer Facebook creative directly to TikTok, this approach often leads to failure.

TikTok requires a unique strategy and tailored content to maximize return on investment (ROI). By understanding and implementing these elements, businesses can optimize their TikTok ad campaigns and connect with their target audience more effectively.

Ad Creative

The biggest mistake taken is when coming from Facebook, people will take their Facebook creative and just copy it over to TikTok, this includes the size ratio and trends – this fails. If you focus your efforts on cracking TikTok ad creative, the ROI on that creative is substantially higher than if we focus just on Facebook creative. It’s a one way street, not a two way street.

Ad Fatigue

Ads on Facebook tend to last longer whereas TikTok creatives fatigue significantly faster. With TikTok you’ll need to dramatically increase your creative output and produce way more ad creative. A way to fail on TikTok is simply by not making enough creative and giving up.

Content Type

It’s important to know the content types that work well and that don’t work for each platform. Where images and animations may work on Facebook, that will not always convert the same success on TikTok. You want to make sure you’re as native as possible with your ad content.

Screen Real-Estate

Many mistakes happen you you don’t leverage the 9:16 ratio on TikTok. Avoid this mistake by taking the extra time to convert the content properly into TikTok as not to keep the black bars on top and bottom of your ad, that’s a missed opportunity for ad space. TikTok is giving you the full screen, use it!

Sound

Sound is not top of mind when scrolling through Facebook, with TikTok, sound is a huge component on connecting with your audience. Audio is part of the culture of the app and can make or break your content.

Length of Content

Understanding the importance of content length will also determine your success with the platform. What may work for Facebook will not always translate and work on TikTok. The culture of content is different on each platform so shooting accordingly will make a difference.

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3 Steps to Sell More from Your Small Business Website https://www.digitalmarketer.com/blog/sell-more-business-website/ Mon, 02 Jan 2023 12:16:16 +0000 https://www.digitalmarketer.com/?p=163534 Digital marketing is becoming more and more competitive. How can you generate sales from your small business website in this competitive environment?

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3 Steps to Sell More from Your Small Business Website

Digital marketing is becoming more and more competitive.

According to Census Bureau’s data, almost 5.5 million new business applications were filed in 2021, which is a 53% increase from 2019.

Hit by global lockdowns and deprived of most traditional means of attracting customers, most of those businesses turned to the Internet in an effort to build traffic and sales.

This resulted in a higher than ever digital marketing competition.

How can a small business compete with that?

How can you generate sales from your small business website in this competitive environment? 

Here are some solid ways to do that.

1. Formulate a Plan

Successful planners often make successful entrepreneurs, laying out detailed (yet actionable) goals every step of the way. The fact of the matter is that if you have numbers you want to hit, you’ll be much more likely to have them in mind and aim to reach them constantly. 

Write them down and keep them somewhere so you can continually reference them throughout the year.

Create a Sales Plan

A sales plan is designed to outline your goals, tactics, audience, and potential hurdles. After laying out a sales plan, you’ll come away with concrete, measurable goals, including revenue targets and deadlines for hitting each metric. 

You’ll also spend time identifying your target audience, which will be crucial for success in marketing. Creating a sales plan is a necessary first step in meeting your overall business goals.

Create a Prospecting Plan

Think of your prospecting strategy as a guidebook for your sales team (even if your sales team is just you). It should cover all of your preferred sales methodologies, as well as information on who to target. 

Ask yourself which form of selling most closely aligns with your business and its goals, from cold-calling to trade shows, to a 100-percent-digital strategy.

2. Market Your Business

Building a good marketing strategy really comes down to two crucial factors: 

  • Understanding your audience 
  • Getting your product or service in front of your target audience. 

Anything you can do to gather information on your target demographic and then to effectively, affordably market to them will get you ahead in marketing.

Leverage 360-Degree Digital Marketing

Depending on the type of business you operate, you can probably get away with a fully digital marketing strategy. Focus on the most affordable methods first, such as building out your social media  and local business profiles. 

Social media is the best option for connecting with current, and future, customers. Consider pay-per-click and performance-based marketing options, such as affiliate marketing. This will help you get your product or service in front of a bigger audience for a much lower up-front spend.

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Make Sure You Have a Loyalty Building Plan in Place

It is hard (and in many niches impossible) for small businesses to develop solid and consistent traffic generation methods.

So focus on retaining those customers that did find you and turning them into brand advocates.

There are many ways to achieve that, so create your strategy based on your business and product specifics:

  • Set up a dedicated spot for your customers to become part of your community
  • Use a solid CRM solution to organize customer relationship management process and identify steps where it may be failing
  • Reply to comments and reviews when your customers are discussing your product or asking questions
  • Encourage user-generated content by offering perks in exchange for sharing an unboxing video, a photo review of your product or a tutorial on making the most of it.
  • Offer exclusive deals and packages. vcita offers a “Packages” feature that allows small businesses to bundle several services together and sell them as a package deal online at a discounted price. You can use vcita to create unique packages for your return users:

Research Niche Gaps and Competitors’ Fails

What are your competitors missing? Which features or products are they seeking and failing to find? You can actually turn the poorest experience into a business opportunity, if you learn to identify that opportunity.

Researching niche gaps is a great way to find a sweet spot for your business to stand out. SE Ranking competitive research tool allows you to identify your competitors’ strongest and weakest side. 

You can also use its keyword research tool to find searchable keywords that don’t have much competition (this is a great way to find what’s on demand but without a solid offering).

Social media listening is another great way to find customers who are dissatisfied with your competitors and identify what your competitors are doing wrong (and how you could fit in):

Make Sure People Can Find Your Business

Start by implementing the basics, including a well-optimized website and a detailed listing on Google’s My Business Profile platform (if you are operating a local business).

Optimizing your website through proven search engine optimization (SEO) tactics—such as including relevant keywords and building out detailed, useful pages—is an easy way to ensure that people can find your business. 

Plus, besides the time you spend writing the copy, it’s free! This is also extremely important for small businesses. Text Optimizer is a great tool to help you create a highly-relevant copy:

Encourage Cross-Business Collaboration

As a small business owner, you may not have a ton of employees but it is still important to keep them excited and motivated. Encourage your employees to submit content ideas, feature your team members on your social media profiles, let them contribute to your social media channels, etc.

Keep your team together even if you don’t have an office. Your employees need to be part of the family, and an effective communication strategy is vital for any business. Nextiva offers affordable small business communication solutions which will keep your team together:

3. Analyze & Adapt

Too often, businesses funnel big money into marketing and development without investing in detailed tracking and analytics. But you need both to thrive. 

Why does data matter so much for boosting sales? Because it allows you to measure—usually, in concrete numbers—exactly what’s working and what’s not working, and then it forces you to adapt accordingly. 

Be sure to track your results over time, so you know what strategies are working or if you need to pivot your plan. It is important to keep in mind seasonality, or any other factors, that naturally fluctuate your business, so you can accurately predict results.

Invest in Analytics Tools

Luckily, many digital marketing platforms include built-in analytics, but what about when you’re trying to track something that’s not single-platform based? Often, you can add tools and plug-ins to your website or store to keep track of where sales are coming from and other metrics. 

Using a comprehensive Rank Tracker that can connect many data points (rankings, traffic, conversions, etc.) is also essential:

Track All Demographics

As long as you have permission from your user or consumer, you can gather as much demographic information as possible. Pay close attention to patterns that emerge with regard to age, gender, geographic information, income, and education level. 

This will help you figure out exactly where to funnel your promotional dollars, including which social media platforms to advertise on and which affiliate websites or blogs to partner with.

Put Your Data to Use

What good is a fleshed-out set of data if you don’t put it to use? Make sure you’re using every single finding to keep your business agile, adjusting as needed to different consumer preferences and market trends. 

Be patient with your analytics, keeping a close eye but not being obsessive. In time, you’ll have a solid bank of information that will tell an obvious story about where you should take your business next.

Ask for Feedback and Focus on the Customer

A good sales strategy is one that serves both the seller and the consumer. As you’re going through your first year or two in business, make sure to always keep your ears open to feedback, focusing on specific ways you can improve the customer experience. 

Remember that happy customers tell their friends when they’re both satisfied and dissatisfied with a business, so keeping them smiling can help you grow your sales exponentially without you having to do anything at all!

User experience is a vital part of business success both on the web and in real life. If a customer had a positive experience and can leave a review, that will be invaluable when others are looking for similar products.

Positively interacting with customers and ensuring their satisfaction, will not only encourage them to return but also recommend your products to others.

Even though the Internet is getting super competitive, there are still a lot of opportunities to start a successful home-based business and set up a small business that will stand out. All you need is a plan, a solid technology partner and a good team!

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How Ecommerce Transformed Marketing  https://www.digitalmarketer.com/blog/ecommerce-transformed-marketing/ Mon, 19 Dec 2022 20:58:01 +0000 https://www.digitalmarketer.com/?p=163528 Ecommerce and the rise of technology in everyday life have changed marketing forever, that doesn’t mean that marketing’s role has diminished.

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It’s getting harder to remember a time when the internet didn’t dominate the business landscape. In retail, entertainment, and many other industries, ecommerce and digital services have long surpassed their high-street counterparts. 

So, how exactly has ecommerce changed the way we do business? And, in turn, how has that changed the way we market? First, let’s look at how ecommerce affected the balance of the economy. Then we can start to understand why marketing has had to adapt to new digital techniques.

What is eCommerce and How Has it Impacted the Economy?

Since the early 2000s, the ecommerce market size has been growing rapidly. It only keeps accelerating, too. According to Insider Intelligence, US ecommerce sales are predicted to pass $1 trillion in 2022. Worldwide, they expect to see $5 trillion in ecommerce sales. 

Image sourced from McKinsey

As more businesses had success selling their goods and services online, others naturally followed. We have also seen a change in consumer attitudes as the convenience of online purchases proved popular. 

The fact that the global market size of ecommerce continues to grow reflects these changes. At the same time, advancements in logistics, distribution, and business technology continue to develop to support new ecommerce demands.

Moving Retail Online

When we think of ecommerce, the first thing that comes to mind is online retail. Consumer giants like Amazon have made online shopping fast, safe, and convenient. But small businesses have also found greater success by moving to ecommerce models.

That’s in part due to the greater reach of online channels. Social media and other sources have offered an inexpensive way for SMEs to reach a much wider audience. 

The Rise of On-Demand Entertainment

Growth in mobile device use has grown alongside ecommerce and digital services. Instant access to entertainment on the go is something that modern consumers have come to expect. 

This has led to the success of online subscription services in TV, gaming, and other entertainment. It also developed social marketing through sponsored, promoted, or monetized content on social video apps like TikTok or YouTube.

Small Business Opportunities

E-commerce gives small businesses a chance to compete with the marketing reach of much larger businesses. Through smart social media campaigns, SEO optimization, and other digital marketing techniques, small businesses can cut through the noise in competitive markets. 

Ecommerce Types

There are four distinct types of ecommerce businesses. Each has its own style of marketing. 

Image sourced from Digital Skill Blog

B2B

Businesses that sell directly to other businesses. These include SaaS companies like these providers of small business VoIP in Canada.  

B2C

Businesses sell directly to the customer. This could include online retailers or subscription services like Netflix. 

C2C

Customers selling to other customers. This includes the second-hand goods market and resellers operating through auction sites like eBay. 

C2B

Customers selling to businesses. This one sounds counter-intuitive, but what we’re talking about here is contract service provision. This can include freelancers, product testers, and so on.  

What is the Impact of Ecommerce on Marketing?

Marketing is nothing if not adaptive. As ecommerce has emerged and evolved, marketing has gone through many changes. Starting from simple banner ads and email campaigns, digital marketing has come to mean so much more.

The Decline of Traditional Marketing

As digital e-commerce marketing has grown, traditional marketing methods have fallen out of favor. They haven’t gone away entirely, though, and some businesses still make good use of TV, direct mail, SMS & sales calls, and even the good old billboard. 

New Marketing Channels

The decline in traditional methods was driven mainly by the growth of new online channels. These offer much higher reach at a relatively low cost. Social media sites, in particular, have allowed marketers to interact with their audience in new, more direct ways.

Customer Data & Efficient Targetting 

The most significant advancement in marketing from the rise of online culture is the use of customer data. This part of digital marketing is still advancing as new technologies like data analytics drive marketing insights.

Of course, customer feedback existed before the digital age. Yet, traditional marketing surveys had limited reach, and they could only tell you the customer’s direct opinion. Digital data is not only more accessible, but it also demonstrates customer behaviors. 

In analyzing these behaviors, marketers have found the greatest advantages in demographic targeting and customer engagement.

Free to use image sourced from Unsplash

10 Advantages of Ecommerce in Marketing

Why did ecommerce manage to overtake traditional retail and other markets? Well, there are some distinct advantages that ecommerce provides. 

  1. Availability of data
  2. Omnichannel marketing
  3. Less physical restrictions
  4. 24/7 sales & support availability
  5. Global reach 
  6. Digitization of products & media
  7. Social & influencer marketing 
  8. AI and advanced BI (Business Intelligence) technology
  9. Marketing on the go
  10. Marketing automation 

Whether it’s customer data at your fingertips, a global audience, or the ability to advertise straight to a customer’s mobile, ecommerce extends the reach of a business. That extends the reach of your marketing efforts, too. As your reach expands, your ability to target specific users or user groups increases as well.

Ecommerce Areas & Their Digital Marketing Techniques

Digital marketing and ecommerce are related, but they’re not the same. It’s more accurate to say that digital marketing evolved alongside ecommerce. Any business can use digital marketing, even if they only have a minimal online presence.

Website-Based Ecommerce Marketing

Services like Shopify UAE have made it simple for even small businesses to establish an ecommerce presence. These and larger online retailers tend towards SEO optimization as their main driver of traffic. 

SEO optimization is the process of making your site more visible in search engine rankings. It’s a cost-effective way to get your services in front of customers who are making either general or specific searches in your business area. 

On-site marketing is still a popular digital marketing tactic. It works on two levels as well. You can source inbound traffic to your website’s landing page through ads and backlinks on other websites and provide the same service to others to generate additional revenue. 

E-commerce businesses that are focused primarily on their website will also make on-site optimization a priority. Slow-loading websites are a major reason for high bounce rates in ecommerce. Your bounce rate increases by 32% as your page load time increases from 1 second to 3 seconds. That means it’s vital your marketing is backed up by good site performance.

Mobile Ecommerce & Mobile Marketing

Mobile apps and mobile browsing are other areas where digital marketing has had to adapt. Standalone mobile apps have led to the growth of personalized marketing via push notifications and in-app advertising. 

Personalization is based on analyzing a user’s habits and tailoring ads and offers to their preferences. This is a powerful tool for increasing ecommerce sales. Studies have found that up to 76% of customers are more likely to purchase from brands that personalize. 

Image sourced from McKinsey

More customers, especially in younger demographics, now choose to browse on mobile devices. That means that web-based e-commerce management has had to react to the shift as well. Mobile optimization is now as important to ecommerce software and sites as their desktop performance. 

Digital marketing for these sites can also take advantage of the benefits that come with personalization. On-site ads and offers, email campaigns, and more can be personalized by leveraging your customer data.  

Social Media Marketing 

Social media marketing is now used across all consumer-facing industries. Many B2B businesses maintain client links in part through social media networks like LinkedIn, too. There’s more to social media marketing than setting up a brand account and posting ads, though. 

Social listening (or social monitoring) is a popular way for marketers to gauge how their business is perceived. This indirect form of collecting customer feedback can lead to insights into your brand awareness and drivers of satisfaction (or dissatisfaction) in customers.

Influencer marketing, where brands work with online personalities, is also part of social media marketing. In most cases, brands target influencers with a highly relevant audience demographic or those with a wide reach (i.e., large follower counts). 

Social media has proven popular as a channel for customer communication, too. Many customers now prefer to reach out to brands with queries over channels like Twitter and Facebook. 

Customers expect quick responses, usually within 24 hours, when they reach out on social media. This means social media managers have become an important asset both for customer service and digital marketing purposes.

Free to use image sourced from Pixabay

Email Campaigns & Digital Marketing for Physical Businesses

Some businesses will never be able to do without a physical location. Even if this is you, you can still benefit from the advancements in digital marketing that have come with ecommerce. 

As we mentioned above, more traditional digital avenues like email marketing can benefit from personalization. Digital services have also integrated older methods of communication that remain popular, like VoIP with SMS functions. 

Final Thoughts: Ecommerce Has Changed Marketing For Good

Ecommerce and the rise of technology in everyday life have changed marketing forever. That doesn’t mean that marketing’s role has diminished, though. If anything, marketing, and especially digital marketing, are more relevant than ever.  

The post How Ecommerce Transformed Marketing  appeared first on DigitalMarketer.

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The Biggest Ad Fraud Cases and What We Can Learn From Them https://www.digitalmarketer.com/blog/ad-fraud/ Fri, 02 Dec 2022 21:08:06 +0000 https://www.digitalmarketer.com/?p=163460 Ad fraud is showing no signs of slowing down. In fact, the latest data indicates that it will cost businesses a colossal €120 billion by 2023.

The post The Biggest Ad Fraud Cases and What We Can Learn From Them appeared first on DigitalMarketer.

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ad fraud

Ad fraud is showing no signs of slowing down. In fact, the latest data indicates that it will cost businesses a colossal €120 billion by 2023. But even more worrying is that fraudsters’ tactics are becoming so sophisticated that even big-name companies such as Uber, Procter & Gamble, and Verizon have been victims of ad fraud in recent years. 

So what does this mean for the rest of the industry? The answer is simple: every ad company, no matter their size or budget is just as at risk as the big guns – if not more. 

In this article, I summarize some of the biggest and most shocking cases of ad fraud we’ve witnessed over recent years and notably, what vital lessons marketers and advertisers can learn from them to avoid wasting their own budgets. 

The biggest ad fraud cases in recent years 

From fake clicks and click flooding to bad bots and fake ad impressions, fraudsters have and will go to any lengths to siphon critical dollars from your ad budgets.

Let’s take a look at some of the most high-profile and harmful ad fraud cases of recent years that have impacted some of the most well-known brands around the world. 

Methbot: $5 million a day lost through fake video views 

In 2016, Aleksandr Zhukov, the self-proclaimed “King of Fraud”, and his group of fraudsters were discovered to have been making between $3 and $5 million a day by executing fake clicks on video advertisements. 

Oft-cited as the biggest digital ad fraud operation ever uncovered, “Methbot” was a sophisticated botnet scheme that involved defrauding brands by enabling countless bots to watch 300 million video ads per day on over 6000 spoofed websites. 

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Due to the relatively high cost-per-mille (CPM) for video ads, Aleksandr and his group were able to steal millions of dollars a day by targeting high-value marketplaces. Some of the victims of the Methbot fraud ring include The New York Times, The New York Post, Comcast, and Nestle.

In late 2021, Aleksandr Zhukov was sentenced to 10 years in prison and ordered to pay over $3.8 million in restitution. 

Uber: $100 million wasted in ad spend 

In another high-profile case, transportation giant Uber filed a lawsuit against five ad networks in 2019 – Fetch, BidMotion, Taptica, YouAppi, and AdAction Interactive – and won. 

Uber claimed that its ads were not converting, and ultimately discovered that roughly two-thirds of its ad budget ($100 million) wasn’t needed. This was on account of ad retargeting companies that were abusing the system by creating fraudulent traffic. 

The extent of the ad fraud was discovered when the company cut $100 million in ad spend and saw no change in the number of rider app installs. 

In 2020, Uber also won another lawsuit against Phunware Inc. when they discovered that the majority of Uber app installations that the company claimed to have delivered were produced by the act of click flooding. 

Criteo: Claims sues competitor for allegedly running a damaging counterfeit click fraud scheme 

In 2016, Criteo, a retargeting and display advertising network, claimed that competitor Steelhouse (now known as MNTM) ran a click fraud scheme against Criteo in a bid to damage the company’s reputation and to fraudulently take credit for user visits to retailers’ web pages. 

Criteo filed a lawsuit claiming that due to Steelhouse’s alleged actions — the use of bots and other automated methods to generate fake clicks on shoe retailer TOMS’ ads — Criteo ultimately lost TOMS as a client. Criteo has accused Steelhouse of carrying out this type of ad fraud in a bid to prove that Steelhouse provided a more effective service than its own. 

Twitter: Elon Musk claims that the platform hosts a high number of inauthentic accounts 

In one of the biggest and most tangled tech deals in recent history, the Elon Musk and Twitter saga doesn’t end with Twitter taking Musk to court for backing out of an agreement to buy the social media giant for $44 billion.

In yet another twist, Musk has also claimed that Twitter hid the real number of bots and fake accounts on its platform. He has also accused the company of fraud by alleging that these accounts make up around 10% of Twitter’s daily active users who see ads, essentially meaning that 65 million of Twitter’s 229 million daily active users are not seeing them at all. 

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6 Lessons marketers can learn from these high-profile ad fraud cases 

All of these cases demonstrate that ad fraud is a pervasive and ubiquitous practice that has incredibly damaging and long-lasting effects on even the most well-known brands around the world. 

The bottom line is this: Marketers and advertisers can no longer afford to ignore ad fraud if they’re serious about reaching their goals and objectives. Here are some of the most important lessons and takeaways from these high-profile cases. 

  1. No one is safe from ad fraud 

Everyone — from small businesses to large corporations like Uber — is affected by ad fraud. Plus, fraudsters have no qualms over location: no matter where in the world you operate, you are susceptible to the consequences of ad fraud. 

  1. Ad fraud is incredibly hard to detect using manual methods

Fraudsters use a huge variety of sneaky techniques and channels to scam and defraud advertisers, which means ad fraud is incredibly difficult to detect manually. This is especially true if organizations don’t have the right suggestions and individuals dedicated to tracking and monitoring the presence of ad fraud. 

Even worse, when organizations do have teams in place monitoring ad fraud, they are rarely experts, and cannot properly pore through the sheer amount of data that each campaign produces to accurately pinpoint it.

  1. Ad fraud wastes your budget, distorts your data, and prevents you from reaching your goals

Ad fraud drains your budget significantly, which is a huge burden for any company. However, there are also other ways it impacts your ability to deliver results. 

For example, fake clicks and click bots lead to skewed analytics, which means that when you assess advertising channels and campaigns based on the traffic and engagement they receive, you’re actually relying on flawed data to make future strategic decisions. 

Finally – and as a result of stolen budgets and a reliance on flawed data – your ability to reach your goals is highly compromised. 

  1. You’re likely being affected by ad fraud already, even if you don’t know it yet

As seen in many of these cases, massive amounts of damage were caused because the brands weren’t aware that they were being targeted by fraudsters. Plus, due to the lack of awareness surrounding ad fraud in general, it’s highly likely that you’re being affected by ad fraud already. 

  1. You have options to fight the effects of ad fraud  

Luckily, as demonstrated by these cases, there are some options available to counteract the impact and losses caused by ad fraud, such as requesting a refund or even making a case to sue. In such cases, ad fraud detection solutions are extremely useful to uncover ad fraud and gather evidence. 

  1. But the best option is to prevent ad fraud from the get-go

The best ad fraud protection is ad fraud prevention. The only surefire way to stop fraudsters from employing sophisticated fraud schemes and attacking your campaigns is by implementing equally sophisticated solutions. Anti-ad fraud software solutions that use machine learning and artificial intelligence help you keep fraud at bay, enabling you to focus on what matters: optimizing your campaigns and hitting your goals. 

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How to Use Content & SEO to Support Your Seasonal Marketing https://www.digitalmarketer.com/blog/content-and-seo-for-seaonal-sales/ Fri, 28 Oct 2022 00:33:39 +0000 https://www.digitalmarketer.com/?p=162991 Holiday season is overwhelming for small businesses trying to make the most of consumers’ hectic buying decisions.

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The big season is almost upon us. Is your small business ready?

It is harder and harder to compete with corporate websites with huge advertising budgets.

When just lots of consumers think the term “holiday sales” is synonymous with Amazon and Walmart, it is too challenging to get your products in front of buyers’ eyes.

Black Friday and Cyber Monday routinely transform the fate of otherwise struggling businesses from precarious to solidly profitable. Holidays are a time when people are looking to spend more than usual. 

Millions will shore up their savings year to have the money for the purchases they want. Large brands spend months strategizing the holiday season promotions they’ll roll out to maximize their sales.

Unfortunately, small (ecommerce) stores are frequently caught flat-footed. They don’t invest resources or time into getting their business well-positioned for the looming flood of customers. If large businesses cannot afford to ignore the season, neither can small ones.

Here are three steps content and SEO can help your holiday promotion and marketing efforts:

1. Identify New Seasonal Landing Pages to Put Together and Promote

Holiday season when everyone is busy buying gifts for everyone, including friends, family and obviously themselves, is the season of new unexpected searching trends to emerge. 

People start thinking about buying things differently: They buy not for a need of something, but to stand out and make the best gift.

SE Ranking keyword suggestion tool allows you to research those new buying decisions by allowing you to filter out words you cannot compete with and focus on your niche. You can also filter results by difficulty to find search queries with lower organic competition:

Once you have identified those search queries with big potential, create new landing pages of related products and link to those landing pages from across your site. 

This trick can work for both service- and product-based businesses, because holiday sales are done by all types of businesses these days. For service-based businesses, researching holiday searching trends and bundling services with related products will help boost sales and create word-of-mouth marketing opportunities.

Setting up these seasonal landing pages is also a great idea because this gives you more pages to promote on social media. These could be “collections” of products that would serve a specific holiday searching pattern and all of these could be linked off from the main “Christmas gift ideas” section. You can set these up with plugins for WordPress or “Collections” feature for Shopify.

Depending on the nature of your business, it may be a good idea to set up a separate mini site to make sure your main site remains focused. This idea makes sense when your holiday promotions and lists do not align well with your current brand and product positioning.

Setting up a separate project is quite affordable these days, even for small businesses. All you need is a new domain. You can host it on your current server, and use free CMS (e.g. WordPress) and free themes.

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2. Create Seasonal Content to Target Semi-Transactional & Informational Queries

Many of those search queries you’ll come across will be purely informational. Think about all kinds of DIY ornaments, costumes, packaging, etc. that is being researched prior to the holiday season. 

Informational search intent means a searcher is looking for answers to questions, tutorials and how-to videos without willing to buy anything.

Semi-transactional intent search intent refers to a searching journey that can actually result in a purchase, even though it was initially planned as a research rather than a buying process.

Both of these types of keywords are useful for boosting your holiday sales for a few reasons:

  • People may buy even if they didn’t initially intend to buy (hello, holiday impulse shopping!)
  • That traffic will enrich your data and grow your audience, so that you can re-engage those people with things like retargeting ads (i.e. ads targeting the past users of your site).
  • This content brings brand awareness, especially if it attracts bloggers and journalists who can link to your site.

It all comes down to:

  • How well your content engages your audience
  • How well your content is optimized for conversions using contextual calls to action.

To give you just a quick of how content may turn readers into buyers, here’s two examples of contextual CTAs in action:

And here’s another example, only in SaaS industry:

Note how contextual CTAs in this example perfectly align with content on the page. That is exactly why you need to develop lead magnets for just about any content you put on your blog.

3. Identify Your Best Timing

Your own web analytics will give you lots of clues as to when your past-year’s holiday traffic started peaking. 

Google Trends is another great tool to identify the best timing for your seasonal content and its promo to start. For example, based on that tool, it looks like the interest in “ornaments” starts growing consistently mid-October, year after year:

Another tool that is helpful for picking your timing is Visualping that offers a cool SEO monitoring feature allowing you to monitor your competitors’ landing pages to be the first to know when they put up their holiday promos. 

With this trick, you’ll never be behind your competitors in starting your pre-holiday marketing.

Conclusion

Holiday season is overwhelming for small businesses trying to make the most of consumers’ hectic buying decisions. Discoverability becomes the most important marketing factor when urgent and impulse shopping drives consumers to buy the moment they see what they need (even if they didn’t know they needed it).

Holiday marketing starts with thinking about the products you want to be included in your promotion. Next, use your email list to reach out to existing customers with heads-up of what goodies are in store for them. By the time the big season arrives, you need to have all the assets and data ready to start marketing and remarketing your products to your current and future customers.

The impact of the holiday promotion could give your sales a momentum that lasts for months.

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