Monday, October 31, 2016

Social Media Overload

New social media platforms are constantly popping up and fighting to be the next Facebook or Twitter.  As the original platforms developed, brands began to recognize their use for the business world in advertising and marketing.  As these social media platforms evolve and businesses recognize their uses, it is important for business to determine their ROI versus their effort.  Businesses need to look at what platforms are successful tools for accomplishing their marketing goals.

Social media platforms are a great tool for connecting and communicating with a brands customer.  In a report from Boston Retail Partners, it was found that retailers could use social media in various ways to improve customer relations.  Most importantly, retailers are collecting customer feedback via social media as, “59% of retailers utilize social media comments as a means of measuring customer satisfaction” and “60% of retailers capture customer feedback and insights from social media and online comments” (Parry, 2016).  In order to connect with different customers, different platforms should be used.  This array of platforms will give the business an array of feedback.  Additionally, multiple social media platforms gives customers multiple ways to connect with a company.

Multi-platform marketing can be successful for a business if a few a key guidelines are followed as outlined by Kristin Hoyde (2015):

Consistency – Instead of posting when you have time, post something at the same times every day so your audience knows when to expect it.
Quality content – Don’t just post content to post it. Have something meaningful to say that your viewers will want to read.
Engagement – Interact with your audience through social media, whether it’s by answering questions they post or by asking questions yourself.
Images – Don’t just post links and text. People love pictures and infographics. Visuals are processed 60,000 times faster in the brain than text. Businesses that have used infographics have grown in traffic 12% more than those that don’t.  
Businesses should also consider their business type and what social media platforms portrays their business accurately.  For example, a salon may want to maintain a Facebook page for business to detail their important details such as hours, location, etc.  Facebook is a great anchor page for a small business that may not maintain a separate business webpage.  Facebook is also a great visual medium.  A salon would want to show off their final product in the way of photos for potential customers to see their body of work.  Businesses that want a simple landing page for their business with the basic information such as hours and location can use Facebook for this simple information in leiu of a sophisticated webpage.  Facebook is also appropriate for businesses that want to display their products in order to entice customers. 

Facebook has recently upgraded their Page tools by adding booking and ordering for social recommendations; and local event discovery.  As seen below, a salon is able to use the booking feature to allow customers to book appointments via Facebook:



 (image from Sterling, 2016)

These call to action buttons allow customers to further interact with the business and make the Facebook business page a one stop shop for a customer.  Facebook Messenger acts as the confirmation communication, starting a one on one conversation between business and customer.  With these improvements, businesses can be benefit from a, “more useful and utilitarian for local discovery and commerce” Facebook platform (Sterling, 2016). 

Instagram would be another recommended social media platform for a business looking to display its work visually.  Users could be encouraged to share their successes with the product via this platform by tagging the location as well as business specific hashtags.  Instagram’s reach is important as it is a mobile based platform.  As users move toward more mobile access, Instagram’s relevance for a business increases.  Luckily businesses have the opportunity to integrate the two platforms for easy use. 

As previously mentioned, it is important to plan the implementation and use of a business’s social media platforms.  This will ensure that the correct platforms are being used and accomplishing the appropriate goals.   The following elements help a business plot out their social media platform and goals (King, 2014): 

The Channel (For example, Facebook.) Continuing with the example, we could look at Instagram for a local salon.

The Persona (Who are you specifically targeting? Please choose one.)  The salon may be looking to recruit younger clientele.   

The Goal (Is it a sales goal, cost-savings goal or are you trying to create a better customer experience?)   With younger clientele, the salon hopes to increase sales.

Primary Content Type (Textual, video, infographics?)  Photos will be the primary content.

Structure (What does a general post look like?) A post could contain a photo of the finished hairstyle with location tagged as well as applicable hashtags.

Tone (Playful, sarcastic?) A playful tone seems appropriate for a younger clientele.

Channel Integration (How will this channel work with your other channels for maximum impact?)  The salon could integrate its Facebook and Instagram accounts. 

Desired Action (What user behavior do you want to achieve?)  The salon would like interaction with new clientele and hope for bookings by these new followers

Editorial Plan (Every channel needs its own editorial calendar.) A calendar for the salon would follow. 

By plotting out the goals, use and schedule of social media platforms, it will ensure that a business is efficiently using the platforms and accomplishing set goals. 

Social media platforms can act as the frontline for a business.  They can introduce customers to their product, act as an engagement tool and continue to cultivate a relationship.  “Connection is the first step. The first 50%. Conversation is the second step. The second 50% “(Brown, 2013), making the engagement with the customer just as important as the initial contact.  Social media platforms are important for a business in terms of advertising as well as social interaction.  A company should look at their business and goals to understand what social media platforms work best for their brand.  Finally, a business needs to be interactive with their social media platforms, simply posting information will not accomplish a brand’s goals. 



References:
Brown, J. (2013). Connection vs. Conversation. Retrieved October 31, 2016, from http://www.socialmediatoday.com/content/connection-vs-conversation

Hovde, K. (2015). Why Every Business Should be Using Multiple Social Media Accounts. Retrieved October 31, 2016, from http://www.business.com/social-media-marketing/why-every-business-should-be-using-multiple-social-media-accounts/

King, C. (2014). 20 Social Media Marketing Tips From the Pros : Social Media Examiner. Retrieved October 31, 2016, from http://www.socialmediaexaminer.com/social-media-marketing-tips-pros/

Parry, T. (2016). 5 Key Areas to Use Social Media to Improve the Customer Journey. Retrieved October 31, 2016, from http://multichannelmerchant.com/marketing/5-key-areas-to-use-social-media-to-improve-the-customer-journey-23082016/


Sterling, G. (2016). Facebook adds new tools for local discovery and commerce. Retrieved October 31, 2016, from http://marketingland.com/facebook-adds-new-tools-local-discovery-commerce-pages-195336

Monday, October 24, 2016

Underrated – Event metric

Event is yet another misunderstood metric that if comprehended correctly, can provide insightful information on the visitor and visitor behavior.  The success of the using the event metric does require some user interaction.  An event represents a specific action that can be assigned a time and date to be recorded.  The user will need to setup event tracking within the analytics measurement service, indicating the specific event that the user would like to track.  For example, these “events” can include newsletters signups, blog comments, or rewards program registrations.  Similar to the entry page metric previously discussed, event can also be used to track specific campaigns.  For example, if a campaign was set to encourage rewards program signups, event tracking could be setup to count the number of successful events.  This tracking along with other metrics such as entry page (if a specific page was setup) or referrer (tracking the referring link) could indicate the success of such a campaign. 

Other ideas for event tracking include:
1.      External links
2.      Downloads
3.      Time spent watching videos
4.      Social media buttons
5.      Widget usage

Any element that your visitors interact with can be tracked with events (4 Google Analytics Goal Types That Are Critical To Your ... , 2012).

The event metric can be used as, “transactional triggers and is intended to reveal the status of "live" business process, (Bielski 2007) following the step by step of the visitor in the event process.  An example of this would be event tracking to find if a visitor has read an article.  As Virgillito outlines, this is not a simple event setup and done.  Each action that would indicate the visitor is reading or has read the article would call for its own event with related tracking setup. 

As seen in the above Google Analytics examined by Virgillito, each step has been assigned as an event:

·         ArticleLoaded – tracking a viewed page
·         StartReading – tracking reading of a page
·         ContentBottom – tracking finishing reading a page
·         PageBottom – tracking reaching the bottom of the page

As the viewer completes each event, it is indicated in the tracking.  At the end, only 15 finished the article of the 26 that started reading the piece.  A lower completion rate could indicate that the article is not as popular while the opposite could be said for higher completion rate.  Event can indicate what content should be placed on a webpage.  An engaging video on a webpage could be tracked in a similar fashion with events tracking the start and finish of the video and the time that it actual takes the viewer to get from one of those points to another. 

Events have a specific date and time detailed and these timestamps can indicate how long it takes the visitor to complete the action.  Events could even be setup within a registration or questionnaire.  In examining the timestamps and any patterns, difficult or confusing questions could be indicated.  Events can also be related to conversions to understand how many started conversions are actually successful.  If an event was setup at the start of an e-commerce transaction and looked at in comparison to the conversion rate, this could indicate trouble that a visitor might be having in completing the transaction.

Event is a tricky metric in that the benefits of setting up and examining it are not out rightly obvious.  In taking some time and thought, event can be a helpful metric in many instances. 


References:
4 Google Analytics Goal Types That Are Critical To Your ... (2012). Retrieved October 24, 2016, from https://blog.kissmetrics.com/critical-goal-types/ ..

Bielski, L. (October 01, 2007). KPI: Your metrics should tell a story. American Bankers Association. Aba Banking Journal, 99, 10, 66-68.

Virgillito, D. (2016). How to Track User Engagement with Google Analytics ... Retrieved October 24, 2016, from https://www.elegantthemes.com/blog/tips-tricks/how-to-track-user-engagement-with-google-analytics

Website Analytic Formulas – KPI’s - Contractor Gorilla. (2013). Retrieved October 24, 2016, from http://contractorgorilla.com/website-analytic-formulas-kpis/

The Misunderstood Web Metric

In the world of web metrics, one that is commonly misunderstood is the metric of entry page.  Even in the research done for this post, many sources confuse this metric based on its name.  Entry page is literally the page where a visitor enters the website, as the name indicates.  However, many confuse this metric with the landing page, which is the first page of a website.  The entry can be the landing page, but it is not just limited to the page that is supposed to be the first page visitors see.  Initially, this metric does not seem as important as some of the other, more obvious metrics.  However, it is a great indicator on its own as well as providing information for calculations. 

First and foremost, the entry page metric will help to, “quickly figure out if visitor behavior is differing from the patterns you expected or intended,” (Bager, 2016) which can be a negative or a positive.  The entry page can be bringing visitors into what is most searched, perhaps a specific product’s page.  This metric can indicate that perhaps this product should be featured more prominently or at the very least, direct visitors back to the main page in some way if that is the preferred path.  On the negative side, if the entry page is not as clean or branded as the landing page, viewers may be seeing a poor representation of a company.  This is why it is important to monitor all pages so that they have a smooth cohesive look and are all up to date. 

Looking at entry page in conjunction with bounce rate could indicate if users are coming to the page and finding what they are looking to find.  If a specific page is often the entry page and has a high bounce rate, perhaps users are being incorrectly directed to this page.  Browse rate is another indicator that is impacted by entry page in conjunction with how many pages are browsed.  If entry page was a suitable first page for visitors, the browse rate would be able to indicate the effectiveness that, “pages are at pulling people into the website” (Fishkin, 2006). 

Entry pages can also indicate the success rate of a specific campaign.  For example, Kate Spade is having a surprise sale and sent out email invites.  Based on the number of visitors using that surprise sale specific link (surprise.katespade.com) as their entry page, could be an indication of the success of the email campaign.  Another underrated metric, event could pair with this metric to provide a call to action for the specific campaign (more on this metric later). 

The entry to exit ratio could also be examined to understand how often visitors enter, browse, and then exit.  Similar to bounce rate, one could look at the entry page and see how often it is the start of a multi-page visit.  It would be worthwhile to look at this in more detail, deciding if that action is what is wanted of that entry page.  Does it perhaps lead to a desired conversion? 

Entry page is an often overlooked and confusing metric.  When it is understood to be the first page that a visitor encounters, landing page or not, it gains importance in reporting indicators.  As “each piece of a Web site has a particular function and that its effectiveness in this function can be measured by using statistics that are highly tailored to its role” (Angel, 2006), lesser metrics like entry page gain importance in reporting.  By using the entry page metric on its own and in combination with other metrics, visitor behavior can be further analyzed.   

References: 
Angel, G. (2006). A better recipe for Web measurement. B to B, 91, 11, 11. Retrieved October 24, 2016, from http://search.ebscohost.com.www.libproxy.wvu.edu/login.aspx?direct=true&db=bsh&AN=24718033&site=ehost-live

Bager, I. (2016). How are people entering my site and why does it matter? Retrieved October 24, 2016, from https://siteimprove.com/blog/website-entry-pages/

Fishkin, R. (2006). Tracking Browse Rate - A Cool Stickiness Metric - Moz. Retrieved October 24, 2016, from https://moz.com/blog/tracking-browse-rate-a-cool-stickiness-metric