Social media presence across various platforms is valuable for every brand. Each social network has its own unique benefits and opportunities and should be treated independently. What works on Facebook might not work on LinkedIn or Twitter, and vice versa. The most innovative and effective brands leverage a mix of social platforms to achieve their objectives. The main objectives for social advertising typically include driving visibility and leads while generating engagement.
In a lead generating social campaign, there are two essential metrics:
(1) Number of people who clicked and interacted with the ad
(2) Number of people who generated leads; conversion rate
Cost-Per-Engagement (CPE) Metric: This metric is the average cost per user engagement. “Engagements” include clicks on media (videos, Vines, GIFs, images, etc.), comments, likes, views shares, etc.
Cost-Per-Lead (CPL) Metric: This metric is the average cost per lead generated. “Leads” may include filling out a form, making a phone call, etc.
Social Platform Effectiveness
In working to deliver a profitable return on investment, it is important to look at the effectiveness and targeting features of each social platform.
Twitter allows advertisers to target specific groups of people (e.g. similar to your follower base, etc.) It has the ability to reach 700 million consumers and allow brands to target consumers based on who they follow, their location, gender, language and interests. Additionally, brands can leverage key features that are not available through other platforms:
Keyword targeting: allows brands to connect with users based on their recent searches within the platform
Tailored audiences: brands have the opportunity to target custom groups of users
Device targeting: brands can target consumers based on the device they use to access to Twitter
Handle targeting: brands can target users based on who they follow
Like Twitter, Facebook allows targeting audiences based on location, language, age and other common demographics. Facebook has the ability to target nearly one billion daily users based on their various interests. For example, those who love camping or people who own a truck (or both). Additionally, Facebook allows brands to leverage features that other platforms don’t currently offer:
Partner targeting: allows brands to reach consumers based on offline behaviors
Targeting connections: gives brands the opportunity to target consumers who like their page, and “friends” of those who like the branded page
Lookalike audiences: allows brands to find consumers who are similar to their current (and best) customers.