How to Use Paid Social Media to Increase Holiday Sales
The holiday shopping season is upon us and many retailers hoping to reach shoppers online will put paid social media at the center of their marketing efforts this season. The result, no doubt, will be a very crowded social space.
Although certain days are more critical than others, more familiarly Black Friday and Cyber Monday, brands with the most social success this season will create a lasting customer experience throughout the entire six-week period.
In order to achieve this while keeping costs down, lock in your prices by booking “non-holiday” days early. Not only will these prices be considerably lower, but they will also provide you with the necessary scale needed to stay relevant before, during and beyond Black Friday and Cyber Monday.
Engagement on social is 32% higher on the weekends, according to ExactTarget. Look to heavy up during “cheaper” non-holiday time periods and Sundays to achieve maximum value from minimum means.
Fifty percent of consumers access Facebook in-store while shopping, and of those, 28% are in search for an immediate deal or offer, per a Millward Brown Digital and Firefly Millward Brown study. Take advantage of this elevated mobile usage during the holiday season by driving in-store conversions with relevant marketing messages in real-time. To do this, maximize Facebook’s reach capabilities with short bursts of high reach activity the day before and day of heaviest holiday shopping. Then, once you’ve built awareness about your promotion, use Twitter targeting capabilities to continue the conversations you started on Facebook with Twitter users who are actively shopping.
Instead of sending out just one message to your entire audience, experiment with creating different executions for different segments. This approach will allow you to target custom audiences based on interests, preferences, and behavior and ultimately deliver more conversion. Here are a few popular specific segmenting groups.
Grouping individuals based on the way they react to, understand, or use a particular product, is one of the most fundamental lessons that every marketer learns. Data like channel preferences, benefits sought, usage patterns – all of this will help you shape the ideal customer profile based on actual consumer interest. It will also help you snag customers and market share directly from competitors. Using third party data (i.e., DLX data) brands can target consumers with exclusive promotions who have a history of buying competitor products.
Using Twitter’s Remarketing Pixel and Facebook’s Website Conversion Audience pixel, brands can re-target consumer who have previously visited a retailer’s website, increasing their chances of converting buyers further down the funnel. The same can be said for segmenting individuals based on email campaign activity. For example, brands can segment individuals based on things like whether a subscriber opened or clicked in a particular email campaign.
Ecommerce Purchase Activity
Segmenting individuals based on ecommerce activity is one of the most effective ways to send more targeted communications. There is nothing more powerful and revealing than first party retailer-based shopping data. Connexity just proved that in a recent test. Using this data, brands can improve their offerings and services to existing customers, as well as re-activate lapsed customers with incentive and promotions.
Using social media to generate awareness and excitement during the holiday season is universally considered to be an effective way to boost sales, especially when brands can reach shoppers while they are in an acquisitive mindset. The right message at the right time will yield the right increase in sales.