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Social Media’s Next Big Shift: From Shoppable to Buyable

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Social Media’s Next Big Shift: From Shoppable to Buyable

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Originally presented by Kieley Taylor (Head of Social, Catalyst) at WPP's Checkout Event in February 2017, this presentation addresses social media's shift from shoppable to buyable, including strategies for driving business results through social programs.

Originally presented by Kieley Taylor (Head of Social, Catalyst) at WPP's Checkout Event in February 2017, this presentation addresses social media's shift from shoppable to buyable, including strategies for driving business results through social programs.

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Social Media’s Next Big Shift: From Shoppable to Buyable

  1. 1. Kieley Taylor Partner, Head of Social Catalyst | GroupM
  2. 2. Social Media’s Next Big Shift: From Shoppable to Buyable
  3. 3. Today’s Consumers are “On Demanding” Customers have unprecedented choice and power. WHAT they want, HOW they want, WHEN they want!
  4. 4. I am “On Demanding”
  5. 5. What They Want: Customized & Curated
  6. 6. What They Want: Visual Search
  7. 7. How They Want: Voice
  8. 8. How They Want: Messaging
  9. 9. How They Want: Immersive 360 video Live video 360 photo Virtual reality
  10. 10. When They Want: Brick & Mortar Fitting rooming Show rooming In Store Shopping swag
  11. 11. When They Want: E-comm/ Mobile Commerce E-comm M-comm Reviews Ratings
  12. 12. When They Want: Convenient Commerce Lazy Commerce?On DemandSubscription/ Recurring
  13. 13. Shoppable  Buyable Spectrum Shoppable Buyable ON.COM OFF.COM UserExperience Video w/ interaction built within Buying occurs on .com domain Buying occurs off .com domain
  14. 14. A Universal Cart and Centralized View of the Customer is Needed When deployed will create a seam-less off domain (buyable) shopping experience STABALIZE CART Universal cart functionality ENABLE OFF DOMAIN COMMERCE Commerce integrations (Apple Pay, proprietary processing built-out) ENCRYPTED DATA Data passing enablement (Stripe) AUTOMATED FEEDS Data passing enablement (Stripe) TEST OPERATIONS Move to beta LAUNCH 1 PARTNER LIVE functionality with Buyable Partner NOW
  15. 15. When choice is in the customers control, how do we adapt?
  16. 16. Shift from Content First to Audience First Objectives Audiences Actions Content Distribute Measure
  17. 17. Audience B Audience D Audience E Audience C Audience G Audience B Audience A Audience C Content A Content C Content B Audience A Audience C Audience B Objective Content A D E F Objective Content B D G Objective Content A B C Content Development Shift From: Content Lead To: Audience Lead
  18. 18. Football Interest: A13-34 Drive positive sentiment via NFL sponsorship Content Drive increased sales in store ContentCore: Category Buyer A13-34 Content Plan Example Drive awareness and trial Content Launch: M25-49
  19. 19. Football Interest: A13-34 Drive positive sentiment via NFL sponsorship Content Drive increased sales in store Content Core: Category Buyer A13-34 Adaptive Content Plan Example Drive awareness and trial Content Launch: M25-49 Drive coupon download Content Drive .com sales Content Buy button sale Buy Now Cross sell Content EngagedwithAd Re-target Low Margin
  20. 20. General Best Practices • Approach the campaign using Audience First framework • Assume they haven’t seen every ad and won’t see the next ad or put another way make this impression count • If you were to measure message association what would be the key theme? • If using video, it must be built for the platform - Assume only 2 seconds is viewed…will it be worth it?
  21. 21. Best Practices
  22. 22. Creative Best Practices • Test multiple copy/image variations to allow for deeper learnings and insights, and stronger optimizations • Best practice is 4x different creative variations per week - Use variations of branded imagery vs. product shots to identify the top performer • Keep copy short and concise and use 1 CTA to incite an immediate purchase (buy now, shop now) • Cater messaging to specific target segments to make creative more relevant
  23. 23. • Data we can track: Sales revenue, sale volume across Mobile and Desktop, post click and post impression actions • Gap: Cross device tracking with vendor pixels but no de-duplication across platforms • Will need to use media analytics as proxy for cross site attribution directionally from desktop performance and overlap Recommended Tracking Approach Tracking Tool Action Note Step 1 Vendor Pixel Place Vendor pixels on site Sync post impression and post click windows between Vendor and Media tracking Step 2 Site Analytics Append tracking parameter to URL Reported numbers from 2 and 3 will not match due to methodology differences Step 3 Media Analytics Use URL from above for media trafficking Custom URL shortener can be used for visual consistency of tracked posts
  24. 24. Fundamental assessment includes:  Audience fit  Ability to target delivery sufficiently  Value if there is a price premium  3rd party delivery verification  Viewability standards  Perceived advantage to first mover  Asset requirement  Purchase programmatically or manually  Potential to “test and learn” with influencer program v. site direct buy  Long term scale potential  Budget availability  Partnership with 3rd party measurement tools to validate platform success (ex. Nielsen, DLX)  Fair and just contract terms  Rights to any developed content  Identify if the opportunity differentiated  Ability to integrate with data spine Emerging Partner & Platform Assessment
  25. 25. Social for Retail
  26. 26. Facebook & Instagram
  27. 27. Facebook: Online and In Store Offer Ads Offer ads for store discounts & promotions Offer ads for online discounts & promotions
  28. 28. Facebook: Canvas Immersive “choose your own adventure” format • Best for education, multiple use cases, finding qualified interest
  29. 29. Facebook: Dynamic Ads for Retail This is the holy grail for brands that own the POS • Dynamically updated inventory based on location • Proximity based store locator in carousel • Calls to action, maps, and text are always based on the business location nearest the person served the ad
  30. 30. Facebook: Business Location Based Targeting Radius-Based Targeting Specify the targeting radius around all your locations, or choose a different radius for each – best if locations are far apart Area Targeting Target an entire city or region. The ad will always show the closest location – best if there are dense areas of locations in one area
  31. 31. Instagram: Dynamic Ads • Help you promote relevant products to shoppers who have browsed your website. • Import you entire product catalog to Instagram (via Facebook), and automatically promote any of your products without having to create thousands of ads.
  32. 32. Instagram: Call to Action Update Buying Objective Website Conversions Website Clicks Product Catalog Sales Calls to action Shop Now Book Now Learn More Sign Up Download Watch Now Contact Us Apply Now Shop Now Book Now Learn More Sign Up Download Watch Now Contact Us Apply Now Book Now Download Learn More Open Link Shop Now Sign Up
  33. 33. Instagram: Shoppable Posts Currently in Beta, Organic distribution only (for now)
  34. 34. Instagram: Ads in Stories (Coming Soon) • Will launch ads as interstitials between user stories (like Snap ads) • Once objectives beyond reach are rolled out you could theoretically drive to site or serve a shoppable ad
  35. 35. Facebook: Offline Conversion API (Beta) Multiple Integration Points: • Point of Sale • CRM Data • Direct upload Real time reporting on sales from: • Store sales • Call Centers • Deferred Payments Securely encrypted, hashed data transfer Custom Audiences Lift Tools Atlas
  36. 36. Facebook: Store Visit Measurement Methodology (Beta) Store VisitsExtrapolation Polling Business Location Boundaries People with Location Services Enabled
  37. 37. Pinterest
  38. 38. Pinterest: Standard Pins Capture attention in the Home feed with visually inspiring creative Drive action through helpful, engaging content that drives to client website Optimize toward multiple different actions to meet your campaign goals (CPC, CPE, CPM)
  39. 39. Pinterest: Rich Pins Make your Pins more useful by adding additional information into the Pin itself Six types of Rich Pins: app, movie, recipe, article, product and place Easy implementation by either integrating the product feed into Pinterest or implementing meta data on website Bid/Optimize towards either a Cost Per Website Click (CPC) or CPE
  40. 40. Pinterest: Organic Opportunities Shop The Look Shoppable image that allows products to be purchased directly from an image Pinterest Lens Ability for users to discover ideas through their mobile camera
  41. 41. Pinterest: Creative Checklist Ensure that pins are: • Optimized for mobile • Engaging • Contain Detailed Descriptions • Include Tasteful Branding • Fulfill Novelty Pins are ideas. Make sure all of the pin creative is…  Helpful People come to Pinterest to discover new ideas to improve their lives. Be helpful to them by offering tips, advice or instructions in addition to showcasing a product.  Beautiful Pinterest is a visual platform, with 75% of content coming from businesses. Ensure your Pin images are professionally shot to fit in with the platform.  Actionable The ideas that people find on Pinterest are intended to be done in real life. Make it easy for someone to take action on your brand's idea.
  42. 42. Twitter
  43. 43. Twitter: Website Cards Drive traffic to owned sites, whether through a Website Card (more clickable) or through a Photo Tweet with a link (more visual) Best Practices • Highlight Your Offer • Avoid Using Hashtags • Convey a Sense of Urgency • 80-100 Characters is the Sweet Spot • Use the Second Person (“you” or “your”) Website Card Photo with Link
  44. 44. Snap
  45. 45. Snap: 3Vi Ads Drive more ways to engage like site traffic using Snap ad attachments
  46. 46. Snap: National Filters
  47. 47. Snap: Geo-filters
  48. 48. 617-663-1247 | www.CatalystDigital.com © 2017 Catalyst | All Rights Reserved Kieley Taylor Partner, Head of Social THANK YOU!

Hinweis der Redaktion

  • Story about how I travel, how when I travel it ends up being very early or very late, and how the very last thing I want to deal with is small talk at the check in counter. I was so pleasantly surprised when I got to my hotel in Vegas for CES.
    Why?
    Because there was a self serve kiosk. It was CES and I didn’t have to wait in a line, I didn’t have to tell the front desk I was from NY…yes it is colder than Vegas there…yes it’s been a long day…yes I’ve stayed at this property…thanks for acknowledging my status with you…no I don’t have any questions… yes card on file…2 keys please.

    Instead I scanned my ID and my credit card and 2 keys and a print out of directions to the guest elevators spit out of the machine.

    I have flown over half a million miles, visited countless hotels. The amount my inner introvert relished getting to my room sans small talk was, for me, amazing.
  • I don’t get this sie
  • I don’t get this sie
  • {Pilot partner checklist}
  • Highlight Your Offer
    Tweets that highlight a specific “offer” have a 67% lower CPI and a 40% higher ACR
    Convey a Sense of Urgency
    Tweets that use urgency words have a 36% lower CPI and a 9% higher CVR

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