Social Media Advertising and Influencer Marketing Flashcards
According to Zenith, social media ad spend will grow
25% to reach $137 billion.
Global ad spend is estimated to reach
$669 billion in 2021
Zenith attributes the growth to the recovery in ad spend along with
the move of audiences over to digital channels.
Social media advertising is
any form of digital advertising that use social media sites and apps, and involves advertisers paying for ad placement
a shift from online social media sites to mobile
social media apps
Largest types of internet advertising:
Paid social media
Display
Search
A social engagement ad contains
ad creative (image and text) along with an option to encourage the viewer to engage with the brand.
A social context ad includes
ad creative, an engagement device, and personalized referral content from people in the viewer’s network.
Native advertising is
a form of paid media where the ad experience follows the natural format and function of the user experience in which it is placed.
Features of Native Advertising
- In-stream delivery
- “disguised” as organic content
- Less obtrusive
- Examples: sponsored social media posts and
promoted search results
FTC Regulation
A clear and prominent disclosure must be provided, for example, using labels such as “advertising, sponsored, brought to you by”, and so on
FTC Research explores consumer recognition of paid search advertising and “native advertising”.
The results suggest that using some commonsense disclosure techniques can greatly increase the likelihood that these ads are recognizable as ads to consumers.
Social Media Advertising Benefits
Extended reach and endorsement
Primary consumer exposed to the ad may also
share the ad with other consumers on a social
media site
The shared ad will be perceived to be an
endorsement
Such implicit endorsement has been shown to
increase click-throughs
High precision in targeting
Micro-targeting
Effectiveness
Facebook ads have eight to nine times click-
through rates, compared to other display ads
Promoted Tweets have been shown to deliver higher
engagement rates than display ads
Social Media Advertising Disadvantages
Dominant players set the rules
Conversion:
Targeting on social media sites is based on user
interests that are loosely related to the likelihood
of a user being interested in your product or
service, unlike the case with search ads
Speed of turnover
Key Decisions
Which channel?
How do you get people to pay attention to the ad?
How much should you pay for boosting reach?
“call to action” hashtag to integrate
TV commercial with social media marketing