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Archive for August, 2010

The Cost of an Action

Tuesday, August 31st, 2010

This is part of a series of articles about how Fight is approaching using some free advertising. It all kicks off here.

When we work on campaigns for clients, our aim is to understand one thing in particular: how much did it cost to get a desired outcome from the campaign? That is, how much did it cost to get a sign-up, a purchase, or the like. This is true even if the primary goal is to create awareness about something, or to create a shift in some key brand perception metric.

Knowing how much it cost you to achieve a goal allows you to compare various ways of getting to that goal to see what the most efficient way to achieve it is.

With that in mind, let’s explore how the Naked Campaign worked for us.

One of the things that we were interested in knowing for this campaign, was how much it cost to get a targeted person to our site. Here’s how that broke down:
“Spend”
Google (after filtering click fraud): $53.22
LinkedIn: $199.24

Site Visits
Google: 30
LinkedIn: 14

Bounce Rate (% of visits that saw just one page; we don’t count these people as interested for our purposes)
Google: 96.67%
LinkedIn: 92.86%

“Engaged” Visits
Google: 1
LinkedIn: 1

Cost per Engaged Visit (Cost/Engaged Visits)
Google: $53.22
LinkedIn: $199.24

As you can see, ultimately there was not enough “engaged” traffic for us to get a solid sense of how much it would cost for each engaged visitor that came through each of these sites.

If there had been enough traffic to have solid numbers, then clearly Google would be the better candidate for further investment. We could also have used these numbers to establish a success threshold for other acquisition campaigns. We know it cost us $53 to get an engaged visit to the site. All other things equal, activities that had a higher cost per engaged visitor would not warrant further investment.

Some Questions about the Meaning of OldSpice

Monday, August 30th, 2010

The Portland Ad Federation had an event with Dean McBeth from Wieden+Kennedy to talk about the Old Spice campaign. I wasn’t able to attend, but it did motivate me to do a little analysis of a project I’ve been working on for about a month.

Ever since July 22nd, about the time the Old Spice campaign ended, I’ve been tracking their twitter stats. How many people they follow, how many people follow them, tweets, and so on. Why track this? I’m not really sure other than that I found the campaigns transition from T.V. to the web unique and I wanted to see what the tail looked like. While I think things like ROI are critical, without continuous access to sales numbers all the industry talk about the role this campaign played in that regard is really just blog fodder. It’s fun, but sort of pointless. What really interested me was the nature of the campaign – how it existed in the context of contemporary advertising.

I’m not an analyst of any sort, and until I heard about Dean’s presentation, I hadn’t done anything other than keep a daily (or nearly daily) tally of a handful of numbers. Hearing about the PAF event though, I decided to dump them into a spreadsheet and see what, if anything, was there. Here’s what I got:

From 07.23.2010 through 08.29.2010 the Old Spice Twitter account looked like this
They followed 719 people
They had 116,848 people following them
They were on 3,669 lists
They tweeted 1859 times
Note: that tweet number is slightly odd though because on 08.26 they had 1909 tweets.

If you’re curious what that looks like – here you go:

Interesting.

Much of the conventional wisdom around brands on the web these days centers on the notions of communication and reciprocity. The idea here is that if a brand wants to be successful within the context of the “social web” they’ll need to act a lot more like people and a lot less like companies. But looking at the Old Spice campaign – I have to question some of that.

It’s worth noting that the Old Spice account follows back less 1% of the people that followed them. Also, their rate of communication is about .8 tweets per day. At the same they have about 1% daily increase in followers – about 1,000 per day. Basically – @oldspice was looking a lot like a celebrity account: lots of followers, very little following. This had me wondering if people were following Old Spice the brand, or Isaiah Mustafa, the spokesman? Further confusing the issue though is that unlike those accounts, there isn’t much human connection coming through the account. It’s mostly humorous non-sequitors, and even then, there’s not much of that being produced.

In fact – nearly the entire catalog of bi-directional communication, supposedly the point of brands in the social space, happened in a very short window right before the end of the campaign. This was the time when Wieden was staged their famous video twitter responses.

And here is where I get to the confusing nature of this campaign. For a campaign that’s been regarded as the best social media campaign of the year, and even the best web campaign of the year – it doesn’t look a lot like what we’ve assumed social media and the web look like: It’s not interactive, it’s not communicative, and the one technical boundary it pushed – the video twitter responses – was a boundary of traditional media, not digital. To the extent that there was engagement at all, it was limited to the terms of the brand: they choose a tiny fraction of the communication directed at them to respond to, and then retained absolute control over the tone and length of the “conversation.”

In the end, this all sounds a lot like a different medium: T.V.

Now, it seems like lately, “T.V.” or “broadcast” has become a sort of dirty word in digitally minded circles, but that’s not at all how I mean it here. But everything I’ve written to this point raised a big question for me: was the Old Spice campaign one of the best social media/web/interactive campaigns ever, or, was it actually the perfect example of what a post-web T.V./broadcast/traditional campaign should be?

If it’s the former, than I think we in this industry need to reexamine our canon of what makes great digital advertising – because we seem to have gotten a lot wrong.

If it’s the later, than I wonder if this isn’t an accidental (or intentional?) example of just how effective the internet and the web have been in totally blurring the lines where content lives and instead leaving us to focus entirely on the nature of the content – in this case, traditional “lean-back” content using Twitter as a distribution channel.

this article was originally published on thisisviolence.net

The Naked Numbers

Tuesday, August 3rd, 2010

This is part of a series of articles about how Fight is approaching using some free advertising. It all kicks off here.

The advertising portion of the Naked Campaign has now drawn to a close.

We divide the execution of a project (versus the strategizing portion) into 5 stages: Execution Planning, Running the Project, Analysis, and Adjustment.

Since we’ve finished running the project, it’s time for some analysis. Here’s a quick it on the base metrics that we were tracking, with more to follow.

Unfortunately, we ultimately had to throw out all of the Google AdWords data from before 20th as it looks like the click fraud that we were experiencing went all the way back to the beginning of the campaign :( So here’s the adjusted data starting at the 9th of July for LinkedIn’s DirectAds, and the 20th for Google’s AdWords:

DirectAds Spend: $199.24
DirectAds Impressions: 104,229
DirectAds Clicks: 38 (0.036% Click Rate)

AdWords Impressions: 116,092
AdWords Clicks: 78 (0.067% Click Rate)

Twitter Followers (current, all types): 295 (+14% since start)
RSS Followers (7 day avg): 15 (-17%)
Unique Visitors (30 days): 547 (+2.4%)
Comments (campaign, total): 0

I’ll do a deeper dive into the numbers over the next few days, and then we’ll go into the Adjustment stage and see what this all means for Fight moving forward.