How to Create a Holistic Social Media Content & Ads Strategy That Delivers Results in 2019. Everyone is talking about social media. How do you differentiate yourself? How do you create a social media strategy that not only attracts new customers but helps you increase lifetime value? You could be either better (optimize existing channels) or different (find new opportunities). In this master class, we will be going through a process on how to approach social media to be able to sustain results over the long-term, from strategy to tactics, in order to differentiate yourself from your competition.
26. Point A (Now)
● Company Details
● Customer Profile
● Marketing
● Product details
● Customer Journey
Point A
● Company: Allbirds, Revenue: $80M/year.
● Marketing: Volume = 840k, CPA = $25, LCV
= $250
● Product: Environmental friendly, comfortable,
simple.
● Customer Profile: 18 - 40 M/F, Urban,
London.
● Customer Journey: 50% Word of mouth, 25%
SEO → Social → Website, 10% IG
Influencers → Website, 15% other.
27. Point B (Goal)
● Goals
● KPI's
Point B
● Goal: Increase revenue to $100M in 2020
(25% YoY)
○ KPI 1: CPA = $25
○ KPI 2: LCV = $350 (40% YoY)
○ KPI 3: Volume: 1.05M (25% YoY)
28.
29. Strategy
● Milestone 1: Social Media Advertising Strategy to increase LCV
○ Hypothesis 1: If we show personalized ads to our existing clients
when they have a birthday coming, we will acquire new orders at
$10 CPA (increasing LCV by 25% if scaled)
○ Hypothesis 2: If we do an ad asking our existing customers their
experience with our product, we will acquire new orders at $15
CPA (increasing LCV by 15% if scaled).
(Hypothesis - Examples)
34. Strategy
Hypothesis -
Variables
Channel - Facebook, Instagram, etc
Ad level - Creative
- Message
- Alignment with the platform's context
- Format (Video, Text, Article, etc)
- Length
- Time of day
Ad Set Level - Audience & Targeting
Ad Set Level - Budget & Schedule
Ad Set Level - Placement
Campaign Level - Campaign Objective
Ad Set Level - Placement
Ad Set Level - Optimization & Tracking
Economical variables
Political variables
Social variables (events, holidays, etc)
Legal variables
Micro-level Macro-level
39. Analysis
● Hypothesis 1: If we show personalized ads to our existing clients when
they have a birthday coming, we will acquire new orders at $10 CPA
(increasing LCV by 25% if scaled).
○ Results: $12 CPA. (Good). Add to Best Practices
● Hypothesis 2: If we do an ad asking our existing customers their
experience with our product, we will acquire new orders at $15 CPA
(increasing LCV by 15% if scaled).
○ Results: $118 CPA (Bad). Add to Archive
(Hypothesis - Examples)