Social media advertising, especially on Facebook, has moved up significantly as a favored acquisition tool of retailers, according to the recent State of Retailing Online 2015 survey conducted by Shop.org, Forrester Research Inc. and Bizrate Insights. Per a recent story by Multichannel Merchant, the survey found that 25% of retailers now cite Facebook as a top acquisition platform, although paid search and e-mail marketing still top their list of most effective channels. Among the paid social media tools, 50% of retailers said they are spending more this year than last year on paid Facebook options such as promoted posts and paid ads. YouTube came in second place among paid social choices, with 29% of retailers saying they will spend more on paid YouTube promotion, followed by Pinterest with 27% planning an increase, Twitter 22%, Instagram 20% and Snapchat 6%. For more from the survey, including trends in online marketplaces, search engine marketing and online site merchandising, see http://multichannelmerchant.com/marketing/facebook-is-the-top-acquisition-platform-for-retailers-22072015/
David Kanter, President and CEO of AccuList, is a list brokerage and direct marketing expert. For more than 30 years, he has helped companies and nonprofit organizations achieve their marketing goals. With David's Direct Marketing Forum, he shares, and invites others to share, helpful direct-marketing industry news, trends, analyses, resources, and tips for success. Please read our Comment Policy.
Thursday, August 20, 2015
Tuesday, August 18, 2015
Marketers Pick E-mail for ROI, Mail for Response
Articles proliferate about social and online strategies, but the old standbys of direct mail, e-mail and even phone solicitation turn out to be the channels that shine when it comes to what matters: measurable results in terms of response rates, conversion rates, and return on investment. The Direct Marketing Association 2015 Response Rate Report vindicates marketers' continued faith in older, proven channels. Based on a survey of 485 marketers, the report shows that e-mail may have one of the lowest response rates among channels but still leads in ROI, with campaigns conducted with house lists achieving an average 30% to 32% ROI, and those using prospect lists achieving 15% to 17%. Direct mail continues to outperform all digital media in terms of response rates, with house list campaigns generating 3.73% response and an average 18% to 20% ROI. Social media, by comparison, had average click-through rates (CTRs) of 2.1% to 2.5% and 15% to 17% ROI. But social is still ahead of online display ads with CTRs of 1.1% and 1.5%. Meanwhile, phone calls win the highest response rate of 9% to 10%. For a survey synopsis, and a link to download the full report, see the Direct Marketing News article: http://www.dmnews.com/direct-line-blog/email-and-phone-uber-alles/article/406874/
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