moontoast 6 bestpractices on how to deal with social media
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6 BEST PRACTICES TO GET THE MOST FROM YOUR FACEBOOK PRESENCE
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www.moontoast.com 2012
TO GET THE MOST FROM YOUR FACEBOOK PRESENCE
6 BEST PRACTICES
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INTRODUCTION
The social engagement potential of social media and Facebook
According to a recent report by the Mckinsey Global Institute,The social
economy: Unlocking value and productivity through social technologies, socialplatorms draw 1.5 billion users globally, and Facebook claims 64% o them. With
such a large user base - in the U.S. alone, 51% o the population uses Facebook
- companies cannot ignore the massive opportunity Facebook presents or
nding and engaging the new social customer. Not only does Facebook provide
businesses with the opportunity to connect with consumers, but consumers
expect this connection.
Regardless o whether your brand is business-to-consumer (B2C) or business-
to-business (B2B), all companies can utilize social media to their advantage, and
as Facebook represents the largest social network with 955 million active users,
this white paper will detail six best practices to make the most o your brands
Facebook presence. These best practices include:
1. Follow a new fan engagement framework
2. Engage in Social Activation
3. Conduct multiple, frequently promoted campaigns
4. OfferFacebookexclusivesthatfanswontndelsewhere
5. Enable social endorsement6. Measure results and adjust as needed (with a focus on Return on Fan)
Following these best practices will help your brand achieve positive results in
the estimated $1 trillion social media market.
TABLE OFCONTENTS
INTRODUCTION
BEST PRACTICE #1
BEST PRACTICE #2
BEST PRACTICE #3
BEST PRACTICE #4
BEST PRACTICE #5
BEST PRACTICE #6
CONCLUSION
ABOUT MOONTOAST 16
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1
http://moontoast.com/http://www.moontoast.com/http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.socialbakers.com/facebook-statistics/united-stateshttp://www.socialbakers.com/facebook-statistics/united-stateshttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.socialbakers.com/facebook-statistics/united-stateshttp://www.socialbakers.com/facebook-statistics/united-stateshttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.moontoast.com/ -
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INTRODUCTION
2
The need for a new way to capture social marketing ROI in Facebook
Most fans followbrands for games,contests, andpromotions. Despitethe potential forsocial engagementcommerce, marketersstillndFacebook
ROI elusive.
According to recent data rom Alexa, Facebookis currently the second most popular website
in the world. Individual visits to Facebook last
an average o 24 minutes, with almost a minute
spent on each page view.
These acts position Facebook as the perect
venue or interaction between brands and their
customers. McKinsey predicts that companies
that rely on consumer insights or productdevelopment and marketing, such as those in
the consumer packaged goods industry, can
use social media to create additional value up
to 30% o current spending on these activities.
However, most companies have not yet
perected their technique or maximizing
Facebook returns in terms o both business
ROI and new consumer insights. According
to an eMarketer white paper, only 20% o
marketers believed that social media produced
a quantiable ROI in 2011. One o the major
reasons why brands have not ully tapped into
the Facebook potential is due to the act that
most o them ail to oer ans what they want
rst and oremost rom brands they ollow
a recent Lithium survey points to 65% o
ans connecting with brands on Facebook orgames, contests, and promotions.
The apparent digital divide between potential
returns and actual results on Facebook
indicates the need or a new approach and
measurement o social media success a
ramework that helps brands engage with
Facebook ans, and enables interaction and
transaction on the social and mobile level (ormore on Moontoasts ramework, read this
spotlight on Social Media, Return on Fan).
Social engagement and commerce, dened as
engagement and commerce conducted in the
social space, represents a simple but powerul
premise that lies at the core o generating
ROI through Facebook. McKinsey reports that
1/3rd o consumer spending can be inuenced
through social shopping, highlighting the
untapped potential o social commerce.
Companies spend eort building and engaging
with communities on Facebook, but in order
to benet rom these communities, brands
need to turn community members into active
consumers. To do this, brands can ollow these
six best practices:
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http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.alexa.com/siteinfo/facebook.comhttp://whitepapers.adweek.com/content20457http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.bizjournals.com/nashville/print-edition/2012/05/04/moontoast-nashville-fans-online.html?page=allhttp://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.moontoast.com/http://www.moontoast.com/http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://www.bizjournals.com/nashville/print-edition/2012/05/04/moontoast-nashville-fans-online.html?page=allhttp://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://whitepapers.adweek.com/content20457http://www.alexa.com/siteinfo/facebook.comhttp://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/ -
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Follow a new fan engagement framework
BEST PRACTICE # 1:
In order to succeed and drive ROI on Facebook, companies rst need to ollow a
new method or engaging with ans. This method, called Discovery-Interaction-
Transaction-Endorsement (DITE), combines the community-building value o
customer insights and positive branding with the need to move these customers
through a transactional unnel. DITE takes potential customers through our
distinct steps, driving value at each phase:
NEW FRAMEWORK
1. Enable social discovery
2. Enable social interaction
3. Enable social transaction
4.Enable social endorsement
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ENABLE SOCIAL DISCOVERY
To enable social discovery, your brand needs to meet consumers where they
spend their time online. On Facebook, this means researching demographic
inormation such as what your customers Like or what city or state they live in.
Your brands should then share your content in conversations aligned with your
ollowers interests and passions.
Additional inormation such as whether consumers browse the internet using
laptops, tablets, or mobile will also inuence your method or enabling discov-
ery. In Top Digital Trends or 2012, eMarketer reports that the use o mobile
phones and tablets will continue to rise in 2012, meaning that companies need
to acilitate discovery across multiple platorms and screen sizes; or example,a user browsing Facebook on their smart phone will not see standard Facebook
ads, so that user will only discover your brand through what they see in their
newseed.
4
#1
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ENABLE SOCIAL INTERACTION
Social interactions involve getting customers to click on your content and
ollow your calls to action. To do this, you need to listen to what consumerswant and need, and then cater to those individuals to create proportional
value. A recent Lithium survey ound that 67% o consumers connected
with a brand or exclusive oers, while 65% did so or games, contests, and
promotions. From a CRM standpoint, interacting with customers through
social media is also important or customer retention; Carol Rozwell o
Gartner stated that ailure to respond to customers via social channels can
cause a 15% churn rate.
Creating meaningful interactions
To create meaningul interactions, give consumers what they
want. Run contests, promotions, games, and exclusives to give
consumers a reason to continue interacting with your brand. This
can also include giving the consumer control over events, such
as voting on which avor to create or a snack company or what
design to discount at a clothing store.
As important as creating this content is presenting it, and to do
this, make sure the oer provides a strong call to action, value
proposition, and bold graphics.
#2
Example of an ad that does a good job of
enabling social interaction
http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/http://www.eweek.com/c/a/IT-Management/Social-Media-Expectations-Should-Influence-Businesses-Gartner-609825/http://www.eweek.com/c/a/IT-Management/Social-Media-Expectations-Should-Influence-Businesses-Gartner-609825/http://www.eweek.com/c/a/IT-Management/Social-Media-Expectations-Should-Influence-Businesses-Gartner-609825/http://www.eweek.com/c/a/IT-Management/Social-Media-Expectations-Should-Influence-Businesses-Gartner-609825/http://www.forbes.com/sites/marketshare/2012/01/23/the-wide-divide-between-brands-and-consumers-in-social-media/ -
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ENABLE SOCIAL ENDORSEMENT
Arguably the most important step o the DITE ramework, enabling social
endorsement allows the social sales cycle to propagate itsel. According to
McKinseys recent study, 1/3 o all purchases could be inuenced by social,
creating an enormous potential or companies to successully utilize social
media, and specically, Facebook.
Social endorsements have a potent eect on sales; social analytics company
Spinback claims that each social Share o a product, service, or event, leadsto an average o $2.10 in incremental sales. To leverage ans own network and
marketing abilities, companies should easily enable ans to share with their
social graph.
Adding a large, easily seen Share button ater completing a transaction is a
good way to remind ans to share with their riends, and simply posting a call
to action asking ans to share their transaction will increase their likelihood o
sharing.
#4
$$$
ENABLE SOCIAL TRANSACTION
This third step represents the transition rom enticing customers intoclicking on your content to actually completing some sort o transaction.
Companies in this phase o social media marketing can utilize dierent
transactional methods depending on the end goal, ranging rom obtaining
an email in exchange or a ree download or lead acquisition, to hosting a
ash sale on your Facebook page to close direct sales. The key in the social
transaction phase is the completion o your call to action (CTA), whatever
that CTA may be.
#3
$
SHARE
http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economyhttp://mashable.com/2011/05/12/buddy-media-spinback-acquisition/http://articles.businessinsider.com/2012-03-02/tech/31116055_1_mark-zuckerberg-social-network-site-social-graphhttp://articles.businessinsider.com/2012-03-02/tech/31116055_1_mark-zuckerberg-social-network-site-social-graphhttp://mashable.com/2011/05/12/buddy-media-spinback-acquisition/http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/the_social_economy -
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Social activation
BEST PRACTICE #2:
Facebook has evolved over the past eight years, and or brands, the most recent
wave o Facebook marketing centers around social activation. Following the rst
wave o listening to consumers and the second wave o publishing content, social
activation entails reaching customers on Facebook and eectively engaging
with them. Facebook announced that only 16% o brand posts reach ans o
those brands, and, according to Michael Wu o Lithium, 70% o customers do not
reengage with a an page ater Liking that brand.
To engage with ans on Facebook, brands cannot rely on the traditional disruptive
marketing tactics o pushing customers to brand pages. Instead, companies
need to meet the customer on their own ground in the newseed. Meeting theconsumer with the right oer at the right time means that brands will not only
engage with their current customers, but they will also have the ability to reach
into the social graphs o those customers who eagerly share content they nd
valuable with their own riends and connections.
Whats on your mind?
MEET YOUR
CUSTOMERSIN THE
NEWS FEED
Hi!
http://www.moontoast.com/http://mashable.com/2012/05/24/facebook-post-reach/http://lithosphere.lithium.com/t5/Science-of-Social-blog/Quantifying-Facebook-Engagement-More-than-Just-Counting-Fans-and/ba-p/26022http://lithosphere.lithium.com/t5/Science-of-Social-blog/Quantifying-Facebook-Engagement-More-than-Just-Counting-Fans-and/ba-p/26022http://mashable.com/2012/05/24/facebook-post-reach/http://www.moontoast.com/ -
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Tools to engage in social activation
Companies cannot simply create Facebook
stores with the hope o attracting visitors
to their page. Apps such as Moontoasts
Social Activation Engine, which includes
social marketing and social commerce
applications that allow distribution
anywhere within the Facebook newseed,
play a crucial role in eective social
activation. Using Moontoasts distributedstore, a new consumer packaged goods
brand took just three hours to outsell what
that brands tab stores had sold in the past
year!
Another example o successul social
activation on Facebook comes rom a
recent cause campaign originated by
Hans Zimmer, which included the use o acontextual app or completing a download-
or-donation within the newseed. This
initiative helped over 8,000 people donate
to the Hans Zimmer campaign or the
Aurora victims.
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http://www.moontoast.com/http://www.moontoast.com/social-activation-enginehttp://www.moontoast.com/social-activation-enginehttp://www.moontoast.com/http://www.moontoast.com/http://www.moontoast.com/social-activation-enginehttp://www.moontoast.com/social-activation-engine -
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BEST PRACTICE #3:
Conduct multiple, frequently promoted campaigns
The social space moves very quickly, and social media users enjoy and expect this ast pace. Consider the popularity o live-
tweeting, which is dened by Twitter developers as the practice o engaging on Twitter or a continuous period o timeanywhere rom 20 minutes to a ew hourswith a sequence o ocused Tweets.
While Facebook users measure time in hours rather than minutes, remember that according to a study by analytics company
Edgerank Checker, customers actively engage with the average Facebook post or just three hours. Combined with the act that
only 30% o ans return to brand pages, the data suggests that in order to cater to social users short attention spans, successul
campaigns on Facebook must be promoted every 3-4 hours or a short timespan, usually one to three days.
Successfulashcampaigns
In 24 hours, a consumer goods company used Moontoast apps to host a
ash sale, and the supporting ad campaign experienced over 14x ROI. Even
more telling, one consumer packaged goods company conducted a success-
ul 24-hour ash campaign with Moontoast, and 80% o total sales occurred
in the rst 7 hours. Targeting consumers in the newseed leads to greater
success than attempting to drive them to separate Facebook tabs or a brand-
ed page.
Creating multiple mini-campaigns within an overarching Facebook cam-
paign strategy will allow your company to reap the benets o ash sales and
numerous short bursts o revenue.
By creating a Moontoast-powered
socialstoretosupporttheirashsale,a consumer goods product launch
achieved 14x ROI
FLASHSALE
SOCIAL
STORE
INCREASEROI
+ =
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Offer Facebook exclusives that fans wont find elsewhere
BEST PRACTICE #4:
As we explained in our Direct to Consumer eBook, three out o ve individuals
who Like brands on Facebook do so to receive special deals. Statistically speaking,over 50% o people ollowing your company expect to be rewarded or Liking
your page, so oer them exclusive coupons, sales, or clearance items that they can
only nd on Facebook. Even something as simple as oering an exclusive product
combination can be enough to make Facebook users eel special and generate a
signicant return on their Like. Such an approach in turn increases direct social
sales and, in act, becomes a powerul way to create social marketing campaigns
that are sel-unding.
Lady Antebellum used Moontoasts distributed store to combine best practices #2and #4, driving their largest online sales day on Facebook ever by selling bundle
packages o 8x10 autographed photos with a hoodie and making the sales through
ans newseeds. Speaking about the sale, A Lady Antebellum representative stated:
The Moontoast test we did for Lady Antebellum blew us away. Not only was the
campaign a success from a sales perspective, but it was also a success from a consumer
engagement perspective, with more than 85% of the sales from new customers not part
of our existing email or sales databases.
This deal sold out in one hour targeting an exclusive oer to ans in the Facebooknewseed. That night the hoodie was reintroduced by itsel and sold out in ten
minutes. Adding to the initial inventory, the hoodie continued to sell throughout
that weekend.
Driving social sales
Two key points rom Lady
Antebellums success are that
the oer led to more sales, and
equally important, by putting
their exclusive oer in the
newseed, the sale drew more
new customers, suggesting
that the deal reached a larger,previously untapped audience.
http://www.moontoast.com/ebookshttp://ladyantebellum.com/http://ladyantebellum.com/http://www.moontoast.com/ebooks -
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Enable social endorsement
BEST PRACTICE #5:
Social endorsement plays a pivotal role in the
DITE methodology, and due to its importance,
it warrants its own best practice treatment.
According to Buddy Media ounder Mike
Lazerow, social media inuences 90% o
purchasing decisions, creating an enormous
opportunity or those companies who can
successully channel this inuence. By
creating opportunities or positive mentions
on Facebook, companies like TicketMaster can
earn an average o $6-8 in new ticket sales or
each socially reerred prospect.
HOW TOINCENTIVIZE SOCIAL
ENDORSEMENT
Large, easily visible Share buttons put the
thought o sharing in the customers mind.
When combined with a specic call to action
to share with their riends, ans are more likely
to take part in Facebook reerrals, especially
or group activity purchases like concert or
movie tickets.
For non-group ocused products and services,
urther incentives help convince consumers
o the worth o sharing their purchase.
Promotions may include basic reerral bonuses
or sharing such as:
X% o next order
Free shipping on the current order or
clicking Share at checkout
$X o coupon
Free git or Sharing
More sophisticated incentives may ocus on
perormance-based reerrals, such as:
One ree month o service or every
successul reerral
$X or each customer directly reerred
These reerrals may prove very eective, but be
sure not to get caught up in the excitement o
heavily discounted reerral sales; ater all, yournet revenue still needs to result in a prot!
Social mediainuences90%ofpurchasing decisions
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http://twitter.com/lazerowhttp://twitter.com/lazerowhttp://mashable.com/2011/05/12/buddy-media-spinback-acquisition/http://www.businessinsider.com/the-rise-of-social-commerce-deck-2012-2#-23http://www.moontoast.com/http://www.moontoast.com/http://www.businessinsider.com/the-rise-of-social-commerce-deck-2012-2#-23http://mashable.com/2011/05/12/buddy-media-spinback-acquisition/http://twitter.com/lazerowhttp://twitter.com/lazerow -
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SOCIAL ENDORSEMENT MAY REPLACE TRADITIONAL SALES
Just as Facebook and content marketing have challenged traditional disruptive
marketing, social endorsements will challenge the traditional view o sales. New
mobile service provider Solavei attempts to place customer endorsements at
the core o its marketing and sales strategy, with Solaveis CEO stating We are
going to make a dierence in peoples lives by shiting billions o dollars rom
traditional mass-media advertising into the greatest advertising vehicle today
people.
The mobile provider will oer customers $20/month or every three new
members that they (or someone in their personal network) reer to Solavei. This
creates the potential or customers to earn a recurring monthly income throughacting as salespeople or the mobile company, potentially eliminating the need
or an ofcial sales-orce. Only the ofcial launch o the company in September
will prove whether such a bold social endorsement strategy works in practice,
but i the increased trust people typically put in other customers proves true
in this scenario, Solavei may have the most cost-eective salespeople in the
mobile world.
http://www.virtual-strategy.com/2012/07/26/solavei-introduces-first-social-commerce-network-mobile-services-distributionhttp://www.virtual-strategy.com/2012/07/26/solavei-introduces-first-social-commerce-network-mobile-services-distribution -
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Measure results using Return on Fan
BEST PRACTICE #6:
All o the best practices ound in this white paper will help your brand achieve the
seemingly elusive Facebook ROI. However, without measuring the right things,
you may experience a positive return without ever knowing it.
RETURN ON FAN
(ROF)
With the DITE methodologys ocus on relationships, relevancy, and results,
tracking the process as a whole provides marketers with an important social
media metric: Return on Fan (ROF). Instead o ocusing solely on ROI, which
is contained within the transaction and endorsement phases o DITE, ROF
accounts or all our steps, measuring the unique value each step contributes
or social media marketers.
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Measuring social discovery requires recording impressions o a Brands social presence.
To do so, simply add up all possible impressions across Facebook to determine your
brands visibility to customers. According to eMarketer, the majority o marketers relied on
these metrics in 2011, but as discovery only covers the rst step in the DITE ramework, themetrics do not provide meaningul ROF.
Measuring social interaction involves tracking anyone who opens and navigates through
content once they have discovered it. Measure social interaction by recording the
number o meaningul engagements users have with your Facebook content, including
clicks, completion o polls, comments, contest submissions, etc.
Measurement o social transactions is more similar to traditional marketing and sales
metrics. Measuring social transaction involves tracking how many customers completed
your call to action (CTA), which may include recording qualied leads, social sales, and
revenue.
Social endorsement represents an entirely unique measurement and should be measured
by your brands ability to grow organically by tapping in to your ans social graphs.
Enabling ans to share their transactions can provide a low-cost method or brand growth,
and successul social endorsements will allow or exponentially increasing growth withconsiderably lower expenses than those associated with traditional marketing.
Moontoast oers a ull analytics suite or our customers that provide comprehensive
tracking o metrics at each step o the DITE ramework. Our analytics suite ultimately gives
customers actionable insights on how to enhance perormance with subsequent Facebook
eorts.
TRACKING
SOCIAL DISCOVERY
(SIMILAR TO CPM)
TRACKING
SOCIAL INTERACTION
(SIMILAR TO CPC)
TRACKING
SOCIAL TRANSACTION
(SIMILAR TO CPA)
TRACKING
SOCIAL ENDORSEMENT
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Combine best practices to maximize ROF
BEST PRACTICES: THE SYNERGISTIC EFFECT
The six best practices outlined in this Whitepaper will help any brand improve
their Facebook ROI and ROF. Although each best practice stands eectively on its
own, combining them produces a synergistic eect and oers the best cumulative
results. For example, targeting users in their own newseed (#2) with a time-
sensitive ash deal (#3) that they can only nd on Facebook (#4) will likely lead to a
higher ROI and ROF than conducting each campaign on its own.
Its time to expand your use o Facebook past monitoring conversations, gathering
consumer insights, and abstract branding. Facebook has the potential to directly
impact your companys bottom line, and ollowing the best practices in this white
paper creates a positive end-result or both your company and your customer.
6 BEST PRACTICES
Follow a new fan
engagement framework
Engage in Social
Activation
Conduct multiple,
frequently promoted
campaigns
Offer Facebook
exclusives that fans wont
find elsewhere
Enable social
endorsement
Measure results usingReturn on Fan
#1
#2
#3
#4
#5
#6
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7/29/2019 Moontoast 6 bestpractices on how to deal with Social Media
17/17
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6 BEST PRACTICES TO GET THE MOST FROM YOUR FACEBOOK PRESENCE
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GET CONNECTEDABOUT MOONTOAST
Moontoast is an emerging leader in social marketing, social commerce
and social analytics. Moontoasts Social Activation Engine enables
brands to eectively ocus their social eorts on relationships, relevancy
and results through a library o social engagement and commerceapplications distributed on Facebook, Twitter, Pinterest, blogs and
afliate websites. Brands can directly measure social and transactional
results using Moontoasts patent-pending Social Analytics Suite.
Gartner Research has named Moontoast a Cool Vendor in Music and
eCommerce, and Billboard Magazine called Moontoast a Top Startup o
2011. For more inormation, visit www.moontoast.com.Direct-to-Consumer 2.0
How We Learned to Stop Worrying &
Love the Data Bomb
The Social Commerce OpportunityThe Fan Brands Guide to Facebook
Commerce
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