Friday, June 8, 2012

Coupon Contests Have Highest Entries on Facebook

Campaigns On Facebook Vary To Assure Earned Media
According to a recent Wildfire analysis of over 10,000 social media campaigns to see what types of campaignsearned media, or sharing activity. Certain campaign application types generate higher entry and participation rates(contests and sweepstakes for example), while other types are more likely to be shared via a news feed post or an invite to the app (pick-your-favorites, quizzes and trivia).
When 68% of Facebook users say that a recommendation from a Facebook friend would make them more likely tobuy a specific product or visit a retailer, however, brands want all the earned media they can get, says the report.Promotions are one of the most popular marketing methods on Facebook whether sweepstakes, contests, or coupons and more. The study reports a number of actionable results for social marketers, including the types of social marketing campaign that tend to get the highest participation rates, the different campaign types that get thehighest sharing rates, and the common thread among campaign types that generates the most sharing with friends on Facebook.

In addition, other key findings from the study include:
• Coupons, giveaways, and sweepstakes get the highest amount of entries on average.
• “Pick-your-favorites,” quizzes and trivia that get the most shares by users, thus creating more earned
media for the brand.
• The campaign types that generate the most earned media are those that allow users to reveal personal
preferences, tastes or opinions to their Facebook friends. These include pick-your-favorites, quiz and trivia
applications.
• People are equally as likely to enter contests and sweepstakes whether they heard about them directly
from a brand or from a friend’s post. In other words, where a user learns about a contest or sweepstakes
within Facebook does not impact the likelihood they will enter it.
• The earned media generated by users sharing to their networks about interactions with these apps resulted
in a significant conversion of new users— in other words, the earned media is working. For example, 82%
of the users that clicked on a friend’s news feed post about a quiz they’d taken went on to take the quiz
themselves.
On average, coupons, giveaways, and sweepstakes get the most entries and Facebook engagement. These
campaigns are closely correlated with low barriers to entry (as in a sweepstakes), high-value perceived rewards (aswith coupons), and the popularity of a “sure thing” (as with giveaways).

 Most Entries And Facebook Engagement (What types of campaigns get the most entries?)
Campaign Average Entries
Coupon 3,037
Giveaway 1,888
Sweepstakes 1,630
Favorites 1,070
Quiz 1,024
Trivia 410
Essay contest 398
Photo contest 381

 Video contest 318
Source: Wildfire, May 2012

When earned media is the focus of the analysis, an entirely new set of high performing campaign types emerge, with an interesting commonality. The campaigns types that are most “shareable” are campaigns that include “pick-your favorites,”quizzes, and trivia.

The most-shared campaign applications are designed to either:
• Allow the user to discover an aspect of his personality of which he was previously unaware
• Display facets of his personality that he knows about and wants to share
The most important question of all, says the report, is whether or not the shares generated by users get addition new users to engage with the branded campaign too. The analysis of earned media’s ability to draw additional users into engagement with a brand showed positive results: “pick-your-favorites,” survey, and quiz campaigns (that appear in users’ news feeds) have a high chance of being seen and clicked on by their friends.The study reveals that 82% of the users that click on a news feed post, shared by a friend who took a quiz, will go on to take that quiz themselves. This indicates that when a user’s attention is piqued by the news feed, the engagement potential is very high.

Earned Media Click-To-Entry Conversion Rate (When a user clicks on earned media, how often do they go on to enter the campaign themselves?) The report says that earned media can account for up to a 12% boost in engagement rates, which means viewing, clicking and participating with a campaign. – Research Brief

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