7 ways to inform your media planning using social data
DESCRIPTION
Consumers are talking about brands more than ever before online. Social Media captures these conversations in various forms and if tapped right can uncover a vast array of information that can impact your media investments. Applying this knowledge to optimize your ad spend can generate efficiencies of more than 10 percent! Join Adweek and Networked Insights for a free webinar and dig deeper into Social Media data and get past GRPs & TRPs to uncover what consumers are talking about and where - just in time for the upfronts.In this webinar you will learn:* Value gained exploiting shows undervalued by Nielsen.* Hyper-segmentation approaches that go beyond "Adults 18 to 49."* How social can point the way to premium audiences at non-premium prices.* How to coordinate paid, earned, and owned assets to generate a "social lift" and make your spend go farther.TRANSCRIPT
March 2011
2 © 2011 Networked Insights
Why use social data to inform your media plan?
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Enterprise Time Spen
t
Time
Macro Trends
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Enterprise Time Spen
t
Time
Data Gathering was strategic
Data Gathering
Insights
Actions
Macro Trends
© 2011 Networked Insights 5
Enterprise Time Spen
t
The Web
Data Gathering was strategic
Data Gathering
Insights
Actions
Macro Trends
Time
© 2011 Networked Insights 6
Enterprise Time Spen
t
Time
The Web
• Rapid Learning was key to efficiency gains
• Search Excelled
• Google was the Champion
Data Gathering was strategic
Data Gathering
Insights
Actions
Macro Trends
© 2011 Networked Insights 7
Enterprise Time Spen
t
Time
The Web
Consumer Web
• Rapid Learning was key to efficiency gains
• Search Excelled
• Google was the Champion
Data Gathering was strategic
Data Gathering
Insights
Actions
Macro Trends
© 2011 Networked Insights 8
Enterprise Time Spen
t
Time
The Web
Consumer Web
• Rapid Learning was key to efficiency gains
• Search Excelled
• Google was the Champion
• Exponential data growth causes data overload
Data Gathering was strategic
Data Gathering
Insights
Actions
Macro Trends
© 2011 Networked Insights 9
Enterprise Time Spen
t
Time
The Web
Consumer Web
• Rapid Learning was key to efficiency gains
• Search Excelled
• Google was the Champion
• Exponential data growth causes data overload
Data Gathering was strategic
Real-‐Time Web
Data Gathering
Insights
Actions
Macro Trends
© 2011 Networked Insights 10
Enterprise Time Spen
t
Time
The Web
Consumer Web
• Rapid Learning was key to efficiency gains
• Search Excelled
• Google was the Champion
• Contextual Discovery leads to efficiency in Insight and actions
• This is Networked Insights Core Technology
• Exponential data growth causes data overload
Data Gathering was strategic
Real-‐Time Web
Data Gathering
Insights
Actions
Macro Trends
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While innovaNve product jumpstarts brands, markeNng quickly becomes the differenNator ‘Word of mouth’ has become ‘Word of web’ More focused brands are the early adopters of social media-‐driven markeNng
Brands cannot afford to outspend their ecosystem
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Networked Insights allows brands to achieve massive media efficiency
Social Data is the key to efficiency in all media spend (TV and digital; paid, owned, and earned) At least 10% of efficiency across the enNre media spend
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7 Ways to Use Social Media in Media Planning
Execu&ve summary:
1. OpNmizaNon of Current Buy
2. Finding TV shows before they go mainstream
3. Audience SegmentaNon
4. MaximizaNon of Paid, Owned, Earned Media
5. Finding a Celebrity Endorser
6. IdenNfy Content That Plays to a Target
7. Integrate Your Brand in a Show
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1. OpNmizaNon of Current Buy
Finding Diamonds in the Rough
² Nielsen defines market value of a show by Gross RaNng Points (GRPs) and Target RaNng Points (TRPs)
² Buying shows where social data shows a highly engaged audience and tradiNonal data shows low GRPs/TRPs produces opNmized buys and tremendous value
15 © 2011 Networked Insights
1. OpNmizaNon of Current Buy
Finding Diamonds in the Rough
² Nielsen defines market value of a show by Gross RaNng Points (GRPs) and Target RaNng Points (TRPs)
² Buying shows where social data shows a highly engaged audience and tradiNonal data shows low GRPs/TRPs produces opNmized buys and tremendous value
OUTPUT Made $7,000,000 perform like $10,000,000
a 42% Increase In Ad Performance
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2. Finding Shows Before They Go Mainstream
Iden&fying a hit before it goes on air
² TradiNonal raNngs need an audience to see a show air before they can get audience reacNon
² Social data is predicNve: buzz before the show airs can point the way to a great buy before the market has realized the high value
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2. Finding Shows Before They Go Mainstream
Iden&fying a hit before it goes on air
² TradiNonal raNngs need an audience to see a show air before they can get audience reacNon
² Social data is predicNve: buzz before the show airs can point the way to a great buy before the market has realized the high value
OUTPUT Spent $65,000 per 30-‐second spot
rather than spending $220,000 per 30-‐second spot
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3. Audience SegmentaNon
Targe&ng audiences through hyper-‐segmenta&on
² TradiNonal metrics lead to expensive buys for shows and other channels that can deliver along only a few key demographics
² Social data can find audiences through context and conversaNon leading to more efficient
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3. Audience SegmentaNon
Targe&ng audiences through hyper-‐segmenta&on
² TradiNonal metrics lead to expensive buys for shows and other channels that can deliver along only a few key demographics
² Social data can find audiences through context and conversaNon leading to more efficient
OUTPUT How to Reach Premium Viewers Without Paying Premium Pricing
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4. MaximizaNon of Paid, Earned, Owned
Breaking down Silos and earning social liG
² These themes areas have ojen been run by separate departments within a brand or agency; synergies not well coordinated
² Social data can help sequence these areas to create synergies and provide social lij
October 1.2%
February 0.7%
March 0.2%
April 0.7%
May 0.7%
July 1.7%
August 2.6%
September 0.3%
June 0.1%
Earned Impressions 31,383,872
Earned Brand Value* $62,768
Earned Media Ripple
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4. MaximizaNon of Paid, Earned, Owned
Breaking down Silos and earning social liG
² These themes areas have ojen been run by separate departments within a brand or agency; synergies not well coordinated
² Social data can help sequence these areas to create synergies and provide social lij
OUTPUT Spent $18 million instead of $30 million on new product launch
October 1.2%
February 0.7%
March 0.2%
April 0.7%
May 0.7%
July 1.7%
August 2.6%
September 0.3%
June 0.1%
Earned Impressions 31,383,872
Earned Brand Value* $62,768
Earned Media Ripple
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5. Finding a Celebrity Endorser
Find the intersec&on of Brand X and Celebrity Y
² Focus groups are slow, biased, and expensive
² Quickly and efficiently test different celebriNes as candidates for brand endorsers with social data
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5. Finding a Celebrity Endorser
Find the intersec&on of Brand X and Celebrity Y
² Focus groups are slow, biased, and expensive
² Quickly and efficiently test different celebriNes as candidates for brand endorsers with social data
OUTPUT Instead of spending $ on the wrong celeb for your brand,
spend less on the right one
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6. IdenNfy Content That Plays to a Target
Fans will tell you what they like
² SomeNmes other brands beat you to the punch and buy up an exclusive on TV
² Social data analysis can quickly idenNfy the same audience online and show you how to reach the same impact at a fracNon of the price
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6. IdenNfy Content That Plays to a Target
Fans will tell you what they like
² SomeNmes other brands beat you to the punch and buy up an exclusive on TV
² Social data analysis can quickly idenNfy the same audience online and show you how to reach the same impact at a fracNon of the price
OUTPUT How to make $2 million dollars of ad budget
deliver $42 million dollars of payback
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7. Integrate Your Brand with a Show
“Has anyone seen this? I was watching the premier of The Walking Dead last night and a commercial came on with a Corolla S that was driving through zombies. It was amazing! I got so excited I almost did a backflip out of my bed.” ToyotanaNon.com
What’s Being Discussed
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Bonus Case Study: Super Bowl Fans Pile On!
² Teleflora placed only one ad, but had the highest efficiency of spend
² Chrysler had the highest social lij — 377%— but they had to spend a lot more to get it
² SenNment is always a factor, and Teleflora did well with 79% of comments posiNve
² Volkswagen had the highest posiNve senNment at 89%
² Chrysler had the highest negaNve senNment of the top 10
² Check out our report on the Oscars – featured on homepage
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Our Vision is to help you plan across all Paid Owned Earned Media!
Print, Television, Radio, Magazines, Cinema, Outdoor, Banners, Direct mail, SEM/Paid Search, In-‐store media
Owned Brochure, Retail stores, Company website, Microsite, Community, Facebook Fanpage, Mobile apps, etc.
Paid Word of mouth, Facebook, Twiper, Digg, Youtube, Flickr, Blogs, Forums
Earned
Prospects Customers Advocates
29 © 2011 Networked Insights
To plan more than $5 Billion dollars of Media Spend in 2011
Networked Insights uses Earned Media
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Dan Neely 608-‐237-‐1867 [email protected] networkedinsights.com