Digital Media Strategy Template for any Consumer Product- Combining Google, FB and E-Com Portals
But how many people search for your
category’s products online? This used to be first response of anyone whenever
someone used to hear that all our marketing efforts are “digital first”. The
people with better understanding of consumer products and digital media usually
asked the question, “But aren’t all horizontal eCommerce players targeting the
same keywords for which you want to bid? And surely you can’t outbid an Amazon
for a generic keyword where they are bidding right?”
All very relevant and correct
questions. Yes, not a lot of people go to google for a generic search to begin
the purchase journey for many consumer products. Yes, the Amazons and Flipkarts
will outbid you for every generic search for every category they are into. But
does that mean that the scope for Digital as a medium is limited in such a
category? No, not at all.
India is a digitally advancing
economy. In today’s day, 15% of all purchases in India are digitally
influenced, where as e-commerce accounts for only 4%. Obviously these
percentages would vary across categories (e.g.- mobile phones will have a very
high ecommerce percentage, where as automobiles will have low ecommerce but
good percentage in digitally influenced). The same goes for any consumer
product. A multiple of anywhere between 3-6x can be taken while estimating the
digitally influenced numbers viz a viz the ecommerce numbers
At a personal level, it really
hurts to see brands burn millions of dollars on digital media in the name of
awareness and engagement (read clicks, views, impression, likes- add any vanity
metric that doesn’t impact revenue to this list). Someone once correctly said,
“Engagement is not a metric, it is an excuse”. And then these would be the same
people who would say digital media isn’t giving the kind of ROI as it used to.
Yes, the cost of advertising on Fb, Google and Amazon is increasing every year.
But what is actually driving up the costs is people chasing vanity metrics even
till this day. Vanity metrics and vanity campaigns can be a post for another day.
For any consumer product today,
there are 3 mediums which is must as of today. The 3 giants of modern
advertising- Google, Facebook and Amazon. And all 3 have to support each other
because when done well and in sync, the overall output would be much greater
than the sum of them individually.
I am sharing a basic digital
media strategy that every consumer product (be it a
CPG/fashion/electronics/appliances etc) which is sold online can follow if they
want marketing to be a cash positive machine right from day 1. Obviously, it
goes without saying that this will work if and only if you have a kickass and
differentiated product. And the better your digital content gets, the lower
your costs will get as well.
While this might differ for few
products/categories, as a rule of thumb- Facebook is to be used for
prospecting, google search and Amazon Ads for conversion, and Google
Display/Facebook for remarketing to people who have already shown intent. How
well these 3 are interlinked to provide a seamless experience to the customer
and topped up with additional things (marketing automation in the website,
emailers/SMS/chatbots/assisted selling) will determine the final ROI of any
marketing campaign in the consumer space.
Facebook( For Prospecting)
Almost everyone in any consumer
company’s TG is present on either Facebook and Instagram. And with all the
personal data that everyone provides Facebook with, they know each and everyone
of us better than we ourselves do. Whenever you either exhaust the low funnel
customers or low funnel targeting is driving the costs insane, upper funnel
targeting on Facebook is the only way out. Facebook gives you the option to go
beyond just demand fulfilment( people explicitly searching for your category or
your brand on Amazon/Google) and target people who are exactly like your existing
customers and are the most likeliest to purchase in future. These are the steps
to follow:
a) Every
business will have their first party database( qualified leads, existing
customers etc). If you do not have a first party database, you don’t deserve to
be a modern consumer brand. Start running Facebook ads with similar audience/lookalike
audience targeting. This is the most powerful feature of Facebook ads where
Facebook will show the ads to only those people who have the same
characteristics as that of your existing customers.
b) Experiment
with multiple ad creatives and multiple ad formats including statics, slideshow
videos with captions, regular video and carousel ads
Now the mistake most people make
is expect people to click on the ad, land up on the website and make a
purchase. Unfortunately, this is not how a consumer will behave. And if you
measure effectiveness through this, you will think Facebook ads are not
working/have very high ACOS and will give up on Facebook.
You don’t realize that the same
guy sees the ad on Facebook, clicks/may not click on the ad, registers the
brand name in his mind and searches for the same on Google/Amazon. Get this
corrected through either 1 of this 2:
a) Have
a lead gen form in your website/use lead gen ads on facebook- People are more
likely to fill that form after clicking an ad rather than directly making the
purchase
b) Move
away from last click attribution- please move away from this archaic way of
measuring effectiveness of ads.
View through conversions in a
bigger window can also be a good way to understand which ad groups are working
Google Search
Now that you are generating
demand on Facebook, people will start looking for you/your category on Google.
This is a very common occurrence for any new brand. A consumer sees a very
impressive ad of your brand on Facebook. The features/pricing are probably too
good to believe for the consumer. To check the legitimacy of the brand, the
first reaction is to google the brand. If you are not the first result with an
impressive landing page( in sync with the ad the consumer saw), you will lose
the consumer and come to a false conclusion that the FB ad sucked. But what
actually sucked was not having a search strategy in place to supplement your
FB.
a) Always
protect your brand keywords( they come very very cheap) with search ads to
ensure a consistent experience for the consumer
b) Retarget
Facebook ad clicks on Google through RLSA ads
c) Start
bidding on feature led( the same features which you are highlighting) generic
keywords
d) Start
bidding on exact long tail keywords
Obviously such keywords should be
identified early and a SEO strategy should be in place so that you start
ranking organically for these keywords. Organic ranking also helps in building
up credibility.
If budget permits, start bidding
on fully generic keywords on which the ecommerce giants also bid. But there is
a smarter way to ensure customer eyeballs on these generic keywords. Yes, it is
Amazon Advertising
Amazon Advertising
More than 50% of product searches
are beginning on Amazon. When a product search begins on Google, it ends up
either on Amazon or the brand’s website. But when a search begins on Amazon, it
ends on Amazon. Not being on Amazon is not an option for anyone anymore. If
your customer is there on Amazon and you don’t show up on Amazon with the exact
same product that you promote online, the chances of him ending up with a
competitor’s product is high.
a) Generic
Keywords- Bid on all possible generic keywords on Amazon as long as it makes
economic sense. Optimizing the bids for your target ACOS is something that you
will need to do. Since you are not bidding on costly generic keywords on Google
and Amazon is doing that on Google, so when the customer lands on the Amazon
page clicking on that ad, you should be on top
b) Brand
Keywords and Feature Led Generic Keywords- These would be less costly and is
again important to give a consistent experience to the customer
Of course, ad formats like
Headline Ads and Product Display Ads are very powerful ads to drive sales at
very low cost if done correctly.
A good product page and a brand
page with clear communication and good reviews goes a long way in ensuring
conversion. And this has to be consistent with your FB ads, display ads and the
landing page of the website
This is a basic media strategy
for any consumer brand which focuses on ROI driven digital marketing. Of
course, there would be lot of additional things- blogs, native content, video
content through Youtube, offer based remarketing- Google Display and FB, lead
nurturing strategy etc which would be there over and above.
But it is possible to build a
cash positive marketing strategy for any consumer brand right from day 1 if we
get the metrics right, the creatives right and the execution right. For any new
brand without fluff and without millions of $ of VC money to burn, it should
always be “Sales overnight, brand overtime”. And this is a sure-shot guaranteed
way to achieve that( provided you have a kickass product :P)
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