Tag Archive for: Paid Search

The Value of Social Media Advertising

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Social media advertising has become a vital tool for businesses in today’s digital age. With billions of users on social media platforms, companies must understand its benefits and how it can generate revenue. 

Understanding the power of social media can make a difference in driving success. In this blog, we will explore the importance of social media and how companies can leverage it to achieve their goals. Let’s dive in and explore the value of social media for your business. Here’s what you need to know.

Why is Social Media Important?

Social media has become an increasingly essential tool for businesses in today’s digital age. According to Statista, social media advertising spending in the U.S. will reach over $94.4 billion in 2023. Social media advertising spending will hit $122.2 billion by 2026. This trend shows no signs of slowing down. With the increasing number of social media users, it’s clear why brands need to prioritize their social media presence.

In today’s competitive marketplace, a solid social media strategy is now optional but essential for businesses looking to succeed. By 2027, nearly 6 billion people will be using social media worldwide. As such, social media provides businesses an outstanding opportunity to connect with a large audience. 

By leveraging social media platforms, companies can engage with their customers personally, build brand authority, and generate leads and revenue. It’s a cost-effective way to reach a targeted audience and foster customer relationships. Let’s take a look at who uses social media.

Who’s On Social Media?

 

Businesses must understand the demographics of their target audience when crafting their social media advertising strategies. According to HubSpot, marketers primarily target younger generations, with 84% targeting Millennials, 52% targeting Gen X, and only 22% targeting Gen Z. Meanwhile, Baby Boomers only make up 14% of the target audience for social media advertising.

The Digital 2023: Global Overview Report reveals that women tend to spend more time on social media platforms than men. The report also showed a decline in social media usage across all genders as they age. Consequently, businesses should consider these demographics when creating their social media campaigns to ensure their content resonates with their target audience.

By understanding different demographics’ social media habits and preferences, businesses can create targeted campaigns that engage and convert their desired audience. With social media advertising spending projected to continue increasing, ensuring your brand’s message reaches the right people at the right time is essential.

Engage On Social Media

Social media offers businesses an unprecedented opportunity to engage with their customers personally. By leveraging social commerce, you can attain the following:

  • Interact with their clientele.
  • Create a sense of connection.
  • Drive engagement through feedback or comments.

However, businesses must create compelling content that resonates with their audience to make the most of social media engagement. Relevant posts, videos, and images will generate positive reactions, encouraging engagement and sharing. 

By thoughtfully planning and executing your social media strategy, you can build a loyal following, increase customer retention, and more. If you haven’t already, it’s time to start engaging with your customers on social media!

Building Brand Awareness Across Multi-Platforms

Establishing brand awareness is paramount to maintaining a solid online presence. According to research, 76% of consumers claim that content significantly influences purchasing decisions. People trust others; customer reviews and testimonials can help build trust and influence purchasing decisions.

Social media gives businesses an authentic way to showcase their brand and build trust with their audience. By sharing content featuring real people who love their products, companies can demonstrate their value and establish a loyal customer base. Building brand awareness through social media is crucial in today’s digital age. Businesses can build trust, establish brand authority, and drive sales by leveraging social media to showcase their products and engage with their audience.

Let’s take a look at some social media platforms that can help build brand awareness.

Social Media Platforms

Choosing the best channels for your business can be confusing at the beginning. There are a lot of platforms out there to choose from. Depending on the type of business you are in, you may be making a mistake by not being present on all of the platforms. Here’s a quick breakdown of some of the most popular platforms businesses use today.

Instagram: This is a great visual platform. It’s a great platform to showcase products and connect with influencers to grow your customer base. 41.5% of Meta’s revenue will come from Instagram in 2023, and its ad revenues are growing faster than Facebook. With over 1.3 billion users worldwide, it’s a platform to have a presence on.

Facebook: Is one of the biggest social media platforms and the oldest around. Facebook offers a targeted way to engage with prospects and customers.

LinkedIn: LinkedIn is the place to be for B2B businesses and provides opportunities for B2C too. Businesses can connect in the B2B space organically and through paid advertising. Content that works well on this platform is blogs, white papers, eBooks, and industry-related content.

Twitter: Twitter is a real-time platform, meaning your content should be timely and relevant. It can be an excellent customer service channel for brands as it allows quick replies, and its hashtags help discover new and trending content.

Creating a Strategy That Works

It’s not enough to simply have a presence on social media; businesses must create a strategy that works. This involves identifying the right social media platforms to target your audience, crafting engaging content that resonates with followers, and consistently adapting your approach based on data and feedback. By taking a thoughtful and intentional approach to social media, businesses can build a loyal following, increase brand awareness, and drive sales.

At Onimod Global, we’re passionate about our experience in brand strategy and social media advertising in order to help businesses succeed with modern marketing strategies. Contact us today to learn more about how we can help elevate your business to the next level.

Google vs Bing: Which Ad Platform is Better?

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When weighing out your options for SEM and how to most effectively spend ad dollar, analyzing the benefits of using Google AdWords and Bing Ads is a great starting point. The common assumption is that Google AdWords dominates, yet utilizing Bing Ads can be very advantageous depending on numerous factors. Let’s evaluate the strengths of each advertising platform.

Google AdWords Strengths

1. Amount of Search Volume: It’s no secret that Google is the king of search engine traffic. Therefore, this means a higher potential for customers, leads, and conversions for whatever you are advertising.
2. Advanced Features: Especially with the recent launch of an upgraded AdWords platform, Google’s program has more advanced features to offer than Bing. Working with optimization, targeting, ad extensions, and management settings Google gives advertisers a much more advanced interface.
3. Easier Talking Point: Because of how known Google and their Adwords platform is, many businesses will quickly jump on the AdWords “bandwagon.” AdWords is more commonly known in the digital advertising world and Bing tends to be overlooked as a result of this.

Bing Ads Strengths

1. Better Value: Advertising on Bing in most cases is about half the cost as Google Adwords. Less people also advertise on Bing’s platform, so the price of keywords is significantly lower. Ultimately, this leads to cheaper conversions and a better use of ad dollar for organizations.
2. Audiences: Although the search volume of Bing isn’t any competition for Google, the quality of clicks tends to be better. In some cases Google AdWords will “eat up” ad dollar through meaningless clicks. If utilized correctly, you would be surprised at how many relevant clicks and conversions can come through Bing.
3. Customer Service: Being an extremely large organization, Google has much more customer service issues to worry about compared to Bing. Not to knock Google’s customer service department but because of Bing’s smaller organizational size, they have a greater ability to spend more time with customer problems and fulfill more specific needs.

Micro-Wins: The Key to AdWords Success

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There are plenty of articles out there claiming to have some sort of quick fix or tip to exponentially boost your AdWords campaigns. In certain case studies these hints may have actually been incredibly successful, but that doesn’t mean the same goes for every advertiser or every business. In reality, micro-wins are much more valuable and much more attainable by most digital marketers.

 

What Are Micro-Wins?

Micro-wins are a series of tiny improvements over a long course of time, sort of like a theory of evolution on an AdWords campaign. These changes may not look like much in the beginning, but when compiled together at the end of a year, they make a very large impact.

 

Exploration

Hundreds upon hundreds of trial and error attempts are the secret to achieving these micro-wins. It’s best to begin by trying a myriad of strategies, so as not to limit your campaign based on what you think you already know. Experiment, it’s okay to fail! This is how you determine what works and what definitely does not.

 

Refinement

Once you can see where the biggest potential lies, start trimming off the fat. Take away all of the failed experiments, and all the money they’re draining, and leave those that still hold some potential for the future.

 

Optimization

Start experimenting again. Weed out the best of the best in terms of advertisements by thinking outside of normal limitations. Do not be afraid to try something new because you can always change it later on if needed. Once completed, you’ll be left with only the highest achieving and most successful ads.

Which is Better: Paid or Organic Search?

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Digital marketers have long debated these two search channels in an effort to once and for all prove one as the true victor when it comes to measurable results. However, this comparison is not as simple as it seems. Much like comparing apples to oranges, these two channels are incredibly different from one another.

Organic:

Organic search results typically have a much higher conversion rate, and higher key metrics in general, associated with them when compared to paid search results. Organic results are also 100% free, and who doesn’t love free advertising? At a glance, these well performing statistics may suggest that organic is a better channel than search, but that is not necessarily the case.

 

Paid:

The paid search channel is always the first listed when a consumer conducts a Google search. Google also continues to improve upon its search by providing an obvious preference to paid advertisements rather than organic listings. This was made clear last year when the search giant added a fourth paid advertisement listing in every query. Unfortunately, these prime positions come at a price.

 

Despite the cost associated with paid listings, many advertisers utilize them to gain the most recognition from a potential customer. This form of advertising is most helpful for companies that are trying to gain awareness of their brand.

 

Conclusion:

There is no clear and definite winner. Paid and organic search channels each have their own unique strengths and weaknesses, but to only choose one of them in any marketing strategy is a weakness in itself. Digital marketers need to realize the full potential of every marketing opportunity and what they mean collectively for the company’s success.

 

If your business is limiting itself in its number of channels, then there is no doubt that it is also limiting itself in the number of potential customers it can reach. The key to the relationship between paid and organic search is that they are best when implemented together.

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