Most small businesses are very thoughtful about what kind of marketing strategies they invest in. When the marketing budget is limited, it’s important that allocation of resources is wise to get the most for your money.
Marketing through social media is one of the most versatile and cost-effective strategies that small businesses can use to reach their target audience and boost sales over time. That’s why 97% of marketers are using social media to reach their audiences.
So what’s so great about social media marketing? This case study gives one answer to this question.
One Day, One Job—an online company that specializes in helping college students find entry-level jobs—aspired to grow its Web traffic and was attracted to Facebook by the vast numbers of active students on the network.
Although the company set up a Facebook Page, it was more interested in leveraging the precise targeting capability of Facebook's advertising platform.
The company initiated a dual campaign with some ads targeting Ivy League seniors and the rest targeting seniors from 40 other top-rated schools, both on a CPC and CPM basis. Ad copy included the phrases "Ivy League" and "elite colleges and universities," respectively.
For the CPM campaigns, 8,000 impressions were allocated to the Ivy League ad, and 14,000 impressions to the version targeting other schools. Click-through rates averaged 0.06% in both cases.
Both CPC campaigns, however, had over one million impressions each, with the Ivy League ads achieving a 0.15% click-through rate and other school ads registering 0.10%.
One Day, One Job believes the Ivy League ads performed better because the copy was more targeted. It also suspects that its CPC ads performed better than CPM due to better placement.
Subsequently, the company found that Facebook referrals tend to be more engaged Web site users: They visit more pages and stay on the One Day, One Job website twice as long as the average user.
In a separate experiment, One Day, One Job worked with its job-seeking clients to conduct Facebook ad campaigns targeting potential employers. Facebook is one of the few places where people can be targeted based on place of employment. The company used this capability to help five jobseekers advertise their skills to people associated with choice organizations.
Jobseekers created the ad copy themselves and included a personal photo, then linked the ad to an online resume, such as a profile listed on LinkedIn or VisualCV.
One candidate's ad targeted the Walt Disney Company and received 685 clicks. It resulted in 21 emails, 4 Facebook messages, and a job interview at the company. Several respondents offered advice for finding a job with Disney or offered to forward the candidate's resume to their supervisors.
Another candidate first targeted individuals from Accenture, Anheuser-Busch, Facebook, Ford Motor Company, T-Mobile, Wal-Mart, AT&T, Sprint, Miller Brewing, Monsanto, The Walt Disney Company, Nestle, ESPN, St. Louis Blues Hockey, and Fox Sports with a more creative stance that read "Knock, knock. Opportunity knocks only once. I'm knocking. Click to see my resume."
The ad was viewed 50,992 times and clicked 117 times, but it resulted in no leads. In a second attempt, the candidate specifically targeted Sprint with copy that read in part: "My dream is to work for Sprint. Can you help?" Due to a smaller target pool, the ad was viewed only 2,588 times but received 32 clicks and resulted in five email contacts from current and former Sprint employees.
Overall, the click-through rates achieved by the jobseeker ads were 10-20 times higher than One Day, One Job received in its own ad campaigns.
The most successful jobseeker ads targeted a single company with very specific copy that mentioned the company name, whereas ads targeting multiple organizations by location were less effective, drawing inapplicable clicks that lowered the return on investment.
One Day, One Job's next step will be to use this insight to improve its own campaigns and target specific universities, rather than taking the more generic "Ivy League" and "elite colleges and universities" approach.