Data derived from social platforms can be highly valuable if you know how to leverage big data for the right campaigns.
Big data is one of the most talked about concepts of the era, and for good reason. If your brand knows how to effectively leverage big data to optimize campaigns and generate results, you could be looking at unprecedented growth.
Below are four great ways to leverage big data and some examples of campaigns you can execute taking these data into account.
Implement Responsive Branding
Social platforms offer brands a unique insight that no other marketing channel has ever offered. For the first time, your audience is coming to you and telling you what they want and how they want it delivered. If you are properly monitoring your audience’s tastes and preferences, you can implement Responsive Branding initiatives that leverage big data in order to target a specific group according to what they like and when they are online.
Say, for example, that you sell jewelry. After you mine for data, you find out that your target audience is most active early in the morning. Imagine taking this information, and targeting this audience when you know they are most engaged – wouldn’t that make the most sense?
Optimize Search Campaigns
When it comes to search-driven traffic, the majority of our audience is going to come from organic results. That’s a well-known fact. That said, there is still a strong part of our audience that can be influenced by ads online. Imagine if you had more insights into what that audience was.
For SEM (search engine marketing) campaigns, you can easily leverage big data in order to narrow your scope and drive a higher click-through rate (CTR). On Google, anything above 1% is considered a strong CTR. Imagine knowing exactly what demographics like to click on your ads and targeting only that group. You may not see as many impressions, but rest assured your CTR will soar!
Increase Internal Efficiency
Marketing patriarch John Wanamaker said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” That is no longer the case with big data.
Think outside just your marketing and advertising departments. You know where to allocate budgets and how much it costs departments to run. Now, when you look at data to see an even more in-depth analysis of where your dollars are best spent (i.e. what dollars provide you with the highest return on investment) you can eliminate waste from your budget and ensure that your spending – in marketing and elsewhere – is completely optimized.
Engage in Real-Time Marketing
Similar to Responsive Branding, real-time marketing is the concept of engaging with your audience while they are talking and capitalizing on events as they are happening. Monitoring your data in real time is a difficult task. The payoffs, however, can be great. First-mover advantage has never been more valuable than in the online world. By engaging in real-time marketing, you stand to benefit greatly as a result of your leveraging of big data.
These are just a few of the applications of big data. Find out about more by contacting t2 today.
How do you leverage big data? Tell us in the comments below or on Twitter!