You wouldn’t start driving your car before knowing your final destination, would you? The same mindset can be said for launching an ad campaign without first establishing your overarching goals and KPIs. Ensuring that you have proper goals and expectations put in place prior to your campaign will help guide the direction of your creative approach, audience targeting strategy, and measurement of success.
The purpose of awareness-based campaigns is to serve as a widespread introduction to your city and help produce a new fan base consisting of individuals who may have otherwise never been exposed to you.
KPIs to track:
At the Consideration level, you are looking to increase online engagement with your audience in a more in-depth manner. This audience should be warmer and a bit more familiar with you, but may be doing research to compare your destination against your nearby or similar competitors.
KPIs To Track:
These campaigns are typically most effective when used on warm audiences that you have already built a relationship with following your Awareness and Consideration campaigns. A proper Conversion campaign’s goal is to drive final and actionable results that are connected to sales, conversation, experience and attendance. However they are much harder to effectively track. Talk to us if you’re interested in learning more.
KPIs To Track:
Before moving forward with a campaign, it is important to establish your ideal target personas and build your ad creative around them. For example, let’s say you are trying to run a campaign urging tourists to come visit your city, which is well known for its shopping, hiking, and nearby family-friendly theme park. In this case, there is an opportunity to create three unique personas to target in your social media campaign.
It is clear that using the same message and ad creative for all three of these audiences may not resonate as well as breaking your campaign down to uniquely pinpoint these individuals based on their interests. By taking the extra steps to specifically determine and properly target your audience, you will help improve the performance of your campaign and the relationships that are established from it.
When it comes to determining a paid social campaign budget, there is no such thing as a black and white answer. The budget you choose to move forward with will ultimately depend on multiple factors, including your goals, marketing budget as a whole, and number of audience personas, placements, and ad creatives you plan on running.
Here are three considerations to make when determining your budget:
If you have run paid social campaigns in the past, your historic performance can act as one of the most accurate ways to estimate a budget. You can review performance, spend and analytics to estimate how your campaign may perform and how metrics may shift with a lower or higher budget.
While industry benchmarks should always be taken with a grain of salt (there can often be several key differences between your city and the sources used to establish these benchmarks), taking advantage of industry benchmark resources can help you gain a high level understanding of the average amount being allocated for paid social campaigns.
There isn’t an easy or quick way to look into the amount of money competing cities are allocating into their paid social campaigns. However, spending some time researching their social content and live ads may help you get a general idea of their strategy and a ballpark estimate of how much they are spending.