by Fronetics | Sep 18, 2019 | Blog, Marketing, Social Media, Video Marketing
Here are 15 social video marketing statistics that every supply chain marketer should be aware of in 2019.
Highlights:
- 87% of business use video as a marketing tool.
- 83% of marketers report that video gives them a good ROI.
- Social video marketing trends to be on the lookout for: live video and 1:1 personalized video.
If you believe everything you read, you might think that social video marketing has taken a bit of a hit in the past year or so. Largely thanks to Facebook’s well-publicized inflation of video view metrics, companies are naturally wary of investing in video creation and promotion on the platform.
But Facebook’s transgressions shouldn’t undermine marketers’ confidence in the future of social video marketing. Both expert analysis and hard numbers support the notion that video isn’t going anywhere. As digital media expert Michael Humphrey puts it, “All the major upward trends still wrap around video.”
According to Lux Narayan, CEO of independent social analytics company Unmetric, audiences “are longing for more interactive experiences as well as long-form storytelling that only video can best achieve.”
Here are 15 social video marketing statistics we think supply chain marketers should be aware of.
15 social video marketing statistics for 2019
- 47% of internet users have watched brand advertising videos on social media within the past 3 months. (Toluna)
- Of the social media users who have watched branded videos in the past 3 months, 43% watched on Facebook, 38% on YouTube, 18% on Instagram, and 13% on Twitter. (Toluna)
- 87% of businesses now use video as a marketing tool, up from 63% in 2017. (Wyzowl)
- 55% of people consume videos thoroughly – the highest percentage of any content type. (HubSpot)
- 30% of users prefer video ads to text or still image ads, while 52% report having no preference. (Only 18% prefer text or still image ads). (Toluna)
- 83%of marketers say video gives them a good ROI, up from 78% in 2018. (Wyzowl)
- 52% of consumers say that watching product videos makes them more confident in online purchase decisions. (Invodo)
- 68%of people say they’d most prefer to learn about a new product or service by watching a short video, over text-based articles (15%), infographics (4%), presentations and pitches (4%), and ebooks and manuals (3%). (Wyzowl)
- 48% of social media users have sought more information about a product or service based on social video marketing. (Toluna)
- 33% of survey respondents answered yes to having bought a product or service from a brand solely based on social video marketing. (Toluna)
- 88% of video marketers are satisfied with the ROI of their video marketing efforts on social media. (Animoto)
- 82% of social media users prefer live video from a brand to social posts. (Impact)
- 81% of marketers say video has helped them generate leads, and 84% say video has helped them increase traffic to their website. (Wyzowl)
- 61% of marketers have made more marketing videos in house in 2018 than they did in 2017. (Animoto)
- 67% of users said they would like to see more social video marketing in the future over other types of ads. The remaining 33% are indifferent, not opposed. (Toluna)
The future of social video marketing
Suffice it to say, the numbers bear out the fact that video marketing, and particularly social video marketing, is a trend that’s here to stay. Live video is increasingly popular, and savvy brands are incorporating it into their strategies.
In addition to live video, given the growing ease of shooting video on smartphones, another big trend is likely to be 1:1 video. Marketers can nurture leads via personalized video messages, rather than phone calls or emails, using video to offer additional content, product support, or simply to foster a relationship.
The bottom line is that video offers up the kind of engaging storytelling that users today want. And social media is the ideal distribution platform for video, making social video marketing a winning strategy.
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by Fronetics | Sep 17, 2019 | Big Data, Blog, Data/Analytics, Internet of Things, Robotics & Automation, Supply Chain
Machine learning is shaping the future of supply chain and logistics management, improving accuracy, speed, scale, and more. Here’s how.
Highlights:
- Machine learning refers to an application of artificial intelligence that lets systems learn and improve automatically based on experience.
- Experts predict that 95% of supply chain planning vendors will rely on supervised and unsupervised machine learning for their solutions by 2020.
- When paired with the Internet of Things, machine learning can provide cost savings around $6 million per year.
When it comes to the future of the supply chain, machine learning is one of the most exciting applications of artificial intelligence (AI) technology out there today. Machine learning is a mode of data analysis that provides systems with the ability to learn and improve automatically from experience, without being specifically programmed.
Gartner recently projected that by 2020, 95% of supply chain planning vendors will rely on supervised and unsupervised machine learning for their solutions. Furthermore, it isn’t just expert predictions that demonstrate the impact and potential of machine learning for the supply chain. Amazon, for example, is using machine learning to improve accuracy, speed, and scale for its Kiva robotics, and DHL relies on machine learning to power its Predictive Network Management system.
So, what is it about machine learning that makes it ideally suited to meet the challenges commonly faced by supply chain companies? The answer lies in the fact that machine learning algorithms are brilliant at detecting patterns, anomalies, and predictive insights. This makes it the ideal technology to help supply chain companies forecast error rates, reduce costs, improve demand planning productivity, and increase on-time shipments.
Here’s how these remarkable technologies are already revolutionizing supply chain management.
7 ways machine learning is improving supply chain management
1) Logistic solutions
Particularly when it comes to resource scheduling systems, machine learning algorithms are driving the next generation of logistics technologies. An April 2019 report from McKinsey predicts that “machine learning’s most significant contributions will be in providing supply chain operators with more significant insights into how supply chain performance can be improved, anticipating anomalies in logistics costs and performance before they occur.”
2) Internet of Things
The Internet of Things (IoT)’s sensors, intelligent transport systems, and traffic data generate a tremendous variation in data sets. Machine learning has the potential to deliver increased value by analyzing these data sets, thereby optimizing logistics and ensuring that materials arrive timely.
Additionally, machine learning can reduce logistics costs by uncovering patterns in track-and-trace data captured through IoT-enabled sensors. A December 2018 study by Boston Consulting Group determined that pairing machine learning (specifically Blockchain) with the IoT can contribute to cost savings of $6 million per year.
3) Preventing privileged credential abuse
A recent article in Forbes points to privileged credential abuse as “the leading cause of security breaches across global supply chains.” Machine learning can prevent these abuses by verifying the identity of anyone requesting access, as well as the context of the request and, most importantly, the risk associated with the access environment.
4) Reducing fraud potential
In addition to reducing risk and improving product and process quality, machine learning can reduce the potential for fraud in the supply chain. For example, machine learning startup Inspectorio is a solution to the problems “that a lack of inspection and supply chain visibility creates, focusing on how they can solve them immediately for brands and retailers.” Their algorithm provides insights that instantaneously reduce the risk of fraud.
5) Reducing forecast errors
According to a recent report from Digital/McKinsey, “Lost sales due to products not being available are being reduced up to 65% through the use of machine learning-based planning and optimization techniques.” The same report observes that “inventory reductions of 20 to 50% are being achieved today when machine learning-based supply chain management systems are used.”
6) Detecting inconsistent supplier quality levels
Machine learning can help manufacturers combat one of the biggest problems they face today, namely a lack of consistent quality and delivery performance from suppliers. These technologies can quickly detect and address errors, as well as determine highest and lowest performing suppliers.
7) Preventative maintenance
Preventative maintenance is a tremendous strategic asset for the supply chain. And, when paired with machine learning, it “allows for better prediction and avoidance of machine failure by combining data from the advanced IoT sensors and maintenance logs as well as external sources,” according to the same Digital/McKinsey study mentioned above. Not only that, “asset productivity increases of up to 20% are possible, and overall maintenance costs may be reduced by up to 10%.”
The bottom line: machine learning is reinventing supply chain management
Not only has machine learning already realized tremendous value for the supply chain, but the very nature of this technology means that the possibilities are virtually endless. Algorithms continue to become more sophisticated, and, as new challenges arise, machine learning grows and evolves to meet them.
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by Fronetics | Jun 11, 2019 | Blog, Content Marketing, Logistics, Marketing, Social Media, Supply Chain
An effective social media strategy requires data. Here are our 10 favorite social media analytics tools to empower you with insights that will boost your social media game.
Highlights:
- Hootsuite and Sprout Social are all-around social media management tools that offer analytics.
- Google Analytics is an overall powerhouse tool to track the performance of all your digital assets.
- Newcomers to the list include Awario, Squarelovin, Keyhole, and image analytics tool PixL.
At Fronetics, we believe in a data-driven approach to digital marketing. A solid analytical framework has the potential to offer insights that will shape and refine your strategies, increasing your ability to generate, nurture, and convert leads. We’ve pulled together 10 of the best social media analytics tools to help you determine what’s working and what’s not — and to empower you to develop a data-driven strategy.
Our 10 favorite social media analytics tools
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1) Hootsuite
There are so many tools out there, and our internal list of the best social media analytics tools often shifts. But there are a few platforms that always make the list, and Hootsuite is one of them. It’s one of the most popular social media management tools for a reason – it’s a powerhouse that can manage tasks from scheduling social media publishing to measuring social media ROI.
Hootsuite gives you key metrics from Twitter, Facebook, and Instagram with audience and post insights, as well as performance data. It packages all the data in approachable charts and graphs. One of our favorite features is the AutoSchedule tool, which lets Hootsuite determine the optimal time to post or tweet based on when similar content performed well in the past.
2) Google Analytics
Another of our perennial favorites, Google Analytics is a robust platform that can provide deep and detailed insights into how your audience is interacting with your digital assets, including social media. This is one of the best social media analytics tools out there, and we’ve written extensively about how to get the most out of it.
For social media analytics, we particularly recommend three custom reports: Best Days to Post on Social Media, Best Time to Post on Social Media, and the Social Media Traffic by Date and Hour. These three reports offer real-time data, along with the in-depth insight you need to help your business optimize its social media strategy.
3) Awario
Awario analyzes online mentions of your business and gives you statistics on mention growth, reach, mentions’ languages and locations, mention sentiment, and where on the web mentions are occurring. We particularly appreciate that the tool also identifies social media users who have used your keywords and provides you with a list of social media influencers in your specific area.
Benchmarking your social media marketing strategy against your competitors is key to understanding how you’re doing. Awario lets you create alerts for your main competitors and offers you a step-by-step comparison of your social media performance against theirs.
4) Snaplytics
While all-inclusive tools like Hootsuite and Google Analytics are excellent for evaluating your overall social media strategy, we also recommend a few tools that focus on specific platforms. Snaplytics hones in on Instagram and Snapchat, including offering insights on Instagram Stories.
For both networks, Snaplytics shows you which acquisition methods are performing best for your business, as well as what precipitates rises and falls in engagement levels. Snapchat can be a tricky platform for brands, and Snaplytics provides the kinds of insights you need to make inroads on this millennial-dominated network.
5) Squarelovin
We’ve written extensively about how supply chain companies can make the most of Instagram and Instagram Stories. Squarelovin is an analytics tool specifically for Instagram that provides you with the data you need to optimize your strategy. It tracks likes and followers, reviews post performance, and measures overall profile engagement.
One of the best social media analytics tools for Instagram out there, Squarelovin highlights the best times to post, ideal filters to use, and most popular hashtags. It also gives you a history of engagement with your posts, broken down by hour.
6) Keyhole
This social media monitoring tool offers up deep analytics for Twitter and Instagram. Keyhole will show you the total number of posts that include your target keywords, as well as how mention volume has changed over time. It displays engagement data, hashtag usage trends, sentiment metrics, and reach statistics.
Influencers are key on Instagram and Twitter, and influencer marketing should be part of your social media strategy. Keyhole provides insights into influencers and trends in your specific niche, along with audience demographics and locations.
7) Union Metrics
Union Metrics analyzes a range of metrics from Twitter, Facebook, and Instagram. Like Hootsuite, it lets you know which content is performing best across each platform, the times when your audience is most active throughout the day, and who your key influencers are.
What really sets Union Metrics apart is in its potential for optimizing content creation. The tool goes above and beyond by tracking relevant trends to help you generate ideas for new content, based on hard performance data.
8) Sprout Social
Sprout Social is probably Hootsuite’s biggest competitor, and it’s another of our frequent favorites. Like Hootsuite, it’s an all-around social media management tool that provides key analytics as well. It measures performance and engagement across Facebook, Instagram, LinkedIn, and Twitter and benchmarks your data against competitors.
Sprout Social also helps you identify your highest performing content and determine why it has performed well. It can also show you how your paid ads are performing through a comparison of paid versus organic impressions and followers gained.
9) Sotrender
This formidable social media analytics tool shows you where conversations about your brand are happening, which of your content performs best, and how your audience engages with your social media content. Sotrender analyzes Twitter, YouTube, Facebook, and Instagram and makes it easy for you to benchmark your efforts against your competitors.
We like any tool that not only offers data but gives you advice for improving your strategy. Sotrender offers customized tips on where your marketing strategy needs improvement, based on the analysis it performs.
10) Scraawl PixL
As the internet, and social media in particular, becomes more visual, experts have pointed to a dearth of analytics tools with the capability to perform rich analysis on images. Scraawl PixL is a relatively new kid on the block, and it’s attempting to fill the void when it comes to image-based analytics.
This high-fidelity, cloud-based video and image processing exploitation tool offers an easy-to-use interface, as well as workflows for analyzing video and image data from online digital platforms. It relies on machine learning-based algorithms that enable face detection and recognition as well as object detection, tracking, and classification.
What are your favorite social media analytics tools?
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by Fronetics | May 29, 2019 | Blog, Content Marketing, Data/Analytics, Marketing
These Google Analytics reports are crucial to understanding the visitors who are browsing your website and how you are more likely to get them to convert.
Highlights:
- Audience reports tell you who is visiting your website.
- Acquisition reports convey how are users getting to your website.
- Behavior reports show what visitors are doing on your website.
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Your website is your best opportunity to convert digital prospects into leads. But how can you learn who is browsing your website and what they are doing while they’re there? Most importantly, how can you get more of them to convert? Here’s where tools like Google Analytics can help.
Google Analytics is one of if not THE most comprehensive analytics tools available to digital marketers. But it can be very overwhelming if you don’t know how to navigate it. So, we’ve come up with the 3 Google Analytics reports you should be running if you want to understand how to get more visitors to convert on your website.
But, first, let’s start with the basics.
Understanding Google Analytics
At a fundamental level, Google Analytics helps you understand and make decisions based on the traffic that comes to your website. This free tool is a powerhouse that uses a JavaScript code to collect data surrounding how users interact with your website. It then processes that data and generates customizable reports for you within the platform.
[bctt tweet=”This free tool is a powerhouse that uses a JavaScript code to collect data surrounding how users interact with your website. It then processes that data and generates customizable reports for you within the platform.” username=”Fronetics”]
I should say: the data you gain from Google Analytics is all the richer if you begin by setting up Goals on the platform. This way, Google Analytics can go to work for you, measuring how well your website is fulfilling your specific objectives. If you start by properly setting and configuring your goals, Google Analytics can provide you with critical information that’s specific to your strategy. Of course, you can always add to or adjust your goals, as you collect data.
Getting the most out of Google Analytics can empower you to make improvements to your website based on the data it collects for you. The more information you have about your site and its traffic, the more you can make adjustments to meet your objectives. Furthermore, the insights you gain from your metrics can help shape future objectives, to improve user experience on your site.
3 Google Analytics reports that are key to getting the most out of the platform
Using Google Analytics, you can gain insight into some of the most important questions surrounding user engagement with your website. In particular, these 3 reports are helpful in getting the most useful data for understanding lead conversion opportunities:
- Audience reports: Who is visiting your website?
- Acquisition reports: How are users getting to your website?
- Behavior reports: What are website visitors doing on your website?
Here’s what you need to know about each report.
1) Audience reports
As you create and publish content on your website, you need to know who’s reading/watching/viewing/listening to it. With Google Analytics, you can get information about your audience such as age, location, gender, interests, and other behavior.
As users are increasingly engaging with websites on mobile devices, we often encourage clients to monitor the Mobile report as well as other audience demographics. This report shows you what percentage of your audience comes from a mobile device, as compared to a desktop or tablet. You need this information, particularly because mobile device users tend to have different behavior and goals from those on desktops. If your traffic is heavily mobile, your site needs to be optimized for these visitors.
We also encourage clients to make use of Google Analytics’ audience benchmarking reports. These reports allow you to compare your results with aggregated industry data, giving you the context you need to set targets. Benchmarking can also give you insights into industry-wide trends and help you determine how you’re doing as compared to your competitors.
2) Acquisition reports
Knowing how visitors are getting to your website will empower you not only to improve your site, but to make strategic decisions surrounding your other digital channels. Google Analytics offers acquisition reports that provide insight into where your visitors originated from. Users may be finding your website through search engines, social networks, website referrals, and more.
Use the Acquisition Overview to get a quick overview of the top channels that are funneling visitors to your website. You can also see associated acquisition, behavior, and conversion details for each of these channels. If you have your Google Analytics Goals in place, the Acquisitions Overview report will display how well each channel is driving conversions.
Next, take a deeper dive in the Channels section, which gives you rich information about each of your channels. For example, if you click on the “Organic Search” channels, Google Analytics takes you to the Keywords report, which lets you know how you’re faring with specific search queries. Clicking the “Direct” channel will take you to the top landing pages for direct site visitors, and “Social” shows you your top-referring social networks.
3) Behavior reports
Once visitors are on your site, what are they doing there? If you’re getting the most out of Google Analytics, you can see how visitors move through your site and interact with your content – and, in turn, you can be strategic about optimizing your website for conversions.
Start with the Behavior Overview. Here, you’ll find a graph of the amount of traffic your website receives, as well as additional metrics such as Pageviews, Average Time on Page, Bounce Rate, and more.
For more insight, the Behavior Flow report shows you the path users typically take on your website. You can see the first page they view, all the way to the final page they typically visit before exiting your site. Here, you’re getting a visual of how long visitors stay on your website — and learn a bit about why they leave.
The bottom line: Google Analytics reports help you optimize your website
Data empowers you to make informed decisions and tailor your strategies to meet your objectives. Not only that, data can help you determine your objectives in the first place. Google Analytics is perhaps the most robust tool out there for gathering information and insights into essentially every aspect of your website. Make sure you’re making use of it.
What Google Analytics reports have you found most helpful?
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by Fronetics | May 1, 2019 | Blog, Content Marketing, Logistics, Manufacturing & Distribution, Marketing, Social Media, Supply Chain
We get many queries from manufacturers about social marketing — mostly, why and how should I use it — so here are our answers to the most-popular questions manufacturers ask about social media.
Highlights:
- Facilitate networking opportunities, thought leadership, and prospect/client relationships.
- Consider using popular platforms like YouTube and Instagram to engage users and drive website traffic.
- Don’t use social media to push your products.
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B2B operations have increasingly embraced social media as a strategic marketing tool. In fact, 9 out of 10 companies are active on at least one platform. But manufacturers, in particular, have been reticent to jump on the social media bandwagon.
If your manufacturing operation isn’t making use of social media as a tool to engage with your audience, you’re missing out on big lead generation potential. Manufacturers like the Dow Chemical Company, ArcelorMittal, and CAT Products are among those that have figured out how to harness the power of social media.
To help you launch or refine your efforts, we’ve put together the following answers to the most-popular questions manufacturers ask about social media.
Why should manufacturing companies be on social media?
There are three major reasons that manufacturing brands should be all over social media:
- Establish thought leadership
- Network within the industry
- Develop and sustain client relationships
Notice that none of these involve selling products. As with content marketing in general, good social media marketing isn’t about pushing your products.
[bctt tweet=”The value of social media for manufacturers is in its potential to establish and expand thought leadership and to cultivate meaningful and fruitful relationships within your industry and among prospects and clients.” username=”Fronetics”]
To make the most of social media as a marketing tool, abandon the idea that it’s about blatant sales pitches. Instead, approach it from the perspective that it’s an inherently social tool – that is, its value for manufacturers is in its potential to establish and expand thought leadership and to cultivate meaningful and fruitful relationships within your industry and among prospects and clients.
Which social media platforms should manufacturers be using?
Not all social media platforms are created equal. Each requires its own strategy, content format, and media. We recommend that manufacturers consider these five platforms:
1) Facebook
Facebook is an excellent place to share content with a wide segment of your audience, to promote engagement (through likes, comments, and shares), and to engage with peers and prospects. Not only that, the savviest marketers are using Facebook to understand their industry better – everything from strategies of peer brands to a fuller picture of your target buyer persona to the informational or product needs of your prospects.
2) Twitter
Twitter’s format is about brief, pithy content, used to engage with and inform your audience. This is an ideal place to let customers know what you’re planning next, to establish your corporate personality, and to let your audience in on a slice of your day-to-day operations and values.
3) YouTube
Video marketing for manufacturers is skyrocketing. With video being the most popular form of content online today, YouTube is an obvious choice for marketers. Whether it’s “how to” videos, footage of your operations, or interviews with subject-matter experts, your brand should be using YouTube to drive search traffic and educate prospects.
4) LinkedIn
B2B marketers unequivocally rank LinkedIn as the most effective network for lead generation, follower engagement, and traffic to their websites. An ideal place to engage with industry leaders, LinkedIn is also great for distributing content to a focused audience.
5) Instagram
The popularity of this highly visual platform has continued to skyrocket – it’s currently the second-most-used social media platform (up from fourth just two years ago). And believe it or not, this picture-based network is a powerhouse for B2B brands. We’ve written extensively about how brands can leverage Instagram and Instagram Stories. Suffice it to say, this is a perfect place to post your most engaging visual content and actively engage with followers.
How can manufacturers be effective on social media?
As with any content marketing effort, a well-thought-out social media strategy is a big part of success. As you create and begin to implement your strategy, start with these five tips.
1) Listen.
Before you post even a single piece of content, start by listening to your audience. In the days before social media, marketers had it much harder when it came to determining audience needs and preferences. Use these platforms to research your target prospects, as well as how competitors are engaging followers. Make note of the questions your target audience has, frustrations or challenges they express, and what types of content they engage with.
2) Focus on offering value.
You’d be surprised how many manufacturers neglect to place a premium on simply being useful with their social media content. It’s not complicated: If you post relevant, valuable content for your target audience, you’ll boost engagement, grow brand awareness, and generate and convert more leads.
3) You don’t have to reinvent the wheel every time you post.
One of the great things about social media is that it rewards not only content creation, but content curation. While you do want to be posting original content most of the time (experts recommend about 60%), a good chunk of your posting activity should include curating relevant content from third parties to share with your followers.
4) Be creative.
Separating yourself from your competitors can be a challenge, but it’s one worth striving toward. Start by asking yourself what makes your operation unique, what’s special about your process, what industry-leading expertise does your executive team have, what unusual perspective can you offer? Next, start breaking these four rules.
5) Learn from your successes and setbacks.
There are many tools out there to help you track the results of your social media efforts. Determine the right KPIs for your business and keep track of your results relentlessly. These metrics will allow you to study your impact and frequently tailor your strategy accordingly.
It’s time for manufacturers to fully embrace the marketing potential of social media. Whether you create and implement your own strategy, or decide to outsource your social media efforts, social media is a powerful set of tools that manufacturers should be harnessing.
Are there other questions manufactures ask about social media that we missed? Let me know in the comments.
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