In my last blog post we discussed How Social Commerce will lead to Advocacy Based Marketing (ABM) because of things like Facebook Connect. And if we start to move to Advocacy Based Marketing ( ABM) then perhaps a new measurement–the Cost per Advocate model will need to be born.
Cost per Acquisition (the old CPA) has been around since the dawn of the internet. Those unwilling marketers like me who were not willing to pay the Internet bubble prices for CPM (cost per thousand) impression based model demanded a more accountable model from our media partners and CPA (cost per acquisition) was born.
Now with the new era of Social Commerce about to dawn then perhaps advertisers will want to BUY targeted ads based on social profile of an individual. The stronger the profile of an individual the higher the price it will be to reach them. Like keywords–perhaps there is a bidding process for these individuals that rank highly on influence for a particular topic.
With something like Facebook Ads you can already target your message based on real data, real tastes, stated likes and desires so perhaps the next iteration of Facebook ads will have a way to segment based on influence–if you have 5, 50, 500 or the max 5000 friends–why should all of those profiles cost the same? All Facebook needs to do is add a feature that targets 500 friends or more and charges you a premium price!
One thing is for sure–we have a long way to go when it comes to social media marketing and this is just another frontier that we have yet to discover.
Did you like this article?
Know someone who would enjoy it too? Share with your friends, free of charge, no sign up required! Simply share this link, and they will get instant access…
Know someone who would enjoy it too? Share with your friends, free of charge, no sign up required! Simply share this link, and they will get instant access…
Content Articles
You may like these other MarketingProfs articles related to Content:
- What Is Ghostwriting? [Infographic]
- Google's SEO Policy Changes, Gen AI, and Your Marketing and Comms Content
- 10 Common Content Marketing Mistakes (And How to Avoid Them) [Infographic]
- What Motivates B2B Buyers to Share Vendor Content
- Cultivating an Internal Team of Thought Leaders Will Help Promote Your Brand
- What Triggers B2B Tech Firms to Create New Content