Retailers boost efforts, get 36 percent of total impressions.
While Google+ gains millions of users, companies are knee deep in Facebook marketing. According to research released today by TBG Digital, the number of paid brand advertising campaigns rose 104 percent in Q2 when compared to Q1.
The Q2 study found retailers to be the fastest-growing marketing sector in Facebook advertising, accumulating 36 percent of all impressions. The second-fastest growth spurt involved finance and credit card campaigns, while jobs and education also saw dramatic gains.
In measuring campaigns for the study, conversions included everything from purchases to registering for loyalty cards to RSVPing for events. TBG's report states there was a 435 percent improvement in conversions when brands targeted existing likes or fans compared to when they did not.
As found by an Efficient Frontier study published last week, TBG's data reveals that Facebook advertising is getting more expensive. Reflecting campaigns run in the U.S., U.K., France, and Germany, CPM rates rose 45 percent year-over-year in Q2, while cost-per-click jumped 74 percent.
And the report seems to give credence to Facebook's recent trumpeting of its Sponsored Stories ad option as a sales converter. Sponsored Stories decreased cost-per-acquisition by 32 percent in Q2, TBG Digital said.
To arrive at the numbers, the London-based Facebook marketing vendor used a subset of total data across 167 clients, including 200 billion impressions. TBG Digital said the research was audited by the University of Cambridge's Psychometrics Centre.
What's New for 2015?
You spoke, we listened! ClickZ Live New York (Mar 30-Apr 1) is back with a brand new streamlined agenda. Don't miss the latest digital marketing tips, tricks and tools that will make you re-think your strategy and revolutionize your marketing campaigns. Super Saver Rates are available now. Register today!
Christopher Heine was a senior writer for ClickZ through June 2012. He covered social media, sports/entertainment marketing, retail, and more. Heine's work has also appeared via Mashable, Brandweek, DM News, MarketingSherpa, and other tech- and ad-centric publications. USA Today, Bloomberg Radio, and The Los Angeles Times have cited him as an expert journalist.
Singapore, 3-4 November
Hong Kong, 8-9 December
Hong Kong, 8-9 December
Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.
5 Ways to Personalize Beyond the Subject Line
82 percent of shoppers say they would buy more items from a brand if the emails they sent were more personalized. This white paper offer five tactics that will personalize your email beyond the subject line and drive real business growth.