"Colourtext always take a fresh approach to discovering hidden patterns in data. Whether you want to conduct segmentation or mine your CRM for deep insights, they will help you see your customers , and what they are seeing , in new ways."
Using the promotional Facebook activity of local advertisers to identify media sales leads.
Client: Bauer Media
Project: Using Facebook data and machine learning to capture new business leads for media sales teams
Project Design: Colourtext
Data sources: Facebook posts issued by local advertisers
It's a truism in Ad Land that only celebrities and local advertisers get useful organic reach from Facebook. A small business can get in front of more people with a single $500 Facebook ad than Coca Cola reaches through an organic post to its millions of followers.
With this in mind Colourtext has partnered with Bauer Media to develop a Local Advertiser Analytics dashboard. It's objective is to generate new business leads for Bauer's media sales teams. The leads are derived from Facebook posts authored by small and medium enterprises (SMEs) that operate within the transmission areas of Bauer's many local radio stations throughout the UK.
Colourtext’s local advertiser Facebook analytics dashboard uses machine learning to capture organic Facebook posts authored by local companies and sift them for information about price cutting, seasonal offers, new product launches and store openings. This dashboard illustration covers advertiser Facebook activity in Scotland. It has 3 dashboard tabs to explore - toggle between the arrows at the bottom of the screen to view them.
Local companies use Facebook all the time to engage and connect with their local customer base. Our system uses a machine learning algorithm to capture this material and sift it for information that indicates a company is trying to drum up interest in a new product or service and could therefore benefit from a radio campaign. When a Facebook post is selected for further action it uses post code and business category information to deliver the lead (via Bauer's CRM system) directly to the correct sales executive.
Potential media sales opportunities are tagged with at least one of the 18 marketing propositions our system automatically detects, such as Sales & Discounts, Launches & Announcements and Current Offers & Deals etc. This tells us when different categories of SME are focusing on price cutting, seasonal offers or new product launches to drive business growth. We use the dashboard to monitor the health and performance of system performance and understand how regional SMEs are fairing, especially under lockdown.
If you'd like to discuss how our Local Facebook Analytics capability can be developed to help your business please drop us an email and we'll get right back to you.