What Can Memes Do For You?
Dysrupt is a 💎✋ marketing firm and not above the occasional meme trend. With all the news of r/wallstreetbets, RobinHood, $GME, etc. we want to take a step back and deep dive on this often used internet term with an interesting history - *meme.
Origin
Meme as a term predates internet culture. Originally coined by Richard Dawkins in 1976 in his groundbreaking book The Selfish Gene.
Dawkins conceived of memes as the cultural parallel to biological genes and considered them, in a manner similar to “selfish” genes, as being in control of their own reproduction and thus serving their own ends. Understood in those terms, memes carry information, are replicated, and are transmitted from one person to another, and they have the ability to evolve, mutating at random and undergoing natural selection, with or without impacts on human fitness (reproduction and survival). - link
Dawkins himself defined meme as a noun that "conveys the idea of a unit of cultural transmission, or a unit of imitation."
The Selfish Gene was groundbreaking due to meme kicking off a deeper investigation in **academia around the extent of evolutionary processes that are unrelated to genes.
Memes though are units of cultural significance. If they are repeated then they carry more significance than those that fail to replicate.
Here is a silly example: the cleaning crew in a hotel folding the toilet paper into a triangular shape is a meme. This happens worldwide now - even in some gas station bathrooms - and is an artifact of culture. It is a transfer of information in the network of humanity. This is a recent invention of culture which now carries a significance. Namely that the room was cleaned by a professional who spared no expense as they even decided to fold the toilet paper end into a small triangle.
In this light, the modern use of meme just being easily shareable phrases, images, gifs, etc. is a limited use of the term. It can extend to anything that is imitated within culture. Everything from the mundane - Fork, Knife, Spoon placement on a table - to the absurd - Qanon.
r/WallStreetBets and Community
We are a marketing firm and the recent explosion of meme stocks has been a fascinating watch in the power of community and how it empowers a movement. If you are in the business of brand building, you are trying to gain attention and direct it to action.
r/WallStreetBets created a movement of directing a group of disjointed individuals via the glue of memes. These memes allow the group to have a shared language and jokes that bond via an in group mentality. Their “units of imitation” are simple to replicate and share.
The brazen ridiculousness of all the terms makes them even more mockable which requires sharing and imitation and bonding of the in-group.
I’m an Advertiser and Don’t Care about Stonks
Budweiser made a meme with its “Wassupp” ad. TikTok’s Duet feature and many other product features on platforms are meme engines. (Memegins?) Share buttons are littered throughout the internet. Every piece of content screams to be replicated.
Yes r/WallstreetBets has a lot of weird language but after about 15 minutes you’ll start typing 🚀 🌕 with little thought and will start judging the 📜 ✋ in the midst who cost you tendies.
Easy to imitate and through the imitation the group improves upon the original idea. The successes are repeated and become even more shareable and immitatable. This is the evolutionary process Dawkins keyed into. Failure is easy to define as it is just content that is not replicated and shared.
The flywheel is that the sharing and imitation increases further sharing. Understanding how to bring this to your brand, your community, can be key to kickstarting your own movement.
What’s the Difference Between a Bad, Good and Great Story?
Bad stories are forgotten. Good stories are remembered. Great stories are retold.
The retelling and sharing within culture is the power of brand advertising.
In fact, this might be the easiest way to differentiate between brand and direct response ads. Direct response ads are judged on product sales and perhaps help define a brand.
Brand ads should be judged on the great story criteria - are they retold? Shared? Imitated? Sales will come from causing this replication.
* How to pronounce: meme rhymes with gene.
** Aaron Lynch in his book Thought Contagion defined 7 patterns of transmission for memes: Quantity of parenthood, Efficiency of parenthood, Proselytic, Preservational, Adversative, Cognitive, Motivational.
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Facebook Ads Bidding Strategies can either make or break your advertising campaign. If you've been struggling with getting the best results, understanding the benefits and drawbacks of each strategy can save you both time and money. The right bidding strategy can help you reach your target audience more effectively and get the most out of your advertising budget.
Each bidding strategy has its unique benefits and challenges. Some are great for maximizing visibility, while others prioritize cost-efficiency. Choosing the right one depends on your specific goals, whether that's more clicks, better engagement, or higher sales. Knowing the pros and cons of each strategy will help you make informed choices that benefit your business.
This article will guide you through five key Facebook Ads Bidding Strategies. You’ll learn about their benefits, drawbacks, and how to pick the one that suits your campaign objectives. By the end, you’ll have a clear understanding of which strategy will help you achieve your advertising goals effectively.
Understanding Facebook Bidding Mechanics
Facebook bidding is essential for advertising success. It involves auctions where advertisers compete for ad placements. Understanding key elements like Auction Dynamics and Different Bidding Strategies is crucial.
Auction Dynamics and How Bids Work
In Facebook's auction, ads compete based on bids, estimated action rates, and ad quality. Bid represents how much you're willing to pay for a specific action (like clicks, views, or conversions). The Cost Per Result adjusts based on competition.
Bid Cap lets advertisers set a maximum bid. This ensures spending control but may limit campaign reach. Meta bidding strategies, like Lowest Cost and Target Cost, help optimize for specific goals, balancing cost and performance.
Factors influencing the auction include:
- Bid amount
- Ad relevance
- Estimated action rates
Exploring Different Bidding Strategies
Advertisers can choose from several Facebook bidding strategies. The Lowest Cost strategy aims to get the most results for the lowest price but may lack spending control. The Cost Cap strategy helps maintain an average cost while driving results.
The Bid Cap strategy is useful for high-control needs, letting you set the max bid per action but it might restrict delivery. Target Cost aims for a stable cost per action, ideal for steady budget planning.
Choosing the right strategy depends on your campaign goals, budget, and desired Cost Per Result. Evaluate each option to find the best fit for your needs.
Implementing Bidding Strategies for Campaign Success
Successful implementation of bidding strategies can drive better results and optimize ad spend. Key factors include setting appropriate bid caps, maximizing returns using ROAS goals, and balancing volume and value.
Setting the Right Bid Cap for Your Campaign
Setting the right bid cap involves determining the maximum amount you are willing to pay for a result. This ensures costs don't exceed the budget. Bid caps can help control spending and improve efficiency.
- Analyze past performance: Review historical data to identify the highest bid that achieved desired results.
- Adjust as needed: Be flexible to change bid caps based on real-time campaign performance.
- Consider the competition: Higher bid caps might be necessary in competitive markets.
Maximizing Returns with ROAS Goals
Use the Return on Ad Spend (ROAS) bid strategy to drive maximum returns. ROAS goals ensure that every dollar spent on ads generates a specific amount of revenue.
- Calculate target ROAS: Set a realistic ROAS based on past campaigns.
- Monitor and tweak: Regularly check ad performance and adjust your ROAS goals to meet revenue targets.
- Balance quality and cost: High ROAS might limit reach, so find a balance between cost and quality.
Balancing Volume and Value in Bidding
Balancing volume and value helps achieve the right mix of reach and profitability. Consider using both Highest Volume and Highest Value strategies.
- Highest Volume: Bids are set to get the most conversions, good for awareness and large-scale campaigns.
- Highest Value: Focuses on getting the highest-value conversions, suitable for targeting high-value customers.
By carefully implementing these strategies, advertisers can meet their campaign goals effectively.
5 Facebook Bidding Strategies: Benefits, Drawbacks, and Selection Guide
Static ads and dynamic ads serve different purposes in the world of marketing. Static ads are simple and stay the same at all times. They are easy to create and can be effective for straightforward messaging. But dynamic ads offer customization, changing their content to fit the audience's preferences and behaviors.
Dynamic ads might seem complicated, but they bring better results by targeting specific groups with personalized messages. This means higher engagement rates and more conversions. Static ads, on the other hand, are less effort to produce but may not capture attention as effectively.
Deciding between static and dynamic ads depends on the brand's goals and resources. Each has its strengths and can be powerful if used appropriately in a marketing strategy.
Understanding Static and Dynamic Ads
Static ads and dynamic ads serve different purposes in digital marketing. Each has unique features and benefits that cater to varied marketing needs.
Exploring Static Image Ads
Static image ads are straightforward. They are typically still images that do not change once created. These ads are ideal for conveying a clear, unchanging message or brand image.
A static image can include text, graphics, and logos, and is often used on websites and social media platforms.
Advantages of Static Images
- Consistency: The message remains the same, which can be useful for brand recognition.
- Simplicity: They are simple to create and often cost less than dynamic ads.
- Predictability: Once the ad goes live, what you see is what you get.
Unpacking Dynamic Advertising
Dynamic ads are more complex. They can change content in real-time based on user data and behavior. Unlike static ads, dynamic ads can alter images, text, and calls to action depending on who is viewing the ad.
Benefits of Dynamic Ads
- Personalization: Content can be tailored to each user, potentially increasing engagement.
- Flexibility: They can show different messages to different audiences without creating multiple ads.
- Efficiency: They adapt to user preferences, making the ad experience more relevant.
Comparative Analysis and Use Cases
Static and dynamic ads offer different benefits and limitations. This comparison will help you understand where and how to use each type effectively in your marketing strategy.
Static Images Vs. Videos
Static images are simple and quick to create. They load faster than videos, which is great for mobile users and slow internet connections. They allow for clear, focused messages without distractions.
Videos, on the other hand, capture attention better with motion and sound. They convey more information in a short time. Videos are more engaging and can demonstrate products or services in action.
Leveraging Opportunities for Static Ads
Static ads are useful in various scenarios. Billboards are a great example, as they need to be read quickly. Print ads in magazines and newspapers also benefit from static images. Online banners are often more effective when static, as they load quickly and are less intrusive.
Static ads are best when the message is straightforward. They work well for short calls to action like "Buy Now" or "Sign Up." Visually, they should be clean and uncluttered to convey the message quickly.
