Wow, it feels like forever since I wrote a blog post about marketing and this week’s blog is a little different than normal. I had previously written and saved a post about email platforms and their pitfalls, however that changed. Hang on tight, I’m having a ‘geek’ moment with this topic and yes, I had Cindy edit it since I get a little ‘uhm’ focused…
While doing some research in class, I came across a definition that resonated with me, that I immediately applied to Social Marketing: regression analysis in business. Personally, I found a simple definition that breaks it down and makes it easy to understand. According to Hunkar Ozyasar (2019) "Regression is a statistical tool used to understand and quantify the relation between two or more variables. Regressions range from simple models to highly complex equations. The two primary uses for regression in business are forecasting and optimization. In addition to helping managers predict such things as future demand for their products, regression analysis helps fine-tune manufacturing and delivery processes."
I am always trying to optimize the results that we provide for our clients, one example would be their social media marketing. Recently, the same shift that I have seen happen over the past 11 years is taking place, optimal posting time changes. By analyzing the data, I am better able to determine when the best time to post is, which puts the customers information about their products or services out at the peak times when their followers would see it, which impacts the delivery of network posting. This posting shift happens throughout the year and will shift again before 2019 is over.
At Personalized Marketing Inc, we do analytics on social networks that we monitor and then use that information to determine how well we are doing our jobs. The information is also used to base what days and times are best for posting. It can also provide useful information about network peak time shifts. Now those who live on their social channels probably won’t notice that there is a time the network is slower than others. They may also not notice that some days are more active than other days, but for those who are using social networks to reach current and future connections, they just might.
The time of year, the season, the holidays, current events and even weather can play a ‘huge’ roll in whether that awesome post you wrote gets seen. Just because it sits on your timeline or on your business page does not mean that it reached the target audience. So, let’s use Facebook after work… Just like your target audience you get a ton of notifications of things you have missed. Now you might click every single one and check them all out but while you are that notorious feed is still going strong. Or if you are on your phone, you click that notification, check it out, then bam you are scrolling through another page. What happened to all those other notifications, if you notice the number count is gone! They are still there but the reminder is missing until a new notification comes back. Sure, your phone might have told you that you had 25 notifications, but you went down the pathway towards somewhere else following just one. Guess what? So did your target audience. Paying attention to when, what channel, what content and how to reach your target audience is all hidden inside that important data. Knowing what’s trending now is important, knowing your networks history is just as important!
I hope you found the blog useful and for those other entrepreneurs check out Small Business at Chron, they have some great information.
Ozyasar, Hunkar (2019) Application of Regression Analysis in Business. Retrieved from https://smallbusiness.chron.com/application-regression-analysis-business-77200.html
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