Identifying the different types of media and how to use them
Once you have content you have now to know how and when to use it in the most efficient way. In Social Media marketing there are four media concepts.
- Owned Media: Your website, blogs, emails, media that you control.
- Shared Media: Social Media platforms such as Facebook, Instagram, Twitter, Pinterest etc… where you post your content. Shared refers to the likes and shares you get from others on those platforms.
- Paid Media: All advertising that you pay for, paid ads on social media platforms such as Facebook, Instagram.
- Earned Media: Media you are getting when others recognize and promote your content for you and is showcased in some way or reshared. Influencer review, customer show became brands advocates, traditional PR and media relations.
So, which one is the most efficient? The answer is all of them or rather, a mix of all of them. Unfortunately, you have no sure way to guarantee that your content will be seen, shared and that it will generate future customers. It is necessary to leverage paid, earned, owned and shared media tactics to boost your chances.
Owned and paid media should get 60% to 75% of your budget as they are the ones you have the most control on. The ease of use, reliability, efficiency, automation and the ability to collect data every step of the way helping to make better decisions incite companies to rely more and more on technology for marketing as it maximizes their ROI.
Owned media, as previously mentioned refers to all the content online that you create and control. It includes websites, landing pages, podcasts, videos, emails etc. Because you control it entirely you can be as innovative and creative as you want as long as you think it is appropriate for your audience. Added benefit is that it’s letting you frame the context for the media. For example, you can elaborate very sophisticated email marketing campaigns that has the right personalized message or create an out of the box media piece that will get significant attention.
Paid media includes traditional advertising as well as others forms such as retargeting, paid ads etc..