Companies have been trying for years to ‘break the code’ with respect to leveraging social media to drive acquisitions. Posting content, sharing content, hiring influencers, being able to track the network journey of a shared post by user and sharing platform, understanding the organic referral analytics beyond the initial direct referral channel, and many other valuable insights and actions are all required to understand how to best invest your marketing spend when it comes to Social Media marketing for audience acquisition. There are several tools available that when combined, can help with a few of these things but until now, there just hasn’t been a cost-effective way to build a viral acquisition amplification strategy/ campaign that leverages existing owned and paid media to drive traffic and conversions exponentially, through multiple generations – all in a single tool/ platform.
The goal with using RYPL.io™ attached to your acquisition campaigns is to significantly increase the value of your existing media audience assets by leveraging them to organically drive more qualified traffic through existing social relationships with trusted, likeminded friends and followers. Going with the ‘300 followers’ social stat, let’s use the following assumptions:
- You have a subscriber list of 2,000
- You incentivize them to share an exciting offer with their social networks
- That offer further incentivizes those who engage to further share with their audiences
- We will use a 50% share rate and a 2% conversion-to-acquisition rate
- 1,000 people will share, your reach will grow to 300,000 and you will acquire 6,000 at the direct level.
- If 50% of those direct referral acquisitions share (3,000), your reach would further increase by 900,000 and you would acquire an additional 18,000 at the 1st indirect level.
- 50% at that level who share (9,000) would increase your reach even further by 2,700,000 and further generate 54,000 new acquisitions.
- Rinse & Repeat…
So by starting with existing media and not using any paid media, you were able to generate 78,000 new acquisitions – but you would only be charged for the initial 6,000 direct referral acquisitions. At a CPA of $25, your Amplification CPA is actually reduced to $1.92!
All of the resources to do this in campaign after campaign are included in the RYPL.io™ platform and you can run as many campaigns as you can manage.
This is how you use one pay-for-performance platform to redirect your paid media budget from limited acquisition channels to a single, virtually unlimited acquisition program.