Standards of Excellence
Table of Contents
- Diagnose Performance at Each Stage
- Metrics to Look At
- Standards of Excellence for Facebook Page
- Standards of Excellence for Video
- Diagnose Performance at Each Stage Continued
- 8 Critical Video Metrics and How to Use Them to Improve Your Business
- #1 & 2: Video Viewing Time & Average Watch Time
- #3: View-Through Rate
- #4: Engagement Rate
- #5 & 6: Applause Rate (RCS) and Consumption Rate
- #7: Cost Per View
- #8: Relevance Score
- Relevance Scores: Your Check Engine Light
- 5 Main Types of Objectives for TikTok
- Metrics Decomposition
- What to Do If You Don’t Meet the Standards of Excellence in Any Area
- Metrics That Matter
- Conclusion
Diagnose Performance at Each Stage
- CPF: Cost Per Fan = Total cost / Number of fans
- CPM: Cost per 1000 people impressions
= Total cost of campaign / Number of impressions * 1000 - CPE: Cost Per Engagement = Total cost of campaign / Number of engagements
- CPC: Cost per Click = Total cost of campaign / Number of clicks
- CPI: Cost Per Install = Total Cost / Number of Installs
Metrics to Look At: Metrics
Metrics to Look At: Page Views
Standards of Excellence for Facebook Page
Standards of Excellence for Video
Diagnose Performance at Each Stage Continued
This deserves a quick mention as the highest average watch time on video we’ve ever seen.
Some people may show what appears to be a higher watch time on a small audience base or super long video (3 viewers of an hour long live video, for a 5-minute average watch time).
But this example is mainly paid media on a 4-minute long video.
It happens to be us boosting a video BuzzFeed made for one of our clients.
8 Critical Video Metrics and How to Use Them to Improve Your Business
- Video Viewing Time.
- Average Watch Time.
- View-through Rate.
- Engagement Rate.
- Applause Rate.
- Consumption Rate.
- Cost Per View.
- Relevance Score.
#1 & 2: Video Viewing Time & Average Watch Time
6 seconds is the average view time on Facebook.
It can’t be lower than 3 seconds since Facebook counts a view as a user seeing the video for 16 seconds or more in their feed, even if autoplay is utilized.
The longer your video, the longer your average view time, all else being equal since you’re averaging in longer views. Technically, you could have a 2-hour view time, which is the current maximum allowed on Facebook.
Get 10 seconds on your video, and you’re doing well. 15 seconds is excellent, and 20 seconds is out of this world. The best performance we’ve seen is 55 seconds on an 8-minute video. Of course, if you have just one view so far, don’t get too excited by a 2-minute average view. With more people now using Facebook Live, it will be a more common occurrence.
Your average view times won’t matter until you have at least 50 people watching. And you can’t judge Facebook Live performance based on average watch times unless you look at what happens during your broadcast versus during replays. Look only at average watch times for replay if you want an apples-to-apples comparison against your other videos.
When you boost a video, expect average watch times to fall over the next few days.
Include a screenshot of metrics that shows falling average watch times for a boosted video post.
Why? The initial people exposed to your video are the highest potential engagers, as selected by the algorithm organically to show in the News Feed.
Plus, the period directly following when the video was posted (or when you went live) is when you drive the most engagement, especially with live notifications. Advertisers often don’t know who their best audiences are, so paid efforts suffer from it.
Average watch times vary by time of day. If you have a video that is over a minute in length, run it in the evenings when people are more likely to be at home. Day-parting your ads is easy. Even if you don’t want to pay, you can still carefully choose when you post the video- to not only get maximum views, but longer watch times, though not the same quality.
In fact, I’d even take ten people watching for 30 seconds rather than 200 people watching for 5 seconds. The former are more likely to engage and buy (more on this later).
#3: View-Through Rate
View-through rate (VTR) is a derived metric, meaning that Facebook doesn’t tell you this outright. You have to calculate it by dividing views by impressions.
The average view-through rate on Facebook is 30%, meaning that, of the people exposed to a video, 30% were counted as a view. Of course, expect 86% of these to be autoplay.
The higher the autoplay ratio, the more likely you are to have mobile watchers who aren’t scrolling fast enough and the higher your reported view-through rate.
50% is fantastic, while 71% is the highest we have ever seen. Note that your VTR is often higher when you are running ads (especially if you choose the Video View objective or boost post) since Facebook is deliberately seeking out people who have shown themselves to watch a lot of videos historically.
They want to deliver against whatever business objective you’ve chosen, so this isn’t a malicious thing.
The main reason why 70% of people bail before the 3-second mark is because there is no hook to capture attention within the video. Many marketers start their video with a bumper, their logo, an animation, or worse: a still picture such as a slideshow.
There are so many tools that generate videos from a photo montage. Small businesses love the ease of creating such videos, but they rarely work. The big brands are just as guilty for posting videos that obviously look like commercials. They might not realize their average watch times and VTR metrics are getting killed.
Facebook recommends that we use real people in our videos who are saying interesting things in front of interesting backgrounds.
Include the URL to a video that successfully illustrates the best practices you are describing here.
Post something that looks like it would belong in that user’s feed. It’s seemingly obvious in hindsight, but few realize this, and even fewer implement it, and so they miss out on the rewards.
We’ve seen one-minute user-generated videos shot from the bathroom with an iPhone consistently beat $50,000 professionally made videos.
#4: Engagement Rate
Your engagement is the people who viewed the video. What percentage reacted, commented, or shared? Some people want to calculate engagement using impressions as the denominator. Even Facebook does this in your page insights section, which is why your videos seem to dramatically outperform other types of posts. However, if you do this, you’re counting a view as engagement, leading to an artificially high engagement rate of over 30% consistently.
We like to treat each view as being worth 1/5th as much as a reaction. Of course, not all views are worth the same, as we just discussed. But yes, it’s easier to get a 30% VTR on a video than to get 6% of people engaging on non-video post types, hence the 1:5 ratio. That’s why a share is worth 13 times as much as a reaction, and a comment is worth half as much as a share (so 6 times as much as a like).
And that means a share is worth 65 times more than a view. Be sure to validate this with your funnel, as your content and users are different. Not all engagement types are equal.
Video is so important to Facebook that it’s a prominent part of the user navigation. Because of this, video gets its own insights section, along with page-level and post-level data.
#5 & 6: Applause Rate (RCS) and Consumption Rate
Let’s get back to engagement. We like to take the sum of reactions, comments, and shares and divide by views. The average engagement rate is 3%, and a winning post is north of 10%.
That means that if 100 people view your video, then you want to see at least 10 create “applause,” which is a public endorsement of your video to their friends.
Usually, you can expect reactions to be 90% of engagement, especially if the video is a highlight reel, targeted internationally, is female, or has a younger demographic. Yes, female and younger means more likely to react, but that is a topic for separate articles.
Sometimes, you get more shares than reactions. If it isn’t statistical noise, then you have a “unicorn” on your hands. Boost the heck out of it, expand to similar audiences, and create more content like it.
In post insights, Facebook does break out interactions into public and nonpublic interactions. The public ones you can see are the “applause,” when people react, comment, and/or share.
The non-public engagement is called “consumption” and is primarily photo views and navigational clicks put into a bucket called “other clicks.”
When you have a gallery or multiple media in a post, expect a lot of consumptions, and potentially more applause. Total interactions are the sum of applause and consumptions. For our purposes, we care about the public applause when calculating engagement, since we have no proof yet that consumptions drive News Feed exposure. Anecdotally, you’d expect that social proof would have to be most important since people want to see with whom their friends are visibly interacting.
When your video engagement rate is over 10%, Facebook’s algorithm sees that it’s hot and will keep giving you more News Feed love. Yes, you can pay your way to get there, and it’s not unethical of Facebook to do this. After all, if someone did actually like the video, it shouldn’t matter that the original exposure was a paid one.
The follow-on engagement (second, third degree, and more) from your boosted posts are lumped into the organic bucket, by the way. So be careful of accidentally undercounting paid efforts and over-attributing to organic.
Video views = 3 seconds or more, as we discussed. Did you know that Facebook shows views for profiles as well as pages, even if you’re not admin?
One of my favorite competitive intelligence techniques is to scan through the video library of a competitor to see how much they are spending. You can quickly identify the ones that are paid since they have the most views and usually have a horrible engagement rate. Look at their average engagement rates to spot the ones that have more views than you’d expect for that level of engagement, then multiply the views on that video by 3 cents to get the approximate spend.
While you don’t have average watch time on the video as a public metric, you can guess at it pretty quickly. I’ve seen enough videos that I play a fun game (fun for me, at least) of imagining the average watch time on client videos before clicking on the post details to reveal the answer.
If you really need to know how a competitor’s video is performing and are willing to be a little gray hat about it, you could boost it against their target audiences from a quick spoof page you create. We don’t advocate doing this, but some people are in such competitive markets with such high spending that they want to know about techniques like this.
Of course, we bid on competitor keywords all day long on Google, and the engagement is not only usually non-public, but often intentionally hidden.
When I did analytics for Yahoo!, over 30% of search activity was Google, which saw the same trends consistently. And that’s not even counting looking for a divorce lawyer, how
to overcome depression, or other personal problems.
Though most actions on Facebook are not public, people behave as if they are, so the algorithm gives News Feed love in proportion to the perceived prominence of that action.
The video that may have worked for someone else might not perform the same for you because your audience is smaller, you’ve not developed social proof from many views and engagement, you’re targeting the wrong audience (especially if they are using a custom audience), or because the page name doesn’t fit.
#7: Cost Per View
Cost Per View (CPV) is what you spend divided by how many views you have. The average CPV on Facebook is $0.03 cents. However, we know that most averages lie and that context matters.
Getting views for under a penny is often a gleeful boast of a novice marketer, much like their cheap Facebook fans bought in bulk, internationally. Please do not use this as a primary metric; otherwise, you may find yourself one day promoting silly cat videos to teenagers in the Philippines.
The lower in the funnel and the more sophisticated the audience, the higher the cost per view. For example, boosting a video targeting journalists via the “dollar a day” strategy for a B2B software company might cost 10 cents a view.
If it gets you a mention in an article, helps close a deal, or generates just one good lead, then it’s worth it. That said, if your content and targeting are solid, evidenced by strong average watch times (good content) and strong view through rates (proper targeting), then CPV is a secondary, diagnostic metric.
Videos on FB are the best and cheapest way to build custom audiences. Usually, a remarketing pool will cost a dollar per audience member, since you have to pay for a click to get them to your website.
If you have the right targets and decent video, you can build remarketing pools for a couple of pennies.
The value of your video views is not based on an arbitrary CPV benchmark you read here or somewhere else. Preferably, it’s based on how well you monetize that remarketing audience to a conversion ad, email, brand searches on Google, or whatever your main conversion sources are.
Thus, the most important metric for you in video marketing on Facebook must come from outside Facebook.
#8: Relevance Score
The logarithmic scale of 1 to 10, with 10 being the highest. This uses the same logic as Google’s Quality Score. It is driven by CTR (Click Through Rate) / engagement as the primary factor rather than negative feedback, landing page quality, and so forth. Facebook shows only for ads, but we know they calculate it for all posts, boosted or not.
They used to reveal this by utilizing a News Feed point score, much like a batting average. Since video generates more engagement than all other post types, you should have higher in video, especially since Facebook counts a view as engagement.
I’ve long believed that engagement of any sort requires a click. My recommendation to Facebook has been to exclude autoplay views under 10 seconds.
There is no single bar to meet. Most people ask me for a particular number, so they can use this magic threshold to decide when to kill or add budget to an ad. Instead, you want to have at least a 6 for the top of the funnel, at least a 4 mid-funnel, and at least a 2 at the bottom of the funnel. And, yes, you can use video at every stage of the funnel.
Video will help convert and persuade users better when you add it anywhere, just like adding bacon makes everything better! If you trigger a video based on a custom audience, you might get a lower VTR and if you are using the same videos over and over or using videos that may look the same (similar thumbnails).
Burning people out on video is easy to do when your budget is high relative to the size of your audience. For example, if you are over a frequency of 2 per week per ad set, you risk burning out that audience.
All of the metrics above are your “check engine light” letting you know if one of your videos is approaching the burnout point. Instead of killing the video, usually, you can reduce the budget and keep that ad evergreen, allowing the frequency, VTR, and other metrics to stay healthy.
If this video is driven by a custom audience (perhaps folks who watched video A were on your website yesterday, or just bought something), then growing that upstream audience will let this particular video spend more and perform better. So be watchful of how audiences move down the funnel when you sequence videos together, like the bulge in a snake that has swallowed a mouse.
A lot of people who don’t spend time analyzing their video performance like to say that Facebook’s video metrics are inflated or aren’t accurate. For those who do, the top complaint is that the default view is counted at only 3 seconds instead of 10 seconds.
We don’t believe there is a magic number since what’s important is the view curve, which shows how long people stayed from start to finish, showing the decay from beginning to end.
The kinks in this curve are what matter if you care about improving your performance since any particular metric doesn’t tell you the whole picture. Plus, averages lie; they wash out the underlying trends.
YouTube marketers like to say that YouTube yields “better” quality views since a TrueView is counted at 30 seconds instead of 3 seconds. I would generally agree with this but have to point out that paying $0.50 cents for a 30-second view isn’t necessarily better than spending $0.02 cents for a 3-second view.
What matters is what your decay curve looks like and whether your content is arranged correctly to take advantage of the differences between Facebook and YouTube.
For example, the best practice on both Facebook and YouTube is to have a “hook” (attention-getter) in the first 3 seconds (not your logo or bumper), which leads into igniting pain or pleasure.
On YouTube, you want to explicitly disqualify people from watching from 15-30 seconds, since you are charged for a view only when people stay for 30 seconds. In other words, you might say “If you are facing X as your issue and understand that it costs $Y, then please continue watching since this message is for you. If this doesn’t describe you, please don’t continue.”
This tactic of explicit disqualification by mentioning your important buyer criteria works great on YouTube. However, copy this same video to Facebook, and you might wonder why it’s not performing, perhaps even claiming Facebook “doesn’t work.”
The same is true for brands who take their 30-second and 60-second TV spots and copy them to Facebook. Seems logical, right? Not when most of Facebook is autoplay, sound off, and on mobile. These users have shorter attention spans, different expectations, and can skip (except for the new in-video ads).
TV ads are based on the fundamental assumption that you have a captive audience who is sitting down to watch a show, instead of giving you partial attention while they’re on the go.
Another bucket of general misunderstanding is around derived metrics, which are the calculated metrics. For example, you can’t add up organic and paid reach to get to total reach. Some users were exposed to a video organically and paid, so they should be counted only once for total reach.
This is still a bug on Facebook’s side and has been for years. The same goes for adding up total watch time for one or many videos and expecting it to equal the average view time multiplied by total views. Remember that Facebook doesn’t count the time that is under 3 seconds when counting views.
Relevance Scores: Your Check Engine Light
5 Main Types of Objectives for TikTok
Commonly Used Metrics
Optimizing TikTok Ads
How do you know if your video is performing? By checking your statistics against these benchmarks:
- Reach - this will vary based on the target audiences you've chosen
- Views - ideally this should equate to 50% of your total reach. So for every 1,000 reach you'd want 500 views
- View Length:
- Less than 3 seconds - poor
- 6 seconds - average
- 10 seconds - good
- 15-20 seconds - great
- 30+ seconds - you're a Unicorn!
From there, we like to optimize further. We want to see views turn into 10 second views as follows:
- Fewer than 30% watch the first 10 seconds - poor/average
- 20-40% watch the first 10 seconds - good
- 50% watch the first 10 seconds - great
We're focused on producing and optimizing 15 second videos, so we want to look at completion rates. If we are over 20%, we've got a winner.
The longer the video, the lower the completion rate. So that's why we are making it so short.
Short-form video primary metrics:
- For Lead Gen: $3 CPL.
- E-commerce: $10 CPA.
Metrics > Analysis > Action
This section will help you understand the basics of a framework called #MAA (Metrics > Analysis > Action) in conjunction with #CID (Communicate > Iterate > Delegate).
Before we can start using the #MAA Framework, you'll need to ensure you've installed the TikTok Pixel and you'll want to ensure that you've set up conversion tracking correctly in your Google Analytics account with TikTok as a source.
In optimization (to help us with conversion), you’re using data to answer these questions:
- How are my different marketing channels performing relative to one another, and where am I bleeding?
- What is the right amount of effort and spend to place on Pay Per Click, email marketing, Search Engine Optimization, offline campaigns, and social media?
- How much provable profit, Return on Investment, and margin are being generated by each of my marketing campaigns?
- Based on the data, what are the top 10 specific things that my organization can do to improve metrics?
Metrics Decomposition
So how do you move from metrics to analysis? The answer is in Metrics Decomposition. Metrics Decomposition is what we use to help make sense of changes in results we're tracking.
A seemingly complex concept, Metrics Decomposition describes the relationship between many different metrics. This relationship enables you to make sense of changes in results, like a sudden change in cost per action or a spike in conversions. It keeps you calm because you will be able to figure out what went wrong/right.
- This is the profit formula behind Facebook ads -- not sales puffery, but a mathematically derived formula.
- It starts with applying the conventional profit formula: Profits = Revenue - Cost.
- Revenue from TikTok = Value per conversion x No. of conversions. If an apple costs $5 and you sell 5 apples on TikTok, your revenue is $5 x 5 = $25.
- Cost from TikTok = No. of conversions x Cost per conversion. If you spent $3 to sell an apple, your cost is $3 x 5 = $15.
- Your profit is thus $25 - $15 = $10.
Unfortunately, this is where many beginner marketing consultants stop. Let’s say, today, you sell 5 apples at $5 each, so you don’t make a profit. How would you go about finding out what the problem is?
Here’s how we would do it:
- Compare the conversion rates today versus yesterday. Did fewer people buy per 100 visitors?
- If not, compare the visits on both days. Did fewer people come along?
- This or the previous point must be true.
- If conversion rates stayed the same, but visits dropped, compare click-through rates on both days. Did fewer people click on my ad per every 100 impressions?
- Otherwise, compare the number of impressions served. Were there fewer impressions?
We could go on and on for the next few paragraphs, but you get the point.
Troubleshooting Conversions
Your profit is a function of cost and revenue, maximized where marginal revenue equals marginal cost. A bit of first semester economics will help you find the spend level that maximizes profit, which is not the same as maximizing margin or revenue.
Troubleshooting Conversions
Summary
- Just like on Facebook, instead of trying to promote 50 random things in 50 random ways— keep honing the one thing that's performed the best.
- TikTok ads are driven by consistently sharing engaging content. You need a constant stream of content to target your audience and feed your TikTok ads.
- The best videos for TikTok are 15-23 seconds long and involve movement, recorded on your smartphone with clear headings, text, and call to actions.
What to Do If You Don’t Meet the Standards of Excellence in Any Area
“I tried it, and it didn’t work” is one of the most bone-headed things we hear from clients and wannabe marketers. One shot, and they’re done.
In digital marketing, there is no penalty for taking many shots on goal. We learn quickly and iterate constantly. We expect failure 90% of the time.
Make another ad, try another subject line, choose another set of keywords, adjust your budget, tweak the landing page, and so forth. Via many cycles of experimentation, we’ll undoubtedly find some winners.
The Optimization Course will help you efficiently go through this testing cycle via a framework called MAA (Metrics > Analysis > Action) in conjunction with CID (Communicate > Iterate > Delegate).
Metrics That Matter
CHOSEN METRIC: AVERAGE WATCH TIME
My intention of putting out great content is for people to be impacted by it. Nowadays, the average watch time is 6 seconds on most videos, and that’s a reaction that most people are bored by the content they see online. So here are three quick ways to increase your average watch time on video content:
- Authority Alignment: Align yourself with influencers and thought leaders through interviewing them and boosting the interviews.
- Powerful Framing or Hook: Ask questions and make them feel understood by tapping directly into their world, or hook them with a big claim that makes them have to watch to see what’s going to happen.
- Entertain or “Edutainment”: People crave entertainment. Bring some fun and creativity and maybe even a little craziness to your content to spice it up. The point is to test and keep testing to see what generates the results you want.