|First, I want to wish everybody a Merry Christmas and a Happy New Year. I also want to offer my condolences to anybody that has gone though hardship in 2020 with family, friends or relatives being victims of the Covid Pandemic. I wish you all the best as we look forward to a better year in 2021.|
My wife and I started X Social Media 5 years ago and we have had a wonderful time establishing long-term friendships in the Mass Tort industry as we have worked tirelessly in perfecting Social Media advertising to help as many victims as possible of corporate neglect, sexual abuse and environmental disasters. We have found our calling in helping others for the greater good. We slowly became a leader in the Social Media advertising space for Mass Torts, by being transparent with our clients and offering up all our know-how to anybody that would come and ask for help or wanted to do what we do in helping victims. The 2018 book that we published “The Facebook Effect For Lawyers” was a blueprint to our way of advertising and was done so other law firms themselves would start their own Facebook advertising to again help as many victims as possible get resolution.
Now the time has come for a few changes that I will briefly describe below;
Digital TV By X Social Media
As the pandemic raged on in 2020 we decided to go into Sandbox testing mode to find and test new ways to help victims. This took us across many different media channels that we tested for four mainstays; stability, predictability, scalability and advertising risk. What came out on top as the clear winner from over $3 Million dollars worth of testing is a new product that we will be able to offer in 2021 to all our current clients. This new product we call Digital TV.
Digital TV: Stability and Scalability
Digital TV starts with a Look-A-Like Audience that we get from Facebook to find out what demographics, interests and behaviors our perfect clients have. With that in hand we can now pair that with their TV watching habits. While we all know that TV is typically a shotgun approach to advertising, by making a look-a-like audience for our TV buy it will narrow the audience down from being very large to being a little more targeted. It’s nothing like Facebook that looks at tens of thousands of data points, on Digital TV we look at maybe a thousand data points to narrow down our audience. While this is an improvement over traditional TV buys and offers the scalability of regular TV, it still is missing the predictability of Facebook and we also have not mitigated the risk of advertising where a spot can bomb and you’ve spent $25,000+ and get no sign-ups.
So we knew we had more work to do. We needed to find a way to mitigate some of the risks.
Digital TV: Mitigating The RISK
|The next step was to try and mitigate the risk of traditional TV buys and create some predictability in the results like what we are seeing from Social Media advertising. The results ended up coming from a digital KPI metric we know as “Cost Per Action”. What if we could tell the Local and National TV stations that we would pay them on “Cost Per Action” thereby mitigating our risk where if we got no actions from the spot, it would not cost us anything? Almost sounds to go to be true right ?|
Think about it in another way, what if we told the TV stations that by using our “Cost Per Action” model, we would actually be able to pay them more then they got from regular CPM or Spot advertising if the TV Spot ran to the Correct audience? So you show the TV Stations the upside and then of course you test and you test and then you test some more to get a WIN-WIN between our clients, the TV stations and the victims getting help. So now we have mitigated the risk by off-loading the risk onto the Media or the TV stations to make it work within our preset economics or they don’t get paid.
You can imagine the TV stations selling a spot on a “Cost Per Action’ getting no actions on the offer. Well I am sure in most cases it will only run one time as they did not make their money on it. What about the Law Firms when they run TV Advertising? Do you honestly think they understand their attribution metrics so well where they can stop a spot after one insertion because they did not see any actions on the offer? I think the law firm becomes the sucker, and will just keep paying the TV advertising without any RISK mitigation and after the campaign is done say “Well you can’t win every time” and chock it up to (name your own excuse here)…In my book and in a digital world these risks are called inefficiencies that do not help the Law Firm, or the victims, so they have to be eliminated.
Digital TV: Predictability
So we are down to one metric we need to square away and that is predictability. If you ask 100 X Social Media Clients what they will say they like the best about advertising on Social Media platforms with digital advertising is it’s the predictability of the results coming out the other end. For long term success in any business you have to have predictability to succeed. You get predictability from knowing your metrics and having enough data so the AI algorithm and Machine Learning on top can do its job on the advertising platform. Now unfortunately we have none of that on TV that we can work with, but we do have metrics we control. Let me explain.
We have two metrics we can control. One being the “Cost Per Action”. To understand Cost per action it goes something like this. We will report back to the TV stations the number of people taking action on our offer, taking action means they call the 800 number and they talk to our intake for 30sec maybe 1 min depending on what deal we can make with the stations. So we now take no risk when we advertise on Digital TV as we only pay when people call our intake and stay on the phone for a minimum of 30seconds. That of course leads to optimization on the intake side of things where you can ask 1-3 questions right up front to increase the probability of the caller qualifying.
SO the Intake script all of a sudden becomes really important because we want to accomplish 2 things; First, we want to make sure that people are qualified and we want to be honest with the TV station on what we are seeing as the more money the traffic from the TV station makes the TV Station the more inclined they will be to run our offer. So we move our intake questions around a little bit so that the main qualifying questions are up front and within the first 30 seconds.
Example Zantac Intake Script for Digital TV
- Did you take Zantac Over The Counter or via a prescription ? Yes/NO
- Have you been diagnosed with a Cancer ? What Cancer ?
Getting this out of the way early you have put up the main qualifying criteria and you are now ready to pay the TV station for an “Action.” Lets say we pay $100 per Action.
The second metric we can control is Conversion Rate. With big data we know that once you run a ton of traffic the conversion rate on that traffic stays pretty predictable over time. True you don’t know the conversion rate up front but after a couple $100,000 on each Mass Tort X Social Media will know it and share it on our website with our clients. So lets say that on our example above our conversion rate in 15%. That means for every 6.4 people I talk to I get one conversion (Signed Case). So our Cost Per Action offer for Zantac of $100 and with a conversion rate of 15%, gives us a final case cost for the advertising of $640.
|Mass Torts & Personal Injury On Digital TV|
Once we have defined the new metrics with the TV Stations – there are over 10,000 between Local and National and Cable, Direct TV and All the Cord Cutting Apps – we are now getting somewhere. And Now we start testing.
The first project we used this on at scale was towards the end of the Boy Scouts of America campaign. We clearly defined the Digital TV audience from a Facebook Look-A-Like Audience we had created through our previous $15M Facebook advertising spend to date. We ended up being able to pushing $2M in additional ad spend through Digital TV in the last few weeks of the BSA campaigns, generating cases for us between $1,000-1400 on average.
This “Cost Per Action” offer came in where our BSA started out on Facebook and after more then 10 million spend on Facebook, prices on FB started to go up where Digital TV started to go down. This amongst other reasons was because of the TV Bandwidth compared to the Facebook/Instagram bandwidth and saturation at the time. In our Digital TV offer we did go after the Open States as well so we segmented the campaigns to spend more in open states. (Open States are states that have legislation for a look back to when people were minors for any sexual abuse)
Zantac, Talcum powder, and Roundup are other campaigns we have run based on Look-A-like audiences from Facebook based on Qualifying Cancers. These campaigns all worked well as digital TV Campaigns + Facebook.
We are currently testing Local PI as in City or Statewide and we are seeing promising results, again because we limit our Risk when we advertise as we only pay when we get people taking action by calling us.
Now that we have laidout our Digital TV strategy we are ready to deploy it with our clients. In the new year we will start publishing Digital TV cost per Case and Facebook Cost per case on all torts we run. We hope our clients and new clients will try out our Digital TV strategy and enjoy the stability, predictability, scalability and most of all mitigating the risk of advertising on TV.
|Talcum Blended Digital TV + Facebook Example Currently Running|
Don’t miss out on this special that will save you up to $1,000 per project! Ends Thursday, December 31st, 2020!
All Orders placed before the END OF THE YEAR may be deductible as 2020 expenses.
We look forward to helping you make 2021 prosperous and we wish you and your family good health!
|November Average Costs on Facebook for Mass Torts|
|Full Service From Lead To Retainer. X Social Media & Partners|
When you come to us with a new project, we set up the whole marketing funnel for you from advertising ads, to landing pages, down to the signed retainer if you’d like (we suggest using professional intakes). Your work doesn’t start until you have the signed retainer in your office.
In most cases, we can also arrange co-counsel for any given project and even financing. Just ask!
Our history of transparency and our network of industry partners means that you can trust X Social Media to grow your firm with quality retainers from our menu of existing campaigns or for your next custom project.
Contact us today to discover what we can do for your firm and have done for many others.
|Please review average lead prices on our website. Xsocialmedia.com|
|Becoming A Client Of X Social Media LLC|
Getting started as a new client is easy. We will walk you through the process and you will have a dedicated team. We like to look at ourselves as an extension of your team!
We start with a test budget, we don’t need your full budget to start getting you cases. Typically, the test budgets range from as low as $5k to 50k. Your money is your money until it is spent!We simply charge a +15% management fee on the project budget, and a one-time setup fee of $1,000 per project, which covers your dedicated Landing pages and all the integrations, including our feedback loop integration to your CRM or intake.
We usually see three to five business days from order placed to campaign start, and your team will be responsible for approving all ads and images before ads are set live.
We look forward to hearing from your firm and assisting you with your client acquisition needs.
We are currently working with 350 plaintiff law firms, and we are happy to provide references in your area. We can also advise your firm on co-counsels if needed.
X Social Media LLC