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Converting The “Browsers”

May 16th, 2013 8:00am by Sean Grace

When looking at available analytics for measurable media you may notice a large number of clicks, but a relatively low number of corresponding transactions at your store or on your website. That is because, as Seth Godin put it earlier this week, there’s a reason they call it a browser.

This is true. Many people browse online, clicking this or that, while few actually make the leap to purchase. Getting that extra click may be tough, but it is certainly worth reaching for. While TV ads and billboards are definitely helpful in the marketing process (creating awareness, warming leads), these tactics cannot be precisely measured in terms of who sees them or how they respond. Perhaps some brands and marketers actually find safety in the tried and true, even if the results are unknown. When measuring clicks to conversions, a bad ratio can be hard to explain to a client or superior.

But, employing what you already know about consumer behavior can help close that gap and convert more clickers into buyers. Start with a compelling offer, and make it exclusive, worthwhile and good for a limited time. Once you have their interest, ask for a little bit of information before delivering the goods. The right social tool can deliver value to customers and brands alike. They want a great deal. You want to know who is using it and how. Two birds, one click.

Once the consumer performs the desired action, make it easy for them to share the experience with others via their social network. People love to be the one to share a great deal with their friends, and friends trust their friend recommendations more than they do brand messages alone. So, clicks resulting from these social shares are more likely to lead to another conversion.

Traditional media can play a valuable role in a strategy focusing on online social media too. This mass marketing can be used to funnel people through to the social outlet where brands can communicate, get to know customers through the details and data they provide, and remarket to them with relevant messaging that leads to additional sales. To be sure, there is something to be said for being at the right place at the right time for a customer to buy. But, using the right tools in the right way can compel much more action leaving much less to chance.

Image courtesy of Flickr

CoupSmart is a social marketing system that creates a measurable revenue stream from fan pages. Want to find out more? Click Here


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How FBX Ads In The News Feed Can Lead To More Action

May 10th, 2013 9:30am by Sean Grace

A while back, Facebook begin targeting ads based on users browsing habits/history. These ads appeared in the side bar where ads have traditionally been placed. It would seem that a bit of relevance goes a long way, as these more targeted ads supposedly performed better than any others.

FBX, as they’re called,  is now going a step further, shifting the location of these ads to the actual news feed where users see all posts from their friends and pages they have liked. The result from early testing has been much higher click-throughs (not, repeat not ROI - return is a whole different story). These click-throughs occur because the ads are not off to the side, out of focus, and out of mind. They are front and center, mixed in between the content Facebook users are interested in.

There may be some push back initially from angry users that don’t want to be bombarded with ads while talking to their friends (ignoring the fact that this service is free for a reason). Users have already voiced their concern many times over the way Facebook uses their data – not only what they provide on the network itself through their profile and posts, but what Facebook collects from them through cookies when not on the network. And, time will tell just how far Facebook can push before causing some amount of users to seek online social engagement elsewhere.

But, as users slowly warm to the fact that giving up some data makes the brand messaging more relevant to them, the brands that deliver the right relevant messaging will start to see more real engagement from users that will enable them to build relationships through social means. Relationships that lead to sales, of course. Facebook users may not want ads all the time. But, they do want to buy.

So, to get this engagement from FBX ads make sure your message is compelling, not annoying. Put something valuable in it for the customer to motivate action beyond a click. What should come after a  click should be a purchase, as well as a share from the buyer to their friends on Facebook. That’s when the ‘R’ in ROI starts to be realized.

Image courtesy of Flickr

CoupSmart is a social marketing system that creates a measurable revenue stream from fan pages. Want to find out more? Click Here


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Are New Facebook Status Emoticons Good For Your Marketing?

April 29th, 2013 3:24pm by Sean Grace

You may have noticed another subtle change by Facebook lately – the ability to add an emoticon to your status update. In addition to telling friends how you’re feeling, you can tell them exactly what you’re doing as an extension of your written update. See below.

While this encourages users to update their status by giving more options (perhaps even suggesting some topics to post about), it’s clearly a data-gatherer for Facebook to develop ad-targeting opportunities. Direct linking to brand pages for TV shows, restaurants, music, books, etc. can be huge for Facebook as they try to mine through data to find meaning (read: opportunity).  There are a few things Facebook can do to make these options more beneficial to everyone:

1. Make the feature available on mobile and tie it into Graph Search
2. Notify brands when they are tagged in a post
3. Offer more than ads as a result of this data mining

That last one is more for marketers than Facebook. The reason some blogs are warning people not to use these status features  is that they will soon be targeted with ads related to what they posted about. But, so what? Wouldn’t you, as a user, rather see a relevant ad than an irrelevant one? Probably. But, providing Facebook with ad-targeting data annoys a lot of users. What are they getting out of it? Spam, they say. It’s the brand’s job to change that perception. Use the opportunity to offer customers something for their patronage. An incentive goes a long way to getting fans in the right frame of mind to purchase, while being less concerned about giving up some of their personal data to nab a great deal. Show them you use data to deliver better offers to them in the future, and you’ve got their click.

CoupSmart is a social marketing system that creates a measurable revenue stream from fan pages. Want to find out more? Click Here


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Thirsty Thursdays Social Media Roundup (Video)

April 19th, 2013 9:08am by Sean Grace

In yesterday afternoon’s episode of Thirsty Thursdays, Nick and I discuss Facebook Home a week after launch, Twitter supporting ad targeting through keywords, and Google+ making significant changes to both their Suggested User Lists (SUL) and their YouTube integration for G+ brand pages. It’s been a big week in social media for marketers.

CoupSmart is a social marketing system that creates a measurable revenue stream from fan pages. Want to find out more? Click Here


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How Strong Affinity Databases Benefit Marketers

April 16th, 2013 12:33pm by Sean Grace

google facebook twitter

As the competition among social networks heats up (see our War of the Social Networks Hangout here) the major players are striving to deliver the better set of actionable data to marketers along with the best experience to users. The transition to mobile has been a key focus as it presents a large opportunity to reach consumers wherever they are, on the device that is basically attached to most of us throughout the day.

Where some have claimed that Facebook cannot make the transition into mobile, their recent take of mobile ad dollars begs to differ.

But, more than just being present in front of a consumer’s face, the promotion (in whatever form it takes) must be relevant. This is done by knowing who you’re marketing to. Not just their name. But, their interests, their connections, their location, their habits, their purchase behavior, and on and on.

This is where data provides the most value to companies like Google, Facebook, and Twitter. They have it (or, can get it – we think), we want it, and the end user wants the benefits of smart marketing that delivers what they want, when they want it.

Forbes recently pointed to Google being the company most apt to provide the most complete “database of affinity” to marketers. And, their points are valid. But, they also point out that “the real value in affinity data won’t be unlocked until we can find hidden combinations of affinity that work for marketing. That’ll require technologies and teams that can do some serious data analysis — as well as a real-time feedback loop to determine whether people really are interested in the ads targeted to them based on such complex assumptions.”  

This is precisely why the affinity database race is still anyone’s game. Because it is not just what data you can get, but what you do with it. The positive that Facebook has going for them right now is their open API which allows developers (like those at CoupSmart) to build entirely new technologies on top of their platform. Facebook’s competitors don’t grant that kind of widespread access. At least not yet.

Despite their flaws, Facebook is using the community of innovators without employing them, allowing us to make our own revenue by creating tools that analyze and respond to the huge amounts of data gathered through social activity. This goes well beyond ad placement, and it’s a very wise move. One thing is for sure though – whichever company emerges as the leader ion this area, it is we, the marketers, that stand to benefit most from these affinity databases. And, the way we use all of this consumer data will determine whether or not our customers see us as valuable in their lives and worthy of their purchase.

Image courtesy of Flickr

CoupSmart is a social marketing system that creates a measurable revenue stream from fan pages. Want to find out more? Click Here


Click Here To Request A Demo