Increasingly healthcare and pharmaceutical marketing budgets are moving to online spaces. In 2010 eMarketer predicted that online pharmaceutical advertising spending would rise to $1.52 billion by 2014. In 2011 spending rose 23.3% to $1.58 billion, and eMarketer are now predicting that online pharmaceutical advertising spend is likely to reach $2.48 billion by 2016.
Marketing healthcare & pharmaceutical products that tend to specific diseases will require niche marketing strategies. Online and social media present an unparalleled opportunity to reach a highly-targeted group of individuals, that include healthcare professionals (HCPs). Using the various digital media channels at their disposal, pharmaceutical marketers can now produce highly customisable campaigns which target specific audiences based on a number of factors and activities.
But online advertising is not just about selling; it could also be about recruitment, human resources, identifying key opinion leaders and reaching out to them. In terms of marketing to professionals there’s no better platform than LinkedIn ads, which has proved massively effective for B2B industries due to the wealth of personal, professional information which LinkedIn users provide.
For regulatory reasons highly-targeted marketing in this form is very appealing to pharmaceutical companies that want to engage with HCPs. LinkedIn allows advertisers to serve ads to users with certain qualifications or titles, as well as the types of groups they have signed up to and the industry sectors they work in. It means that advertising spend can be extremely efficient and that specific people can be targeted for specific ads.
As well as the professional information which most users submit when using the site, there are also company pages and discussion groups on LinkedIn, which can be great place to engage audiences. LinkedIn groups encourage users to use LinkedIn for longer sessions of reading and sharing information, and promotion through groups can be a good way of targeting specific individuals while they are thinking/talking about a particular issue or topic in a group environment.
The difference with LinkedIn when compared to other social media platforms, is that LinkedIn is business-orientated. Whether recruiting or networking to promote products and services, most users on LinkedIn are acting in a professional capacity, and as such, it is a unique social platform in this respect.
With LinkedIn advertisers have the ability to target campaigns focusing on a particular company, a particular job role or even by geographical location. You can also target members by gender and age. There are over 1.5 million healthcare professionals on LinkedIn, and a quick search can identify:
- 261, 514 users whose job titles includes the word “physician”
- 151, 088 users who list themselves as a “medical specialist”
- 267,883 who identify themselves as a “doctor”
- 103, 273 who identify themselves as a “clinical specialist”
Because LinkedIn is so business-focused, its user data is ten times more accurate than any other social network’s registration data. It means that most LinkedIn users are being themselves in order to connect with work colleagues or other professionals, and so need to be honest and open about their employer, their job role, academic qualifications and experience. Accurate profile data makes targeted campaigns work – reducing wastage and keeping to budget.
LinkedIn & Google DoubleClick
LinkedIn has also partnered with the Google double click Ad Exchange, which means that targets can be identified based on job titles and employers, and they can be marketed to across Google’s network on a cost-per-click basis. Combined with Google-support capabilities such as re-targeting, this could prove a wise tactic for pharmaceutical and healthcare companies looking to target healthcare professionals.