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Contributor Peter Minium explains how connections are formed on social media, the purpose of these connections and how they can be leveraged to win the social media marketing game.

Thousands of years ago, clans gathered around fires to share their day’s experiences and to tell stories that established group norms and shaped social organization. Today, the fire’s embers have been replaced by the glow of internet-connected devices, but the communal exchange of stories and perspectives remains a fundamental force in social development.

From a business standpoint, a few important differences emerge from this evolution. Social media users can now publicly discuss their experiences with brands or products, forming large coalitions of interest that exert vast social pressure on brands and other organizations. From the presidential election to the newest cereal, everything is now a matter of public interest.

The essential principle, however, of shaping our world by sharing stories remains the same. The connections we build with others around us are the infrastructure of social change. Understanding how these connections are formed on social media, the purpose of these connections and how they can be leveraged is foundational to social media marketing.

Understanding social mechanics with game theory

Though the need to participate in social exchange is obvious, it has proved challenging to effectively model how social systems work, especially when considering the impact of new media and technology on societal discourse. Game theory, a mathematical evaluation of competition and cooperation between interested actors, is a promising solution.

Despite what its name may suggest, game theory has little to do with “games” as we might typically think of them. It seeks instead to understand how rational participants, bound by a set of rules, respond to different stimuli. The application of game theory to social media can help us identify the objectives of social media users, and how they work to achieve them.

The “players” of the social media “game” are clearly the users — brands and consumers alike. Brands use social media to reach new customers, build a loyal audience and respond to consumer reviews, while the private social media user wants to keep up with friends, stay current and participate in social conversations about matters large and small.

Gaining powerful allies in the social media status game

Brands and consumers have different objectives, but how they achieve their ends is the same: social influence. All social media users compete for a limited supply of influence, clamoring for their voice to be heard. The mistake that many brands make is to see consumers as targets, or even enemies, instead of the powerful allies they can be.

If brands cooperate with consumers, assisting them in achieving their objectives, both can win the social media game. Above all, this means brands must provide social media users with the tools they need to increase their status, and thereby their influence on the conversation. By doing so, brands can proliferate their messaging and gain the vocal support of a vast audience.

Social status is at the core of every human interaction, and one of our most central drives. Its significance has recently been underlined by the discovery that changes in status are processed by the striatum, the same part of the brain that processes money. Researchers found that an increase in social status triggers a definite and quantifiable neurological reward.

Increasing and measuring status with game mechanics

In conversation, we largely seek to increase our prestige, which can be done in one of three ways:

  • Creating new content.
  • Sharing content.
  • Challenging content.

Each of these adds value to the conversation, introducing a new perspective, supporting, or critiquing an existing perspective, which in turn increases our status.

These avenues are built into most social media platforms, with “likes,” “shares” and “comments” all enabling us to quantifiably assign status to others and evaluate our own. Like points and levels in a video game, these features allow us to measure how popular we are in a community, and our brain rewards us each time we win a point — or punishes us if we lose.

In terms of game theory, these features should be thought of as game mechanics, which leverage our:

  • Desire to accumulate.
  • Preoccupation with social standing.
  • Appreciation of feedback.
  • Interest in connecting.
  • Enjoyment of personalization.

By tapping into deeply embedded psychological drives, these mechanics make social media engaging and rewarding.

Brands help themselves by giving consumers a voice

Each time brands elicit feedback from consumers or release content that is exciting or interesting, they give social media users another opportunity to score social points.  Making a witty comment or sharing a fun video will increase a user’s status in their community. This is clearly a win for the brand, just as much as it is for the consumer.

It is equally important to avoid disapproval as it is to build support. Social media can magnify consumer condemnation as easily as it can bolster approval. Many brands have found themselves the targets of social media callouts when consumers chastise brands for an unsatisfying product, an ill-phrased comment or a poorly timed campaign.

Game mechanics are only part of the picture

The dangers of social media are exemplified in Pepsi’s 2017 ad featuring model Kendall Jenner, which referred to recent protests against police brutality. Though it portrayed Pepsi as a reconciliatory force, bridging the gap between opposing factions through the unifying power of its product, an irate public condemned the ad as tone deaf on social media.

Pepsi’s ad failed for two important reasons. Despite the brand’s intentions, audiences found the ad inauthentic, feeling it did not align with the brand’s purpose. More importantly, the ad did not respect the seriousness of the conflict, whose racial overtones and mortal significance demanded a great degree of sensitivity in the eyes of the public.

A winning application of game theory

In stark contrast, Heineken’s Worlds Apart ad won widespread acclaim the same year. The ad depicted ideologically opposed pairs working together to build a bar, before electing to share a beer and discuss their differences.  Though Heineken’s ad responded to the same social climate and expressed a similar theme of unity, it could not have been more differently received.

It is possible that the public saw beer as a more genuine point of unison over such serious issues, but the real difference lies in Heineken’s treatment of social concerns. Rather than positioning itself as a heroic savior in a trivialized conflict, it showed itself facilitating participants in their individual struggle to have their voice heard and to improve their world.

We can look at Heineken’s ad not only as a case study in sensitive and authentic messaging, but also an effective example of game theory in action. Heineken allied itself with social media users, providing them a platform from which to express themselves. In doing so, it enabled them to become heroes in their own story, winning likes, comments, and shares in their own networks.

Winning the social media marketing game

To win the social media marketing game, brands are increasingly using the behavioral insights offered by game theory to craft effective social media strategies.

While brands and consumers have seemingly different objectives, they share the same drive for social influence. By recognizing this and enabling buyers and prospects to enhance their social status, brands can create a win-win situation for consumers and shareholders alike.

By 

Peter Minnium is President of Ipsos Connect, where he leads the US team in helping companies measure and amplify how media, brands, and consumers connect through compelling content and great communications. Prior to his switch to market research, Peter was Head of Brand Initiatives at the IAB focused on addressing the under-representation of creative brand advertising online.

Sourced from Marketing Land

By Carey Wodehouse 

Have you recently engaged sales professionals to grow your business? Whether you’re building awareness around a new product or service or just looking to gain new leads, it’s important to keep the momentum going. Arming your sales team with fresh assets, strategic content, and traffic-driving search engine optimization (SEO) can make their job a little easier. Boost your efforts with these three related projects.

1. Create targeted videos to answer key client questions

Video is an excellent way to boost sales, show off new products, deliver messaging, explain a service, or proactively answer FAQs. Sixty-four percent of people are more likely to make a purchase after watching a video online. You can produce customer testimonials, product videos, or explainer videos to target your customers on different parts of their buyer journey.

Depending on the problem you’re trying to solve, you can hire freelancers to create a high-quality video from start to finish that your sales team can use to make their jobs easier—whether it’s an animated video, motion graphics, or live action

Say a hair care company wants to boost brand awareness and convey its mission to use sustainable ingredients with a video that shows how it sources high-quality coconuts from Indonesia. Animation can creatively explain the process, from the palm tree to the customer’s doorstep. Motion graphics can be effective in this way too—for example, by walking customers through how to use a new mobile app to order groceries online.

Tip: Ask your sales team where video assets would be most helpful in creating awareness, overcoming roadblocks, or closing deals. Also, try testing different CTAs to see which perform better.

Get more tips to drive sales with video with Video Retargeting: How It Works and Why You Need It and A Step-by-Step Guide to Crafting a Killer Product Video.

Professionals you might need: scriptwriter, videographer, producer, motion designer, animator, editor, voice actor.

2. Turn your sales materials into catchy assets with copywriting and graphic design help

What materials are your sales team currently using? What has worked and what hasn’t? Whether salespeople are in the field or on the phone, arming them with the best assets to leave behind or direct customers to online can be the difference between closing and losing a sale.

Refresh existing sales materials with the help of a copywriting pro who can craft targeted messaging that really hits home. From brochures and banner ads to clever packaging and email campaigns, a copywriter with sales expertise can make sure your sales materials are presenting a unified, on-message front. Then have a graphic designer flow that copy into a beautiful layout with polished graphics and branded elements.

Tip: If you’re using content marketing to boost your business, be sure you’re getting input from your sales team as you decide what kinds of content to create. Find out what your customers’ pain points are and address any red flags with content that helps salespeople do their job.

Professionals you might need: copywriter, content writer, graphic designer.

3. Augment your sales team’s efforts with a targeted search engine marketing (SEM) campaign

SEO and SEM are inherently different disciplines, but together they can help drive traffic, sales, and conversion. SEO will boost organic traffic to your site and can also be strategically leveraged with a new campaign. Say the hair care company we mentioned above is known for its custom shampoo and conditioner but is launching a new overnight deep-conditioning mask. Targeting keywords such as “mask” and “treatment” around its new product, then coordinating an SEM campaign to support the launch can give sales a boost.

Get practical tips on how to get started with How to Integrate SEO and PPC Together to 3X Your Sales, and check out these 5 Top SEO Tools for Small Businesses.

Professionals you’ll need: SEO expert, SEM specialist

This isn’t all you can do to give your sales team a helping hand. With a little creative expertise, assets like the above plus landing pages, banner ads, and email campaigns can work wonders to boost your sales team’s efforts where they need it most.

By Carey Wodehouse 

View full profile ›

Sourced from Business 2 Community

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After years of holding the data close to its vest, Google has begun to give advertisers more data to help them make better decisions and run successful campaigns. Earlier this month, Google confirmed that it would run a small-scale rollout of an Insights analytics report in Google My Business that shows business owners the most popular search keywords that people use to find listings.

On Friday Google announced that the Search Analytics API found in the Search Console now allows advertisers to retrieve 25,000 rows of data per request, up from 5,000 rows previously. Marketers can query all their search analytics data without exceeding their quota by running a daily query for one day’s worth of data.

Marketers need to choose the information requested, such as search types — web, image and video — along with the dimensions such as page, query, country, or device and whether to group results by page or property.

Along with the news, Google published a guide to take marketers through data retrieval. It includes an overview and describes how to group results by page or property and the dos and don’ts for the process, as well as defaults and nuances of how the queries work.

Google also notes that impressions, clicks, position, and click-through rates are calculated differently when grouping results by page rather than by property.

Earlier this week, Google announced the integration of Hotel Ads into the Google Ads platform with the introduction of a new type of campaign and a new dashboard for managing hotel price feeds.

Although Hotel Ads have been around for about eight years — initially in sponsored listings in Google Maps and then in Google Search — they were managed in a separate ad platform.

Now all the data resides in one place. Overall, it means marketers gain more data from one dashboard to support campaigns across the board.

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Sourced from MediaPost

By Carol Forden 

The last few months and years we’ve seen a few significant changes in the social landscape.

Think about this, when most of us started using social media, social networks were the place for updating statuses, sharing photos and keeping up with family and friends.

Today, there are videos to watch, news articles to read, podcasts to listen to and the opportunity to shop right from a video or Instagram post.

Today, we are spending around 20 minutes more per day on social media compared to TV and for Gen Zers, its almost 1 ½ hours more.

This shows that when embraced and managed effectively the advantage in reach with social media is rapidly closing the gap on television.

Social media is now directly competing with TV networks with the likes of Facebook, Instagram, Snapchat and Twitter

Social commerce is a significant revenue generator for apps such as WeChat in Asia, thus its no surprise that Facebook has been quick to encourage in-app impulse buying by facilitating payments on Messenger and ‘Shop Now’ buttons.

This leads to the question of how can brands embrace and engage with the rise of social commerce?

Social media is key for research

Today, a brand must have a social presence.

Social media and networks can drive a massive reach since just about anyone on the internet today is now a social networker. The role of social media has evolved from updating friends and family to now being an active part of the purchase journey.

A recent research study by Global Web Index demonstrated that 4 in 10 internet users ages 16-64 are turning to social media to research new brands or products.

In fact, 37% of internet users who turn to social networks to carry out research on brands or products – a marked increase on the 28% seen back in mid-2015.

Knowing that a younger demographic is leading this change, it will not be long before social overtakes search as the top portal for product research.

Today, 4 in 10 consumers follow their favorite brands on social media, and these numbers are increasing by the day.

Based on how consumers are engaging with brands on social media, brands should be marketing their products on these platforms.

Knowing where and when to communicate a brand message depends on the target audience, their needs, and where they are in the purchase funnel.

Considering that, 1 in 4 consumers have watched a consumer review on YouTube, while almost 4 in 10 have watched a tutorial in the last month, shows the shows the power of a brand YouTube product research, reviews, and education.

Today, brands are on offering the chance to complete a purchase directly through social media. Just today, Instagram announced that “Instagram Stories, you see a sticker with a shopping bag icon tap on it to see more details about that product.”

This allows for a seamless customer experience as brands can add “shop now” and “buy now” buttons for smooth transactions and the ability to act upon impulse purchases.

As a result of social media, the traditional purchase funnel has dramatically changed. It is now a ‘consumer decision journey’ that is a combination of the customer experience and brand advocacy.

It’s critical for brands to understand how the customer journey – or consumer buying process – has changed to influence consumers at the moments that matter.

Today consumers are more fragmented across social media platforms, channels, and devices than they’ve ever been.

Consumers have instant access to a depth of information today, at the touch of a button. As a result, consumers are considering a higher number of brands and products at the start of their journey than ever before.

This gives brands far more opportunities to compete with competitors, with a higher number of touchpoints to engage their target audience.

Touchpoints range from:

  1. Online and TV Advertising
  2. Chatbots
  3. Social Media
  4. Snapchat
  5. Smart packaging – allows consumers to tap the brand logo with their phone to unlock five digital experiences, including competitions, drinks recipes or a playlist.
  6. YouTube
  7. Online Influencers
  8. Video – 96% of Facebook users watch video clips on any device, and 99% of Instagram, Twitter and Snapchat users watch videos.

Knowing which drivers apply directly to your target market will ensure you’re using the right marketing tactics.

Research shows that the most critical factors impacting every stage of the purchase funnel and customer journey require a different approach for each for each demographic. For example:

  • 71% of baby boomers think free delivery is essential.
  • 59% of millennials will seek expert opinion before making a purchase.
  • 47% of Gen Z turn to social media to research brands.
  • 63% of Gen X stick to the brand they like.
  • 71% of Gen Z discover brands through celebrity networkers.

A Baymard Institute survey, July 2017 showed that 61% of shoppers with abandon a shopping cart due to the extra costs for shipping, taxes, or other fees.

Understanding this gives brands an opportunity to rectify the problem and increase conversions at the optimal time. Asics, for example, reiterates the benefits of its free shipping policy in its cart abandonment email to drive conversions.

How to make social commerce work

That latest statistics show that buying online is a mobile-first activity – 57% of PC shoppers using mobiles to purchase items online. Therefore, your website needs to be mobile optimized and social media posts need to take this into consideration.

Instagram and Pinterest are photo-centric platforms that offer attractive options that allow brands to showcase a lifestyle and build their brand story.

IKEA embraced the inspiring nature of Instagram where it distributes inspirational content. This has resulted in an average order value increase of digital purchases by approximately 10%.

Instagram Stories, humanize brands and help forge a deeper connection with social audiences.

The New York Times Fashion section found the right balance covering the Ralph Lauren Fashion Show and showcasing the designer dresses that would be available for purchase. They also incorporated celebrity interviews and moments from the after-party using Instagram Stories.

You’re probably thinking, I have a boring product and work in a boring industry.

To you, it may be to the outsider it’s interesting. Do not be afraid to take a short video of behind the scenes, do quick employee interviews of what their job encompasses or what they like about the company.

The goal is to personalize your brand and make it relatable.

People buy from brands they relate to and trust. Putting the human touch on a product allows you to do this, regardless of the industry.

Maintain the balance between visual and written content

There’s a balance that needs to be maintained between effective content marketing and pushing for purchases.

Today, 4 in 10 digital consumers follow their favorite brands on social but does not mean that they are loyal followers. The worst thing a brand can do is overloading their social media feed with pictures of merchandise and buy buttons which will quickly turn followers off.

The real power of “shop now” and “buy buttons” emerge when brand messages reach shoppers who are interested in your brand and product.

The key is to maintain the balance between other non-sales type content to consumers who display a genuine interest and overloading with ‘sales’ content. This speeds up the consumer path to purchase with buy buttons is sure to appeal.

Make it Easy To Purchase

Today, 50% of the online population are now shopping on mobile devices, and inputting information on small screens can easily kill completing a purchase, increasing cart abandonment. This needs to be an integrated process which today is easily accomplished with the likes of Apple Pay and Google Pay.

We are still in the infancy of social commerce, however taking the time to understand how to interact with and bring value to your target audience will set your brand up for success.

This was original posted here.

By Carol Forden 

View full profile ›
Read more at https://www.business2community.com/social-selling/how-can-brands-make-social-commerce-work-02077048

Sourced from Business 2 Community

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Online advertising is a crucial component of the modern world. It’s how consumers get the help they need to make important purchasing decisions. Additionally, it’s also how businesses improve their chances of earning sustainable revenue streams. Unfortunately, shady practices in the digital environment have led to some controversy over how ethical certain online advertising solutions might be.

Data Collection And Sharing

It’s no secret that organizations like Google and Facebook are constantly gathering data about users in order to provide consumers with a more customized web experience. These major advertising bodies then process user data, package it up and hand it off to other interested parties. This is how they make sure they’re making enough money to provide their clients with a free service.

While research indicates that most people don’t mind sharing their personal information with firms — particularly if it leads to a better shopping experience — they do expect to be asked for their permission first and potentially offered something valuable in return. In fact, according to a study by Columbia Business School, 80% of customers would voluntarily reveal data about themselves in exchange for better product recommendations or rewards points.

Problems do arise, however, when companies collect data without asking. Many people regard this information-gathering practice to be unfair, invasive and, in some cases, illegal. Not only does involuntary data collection upset customers, but it’s also incredibly difficult to keep that information safe, sometimes leading to data breaches and the problems that follow.

Transparency And Keeping Advertisers In Check

Rather than collect data underhandedly, companies need to come up with transparent solutions that effectively balance a tailored user experience and commitment to privacy.

Providing consumers access into which personal pieces of information are being transmitted through the data collection process, and where this information is going, may help advertisers retain consumer trust while being able to collect the data they need.

Agencies and clients alike need to maintain financial and operational transparency, both of which can be obtained via visibility and real-time reporting on their advertising campaigns.

Paving The Way For Better Customer-Company Relationships

If your goal is to build trust in a customer-company relationship, honesty is key. Re-establishing trust, however, requires coming clean about the information you’ve already gathered. From that point on, your company can listen to consumer reactions and concerns, validate their responses and ultimately form a game plan that addresses steps you’re taking to move forward.

Although a project that relies on greater transparency throughout the advertising world might mean that many companies must transform the way they do business, from my perspective, this could be an important step forward in the advertising industry.

The Demand For Greater Transparency

No matter how complicated this new change might be in the eyes of advertising brands, there’s an underlying agreement among many companies that something must be done to improve the regulation of transparency in the marketing and data-gathering sphere. Additionally, with new EU legislative framework set in place, these tools and ideas will not only be relevant to a large selection of firms but also an important part of maintaining compliance.

Ultimately, the rising popularity of a digital world doesn’t necessarily have to mean that customers must give up their privacy. While companies will always need data to help them make more informed and confident marketing decisions, it’s important to think carefully about how this information is collected and stored. All consumers should have a choice about who gets to access their data, and the online world is working hard to make this expectation a reality.

Feature Image Credit: Shutterstock

By

Tim Nichols is a founding partner at ExactDrive, a leading Online Advertising Platform with managed services and reseller options available.

Sourced from Forbes

Sourced from B&T Magazine

A new study into advertising trends by digital marketing and advertising firm Choozle has contradicted some well-held beliefs of the advertising industry.

Admittedly a US study, the report titled 2018 Digital Advertising Trends Survey contradicted assumptions around the rise of video, voice, ad blockers, and that recent digital advertising trends might actually be aggravating consumer distaste in online advertisement. It also brought to light that many consumers are unaware of how these developments affect them.

Ad Platforms and Types

Facebook (54 per cent) and Google (44 per cent) remain the most influential platforms for advertising followed by Instagram (23 percent), Spotify (28 percent), and Pandora (24 percent). Despite increased budgets on Instagram, it still falls far behind the duopoly; however, among the 18-29 age group, 60 per cent said they were influenced by ads on Instagram.

Mobile has continually been predicted as the leading digital advertising channel in 2018. However, only 45 per cent of respondents said they were more likely click on an ad on their mobile device, while 41 per cent said they’re more likely to click on a desktop.

Despite video being a major predicted trend in 2018, 72 per cent of consumers do not prefer video ads over other types of online advertisements.

Surprisingly, it was not the youngest group (18-29) but rather 30 to 44-year-old respondents who prefer videos (38 percent) over any other age group.

Industry headlines and reports also suggest a growing opportunity for voice search advertising, however, the survey revealed that only seven percent of respondents said they’re influenced by ads served through Google Home, and six percent through Amazon’s Alexa.

Connected TV advertising budgets also do not align with consumer sentiment. Some 17 per cent of consumers agreed that they’re influenced by ads on internet-connected TV, and that number increases to 29 per cent within the 18-29 age group.

Consumer Sentiment and Behavior

The survey found that 54 per cent of respondents have not used an ad blocker in the past six months, contradicting industry reports and predictions. However, recent digital advertising trends might actually be aggravating consumer distaste in online advertisement. A further 43 per cent of respondents felt negatively towards advertisements, compared to a similar survey from April of 2017 where only 34 per cent reported a negative sentiment, which reveals that hard feelings may be on the rise. The reasoning behind the negative sentiment included being shown the same advertisement multiple times (25 per cent) and advertisements slowing down the webpage (19 per cent).

Gender sterotypes

Some 25 per cent of respondents agreed they would be more likely to buy from a brand who breaks gender stereotypes. But when asked if they’d noticed a change in gender stereotypes in advertising only 13 per cent of consumers have noticed a significant increase in brands breaking stereotypes since that time, and 27 per cent say they have not seen a change.

Personal data/privacy

Internet users are becoming more and more aware of how–and where–their data is being used. But are we doing enough to educate them on why, how, and where their data is used?

Perhaps not. When respondents were asked their level of understanding around personal data use, 44 per cent of respondents answered that they are not very knowledgeable (26 per cent) or not at all knowledgeable (18 per cent) about what personal data online companies have about them. Beyond privacy awareness, 63 per cent of respondents understand that some companies do sell their personal data to other companies to make money, and 89 per cent do not think companies are doing enough to protect their data.

Even with the General Data Protection Regulations (GDPR) being a major news topic over the past year, 60 per cent of consumers did not know what the regulations entail or how they could be affected. However, 78 per cent of respondents think the US government should adopt stricter privacy and security standards and forty-four percent think that the websites that are showing the ads should be responsible for eliminating ads with false information.

Sourced from B&T Magazine

By Syed Balkhi 

Not many users who visit your website will make a purchase the first time. In fact, on average shoppers make 9 visits to a retailer’s site before deciding to buy. You need to get those users to come back to your site repeatedly in order to increase your conversions and that’s where retargeting comes in.

Retargeting is a pixel you add to your site that “follows” users who have previously visited and left without converting and shows them a targeted ad to reel them back in. Users who are retargeted are 70 percent more likely to convert. Retargeting is not just a banner ad on a website, it’s a highly-specific ad targeted to just the right users.

Retargeting is all about the details; if you’ve started retargeting but aren’t seeing any results from it, you might have rushed through the setup and missed some key elements.

Here are four retargeting mistakes you might be making and how to fix them.

1. Bombarding users with ads.

Don’t you think it would be irritating if everywhere you went you were being followed and had the same ad shoved in your face over and over again? That’s how your customers feel if you’re overloading them with too many ads.

You want to entice users to return to your site, you don’t want to annoy them. So while retargeting can be very successful, if you bombard users with too many ads, the effectiveness will be drastically reduced.

To avoid making this mistake and being spammy to your users, use frequency caps to restrict the number of times an ad is displayed to someone online. This will increase user engagement, maintain your brand’s trustworthiness and you won’t risk ticking off your customers and leads.

2. Not segmenting your audience.

Imagine you bought something from a website and then you’re shown a ton of ads for that product you literally just bought, that’s annoying. If you don’t segment your audience by who’s never purchased vs. who has purchased or by people who pay full price vs. people who only buy sale prices, your retargeting efforts will go to waste.

One tactic is to use burn pixels to avoid displaying ads to users who have already purchased from your website. You don’t want to lose a happy customer by showing them too many ads that aren’t relevant to them. On the other hand, if someone has purchased a product from you, you can target them with a specific ad to upsell to them or encourage re-ordering.

You should also segment your ads based on interest and intent. Retargeting allows you to show users ads based on their personal interests and also based on particular pages they’ve viewed on your site. This is especially important if your online shop sells a wide variety of products. A customer who visits your women’s footwear page multiple times should not be retargeted with an ad for men’s ties for example because you’ll miss out on your chance to sell them those shoes they’re clearly interested in.

3. Not switching up your ads.

If you’re showing users the exact same ad constantly, your ads are eventually going to fade into the internet background and your users will become blind to them. Consumers will get bored easily if an ad never changes and over time click-through rates will decrease. So you need to switch up your ads to keep them fresh.

Run a variety of different ads to keep users engaged, even simply switching up the photos you use can really help. It’s also important to use different ads across different platforms to keep users on their toes.

4. No ad or landing page customization.

Not only do you need to segment your audience but you need customized ads for each segment too. Different people respond to different messages so you need ads that will speak to each of your different audiences. You’re missing out on a lot of opportunities to convert if you’re not customizing your ads for different users, occasions and holidays.

Customize ads for moms who want back to school deals, for instance, the point of retargeting is to make it as relevant to your users as possible in order to convince them to return to you and buy.

You need to customize your landing pages as well. It doesn’t make any sense for a user to click on a customized ad promoting a holiday sale, only to have it lead them to a generic landing page. It will confuse customers and lead to loss of sales so make sure to customize your landing page to your retargeting ads.

Many marketers feel that retargeting is one of the most underused marketing strategies and it’s definitely one that you should take advantage of. Now that you know not just what mistakes you’re making but how to fix them too, you’ll be able to recapture the attention of users that you would have lost before.

By Syed Balkhi 

View full profile ›
Read more at https://www.business2community.com/digital-marketing/4-retargeting-mistakes-and-how-to-fix-them-02093120

Sourced from Business 2 Community

By Shareen Pathak

In-house agencies are all the rage, but most marketers still struggle with taking their advertising and media entirely within their four walls — leading to more brands favoring a “hybrid” approach.

Marketers of all types have made it a mission to talk more directly to their customers, take media planning and strategy, if not the actual buying to their own teams and overall, do more themselves. That means agencies are now doing far less big-picture planning and more execution.

For example, Marriott chief marketing officer Karin Timpone recently launched a new unit, part of the marketing team, called “global marketing optimization” group, which handles everything from overall customer strategy, media and marketing, as well as performance and media buying. This is new, and the group is in charge of also a new media group that handles all global media buying.

The brand also works with Publicis, which created a dedicated team called Marriott One Media to service the account earlier this year. The agency group handles execution while strategy and planning is done internally.

There’s also more media buying done internally, especially at the local-individual-hotel-property level, mostly in search. The brand’s internal agency also is working directly with platforms, like Facebook, on how to buy media there that Timpone said “couldn’t have been done with an external agency partner.” Once the plan is set, the agency can come back and put Facebook in the overall plan — more executional, rather than strategic. “The strategies of what you need for our business, you can’t ever farm that out,” she said.

Timpone declined to say how many people work inside that group but said it was born out of an understanding that marketers needed to be much more in control of their customer journeys than they have been in the past.

In-house agencies, while touted by some like JP Morgan Chase CMO Kristin Lemkau as being more efficient, are also difficult to create: They have expensive startup costs and require a high level of internal buy-in. Plus, agencies still remain, according to CMOs, a place for expertise on new trends and new technologies, which are too difficult for an internal team to stay on top of.

At Northwestern Mutual, chief marketing officer Aditi Gokhale said she isn’t a big believer in outsourcing everything to agencies. “But frankly, from an efficiency perspective, it’s not super efficient to build out a big in-house agency either.”

What’s changed at NM, said Gokhale, is that she and her team now define media and media spend. “The agency doesn’t define it for me, which historically they have,” she said. “I take control of it, the agency executes.”

Ann Billock, partner at Ark Advisors, which advises CMOs about agency partnerships, said that most brands are now using a “hybrid” approach because creating teams in-house is expensive — and talent is often an issue. As Digiday has reported previously, everything from cultural fit issues, to brand marketing talent needing to adapt to a different way of working, to finding people outside the coastal cities can be an issue.

Companies struggle especially to recruit media-buying experts for the client side, with 62 percent of marketers in a recent Digiday survey saying hiring talent is a challenge for bringing media buying in-house. One hurdle when recruiting media buyers for the client side is convincing them that there’s a path for career progression.

That’s what’s creating a movement where more brands are doing more in-house, but few are entirely eschewing agencies. Marc Speichert, chief digital officer at GSK, who said he doesn’t have plans to take everything in-house, said that what is happening is a clearer understanding of the marketer’s internal capabilities and how to increase them — and expect very different things from its agencies. “We have to make sure we push hard,” Speichert said. “As we elevated our own internal capabilities, we are asking much tougher questions of agencies. We have much higher expectations.”

“The most effective partnerships happen when the brand teams do, indeed, handle the strategy but recognize that the brand strategy still needs to be translated into a communications strategy by the agency,” said Billock.

By Shareen Pathak

Sourced from DIGIDAY UK

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Global events can captivate and engage the masses around the world. So it comes as no surprise to see brands working hard to to take advantage of events like the World Cup, the Super Bowl, astronomical events and everything else you can think of. And thanks to the digital revolution, it is now easier than ever before, for smaller brands to follow suit and create their own marketing campaigns during these occasions to generate engagement and brand awareness.

To help find inspiration on your next campaign we’ve highlighted five brands that took advantage of topical events to help grow awareness about their brand and sell their products and services.

1. Iceland Foods – The World Cup

When England’s national soccer team were eliminated by lowly ranked Iceland during Euro 2016, it didn’t take long for a plethora of jokes and memes to emerge on Twitter. Most notably, the UK-based supermarket, Iceland Foods got involved.

In this year’s World Cup tournament taking place in Russia, Iceland qualified for the competition for the first time. Iceland Foods again took advantage by sharing humorous tweets and engaging directly with Iceland’s national soccer team’s Twitter account. Their tongue-in-cheek tweets were numerous, attracting hundreds and sometimes thousands of retweets.

2. Kraft – The Super Bowl

Figures from Statista show us that this year’s Super Bowl was watched by 103.4 million viewers. The Super Bowl has always been a major platform for advertising, generating $385 million in ad revenue in 2017, with each 30-second ad costing $5 million. A majority of these Super Bowl ads rely on celebrity endorsements, which can bump up the overall advertisement cost significantly. Kraft, on the other hand, didn’t rely on celebrity endorsements and opted to create their 2018 Super Bowl ad using user-generated content.

Kraft asked Instagram and Twitter users to upload videos and photos of themselves watching the game with their families using the hashtags #FamilyGreatly and #KraftEntry. The resulting ad, which was essentially a compilation of pictures and videos of families watching the game, positioned Kraft as a family-centered brand.

3. Virgin Media – The Olympics

Virgin Media promotes their Wifi speed as either “superfast” or “ultrafast”. As part of their marketing campaign during the 2016 Summer Olympics, Virgin Media paid homage to Usain Bolt, who set the world record for the 100-meter sprint at 9.58 seconds at the 2009 World Athletics Championship. In their advertisement, Virgin Media strung together ten 9.58-second vignettes that showcased a different part of Bolt’s life. The purpose of the advert was to pay tribute to Bolt and to emphasize the role of speed in sports, and in web browsing.

4. KFC – The Royal Wedding

The rumored story of Prince Harry proposing to Meghan Markle over a roast chicken dinner definitely caught the attention of the marketing department at global restaurant chain, KFC. The fried chicken fast food chain developed a commemorative bucket of chicken that was decorated with a classic regal crest and also had both British and American flags.

Though this campaign was not a big revenue driver, it did align the brand with the royal wedding event and got people talking. Reports suggest that only 50 of these commemorative buckets were available at the KFC branch in Windsor.

5. Amtrak – The Solar Eclipse

The 2017 solar eclipse was the first to hit the US since 1979, and it generated a great deal of excitement. The eclipse was observed right across the country, with the best viewing spots in Missouri, Tennessee, Utah, Nebraska and Wyoming. Many brands took advantage of this occasion, most notably Amtrak. They successfully ran an “Eclipse Train” from Chicago to southern Illinois that gave passengers mesmerizing views of the solar eclipse. They even provided free viewing glasses on board and tickets were sold out.

What’s the most inventive way a brand has taken advantage of a global event? Share your take in the comments below!

By

Sourced from CMS WiRE

By Daniel Farey-Jones

If you were unfamiliar with MediaMonks and want to know more about the company that Sir Martin Sorrell has made his first capture, read on.

When MediaMonks was founded in 2001, its founder Wesley ter Haar and chief executive Victor Knaap (who joined in 2003), were both in their early 20s.

It began in a basement as a digital design boutique in Hilversum, Netherlands, (a city about a half-hour from Amsterdam) and has since cemented its place at the top of the global advertising creative community, helping some of the world’s most-recognised agencies create digital experiences for brands.

It would be another decade before Sir Martin Sorrell’s WPP bought AKQA for $540m (£407m) and rival Publicis Groupe snapped up LBi for a similar sum, as the holding companies’ appetite for digital agencies peaked.

At that time ter Haar and Knaap, MediaMonks chief executive since 2003, were in the early stages of building up their agency from a minnow to the $350m catch it became this week.

They had just opened their first international office, expanding to London in 2010 on the back of work in their home market, often via big-name agencies, for clients such as McDonald’s, Procter & Gamble and Samsung.

Since then MediaMonks has grown from two offices to 11 across Europe, the Americas, Asia and the Middle East, and from 100 staff to 750.

The list of clients availing themselves of its digital content production and ecommerce services now includes Adidas, Amazon, GE, Google, Hyundai, JAB, Johnson & Johnson, Netflix, 3G and Weber.

It expanded its presence on the US West Coast, as well as digital production, with the acquisition of Los Angeles based VR specialist Stopp in 2015.

“While [MediaMonks] has proven its expertise building digital platforms and campaigns, MediaMonks had made few forays into the world of VR,” Campaign US reported at the time.

“Media Monks was pretty much the last of the independent digital agencies of a decent size,” said AKQA’s chief executive Ajaz Ahmed in response to yesterday’s deal.

Recent work includes an immersive game for British Airways in 2015, a ‘Memory Line’ online experience for Cadbury in 2016 and a 360-degree video tour for Burt’s Bees in 2017 (below).

MediaMonks was involved in 18 winning entries at this year’s Cannes Lions, including contributing digital production to the ‘Evert45’ work that won the Grand Prix for Entertainment for Netherlands telecoms company KPN. It taught children about the Second World War by imagining a child of the time’s video and social media diary.

Its festival presence has included a high-profile party for several years running, while ter Haar chaired the Digital Craft Lions jury in 2016.

Ter Haar recently told the journal of SoDA (Society of Digital Agencies), of which he is a board member, about his approach to innovation:

“At MediaMonks we hire or acquire against an internal innovation roadmap based on where we see the confluence of people, products and platforms are headed.

“For us, that has meant the acquisitions of a VR-first production company and a connected commerce company, the launch of a digital-first content company and a hiring spree to bolster our AR capabilities.”

Ahmed went on to wonder: “Is S4 Capital a holding group like WPP, or is it more of a buyout firm?”

“It’s more likely a buyout firm and therefore the end game for MediaMonks will be the company is sold again a few years down the line, once it has generated more revenue and profits.

“It could well end up being re-sold to Accenture Interactive, another consultancy firm or a holding group, once S4 Capital realises more than its significant investment in the company by using it as a platform to maximise the value prior to the next sale.”

Ter Haar and Knaap are savvy operators who previously sold a stake in MediaMonks to private equity firm Bencis and they used JEGI Clarity, the boutique investment bank, which sold Adam & Eve to Omnicom in 2012, to advise on the sale to S4 Capital.

Adam & Eve’s founders ended up getting an estimated £110m as their earn-out maxed out.

MediaMonks will hope they have cut as canny a deal by taking shares in S4 Capital, rather than an earn-out.

However, the founders insist they have not “sold out”

As they say on their website: “We founded MediaMonks 17.5 years ago, we never sold out, but are excited to buy in to the vision of Sir Martin Sorrell to create the next platform for our industry.”

They also promise the “same Cannes celebrations and same creative culture”.

By Daniel Farey-Jones

Sourced from Campaign