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McDonald’s, Old Spice and Corona prove the best branding is multi-sensory.

Multi-sensory branding is on the rise because of one simple human truth; consumers perceive the world using all of their senses. For a brand to succeed in the modern age, it needs to be more than meets the eye, and savvy marketers are building holistic expressions that consider what people see, hear, feel and believe.

When your messaging uses a strategic combination of visual and sonic branding, all boats rise with the tide. Visual branding works on a cognitive level, sonic assets deliver on a deeper emotional level. When they’ve been designed to work in harmony, these sensory dance partners leave a lasting impression that improves performance exponentially (see our pick of the best sonic logos).

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Sourced from CREATIVE BLOQ

By Jamie Bailey, 

Ever shared an article on social media after reading only its headline? Jamie Bailey of Ledger Bennett explains that slowing down can be key to making meaningful content.

“Polar bears face starvation threat as ice melts.”

What’s the point of a headline? To give the newspaper reader a clear picture of an event.

That’s a good newspaper headline because the message has been shared concisely and clearly. You don’t really need to know anything else. You can infer that the melting ice results in a lack of food for polar bears. It doesn’t take much work.

But there’s a big difference between newspapers reporting a factual story and the kind of thing we tend to see in the marketing articles all over our LinkedIn feeds. Polar bears starving is one thing, a deep dive into the transformative power of AI-driven omnichannel marketing is quite another.

Unfortunately, we’re all guilty of reading a headline and assuming we know what the rest of the content will say – and that affects how we read it, if we read it at all. And we’re just as guilty of forming opinions based on those initial assumptions.

It’s the same with B2B content. We see a snappy headline like: “AI-driven omnichannel marketing is the future of B2B marketing“ and share it on social media, without really knowing what the content is about.

Before you know it, there’s a ripple of: “AI-driven omnichannel marketing is the future of B2B marketing“ posts on social media from people who couldn’t tell you the first thing about omnichannel marketing – or all the other considerations and caveats that come with it.

And that’s a dumb thing for us to do.

Think slowly to avoid wrong conclusions

Many compelling stories are just waiting to be heard. But to be able to dive into world-changing arguments, we first need to get past the clickbait world of headlines.

Because some ideas need several paragraphs, not 70 characters.

So why do we often pay more attention to compelling headlines than the content that comes after?

Thankfully, it’s not our fault for thinking this way.

In Thinking, Fast and Slow, Daniel Kahneman outlines two systems of thought. System one (thinking fast) is responsible for our intuitive knowledge and the split-second decision-making we don’t even notice taking place. System two (thinking slow) is responsible for deeper, more deliberate, more active thought and decision-making.

But system two is notoriously lazy. If it can leave the heavy lifting to system one, it will.

The problem with system one? Its ability to map stored knowledge onto new events leads to a tendency to jump to conclusions. And they aren’t always right.

Deciding “ice melts“ means less food sources for polar bears – and less food for polar bears means a heightened risk of starvation – is an example of our system one jumping to a correct conclusion.

But deciding: “AI-driven omnichannel marketing is the future of B2B marketing“ means that all you need to succeed in 2024 is some more AI-driven omnichannel marketing – whatever that means – and you can ditch everything else?

That’s clearly a bit dumb.

And yet, that’s what you might end up thinking if you scour LinkedIn posts re-sharing the article.

It’s not all bad news

The good news is – it isn’t all bad. I’m not lamenting every single marketer in existence. Consider this more of a rallying cry to engage your system two brain a bit more and take the time to properly think about what the experts in our industry are really trying to tell us.

Think deeper. Think slower. Stop taking things at face value.

It won’t end world hunger.

But it might end a LinkedIn feed full of know-nothings.

Feature Image Credit:  Ian Maina via Unsplash

By Jamie Bailey, 

Sourced from The Drum

Sourced from RETAILDIVE

Social commerce is where social media and e-commerce intertwine. Consumers scroll social media platforms like TikTok and Instagram for entertainment and information. More recently, consumers are using social media to browse and shop online. If brands want to reach a new pool of consumers, they must meet shoppers where they are.

Consumers want convenience and variety when shopping online – and they are willing to invest time and effort to comparison shop. An overwhelming 82% of global consumers will visit two or more websites before buying, according to the 2023 Online Consumer Behaviour Global Report by Rithum and research firm Dynata. This report was based on a survey of over 6,000 online shoppers across the U.S., U.K., Australia, France, Germany, Sweden and Denmark in August 2023.

That’s the same percentage of consumers who found items through Amazon recommended products and Google search ads. 72% of consumers said they would go further, visiting two to four websites before buying, according to the report.

Social commerce is popular among younger consumers

Adding social media platforms as a selling channel gives direct-to-consumer (DTC) brands the opportunity to connect with audiences they might not otherwise reach. This includes reaching younger consumers who are comfortable scrolling and trying new products they find through social media. According to the report, 63% of consumers between the ages 18-25 said they had been influenced to make a purchase after seeing a product promoted by a brand on social media in the past 12 months.

Consumers comfortable purchasing through social media are expected to buy more through 2027. According to market research company eMarketer, U.S. social commerce sales per buyer is expected to nearly double from $627.8 billion in 2023 to $1,223.7 billion in 2027.

That influence isn’t limited to Gen Z’ers. More than half of consumers (53%) ages 26-35, and 40% of consumers ages 36-45 also said they were influenced to buy products they saw through social media ads, according to the Rithum and Dynata report.

Social media goes beyond brand awareness

Social commerce is evolving. The rate at which it has grown has exploded over the last year. It is expected to reach $1.698 trillion in sales by the end of 2024, according to data gathering platform Statista. That momentum shows no signs of slowing.

Consumer behaviour indicates that social commerce is a retail opportunity for the long-term. 23% of global consumers indicated that they already use their social media feed to find products to buy online, according to the Rithum and Dynata report.

According to research and consulting firm Forrester’s August 2023 Consumer Pulse Survey, 46% of consumers who participated in back-to-school shopping bought directly from an ad they saw on social media. But brands are learning they can leverage social media beyond sponsored ads. It is its own selling channel.

ByteDance’s TikTok launched TikTok Shop in September 2023 in the United States. TikTok Shop is also live in the United Kingdom. Instead of relying solely on ads, influencer’s user-generated content (UGC) creates an authentic shopping experience. Consumers can now buy products promoted by their favourite content creators. TikTok’s community spans more than 1 billion monthly active users.

Social commerce as an authentic shopping experience

Brands can look to content creators, or influencers, to reach new consumers. Here, it’s the quality, rather than quantity, of followers that matter. Non-celebrity micro-influencers with a few thousand loyal followers capture attention and can contribute toward a higher conversion rate for a product.

Authenticity is increasingly important. Micro-influencers have gained followers by sharing their lives or advice on social media. UGC is not produced or polished by brands. Here, the content creator shares a product they like with their followers. As a result, consumers tend to trust their recommendations.

Brands can partner with influencers, where the influencer promotes the brand’s products or services through social media platforms such as TikTok, Facebook, Instagram, YouTube and others. These relationships can be established directly between the influencer and brand or be connected through agencies that help usher these relationships to find the right fit.

Apparel and beauty categories are popular among consumers shopping through social media. These tend to be lower-priced purchases, so the risk and reward is less prohibitive. It’s also easy with less friction to pay at checkout. Consumers can increasingly pay through various social media apps using trusted methods such as PayPal, Apple Pay, Google Pay and Venmo.

The evolution of social commerce isn’t a passing trend. Consumers want an honest review – and they feel they can trust the content creators they follow on social media. Social media opens a gateway for brands to create an authentic connection with consumers. Learn more about selling on TikTok Shop, and Shops on Facebook and Instagram.

Feature Image Credit: iStock.com/georgeclerk

Sourced from RETAILDIVE

Sourced from Forbes

For many new entrepreneurs, one of the most exciting stages of starting a business is getting the word out to potential customers. This is the stage when you can finally start to generate interest in what you have to offer, which means more customers and more profits. However, marketing can involve a multitude of different strategies and tactics, leaving plenty of room for error and overcomplication.

Thankfully, like most things in business, marketing mistakes create a great opportunity to learn and adjust for future success. To help, 14 experts from Forbes Communications Council discuss some of the most common marketing mistakes they see a lot of startups make, as well as their recommendations for what they should be doing instead.

1. Trying To Tackle It All

The pace, the speed, the desire to “do it all”—these are the traps to be wary of as the team sets out to develop a brand or launch a product as a startup. Simply put, instead of tackling it all, take on one, two or maybe three short-term initiatives that can both drive revenue and build your brand. Stay disciplined and be willing to defend your decisions within the organization. – Blair Primis, Flagship Specialty Partners

2. Agonizing Over Their Online Presence

Startups often agonize over their online presence, taking on large web design projects, spending valuable time on logo work and delaying social media. They should invest time in developing products and services, getting the right employees and finding and supporting customers. Get started in practical ways online and upgrade over time versus going for perfection early on. – Tom Treanor, Snipp Interactive

3. Failing To Follow A Strategy Based On Research

Startups often take on random acts of marketing versus following a strategy based on research: market, buyer, competition. Further, many startups feel they can buy their way into leads and brand recognition with paid ads. But without strategy, experience and data, they will churn through the budget fast with very little quality or output to show for it. – Alison Murdock, Trusted CMO, Inc.

4. Putting More Effort Into Marketing Than The Actual Product

A pattern I’ve seen in many startups is the 80/20 mix: 80% of the budget and resources go to marketing, while 20% go to product. While this might be effective in securing early funding and a strong user base, empty hype around products with limited value and functionality will damage a young company’s credibility and diminish its potential for future growth (or acquisition). If you build it, they will come. – Nick Karoglou, ACI Worldwide

5. Rushing Toward A ‘Big Bang’ Approach

A common misstep I’ve observed is the rush toward the “big bang” approach in marketing without first understanding the battlefield. It’s like launching a spectacular fireworks display in broad daylight! The mantra should be: Observe, engage, then fire. Find out where your audience hangs out, experiment in those spaces with bite-sized, impactful messages, and then learn from the feedback and scale. – Vikas Agrawal, Infobrandz

6. Prioritizing Short-Term Gains Over Branding

Startups often prioritize short-term gains over branding. Instead, focus on defining brand identity, maintaining consistent messaging, delivering exceptional customer experiences, building trust, investing in content marketing and embracing authenticity. These aspects contribute to a strong foundation for long-term success. – Suneeta Motala, Stewards Investment Capital

7. Mistaking ‘Activity’ For ‘Strategy’

Too many marketers, especially early in their careers, mistake “activity” for “strategy.” To avoid this problem, brands need to clearly define their audience, understand the problem they solve and articulate their point of difference. Start there, and then create marketing objectives, strategies and measures from which to execute. – Dave Minifie, Terakeet

8. Focusing On The Bottom Of The Marketing Funnel

Most startups are so zeroed in on revenue that they tend to focus on the bottom of the marketing funnel. This is amplified by the fact that lower funnel marketing activities are easier to track and provide valuable data for startups. That said, startups are entering new markets with no brand awareness. Investing in brand building allows companies to broaden their pool of interest and be more efficient. – Roshni Wijayasinha, Prosh Marketing

9. Developing The Brand Before Conducting Market Research

It’s not about the logo. I’ve seen it time and time again. Many founders are too quick to spend time and/or money on developing the brand before they have invested in market research to establish the viability of their product or service, define differentiators and determine the target market among other things critical to the success of a startup. – Jen Iliff3X Marketing

10. Overlooking The Importance Of A Cohesive Brand Identity

Startups often fail to establish a consistent visual and messaging presence, hindering brand recognition. Instead, they should invest in creating a strong brand identity from the outset, ensuring consistency across all touchpoints. This builds trust, fosters brand loyalty and sets the foundation for successful long-term efforts. – Maria Alonso, Fortune 206

11. Assuming Media Coverage Will Generate Funding

Startups often think generating media coverage will automatically lead to funding. In reality, investors invest in founders. Startups should prioritize building founders’ market credibility and showcase their ability to scale the business. Strong leadership and a solid customer base will help make startups more attractive to investors, increasing their chances of securing funding in the long run. – Parna Sarkar-Basu, Brand and Buzz Consulting, LLC

12. Aiming To Make A ‘Big Splash’

Startups want to make a big splash and too often go for the quick hit that fizzes out. Startups need to start with a strategic plan that includes their vision and goals. From there, a marketer can develop a plan that aligns with the strategy, creating a regular cadence of brand awareness and important sales. This will help a startup last! – Kimberly Osborne, UNC Greensboro

13. Lacking Focus And A Plan

A startup has limited resources, yet founders often try to be all things to all people. Do the research, understand the market for your product, talk to customers directly for their insights and build a focused go-to-market plan. I built a GTM blueprint that includes the ideal customer profile, the company manifesto (unique selling point, messaging and more) and a comprehensive execution plan. But, above all, gain focus. – Doug Vinson, Secuvy Inc.

14. Taking The ‘Faster, Better, Cheaper’ Route

“Faster, better, cheaper” is not a strong basis for long-term competitive advantage. Startups tend to focus on launching new products and branding based on functional benefits against a narrow target market. Build competitive advantage by ensuring your brand is differentiated from your competition and incorporates emotional benefits, purpose and identity. Build your brand—not just your revenue. – Toby Wong, Toby Wong Consulting

Feature Image Credit: GETTY

Sourced from Forbes

Communications, PR, public affairs & media relations executives from Forbes Communications Council share firsthand insights.

BY DMITRII KHASANOV.

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts.

Investing in digital marketing is no longer a desire but a strategic step that can lead a business to success. According to The Global Strategic Business Report, the digital marketing market is growing at an annual growth rate of 13.9%. So, it’s expected to reach a whopping $1.5 trillion by 2030.

As a reference, the digital advertising market is projected to reach $680 billion in 2023. Businesses cannot exist without marketing, so companies actively invest in different digital marketing channels.

Social media is at the top of the list, offering a variety of platforms to communicate with clients and users. However, dealing with cross-platform content marketing might seem daunting initially, but it doesn’t have to be. Many marketers aim to expand their reach across various social media platforms, yet efficiency becomes a concern, especially without a clear approach.

To make your marketing strategy seamless across platforms, it’s essential to craft content that aligns with each platform’s vibe. This ensures a cohesive experience, steering away from the typical advertising that users tend to avoid. Tailoring your campaign to fit each platform’s unique posting requirements not only boosts engagement but also ensures your audience connects with your brand in a genuine way.

What are the advantages of having cross-platform campaigns for a business?

Each platform has a unique purpose. Instagram and Twitter focus on awareness, while Facebook excels in conversions through ads. Tailoring goals to each platform enhances your overall strategy. Platforms vary in visual and text-based aspects. A cross-platform strategy ensures your content seamlessly fits each medium, making it relatable and effective.

Cross-platform campaigns outshine single-platform efforts. Avoid the ‘copy and paste’ trap by customizing content for each platform, optimizing engagement and reaching a broader audience. Consistent branding across platforms builds loyalty and trust. A unified brand presence reinforces your identity and boosts the impact of your marketing efforts.

Aligning marketing campaigns across platforms may seem like a daunting task that demands significant attention and resources. Indeed, it is. Nevertheless, you can consider the key factors that impact the success of developing a cross-platform digital marketing strategy.

1. Set platform-specific goals

Before diving in, it’s crucial to undertake this pivotal step. While you may already have an overarching goal for your campaign, it’s imperative to set specific goals for each platform you’ll be utilizing. Here are some illustrative examples:

  • Instagram: Promote engagement and discovery.
  • Pinterest: Drive conversion to the website.
  • LinkedIn: Build B2B-focused marketing campaigns
  • Facebook: Promote engagement and attract leads.
  • Medium: Share expertise and experience.

2. Say no to copy-paste (almost)

Since platforms have their own quirks, it’s crucial to customize content for each one. Yet, you can consider duplicating content for platforms that share similar audience segments. However, copying and pasting the same content across multiple platforms will be the biggest red flag for people potentially interested in interacting with your content.

3. Use paid and organic strategies together

Blend paid and organic approaches thoughtfully. A well-timed boost through paid promotion can enhance visibility. Experiment to discover the optimal balance.

4. Include search terms in your name or username

Make yourself more discoverable by adding relevant keywords to your username or profile name. SEO (Search Engine Optimization) helps the right audience find your profile easily when they search for related topics. Test different keywords to optimize your profile and attract the most targeted users.

5. Get verified

Where applicable, secure a verified badge — the coveted blue checkmark. This symbol not only instils trust but also sets your brand apart as authentic, bolstering overall credibility. As a result, users are more likely to engage with and trust your brand. Experiment with the verification process to enhance your brand’s authority and recognition.

6. Schedule your content

Strategic planning and scheduling of content in advance are the must-do. By doing so, you ensure a seamless narrative and prevent disjointed announcements. Develop a well-thought-out content calendar to maintain consistency and engage your audience effectively. You are free to try out different scheduling approaches to find the rhythm that works best for your brand.

7. Diversify your content types

Photos, videos, articles, storytelling, educational or entertainment content, case studies and way more — experimenting with different post styles expands your cross-platform marketing arsenal, offering a broader range of options to grow your brand organically.

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts. Using the unique features of each platform and maintaining a consistent brand identity allows marketers to unleash the potential of cross-platform campaigns. This, in turn, expands their audience, creates meaningful touchpoints, and enhances conversion rates. Begin by honing your approach on one platform and gradually replicate successful strategies across others, fostering a dynamic and engaging brand presence online.

BY DMITRII KHASANOV.

ENTREPRENEUR LEADERSHIP NETWORK® CONTRIBUTOR. Founder of Melandia Agency

Sourced from Entrepreneur

By Jasmine Sheena.

Billion Dollar Boy, Gut, and Mischief are focused on ensuring that work powered by the tech retains a human touch.

It’s been over a year since ChatGPT first rolled out, and while constantly hearing the phrase “generative AI” has been really a(i)nnoying, there’s no doubt the technology has transformed the world. It was one of the hottest topics at CES earlier this year, and SXSW has a dedicated track for the tech.

When something’s trendy, marketers tend to take notice, and we spoke to execs at several agencies about how they have taken ChatGPT and other generative AI tools into their own hands. They told Marketing Brew that, so far, adland has found unique ways to incorporate generative AI into workflows while working to ensure there is still a human touch, all while tech giants and the federal government alike weigh potential restrictions on the tech.

Lead by example

For independent shop Billion Dollar Boy, generative AI has been useful in influencer marketing. The agency set up Muse, an emerging tech arm to help leverage AI for influencer content creation for clients, Thomas Walters, Billion Dollar Boy’s founder and its European CEO, told us. Muse, which has worked with AI artists like Jo Ann and Elmo Mistiaen on brand campaigns, has also worked with brands including Lipton Iced Tea and Versace, Walters said.

“[It’s] really at the bleeding edge of advertising,” he said.

Internally, the agency is interrogating ways to use AI to optimize work, Walters said. BDB set up a taskforce made up of folks across its departments, from leadership to business affairs, to identify workflow problems and figure out how to solve them using AI tools, Walters said. For example, after realizing the agency’s staff was spending a lot of time manually performing due diligence checks on influencers, the agency created a tool it built using ChatGPT that evaluates influencers’ posts and applies a “risk rating.”

Feature Image Credit: Amelia Kinsinger

By Jasmine Sheena

Sourced from Marketing Brew

By Anton Lipkanou.

For too long, marketers have clung to the marketing funnel, blissfully unaware (or, in some cases, willfully ignorant) of the reality that today’s consumers follow a buying journey that doesn’t follow a funnel.

The days of casting wide nets with channel-first tactics are over. I believe that chief marketing officers who want their brands to be industry leaders must let go of the archaic strategies that once dominated their playbooks and instead focus their efforts on converting only the best of the best: their superfans.

The Downfall Of Traditional Marketing

Once celebrated for its simplicity, the marketing funnel model now falls short in mapping the intricate, non-linear journey of the modern consumer. It naively views the consumer journey as a straight shot from awareness to purchase, a concept laughably out of sync with the multifaceted, unpredictable nature of today’s consumer.

Despite the growing body of evidence pointing to the funnel’s obsolescence, the marketing world clings to it like a crutch. This reluctance to evolve is an ingrained mindset and a stubborn refusal to acknowledge that the game has changed. But the digital transformation doesn’t care about our comfort zones. Today’s consumers, armed with information and options, don’t just passively drift down a funnel. They’re active players, often sidestepping our best-laid marketing strategies.

In the third quarter of 2023, retail e-commerce sales saw the highest quarterly revenue in United States history—roughly $284 billion. As consumers increasingly turn to digital platforms, it becomes more important to adopt a more nuanced, consumer-centric marketing approach. Those who recognize this shift and move to strategies that engage with the evolving dynamics of consumer interaction can be the ones to capitalize on this historic surge in e-commerce activity.

Modern Marketing Challenges

Paid social media has aggressively expanded its influence past the top of the funnel, dramatically impacting a hallmark marketing metric: the cost per acquisition (CPA). The reliance on CPAs from these platforms has become a double-edged sword. Marketers putting all their eggs in the easy-to-measure paid social CPA basket have watched as costs skyrocket, leading to financial losses.

As we say goodbye to third-party cookies, marketers face a profound shift in data collection. Technology democratization has leveled the playing field, but this seismic shift comes with new challenges. Major digital platforms are increasingly pushing modeled data, which subtly encourages a dependency that could skew marketing decisions by driving reliance on convenient but inaccurate data. Thus, the real challenge for marketers is discerning the truth in a sea of approximations. The key lies in using this data judiciously, complementing it with other organic insights to ensure a grounded approach to understanding consumer behavior.

With a media inflation rate soaring past 5% (registration required), corporations demand efficiency. This can lead to significant compromises, not just in campaign quality but also in consumer engagement. Marketers must innovate and find ways to optimize budgets without sacrificing the long-term vision and engagement that fuel brand growth.

The Superfan Marketing Revolution

Superfan marketing is a strategic shift that prioritizes deep understanding and engagement with the real VIPs of the brand: superfans. In the post-cookie landscape, marketers are being called back to the basics: truly and profoundly understanding their consumers, brand positioning and product-market fit.

Gone are the days when marketers could lean on broad data to attribute impressions across the conversion funnel. Now, the game demands marketing that doesn’t just reach people but persuades them. While this approach demands more focus and effort, I believe it’s the only way a brand can win in this new era of marketing.

Creating A Supercycle

These superfans, the most engaged and loyal customers, are at the heart of this approach. Putting prospective superfans at the forefront of marketing strategies is about investing resources to delve into the depths of what makes them tick. This means understanding their specific needs, preferences and behaviors and then tailoring your messaging and strategies to resonate with their unique consumer DNA. Here’s how:

1. Leverage data to identify and engage potential superfans.

Re-imagine the traditional marketing funnel. Instead of looking at the funnel horizontally by stages, slice the funnel vertically by audience segment and focus only on the superfans. This is not about creating generic customer experiences for anyone who might buy; it’s about crafting personalized journeys that speak directly to the needs and preferences of your superfan segment. The goal here is to create a high-spend, high-value experience to nurture these prospects with such precision and care that they evolve into loyal, high-value customers.

2. Break down the silos between data, media and technology.

Data, media, and technology need to collaborate within your organization to ensure that the data insights inform media planning and technology deployment. But it doesn’t stop there. You must also optimize continuously. Analyze the effectiveness of your strategies and tactics in real time, using data and feedback to refine and adjust your approach.

3. Focus on strategic effectiveness.

Traditional marketing lives by the mantra “every prospect has value,” but this couldn’t be further from the truth. I believe distractors need to be cut from your attention completely. The core middle—the 80% of your customers who provide a decent amount of revenue but are not loyal to your brand—is not worth the resources required to figure them out. To make a real, material difference, focus your marketing only on your superfans.

Now is the moment to evaluate your marketing strategies. By stepping away from the outdated marketing funnel and embracing superfan marketing, savvy CMOs can write the playbook for the future.

Feature Image Credit: GETTY

By Anton Lipkanou.

Follow me on LinkedIn. Check out my website.

Anton Lipkanou is President / Partner at Delve Partners. Read Anton Lipkanou’s full executive profile here.

Sourced from Forbes

Meta has announced a heap of new ad updates, primarily focused on retailers and those using its automated Advantage+ campaigns.

And there are a lot of niche use cases within these new updates, which could apply to your business.

The first update is “Advantage+ creative optimizations”, which will automatically optimize your video ads for viewing on Reels, or the mobile Facebook and Instagram apps with 9:16 ratio.

Meta ShopTalk update

That will help more brands tap into the popularity of the various Meta video formats, with Reels being the key focus.

As per Meta:

Reels and video on our apps continues to grow as daily watch times across all video types grew over 25% year-over-year in Q4. In fact people now reshare Reels 3.5 billion times every day.”

The new process will also enable advertisers to dynamically create multiple variations of an ad, so the system then has more options to display to users, depending on what they respond best to.

Meta’s also updating its Advantage+ catalogue ads, with the added capacity to import and use branded videos or customer demonstration videos, instead of just static images.

Meta ShopTalk update

Advantage catalogue ads, which Meta first launched in beta testing last year, provide personalized recommendations to users, based on what Meta’s system detects that each will be most interested in, and this new process will provide more capacity to showcase relevant products within the display.

Meta’s will also now enable brands to upload a “hero” image in the centre of their catalogue ads, which Meta’s AI will then use to show people the best products from their catalogue to drive performance.

Meta’s also adding more eCommerce ad options, with users of Magento and Salesforce Commerce Cloud now able to create Shops ads within their management systems. Meta’s also integrating its Shops ads and branded content ads (now called “Partnership ads”), which will enable direct purchasing from collaborative campaigns.

And there’s also new elements in Reminder Ads on Instagram:

“Now, advertisers can include external links to a new product or sale in their Reminder ads to help turn a person’s interest into a purchase. This summer, we’ll also give advertisers ways to notify people when an event starts and before it ends.”

Meta ShopTalk update

Meta’s also looking to expand Reminder ads to Reels in the coming months.

There’s also new Promo Codes promotions on Facebook and Instagram, as well as ads with product tags:

“In March, we’ll bring ads with product tags to Facebook Feed (currently Instagram only), and in April, we’ll launch the global availability of ads with product tags to all businesses, whether or not they maintain a Shop.”

Meta ShopTalk update

Meta’s also updating its Collaborative ads offering, to provide more analytics on performance, while it’s also testing the ability for advertisers to use Collaborative ads with Advantage+ shopping campaigns.

Finally, Meta’s also working on Advantage+ Catalogue ads with omnichannel brand and product level reporting as a new managed service solution “to help RMNs prove that ads on Meta platforms drove sales online and in-store”.

So yeah, a heap of updates, all with varying levels of applicability and use. And while there may not be some huge, headline change that will get the most attention, there’s a lot of value for specific brands within these changes.

Sourced from Social Media Today

By 

AI supplants conventional search engines, their loss of market share will change the digital ad landscape, says research firm Gartner.

A new report from the research firm Gartner, has some unsettling news for search engine giants like Google and Microsoft’s Bing. It predicts that as everyday net users become more comfortable with AI tech and incorporate it into their general net habits, chatbots and other agents will lead to a drop of 25 percent in “traditional search engine volume.” The search giants will then simply be “losing market share to AI chatbots and other virtual agents.”

One reason to care about this news is to remember that the search engine giants are really marketing giants. Search engines are useful, but Google makes money by selling ads that leverage data from its search engine. These ads are designed to convert to profits for the companies whose wares are being promoted. Plus placing Google ads on a website is a revenue source that many other companies rely on–perhaps best known for being used by media firms. If AI upends search, then by definition this means it will similarly upend current marketing practices. And disrupted marketing norms mean that how you think about using online systems to market your company’s products will have to change too.

AI already plays a role in marketing. Chatbots are touted as having copy generating skills that can boost small companies’ public relations efforts, but the tech is also having an effect inside the marketing process itself. An example of this is Shopify’s recent AI-powered Semantic Search system, which uses AI to sniff through the text and image data of a manufacturer’s products and then dream up better search-matching terms so that they don’t miss out on matching to customers searching for a particular phrase. But this is simply using AI to improve current search-based marketing systems.

AI–smart enough to steal traffic

More important is the notion that AI chatbots can “steal” search engine traffic. Think of how many of the queries that you usually direct at Google-from basic stuff like “what’s 200 Farenheit in Celsius?” to more complex matters like “what’s the most recent games console made by Sony?”–could be answered by a chatbot instead. Typing those queries into ChatGPT or a system like Microsoft’s Copilot could mean they aren’t directed through Google’s labyrinthine search engine systems.

There’s also a hint that future web surfing won’t be as search-centric as it is now, thanks to the novel Arc app. Arc leverages search engine results as part of its answers to user queries, but the app promises to do the boring bits of web searching for you, neatly curating the answers above more traditional search engine results. AI “agents” are another emergent form of the tech that could impact search-AI systems that’re able to go off and perform a complex sequence of tasks for you, like searching for some data and analysing it automatically.

Google, of course, is savvy regarding these trends, and last year launched its own AI search push, with its Search Generative Experience. This is an effort to add in some of the clever summarizing abilities of generative AI systems to Google’s traditional search system, saving users time they’d otherwise have spent trawling through a handful of the top search results in order to learn the actual answer to the queries they typed in.

But as AI use expands, and firms like Microsoft double– and triple-down on their efforts to incorporate AI into everyone’s digital lives, the question of the role of traditional search compared to AI chatbots and similar tech remains an open one. AI will soon impact how you think about marketing your company’s products and Search Engine Optimization to bolster traffic to your website may even stop being such an important factor.

So if you’re building a long-term marketing strategy right now it might be worth examining how you can leverage AI products to market your wares alongside more traditional search systems. It’s always smart to skate to where the puck is going to be versus where it currently is.

Feature Image Credit: Getty Images

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Sourced from Inc.

BY ASHLEY HUBKA.

Social media platforms are great tools for “listening” to ongoing conversations to understand what is important in your community.

As we move into 2024, two trends are reshaping how businesses engage with their customers. The first is the shrinking gap between awareness and purchasing, which is evident in the skyrocketing popularity of social commerce, which merges social media discovery with e-commerce. The second is the growing consensus nationwide that businesses should contribute to the well-being of their local communities. This expectation transcends traditional notions of corporate responsibility and asks companies to take the lead in building strong local economies and more resilient communities.

Both trends present opportunities for businesses to generate competitive advantages and growth opportunities, and why an organization’s social platforms should be a strategic priority in the year ahead.

Bridging the discovery-purchase gap

With a growing demand for convenience and immediacy, consumers are moving through the consideration phase of the traditional awareness-consideration-purchase journey online and at lightning speed. This shift requires businesses to focus on converting customers in real time. Social media is quickly becoming the first option for consumers to engage with their favourite brands, shop for the products they love and discover new ones. Because digital discovery often leads directly to purchase, integrating shopping experiences into consumers’ social media feeds is essential to satisfying their desire for convenience and immediacy. This approach caters to the shift in consumer behaviour by emphasizing seamless and personalized interactions with brands in familiar online spaces.

Social media platforms regularly roll out new features and functionalities. For example, last year, TikTok launched its TikTok Shop, and Instagram replaced its “Live Shopping” section with the “Buy Now” and “Add to Cart” buttons to make it easy for users to purchase products as they scroll through their Feed and Reels interfaces.

Retailers are realizing that social commerce platforms like TikTok Shopping, Instagram and YouTube Shopping have become vibrant marketplaces. This is not a fad; Statista projects social commerce will generate $3.37 trillion by 2028 at an annual growth rate of nearly 30%!

Walmart tapped into the power of social commerce last December with our innovative “Add to Heart” shoppable series that combined the holiday season traditions of shopping and watching holiday movies. This first-of-its-kind shoppable commercial series featured over 330 products featured in the series available for real-time purchase, including furniture, holiday décor and clothing items the cast members wore. Customers could watch “Add to Heart” on TikTok, Roku, YouTube and Walmart’s social media channels, and TikTok’s Video Shopping Ads and Roku’s “Ok to Text” feature enabled them to shop whether they were at home or on the go.

The applications and benefits of social commerce are not limited to consumer retail. LinkedIn’s native lead generation is a short hop to something like in-video actions to bridge the gap between discovery and B2B sales. Social commerce is also a viable sales platform for service providers. An insurance company may not offer products its customers can add to a virtual shopping cart, but it can distribute engaging content via social commerce to generate leads and sales.

For now, capitalizing on this trend requires businesses to create interactive, entertaining content that engages audiences who may never set foot in their physical locations. But with the ever-changing social platforms and the tools they provide, what works today might not work tomorrow. That’s why it’s essential to regularly review customer engagement and social media strategies and adapt to and take advantage of them.

Make community building a business priority

While social commerce platforms are transforming traditional sales models, an equally important shift is occurring in how businesses interact with their communities and the role social media platforms play in those interactions.

Organizations of all sizes should make fostering the well-being of their local communities a top priority in 2024. Companies can achieve higher visibility and create positive change by gaining an understanding of what matters most to their community. Demonstrating a commitment to communities, employees and customers is a strategic choice and a key driver for long-term success.

At Walmart, we know that applies to us too. Walmart is a big company, but we are also a collection of businesses in more than 4,600 communities committed to being good stewards of the places our associates and customers call home. We aim to:

  • Create value for communities by providing convenient access to affordable, quality goods and services through our omnichannel business model and everyday low prices.
  • Contribute to economic vitality by providing quality jobs, training and career paths, investing in local suppliers, and contributing to local economies.
  • Strengthen community resilience by supporting local organizations and causes that matter to our customers and associates, increasing food access, and preparing for and responding to disasters.
  • Build more inclusive and engaged communities by advancing equity, supporting caring and connected communities, and deepening engagement between our stores and clubs and their surrounding communities.

Consider how your social media strategy can help you optimize your approach. Social media platforms are great tools for “listening” to ongoing conversations to understand what is important in your community. They also identify opportunities to get involved and make meaningful contributions to the things that matter to your community. Humbly sharing a business’s involvement on social media will help increase awareness and favourability, strengthening its reputation.

BY ASHLEY HUBKA.

ENTREPRENEUR LEADERSHIP NETWORK® CONTRIBUTOR

Senior Vice President & General Manager, Walmart Business, Ashley Hubka, oversees the retailer’s eCommerce experience built to empower SMBs and non-profits. She oversees strategy, operations and growth drivers. Prior, she served as SVP, Enterprise Strategy, Corporate Development & Strategic Partnerships for Walmart.

Sourced from Entrepreneur