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No matter the industry, product, customer or size, a company’s brand is its single most important asset. Your brand isn’t just your logo. It’s how you interact with the world — from your customers to your employees — and it all stems from the brand. So, what do you do with your most important asset? You protect and grow it.

At times, those two things — protect and grow — can seem like two opposing forces. If you protect something, you have to keep it close. But to grow something, you have to give it space. This is why it’s critical that your agency understands the ecosystem that is your brand.

Your brand manifests itself through strategy and identity, experience and storytelling.

Strategy And Identity

Your brand strategy and identity are the essence and foundation of who you are and what you stand for. We use our own brand process to reveal our clients’ brands through five key components: Purpose, Promise, Character, Champions and Assets.

Though a lot goes into crafting each of these components of a brand strategy, at their most basic levels, this is what each one stands for:

Purpose: This is your why. The purpose is very, very high and emotional.

Promise: This is what you do. This is the one thing you promise your customers.

Character: This is who you are. The unique blend of personal human traits that allow your brand to interact with other humans.

Champions: The people who love and advocate for the brand. Anyone who loves you — customers, employees, partners, etc.

Assets: The things you own to deliver on your promise. What your brand owns or does that allows you to uniquely provide your what.

Many people use different terminology for these five components, which is perfectly fine, as long as the adequate level of effort is invested in uncovering and articulating the components of the brand.

This framework articulates the brand’s essence — what it stands for, what and how it delivers, and who it is. This framework provides the foundation for when the brand’s identity comes to life, both visually and verbally. It serves as an internal guide that informs all interactions and representations — from employees to partners to customers. When everything a brand does is couched in this strategic framework, it will be protected from distortion and misrepresentation, commonly referred to as “off strategy.” That’s why it’s so important that the agency working on the creative execution of a brand understands the brand’s strategy and how to translate it.

Brand Experience

Your brand experience is how your brand shows up in the world. This is how people experience the brand. No matter if your company is B2B or B2C, it still interacts with people. This is why it’s critical that when you deploy your brand (again, your most valuable asset), you do so in an intentional way that creates value. In crafting your brand experience, think about why it matters to someone — why should they care? What is their reason to believe? The best brand experiences are designed with the customer at the forefront.

Storytelling

Lastly is brand storytelling. When people experience your brand — through sight and sound — they often have a reaction. Sometimes it’s emotional, sometimes it’s intellectual. These reactions create a story — a story of how a brand makes a person feel or think. The way a brand grows is by telling these stories and putting them out into the world. When someone sees themself in that story, they want to experience it too. This is where the growth occurs, then it multiplies.

The delicate balance of these three entities is critical for a brand and any agency that works with a brand to understand and practice. Your brand is a living, breathing thing. It needs constant attention, evaluation and the freedom and means to interact with the world.

The best advice I can give is to invest in your brand. Campaigns come and go, but your brand should be enduring. And for something to be enduring, it has to be well-crafted and thought out. It must never be addressed with a “this will work for now” mentality. What you save in cutting corners on your brand, you will lose in dividends with off-strategy work. What you gain when you invest in your brand will repay you in multiples in the market.

Feature Image Credit: Getty

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Blair Brady is CEO & Co-Founder of the award-winning WITH/agency, a creative agency driven by brand strategy.

Sourced from Forbes

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With digital marketing becoming an influential approach for most brands, the importance of brand management is often underrated. Simply put, brand management is the science of creating a positive relationship with the target market. However, it also entails the various facets of the customer’s association with the brand and even the relation to the purchasing process. There are five effective principles of brand management which are important for most brands to effectively manage their target market and garner a positive response from the consumers:

Know your USP

Each brand has a unique selling point. This USP sets your brand apart from your competitors. For instance, Idea’ “India ho Gaya hai 3G me busy” ensured that they came up as the leading telephonic brand for the 3G technology. Similarly, the affordable rates offered by JIO for 4G technology set the approach as a brand differentiation key. In order to create it, the product’s position needs to be fit properly in the market. Here, the demographics of the consumer base will play a huge role in understanding what kind of branding will intrigue them.

Relate your marketing communication to brand awareness

Very few people understand the difference between marketing messaging and effective marketing communication. All the communication that goes out through your brand should include your USP and be associated with the brand awareness that you are trying to create. Do not target just traction from your branding approach, instead, include targeted consumer traction for your brand. This will ensure that your brand does not fall prey to false growth but instead sees the qualitative approach.

Keep developing your brand internally

The main idea behind conquering the right market is that you would need to keep evolving with times. Everybody involved in brand development should learn to collaboratively ideate and keep introducing changes from the very inside. One way to do is to get buy-ins from the other departments which co-create the core of your brand. You can also get a buy-in from the external stakeholders. Learn to incorporate different views into your brand which you may have ignored initially. Also, always include the R&D department. Your research and development team can tell you what is being appreciated in the market and how changes can be incorporated to align your brand with the same.

Create a winning influential marketing strategy

Word of mouth is a strategy that never loses. With our entire world revolving around following the right influencers and following targeted propagators- approaching a strategy that includes influential marketers would be very helpful. There is such a thing called a third-person effect. Just ensure it does not look like an obvious product plugin. Have a subtle influential marketing strategy where the influencers you choose do not look sold and your brand management is done subtly.

Do not underestimate a brand management software

One important pointer to remember is that even though a brand may evolve, the core of it never changes. Simple elements like colour, messaging, the shape of the logo stay in the minds of the consumers. So, they start to resonate with them. With brand management software, you can adopt evolution while keeping the core principals the same.

Summing up

While brand management has a lot of facets, the simplest of principles can give you the much-needed head start. This simple approach would surely help you in making an effective and influential brand management strategy. While most of these are already adopted, but there are a lot of simple mistakes pertaining to these principles that we make on a regular basis.

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Sourced from iamwire

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Startups take risks, something all organizations should do

Today, large CPG brands are feeling even greater pressure in an expanding world of new go-to market strategies. Subscription services, ecommerce “anti-brands” and sustainability-driven challengers are changing the paradigm of how people shop and consume.

Brands like Hims have linked a suite of products to address top-of-mind men’s issues such as hair loss, erectile dysfunction and anxiety. The online subscription model offers a discreet (no face-to-face medical consults) and holistic solution for guys that otherwise might not seek help through normal channels.

Truman’s combines both a subscription and sustainability model to deliver mix it yourself nontoxic cleaning supplies to your door. The reusable spray bottles and small refill cylinders make shipping and storage easy.

These are two of many current startup examples. They challenge key assumptions of how products are formulated, how they work and how they’re delivered to consumers. To win against these anti-brands, marketers need to learn to take risks like a startup.

For many startups, the irony is that they are risking everything including savings, homes and the investment of close associates and family. This is not simply a professional risk from which to rebound from, but also a risk to current life and future.

So how do they find the resolve to take risks? By understanding the risk, defining the potential return, outlining the strategies to mitigate and communicating all of this clearly to internal and external stakeholders.

To win against these anti-brands, marketers need to learn to take risks like a startup.

Here are five fundamental questions that need to be answered to help you get ahead of the conversation, assess risk and build a solid case to leverage with internal/external stakeholders while putting your own mind at ease.

How certain are you that the consumer wants the product?

If you think you’ve identified a clear missing need in the marketplace, have you done the simple task of talking to potential consumers about a product that solves this need? As simple as that sounds, many teams haven’t, and a series of short conversations can not only help you confirm that need but may help you sharpen your product offering.

Can you link your innovation efforts to a parallel success in a different category?

Perhaps your product is a new enough proposition that it is difficult for consumers to understand. Can you identify something in a different category where the leap has been made and reapply some of the thinking? For instance, protein first hit shelves in the snack bar category for consumers that were using bars as a no-prep source of protein for fitness routines. Recently, marketers saw the behavior of these products being incorporated into less rigorous lifestyles and began to bring protein into juices, cereals and even coffee creamers. It was a logical reapplication to adjacent breakfast choices.

What needs to be true for product success (quality, efficacy, flavor, credentialing, price point, etc.)?

Every category has a shopper decision tree, which is the sequence of choices a shopper works through to find the product for them before they choose and buy. Identify this for your product. Once the key “Who am I?” “What am I?” questions are answered, what is the differentiating aspect of your product that communicates why it’s right for that consumer.

For some food categories this is nutritional credentialing, for others it’s simply a flavor choice. Be clear on what that is for your product before you start to create the packaging or develop supporting communication. This will also be a key part of your customer sales story.

What is the minimum level of confirmation you need to launch?

If your launch is national, does it start with test markets in partnership with a key retailer? If not, what is the minimum data set you need for launch confirmation? This can be as narrow as multi-city qualitative with 40–60 consumers if your confidence in the product is high, or as expansive as a full quantitative with thousands of respondents. A research professional can help you understand the right level of clarity and the costs involved.

How quickly can you course-correct based on market response?

This is something most large CPG companies don’t like to think about but that almost all entrepreneurial enterprises expect to do. Quick adjustments based on real market response and customer feedback is crucial. Not only are you honing your proposition in the real environment where it lives, but you are building a stronger relationship with your customer by working together for success. Plan for a measure and adjust milestone after launch, price point, support and even design if necessary. Perhaps you won’t need it, but if you don’t, the conversation is a happy one to have both internally and externally.

In the end, willingness to risk is very personal and tolerance for risk within organizations is a difficult thing to change. Assessing your proposition carefully by using the questions above is a good start to building a strong plan for launch, support and (if needed) adjustment.

Feature Image Credit: Tolerance for risk within organizations is a difficult thing to change. Getty Images

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Chris Lowery is president and CEO of Chase Design Group.

Sourced from ADWEEK

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Amazon‘s profits might have fallen for the first time in two years, but its advertising revenue outshone its overall sales growth in the most recent quarter – showing brands are taking it seriously as a challenger to the Google-Facebook duopoly.

During its most recent earnings call on Thursday (24 October), the e-commerce giant revealed that sales were up, but profit had slumped year-on-year for the first time since mid-2017.

The business reported a third-quarter profit of $2.1bn, a drop of 28% on the previous year, which was put down to investments in shipping and warehouses to help its core retail business maintain its edge.

Over the past three months, the businesses has garnered $70bn in revenues; up from 24% on on the same quarter last year.

Advertising revenue growth was a bright spot in the company’s results, with ‘other revenue’ (which principally refers to Amazon’s ad business) hitting $3bn over the three months to the end of September, up 45% on the same quarter last year.

Driving ‘relevancy’ and looking beyond search

The firm’s chief financial officer Brian Olsavsky said it was “very happy” with its ad sales progress and that it was now focused on helping brands deliver more targeted ads within the Amazon ecosystem.

“We continue to focus on advancing advertising experiences there, [making them] helpful for customers and helping them to see new products. We want to empower our businesses to find attracting and engage these customers and it’s increasingly popular with vendor sellers and third-party advertisers,” he added.

“It’s still early and what we’re focused on really at this point is relevancy, making sure that the ads are relevant to our customers, helpful to our customers, and to do that, we use machine learning and that’s helping us to drive better, better and better relevancy.”

Earlier this month it was reported that Amazon was eating into Google’s search dominance, with eMarketer forecasting that Amazon’s share is expected to grow to 15.9% by 2021, with Google’s expected to contract to 70.5%.

However, Dave Fildes, Amazon’s director of investor relations said that increased adoption among brands was pushing the company to expand its video and OTT offerings.

Pointing to the ad-supported movie streaming service it recently launched on IMDb and live sporting deals, Fildes said it planned to ad more inventory to the latter and across its Fire TV apps via Amazon Publisher Services integrations.

“[We’re also looking at] streamlining access for third-party apps and really just making it easier for advertisers to manage their campaigns and provide better results,” he continued.

Aaron Goldman, chief marketing officer, at self-service ad platform 4C Insights highlighted how quickly Amazon is ramping up its ad platform.

“It has the unique ability to close the loop from purchase intent to sales and allow brands use that data for ad targeting and measurement,” he explained, saying clients using 4C’s platform had upped their spend by 250% in the past year.

Feature Image Credit: Advertising revenue growth was a bright spot in the company’s results / Amazon

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Sourced from The Drum

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Twitter execs have outlined how they plan to bolster its ad business after missing Q3 revenue targets. It blamed the weak growth on bugs affecting its mobile product, which further hindered ad sales already weakened by the “seasonality” of a slow summer.

Revenues for Q3 were up 9% year-on-year to $824m. The US reported a rise of 10% to $465m, while international growth was slower at 7%, totalling $358m.

Sales fell short of the expected $874m. Growth slowed substantially since Q3 2018, when sales grew 32% year-on-year.

The results, which sent shared in the tech firm tumbling 20%, were explained by advertising “headwinds” driven predominantly by bugs in the company’s targeting system. In a letter to shareholders, Twitter explained the issue had affected its ability to target ads and share data with its measurement and ad partners.

The bugs reduced year-over-year revenue growth by at least 3% in Q3, Twitter wrote in a letter to shareholders.

Ned Segal, Twitter’s chief financial officer, explained the glitches in the legacy mobile application promotion (MAP) product meant information regarding users’ device settings was shared with Twitter for targeting purposes, even if they had asked it not to be.

“When we discovered that … we turned off the setting,” he said on an earnings call this morning (24 October). “That has a negative impact on revenue because it’s one less input you’ve got when you’re figuring out what ads to show people.”

Additionally, a bug meant Twitter was passing on data to measurement companies from users who explicitly asked not to be monitored in such a fashion.

“We stopped doing that, and although we are working on remediation, there isn’t remediation yet in place,” said Segal. “So, the effects of that will continue into Q4.”

Twitter recently faced criticism after it reported some users’ private email addresses and phone numbers had been exposed to its advertisers in a breach of its targeting system.

Aside from the technical issues, organic advertiser interest in Twitter dropped in the quarter, too. “Greater-than-expected” seasonality issues began in July and continued into August, due to what the company dubbed a “relatively lighter slate of big events” taking place when compared to the same period in 2018.

The sales slowdown occurred as Twitter continued to push its offer to advertisers on its global ‘#StartWithThem’ roadshow. The platform has a goal to double its ad business by 2020 and become advertisers’ most recommended partner.

Today, Segal outlined the company’s immediate and long term plans to bring more advertiser dollars into the business and appease Wall Street qualms.

He first stated the company will continue to actively market its platform to big advertisers. By way of example, he observed that while 38 of this year’s Super Bowl advertisers were on the social network at the same time as the game, there were eight “to whom we still need to make the case”.

“[We’re also] continuing to improve relevance, to continue to come out with better ad formats and improve versions of our existing ad formats,” he said.

He added Twitter could do a better job in monetizing smaller advertisers – an area it has not “prioritized” in the past.

“We’ve got to do the engineering work and make the case to them better than we are today, and right now we’re chosen to prioritize other things first,” he said.

Finally, he noted the Twitter ads experience could also be improved through better educating clients and working more closely with advertisers on their paid-for content.

“There’s also opportunity without selling one more ad to put better copy in the ads that exist today,” he said. “And we still have half of our video ads being served at longer than 15 seconds. As you can imagine on a service like Twitter, the completion rates for video ads that are six seconds are much better.

“That, along with continuing to improve relevance, better formats and moving down the funnel in terms of the types of advertising that’s available … are all things that ought to help us.”

Feature Image Credit: Twitter launched a consumer campaign in recent months / Jonathan Hokklo

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Sourced from The Drum

By Jillian Kramer.

Before you post, ask yourself three essential questions.

Social media isn’t just a way to pass idle time (or to find inspiration for your next decorating project). It’s a valuable tool to tell your business’ story and build your brand. As Reena Goodwin, founder and director of Facteur PR, explains, social media gives business owners a direct line to current and potential customers. “By creating and sharing high-quality content and stories, social media opens a door to share a brand’s story on a deeper and more direct level,” Goodwin says. “When a brand shares its story on social media, that story helps build trust. And because a brand’s reputation is ultimately built on trust, it’s an important medium for any brand to harness.”

young man photographing French breakfast with croissants on the table in sidewalk cafe with smartphone in Paris, France
Alexander Spatari / Getty Images

What’s more, social media can be a free and useful resource for your business. “Its affordability is attractive to business owners,” says Goodwin. “The cost to launch a Facebook, Pinterest, or Instagram account is free, and your reach is dependent on the amount of resources you pour into it. Furthermore, the rich audience data is so helpful for businesses. By analyzing your followers’ behaviors, demographics, and interests, coupled with utilizing the various built-in survey tools, you can start to use the data to drill down audience personas, which can be very helpful when it comes to targeting your ideal client or customer as well as serving the ones you currently have.”

Here’s how to harness the power of social media to tell your story as well as build your brand.

Have a plan.

Goodwin advises against posting without a plan in place. A social media plan “makes sure that we are supporting the vision of our brand and helps manage expectations and resources,” says Goodwin. “It also ensures that we maximize our time strategizing upfront so we can devote our energies to executing our plan thereafter. A lot of social media management is spent reacting; with a plan in place in advance, we can be sure to allocate time and energy to the things that will ultimately help build our brand,” such as developing incentive opportunities and filming videos.

Before they post to social media, Natalie Denyse, owner of In Good Company PR, tells clients to ask themselves: “Why does this post matter to my audience? Does this photo show more than just a pretty scene? And, how is this post, both photo and caption, serving my community?” she says. “Feeling confident in those few areas will help crystalize the intention behind your voice.”

Respond to feedback.

Comments and messages left on your social media are opportunities to build your brand’s reputation, says Kathleen Reidenbach, chief commercial officer of Kimpton Hotels & Restaurants. When you respond in real-time—or as quickly as possible—shows excellent customer service, and gives you unique opportunities to interact with potential and current customers, Reidenbach explains.

For example, when Reidenbach found out through social media that a bride staying at a Kimpton Hotel property for her honeymoon had been stood up at her wedding, “the hotel quickly switched her room around to be more of a ‘we’re really sorry,’ party with chocolate, wine, and comfort food. It made her smile and she [told us] it made such an awful situation that much better and said she had an amazing solo honeymoon with us. That’s something that felt right to the hotel team and they acted in the moment, making for an incredible save-the-day story.”

Share high-quality content.

“Thanks to the instantaneous nature of social media, it’s widely believed that we must be posting content constantly,” says Goodwin. But that’s not strictly true. “By sacrificing the quality of content for the sake of speed, you could also be sacrificing the first impression your brand has on a potential customer,” she warns. High-quality content tells a better brand story, even if it means you post less often. “High-quality content is associated with a high-quality product or service,” Goodwin points out, “so it’s important to invest in content creation like professional photoshoots. I love batch-creating content to save time and money. You can hire a photographer on a quarterly basis to take updated photos for social media, or invest in a nice camera and snap your own.”

Show up on Stories.

Did you know that engagement on Instagram Stories is higher than on its newsfeed? It is—and that’s one reason why it’s essential to post regularly on Stories. “Stories is ideal for building your brand because in contrast to content on the newsfeed, it’s a space for less polished and more down-to-earth storytelling,” Goodwin explains. In fact, Denyse recommends to her clients that build their brands by showing the imperfect reality of being in business. “Real and raw video footage of brands actually building their business will continue to trump perfectly styled photos,” she says. “Don’t be afraid to get candid and show authentic moments of your creative process.

By Jillian Kramer

Sourced from martha steward

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Most accounts on Weibo and WeChat get the majority (68%) of their reads from pushing content to existing followers.

The remaining 32% of reads mostly come from sharing on moments (10%), in chats (3%), history (4%) and others (11%). “Others” is typically desktop usage or non-official types of promotion by sharing the direct link to the article.

Content should be shared on Weibo 2-4 times per day and WeChat only when there is great content to share, according to a research done by KAWO.

WeChat and Weibo have suffered with platforms like Douyin and Xiaohongshu on the rise. The read rates are down significantly, but seem to have stabilised and even picked up a little in the case of service accounts.

The Top Stories have grown significantly since it was launched in December 2018, but is still quite small for most accounts. Accounts with less than 2000 followers have seen as much as 13% of their reads from Top Stories.

Furthermore, the average subscription account doesn’t seem to be held back by the limit of 1 post per day. Meanwhile service accounts send a higher number of articles per push presumably because they’re only able to contact users 4 times per month.

According to KAWO CEO Alex Duncan, follower growth on Subscription accounts has fallen quite a lot over the past 3 years, but seems to have been helped a little by the changes

“WeChat made to the Subscription folder in June 2018. Although the growth rate has slowed, they are now also losing less followers too presumably because it’s less annoying for users to scroll past an article they don’t like rather than open each subscription account one by one,” he added.

Usage in the week before and the week after Chinese New Year is higher with users presumably spending more time on social media.

KAWO spent 6 weeks analyzing 20 million data points to answer every marketer’s questions on WeChat and Weibo.

The Drum recently spoke with Akae Wang, an executive creative director in the corporate marketing and public relations department at Tencent to find out how Tencent brought the moon closer to WeChat users during Mid-Autumn Festival.

Feature Image Credit: Weibo and WeChat get 68% of their reads from pushing content to existing followers

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Sourced from The Drum

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A few years ago I was working on the Coffee vs Gangs content series. After a successful launch, which saw Kenco help young Hondurans out of gangs by training them as coffee farmers, l found myself in an all agency meeting. After some initial self-congratulatory backslapping, discussion of the ‘raw authenticity’ led to a new addition to the group confidently chiming in.

‘I loved the first series and was wondering if it might be possible to see some of the kids from the gangs drinking Kenco’.

Awkward pause.

We’ll come back to that.

Fast-forward a few years to The Drum Content Awards, of which I recently had the pleasure of sitting on the judging panel. To kick off the day all the judges took part in an ice breaker, where we were asked to share our thoughts on ‘authenticity’ in content.

A question like this is catnip for content professionals. And the 25 of us, all released from our respective agencies formed a warm cosy echo chamber. One which made us feel reassured that we are all saying the same things to our clients and none of us are doing it wrong.

I listened. But I contributed nothing. Because the only thought I had ringing around my head was ‘isn’t all this just bollocks?’ Which wouldn’t have gone down well at all.

That’s not to say that my fellow judges didn’t engage in an intelligent and considered discussion. But this wasn’t about them. It was about the concept of ‘authenticity’ itself.

Before I go on, I dare any current creative or content specialist to review their proposals, treatments and pitches delivered in the last three months and not cringe at overuse bordering on abuse of the word.

The truth is, it’s become a dog whistle we blow on in front of our colleagues and clients to try and sell ideas without thinking about it. But when you actually think about it, it means very little on the outside world.

When was the last time anyone saw a piece of content and said ‘I love it because of its authenticity’?

Never.

Because no one ever says that.

Alongside ‘disruptive’, ‘authentic’ has become a nonsense husk of a word that means nothing and everything to us in our comfy communications and marketing circles.

That’s not to say that Kaepernick or Patagonia Black Friday didn’t come from a truly brilliant place. In the same way that featuring a bunch of troubled kids from gangs drinking Kenco obviously comes from a hideous one. But let’s not over inflate the sentiment behind this too much. Or to bastardise the words of Scroobius Pip –

Nike. Just a brand

Patagonia. Just a brand

Kenco. Just a brand

When a consumer engages with any form of content made by a brand or business an unspoken contract is entered into. ‘I know you are trying to sell me something or make me like you so I eventually buy something. But I’m willing to let you do that in exchange for getting something back’.

And this is far more authentic than authenticity. Because authenticity may be dead, but the authentic value exchange is very much alive.

I am willing to engage with your marketing, communication or advertising in exchange for you entertaining me. Making me laugh. Teaching me something new. Helping me with utility that enables me to do my job better.

Authentic value exchange. Much better. Not hiding behind the fact that something is authentic just for the sake of it when we all know what’s going on. Consumers are not stupid.

And that’s what was great about judging The Drum Content Awards. To see so many examples of exceptional work that creates a compelling value exchange between brand and consumer.

Examples that used comedy in exchange for brand trust around online security (Santander), that answered fuel economy questions in exchange for consideration of an electric alternative (Nissan Leaf) and that showed future parents what having children really looks like to build market share of their baby wipe brand (WaterWipes).

And by the way, in case you were interested.

We never featured any gang member drinking Kenco.

Now that’s authentic.

Feature Image Credit: ‘Who actually loves authentic content?’ Brands need to understand their value exchange

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Ryan Reddick, creative director, Edelman is a judge for The Drum Content Awards 2019. A full list of the finalists can be found here. The awards ceremony will take place in London on October 30 at The Marriot Grosvenor Square Hotel, tickets can be purchased now.

Sourced from The Drum

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Australian publishers Seven West Media, Network 10, SBS, Foxtel Media, Pedestrian Group and Daily Mail have joined forces to launch a programmatic ‘Editorial Video Marketplace’.

The new marketplace, run by Telaria, aims to simplify buyers’ access to this professionally produced premium content with daytime audience reach and scale, as per the official statement.

Luke Smith, head of programmatic sales and audiences at Seven West Media said: “The demand from advertisers has been clear – that there is a need for quality video delivering high viewability and completion rates within brand safe editorial environments at scale.

“It is important that the premium value and impact of editorial video is able to differentiate itself from other forms of short-form like social video. This marketplace, available programmatically, will be a means to make that easily accessible for buyers and advertisers at scale,”

Flaminia Sapori, head of partnerships at media agency Cadreon said: “It’s encouraging to finally start seeing publishers working collaboratively to provide alternative independent options in this space — creating ease of access, and most importantly, a new narrative for editorial video, giving it the credit it deserves, and perhaps start influencing more social budgets being redirected to new premium ecosystems.”

The news comes after the Australian Competition and Consumer Commission (ACCC) released its final digital platforms inquiry report in July calling on the government to act against the tech giants.

ACCC had raised concerns, at the starting of the year, about the market power of Facebook and Google including the companies impact on Australian businesses, particularly their ability to monetize content, as well as outlined concerns about the extent that consumers data is collected and used by companies to target advertising.

Feature Image Credit:The marketplace aims to simplify buyers’ access to this professionally produced premium content.

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Media veteran Mike Soutar, a former editor of FHM and co-founder of Shortlist Media, has been appointed chief executive of The Evening Standard.

The news brand, edited by former chancellor George Osborne, has suffered a turbulent time financially and has brought Soutar aboard to course correct.

Having co-founded Shortlist magazine (now defunct but survived by sister title Stylist), Soutar brings expertise in managing a print product distributed freely in cities, which is the model deployed by The Standard. He starts in the newly created role on 7 October.

Evgeny Lebedev, owner of the Evening Standard, said: “We are delighted that Mike has joined the Evening Standard at this important time for the company and wider industry and are confident that his vast media experience and leadership skills will make a great success of this new role.”

Soutar added: “I’ve been a regular reader of the Evening Standard since the late 1980s when I first moved to London. I look forward to working with the talented team to grow an even stronger business that will continue to play a central role in shaping and reporting the cultural and political development of the greatest city in the world.”

The title recently made editorial cuts and spoke of knitting digital and print teams closer.

Soutar, who has also served as a director at Ti Media and editor of Smash Hits, previously talked The Drum through the evolution of lad culture, having seen how profitable it was at the height of his FHM reign.

Feature Image Credit: Mike Soutar, media exec, featuring on BBC show The Apprentice

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Sourced from The Drum