Saturday, March 26, 2022

Integration of Digital and Brick and Mortar Engagement

 https://martech.org/app-users-visit-brick-and-mortar-41-more-often-than-non-users/

The article above highlights how users who download retail apps make more frequent in store visits than those who don't. Its clear that the variety of channels consumers can leverage to interact with retailers creates complexity for optimizing customer engagement. On the one hand it might be intuitive to believe that app users would prefer convenience and e-commerce engagement to visiting a physical storefront. But on the other hand, industries have come to recognize the import role digital content plays in educating consumers about products and services. Another consideration I hope the study accounted for is whether users who visit store fronts are more likely to download apps rather than the reverse cause-and-effect relationship defined in the article.

The article acknowledges that getting people to use the apps is challenging, and that the most common catalyst for adoption is a referral from a friend. In that case, it sounds as if leveraging facebook to potentially market these apps through connections and similar interests could be an effective way to drive adoption. While the use of retail apps is less common, another caveat discussed in the article is the importance of alternative engagement mediums given the anticipated upcoming loss of 3rd party cookies. Emerging media platforms offer a great way to identify customers. However, I personally wonder how consumers will respond to app fatigue. Much of the value consumers get from search engines or e-commerce websites is that they can engage with multiple products using a single channel. I'm skeptical that consumers would be willing to download an app for every store that they patron. In that case, brick and mortar stores may start to compete heavily to develop apps that have the broadest and most comprehensive utility for consumers.

Marketers Eye Podcasts as the New Frontier, but Measurements are in Doubt

As some of the most popular digital marketing strategies are facing challeneges thanks to privacy concerns and traiditional media (e.g. radio, television) continuing to mature or decline, many marketers are looking for new ways to attract consumers, particurally younger ones.

Digital audio is quickly becoming one of the most growing forms of media -- in early 2021, about 68% of Americans aged 12 and older said they listened to online audio in the previous month, up 47% from the same in 2014. These, many beleive, represent the illustrious "cord-cutter" demongrahic -- consumers who mobile-first, don't have cable television, and in this instance, listen to podcasts.

Marketers' aren't just noticing this trend now as some companies have been early entries in eh space. SimpliSafe -- a do-it-yourself home security system -- has been advertising wiht podcats for almost a decade.

Though the total population of digital-audio listeners is quickly on the rise, so too is the vast landscape of programmers, leaving marketers with a tough choice -- pay an inflated price for a spot on a top-charting podcast, or, take a risk on a lesser-known program and hope to have some early exclusivity.
Measuring digital-audio advertising is incredibly challeneging. Depending on the platform, advertisers are about to get varying metrics on listernship, but it is difficult to then track that consumer through the lifecyle and hopefully through to a conversion.

That being said, I feel as though these relatively days of digitial advertising should be treated like any other channel -- test in to it... then test again... then test again. Some smaller companies (e..g, Sheets and Giggles Inc.) prefer to go all-in on podcasts, but I would suggest leveraging it alongside other traiditional channels to round out an effective marketing strategy.

https://www.wsj.com/articles/streaming-audio-climbs-the-charts-with-marketers-but-some-want-more-certainty-11648227771?st=hoa9buckq649ugp&reflink=desktopwebshare_permalink

A Zelensky Deepfake Was Quickly Defeated. The Next One Might Not Be

 Article: “A Zelensky Deepfake Was Quickly Defeated. The Next One Might Not Be” - https://www.wired.com/story/zelensky-deepfake-facebook-twitter-playbook/

This month we saw the first weaponized use of deepfakes during an armed conflict. A deepfake was released of an imitation Zelensky (he was motionless and had an unusual sounding voice) telling Ukrainians to lay down their weapons.  This video emerged not only on Facebook and Youtube but also Telegram and Russian social network VKontakte.

TV Channel Ukraine 24 was hacked and the deepfake video and a summary of the fake news appeared on its website. Minutes after the fake news appeared on TV, Zelensky posted a Facebook video stating the video was fake.  Soon after, the head of security policy at Meta tweeted that they had removed the deepfake video for violating its policy against “misleading manipulated media.” A Twitter spokesperson provided a statement committing to tracking the video and removing it where it violated rules banning “deceptive synthetic media.” A YouTube spokesperson also communicated their removal of the deepfake video uploads. 

The unfolding of events shows that under the right conditions, deepfakes can be vanquished. However, it was, in a sense, “easy” for Zelensky to defeat the deepfake – his government had prepared for such a scenario, he is one of the highest-profile people in the world, and the deepfake was of poor quality.  Other political leaders in conflicts may be less fortunate and thus more vulnerable to deepfakes. 

In class, we have evaluated the responsibility of social media in regulating fake news and the role of advertising and machine learning in skewing reality.  While technology is underway to create automatic deepfake detectors, it is not fully developed yet.  How do we ensure the tools of digital marketing (from algorithms affecting search to social media) do not allow deepfakes to become political weapons?

Google Ads vs Facebook Ads – Do you know how are they different?

 

Google and Facebook are considered to be competitors for advertisement but I don’t think that’s true, I believe they should be used in conjunction to achieve maximum visibility, find new customers, maximize ROI on advertisements. Below is how I look at both of them and how we can use both of them to reach our targeted audience

Google

Google Ads was known as Google AdWords, it’s undoubtedly the largest and most popular advertising platform, serving 3.5 Billion ads in a day. Advertisers using Google bid on keywords – specific words and phrases included in search queries entered by Google users – and hope that their ads will be displayed alongside search results for these queries. Each time a user clicks on an ad, the advertiser is charged a certain amount of money and therefore its called pay-per-click advertising.

Facebook:

Facebook Ads on other hand are a prime example of what is known as “paid social,” or the practice of advertising on social networks. With the highest number of monthly active users of any social network in the world, Facebook has become a highly competitive and potentially lucrative. Although advertising on Facebook can be thought of as similar to Google Ads, in that advertisers using both platforms are essentially promoting their business via the Internet, this is where the similarities end. Unlike paid search, which helps businesses find new customers via keywords, paid social helps users find businesses based on the things they’re interested in and the ways in which they behave online and use facebook.

Therefore Google Ads find you new customers whereas Facebook helps customers find you.

Is Your Content Strategy Agile Enough for Your Customers?

Launching and implementing a robust and effective content strategy across different channels in a timely and personalized manner is time and labor-intensive. While companies have developed ways to scale the e-commerce side of their operations, scaling personalized content experience customer has yet to catch up. Where each second of consumer experience counts, it's important for brands to create a much more agile and lean method to their digital content strategies.

By first limiting the number of tasks for each campaign, teams can complete a project much more quickly and be responsive to their customer's needs - especially on mobile apps. Rather than have content strategies be implemented months after they were conceived, companies can find where they can significantly shorten the project cycles. Then with more time and resources available to the teams, they can create more relevant and bolder campaigns that enlighten and delight their customers.  In this day where customers are seeking personalized experiences and not glossy and high production value content, brands should continue to explore how they can stay agile in all aspects of their relationship with their customers.


https://risnews.com/retailers-need-agile-content-creation

Online Brands Try a Traditional Marketing Strategy: Retail Stores

This article discusses the trend of DTC brands pivoting into traditional marketing through the opening of new retail spaces, specifically with more obtainable lease terms as landlords are hoping to attract new customers by shortening lease terms. This shift is a result of many DTC brands being forced to rethink their customer acquisition strategy because the costs of acquiring through competitive digital channels have become just too high. Daniel McCarthy, a professor at Emory University cites that "customer acquisition costs range from $100 to more than $800 per customer" and with the continued privacy measures from Apple and Google this cost might be tough to justify given these changes have made it harder to target customers and potentially hurting campaign ROAS. And while I see the importance of in person marketing and creating a space where DTC brands can highlight their product in person, I don't think this shift will take the place of strong digital marketing campaigns - there is just no better way to successfully reach a broad and highly targeted audience. 


https://www.nytimes.com/2022/03/23/business/direct-consumer-retail-stores.html

The growing trend in Retail Media

 The increasing acceleration in eCommerce has given way to a new revenue stream for top retailers as well as a captive outlet for brands to reach people when they are ready to buy. Retail Media involves retailers monetizing space on their digital and mobile platforms that is dedicated to 'sponsored' placements. These native ad units allow brands to pay up for increased visibility on retail sites. Why is this important? First off, consumers are visiting retail sites (Amazon, best buy, target) to begin their search more often as opposed to defaulting to a search on Google. Second, it's a win/win for retailers as brand dollars are brought in to help support overall marketing budgets for the retailer. Third, this retailer-brand ecosystem allows for a unique system of measurement and attribution that allows brands to get more granular, product-level insights directly from the retailer they sell through. In my own experience working with retail media, there is a certain level of flexibility when it comes to advertising on retailer websites that you can't necessarily get through traditional digital marketing channels. Being able to promote specific products as opposed to brands or categories gives the retailer greater control over their SKU's and brands greater flexibility over what they are pushing to the market. 

Source: LINK

Streaming Audio Climbs the Charts With Marketers

Marketers are spending big on digital audio. This year alone, marketers will spend $5.7 billion on digital-audio ads in the U.S., up 14% from $5 billion last year, according to Magna, a media unit of Interpublic Group of Cos. Traditional radio advertising will total $11.3 million, by comparison, up 3%, as reported by WSJ.com. “Some 68 percent of Americans aged 12 and older said they listened to online audio in the previous month, up from 47% who said the same in 2014, according to surveys.” Podcasts are the fastest growing segment, and spending on ads during podcasts reached the same level as radio for national advertisers last year. Placing an ad in a podcast is more work than for radio, making it more difficult for small teams. Teams have to prepare discount codes as well as talking points for the hosts and webpages tied to the show. They then have to compete for more limited inventory compared to other formats, including searching for new shows. Even then, it’s a bit risky for brands as they have less control over the content of the show that could negatively impact the brand if a host deviates inappropriately. But still, it’s a growing category drawing more and more advertisers. Podcast hosts are influencers themselves, some with larger followings than others, so it’s another form of influencer marketing, not just straight advertising. Brands continue to seek alternatives to traditional digital advertising and ways to meet their customers where they are, so podcasts are a natural fit, despite the potential drawbacks. https://www.wsj.com/articles/streaming-audio-climbs-the-charts-with-marketers-but-some-want-more-certainty-11648227771?page=1

Love a brand? You could be an influencer too - An examination of Creator marketing strategy

 

Creator or influencer marketing has been around for more than a decade and has been a great avenue for marketing from the early days. It was typically limited to using celebrities or famous bloggers, people loved to follow what their famous celebrities were doing and some companies used that effectively. Gaming companies that have created youtube stars like pewdiepie to Lynda, the online learning tool to Kylie Jenner's cosmetic business are a few examples. 

The nature and the type of influencers have changed as companies have used this medium, in that the companies now use brand ambassadors, who are part of the customer group to create content, this marketing avenue is expected to grow as well. Based on a survey done by consumer technology association and yougov in Jan 2022, the user created content accounted for 39% of media hours versus 61% for traditional studio content. According to Statista, creator marketing is on the rise and the value of this specific market between 2019 and 2021 has more than doubled, with growth from 6.5 billion U.S dollars to 13.8 billion dollars in the last three years.

A report in Socialmediatoday notes that 66% of Brands Spent More on Creator Marketing in Past Year. Instagram, Instagram stories and Tiktok play a huge role in this creator market. Tiktok has especially been an effective medium and has forced Facebook and other sites to make changes conducive to easy adoption by creators.

This demand has also spurred start ups to power the creator economy like Clash, Creator Cash, Fanhouse, Feather. These apps/websites provide a platform to content creators and provide ways to identify and engage with their fan base. For the companies, platforms like Heepsy, BrandAmbassador, SparkToro, Group High, or AspirelQ give them access to influencers. 

 

Friday, March 25, 2022

Why Google’s Search Ad Prices Rised Greatly across Certain Categories

 Source: https://www.emarketer.com/content/how-google-search-ad-prices-have-risen-across-retail-categories


According to the article listed above, in Q3 2021, Beauty saw the fastest growth in CPCs, at 41% YOY, which means the advertisers in beauty category, will spend 41% more than last year if they want the same exposure on Google. This is a huge increase and we need to figure out why this happened. 

From my point of view, the reason lies in the dynamics of demand and supply of ads. 

The demand side, namely the advertisers, the beauty brands invested heavily in ads. Previously, their emphasis is the traditional way of advertising, for instance the television. But now we all know more transactions happened online, so it comes no surprise that the beauty brand discovery occurs online. Therefore, the demand side increased dramatically, with more bidders, suppose the supply side remained unchanged, the competition would become fiercer, the bid price would rise.

The supply side, the traffic of google and the amount of ads each user can view per day, would remain the same. The logic is simple: Google Search is quite mature, the penetration rate is too high and the users' behaviors are too stable to have dramatic change. We can conclude the supply side won't have a great change.

So, the underlying reason for this phenomenon I believe is the excess demand of online advertising from beauty brands. And this is a hard problem for brands to solve - since when competitors are investing more and more in advertising, you can't stay out of the game.






Will Netflix Ever Offer an Ad-Supported Plan? ‘Never Say Never,’ CFO Responds

Netflix has great original content and a wide selection of movies and TV shows, new and old, for subscribers to choose from. One of the great parts of being a Netflix subscriber is that you don't have to sit through ads when you're binge-watching "Emily In Paris" on a rainy Sunday. Netflix has insisted in the past that they would not introduce an ad-supported model, but they recently opened the door to that possibility.

Just as one of Netflix's competitors (Disney Plus) recently announced an ad-supported subscription option, Netflix's CFO recently indicated that they won't rule out the possibility of that for its platform. This also comes right around the same time that Netflix announced price increases for its subscriptions. The standard plan is seeing a substantial 11% price increase, going up from $13.99 to $15.49 per month. It will be interesting to see how far Netflix can push up prices before they see further growth issues on their platform. 2021 was already the slowest growth year in net subscribers since 2015. Will this most recent price increase deter new customers from joining the platform? Or, worse yet, will existing customers leave and seek alternatives?

Perhaps an ad-based subscription option could help get customers with a lower willingness to pay. It could also be a nice alternative option for those who are turned off by this most recent increase. It will be interesting to see how the subscriber base reacts to the price increase and whether Netflix goes the AVOD route to help its business.

https://variety.com/2022/digital/news/netflix-ad-supported-plan-cfo-1235199510/

The Advantages of a Mobile-First Strategy

 

A mobile-first approach means giving the mobile experience priority over the desktop experience, so mobile comes first and desktop second. This concept has been around for several years, popularized by Luke Wroblewski in his 2009 book, “Mobile First.” Prior to this, companies would develop an online experience based on the desktop and then optimize for mobile after which proved to be difficult. 

I wondered if this approach became even more relevant now given our pandemic environment. A quick Google search revealed many recent articles about it, perhaps indicating an increased relevance to today’s world.     

The benefits outlined in the article seemed logical, deciding to take a mobile-first approach could help companies offer a highly customized and personalized mobile experience that savvy customers are looking for, given their increasing use of mobile for work and need to multitask across multiple screens. Therefore, it is critical for companies to meet their users where they are by being present and providing a superior mobile experience. 


https://www.adjust.com/blog/the-advantages-of-a-mobile-first-strategy/



Welcome to Metaverse Fashion Week

In the latest extension of the metaverse, brands are taking Fashion Week online in the virtual world of Decentraland. The 4-day extravaganza is complete with a full schedule of events, multiple fashion districts to explore, a variety of digital catwalks and pop-up stores on aptly-named "Luxury Street", and even after parties as some of the main attractions.

The virtual realm is intended to represent aspects of the New York, Paris and Milan's in-person Fashion Weeks, but with a futuristic overlay and much more. Any individual can easily enter as a guest to tour the venues but they need a digital wallet in order to make purchases within MVFW.  To complete the experience, NFTs are widely available for sale and the event may even give rise to a next generation of digital celebrities - Sofia the Robot, a social human-like robot known for having received Saudi Arabian citizenship in 2017, is prominently featured in MVFW and virtual visitors are encouraged to snap selfies with her.

It is perhaps not a surprise that the fashion industry is one of the first industries to host such a large event in the metaverse. It gives designers an extension to be even bolder and more creative than physical limits allow for. That said, the true indication of the success of the event, and perhaps the sustainability of the digital movement in fashion, is that MVFW did not just feature a series of fashion startups looking to gain a larger/younger following but many of the most established names in the industry, including Karl Lagerfield, Dolce & Gabbana and Estee Lauder. MVFW is unlikely to displace "IRL Fashion Weeks" entirely but it has notably made an event largely reserved for the rich and famous more accessible to the masses.

NFTs for Ukraine

I was scrolling through Forbes and saw, "Breaking: Ukraine Launches NFT Sale To Fund Fight Against Russia". Immediately intrigued, I clicked to learn more. Ukraine's Meta Museum History of War has created a catalog of over 50 NFTs that represent a chronological history of the Russian invasion. The digital artwork has been made by artists in Ukrainian and abroad, and the unique factor is that each is inspired by a headline or social post tied to the invasion. All proceeds will go to the Ukrainian Ministry of Digital Transformation. 


It's incredible to see such innovation coming from a country experiencing such pain. I think it's incredibly smart to leverage the viral social conversation around the war into digital artwork that levels the playing field with facts to the misinformed and funding to the victims. This is a great example of purpose-driven digital marketing that has multiple levels of impact. I'm curious to see how this catalog evolves and if it will track the entire war, as that could result in hundreds of NFTs over an unpredictable amount of time. 


Furthermore, the article calls out that we've entered a new era of warfare that's fully digital. Ukraine's Ministry of Digital Transformation has encouraged hackers to take down Russian financial institution websites. While I'm not well-versed in this topic, it is clear that digital tools are vital to both progress and destruction.  


https://www.forbes.com/sites/carlieporterfield/2022/03/25/ukraine-launches-nft-sale-to-fund-fight-against-russia/?sh=199d312161a6

Who is Really Big Tech's Biggest Regulator?

Yesterday, an article featured on the front page on the New York Times homepage had the headline, E.U. Takes Aim at Big Tech’s Power With Landmark Digital Act" (https://www.nytimes.com/2022/03/24/technology/eu-regulation-apple-meta-google.html). As stated in the article, "With these actions, Europe is cementing its leadership as the most assertive regulator of tech companies such as Apple, Google, Amazon, Meta and Microsoft." Only three days before the article, in a dynamic interview that was released on the New York Times' podcast the Sway between host Kara Swisher and Silicon Valley's congressman, Ro Khanna, an argument was made that it's not the EU but actually Tim Cook who's proven to be the biggest regulator of big tech, particularly for Meta  (https://www.nytimes.com/2022/03/21/opinion/sway-kara-swisher-ro-khanna.html). Of course While Swisher was somewhat speaking in jest, she made the point that Apple's new data-sharing rules that forced users to opt in to data sharing across apps and sites shaved off $10B off Meta's market cap. Both Khanna and Swisher have agreed that while the EU has been the most forward in its regulations on big tech, the size of the penalties have never been large enough to change fundamentally the behavior of these companies. So the question to ask is if we really want Tim Cook to be the biggest regulator of big tech in our democracy. There's plenty of blame to go around. With the popularity of tech's services, the difficulty of Congress to achieve consensus in our increasingly polarized society, and the mind-boggling amount of lobbying contributions coming from big tech, Khanna argues that what's going to be required to enact positive change is the mobilization of citizenry. Otherwise, we can expect more of the same, without action from our elected officials. 

Thursday, March 24, 2022

An Archaic Article for the Absent Minded

In searching for relevant digital advertising content to explore, I came across a 2022-published article by Henry DeVries, “7 Biggest Online Advertising Blunders”. I’m shocked that this article was published by Forbes for a number of reasons but, the number one reason is because it’s speaking to an audience of the hmmm maybe late 90s?! The article speaks about the importance of tracking performance… what is the “blunder” here? What reputable company is not doing this?? It gets better “ignoring the website user experience”…. Who are we taking to? Is my grandmother trying to create a website? No… we are not talking about my grandmother because she even knows that the user experience is critical. 

This article ALMOST feels like it’s cut straight out of The Onion… enjoy the quick and humorous read!

https://www.forbes.com/sites/henrydevries/2022/01/16/7-biggest-online-advertising-blunders/?sh=5ba694bbf4ce

Wednesday, March 23, 2022

Avoid Being Annoying in your Email Marketing Campaign

Today, email marketing is often perceived to be outdated and “an annoyance”. However, even with this perception, email marketing has proven to be incredibly effective. In fact, according to the Marketing Insider Group, email marketing drives the highest ROI of all B2B marketing strategies. Businesses actively utilizing email marketing earn, on average, $44 for every dollar spent on email marketing. Thus, email marketing should hold a substantial footprint in most businesses’ marketing plans.







Below are some tips that marketers should consider when using email marketing. Per my review of Forbes' "10 Email Market Pet Peeves To Avoid in Your Next Campaign", I used my understanding of the top email marketing annoyances to create two key tips to generate increased subscriber interest and decrease subscriber annoyance. 








1) Businesses should not be “too pushy” in their email campaigns and should offer value.
Businesses should be intentional about the email content and frequency at which they email subscribers. Emails should be purposeful with valuable messaging (i.e., valuable information, promotional offers, reviews, customer touchpoints, etc.) and appeal to consumers’ needs and interests. People love emails with quality content, news, ideas, tips, how-tos- content of value. Well thought out emails will increase impact and help alleviate the perception of marketing emails as desperate pleas to “buy now”. Additionally, businesses should use email calendarization (based on important brand moments (i.e. holidays, sales, events, etc.) and trigger events) to dictate when emails should be sent subscribers. This will help ensure subscribers do not become inundated and overwhelmed with emails.
















2) Personalization is key. Consider subscriber preferences.
Businesses should invest in the skills, tools and resources required to understand their customers. Understanding customers will allow business to develop more pointed emails as the company can segment customers into groups of people with similar characteristics, demographics and/or purchasing behavior. Segmenting customers will allow businesses to send seemingly targeted/personalized emails to subscribers. Increased targeting/personalization should lead to increased interactions with subscribers and higher conversions.














Article of reference: https://www.forbes.com/sites/allbusiness/2022/02/22/10-email-marketing-pet-peeves-to-avoid-in-your-next-campaign/?sh=4df226257562 

Digital Marketing Challenges

 https://www.forbes.com/sites/forbesbusinesscouncil/2022/03/22/digital-marketing-how-far-weve-come-and-how-far-we-have-to-go/?sh=61679e9e83c0

What I found the most interesting about this article was how consumers are taking back control. This is something we’ve seen recently with cookie regulations, Apple’s opt-in notifications and the increase in and popularity of ad blocking tools and browsers like DuckDuckGo that prevent ads. Movies like ‘The Social Dilemma’ have helped increase people's awareness and have increased consumers’ understanding of ads. I also feel it has  altered the way they look at and interact with social media. As people become more aware of how they are being tracked and digital privacy laws increase I feel most will want to opt out of being served ads. 


While having the control back in the users hands will be great, there needs to be more education of consumers. The average person does not know what a cookie is or what information of theirs is potentially being shared nor what they are really accepting what they ‘accept cookies’. Marketers are still able to capitalize on that lack of understanding. With increased understanding and regulations it will make it harder for digital marketers to access their target customer base. The writer of this article felt optimistic about the future of digital marketing. I think it will become more challenging as a marketer to meet customers where they are. 

Tuesday, March 22, 2022

 YouTube Updates….

YouTube is launching some updates on YouTube Live.  This will include live stream guests, new notifiers for when the channel is broadcasting in the app, and updated viewing options.  The feature will be called ‘Go Live Together’.  Although this is not something new within the digital world, YouTube enhancement will provide more avenues for content creators to expand and monetize their presence.  In addition, this could help the platform to engage in a broader way with fans which can be very lucrative and can also still stars from other apps. 

Another upside for this development is that ‘live streaming’ with guests, can create more content generation rather than having all the pressure on one individual only. 

As mentioned above this is nothing new for the digital world, however, by having YouTube at the party now, it will be interesting to see how all the other platforms will answer.

https://www.socialmediatoday.com/news/youtube-adds-new-live-stream-features-including-live-guests-full-screen-m/620665/

Monday, March 21, 2022

How will Russia’s Fake News Law affect Google's bottom line?

Russia has passed a new law that criminalized the spread of news that is not approved by the Russian Defense Ministry. Any other news contradicting could be determined as false information and punishable to up to 15 years of prison and $14,000 USD. How will these new laws affect Google that has a large share of on-line video content that is user generated content? With the large amount of videos being uploaded every second of every day, how can Google police all content that may contradict the messages from the Russian Defense Ministry? 



Read more at:

https://www.wsj.com/articles/russia-targets-media-outlets-with-fake-news-law-blocks-facebook-11646442530


Sunday, March 20, 2022

Uh-oh Netflix, the streaming wars are entering a new phase: AVOD

 

https://www.marketingdive.com/news/how-a-combined-hbo-max-and-discovery-will-change-the-avod-landscape/620440/

It was only a matter of time before the billion-dollar over-the-top (OTT) industry introduced ad-supported and ad-free subscriptions. I thought Netflix was going to be the first since they had the foresight to create shows in-house as companies such as Disney took back their licensing rights and reserved their content for Disney+. However, Disney+ announced earlier this month their tiered subscription model. Kareem Daniel, Chairman of Disney Media and Entertainment Distribution said in a statement: “Expanding access to Disney+ to a boarder audience at a lower price point is a win for everyone – consumers, advertisers, and our storytellers…more consumers will be able to access our amazing content. Advertisers will be able to reach a wider audience, and our storyteller will be able to share their incredible work with more fans.” This move encouraged other players such as Netflix to rethink their stance on AVOD. In this article, it discusses how Discovery will consolidate Discovery+ and HBO Max into one streaming platform with an ad-supported video on demand tier. This merger will make Discovery become one of the biggest media companies in the country, adding roughly 74 million subscribers alone from HBO Max to their respective 22 million customer base. Both media properties have dabbled in AVOD, so I am interested to see how Discovery plans to combine the DTC platforms and the results of this M&A in the coming months. As the industry continues to consolidate, but somehow the number of my subscriptions continue to expand, it’s exciting to see the growth and changes to the OTT market. I would buy pay-per-view to see the streaming wars continue (not really, I don’t need to spend more money…)

“…the Discovery content I think is going to make for a blowout DTC product, and that should certainly drive very health revenue growth for years to come.” – Discovery CFO Gunnar Weidenfels.


6 Ways To Target Seniors More Effectively In Digital Marketing

 https://www.searchenginejournal.com/digital-marketing-to-seniors/312545/

While digital marketing is growing increasingly more important and popular, it is often assumed it is targeted towards the younger demographic. For that reason, I found the attached article interesting because it focuses on the older generation and how to target it specifically. The few points that stood out to me specifically were that the older demographic does use phones more than expected, implying that there are a lot of avenues for SMS marketing. Next, it is important that the ads are focused on educating the consumers and are direct. The older generation tends to not click around as much and thus the marketing campaigns need to be straight forward and to the point. And lastly, it is important to keep distinct the values held by seniors vs. juniors, as different advertising strategies and campaigns may resonate differently for the different groups. 

While this article only scratches the surface of how to best target the older generation, it does introduce the importance of digital marketing not just for the younger generation but the older generations as well - as they too are starting to be receptive to this form of advertising and are evolving into the modern age. 

Friday, March 11, 2022

Disney+ Launching an Ad-Supported Subscription

When Disney first announced the launch of their Disney+ service in 2020, two things were clear -- they had extremely high subscriber goals, and, they had no plans for an ad-supported experience.

As of today, only one of those two things remain true. By fiscal 2024 Disney has a goal of 230 million to 260 million in total subscribers, but won't get there on a paid-only version alone. They've recently announced that beginning in late 2022 the customers will announce a new tier of their subscription access which is ad-supported for a to-be-announced price point.

This announcement makes it incredibly clear that the battle for subscribers and the pressure from investors is incredibly high, especially in the face of stark competition. Comcast Corp.’s NBCUniversal offers its Peacock Premium streaming service with ads for $4.99 month, or $9.99 without. Paramount Global and Discovery Inc. each offer two tiers of their Paramount+ and Discovery+ services, with ads and without, also for $4.99 and $9.99 a month, respectively.

Personally, I think the move is a good one. As consumers begin to see the light at the end of the tunnel for their quarantine lifestyles, many are looking at their monthly budgets and wondering if they still need to pay for a certain streaming service, especially if their favorite show is in-between seasons. Disney can continue to lay claim to families who want to give their kids access to endless hours of child-friendly entertainment, but as their targets climb higher and higher, they must provide a pricing model to consumers who would only consider subscribing for access to the Mandolorian.

From an advertiser's point of view, this is of course welcomed news. Disney represents a large captive audience and an untapped one until now. With new customers hopefully coming on to the ad-supported version and existing ones potentially downgrading, the opportunity is quite large. Of course, marketing to children can represent challenges and streaming may not have the most captive audience compared to platforms, but competitors have certainly proven that the value is there.

https://www.wsj.com/articles/disney-to-roll-out-cheaper-ad-supported-subscription-in-late-2022-11646405231?st=ikvo5mxrwrleyww&reflink=share_mobilewebshare

MoviePass Relaunching With Ad Service That Tracks Your Eyeballs

 

We have discussed in class how it can be quite challenging for marketers today to effectively and accurately measure advertising performance and business impact. Moviepass, a subscription-based movie ticketing service that went bankrupt two years ago, is re-emerging with an ad service that tracks subscriber's eye movements to ensure they are watching the ads. This is a requirement for subscribers who would like to receive free movies in exchange for watching the ads. 

Clearly, this provides advertisers a foolproof way to validate viewership of their ads as there is nothing better than tracking actual eye movement to determine whether the ad was viewed or not. The software even knows to pause the ad when the viewer looks away and resumes only once he returns. However, as a customer, I cringed at the thought of someone tracking my eyeballs so they can use the data for their own purposes. I think this may be too much of a price to get a free movie. I would be keen to see how this would be received by the public and if many people would actually subscribe to the service. 


UTM : What are they and how can use them?



A UTM code, short for Urchin Traffic Monitor, includes small pieces of coded data that attach to the end of a URL to help you keep track your content and campaign performance. UTM codes have two components and five standard parameters.

The two components of UTM codes are:

Tracking variable: UTM codes have a unique variable that identifies the dimension you are tracking. The variable always comes after the "=" sign. The variable after the equals sign may only have letters, numbers, periods, hyphens, and a "+" sign.
 
UTM parameter: The UTM parameter starts with "utm_" and there are five different parameters you can track: utm_campaign, utm_source, utm_email, utm_term, and utm_content.

Most companies turn to UTM codes to track performance of your marketing campaign. The code will help differentiate the traffic coming from each source and medium by campaign. Essentially, the UTM code performs one function – to help analytics tools track your visitors.

Let's break down the five UTM codes to help you understand what you can track when you use each parameter.

  • utm_source - This parameter allows you to track the source of your traffic. The sources you could track include Bing, Google, Facebook, Instagram, or other individual sources from your marketing channels.
  • utm_medium - This parameter tracks what marketing channels your visitors came from. Popular marketing channels include social media, organic search, PPC, email, and affiliates.
  • utm_campaign - This tracks which marketing efforts or campaigns attracted your visitors to your site.
  • utm_content - The content parameter is usually optional and only used if you have multiple links that go to the same URL. For instance, you may have two CTAs in one email. The content UTM helps you see the exact link or CTA that was clicked.
  • utm_term - The term UTM parameter is used to track keyword terms. This parameter is typically used for paid search ads


Thursday, March 10, 2022

Digital Marketing in the Metaverse- Tips

 Over the past year, our newsfeeds have been inundated with mentions of the metaverse, yet many people still remain unfamiliar with what the metaverse really is. At its most basic level, the metaverse is a collection of shared online spaces, experiences and assets that people can access via the internet, using virtual and augmented reality devices. The metaverse elevates the online experience by creating a virtual world where people can socialize, conduct business and experience immersive entertainment.

As hype around the metaverse builds, marketers want to take advantage of its popularity by successfully promoting brands and products in this alternative universe. To do so successfully, I researched some tips from Influencer Marketing Hub. Here are Influencer Marketing Hub’s top four tips:

1.      Extend the physical world into the virtual world (think of the metaverse as a continuation of reality). Marketers should design campaigns and experiences that are in parallel, extending seamlessly from one world to the next (i.e., the real world to the virtual world). This will give the brand a cohesive, reachable and authentic feel.

a.      Example: Virtual stores. These stores are navigable, branded spaces that are digital replicas of physical stores where mixed reality purchases and interactions can be made. Charlotte Tilbury allows users to shop their metaverse store, while also having the ability to invite friends to shop.

 

2.      Immersive is key. Marketers should look to host immersive branded events and experiences in the metaverse. These experiences offer metaverse users the opportunity to interact with the brand on a more personal level and to build a stronger relationship with the brand.

a.      Example: Travis Scott Concert on Fortnite.

 

3.      Make collectives available. The metaverse offers users the ability to collect and showcase a wide variety of items (i.e., clothes, art, souvenirs, etc.). Brands can take advantage of this by offering virtual assets (especially limited-edition items) for sale as part of their product offering and/or virtual events.

a.      Example: Gucci Garden experience on Roblox offers “The Collector’s Room” where it allows people to collect limited-edition virtual Gucci items.


4.      Engage with existing communities. The best way to penetrate the metaverse is through its pre-existing communities/members. To do this, brands should interact with and recruit community members to promote their brand via user-generated content. User generated content attracts more genuine interest in the brand than the more traditional ads.

Article of reference: https://influencermarketinghub.com/metaverse-marketing/ 

When your drink has to do more than taste good

Marketing tactics to associate a drink with an experience are nothing new. We all know Red Bull should feel like taking flight and an ice cold Corona should instantly transport you to a beach on a tropical island, but Coca Cola is taking this another step further.

Coke's newest release, Starlight, wants to put a flavor on space. Most of us may not ever make it to space in our lifetimes, but we should apparently still know what it tastes like. Coke Starlight's taste profile includes a cooling sensation meant to be reminiscent of exploring a cold void "with a dash of the unexpected", so you can live vicariously through the billionaires aboard the SpaceX and Blue Origin teams.

Starlight is also here to engage your other senses, with QR codes on each can/bottle that bring up augmented reality (AR) experiences of pop stars singing in space. The brand intends to follow with additional collaborations and AR events through what it is calling its Global Innovation Platform. Like the flavor or not, Starlight gives us a taste of how marketers are experimenting with AR/VR platforms and potentially the Metaverse to create a new wave of digital marketing.

The Bracket Gap Challenge

 

https://www.marketingdive.com/news/degree-looks-to-close-gender-bracket-gap-during-march-madness/620099/ 

Back in 2021, Ali Kershner posted a photo featuring the 2021 NCAA Men’s Basketball tournament facility versus the NCAA Women’s Basketball tournament facility. Her photo, along with many NCAA players’ IG reels & posts, showcased the gender inequality issues that exist within the Association. Brands such as Dick’s Sporting Goods, Tonal, and OrangeTheory reacted quickly by donating equipment to the NCAA Women’s tournament. Fast forward a year and the conversations on ways to encourage more gender equality continue. This article talks about how Degree is launching a marketing campaign called the Bracket Gap Challenge. Degree is currently working with a renowned WNBA player, Candace Parker, to encourage fans to fill out a bracket for the women’s tournament. The sweepstakes will pick a random winner to receive $25K and Degree will also donate $75K to a women’s athletic program in the winner's name. The campaign will not only bring awareness to the NCAA Women’s tournament, but it will also support Unilever’s (parent company) efforts around their Breaking Limits program.

In the article, Parker said “as a longtime advocate of equitable investment, I’ve seen that opportunity is a key driver to equality – and there is no opportunity without visibility.” Digital marketing will play a crucial role in bringing issues like gender inequality more public attention and more solutions like the Bracket Gap Challenge.

"Privacy? We talkin' 'bout privacy?"

In efforts to improve their privacy standards, Google announced in January 2020 that within two years they would remove third-party cookies from the Chrome product. Fast forward two years (now) and Goggle is singing a different tune. They're still committing to a "Privacy Sandbox" plan, but critics say the impact will be limited in terms of achieving true privacy. I've read that it is still possible for their new tools to uncover users' personal traits and still target them. So now what? While other sites are excelling in the privacy space, Google Chrome has the champion's advantage of earning over 63% of the global browser market. They have the ability to redefine privacy in their own way and still retain their users because the quality of their products are simply that good.

 

In this case I hate the game, not the player. Every consumer needs to understand that Google has a clear mission to optimize users' willingness to pay and I genuinely believe there are people out there who feel like their lives are better for it (the ad targeting). Most people I know have totally given up the need to protect themselves. "Protect myself from what?" my friend once said. "They have all my information anyway. I willingly participate in the system, give me the ads! Impress me!" I laughed at the thought of turning this dooming concept into my own game. Great ads get my clicks and maybe my money; all others will be shunned. 

 

https://www.wired.com/story/google-floc-cookies-chrome-topics/

Note: The title of this blog post is in reference to a famous Allen Iverson interview. If you don't know it, Google it!


lululemon... all channels and community

When I think about lululemon (LULU), I can't help but think about successful brand strategy, particularly when it comes to digital marketing. They have social cover across ALL platforms, they have a personalized email strategy, and they even have television. What's not as broadly discussed is their use of "community". LULU's ability to leverage the consumer by advertising the entire cohort of people is brilliant. The company can advertise its feel good fitness brand, while also selling an experience of a sense of belonging. The advertisement of the community can be woven into all products and is, successfully. This sort of strategy breeds success as each new customer wants to be a part of the group (even if the group is small, they don't know that!), it is a success begets success story. It's not to discount the work across other verticals but, the use of community is truly unique. 

Google Search Is Dying

Article: “Google Search Is Dying” - https://dkb.io/post/google-search-is-dying

The premise of this blog post is that Google Search is dying because people are less trusting of its search results.  In 1998, Google founders Sergey Brin and Lawrence Page said:

“We expect that advertising funded search engines will be inherently biased towards the advertisers and away from the needs of the consumers…Furthermore, advertising income often provides an incentive to provide poor quality search results.”

It seems the Google founders predicted the impact that ads are now having on their very own search engine, which the author posits is causing the death of Google search.

The author states that Reddit is now the most popular search engine, but because Reddit does not have a search engine feature, users search on Google with “reddit” appended to their search.  Interestingly, 15 years after its launch, Reddit continues to grow in terms of Google search volume.

Why are more users continuing to add “reddit” to their Google searches?  Because they believe Google search results are too inauthentic to trust.  The first few results the user sees are ads, followed by SEO optimized sites filled with affiliate ads and links (try searching for a recipe to see this in its full glory!).  Of course, SEO encourages ‘gaming’ of the system, and everything feels commercialized. 

Users are craving authenticity.  Since they can’t find that in Google search results, they have to append “reddit,” “hacker news,” “stack overview,” or another community they trust to their Google search to find critical feedback from an authentic user.

The future of digital marketing will look very different if users stop using Google search in the same way…aka if Google Search dies.

Google Suspends Advertising in Russia

Google suspended all advertising in Russia last Thursday across search, display, and YouTube. This news came only days after the company halted advertisements of content created by Russian state media. The internet regulator in Russia demanded that Google stop showing ads, claiming that some of the ads shown contained false information about the invasion of Ukraine. Part of this request was related to content that was created by YouTubers with information about the ongoing Russia/Ukraine conflict. Since this initial suspension of Google ads in the country, Google has now suspended all YouTube monetization features on the platform. This ultimately hurts content creators who rely on the income for content creation on the platform. In addition, this removes a critical channel for brands in Russia to reach customers in other parts of the world. As we've seen several times in past weeks, while sanctions and other changes happening to platforms within Russia may be impacting Russia's overall economy, they may adversely impact people who are not necessarily supporting Russia's war efforts. Other platforms, including Twitter and Microsoft, has implemented similar suspensions. 

https://www.nytimes.com/2022/03/03/technology/google-ads-russia.html

In advertising, the pandemic is (mostly) over

When Covid struck in 2020, we closely watched the news and press conferences to better understand what we should be doing to help protect others. We looked to public health officials and emergency response teams for guidance, advice and actions. And then the marketers stepped in. Brands quickly created content to highlight the importance of these public safety measures. They stood up and took a stand to help combat the virus and provide relevant content during a time where everything except Covid felt irrelevant. Ads started featuring people social distancing. Uber crated an impactful campaign about protecting each other, and Delta and other airlines changed their websites and digital content to travelers in masks. The pandemic came and marketers picked up the responsibility of being another voice of public safety guidance. And now, they feel like this responsibility is over. This type of content has become so combative and divisive that marketers are deciding that people no longer want to be reminded of those "tough" times. It will be interesting to see how quickly the creative goes back to a pre-covid/inspirational era and what the next phase of advertising looks like as the world starts to open up again. 

https://www.morningbrew.com/marketing/stories/2022/03/01/in-advertising-the-pandemic-is-mostly-over

Fashion & Beauty Brands Response to Ukraine

 Fashion & Beauty Brands Response to Ukraine

https://www.thecut.com/2022/03/how-fashion-and-beauty-brands-are-responding-to-invasion-of-ukriane.html


The invasion of Ukraine is something that is evolving and fashion brands have been criticized for not responding quickly enough. In addition some brands have been criticized for capitalizing off the situation or not calling it what it is (a war) although that might not have been their intention. With digital marketing brands have the ability to move quicker than ever and yet there is often so much that goes on internally that it prohibits them from reacting in a timely manner. Brands are also cautious of the negative reactions/implications of their well intentioned efforts. 


Having a response team and implementing a social first strategy is something that is imperative for brands. Things are constantly changing in the world and social and environmental crises continue. A response team will allow brands to be agile and get the word out digitally even if it's to show support or solidarity while they work through a larger more formal response internally. 


Since so much of what brands do live in digital channels like Instagram it gives the brands a platform to use their voice and is apparent when one brand chooses not to respond. Now more than ever people are choosing to shop/support brands that share their values. It is refreshing to see so many brands use their platforms for good.


See What FB responded to 'The Social Dilemma'

We discussed three aspects of 'The Social dilemma' in class: mental health, polarization, discrimination. But the way this film conveys ideas is a bit extreme, which makes the ideas seems not neutral. 






To understand this issue better, it will be beneficial to see what Facebook said about it. Facebook has published an official response to this film, stating from seven perspectives to explain why this film is wrong:




(Source: https://about.fb.com/wp-content/uploads/2020/10/What-The-Social-Dilemma-Gets-Wrong.pdf)





1, Addiction: FB's main goal is to provide value for users, not let people spend more time on FB. FB is working actively on spreading meaningful social interactions instead of the viral videos that make you addictive.




--can't agree. FB will definitely assign a great weight on the indicator of user's online time, and FB wants you to be addicted to them. They may do something to make this point not that obvious, but that's it.






2, YOU ARE NOT THE PRODUCT: FB is funded by advertisement, but that allows you to get access to FB free. Moreover, FB will not provide your personal information to advertisers.




--can't agree. 'YOU'  are extremely valuable to FB, without 'YOU', their platform worths nothing. How to make 'YOU' more valuable is the product. (But I do think this deviates from the initial goal of FB.) FB spent tons of efforts to study how the users will be easily influenced by the ads, so that brands can achieve business success because of your changing-minds. But do they care the changing of users' behaviors is good or bad?




 


 




3, ALGORITHMS: Algorithms are used to improve users' experiences, just like all other platforms do.



--can't agree to some extent. Algorithms will also create side effects, like mentioned in the film, polarization. It's not always good. FB just avoided talking about this part of view.

 

 




4, DATA: FB states their efforts on data privacy, and FB emphasizes they don't get data about the users from other businesses.



-- agree to some extent. Pressure about data privacy also comes from Apple, so they have to comply. But they will exploit the data they collected about you on their app to an extreme, which is also horrifying to think about either.


 




5, POLARIZATION: Polarization exists long before the FB and other online platforms were created. And political topics are tiny percentage of contents spread on FB. Now FB is working on decreasing the number of political content and studying the mechanism of FB's influence on polarization.






-- can't comment. I didn't grow up and live for long time under this environment, so I don't have real experiences. 





6, ELECTIONS: FB has put lots of efforts on secure the integrity of elections from 2016, in which year FB did do wrong on elections, by improving the security (prevent attacks), making ads more transparent, spreading more reliable information.





-- can't comment either. But their methods seems reasonable and should have positive effects.





7, MISINFORMATION: FB has fact-checking partners to identify fake news, misinformation and harmful contents. The content will be down-ranked once it's identified as 'bad' information.




-- I believe FB has done their part of job for this issue.   



 





Wednesday, March 09, 2022

https://www.searchenginejournal.com/digital-marketing-seniors/420174/#close

The article above provides insight into a growing opportunity to leverage digital marketing more effectively for senior citizens. While seniors may be perceived as less technologically savvy on a relative basis, the article points out how 94% of consumers from 55-64 use the internet at home, and of 65+ 77% use the internet at home. Furthermore, seniors 50 and older make up 51% of consumer spending and are generally more loyal customers, making them a valuable segment to purpose.

I found the article interesting because I would have naively considered senior citizens as less likely to be tech-leaning brand adopters. However, the article explains some interesting use cases which discuss how seniors actually have superior benefits as targets of digital marketing than others. For example, while seniors may be less informed of current trends, their lack of education presents an opportunity for brands to provide content about a valuable product or service which can alleviate challenges in their lives (1 in 3 baby boomers  use you tube to learn about a product or service). A bank for example, can leverage off-line relationships to establish some brand loyalty, and then strengthen that loyalty with targeted marketing to encourage  online banking to alleviate the time required to visit a bank in person.

I always thought of digital marketing as something that was done “in addition to” using the internet for other functional purposes (communicating, research, etc). This  illustrates that digital marketing can actually serve a unique purpose and provide incremental awareness and utility to consumers relative to what they would been able to leverage off-line.


Finding Marketing Value in Discord

 Doing some research for our class project led me to learning more about Discord, a VoIP which is sort of a combination of slack, zoom and whatsapp all built into one. The platform is used to build communities around different topics and interests, separated by 5 key categories: music, education, science & technology, entertainment and gaming. I came across Discord as a place where people discuss fantasy sports and different subsets of fantasy sports and gambling. Instead of thinking of discord as a platform for traditional paid advertising, I began to think about how to leverage this channel for insights (to learn more about our actual target audience in a casual setting) as well as for promotion (a vehicle to offer incentivizes to get people to try our company, Bettor Fantasy's, product). Discord is free to use and also relatively cheap to monitor and utilize. It seems like it's only a matter of time before bigger, more established companies begin to leverage Discord to appeal to its some 150M monthly users and for smaller brands promoting a niche product, it could be a great way to jumpstart engagement. 

Resource: https://neilpatel.com/blog/discord/

Streaming Wars - The Untapped Frontier

In class, we speak often about the untapped potential that streaming services provide for advertisers. It's no wonder that streaming is the new frontier given the explosion of growth for streaming services in the size of the audience and the number of hours spent by consumers in the past 18 months. Netflix already has 200 million global subscribers, Disney+ has 95 million subscribers, and Amazon has 150 million subscribers. The next tier of providers - HBO Max, Peacock, Hulu - are all climbing to reach their 50 million subscriber mark.

One thing that these streaming services need to keep in mind is original content certainly helps to drive new subscribers as was the case for Apple TV+ and Disney+. However, only half stayed on after six months. Therefore for these providers to stay relevant and capture long-term audiences, they need to continue to release captivating content and rethink their subscription models.

Major streaming services like Disney+ and Netflix are looking beyond video, such as video games, to expand their value proposition and maintain their market dominance. This all offers exciting new opportunities for marketing and advertiser to be innovative and creative in first determining which streaming services to partner with and decide how they can advertise depending on the type of content. For example, advertisers can choose to use streaming ads on games vs. movies.

Finally, advertisers need to understand the consumer's opinions about ads on their streaming services. Many may be open to ads if they help with lowering the streaming fees since a growing number of households manage multiple streaming accounts. The potential is great for advertisers who can tap into viewers' openness to ads and their preferences.

-- 

Resources:

https://www.cnbc.com/2021/02/18/streaming-wars-how-to-tell-whos-winning-and-whos-losing.html

https://www.emarketer.com/content/streaming-originals-spell-new-subscribers?ecid=NL1001

https://www.entrepreneur.com/article/382316


Apple has changed the game for Meta


Apple’s newly announced privacy updates for the iPhone has caused a tumble in the stocks for Meta, Facebook's parent company. The iPhone update helps iPhone users keep their data private from apps like Facebook. This new privacy feature creates difficulties for Facebook to pull data analytics about the users on iPhones. The lack of being able to pull the data from other apps makes it more difficult for Facebook to target specific consumer groups. This has caused companies to reduce the amount spent on advertising on Facebook and shift that budget to other companies including Google, Snap and TickTop. 



Read more at:

https://www.wsj.com/articles/facebook-apple-google-advertising-privacy-changes-11645199877


Digital Marketing Market to be Valued at $460BN by 2022

https://martechseries.com/predictive-ai/ai-platforms-machine-learning/digital-marketing-market-to-be-valued-at-460-billion-by-2022-says-beroe-inc/


With the recent surge on e-commerce buying as a result of the pandemic, a companies' focus on digital marketing has continued to increase. This increase has been seen across all channels, whether it be emails, paid spend, organic, etc. It was estimated that the market size was $300-$400BN in 2021 - but into 2022, the forecast for this amount has now increased to $460BN. While many believe the market will stabilize to some degree, the fundamental changes that companies have gone through will be tough to stray away from, resulting in a continued re-investment into this part of the business. 

While I do think this growth will continue, I do think the stabilization will be higher than this article might suggest. Businesses will continue to pivot into online marketing but I do think as people start going back out and spending time at retail this focus will partially subside in the short-term. With that being said, however, as the younger generation continues to age and become a bigger part of the market, the reliance on this part of marketing will continue to grow in importance as the online channels are predominately where most in this generation access their news, influence, and interests.  

Monday, March 07, 2022

 

3 Email Marketing Trends To Help You Kickstart 2022

Due in particular to the past two years' lockdown, email has become the preferred way for people to stay up to date about their favorite products and brands.  However, a simple email can’t be enough; in fact, marketers that have been able to adapt email as marketing tool, have been the most successful ones. 

With on-line shopping and ‘deliveries’ to the roof, now more than ever, consumers rely on emails.  Several studies are projecting that the number of emails that will be sent every day in 2022 will be 333.2 billion.  Yet, in order to be successful in 2022, experts recommend:

-          Focus on click rates and conversion more than on open rates:  it is crucial to find out what content leads to the highest conversion rate.

-          Keep spam complaints at bay: ideal would be not to receive one spam complaint for every 1,000 emails.

-          Test plain-text vs. HTML emails: it is crucial to define which format the target customers is better responsive

-          Experiment with shorter or longer copy: similarly, to the prior point, the right length is crucial to maintain the customer attention

-          Allow people to sign up: allowing people to sign-up for newsletter

Another crucial point I would add is to be aware of the recurrence of the email.  Marketers has always the difficult job to keep the consumer engaged and up to date with the brand without falling into ‘annoying’ solicitation and lose the consumer attention.

https://www.entrepreneur.com/article/403030