tag:econsultancy.com,2008:/topics/social-2 Latest Social content from Econsultancy 2017-04-20T01:01:00+01:00 tag:econsultancy.com,2008:BlogPost/69008 2017-04-20T01:01:00+01:00 2017-04-20T01:01:00+01:00 Which channels do marketers really use? Jeff Rajeck <p>Part of what makes marketing interesting is that the discipline is constantly evolving. Hardly a week goes by without some major change to a consumer service or a new way to use a platform to engage with our audiences.</p> <p>Yet sometimes the pace of change can be overwhelming. It's often difficult to both keep up with the latest innovations and stay on top of daily marketing tasks.</p> <p>To find out just how necessary it is for marketers to be familiar with the latest platforms, <strong>we surveyed over 200 marketers in Australia and New Zealand about the channels they use for their marketing efforts</strong>. Below are some of the surprising findings along with some commentary.</p> <p>For more data from the survey please refer to the Econsultancy report, <a href="https://econsultancy.com/reports/cross-channel-marketing-in-australia-and-new-zealand">Cross-Channel Marketing in ANZ</a>, produced in association with IBM Marketing Cloud.</p> <h3>1. Conventional digital channels still rule</h3> <p>First off, the survey results make it clear that <strong>marketers are most frequently using familiar digital touchpoints for their marketing efforts</strong>. Social media, email, and SEO (natural search) are all used by more than eight in ten marketers (87%, 87%, 81% respectively).</p> <p><img src="https://assets.econsultancy.com/images/0008/5487/top__5_channels.png" alt="" width="800" height="514"></p> <p>One reason these channels are the most popular is because <strong>companies tend to use channels which are well-understood and easy to integrate into overall marketing activity.</strong></p> <p>The conventional channels are also where the brands' customers are spending their time.   </p> <ul> <li> <strong>Email</strong>: According to the <a href="http://www.radicati.com/wp/wp-content/uploads/2015/02/Email-Statistics-Report-2015-2019-Executive-Summary.pdf">Radicati group</a>, more than 2.5bn people use email every month.  </li> <li> <strong>Social</strong>: The largest global social network, Facebook, <a href="http://money.cnn.com/2017/02/01/technology/facebook-earnings/">is now approaching 2bn monthly active users (MAUs)</a>.</li> <li> <strong>Search</strong>: Google has announced that its search platform has <a href="http://www.theverge.com/2016/2/1/10889492/gmail-1-billion-google-alphabet">at least 1bn MAUs</a>.</li> </ul> <p>When the usage of these platforms is compared to, say, Snapchat, we can easily see why marketers are so much more likely to use them.</p> <p><img src="https://assets.econsultancy.com/images/0008/5486/1.png" alt="" width="800" height="371"></p> <h3>2. Offline touchpoints are still relied upon by many brands</h3> <p>A somewhat surprising result from the survey is that <strong>offline touchpoints are still a significant part of the marketing mix.</strong> While point-of-sale and call centres are only used by around one in three companies (34% and 31% respectively), traditional media and events are used by significantly more (47%, 71% respectively).</p> <p>The popularity of offline touchpoints makes a bit more sense when data from <a href="https://www.consumerbarometer.com">recent research from Google</a> is considered.</p> <p>Google recently surveyed consumers in Australia and New Zealand and reported that only <strong>just over half of consumers (58% Australia, 53% New Zealand) used an online channel to research or purchase a product.</strong></p> <p><img src="https://assets.econsultancy.com/images/0008/5489/google1.png" alt="" width="800" height="348"></p> <p>So to reach customers where they are likely to research their products and buy them, marketers must still operate offline to a significant extent.</p> <h3>3. Mobile is not as popular as you might think</h3> <p>Another interesting survey result is that mobile touchpoints are less popular in Australia and New Zealand than offline channels.</p> <p>Though the mobile web is used by nearly half (49%) of client-side respondents, mobile messaging, mobile apps, messaging apps and mobile push notifications are each only part of less than one in four companies' marketing efforts (23%, 22%, 10%, 7%, respectively).</p> <p>This apparent lack of enthusiasm for mobile is even more confusing considering the relatively high penetration of smartphones in the region. More than <a href="https://www.statista.com/statistics/257041/smartphone-user-penetration-in-australia/">80% in Australia</a> and <a href="http://www.researchnz.com/pdf/special%20reports/research%20new%20zealand%20special%20report%20-%20use%20of%20smartphones.pdf">70%  in New Zealand</a> use mobile devices with internet connectivity.</p> <p>But going back to Google's Consumer Barometer data offers a reasonable explanation. When asked where in the buying cycle did people use a smartphone, <strong>fewer than 50% use a smartphone for anything at all in the buying cycle and only around 10% use a smartphone for buying.</strong></p> <p><img src="https://assets.econsultancy.com/images/0008/5490/google2.png" alt="" width="800" height="185"></p> <p>So while there is a lot of advice out there about how brands should 'embrace' mobile and aim to be 'mobile-first', <strong>i</strong><strong>t seems that consumers are not quite there yet with mobile. </strong></p> <h3>4. Messaging apps hardly appear on brands' radars</h3> <p>From our data, it seems that the biggest chasm between conventional wisdom and reality concerns messaging apps. If you read the tech press, you'd be forgiven for thinking that messaging apps dominated our culture and each change to these apps affects millions of lives. Marketers, one might think, should be flocking to them in droves.</p> <p>While there is some chance that this is <a href="https://econsultancy.com/blog/68429-six-things-marketers-should-know-about-social-media-in-asia-pacific/">true in China</a>, <strong>marketers in Australia and New Zealand indicated that messaging apps are not popular channels for marketing in the region.</strong> A mere 10% of client-side marketers use messaging apps and only 15% of agency marketers said the same.</p> <p>From other data, it's clear that the problem with messaging apps isn't consumer interest. <a href="http://www.onmsg.com.au/">According to messaging app agency On Message</a>, Australia will have over 11m messaging app users in 2017 and messaging apps are the primary form of contact for more than half (54%) of 15-19 year olds in the country.</p> <p><img src="https://assets.econsultancy.com/images/0008/5491/On_Message.png" alt="" width="800" height="234"></p> <p>Instead, it is much more likely that <strong>messaging apps are still simply too difficult to use for marketing.</strong> Besides some basic self-service ads on Facebook Messenger, engaging with messaging users requires dedicated resource to build contact lists, 'man' the consumer outreach or customer service desk, and build bots to handle incoming traffic.</p> <p>This is not to say that marketing via messaging apps will never happen, but rather that it is likely that it will be some time before most brands have to worry about engaging their customers on these platforms.</p> tag:econsultancy.com,2008:BlogPost/68946 2017-03-29T13:56:43+01:00 2017-03-29T13:56:43+01:00 What the commodification of (Snapchat) Stories means for marketers Bola Awoniyi <p>Life can come at you fast though, especially when you're in the consumer tech space.</p> <p>In less than 12 months, the Stories format is now prevalent on the Instagram, Messenger, WhatsApp and Facebook apps, thus making the intentions of the largest aggregator of human attention abundantly obvious.</p> <p>However, Facebook is not the only entity to have taken inspiration. Medium’s version of the format, <a href="https://medium.com/the-mission/wtf-is-mediums-new-series-feature-and-what-does-it-mean-for-us-7a267fc5bebb">“Series”</a>, is less than a month old. <a href="http://www.apple.com/uk/clips/">Clips</a>, announced just last week, is Apple’s attempt to also get involved in the space.</p> <p>And although misguided, Twitter’s implementations of <a href="https://thenextweb.com/apps/2016/08/09/twitter-moments-stories/#.tnw_X98BwX7l">Moments</a> and <a href="https://www.recode.net/2016/6/27/12037034/twitter-stickers-feature-like-snapchat-facebook">Stickers</a> were both attempts at competing with the Stories phenomena.</p> <p>With the proliferation of mobile storytelling heading fast towards visual content overlaid with filters and emojis, it begs the question, how should brands respond?</p> <h3>From Feature to Format</h3> <p>There is no doubt that what was once an exclusive part of Snapchat is now a part of a growing numbers of apps and platforms where consumers spend the bulk of their time. </p> <p>Whether or not Facebook / Instagram were underhand in imitating the feature is now irrelevant; it's now a format that hundreds of millions are going to be exposed to in the coming months. With that change should follow a change of tack for marketers and others interested in getting the attention of consumers.</p> <p>It no longer makes sense to avoid Stories because your customer is not on Snapchat. Stories is going to be a commonplace feature, with consumers likely trying it out on multiple platforms and, more importantly, seeing how others use the format too.</p> <p><img src="https://assets.econsultancy.com/images/0008/5113/facebook_stories.jpg" alt="" width="750" height="441"></p> <p>It is already <a href="https://techcrunch.com/2017/03/26/camera-is-the-new-keyboard/">being described as the new news feed</a>, which may not be far from the truth if users flock to the format on Facebook in the same way users have done on Instagram (There are now as many people using Stories on Instagram as there are using the entire Snapchat app).</p> <p>If this is truly the case, marketers that are not experienced in the format, should start building the expertise, lest they get left behind.</p> <h3>Stories is now a language marketers need to learn</h3> <p>The nuts and bolts of a Story are mostly the same, regardless of which app you are using:</p> <ul> <li>Video and picture content presented (mostly) vertically, completely natural in a smartphone-driven world.</li> <li>Stories are told in chronological order, rather than the reverse chronology of the old Twitter timeline / Instagram feed, or the algorithmic feed made popular by Facebook.</li> <li>Images are normally overlaid with text, music, filters, emojis and other things. The assortment of options is unique to each platform for the time being, but whether that changes or not remains to be seen.</li> </ul> <p>This combination of elements, in particular the camera function, is uniquely enabled by smartphones, which the creators and imitators of the formats have more than embraced. </p> <p>Snap CEO Evan Spiegel:</p> <blockquote> <p>In the way that the flashing cursor became the starting point for most products on desktop computers, we believe that the camera screen will be the starting point for most products on smartphones.</p> </blockquote> <p>Messenger Day product manager, Tony Leach:</p> <blockquote> <p>We like to think of the camera as the new keyboard.</p> </blockquote> <p>This marks a significant change from the content currently being posted on social feeds. Most of this content is strictly one format: Links, text, pictures, videos, that stand side by side in contained units.</p> <p>What the format of Stories has created is a mobile-friendly canvas for users to create experiences where pictures, videos, sounds, words and more can come together. This will require even more creativity from marketers on a more frequent basis, if they are going to use Stories as a format effectively.</p> <h3>Yet another format to add to the mix</h3> <p>However, just because Stories is “the new news feed”, that doesn’t mean the feed format is obsolete.</p> <p>While Stories is currently being used to tie together the in-between moments that make up a user’s daily narrative, the feed / timeline is just as important in its role of showing off the best moments a user has to offer; hero content, if you will.</p> <p>On top of this, despite Zuckerberg’s clear eye for products and features that garner consumer attention, to date his company has only created significant revenue from feed-based products.</p> <p><iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2Fmessenger%2Fvideos%2F1227636360689375%2F&amp;show_text=0&amp;width=560" width="560" height="315"></iframe></p> <p>As social platforms continuously seek to find the optimal balance between showing users content from friends and family vs. brands vs. professional content producers, it is probably safe to assume that marketers will still need to continue creating engaging content for the feed, as well as content for their Stories.</p> <p>Consequently, as the Stories format gains adoption, brands will have to make real decisions about how to distribute resources among the different formats and platforms they use for social media.</p> <h3>Don’t forget to think about ads too</h3> <p>It goes without saying that at some point, marketers will need to take the ad formats that go in between each story seriously, probably sooner rather than later.</p> <p>Thus far, <a href="https://www.snapchat.com/ads/snap-ads">such ads on Snapchat</a> can only be executed through <a href="https://www.snapchat.com/ads/partners">the use of a Snapchat partner</a>, while <a href="https://business.instagram.com/blog/instagram-stories-available-globally/">Instagram only made global advertising for Stories available</a> at the beginning of March. As the format increases in popularity, you can guarantee Facebook will switch on ads for its other properties too.</p> <p>Advertising creative in this format will be markably different to ads for other formats, which only adds to the learning curve marketers will need to go through.</p> <p>Marketers will be best served to start experimenting on this in small pockets on Instagram as soon as possible (and Snapchat if you have the budget), to ensure that their brand will be in the best position to capitalise when the time is right.</p> <h3>In conclusion...</h3> <p>While Stories being copied may be problematic for Snapchat, it also puts the onus on marketers to get to grips with yet another format.</p> <p>It may take some time for the format to take off, but every second that your brand is not making these stories, it’s another second your competitor could be gaining valuable experience and marketshare at your expense.</p> <p>That said, as Facebook has clearly shown, sometimes there is nothing wrong with waiting to see how things go, before having the audacity to copy well.</p> tag:econsultancy.com,2008:Report/4438 2017-03-14T11:00:00+00:00 2017-03-14T11:00:00+00:00 Financial Services and Insurance Internet Statistics Compendium <p>Econsultancy's <strong>Financial Services and Insurance Internet Statistics Compendium</strong> is a comprehensive collection of the most recent financial services and insurance statistics and market data publicly available on online marketing, ecommerce, the internet and related digital media.</p> <p>Like our main <a title="Internet Statistics Compendium" href="https://econsultancy.com/reports/internet-statistics-compendium">Internet Statistics Compendium</a>, this report has been collated from information available to the public, which we have aggregated together in one place to help you quickly find the financial services and insurance internet statistics you need.</p> <p>There are all sorts of internet statistics which you can slot into your next presentation, report or client pitch.</p> <p>Areas covered in this report include:</p> <ul> <li>Digital financial services and insurance market trends</li> <li>Financial Technology (Fintech) and investments</li> <li>Digital strategy and transformation</li> <li>Online banking</li> <li>Mobile banking, mobile payments and the mobile wallet</li> <li>Customer experience</li> </ul> <p><strong>A free sample document is available for download.</strong></p> tag:econsultancy.com,2008:Report/4434 2017-03-10T16:00:00+00:00 2017-03-10T16:00:00+00:00 Social Quarterly: Q1 2017 <p>Social media evolves rapidly, and the <strong>Social Quarterly</strong> provides an overview of the latest trends in the industry. It contains information which can be translated into your own documents, allowing you to prepare a pitch or use internally at a moment's notice.</p> <p>The Social Quarterly examines the current social media landscape, trends and updates on various social platforms and considers what will happen next. Updated four times per year, it will help to quickly surface statistics and trends you can use and react to immediately.</p> <p>This year's <strong>first edition of the Social Quarterly </strong>looks at Instagram's new stickers and carousal features, Pinterest's new visual discovery tool, the introduction of Snapchat-like features to Facebook-owned platforms, how Twitter is combatting online abuse as well as social engagement stats on the Super Bowl. Plenty to whet your appetite!</p> <p>Bringing to life data from the <a href="https://econsultancy.com/reports/social-media-statistics">Internet Statistics Compendium</a> and the <a href="https://econsultancy.com/blog/">Econsultancy blog</a>, the Social Quarterly is the best of social in an easy-to-digest format.</p> <p>The Social Quarterly will allow you to:</p> <ul> <li>Stay up to date with regular developments across multiple social media platforms.</li> <li>Present and pitch at short notice with clear and effective data.</li> <li>Pinpoint areas in which you want to find out more and use the linked Econsultancy resources and blog posts to do this.</li> <li>Spot potential ways your company could be using social media but is not currently.</li> </ul> tag:econsultancy.com,2008:TrainingDate/3139 2017-03-10T08:20:38+00:00 2017-03-10T08:20:38+00:00 Content Marketing for Web, Mobile and Social Media - Malaysia <p>Brands are increasingly turning to content driven marketing strategies to gain marketplace attention and increase customer engagement in a multi-channel environment. For your marketing to be effective in 2015 and beyond, you will need to provide content that's useful to your customers and that advances your business objectives in a measurable way. It is also vital to create high engagement by building and maintaining a community around your content. </p> <p>The discipline of content marketing provides the framework for ensuring that your content delivers on these essential requirements across all relevant traditional and digital platforms. In addition to covering the basic principles of content marketing, this 3-day workshop seeks to address the challenges of marketers in developing a content strategy and help marketers to create a realistic and sustainable content plan.</p> tag:econsultancy.com,2008:TrainingDate/3136 2017-03-10T08:15:51+00:00 2017-03-10T08:15:51+00:00 Content Marketing for Web, Mobile and Social Media - Malaysia <p>Brands are increasingly turning to content driven marketing strategies to gain marketplace attention and increase customer engagement in a multi-channel environment. For your marketing to be effective in 2015 and beyond, you will need to provide content that's useful to your customers and that advances your business objectives in a measurable way. It is also vital to create high engagement by building and maintaining a community around your content. </p> <p>The discipline of content marketing provides the framework for ensuring that your content delivers on these essential requirements across all relevant traditional and digital platforms. In addition to covering the basic principles of content marketing, this 3-day workshop seeks to address the challenges of marketers in developing a content strategy and help marketers to create a realistic and sustainable content plan.</p> tag:econsultancy.com,2008:BlogPost/68846 2017-03-01T14:46:59+00:00 2017-03-01T14:46:59+00:00 Three effective ways pharma brands have used Facebook for marketing Patricio Robles <h3>VAYA Pharma buys targeted Facebook ads</h3> <p>To market Vayarin, a prescription "medical food" used in the dietary management of attention-deficit/hyperactivity disorder (ADHD), VAYA Pharma <a href="http://www.dmnews.com/social-media/pharma-company-succeeds-using-social-media/article/638864/">turned to</a> social marketing firm Adaptly, which determined that Facebook, thanks to its targeting capabilities, was the ideal platform on which VAYA could reach parents who have children with ADHD.</p> <p>Adaptly's campaigns, which used Facebook Link Ads and the Facebook Audience Network, ran between May and July 2016 and targeted parents between the ages of 35 and 54. Keyword interest categories were used to identify interest in ADHD.</p> <p>The result: the campaigns delivered nearly 100,000 visitors to the VAYA's Vayarin website and generated more than 270,000 downloads of the company's consumer-focused Vayarin infosheet. What's more, by using the Audience Network, which allows Facebook advertisers to target users outside of Facebook, Adaptly says that it was able to beat its target cost-per-link-click by nearly 50%.</p> <p><strong>Key takeway: </strong>Pharma companies looking to reach well-defined target audiences have plenty of opportunities to do so with Facebook's ad offerings.</p> <h3>Novartis supports a Facebook Live event</h3> <p>Big pharma doesn't have the best reputation these days, potentially making it even more difficult for pharma marketers to cut through the clutter when attempting to reach consumers directly through digital channels like social.</p> <p>But there are ways to deal with this, <a href="https://econsultancy.com/blog/68403-pharma-company-novartis-taps-facebook-live-event-to-promote-heart-failure-drugs/">as pharma giant Novartis demonstrated</a> when it teamed up with the American Heart Association and actress/singer Queen Latifah as part of its <em>Rise Above Heart Failure</em> initiative. One component of the initiative was a Facebook Live panel discussion featuring Queen Latifah and medical doctor Karol E. Watson, a professor of medicine/cardiology and the co-director of the UCLA Program in Preventive Cardiology.</p> <p><img src="https://assets.econsultancy.com/images/0008/0425/Screen_Shot_2016-10-17_at_17.13.28.png" alt=""></p> <p>Nearly 1,000 people tuned into the event, and the recording has since been viewed some 36,000 times. </p> <p><strong>Key takeaway:</strong> Pharma companies can gain positive exposure by creating or supporting the creation of informative and educational health content on Facebook. This includes Facebook Live content that is produced and distributed in partnership with other organizations.</p> <h3>Johnson &amp; Johnson builds a Facebook app</h3> <p>Facebook launched the Facebook Platform in mid-2007, giving third parties the opportunity to build apps that are integrated with Facebook for the first time ever.</p> <p>One of the earliest pharma companies to embrace the Facebook Platform was Johnson &amp; Johnson, which through a division of its Johnson &amp; Johnson Vision Care, Inc. subsidiary, <a href="http://www.marketwired.com/press-release/vistakonr-brings-acuminder-to-facebook-users-895672.htm">launched a Facebook application</a> for its Acuminder service, which sends important reminders to contact lens wearers. The Acuminder Facebook app, which is no longer active, allowed users to receive those reminders in their Facebook news feeds.</p> <p><img src="https://assets.econsultancy.com/images/0008/4222/acuminder.png" alt="" width="727" height="315"></p> <p>As of February 2009, Johnson &amp; Johnson said that nearly 20,000 users had signed up to receive Acuminder alerts, and that "bi-weekly contact lens wearers using Acuminder reported a marked improvement in their contact lens behavior."</p> <p><strong>Key takeaway:</strong> While Facebook apps are no longer the most prominent fixture on the service, Johnson &amp; Johnson's early embrace of the Facebook Platform to extend its Acuminder service to the world's largest social network demonstrates that pharma companies do have opportunities to deliver value to consumers through utilitarian apps. </p> tag:econsultancy.com,2008:BlogPost/68737 2017-02-06T14:32:00+00:00 2017-02-06T14:32:00+00:00 Why brands are increasingly creating experiences & adventures to woo consumers Patricio Robles <p>In partnership with Momenta, a photojournalism non-profit that offers workshops around the world, Leica is inviting individuals who love photography the rare opportunity to travel to India or Myanmar later this year with professional photographers as part of <a href="http://momentaworkshops.com/workshops/leica-destinations-travel-photography-workshops/">its new<em> Destinations</em> program</a>.</p> <p>The two trips, which take place in October and November, consist of "off-the-beaten-path" journeys "without tour buses or large groups."</p> <p>The professional photographers will serve as tour leaders and be available for "one-on-one private editing sessions" with participants. Participants do not need to own Leica equipment, but not surprisingly, "Leica gear...will be made available for those who would like to experience the joy of a rangefinder or elegant point-and-shoot cameras." This includes new Leica equipment, such as the company's $8,000-plus model SL camera.</p> <p>Each trip costs $6,995, excluding international airfare, and is limited to 15 participants. </p> <p><img src="https://assets.econsultancy.com/images/0008/3623/leica.png" alt="" width="778" height="297"></p> <p>Attendees are promised the experience of a lifetime. As Jamie Rose, the COO of Momenta told Bloomberg about a recent workshop the organization held in Myanmar, "We found out about a novice monk induction ceremony the day before it happened, and we were able to get into it. That’s something nobody else would have had."</p> <p>Leica's <em>Destinations</em> program is an extension of <a href="http://leicaakademieusa.com/">Leica Akademie</a>, which hosts a number of events and has offered a <em>Landscape</em> program that offers photography trips to National Parks.</p> <h3>A way for high-end brands to connect with customers and aspirational consumers</h3> <p>Even though only 15 individuals will be able to participate in each of Leica's <em>Destinations</em> trips, that isn't the point. The mere fact that Leica is offering a program like this helps reinforce its brand and position in the marketplace.</p> <p>Increasingly, that's critically important for companies that compete in the high-end of their markets and often appeal to aspirational consumers. For Leica, a company that sells cameras routinely costing thousands of dollars, and some costing tens of thousands of dollars, experience is indeed one of the most potent ways to reinforce its brand.</p> <p>Leica isn't the only high-end brand taking advantage of experience.</p> <p>Lamborghini, for example, offers the Lamborghini Esperienza, a "tailor-made program [that] allows participants to experience the brand’s values." It includes a visit to the Lamborghini factory in Italy and gives participants the ability to get behind the wheel of some of the company's vehicles on the Autodromo di Imola race track.</p> <p><img src="https://assets.econsultancy.com/images/0008/3622/lamborghini.png" alt="" width="852" height="259"></p> <p>The luxury car brand also runs Lamborghini Accademia, which offers training programs for those who want to learn how to drive Lamborghinis in a variety of settings.</p> <p>The company's Winter Accademia, which takes place later this month, gives participants the opportunity to learn how to drive Aventador and Huracán vehicles costing hundreds of thousands of dollars in "extreme winter-driving conditions." The program is open to anybody; no ownership of a Lamborghini is required.</p> <h3>The convergence of product and experience</h3> <p>Leica and Lamborghini are two examples of high-profile brands that manufacture and sell physical products and that are building experiences around those products. But what about companies that are focused on experience?</p> <p>Interestingly, some of those are getting into the business of creating products to go along with their experiences. Case in point: <a href="https://econsultancy.com/blog/68333-what-brands-need-to-know-about-snapchat-spectacles/">Snapchat Spectacles</a>.</p> <p>Spectacles hints at a future in which brands, no matter what they sell, ultimately seek to cement their position in the markets they serve by combining product and experience.</p> <p>While not every brand has the ability to do this in the same fashion as brands like Leica, Lamborghini and Snapchat, expect to see more and more brands moving in this direction in years to come.</p> tag:econsultancy.com,2008:BlogPost/68768 2017-02-02T14:41:08+00:00 2017-02-02T14:41:08+00:00 What marketers need to know about Pinterest's new search ads Patricio Robles <p>Here's what marketers need to know about Pinterest's new ad offering, which had previously been tested by a number of major brands.</p> <h3>The ads are inserted as Pins into the search results page</h3> <p>On Pinterest, when a user enters a search query, Pinterest displays a search results page consisting of pins that match the query. On average, there are about 55 pins displayed per search results page.</p> <p><img src="https://assets.econsultancy.com/images/resized/0008/3619/pinterest-target-ad-blog-flyer.png" alt="" width="470" height="313"></p> <p>Search ads are simple: they insert advertiser pins into the search results page and are marked as being promoted. Pinterest dynamically determines the number of ads that appear on a search results page.</p> <h3>Search ads are auction-based</h3> <p>Pinterest sells search ads the way Google sells its search ads: through an auction-based system in which advertisers specify how much they're willing to pay for each click on their ads.</p> <h3>There are two campaign types</h3> <p>Pinterest's search ads come in two campaign types: keyword campaigns and shopping campaigns.</p> <p><strong>Keyword campaigns</strong> allow advertisers to target their ads using keywords, which can optionally be grouped. Because the keywords that users search with on Pinterest might be different from other search engines given the visual nature of the service, Pinterest will suggest keywords that might be appropriate for a particular image.</p> <p><strong>Shopping campaigns</strong> give advertisers the ability to auto-generate ads from product feeds they supply to Pinterest via FTP. In the future, advertisers will also be able to use feeds through integrations with feed management providers. Shopping campaigns, because they are feed-based, give advertisers an easy way to quickly create campaigns at scale.</p> <p>To help advertisers manage shopping campaigns, Pinterest allows advertisers to dynamically update these campaigns as inventory changes.</p> <h3>The size of the opportunity could be large</h3> <p>Pinterest says that every month it handles around 2bn search queries. While that pales in comparison to Google, which handles over 3.5bn searches per day, it's still not an insignificant number.</p> <p>What's more, Pinterest isn't Google. It's a visual search tool, so the value of a search to brands, particularly those in industries like retail and fashion, differs from the value of a Google search.</p> <p>While it remains to be seen just how productive search ads will be for advertisers, a volume of searches in the billions should give advertisers more than enough to work with.</p> <h3>Most searches are unbranded</h3> <p>The news gets better for brands active on Pinterest: according to Pinterest, 97% of its searches don't include a brand name, giving advertisers the opportunity to reach consumers who might be interested in a particular type of product but who haven't already decided on a specific brand or product.</p> <p>Pinterest's global head of partnerships, Jon Kaplan, <a href="https://www.wsj.com/articles/pinterest-rolls-out-search-ads-1485950403">told</a> the Wall Street Journal that this has produced "new demand" for advertisers who participated in early testing of search ads.</p> <h3>Pinterest is targeting the upper funnel</h3> <p>Pinterest sees its search ads a powerful tool for marketers looking to reach consumers in the upper funnel. According to Kaplan...</p> <blockquote> <p>When people come to Pinterest, they’re starting earlier in their decision-making process. We saw this with the holidays — people were pinning holiday ideas as early as August. For brands, the implications to our business, that’s an amazing opportunity to reach someone at the earliest stages of decision-making.</p> </blockquote> <p>So while it's possible that clicks on Pinterest's search ads will convert quickly, Pinterest is positioning search ads as a driver of awareness, not conversions.</p> <h3>Search ads are now available to Kenshoo clients<br> </h3> <p>Initially, search ads are available to advertisers who are using the marketing software suite offered by Kenshoo, which is used by many search advertisers. Thanks to its integration with Kenshoo, Pinterest is now listed as an option alongside other search providers Kenshoo clients can run campaigns with, including, of course, Google.</p> <p>Pinterest will reportedly add partnerships with other companies that operate ad buying platforms in the near future.</p> tag:econsultancy.com,2008:BlogPost/68753 2017-01-30T14:31:08+00:00 2017-01-30T14:31:08+00:00 What brands need to know about Facebook's long-form video push Patricio Robles <h3>It's changing the way video completion rates are factored into News Feed ranking</h3> <p>In a blog post, Facebook product manager Abhishek Bapna and research scientist Seyoung Park <a href="https://newsroom.fb.com/news/2017/01/news-feed-fyi-updating-how-we-account-for-video-completion-rates/">explained</a> that Facebook is changing the way it factors the <em>percent completion</em> metric for video into how it ranks content for placement in user News Feeds:</p> <blockquote> <p>If you watch most or all of a video, that tells us that you found the video to be compelling — and we know that completing a longer video is a bigger commitment than completing a shorter one. As we continue to understand how our community consumes video, we’ve realized that we should therefore weight percent completion more heavily the longer a video is, to avoid penalizing longer videos.</p> </blockquote> <h3>Distribution changes are expected to be small</h3> <p>Despite the tweak, Bapna and Park say that Facebook's distribution changes are not expected to be significant.</p> <p>"Longer videos that people spend time watching may see a slight increase in distribution on Facebook — so people who find longer videos engaging may be able to discover more of them in News Feed. As a side effect, some shorter videos may see a slight dip in News Feed distribution," they stated.</p> <h3>This is (probably) mostly about advertising</h3> <p>Facebook obviously has an interest in ensuring that the content it delivers to users is relevant and engaging, but the decision to more heavily weight video completion percentage for longer videos, however slight, is probably designed to help Facebook's video ad business.</p> <p>Facebook CEO Mark Zuckerberg is not a fan of pre-roll ads, and thus his social network has to date refused to employ them. Facebook is, however, <a href="http://www.recode.net/2017/1/9/14211466/facebook-video-advertising-midroll">testing mid-roll ads</a>, that display after users have watched a video for at least 20 seconds.</p> <p>For mid-roll ads to be successful, Facebook will realistically need to ensure that it has enough inventory of videos that are not super short. That's where the new update and its theoretical incentive to publish longer videos comes in.</p> <h3>Facebook is reportedly going to pay for content</h3> <p>Facebook <a href="http://www.recode.net/2016/12/14/13955348/facebook-original-video">is said to be in talks</a> with television studios and other content creators about the licensing and production of original content, which would seem to be related to a desire to increase the volume of longer-form video content available to its users.</p> <h3>Brands should think twice before they jump on the long-form video bandwagon</h3> <p>While Facebook suggests that changes in distribution won't be significant as a result of its update, in the ultra-competitve Facebook ecosystem, any update that could give brands a slight edge in capturing eyeballs might entice marketers into changing their behavior.</p> <p>But given the cost of producing longer-form video, and the risk that users won't stay engaged with this content no matter how much Facebook hopes they will, brands active on Facebook should be cautious about pursuing the creation of longer-form video in the hopes that it will help them eek out gains on the social network.</p> <p>Even brands that Facebook lures with payments have reason to be cautious. After all, to drive adoption of its livestream feature, <a href="https://econsultancy.com/blog/67808-10-pioneering-examples-of-brands-using-facebook-live">Facebook Live</a>, Facebook struck deals with publishers and celebrities to create live video content. The company reportedly allocated $50m to these deals, with some individual deals being worth seven figures.</p> <p>But a year later, reports indicate that Facebook will not renew these deals, and even if it wanted to, some of the publishers have no interest in renewing because the deals did not prove worthwhile financially.</p> <p>That is a reminder that what Facebook wants today, it might not want tomorrow, especially once it gets what it needs. There's no reason to believe that won't be true for long-form video content too.</p>