Welcome To AdTech Weekly
Happy weekend. It’s been a bit of a quiet week. Well, not for Pressboard, who managed to raise 2M in funding for its native ad marketplace. Congrats to Jerrid Grimm and his team there. Well done.
Anywho, here are a few things that caught my attention this week.
Is The Return To Emotion-based Marketing Upon Us?
The Drum published an interesting article about the return to the emotional side of marketing this year and the hybrid approach that now seems to be regaining favor with top brands. I’m a sucker for a good branding campaign. They’re memorable. They build awareness. They often make you think. They don’t, however, encourage you to take the next step in some marketing conversion funnel. They plant seeds. Ideas gestate. They have room to breathe. If I’m honest, it’s everything I love about advertising. A right-brained approach to advertising is something that resonates with me greatly. Some of the early Volkswagen Beatle ads are works of art (more here and here).
Here’s Why Branding Is So Important To Publishers
The last half-decade has seemingly been all about data-driven ad targeting. An approach that stands in direct contrast to the strategies employed by companies like Volkswagen back when they were rolling out the Beatle. Today, some would argue, rather articulately, that deep targeting-based advertising is the only type of advertising worth engaging in today. It’s cost-effective. It reaches the right audiences. It leads to predictable and measurable outcomes.
For publishers though, brand recognition has a significant role to play moving forward. They’re going to be pushing up against a decade of targeting rhetoric, but the sooner they can get there the better. The only thing that matters for a publisher today is the brand. Don’t believe me? Fine. Then explain why advertising on premium publishing sites like The New York Times is “three times as effective as it is on those of nonpremium publishers at boosting brand favorability and making users more likely to recommend products or services.” Differentiation is the key to surviving the next decade, and both brand affinity and customer trust play a massive role in building the type of ecosystem that results in a 3x multiplier in effectiveness for marketers.
As a marketer, it’s important to realize that where a brand appears matters. The location conveys a message and it’s not always controllable with deep-targeting practices.
According to comScore, where someone viewed an advertisement is three times more important than if they saw an advertisement on a nonpremium brand website. Does keeping costs down matter for marketers? Absolutely. But, it does matter more than where your advertisements are showing up? Probably not.
Get ready for the era of post-modern marketing.
We are now entering the post-modern period. Technology won’t be sidelined in the future; instead there will be an effort to reclaim the emotional side of marketing while keeping the best of preceding years.”
Ads on Premium Publishers’ Sites Are 3 Times More Effective at Boosting Brand Favorability
Advertising on the websites of premium publishers, such as The New York Times and Hearst properties, is three times as effective as it is on those of nonpremium publishers at boosting brand favorability and making users more likely to recommend products or services, according to a study by comScore.
Pressboard raises $2M for its native ad marketplace
The company’s CEO and co-founder Jerrid Grimm tells me that Pressboard currently has more than 300 publishers on its platform. These include the likes of Mashable, Vox Media, Business Insider, the Toronto Star and Thrillist.
AdTech News And Editorial
As Apple and Google take aim at ads, publishers tremble
Publishers haven’t helped themselves by slapping bad ads on sites and allowing ad-tech companies to collect data on their visitors in the first place, contributing to the problem the platforms are now stepping in to fix. After all, publishers would probably still be annoying the hell out of users with pop-under and pop-over ads had the tech giants not put a stop to it by bundling blockers into browsers.
Audience Science is shutting down
The company is known for building software and tools designed to help major marketers buy digital ads programmatically, using a combination of automation and data. Audience Science was dealt a major blow recently when it lost long time client Procter & Gamble.
Whitelisting Ads Vs. Scorched Earth: What's The Best Approach?
While most ad blockers allow users to configure their browsers to whitelist individual websites, many consumers are not aware of this capability or take the time to do so. This is where the importance of a default whitelist becomes critical.
Is there a problem with influencer marketing disclosures?
As far as disclosure goes, I think it’s actually gone too far. Don’t get offended, but it feels like the press is chasing and outing certain people about disclosure to the point that it feels like a witch hunt.
Brand Takeovers Are the Most Effective Way to Advertise on Social Media
Jack Dorsey’s company collaborated with creative tech unit IPG Media Lab and Magna, the media network’s intelligence and innovation division, on a media trial examining the success of paid video ads appearing in users’ feeds. “The Art of the Takeover: Optimizing What Consumers See First” found that First View, or promoted videos that run at the top of users’ time lines, are more effective than “standard view” ads that appear throughout the same feeds.
Publishing
Leaving Social Media Taught Me How Broken The News Cycle Is
More than anything else, my break from social media reinforced my belief in the importance of traditional journalism, where (ideally) facts are verified and follow-up questions are asked before a story is published. Without social media focusing me on the news of the instant, I consumed news in a slower, less frantic fashion. I read second-day stories and deep dives that put news in context, and I came away feeling better informed.