Tuesday, March 21, 2017

Addressing 'Big Data' Issues in Agency Agreements

The era of "big data" has created both greater opportunities and greater complications for marketers in terms of access and use of data. In fact, Advertising Audit and Risk Management (AARM), a North American provider of independent advertising audit and consulting services, recently urged advertisers and marketers to review agency contracts to make sure they address evolving "big data" issues. Data can drive a precisely targeted marketing strategy by leveraging insights from transactional and customer behavioral data--assuming that the advertiser has the right to receive and use that data. Based on their experience, AARM cites at least six key, but often unanswered, data questions that should be covered in contracts: Who owns the data; where the data is stored; how long the data is stored; how secure the data is; whether the data is kept separate from that of other advertisers; and whether the data is being used to aid other advertisers. AARM points out that data ownership is not automatically ceded to an advertiser or marketer despite investment in a media buy generating a data stream. Many within the media chain may try to claim the generated data: Ad agencies, trading desks, publishers, demand-side platforms, and third-party ad servers all may seek unrestricted access, if not ownership, of valuable customer data. That's why marketers and advertisers need to be sure that legal agreements clearly and consistently spell out data ownership rights, privacy considerations, security and access rights for first-, second- and third-party data. For more, see the full post at http://www.acculistusa.com/what-data-questions-should-agency-agreements-address/

Thursday, March 9, 2017

2017 Magazines: Digital Embrace, Platform Tensions

The pursuit of circulation and ad revenue will push magazine publishers to embrace a number of digital publishing trends in 2017, per predictions in a Publishing Executive magazine article by Ron Matejko, president of digital publisher MVP Media. For one, watch for subscription drives to leverage digital outreach.While insert cards and direct mail remain sturdy tools for circulation marketing, Matejko foresees increased use of digital tools in audience development, and he cites the example of Dallas-based D Magazine, which is leveraging its combined database with outreach via automated and personalized e-mail campaigns and targeted social media advertising to audiences that look like their current print subscriber base. The result has been more new and renewed subscriptions for the print product, in fact almost a 100% increase in subscriptions generated monthly through digital efforts. Mobile apps are another area that will see increased interest, predicts Matejko. Consider the success story of Cities West Publishing in Arizona, which expanded its app offerings last year with interactive versions of two monthly print publications, as well as apps to supplement multimedia campaigns for two special issues. The benefits: branding, extended shelf life beyond the newsstand, and revenue via multi-platform value-added for print ad partners. Plus, Matejko cites other tech innovations that could transform digital publishing, particularly when teamed with mobile. For more on his digital publishing trend predictions, see http://www.acculistusa.com/2017-magazine-trends-digital-embrace-platform-tensions/

Thursday, March 2, 2017

Magazine Audiences Grow, Increase Mobile Viewing

The good news for publishers is that total audience—across print, Web, mobile and video—grew robustly in 2016, up 6.4% over the prior year, according to the 2016 Magazine Media 360° Brand Audience Report from the Association of Magazine Media (MPA). But there is a challenge for publications within the data: the continued shift to a mobile audience. Although print and digital editions continued to garner the largest audience for magazine media last year, the mobile platform had the most rapid growth rate, per the MPA's trend analysis. Nearly 80% of the brands reporting showed mobile growth, with 79% of those brands up by either double- or triple-digit percentages. More than a quarter of the brands in the report grew their mobile unique visitors by one million or more each. That mobile growth came at the expense of Web (desktop/laptop) users. In fact, the Web audience represented the only magazine media platform to decline as consumers spent more time on portable devices than computers. Meanwhile, though video remained the smallest audience platform in 2016, it also recorded strong growth, per MPA, up by double-digit percentage rates. For more, see our post at  http://www.acculistusa.com/growing-magazine-audiences-continue-shift-toward-mobile/

Thursday, February 23, 2017

How Paid, Earned & Owned Media Drive Success

When budgets are tight, it's tempting to focus on earned and owned media over paid media promotion. But marketers need to know the growth penalty of that strategy. Brands that use paid media typically grow three times faster than those that rely on owned and earned media alone, according to recent international research from the Institute of Practitioners in Advertising (IPA), as reported by The Drum. At the same time, paid media is more effective when coupled with earned and owned media. IPA research shows that owned media, which includes brand websites, blogs and social media sites, typically increases the effectiveness of a paid ad campaign by 13%. Meanwhile, earned media, which includes online mentions, shares, re-posts and reviews, increases the effectiveness of a paid campaign by a larger 26%. The IPA examination of media marketing further finds that emotion is a vital ingredient to success, and that television advertising continues to be the most powerful in delivering emotional engagement. Researchers report that adding television advertising increases a promotional campaign's effectiveness by 40%, for example. The growing use of video-on-demand and online video has turbocharged video impact: IPA's research shows a 54% increase in the average number of "very large" business effects from adding television and online video together. For more on balancing paid, earned and owned media, as well as brand-building vs. targeted sales promotion, see our post: http://www.acculistusa.com/creating-powerful-synergy-with-paid-owned-earned-media/

Thursday, February 16, 2017

2017 Trends Offer Good News for Fundraisers

While 2017 is starting as a year of uncertainty, especially in politics, a recent CauseVox post by staff writer Tina Jepson spotlights 10 fundraising trends that offer good news and opportunities for nonprofit marketers in 2017. Donation forecasts are upbeat for individual, corporate and recurring giving, Jepson shares. Philanthropy Outlook 2016 & 2017 predicts that an increase in individual and household income will help to boost fundraising efforts for nonprofits, charities, and NGOs by as much as 3.8% in 2017. Plus, with Gross Domestic Product and business savings on the rise, total corporate giving is predicted to rise by 4.7% in 2017. And monthly giving, which accounts for 17% of online revenue, also will continue increasing per the 2016 M+R Benchmarks report. At the same time, donor retention rates are at the highest rate since 2008 at 45.9%, and nonprofits and charities clearly should make retention a marketing priority to capitalize on this powerful fundraising engine, Jepson notes. Another positive for fundraisers is the growth in donor data as digital interactions—websites, e-mail, social media and now the Internet of Things (IoT)—combine with traditional channels such as direct mail to generate a wealth of information about existing and potential donors. So a key goal for 2017 is to gather, analyze and use actionable data effectively. Meanwhile, on social and mobile marketing fronts, nonprofits face challenges as well as opportunities. Social media platforms, including Facebook, now are promoting organic content prioritizing audience friends and family over nonprofit messages so that effective social media marketing will need to rely more on purchased ads and targeting of key demographics. And any nonprofit that hasn't invested in mobile optimization of websites and e-mails is missing a key donation source: Mobile giving makes up 17% of all online giving now and is projected to rise further in 2017. For suggestions on maximizing the fundraising impact of each trend, see our complete post at http://www.acculistusa.com/positive-2017-fundraising-trends-create-opportunities/

Thursday, February 2, 2017

Do You Have a 2017 Cross-Device Strategy?

With mobile now a key platform for digital display ad, social media and e-mail viewing, and even print integrating with mobile and online, marketers clearly need a 2017 cross-device strategy. As a 2016 Econsultancy survey noted, only 14% of marketers said their company was able to handle the customer matching across multiple devices, even though almost three-fourths of respondents felt cross-device customer tracking was a strategic priority. A recent Direct Marketing News article by Pierre DeBois offers some good tips for initiating a cross-device strategy. Start with analytics platform reporting now that Google Analytics, Piwik and Adobe Analytics all offer a user ID feature, a modification to the analytics tag, to allow cross-device visits to be an identifiable segment in the analytics reports. DeBois also suggests setting up report filters for digital traffic to take advantage of what is already known about the digital points at which customers engage, such identifying web traffic by the IP address of a store site to track customers who shop the site while in-store. A mobile site that makes it easy for customers to act immediately—whether they want to order, call or download—is a must. With strong mobile traffic, a marketer can even develop enough audience to support an app launch. Since accessing social media is a key activity for mobile users, and video viewing continues to soar, marketers will want to leverage social traffic stats and demographic parameters to tailor content to social media platforms, with an eye to mobile and visual/video impact. DeBois cites the Google Customer Journey tool as one way for marketers to adjust when media content should be deployed. Then design ads for cross-device viewing and response and take advantage of the paid search platforms' expanded mobile and IoT (Internet of Things) offerings, with device selection for re-marketing and paid search ads, call extensions and cross-device reporting. For the full post, go to http://www.acculistusa.com/do-you-have-a-2017-strategy-for-cross-device-marketing/

Tuesday, January 24, 2017

2017 Event Marketing: Social, Visual, Data-Focused

Event professionals can look forward to some exciting new marketing trends in 2017--especially in the social, digital and data arenas--as recently highlighted in both an EventManagerBlog survey and a post by MarketingTango, the marketing blog for brands like PIP and Sir Speedy. Data, with a social twist, remains key, with many event professionals reporting to EventMB that they saw an increase in the amount and quality of data available through social media in 2016--data that can be used to improve retargeting and create better multi-channel campaigns in 2017. MarketingTango points out that tighter targeting of the right VIPs and digital influencers will allow marketers to ride their social media coattails to higher Facebook, Twitter, or Instagram traffic and maximize social data ROI. Underlying social media's growth as an event tool is its ability to boost engagement and professional connectivity. Certainly, per EventMB's survey, using contests and giveaways for posting or tagging in social media is a big trend with exhibitors, who not only reap booth traffic but free marketing buzz as people tag and share. MarketingTango likewise notes the growing use of a "digital social wall" to engage attendees in real-time and harness the power of hashtags to own conversations. Social media also offers more ways to connect, and EventMB's surveyed event pros reported increased use of Snapchat and Snapchat geolocation filters to meet and connect as well as use of guest-generated pop-up events such as Twitter meetups. Event marketers further stressed that today's attendees want websites and landing pages that are easy-to-use, faster and more concise, preferring bullets and visuals over wordy pages. Image-based platforms are winning more followers, and many event pros forecast growing popularity for video in event invitations and advertisements, virtual reality experiences to sell venues, etc. For more, go to http://www.acculistusa.com/2017-event-marketing-social-visual-data-focused/