Fanatical, a PC game key retailer, spent an estimated $102 million on display advertising over the last twelve months across the markets Adbeat tracks. It did that with 254 creatives — but the top-spending one, a 320x100 banner, carries five words of copy: the brand name, “SAVE BIG,” and “SHOP NOW.” That single unit absorbed an estimated $15.9 million. ...
Not normally a big fan of weight lifting or equestrianism or modern pentathlon? You might change your mind, because the 2024 Summer Olympics (July 26 – August 11) are here. Given that the two previous editions of the summer Games both surpassed three billion viewers, it’s expected to be one of the most-watched televised events of the past decade. In fact, with the last three Games (two Winter Olympics and one summer Games) all taking place in Asia, viewing times for Paris 2024 will be a better fit for Western audiences — meaning TV figures could be even higher than recent events. ...
About one in 13 adults in the US now identifies as lesbian, gay, bisexual, transgender, queer, or some other sexual orientation besides heterosexual. Which makes Pride month a massive deal for pretty much every brand. And it’s even more essential for those with younger-skewing audiences, given that almost one in 10 millennials and more than one-fifth of Gen Z adults identify as LGBTQ+. Unsurprisingly, this means Pride has become a battleground for brands looking to target LGBTQ+ consumers — and display ads are one of the most hotly contested warzones. ...
Here’s a thought exercise. How many times have recommendations from other people driven your purchase decisions? And how many times have you bought something online without checking the reviews first? As for me, I have done that a sum total of zero times. That’s right. I never buy anything without reading the reviews first. And I’m not alone in this. 9 out of 10 customers read reviews before they buy something online. ...
Lazy. Entitled. Zero work ethic. Addicted to their phones. These are some of the most common phrases used to describe millennials. But what nobody tells you is that they are a generation that values work-life balance and is more socially aware, tech-savvy, and influential compared to the baby boomers. In fact their net of influence is so wide that they have reshaped the very landscape of digital advertising. Having surpassed the baby boomers, millennials are also currently the largest generation by size in America with massive purchasing power. So, if you aren’t marketing to them? You’re majorly missing out on ROI, because they’re currently the best group to focus your advertising effects on. ...
With nearly $200M in yearly purchasing power, millennials (born between 1981 and 1996) are changing the way brands advertise their products & services in today’s rapidly-evolving, competitive landscape.On a surface level, it’s convenient to simply generalize the millennial generation—they’re always on their phones, and spend an inordinate amount of time crafting an online persona, but they’re also the same people who are the most open-minded about social causes like climate change. So, why are marketers everywhere spending valuable marketing dollars to meticulously analyze their spending patterns and psychographics? The answer’s simple: For brands looking to scale, understanding exactly what millennials want can be an absolute game-changer. Let’s quickly go over a few reasons why you should care about marketing to millennials. Millennials make up 25% of the United States population: According to the population projections from the U.S. Census Bureau, millennials will be surpassing Baby Boomers (born between 1944 and 1964) as the largest group of living adult generations. While they successfully outnumbered Generation X almost 26 years ago, they’re only now becoming the most populous (80 million) generation across the country. While most millennials haven’t reached their peak purchasing power yet (due to student loans and starting a family), they are certainly heading that way, and brands realize the importance of getting in front of them early. There are also more millennials in the workforce than other generations, with an expected $1.4 trillion in disposable income by the year 2020. ….and they are smart. Millennials are the best-educated group of young adults in U.S. history: Today , approximately one-third of millennials have at least a four-year college degree, and 54 percent of them have already invested in a business of their own or are planning to do so in the immediate future.Given that 25 percent of the millennials are parents and 42 percent have student debts upwards of $30,000, most of them haven’t reached their peak purchasing power yet. However, they’re slowly catching up—for example, 87 percent of the working millennials currently hold senior management positions in their respective workplaces, and are expected to amass $1.4 trillion in disposable income by the end of this year. In fact, in order to combat their lower-income, millennials are becoming increasingly focused on building up their savings. Ultimately, brands targeting millennials have to go an extra mile to position themselves In front of a target demographic that thinks twice before parting with their hard-earned money. Millennials are also averse to the idea of a typical 9-to-5 job and are instead more interested in creating unique, innovative products that have the potential of changing the world. The average millennial mindset is fairly decentralized, which means, they prefer conducting their own research to form an educated opinion about brands (as opposed to “following the herd”) they want to invest in. ….and they’re more receptive to new technologies and online platforms. Millennials are 2.5x more likely than other generations to be early adopters of technology: Not only do all millennials actively use the internet today, but 56 percent of them are one of the first ones in their peer group to try out and adopt new technologies. On the other hand, Baby Boomers face some unprecedented barriers—like physical challenges operating multiple devices—and are skeptical about the internet’s impact on society as a whole. Since millennials almost always have one of their mobile devices on them and are guilty of checking their smartphones at least 43 times a day, they’re much easier to market to than Baby Boomers who are less tech-savvy. Additionally, 46 percent of them also use ad-blockers on their desktops and laptops, making it difficult for brands to reach them with “traditional” digital advertising. As a result, in 2018 alone, 68 percent of businesses have incorporated mobile marketing into their long-term marketing strategy. What’s also worth noting is that a whopping 90.4% of millennials actively use social media platforms like Facebook, Instagram, Twitter, and Snapchat. The vast majority of them make purchasing decisions based on brand advertisements, peer recommendations, user-generated content, and influencer endorsements that they come across on their social newsfeed. On the contrary, Oracle found that social media ads did not inspire action from both Gen X (born between 1965 and 1979) and Baby Boomers. In fact, more than 50 percent of Boomers have either never seen the appeal of social commerce or are unaware of what it means. ...
Online advertising has come a long way since its inception. Given that search accounts for only 21 percent of active users’ time on the internet, it comes as no surprise that businesses everywhere are using video advertising as an avenue to connect with their target audience. In fact, according to a Renderforest survey, marketers who use video content to promote their brand receive more web-traffic, generate more leads, and close more sales than their counterparts.However, creating an engaging, conversion-friendly video campaign is not everyone’s cup of tea. Previously, we discussed the importance of creating a video-inclusive advertising strategy for your brand. In today’s post, let’s go over a few ways in which you can make video work in your favor: Choose the right video ad format: In order to best deliver your video content to your target audience, it’s important to understand which format is the most suitable for your marketing campaign. Every video ad format engages with the users differently and depending on your business goals, and ROI expectations, you can choose from the following: ...
In today’s technology-first world, where information is readily accessible and attention spans continue to dwindle, brands everywhere are finding new, innovative ways to communicate with their customers. You don’t have to dig deep to figure out why video has emerged as the dominant force in the digital marketing universe. For example, including an explanatory video on your website’s landing pages can increase conversion rates by more than 80 percent, and just by mentioning the word “video” in your subject line improves email open rates by almost 19 percent. Lastly, 90 percent of customers agree that videos significantly impact their purchasing decisions.Simply put, video, when equipped with eye-catching visuals and a compelling narrative, provides the perfect medium for introducing your brand, displaying individual products and/or driving sales.As we close in on the next decade, approximately 86% of marketers are actively using video to promote, sell, and exhibit their products/services. The market is rife with advanced video tools and formats that continue to reinforce video as an increasingly powerful, engaging medium to communicate with your target demographic. ...
In today’s fast-paced, competitive landscape, brands everywhere are constantly re-inventing how they attract prospects and convert them into full-time customers. From media companies and publishers to eCommerce or consumer brands, there’s no denying the inevitable: Most consumers aren’t very responsive to traditional, disruptive banner ads anymore. As a result, the native ad spend has increased consistently in the last five years — simply because native ads seamlessly blend in with a website format, and are not disruptive to the user experience. ...
In the early 2000s, Adobe’s Flash became extremely popular with the advertisers everywhere, as it was the first time they were able to create animated, and interactive banner ads—for example, micro-games that allowed users to throw a ball, punch a monkey or shoot at ducks, as shown below. While they were successful in capturing the audience’s attention, eventually ads using Flash’s ActionScript programming language started experiencing numerous security breaches that resulted in frequently released patches and newer version of the plugin. Since Flash is third-party software, people had to constantly update or even reinstall the plugin to not only secure their devices and browsers, but to also view any kind of flash files across the internet. For marketers, this meant trouble because they could never be sure if their ads were actually reaching their target audience. Not to mention, Flash drained mobile devices of their battery and consumed most of the resources on desktops. In 2010, Steve Jobs famously called Flash “unnecessary” in the mobile era that’s all about “low power devices, touch interfaces, and open web standards”—and at the same time, encouraged companies like Adobe to focus on creating new HTML5 tools. Soon after, Flash was dropped from the Android platform and in late 2011, Adobe announced that they’re no longer updating Flash to be compatible with the upcoming mobile device configurations. In 2015, Amazon suspended Flash ads on all of their platforms and recommended people switch to HTML5 instead. Google followed suit by automatically pausing Flash ads and converting them to HTML5 wherever possible. Finally, many prominent news publishers including Conde Nast, New York Post, Slate, and AOL released a manifesto-style letter urging advertisers to put Flash to rest and use HTML5 to promote their brand. Fast-forward to July 2017 and Adobe finally announced that Flash will no longer be distributed at the end of 2020. What is HTML5? HTML5 is the first version of HTML (the language that’s used to create web pages) that lets developers write audio, video and other types of animations straight into the source code of any webpage. Apart from headers, footers, and sidebars, HTML5 also makes it much easier for developers to produce content that displays properly on different browsers, screen sizes, and resolutions—making it perfect for creating ads that will be shown on a wide array of devices and screens.For example, consider the following rich-media ads for Nike Airmax. Aren’t they much more attractive, and engaging than the Flash ad that we saw above? In short—unlike Flash, HTML5 ads work seamlessly across smartphones, tablets, and desktop. You don’t need any proprietary plugins or software programs to create multimedia ads anymore. As long as you have an up-to-date browser, you will most likely not face any compatibility issues, and excessive battery or resource consumption. HTML5 has proven to be a remarkable addition to the traditional banner ad game, considering that rich-media HTML5 ads boost the click-through rates (CTR) by 267 percent and offer brands a substantial uptick in performance. Since they are embedded within the page, they’re more subtle, elegant, non-intrusive and less interstitial-y—which means, for an average user they obviously are a more attractive choice to engage with as opposed to static display ads. Not to mention, consumers today are experiencing “banner ad fatigue” that stems from the inability to differentiate the static elements on an ad from the static elements in your webpage. HTML5 ads are expected to get higher views and clicks because they tend to stand out (with short videos and gifs) from the rest of the on-page content.Aside from the standard motion elements, HTML5 readily supports 3D and interactive ads that a user can play around with. They run seamlessly within the native applications and can be designed to be responsive in all kinds of webpage placements, browsers, and devices—thereby eliminating the demand to create individual ads separately for all of them. For example, consider the following ad campaign that was created for Nike’s latest collection of sneakers that featured: ...