Live, from Sunnyvale, California: it’s LinkedIn Live!
LinkedIn is rolling out a new feature that makes it possible for businesses and people to create live content. With LinkedIn Live, members of LinkedIn’s 562-million-strong community will be able to livestream content just like they can with Facebook Live. Yes, that’s right: now you can do all the things you do on Facebook to create engagement through live video, such as offering behind-the-scenes glimpses of conferences or trade shows, coverage of news stories in your industry, announcements of your own, launches of new products, thought leadership, and instructional content, depending on the nature of your business.
LinkedIn Users Want Video
And your company’s rock stars will be able to do the same. When the feature becomes available (it’s in beta only right now), live video will humanize your brand by making your thought leaders, brand ambassadors, and company executives more accessible and authentic through the power of live video.
In addition, LinkedIn will work with partners such as Wirecast, Switcher Studio, Wowza Media Systems, Socialive, and Brandlive to make video content more polished than what you’re accustomed to seeing on Facebook Live. Microsoft, LinkedIn’s owner, is supporting LinkedIn Live with the Microsoft cloud-computing business, Azure Media Services.
LinkedIn told TechCrunch that live video is the most requested feature among its members, and the use of recorded video has been booming. Pete Davies, the director of product management at LinkedIn, told TechCrunch, “Video is the fastest growing format on our platform right now, and the one most likely to get people talking.”
Late to the Game?
Some have asked whether LinkedIn is late to the game. I think that’s the wrong question. The real issue is how brands will capitalize on LinkedIn Live to create video content that complements what they’re already sharing on platforms such as Facebook and Instagram. LinkedIn is going to offer options to broadcast across LinkedIn as well as to more targeted groups within LinkedIn, which is important because businesses and people will be able to use live video more strategically. Imagine, for example, using live video as part of drip campaign with prospects, or for colleges to recruit talent.
Questions You Should Ask
It may take some time for LinkedIn Live to achieve a bigger rollout. I suggest that businesses prepare now. Start asking:
How might I incorporate LinkedIn Live into my existing marketing and recruitment campaigns?
Which of my employees on LinkedIn possesses the magic combination of large followers and video savvy to capitalize on LinkedIn Live?
Are my corporate social media guidelines properly reflecting the use of live video? They should be if you’re using other platforms such as Facebook, but now is a good time to do a gut check.
What upcoming events and news lend themselves to LinkedIn Live? What does your upcoming calendar look like?
More details, including technical information on how to create live content on LinkedIn, will be forthcoming. For now, get ready. And contact True Interactive to build a stronger digital brand. We’re here to help.
A 9-percent year-over-year increase in monthly active users, with 2.32 billion as of December 31, 2018.
Fourth-quarter revenues of $16.9 billion, up 30 percent year-over-year. That number beat Wall Street’s expectations of $16.4 billion.
Facebook is not only weathering months of data-privacy scandals, it is actually getting stronger. At True Interactive, we’ve shared our concerns about Facebook’s scandals and their possible impact on advertisers. We still think it’s important that advertisers watch Facebook closely. The threat of government regulation looms large. The number of fake and duplicate accounts are on the rise, by Facebook’s own admission (116 million fake accounts and 255 million duplicate accounts exist on the site). But advertisers should also be aware of some other numbers:
93 percent of Facebook’s advertising revenue comes from mobile.
500 million people use Instagram Stories daily.
2 million advertisers are now focusing on Stories.
Stories play a big part in Facebook’s growth plans for 2019, which Mark Zuckerberg published in a Facebook post. I have excerpted some highlights and used boldface to emphasize some points that jump out at me:
Messaging is the area that’s growing the most quickly, and this year people are going to feel these apps becoming the center of their social experience in more ways. We’ll roll out payments on WhatsApp in some more countries. Private sharing in groups and stories will become more central to the experience. We’re going to onboard millions of more businesses that people can interact with.
On Facebook, I also expect this to be the year where Watch becomes more mainstream. There are now 400 million people who use it every month, and people spend on average over 20 minutes on Watch daily. This means we’re finding ways for video to grow outside of News Feed so it doesn’t displace the social interactions that people primarily come to our services for.
In Instagram, one of the areas I’m most excited about this year is commerce and shopping. There’s a lot of natural activity happening here, and this year I expect us to deliver some qualitatively new experiences around that.
Longer term, I remain very focused on building technology that brings people together in new ways, including through AR and VR. I’m looking forward to Oculus Quest shipping this spring — the feedback there so far has been very positive.
The numbers tell me this:
Advertisers need to understand how to capitalize on messaging. In September I wrote an Adweek column about Facebook monetizing WhatsApp. Clearly, Facebook is going full steam ahead here.
If you aren’t using Stories, you’re behind. Stories are now table stakes for brand building on Facebook’s platform, which includes Instagram Stories.
Figure out how Facebook Watch plays into your strategy. So far adoption numbers are underwhelming. But these are early days. The success of Facebook Live shows that Facebook knows how to make video a branding platform.
Integrate your Instagram with commerce. Brands are getting better at giving users compelling reasons to stop scrolling and buy. Expect new features to make social shopping more of an experience.
Augmented reality and virtual reality are branding plays for forward-thinking businesses, but AR and VR still have a long way to go.
Facebook is not as weak as its doubters said it was. Neither is Facebook as powerful as some would have you think. The company has issues. It’s not the cool place for Gen Z to hang out. A potential recession coming up could take a bite out of its advertising revenues. And as I mentioned, regulation is a constant threat. But Facebook remains a strong platform for advertisers with exciting features worth embracing. For more insight into how to succeed with digital media, including Facebook, contact True Interactive. We’re here to help.
Super Bowl LIII achieved its lowest ratings since 2008. The game attracted 98.2 million viewers, down from 103 million viewers in 2018 and 111 million in 2017. And the NFL cannot blame a decline in general viewership from the regular season: ratings were up for the 2018-19 NFL season overall. On a positive note, digital viewership of the Super Bowl increased to a record of 2.6 million.
So what happened? Analysts blamed the appearance of two teams that failed to stir strong interest and a defensive struggle that bored viewers (the game was tied 3-3 going into the fourth quarter).
The decline in ratings has caused some to wonder whether it’s worth it for advertisers to spend $5 million on a 30-second Super Bowl ad. Well, I think that’s the wrong question. The real question is how can businesses maximize the lifespan of a Super Bowl ad beyond the big game itself?
If you’ve followed the Super Bowl year after year, you’re probably aware that businesses preview their Super Bowl ads by dropping teaser videos online weeks before the game, thus creating buzz, just like movie trailers do before a movie release. For example, in January Pringles distributed three teaser videos extolling the virtues of stacking different Pringles flavors while watching TV. These videos were accompanied by a PR blitz that resulted in coverage in publications such as Adweek.
And then after the game, companies enjoy a lift from the post-game analysis of Super Bowl ads. Even ads that get panned by critics create attention for their brands. It’s not like viewers are going to read a post-game ad critique in Advertising Age and boycott a 30-seond spot because it got panned. The criticism might pique their interest. Beyond the post-game analysis come opportunities for brands to distribute ads across multiple venues and optimize them for search. And Burger King is using already its socials to maintain public interest in its well-received spot featuring Andy Warhol eating a Whopper.
In a blog post I published February 1, I share how advertisers use digital media to extend the life of Super Bowl spots after the big game. I discuss the importance of brands exercising creative parity, or ensuring consistent messaging across digital and offline channels. As noted above, viewership of the Super Bowl online increased. Does your digital content match what people see on linear TV? Check out my post for more insight. And contact True Interactive to ensure that your digital ads maximize their value.
The conversation about the voice interface no longer focuses on whether we’re entering a voice-first world. The questions have quickly shifted to who will lead it and how soon using our voices to search for things and manage our lives will be as second nature as texting.
My teammate Taylor Murphy recently discussed an answer to the first question: no single firm “owns” the voice-first world, but both Amazon and Google have a strong lead. The answer to the question about how quickly voice will saturate our lives comes down to how soon people will be comfortable using voice to do tasks that require extremely high levels of trust in the device you’re using, such as buying a product or handling an emergency. Most people use voice to do mundane things like check the weather. Few actually ask Alexa or Google Assistant to order a pizza or conduct other transactions. That’s because we’re not quite ready to trust a device to interpret our speech with enough accuracy.
The major players in voice are trying to address that issue. In Amazon’s January 31 earnings announcement, CEO Jeff Bezos said, “The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team’s hard work are clear. In 2018, we improved Alexa’s ability to understand requests and answer questions by more than 20% through advances in machine learning, we added billions of facts making Alexa more knowledgeable than ever, developers doubled the number of Alexa skills to over 80,000, and customers spoke to Alexa tens of billions more times in 2018 compared to 2017.”
Normally CEOs comment on high-level, visionary messages in earnings releases, such as top-line growth, major product launches, and corporate strategy. I find it interesting that Jeff Bezos decided to talk about Alexa’s accuracy, and the number of Alexa skills developed. What does this tell you? That Alexa is strategic to Amazon. Jeff Bezos already saw the voice-first world coming, and he decided to help shape it.
So what does all this mean to businesses that advertise online? It means that before you know it, we’re going to turn the corner with voice accuracy. Consumers will use their voices for e-commerce. So it’s important to prepare. For example, as noted previously by my colleague Taylor, advertisers should evaluate their search queries and look for conversional text (“Who,” “What,” “Where,” “When,” “Why,” and “How” are great phrases to focus on). Also, pay attention to any long-tail queries that include a natural phrase such as “near me” or “can I get the number for . . . ”
The above advice applies not only to optimizing content on your websites but also preparing your paid media, such as paid search campaigns. Thinking like a customer might be the most effective way of ensuring your digital marketing efforts are visible to RankBrain – part of Google’s core algorithm that employs machine learning to draw the most relevant results from a search query. RankBrain collects multiple data points like keywords and the searcher’s location in an attempt to identify the intent of a search to then pair the query with the most relevant and valuable result.
Remember, voice isn’t just about using Echo or Google Home. It’s also about doing voice searches on devices where ads appear.
If you sell products on Amazon, the sense of urgency to adapt to voice is even greater. Amazon is clearly using its own retail platform to sell more Echo speakers, and more Echo speakers means more people using their voices to find and eventually buy things on Amazon.
For the past few years, I’ve discussed on this blog how Super Bowl advertising demonstrates the power of digital video to complement traditional TV advertising. I’ve asserted that you can obtain as much reach on video as you can through a standard TV ad – or, in some cases, smaller but more targeted reach. Now comes a sensible consideration: what you should do after you launch an ad. This post focuses on the importance of creative parity, or ensuring that your creative is consistent across all your touch points.
Remember This Ad?
What happens after you buy video or TV media is just as important as buying that space itself, sometimes more important. Advertisers capitalizing on a huge event – whether becoming a Super Bowl advertiser or Olympics partner, to cite another example — need to support their sponsorship with TV ads, video ads, display/remarketing banners, emails, social media pushes, and paid search support (to name a few). Take Super Bowl LIII for example: we know that a number of big-name brands will all have commercials airing when the Los Angeles Rams and New England Patriots square off. After Sunday night what will they do? You can’t just fork over the $5 million (or more) for a single 30-second TV spot and call it a day. Instead, you must continue supporting your product. Doritos did a great job of this after the 2018 Super Bowl. You may remember it:
Morgan Freeman and Peter Dinklage rapping with an ice and fire theme (also a nice allusion to a certain TV show that Dinklage stars in) caught everyone’s attention and was one of the highlights of last year. That wasn’t the end of this spot. During the weeks after it initially aired, this spot was broken out into two distinct ads, one for Doritos and second for Mountain Dew (both companies are owned by PepsiCo), and both continued to run. You could find it during the middle of a Simpsons episode, during an NBA game, and on YouTube (and the YouTube Network) as 15-second in-stream ads or six-second bumper ads. Pepsi dished out the additional marketing dollars to continue the support of both products.
The Importance of Creative Parity
Of course, advertisers have plenty of tools at their disposal besides video — everything from straight display banner support to remarketing banners, from email to social media posts (organic and paid) and all the way down to branded paid search. You can push any and all those tactics after running an ad like Doritos and Mountain Dew did. Just make sure you practice creative parity, or consistent messaging and creative look/feel across all your advertising assets. Creative parity is harder to achieve as a brand distributes creative assets online and offline. But it’s essential to embrace creative parity or else all the hard work you put into a Super Bowl ad offline will be wasted when your audience sees a confusing and completely different message in the content you share on your website or social media.
Starting at the Top of the Funnel
The discussion of creative parity begins at the top of the sales funnel. In the example of the Super Bowl, the top of the funnel consists of the Super Bowl TV commercial. If we look at the next step down that funnel, we get to YouTube and video placement. It’s here that we want to continue the concept of parity by cutting our TV commercial into 30-second, 15-second, and six-second videos — and create additional demand via targeting (see my 2017 post about video ad targeting, reporting, and monetization). This approach keeps a product top of mind.
However, it’s here where we can start to tweak our messaging ever so slightly. We may cut the initial commercial to include a high-level deal or promotion that occurs, for example “Free Shipping on Orders $40+.” Now you may want to complement video with display banners. Similar to YouTube, we cast a wide net and try to reach a large audience, but, at the same time, still try to narrow it down from the whole of the internet to, say, 18-34-year-olds interested in food and dining or grocery stores. Again, we use our TV commercial as the basis for our display banners so that our imagery is in parity with our top-down strategy. But we might start to add a little more generic promotion or offer, like the Fridays banner from Reddit below:
Fridays calls out a generic 2/2/2 offer for $20 and includes different variations of food and drink so that it appeals to all users.
The next big step in the top-down funnel is retargeting. Retargeting is where we begin to see direct sales, leads, phone calls, and overall conversions happen. Cookies and data have gotten a bad rap recently, from myself included. The criticism is justifiable in several cases, but from an advertiser’s top-down perspective retargeting is a fantastic tool. If we follow our line of thought on parity, we can target those users who have watched the different cuts of our TV commercial and serve them specific banners.
In our case, we want to create a banner based on the TV commercial but begin to layer specific promotions within the banner itself. If we hit a user who has watched a video and a specific brand page on an advertiser’s site or a specific product page on an advertiser’s site, we are able to start layering in specific offers and promos based on those brands/products. Put another way, we need to start dragging those users who have watched our video ads or have visited our site from display banners further down the funnel. In our branding support (video and display) we haven’t really touched on promos or offers but rather attention to the brand — so once we get to our retargeting banners, we can begin to add any promo to our TV commercial-based banner. No matter what promo is used, however, we need to always keep in mind creative parity. Our banners need to match the style, direction, and language of the creative assets that came before it (video and display). But at the at the same time, we may tweak the content slightly to entice users to convert.
Many of these same tactics can be repurposed to social support. Whether it is Facebook, Instagram, Snapchat, or Twitter, these same concepts can and should be applied. The only difference is that you may place your single image banner, video creative, or carousel banner in messenger, stories, news feed, or right hand rail. The social strategy should be looked at in a similar way as display. The importance of parity remains paramount.
After video, display, and social, we begin to get to the bottom of the funnel. It’s here where promotions and call-to-actions really begin to be applied. In some cases the banners themselves disappear, as in branded paid search, but we are able to use similar language mixed in with specific promos based on the search term a user enters. Search A may not necessarily serve the same promo as Search B, but that’s the beauty of paid search. It’s also here that email can be used effectively. Every advertiser has an email list, but how they are broken out may be different (users who haven’t bought in three+ years, users who buy weekly, users who buy product X, etc.). We can take advantage of how an advertisers email list is broken out and target users with specific emails applying creative parity from the TV commercial. Jumping back to our Doritos/Mountain Dew commercial:
Our email should include Peter Dinklage and Morgan Freeman.
Our language should make sure to reference fire and ice so that the motif continues.
But instead of being a generic message we can start to include specific promos for email list A and another offer or promo for email list B.
Parity is the state or condition of being equal. It’s an important part of advertising that isn’t practiced as well as it should. Why? Because the ability to collect and analyze data quickly often compels businesses to change creative on the fly. If an ad creative isn’t working, it can be changed quickly. Those changes can achieve temporary results but hurt creative parity in the long run, leading to your brand becoming disconnected throughout the customer journey.
Look at the Big Picture
I typically end these blog posts with a quote from some bigwig businessperson. But this time, I’m taking a line from an intellectual (specifically an astrophysicist and cosmologist). Martin Rees said, “Most practising scientists focus on ‘bite-sized’ problems that are timely and tractable. The occupational risk is then to lose sight of the big picture.” Sometimes, marketers need to stop and look at the big picture to see if it matches.
Netflix also faces other formidable challenges, such as increased competition from streaming services (e.g., Amazon and Hulu), the entrance of new services such as Disney+, and the enormous cost of spending on original content. So perhaps it’s no surprise that Netflix has raised prices. But in recent months, Netflix has also been testing ads between episodes, and its customers have not been happy about this development. The company said that trailer tests were just a way to surface new programs to loyal viewers, claiming it will help members “discover stories they will enjoy faster.”
With pressure coming from multiple sides, how can Netflix increase revenue and expand its subscriber base without losing its customers?
Competition from Hulu
We’ve seen at least one streaming service employ advertising: Hulu. When Hulu first launched in 2007, all content was completely free and supported by advertisements. In 2010, the company launched its first subscription option while maintaining the original ad-supported tier. Then in late 2016, the brand migrated towards a subscription model. Today Hulu offers ad-supported and ad-free pricing tiers.
The ad-supported tier has served Hulu well by increasing brand awareness and expanding its subscriber base. Granted, Netflix does not need to boost brand recognition. However, Netflix (and Amazon, for that matter) could benefit from this strategy if it wants to enter into new markets, which should be a priority for Netflix given the financial turmoil the brand has been recently experiencing.
Providing an ad-supported service plan might sound like a step backwards to Netflix stockholders. If Hulu moved away from it, why would Netflix bother?
The creation of original content is perhaps the most dramatic change in the way streaming services operate. Whereas audiences used to turn to streaming services to watch, say Finding Nemo, people now use these services for original movies and shows, a reality that was underscored by Netflix’s Roma being nominated for 10 Academy Awards.
With Disney’s new movie streaming platform launching later this year, it is clear that movie streaming companies no longer want to simply be a content warehouse, storing thousands of movies and TV shows made by third parties. Netflix, Hulu and Amazon want to lure potential customers into becoming subscribers through their exclusive movies and shows. This means that streaming platforms have the bargaining power, as they all have some unique value nobody will find elsewhere.
The quality content matters. Unique content attracts more paying subscribers, which gives Netflix a bigger platform for potential advertising. With 139 million subscribers worldwide, Netflix could easily increase that number by introducing an ad-supported tier. Doing so would also help relieve some of the financial pressure caused by the expensive production costs of original content – around $12 billion in 2018 alone, and expected to grow by 25 percent to a whopping $15 billion mark in 2019.
It’s no secret that a large number of companies today are directing a good portion of their ad spend to Google and Facebook/Instagram (and, increasingly, Amazon). Other channels simply cannot match the performance, scale, and targeting capabilities of these tech giants. The growth of these platforms also reflects the strength of the digital advertising industry and suggests that there is room for more businesses to launch advertising based on their built-in audiences. As noted, Netflix has a growing audience with 139 million subscribers – and Netflix aspires to grow more especially outside the United States.
3 Targeting Capabilities
Knowledge is power. Think about all the behavioral data and Netflix has on its subscribers. Netflix can offer advertisers advanced interest targeting based on their activity on each platform. By using algorithms and machine learning, Netflix can predict which type of content a specific user may want to consume next. This data could also be used to serve users ads that are relevant, and for marketers, effective. In addition, with the help of pixels, Netflix would be able to collect data outside its environment just like Google and Facebook do, thus providing advertisers with more insights on the consumer behavior outside the streaming services and the customer journey.
It’s too soon yet to know if Netflix will launch an ad-supported tier. However, I wouldn’t be surprised if it does in the near future, as companies built on the “ad-free” premise are now acknowledging their advertising potential and evaluating the cost-benefit relationship of introducing ads to their platforms, just like Whatsapp. Is advertising revenue too tempting for Netflix?
Winning the hearts and minds of consumers during the holidays increasingly means having a digital strategy to attract and convert them. According to Adobe Analytics, consumers spent $126 billion online during the 2018 holiday season, an increase of 16.5 percent year over year. For the first time ever, smart phones drove half the traffic, amounting 31 percent of revenue (34 percent growth year over year).
The numbers do not surprise me. By early December, the holiday season was already well on its way to achieving strong results. The final numbers suggest a number of lessons for retailers:
1 Start Early to Win Online
Our own clients were working with us to start raising awareness online for their holiday sales long before the holiday shopping season began. Businesses that began building awareness for their holiday inventory via online advertising were best positioned to attract the surging traffic from shoppers going online looking for deals.
2 Respect the Power of Thanksgiving Weekend
Reports of Black Friday’s demise are exaggerated. Black Friday achieved a 23.6 percent increase in online traffic. But Black Friday is now part of a bigger five-day Thanksgiving weekend shopping extravaganza. The period between Thanksgiving Day and Cyber Monday generated 19.2 percent of all online holiday spend. In particular, Cyber Monday saw a surge of buying. A four-hour time block on Cyber Monday (7:00 pm to 11 p.m. PST) was the most active period of the year. These four hours recorded more than $2 billion in sales. Conversion rose sharply through the evening, as consumers rushed to take advantage of deals. Businesses that invested in a strong Thanksgiving Weekend digital media spend were in the driver’s seat to win, especially if they capitalized on Cyber Monday by spending on ads with strong calls to action during the waning moments of Cyber Monday.
3 Go Mobile
The increase in smartphone traffic clearly shows that businesses need strong mobile-centric advertising strategies, including investments across mobile display networks. But going mobile means more than having a mobile presence. Going mobile means:
Promoting your app effectively. Mobile apps are now driving more revenue than ever. Having a strategy to promote your app is more important than ever.
Formatting content for mobile viewing and including an easy conversion path on mobile.
At the same time, it’s important to ensure that your messaging on mobile is consistent with your messaging on other channels.
Start Succeeding Now
You don’t need to wait another year to apply these lessons. They hold true with other major events that attract a surge of shopping and advertising, such as Presidents Day and Memorial Day. True Interactive can help you prepare. Contact us.