Reaching Decision Makers: Making the Decision Easier

toolbox-webContributed by Nick Gaudio, Director, Account Strategy at Goodway Group B2B marketers’ roles are changing. They must understand their buyers by leveraging the unique advantages of programmatic media: economies of scale, layering of insights and data, and cost-effectiveness. More than half of US B2B marketers already buy advertising programmatically and 40% plan to dedicate between ¼ to ½ of their media budget to programmatic in 2016. Though the shift toward programmatic ad integration will take time, a few strategies can help marketers reach decision makers more effectively today.

B2B Digital Marketing Toolbox

Mobile

  • Time spent on mobile devices will surpass all other screens by 2017
  • US employees spend 10 hours per week on their mobile phones doing work outside regular office hours
  • B2B professionals use mobile devices more than 50% of the time to research purchase decisions
  • 64% of B2B marketers plan to increase mobile marketing budgets in 2016 and beyond

Tip: Make mobile a focus of your B2B campaigns

Event Marketing

  • 21% of B2B advertisers recognize event marketing as the largest expense in attracting customers

Tip: Include a digital strategy specifically dedicated to attracting event sign-ups Tip: Use hyperlocal targeting to capture all device IDs at conferences to establish a pool of users to retarget following events

Content Marketing

  • 80%+ use content marketing to generate demand
  • 37% of B2B decision makers consume at least 6 case studies, articles, or webinars before making a purchase

Tip: Employ editorial-style native advertising to optimize chance of influencing purchase decisions

Email Marketing and Lead Nurturing

  • 89% of B2B marketers use email marketing
  • 53% of marketing professionals note low click-through rates as a leading challenge

Tip: Utilize first party data match targeting tactics to reach users across the web as additional touch-points beyond email

Social

Tip: Use occupation-based targeting on Facebook and LinkedIn to reach decision makers Tip: Get your message in front of highly targeted business buyers by using LinkedIn Sponsored Updates As director of account strategy at Goodway Group, Nick uses math to help make clients heroes. Leveraging years of industry analytics experience from Digitas and Millward Brown Digital, he provides strategic advisement and knowledge development to ensure all client campaigns succeed. Nick believes that numbers tell stories and that good campaign strategy is a delicate blend of craft and science. When not talking programmatic, he can usually be found in his kitchen laboratory.

Is Your Digital Media Budget Leaking?

iStock_000014596001_WebApproximately 10 percent of digital media budgets are leaking. But it’s hard to plug the holes if you simply don’t know where to look or what to do, if you can’t find the trouble spots. In this Entrepreneur article, 3 Leaks in Your Digital Marketing Budget You’ll Want to Plug Today, Goodway Group COO Jay Friedman identifies and explains the 3 most common leaks—uncontrolled frequency, untargeted purchase behaviors, and suspicious traffic—and then suggests some simple fixes you can make promptly to reap the savings.  

What Makes a Good Leader?

iStock_000081196287_WebHow should leaders lead? How can they build trust and continue to develop themselves and others? What values, personal traits, or characteristics should they possess? Check out Goodway Group COO Jay Friedman’s interview with the Huffington Post where he shares a little about Goodway’s inner workings and his own leadership insights in Ramon Nuez’s article, The Leadership Game Plan: Jay Friedman, COO Goodway Group, Discusses the Four Pillars of Trust.

Closing the Gap in Digital Media Efficacy

Stock-64948023-web-croppedThe gulf between sophisticated marketers and the rest of the pack is huge when it comes to digital media efficacy. Goodway Group‘s COO Jay Friedman explains what marketers immediately can do—prevent ineffective measurement, pay for brilliance, measure the right thing the right way, and get back to basics—to help close the gap in the AdExchanger article, Some Marketers Will Fail At Bridging Online Media And Offline Sales, But They Don’t Have To.

Snapchat: An Overview and Ad Opportunities

Contributed by Ashton Gary, Director, Account Strategy at Goodway Group

iStock_000080218785_WebSNAPCHAT

With Snapchat monopolizing the share of time Millennials and GenZ spend in social media, marketers are scrambling to learn more about how to advertise on Snapchat. In short, Snapchat’s advertising offering is still in its infancy, and advertising opportunities change frequently. Snapchat has recently launched a self-serve platform allowing users and/or brands to pay to create their own geofilters. For $5, users can log in and submit a filter they have created for use in their own Snaps with their friends. Brands can also create and submit a branded filter for consumers to use. The cost will vary based on the geos the brand selects, and how long they want the filter to be available.

History

In July 2011, Evan Spiegel launched Picaboo, a photo-sharing app that enables users to share pictures that would disappear after 10 seconds or less with their friends. By that fall, Picaboo was renamed Snapchat, and within a year of the company’s launch, it had already grown to over 100K users and was on a rapid growth trajectory. New features were added in the years  that followed: videos, texting, video chat, shareable geofilters, Snapcash, and a Discover section for publishers, such as CNN, Discovery, and ESPN, to share content. As of Q1 2016, Snapchat has over 100MM daily active users, viewing 7 billion videos every day.

Ad Opportunities

Chain Geofilter

  • Geotargeted branded overlays can be added to users’ photos when they share a snap in a city/region we specify
  • 58% of users have used a branded filter*

3V (Vertical Video Views)

  • 10-second skippable videos with user-initiated audio
  • Videos can run when users swipe through the Discover or Live sections
  • According to Snapchat, users are 9X more likely to watch a full video in the vertical format

3V Live National Takeover

  • Highest impact placement available
  • Single-day buy with 3 slots available in the Live section
  • 77% of users watch Live Stories videos

By the Numbers

  • 200MM monthly unique users
  • 54% log in daily*
  • 60% US 13-34-year-olds**
  • 60 average user videos viewed/day**

FAQs

What brands are ideal to run on Snapchat? Brands targeting millennials and GenZ What types of messaging should I run? Awareness messages are ideal as the platform is designed to keep users inside the app. App download campaigns are now available but keep users inside the Snapchat app What types of reports can I get? Limited data is available right now: impressions, shares, and app downloads. Third-party Millward Brown studies can help measure ad effectiveness Can we run this at Goodway? Not really, no, this document is intended for educational purposes and will be deleted in 10 seconds

Sources: *NewsCred quantitative research study; **Snapchat internal data

  Ashton spent nearly 10 years working in digital media planning and strategy for dozens of brands. Now as a director of account strategy at Goodway, he helps agency clients at all levels—from multinational to hyperlocal—leverage the right campaign touch points based on their needs. In his downtime, you will probably find him at home with his wife working on their 1920s Craftsman home that needs constant attention.