I was fortunate to attend GABBCON (Global Audience Based Buying Conference & Consultancy) in Los Angeles in early November, with the day focused on “The Future of Television and Video.” In the company of other agencies, brands and sales reps from various sectors of the media world, it was an interesting day of debate, conversation and learning.
The long and short of things is that the world we live in continues to get more complicated for marketers − duh. With the proliferation and adoption of technology into our lives, we live in an on-demand world, and because technology allows us to live that way, advertisers are more and more able to reach the right consumer at the right time. People-based buying has been incredibly buzzy this year, and will only continue to be as brands continue to feel the ROI squeeze and demand more accountability for their spending.
In the morning sessions, it was a focus on television − linear, IP delivered, VOD, addressable, PTV, SVOD, FEP, CTV. Enough acronyms? TV buying has become increasingly complicated due to changing viewing habits. Traditional linear buying remains the mainstay, but advertisers are showing steady growth and interest in these more audience-driven buying methods. Overall, sentiment among the group was that traditional television still has its place, driving mass awareness, but augmenting with other buying techniques has shown an upside for various brands. The other universal truth − programmatic or any data-driven TV buying is not truly programmatic; there is nothing easy or automated as the name implies.
Columbia outerwear shared an interesting case study regarding its spring campaign in which the company had a reduced budget but raingear sales goals to meet. At a time of year when rain is prevalent nationwide, but a budget that cannot afford its national plus-18 market approach, Columbia employed a programmatic TV solution. It has defined PTV as a combination of addressable, high-index linear and DVR/VOD, and connected.
With strong distribution as Dick’s Sporting Goods, Columbia used credit card data to target those who had previously shopped at Dick’s, in addition to a weather trigger to most efficiently employ its budget. In the end, this was a more cost-efficient approach that increased (relevant) reach, drove lifted consideration, and increased rainwear searches and product page views.
One of the more thought-provoking parts of the conference was centered on the idea of attention. Sony Crackle posed the question: “Is attention the new currency?” Sony Crackle commissioned a study with Nielsen on the effectiveness of its Break Free product, where viewers have a lower ad load within their Crackle original series. The results revealed that buying the more premium offering drove greater attention; viewers were seven times more likely to recall the ad than in their traditional pod. Hulu has been operating with this mentality for a few years now with its product offerings of user-pick creative carousel, sponsored viewing (commercial-free after :60 spot) and interactive spots. While there is a premium for these deeper engaging units, Hulu has reported stronger results compared to its standard ad pods.
Over the last few years, I’ve become more critical of the value of an impression. When you look at a yearlong campaign and the total number of impressions purchased, how meaningful is that number? Honestly, not much. With banner blindness, ad avoidance and multitasking, just how valuable is an impression if a consumer isn’t noticing you? While I don’t think we’ll ever fully transact on the metric of attention, as an industry, it’s time to take a harder look at our methodology of measurement and what kinds of impressions we really want to make.