Showing posts with label facebook. Show all posts
Showing posts with label facebook. Show all posts

Monday, 31 October 2016

How Facebook’s virtual reality shakedown could bring a new dimension to marketing

I never deared invest money on kickstarter, but the day I did it, it was in August 2012 and I bought the Oculus. That thing came out of nowhere and heat earth like a meteorite, an OVNI coming from the future. At that time, I was a pro gamer and the oculus helmet allowing virtual reality apperead to me as the last part of my armor to completely let myself enjoy gaming, and that was also the goal of the firm, provide a better immersive gameplay. That was it and didn’t asked for more.

But in 2014, Facebook bought Oculus VR…..”ok but what’s the point” did I tell myself. Now we are in 2016 and journalists are starting to make assessment about the full potential of VR and I was quiet surprised to see that people are waiting fare more from it than just a better gaming experience like me. In fact VR could be the next revolution in marketing.

Let us just imagine one second what could be for a French person to experience the live final of Superbowl on the other side of Atlantic Ocean surrounded by 90 thousand people just waiting to see the next million budget ad proposed by Doritos….You get it, not only customer will be thrilled to experience such amazing event (I love American ads) but BRANDS will hit the jackpot. Last year 111,9 millions of American have seen the final. Then what could be the audience if it was not only American people watching but the whole world? That could be a good way for Brands to monetize the cost to advertise in such event (130 000$ for 1 second) but that is at least the advantage of what VR could bring.

VR is about making an immersive experience, so as a Brand you do not expect a reaction to your video, to your tweet or print campaign anymore, now Brands without talking about the positive effect of using such technology, they can create an environment/campaign where every bit of it is controlled and has the potential to convey brand image to the people getting into it and right now where people enter the most on the web is….Facebook.
Getting into it, that is the obstacle to the miracle I am talking about. VR full potential is only achievable if it gets massive but right now the technology cost too much and the price won’t go down with the wireless headsets incoming.

My last job in an advertising agency made me face that reality, as we worked for brands searching for that ultimate customer experience. That was particularly relevant for Dorcel, the French porn video leader producer. How make people understand the advantage to pay 9,99 per month for VR porn instead of looking at free amateur videos on the web ? The agency launched a campaign giving acces to the catalogue for free at one condition I will let you discover (http://fr.adforum.com/creative-work/ad/player/34514309/handsoff/marc-dorcel), and the results were tremendous: 50x more time subscriptions. VR could make that score looking weak.

From the start with gaming to the end with porn industry I hope you get the limitless possibility of VR to only boost marketing but give it a real new dimension. 

David Migliacci & Paul Le Bris 

Source : http://www.thedrum.com/news/2016/10/09/how-facebook-s-virtual-reality-shakedown-could-bring-new-dimension-marketing
Article by Rebecca Stewart, media reporter

Thursday, 29 September 2016

Retargeting advertisement: a change in people's consumption

For years now, Internet has revealed to be an excellent distribution channel for companies to sell their products or services, the nowadays-famous “e-commerce”. More and more marketplaces, and commercial websites have been created and companies have found new ways to attract people to buy, in digital marketing words: to realize a conversion; this by collecting data on people online behavior. They use “cookies” to know how consumers process during their online shopping and their global browsing behavior on Internet: this is what we call the user path. With the services of companies like Criteo or even Facebook, advertisers and publishers exploit the retargeting advertisement to propose the right online advertisement to the right person, at the right moment, in order to increase the conversion rate.

The retargeting advertisement works with the user own agreement to have cookies collected during their online navigation. This marketing tool generates data, which highlights some typical behaviors from the Internet users:

  • ·       “70% of users who are retargeted with display ads are more likely to convert/buy on your website.
  • ·       Nearly 3/5 US online buyers said they notice ads for products they looked up on other websites.
  • ·       Retargeting can lead to a 147% higher conversion rate over time in certain industries
  • ·     In one comScore study, retargeted ads leds to a +1046% increase in branded search, a sign of heightened brand awareness and recall, and a +726% increase in the site visitation after four weeks of retargeted ad exposure
  • ·       With retargeting, there is a +26% of users who return and complete the checkout process.”



First of all, companies cannot target all online consumers; in fact, they have to proceed by what we call a “cookie pool” to get a first segmentation of the population they target. Thanks to this cookie pool companies can find consumers who are engaged and have developed well-defined preferences of what they like and how they navigate online. Companies need this segmentation to be able to adapt their advertisement message as precisely as possible; they aim to make potential customers buying the product, as fast as they would buy if they were in a physical store. (Scheme below)

 

The retargeting advertisement is mostly based on computer technology, but with the emergence of mobile marketing, mobile apps or tablets, companies use cross-device retargeting. This technique enables the company to propose tailored advertisement to a consumer through over every connected screen he or she uses. Companies also send email ads to consumers, which is a marketing tool very common for retargeting advertisement, but less subtle than on a banner on Facebook for example, and more intrusive. Another way of retargeting consumers, mastered by Google is the search retargeting, Google Adwords illustrate perfectly it; companies pay to appear on the top of the first search page on Google, and therefore, if two individuals type in the same words on the Google search engine, they will have different content proposed to them, based on the data gathered on their online behavior.

However, when doing retargeting, some good practices are needed. First, companies are advised to be quality orientated rather than favor the quantity of ads they display. Secondly, using cross-device retargeting is crucial not to lose the consumer if he changes of device. The example of Facebook NewsFeed and Right Hand Banners show that the consumer is now less attentive to the right banner than a newsfeed ad. Indeed the newsfeed ad appears when the potential consumer puts his attention reading his friends and fan pages’ news.


Retargeting has not yet reached its full potential. In fact, “46% of search engine marketing professionals believe retargeting is the most underused online marketing technology”. However, due to excessive quantity of online advertisement displayed to the consumer, more and more internet users equipped themselves with adblockers when browsing, which constitutes a major threat to online advertisement.

Sources:
http://www.webmarketing-com.com/2015/02/04/35227-tout-savoir-sur-le-retargeting
http://ebusiness.mit.edu/research/papers/2011.12_Lambrecht_Tucker_When%20Does%20Retargeting%20Work_311.pdf