Programmatic buying for display ad inventory hit an inflection point this year and is expected to account for 70% of total display expenditure in 2016. This major shift is being driven primarily by digital agencies like Bluetext who are leveraging rapid advances in advertising technology systems such as Demand Side Platforms (DSPs) that automate the buying process with real-time bidding (RTB) – the backbone of programmatic buying. Programmatic media buying allows agencies to manage and purchase inventory from multiple ad networks through the single interface of the DSP – allowing advertisers to buy a select set of algorithmically filtered impressions across a range of publisher sites simultaneously – all targeted at a specific user persona.
With RTB, a media buyer can create a set parameters such as bid price and network reach, and can combine those with demographics and attitudinal data and auto adjust dozens of performance based variables in real time to determine the right campaign settings to achieve the desired ROI.
So what are primary advantages that programmatic media buying provides to marketers?
- Speed
The automated buying process allows marketers to place ads through the DSP enabling quicker turnaround and increased speed to market, both of which become more critical as planning cycles get shorter, and more stringent performance goals call for dynamic testing and optimization of new strategies that can be obtained via RTB.
- Targeting
Programmatic buying in its purist sense isn’t media buying – its audience buying. DSPs allow marketers to target a specific segment of users, wherever they are – and with retargeting capabilities built in – wherever they’re going based on previous interest in a specific product or service.
- ROI
Increased ROI is achieved by the buying efficiency that programmatic platforms afford marketers – from both a time and cost perspective – as well as the ability to target and optimize in real time. The ability to gain traction in the market at an increasingly rapid rate with new technology also allows marketers to test various strategies simultaneously and shift budgets to the best performing channels
As advertising technology advances, approaches to programmatic buying are sure to become more sophisticated. With the addition of RTB to social networks – and even more traditional channels like print, tv and radio as some predict – new strategies will present themselves that weren’t previously possible. At Bluetext – 100% of our online display buying is programmatic – so I recommend taking a peek over your agency’s shoulder to make sure they are buying smarter and giving your brand the best opportunity to win in today’s highly charged competitive environment.
Back in 2006, I had a conversation with Washington Post Magazine columnist Gene Weingarten, one of my favorite humorists. If you’ve ever happened upon his column, you know that he’s not exactly an admirer of public relations professionals or publicists. So I made him an offer: let’s switch jobs for a day. I’ll write your column for one week while you handle all my PR clients. Gene thought about it for a bit, and then said yes…with a catch. He’d only do it if I would admit, on the record in his column, how pathetic and meaningless my existence as a PR professional was. Intriguing offer, but ultimately I passed. Then I went home, grabbed a bottle of Jack Daniels, shut the closet door, and cried.
Ok, so I’m kidding the last part. I don’t actually own a closet. I’m not sure why the exchange with Gene recently popped into my head, but perhaps it results from what seems to be a Groundhog Day cycle of working with traditional DC tech press, which goes something like this: Establish relationship with DC tech reporter, work with reporter on multiple client stories, watch reporter leave publication after relatively short period of time (typically right at the moment when I have 2-3 stories on precipice of publication), bang head into wall, dream about being a farmer, realize I wouldn’t survive six hours on a real farm with live animals, start process all over again with replacement, and hope springs eternal.
Washington Business Journal tech reporter Kasra Kangarloo is the most recent area tech reporter to leave the position, a beat he held for less than 8 months. Actually, I spoke to soon; Washington Post reporter Amrita Jayakumar (who covered tech as part of a broader beat) departed a few weeks after Kasra. Preceding these tech scribes were Bill Flook at WBJ and Steven Overly at the Post. All four were good writers and good individuals who invested time to get to know the tech community – which is all you can ask for.
Editorial churn is not unique to this market, and there is no need to run through the upheaval occurring with traditional publishing. But one has to assume that the revolving door partially derives from the fact that these writers did not feel the position was stimulating or rewarding (financially or professionally). Traditional publishers in this market have been de-prioritizing local tech coverage due to a range of factors. This begs the question of whether it matters – not just for individual tech companies seeking to generate awareness for their brand, products and services – but for the DC tech community as a whole.
While most of these reporters transitioned quietly to their next professional stop, Kangarloo hopped out with somewhat of a bang. It wasn’t an exit on par with George Costanza scraping up New York Yankees championship trophies as he spun his car around the parking lot, but it did capture the attention of the DC tech community. Kangarloo led off his exit post stating, “Fare thee well, D.C. tech. It’s been real.” In fact, Kangarloo didn’t think it had been real at all:
“Obviously, it’s in every startup’s interest to drum up positive press, and there is a genuine financial incentive for any one of them to, shall we say, bend the truth a bit. And since I’m leaving the beat for good, I’ll just go ahead and say what I really mean by that — the startup realm seems to rival even political coverage for the sheer amount of spin that’s employed each day. But why so many reporters give in so easily is a mystery. And that’s not to exclude myself, by the way. I’ve fallen into that trap plenty of times, and had I stayed longer I’m certain I would again.”
If a startup announces a major new customer and no one is around to write about it, did it happen? If the next set of tech reporters at WBJ and the Post cast an equally cynical eye towards the DC tech community, does that impact the ability for startups and others to get important stories out? I can understand, as a reporter, that it is far more fulfilling to dig into more controversial, investigative pieces than it is to regurgitate funding announcements or hearing a founder wax on about some grandiose vision to change the world…or supply chain efficiency as the case may be. And investigative stories should be told. But so should stories of startup and tech success.
The good news for DC is that the next generational of editorial players, including DC Inno, Tech Cocktail (yes, have been around for a while), Technical.ly DC, Tech Bisnow and even the DC Tech Facebook page, have stepped in to fill the gap. They’ve also served notice, for the most part, that they aren’t satisfied to just repost press releases.
For DC starts and other tech firms, all of this change means a couple of things – none of it revolutionary. First, proximity matters, and startups and tech innovators may have to leave their comfort zone, metaphorically and geographically speaking, to find the outlets that matter most to them. It may be TechCrunch, it may be The Wall Street Journal, but it could just as likely be Builder Magazine or Hotel Business. Because as many layoffs or job switches that might be occurring across the industry, you will find greater stability at influential outlets outside of the market (TechCrunch, Re/Code, The Next Web, QZ, etc.), where some writers have been there for years, not months. This stability is important, because reporters get to know a company and don’t need to be re-educated on a continuous basis.
Second, think about how traditional and emerging DC tech writers want to cover the space. Don’t just email a press release about what a new product does, connect them with a customer who can provide tangible ROI evidence your product makes a difference. If your funding announcement is not a big number – relatively speaking – connect the funding to a broader local or national trend that expands the story beyond your own. The press release isn’t a news generator; it’s simply an SEO information capsule representing one small part of your announcement strategy.
Since my last post was on “Mobile First” I thought it might make sense to opine on mobile marketing…specifically mobile apps where Bluetext has waded deep into the water this summer.
While we are all waiting for mobile browsing to overtake desktop – mobile apps screamed past PC websites in terms of Internet usage. As this trend is bound to continue in 2016, marketing strategies should evolve to keep up.
Approximately two-thirds of the world’s population are mobile phone users, with the total number of mobile subscriptions globally approaching 8 billion. The mobile market is continuing to explode with no signs that it is going to slow down anytime soon.
These broad advances in technology and interaction create the need for new tactics and strategies that will keep brands strong and customers loyal. Users spent almost 25% more time in apps last year than they did the year before, and 2016 is more than likely to see an equal, if not more precipitous increase.
As new mobile apps continue to flood the market, the way that users engage with them is going to continue to change. And as app makers respond to these changes, app marketers will need to analyze and predict trends to keep their brands one step ahead of the game.
Mainstream marketers put more value on organic versus acquired users, however from an engagement standpoint, paid search and ad networks are by far the two of the most effective channels by which users are brought to apps. And while both are of equal value once they’re using the app, our analytics show that users who find an app through an ad network are more likely to return to download and use the app than organic users. This would certainly suggest a sea change is coming in how brands will approach mobile marketing.
As this change is taking place, user retention will remain a top priority for app developers. Users already inside the app will come back to it again and again and, in turn, become more inclined to make an increasing number of in-app purchases.
In this scenario, app loyalty is the ultimate goal. In order to better engage users, apps will have to start using more sophisticated methods to foster loyalty and that’s where the advertisers come in. The rapid increase in in-app purchases will result in a race to produce more ads, both externally and within apps, to engage the growing user base once they are committed to the app.
As apps are becoming an increasingly more important aspect of daily life, developers are becoming smarter and more creative, encouraging users to embrace technology in every aspect of their lives and attracting advertisers like yourselves to reward them for it.
Clients are asking us all the time about SEO. The truth is, in the changing game of organic search, trying to keep up with Google and Bing and their sophisticated algorithms is nearly impossible. As new marketing avenues emerge, however, the concept of delivering relevant, thought leadership content will always be important to the search engines. In fact, it remains the case that the attributes of your content which the search engines find most important are whether it is relevant, authoritative, and different.
It is this term authoritative which I want to explore a little more, because driving authoritative content is no different than having an opinion and being knowledgeable about a subject, classic attributes of a traditional thought leader. You need to know your targets, know how to reach them, know what content they will care about, and know what may incite them to transact or interact with you. You need to start a conversation with them on your website and on social media channels, comment on relevant industry articles and blog posts, and generally be in the mix with advice, ideas, and opinions. The search engines are using social signals to validate the impact of users, determining if that user is trusted.
So what can you do, given potentially limited budget and limited time to focus on thought leadership and authoritative content? Here are 6 keys for developing authoritative content:
1. Be provocative. Start conversations with an opinion that enables others to challenge it.
2. Be active. Take the time to research your targets and produce a steady stream of content.
3. Be smart. You should be an authority on your topic.
4. Be timely. When something happens, be the first with insights, ideas, feedback.
5. Be yourself. Have a personality. Be known for something.
6. Walk before you run, but once you start running, run hard and stick with it….your targets will notice your commitment.
P.S – Don’t forget to optimize your meta data and keep current with a list of good keywords.
The DC tech startup community has a chip on its shoulder. That’s not a bad thing; it motivates entrepreneurs and area leaders committed to advancing the interests of the DC tech community to fight for respect. This respect can assume many forms, including funding, an available pool of highly educated, skilled workers, or just positive publicity and attention relative to Silicon Valley, New York, Boston and other tech hubs that seem to glisten more in the eyes of venture capitalists and industry pontificators.
As I networked and dined at MAVA’s annual holiday luncheon last week and reflected on the week that was in the local tech space, a scene from Jerry Maguire popped into my head. It was when Tom Cruise and Kelly Preston feed each other breakfast in the buff. Ok, that’s not the scene, but figured I’d throw it in there to make sure everyone is paying attention. It was Jerry Maguire racing home after the football game, bearing his soul to his wife, and exclaiming, “Tonight…our little company had a very big night. A very, very big night.” The flurry of venture capital raise announcements by local companies last week in fact represents a very, very big week for the DC tech community.
The three venture capital raises undermined a prevailing but increasingly antiquated notion that technology innovation emerging from the nation’s capital is government-skewed, exclusively b2b or, for lack of a better word, boring. Optoro, a startup that caught my eye approximately five years ago as a presenting company at a MAVA event, announced a $50 million funding raise on December 10th. The company stood out to me that day because the business model was simple (heck, even I could understand it which is no easy task) and it was clear to everyone in the room what the industry pain point was (retailers were not efficiently and cost-effectively able to sell excess and returned inventory), and that Optoro has developed a very clever way to address it (a cloud-based, multi-channel selling technology enabling retailers to optimally manage their reverse logistics).
The day before Optoro announced its massive funding raise, marketing software firm TrackMaven snagged a $14M Series B round from NEA, Bowery Capital, Silicon Valley Bank and others. TrackMaven is striking a chord with overwhelmed digital marketers seeking products to help better track and act on relevant data related to earned media, SEO, ads, content marketing and social media efforts.
The final venture capital raise last week is a company I’ve been privileged enough to call a client for the past several years – Canvas. The Reston-based company, which raised $9 million, has quickly emerged as the global leader in mobile apps for collecting and sharing business information. Canvas is truly disrupting how work gets done by enabling businesses to replace expensive and inefficient paper forms and processes with customizable mobile apps for smartphones and tablets, with no programming or IT required. There are also now more than 15,000 apps in the Canvas mobile business application store – apps that can easily be downloaded, customized and shared by Canvas’ growing community of partners and subscribers.
Not only do these funding raises reflect the diversity of startups and challenger brands that now call the DC area home, but also strengthens the region’s global position. Canvas’ Jason Ganz reaffirmed as much in his recent blog post that analyzed every startup funding round the last ten years. Among several compelling pieces of data, Ganz calculated that the DC region has 138 funding rounds listed so far in 2014 – making it the 7th highest region for startup funding globally. For the sake of comparison, there were 52 area funding rounds in 2009 and 157 funding rounds last year.
It was a very, very big week for the Greater Washington technology community, one that holds the promise for even greater activity and growth next year.
On its 10th anniversary of connecting communicators, Capitol Communicator determined that to continue to grow and be a vibrant part of the Washington, D.C., marketing and communications community, its next 10 years would be built on a new digital strategy and complementing user experience strategy. As a central hub for news, events and information for communicators in the mid-Atlantic, Capitol Communicator wanted a more modern platform.
Capitol Communicator selected Bluetext to partner with for this complete digital overhaul. Bluetext has delivered an enterprise-level WordPress implementation with comprehensive CMS publishing technologies that are integrated to allow Capitol Communicator to get best-in-class SEO, content management and smart, modern design.
Said Paul Duning, publisher of Capitol Communicator, “After a very exhaustive review, Bluetext had the energy, creativity, digital savviness, and firepower to be our new digital partner, and they really delivered. Our community has spoken, and they all love the new site which is helping us further validate that we are taking the brand in the right direction with a new digital platform as the centerpiece.”
Capitol Communicator is dedicated to bringing together the vast spectrum of communications professionals who influence and educate the Mid-Atlantic region and the world by providing news; trends; education; and opportunities for networking, career enhancement, business exchange and showcasing great work, Capitol Communicator serves as a resource to the region’s communications community. Capitol Communicator focuses on building a community that encompasses professions that include public relations, advertising, marketing, media, creative, video, photography, printing, digital and the multitude of other professions that support this region’s multi-billion-dollar communications industry. And, Capitol Communicator is a proud supporter of many organizations that share in their mission of providing professional development to the communications community.
I had the opportunity to get up close and personal with a collection of some of the the most incredible, technology driven warfighting machines at the 2014 AUSA event at the Washington Convention Center.
The Association of the United States Army (AUSA) annual meeting and exposition once again brought high-tech wares and weapons to the nation’s capital. And In what was a sure sign of the strength of the defense community and its determination to support the warfighter – the turnout for this year’s event was the strongest I have seen in years. And with the sudden and marked increase in global threats to our national security – the air was thick with patriotism.
The three-day event brought more than 500 industry and military exhibits and more than 30,000 attendees to AUSA. The expo also included workshops and talks by top Army and Defense Department officials on the state of the U.S. military.
Bluetext is proud to honor our defense community and the role we can play to help support its vision and mission of technology, innovation and continued dominance in global warfare.
The Content Marketing Institute defines content marketing as “…a marketing technique of creating and distributing relevant and valuable content to attract, acquire, and engage a clearly defined and understood target audience – with the objective of driving profitable customer action.”
This definition is of course part and parcel to a CMO’s core objectives, which is why marketing teams are devoting a greater share of budget and resources to content marketing. In a 2014 survey of Fortune 500 CMOs conducted by The CMO Club and Spredfast, 60 percent of respondents intend to increase their content marketing budgets. Their enthusiasm is not based on a “cross our fingers and hope it works” approach; almost two-thirds (66%) of CMOs are predicting a positive return on investment (ROI) from their content marketing campaigns.
As CMOs gain confidence directing more resources and budget towards content marketing, there is very likely a team within the organization growing less sure of its footing within the content ecosystem – public relations. There is irony here, as public relations professionals no doubt read the content marketing definition and grumble to themselves (or perhaps out loud), “sorry to burst your bubble here, but we’ve been doing this content marketing thing for quite some time.”
This is true, to an extent. The efforts may not always be branded in this fashion or as inclusive of as many channels, but PR professionals have long been tasked to create and distribute high-strategy content. And therein lies the danger; that CMOs may forge ahead with content marketing and pull in the PR team as an afterthought, or not at all. This approach threatens to create counter-productive silos by leaving capable, experienced PR teams without a role that can add the most value to the organization.
Because content marketing increasingly lives in an organizational gray area, CMOs with ownership of content marketing budget, staff, and direction should consider the following to fully maximize the value of PR staff, and ultimately the content marketing program itself:
Recognize budgets are growing, but not infinite
Content marketing budgets are expanding, but unless CMOs are seeing immediate, across-the-board ROI it will be difficult to get blank checks from CXOs. Earned media is a no-cost (beyond labor time) investment that can allow content marketing efforts to continue interrupted – even during periods when budget is not allocated to “paid media” channels.
While drawing a straight line between media relations and lead generation or website visits can be difficult to see, it is there. Earned media can drive down customer acquisition costs for a content marketing campaign, as long as the right measurement tools are in place to capture the results of these earned media efforts.
Earned media remains top purchase influencer
Not only can earned media be the most cost-effective content marketing channel for CMOs, it can also be the most effective. A 2014 Nielsen in-lab study commissioned by inPowered exposed consumers to three content sources: third party news and other credible sources (earned media), branded content (owned media), and user-generated content (reviews, etc.). Not surprisingly, earned media emerged as the most effective information source at all stages of the purchase lifecycle and across all product categories. And the difference was not subtle; against branded content, earned media was found to be 80 percent more effective at the bottom-of-the-funnel or purchase consideration stage, 80 percent more effective at the middle-of-the-funnel or affinity stage, and 38 percent more effective at the top-of-the-funnel or familiarity stage.
Bottom line: content marketing initiatives are ultimately judged by sales and revenue generation, and earned media continues to prove itself as a powerful purchasing influencer.
Be cognizant of PR paranoia
The current state of media likely has your PR team fairly freaked out at this point. Print publications continue to disintegrate faster than BlackBerry’s market share, and chasing the social media payoff pot of gold is a tedious exercise. If the CMO shuts PR out of content marketing strategy and execution, or brings the team in so late that it is relegated to a tactical role, significant PR brainpower is going to be left rotting on the sidelines. Identify areas where public relations – whether it is an internal team or external agency – can add the most value, and then provide them with the mandate and resources to execute in those areas.
All content writers are not created equal
Marketing teams excel at developing content designed to sell – whether it is through collateral that provides air cover for the sales team, website and landing page content that can convert leads, advertising copy, etc. Editorial content opportunities however, tilt increasingly towards sponsored content, advertorials, and even earned thought leadership content that requires a much softer sell. In fact, much of the time this type of copy cannot reference the company’s product/service or be in any way self-promotional.
PR teams understand how to walk the tightrope of creating and placing content that communicates core messages without reading like overt marketing copy, and CMOs should leverage this expertise.
Don’t let content volume kill content marketing
Ending up with too much of a good thing is problematic enough – the gourmet cupcake craze is Exhibit A of that fact. Too much of a bad thing is even worse, and therein lies the danger for content marketing operations that spew out page after page of useless content. PR teams are a proven source of valuable content, understanding that low-quality articles cannot be placed in reputable, high impact articles.
$135 billion will be spent on new digital marketing collateral (content) in 2014, and automation tools will spike this volume even further. In this scenario, quality content becomes the great unequalizer for CMOs to differentiate their products, services and brand.
The numbers don’t lie. Traditional advertising, including online banners, print and broadcast, is becoming less effective by the minute. Business consumers know how to tune it out and have all the tools to avoid it. In your buyer’s eye, paid media is practically invisible.
So what is the alternative? First and foremost, it’s delivering content that the buyer wants and needs in order to address their challenges and understand your solution. This is the essence of today’s content marketing. It provides a steady stream of engaging content rather than traditional ads that may be intrusive and not relevant. The primary reason for this is that buyers have shown they are more apt to respond to content that addresses their pain that they opted in for versus the intrusiveness of content that is pushed on them touting a product or service they didn’t request.
Marketing allows marketers to develop a closer bond with buyers by delivering contextually relevant information that makes them more intelligent. In turn, buyers reward them with their business and loyalty. So that begs the question…isn’t it better to “own” the content rather than “rent” the real estate for traditional paid media?
There are dozens of brand studies that show content marketing generates upwards of two-and-a-half times the return on investment for every $1,000 invested in “owned” versus “rented” media. This finding makes sense based on the widely accepted assumption that most B2B buyers have already gone through 70% of their buying journey – having identified their challenge as well as potential solution providers – by the time they are ready to buy.
According to Ad Age’s BtoB Marketing Outlook Survey, 75.1 percent of B2B marketers will invest more in their content campaigns in 2014 than last year. Smart marketers are going to funnel more of their budget toward content creation, forcing them to make hard decisions about where to pull that money from. Advertising is set up to be the fall guy.
Marketers need to pay close attention to these changing dynamics. Advertising will always have a place in marketing budgets, but for the growing number of us that live and die by ROI, having an effective content marketing publishing and distribution strategy will be a top priority in 2015. What’s in your budget?
Across the federal government, agency IT leaders demand integrated approaches to technology to tackle their most pressing mission challenges. Govplace, a leading enterprise IT solutions provider exclusively to the public sector, turned to Bluetext to develop FedInnovation (www.fedinnovation.com), a destination designed to help government agency executives get the latest information on current technology challenges and solutions for big data, cloud, security, mobility and storage. Developed in conjunction with leading technology providers including Dell, Intel Security and VMWare, it includes exclusive content, videos, blogs, and real-time social feeds.
FedInnovation represents the concept of combining relevant, fresh content, complementary offerings, and financial resources to deliver an educational platform to drive awareness and leads for Govplace across its target market.
From this platform, Govplace will drive blog posts, webinars, and other marketing programs to ensure its target audience understands the value that it, working with the leading IT providers to the Federal Government, can deliver.
The development of platform is a continued focus for Bluetext as we look to conceptualize, design and develop creative solutions that deliver measurable business impact for our clients. We are finding that the customers of our clients are demanding unique experiences with premium content delivered in an easy to consume manner. That is the goal behind FedInnovation. Explore FedInnovation today (www.fedinnovation.com).