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TechnologyUncategorized

The Gift That Keeps On Giving: Digital Campaign Tips

October 6, 2014 — by MediaMath

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Preparing for the the upcoming holiday shopping season? By some accounts, it’s already started. Time reports that retailers like Kmart, Walmart, and Target have already started running their marketing campaigns. These retailers know that the key to running successful digital holiday shopping campaigns is planning, and planning early.

MediaMath has created a playbook that provides recommendations to help marketers prepare their digital marketing campaigns ahead of the big holiday rush. Take a look at it here.

DataEventsUncategorized

Tapping Into Data: A Must for Marketers

October 3, 2014 — by MediaMath

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Even though retail organizations sit on vast amounts of data, many aren’t tapping into it to inform their marketing decisions. A recent industry report by HRC Advisory found that only 9% of the retailers they surveyed were leveraging “the information in a structured, usable way.”

This should come as a surprise as ecommerce companies like Amazon and Alibaba are dominating the market with data-driven marketing strategies. While these two behemoths already have an upperhand by being ecommerce led it should be noted that they didn’t achieve their level of without the assistance from 3rd party tech solutions. In the case of Alibaba, the ecommerce company invested more than $11 billion in acquisitions and partnerships.

Regardless of the brand, or the vertical, when strategic partners join forces and work towards the same goal (that of the end client) success follows suit. Walmart, the consumer packaged goods company with 11,000 stores in 27 countries around the world, found that success through the activation of data as it relates to the company’s digital marketing efforts. To achieve this success the CPG brand employed retail monetization agency Triad Retail Media, which executes campaigns on behalf of its client with technology solutions like LiveRamp, a data onboarding company, and MediaMath, the creators of the TerminalOne Marketing Operating System™.

Triad Retail Media’s Brian Quinn, LiveRamp’s Justin Schuster, and MediaMath’s Ross McNab will sit on a panel to discuss how retailers like Walmart can meet and exceed business goals through the activatation of data.
The panel will address questions such as:

• How can I get a higher return on investment on the data I already have?
• How can I sell more using my data?
• How can I create more customer bases with multiple sets of data?
• How can I use my data to better target unique segments?

Findings from the panel as well as a recap will be posted to the blog. Learn more about our partners below:

Triad Retail Media creates, manages and operates online media programs for leading retail e-commerce websites, delivering innovative, custom digital ad campaign opportunities to national brands to reach, target and engage shoppers at exactly the right time and place — while they’re researching brands and making final purchase decisions. The agency’s practice sits on top of technologies such as LiveRamp’s data onboarding solution and MediaMath’s digital marketing platform TerminalOne.

LiveRamp connects data across more than 100 digital marketing applications.  By onboarding customer data into the measurement, targeting, and personalization applications developed by our partners, we help leading brands eliminate data silos and run more efficient marketing programs.

EventsUncategorized

The Ghost of Holidays Past

October 2, 2014 — by MediaMath

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The ‘most wonderful time of the year’ is coming, and soon!

There are 83 days until Christmas, 56 days until Thanksgiving and 57 days until Black Friday. And those deadlines are not just for consumers. Advertisers who want to have effective, engaging campaigns in place in time for the 2014 holiday season need to think weeks, if not months, ahead of those dates.

Don’t panic, though! We’re here to help.

Millennial Media and MediaMath will be hosting a webinar entitled “Automating Mobile Success for the 2014 Holiday Season.” The webinar will take place on Thursday October 9th, 2014 at 3PM EDT.

Based on research, real-world examples, and programmatic expertise, Millennial Media and MediaMath will help attendees better understand mobile consumption habits, identify key opportunities around mobile marketing for retailers, discuss holiday trends from years past to better prepare for the 2014 holiday season, and offer best practices for activating a programmatic mobile campaign for maximum effectiveness.

To register for the webinar click here. To learn more about MediaMath Retail, click here.

UncategorizedVideo

7 Truths of Video Advertising

October 1, 2014 — by MediaMath

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According to Business Insider, online video revenue revenue will reach $5 billion in 2016, up from $2.8 billion in 2013.  What are some of the video fundamentals that marketers must know to tap into this emerging channel, as spend continues to grow?

Lim Wan Tsau, business development director, media partnerships, APAC outlines seven truths in this Marketing Interactive article that will help marketers integrate video into their cross-channel strategies. They are:

  1. Online video attracts engaged audiences
  •  Brand and message recall are higher with video advertising compared to TV, and viewers are more likely to take action on the ads they view. Marketers can maximize the potential of increased attention levels by designing ads that require deeper engagement with the viewer instead of more obvious commercials aimed at a passive TV audience.

2. Viewers of online ads respond better to targeted ads

  • Marketers can access specific audiences and can target users based on their online behavior – for example, with the use of geotargeting or audience profiling, video ads can be personalized to the viewer’s location. Consumers are far more likely to engage with video ads if they find them relevant and useful, and are therefore more likely to take action on those they view.

3. Video ads are an effective prospecting tool

  • Recent advances in attribution modeling allow the impact of an ad to be measured at any stage in the purchase path, so there is very good reason to use video ads for prospecting as well as final conversions.

4. Online viewers crave new experiences

  • While slick, professionally produced commercials are the accepted fodder of TV audiences, online viewers are often looking for something different. Video ads that are reality based – using real people instead of actors and models, or ads compiled from user-generated content are both popular choices. Behind-the-scenes ads, or interactive adverts – where viewers can influence the story – are also worth considering.

5. Video is just one marketing touchpoint

  • When video is planned and executed in coordination with display, social, mobile, and other digital channels, the return will be greater than for a standalone effort.

6. Oversaturation can have a negative impact

  • Marketers should mix video formats and messages to keep campaigns fresh, and could even consider sequential ads that take a viewer progressively deeper into the brand story. Cross-channel frequency caps should be implemented to reduce the risk of oversaturation.

7. Video advertising is adaptable

  • Tools now exist to gauge the success of online video advertising against predetermined goals and advanced algorithms can drive automated decision-making – optimizing campaigns for different audience segments. Frequency, targeting, and even creative, can be altered in real time to ensure the best possible ROI.

To read Lim’s article in full click here.

 

 

DataUncategorized

How to Tap Into Data Across Markets

September 29, 2014 — by MediaMath

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Global? Local? What about glocal; the explosion of data presents marketers with the ability to tailor their messaging and connect with consumers around the world. MediaMath and DataXpand partnered to do just that by bringing more international data from Latin America and Europe to the TerminalOne Marketing Operating System™. Latin America, specifically, is a promising market. By 2020, Latin America’s GDP will top $10,700 billion, representing around 9% of the global GDP. Moreover, Latin America will represent 10% of the global population with a total market of 640 million consumers.

Consumers in emerging markets have shown a willingness to spend their wealth on automobiles, electronics, CPGs, as well as sign up for services such as Netflix, Hulu, iTunes, Spotify and LinkedIn Premium. The region represents significant opportunities for growth.

What’s the best way to reach and engage this emerging class of consumers? Data-driven marketing.

Data-driven marketing is on the rise in Latin America. As the first data-management platform (DMP) and data marketplace to enter the market, we’ve witnessed a fast embrace of data-driven marketing. Two years ago, 95% marketers and publishers weren’t familiar with it. Today, it’s on everyone’s agenda.

And adoption is growing. DataXpand has audiences in every country of Latin America, as well as in Europe and among U.S. Hispanics. Today, marketers are using DataXpand´s data marketplace to access rich quality audiences based on anonymous browsing, which include interest, intent and demographic data.

In many — but not all – Latin American countries, publishers have been slower to monetize their audience data than U.S. publishers.  However, as the in-market data provider of the region we have direct relationships with Latin American publishers – making data available when it otherwise wouldn’t be.

Marketers can (and do) ask the big U.S. data providers for audience data in the LatAm region, but they sometimes run into issues of scale. I experienced this first hand when, on behalf of an auto manufacturer client, I asked a well-known American data provider how many auto intenders they could help us reach in Mexico. After waiting two weeks for an answer, the company came back with a number: 5,000. Leveraging DataXpand’s relationships in Mexico, however, I was able to reach 500,000 consumers.

Another consideration: audience segments are often built using sites that aren’t local to the market. Consumers who live in Colombia probably aren’t going to visit www.cars.com; they’ll visit the Colombian equivalent of www.cars.com . In fact, nearly every country and region has its own version of an auto marketplace, so if you’re Ford or Honda the only way for you to get the data you need to launch a pan-regional campaign is by working with a local data provider.

At the end of the day, Latin America’s 640 million consumers are poised to receive and be influenced by global advertising. The key is to access accurate data, so you can reach the right consumer at the right time with the right message.

TechnologyUncategorized

The Agency as an Orchestrator

September 25, 2014 — by MediaMath

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MediaPost recently published a story in which MasterCard’s media chief, Ben Jankowski, explains how he sees the agency mindset shifting from one of “control everything” to that of “orchestrator.” As the Manager of Display at 3Q Digital, an agency that serves clients including GoPro, Fitbit, and ModCloth, I couldn’t agree more with this analogy.

Like a Mozart or Stravinsky, we arrange all of the necessary people, along with the necessary tools (like TerminalOne), to conduct successful work on behalf of our clients.

Part of that means we are technology-agnostic; we build out the technology stack that will help our clients meet or exceed their goals. As a conductor, you’re concerned with the end result, and that means our technology partners better be too. That partnership also means that we’re honest about a particular technology’s capability set. If we think there’s a better solution, we’ll let the client know.

For us, the alignment and transparency between agency and technology partners ensures client success. When we do engage with a client, our day-to-day contacts tend to be the director of marketing or online marketing manager. Communication is focused on work like integrating first-party data into the technology we use to help our client better target their audiences. We provide strategic advice on how they can best use the technology – even if they’re primarily hands-off.

By managing the technology and giving strategic advice and optimization, our clients are able to focus on brand-related priorities, and the tech partners are able to supply us with the updates and best practices we need to be experts with the technology in question.

Ultimately, we find this manner of communicating with the client to be very effective. The relationship, alignment, and transparency between the agency, technology partner, and client are everything; particularly as data management (who “owns” and “touches” the data) is increasingly important to brand-side marketers. When synchronization between all players occurs, success will follow suit – and success is music to everyone’s ears.

EventsUncategorized

Marketing Beyond the Funnel

September 22, 2014 — by MediaMath

This summer MediaMath was delighted to present at Rakuten MediaForge’s Summer Networking Event aboard the R.S. Hispaniola in London. Set against the backdrop of some of the most stunning views London has to offer, we enjoyed great company and great content, including MediaMath’s presentation from Dave Reed, Managing Director of EMEA, on “Marketing Beyond the Funnel.”

In his presentation Dave Reed discusses how the nature of consumption has drastically changed, and as a result marketers need to rethink their model for engaging consumers along a journey that is no longer linear. Reed notes that the original customer journey was a physical one – consumers literally had to walk through the store to interact with brands and make their buying decisions. As a result department stores such as Selfridges were carefully curated and expertly designed. Similarly, the new digital customer journey must take into consideration all of the touch points that a customer interacts with before making a purchase.

Watch Dave Reed’s presentation to learn more about the rethinking the customer journey and marketing beyond the funnel.

EventsUncategorized

Shop Til’ You Drop

September 19, 2014 — by MediaMath

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Seattle – the emerald city of Starbucks and the location for the Shop.org Summit,  the National Retail Federation’s yearly event for digital and multichannel retailers. This year more than 5000 marketing professionals will travel to the Pacific Northwest to learn, network, and determine how they can be at the forefront of “retail’s digital rush,” this year’s summit theme.

So how can you make the most out of this event? Here are several tips to make the most out of your time there and several more that pertain to omni-channel marketing.

1. Walk the floor. The best way to learn about the players in the space is if you meet with them directly (with that being said, be sure to say hi to us).

2. Identify the breakout sessions that pertain to your business objectives. From leveraging social media to exploring conversion techniques – there are many excellent and timely topics that will be presented at the summit.

3. Know who else is attending. Whether you’re there to gather market intelligence, or to bolster your prospecting efforts, it’s always beneficial to have an understanding of the brands in attendance.

When it comes to omni-channel marketing (a hot topic at this year’s summit), MediaMath has extensive experience helping retailers fully realize their omni-channel strategies. Below you will find 3 tips that we recommend to retailers who are looking to augment their digital marketing practices.

1. Understand, target, and measure 
• Align your offline and online data sets for a more comprehensive view of the customer across, and by, channel.
• Activate the insights and data you’ve gleamed in order to make smarter marketing decisions down the entire marketing funnel. Fill the top of the funnel by identifying pockets of opportunity and drive new customers to engage with your brand.
• Measure the impact of your omni-channel messaging efforts on sales – both online & in-store. More conversions will be attributable to campaign impressions, resulting in a improvement in ROI performance.

2. Create “yes and” partnerships
• In today’s world marketing is technology driven; it enables the onboarding of offline data for targeting, cross-media execution, and provides transparency into what’s working. When the brand, agency and tech partner come together to leverage the power of a platform tremendous success follows.

3. Break down the silos
• Technology should serve as the foundation to unify data sets and fragmented media. However, when your technology is combined with unified goals within the organization your teams can truly move forward in pursuit of exceeding business objectives.

Be sure to stay out of the rain, stay caffeinated, and set up time to speak with us while you’re at Shop.org. For more information about MediaMath Retail, click here.

 

 

 

TechnologyUncategorized

Bridging the Programmatic Knowledge Gap

September 18, 2014 — by MediaMath

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Much has been written about the evolution of enterprise marketing technology and what that change holds in store for large organizations needing to remain competitive. This statement rings true especially in the realm of online advertising. Many Chief Marketing Officers have heard about programmatic technology, are aware that it is important, and yet are unsure of how they can implement it into their marketing practices to produce the outcomes they are hearing about. Succinctly, a knowledge gap exists.

The CMO Club and MediaMath set out to conduct research on the topic, better define programmatic marketing for CMOs, and provide an actionable solution guide for CMOs looking to adopt best practices. Together, we developed “The CMO Solution Guide to Programmatic Marketing.”

For this report, 225 marketing executives were surveyed, representing a wide variety of industries to understand their awareness of, and investment in, programmatic. Through research and interviews with leading adopters, such as Kimberly-Clark, Viking Cruises, Philadelphia 76ers and 3M, the Solution Guide focuses on defining the best practices of those CMOs who have successfully adopted programmatic strategies. The common characteristics include:

• Aligning the organization around programmatic
• Driving the capture and usage of customer intelligence
• Adopting a culture of testing

To download the paper in full, click here.

TechnologyUncategorized

Drop It Like It’s Hot

September 17, 2014 — by MediaMath

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In the marketing and advertising industry the concept of omni-channel marketing is red-hot. Read the headlines. Look at the number of times the term appears in Shop.org speaking sessions (hint: it’s at least three times).

So why now the attention and focus on executing omni-channel? Because marketing technology is advanced enough to meet the level of consumer engagement that occurs with brands across channels and devices. Marketing technology, specifically programmatic technology, empowers retail organizations to drive revenue and overcome some of the complex yet commonplace obstacles they face in realizing their omni-channel strategy.

The fact that we live in a multi-device, hyper-connected world is well documented. Customers are traveling from a desktop website to a mobile site, to their favorite news site and on to retweet, post, or pin across their social media channels and then back again. The opportunity to tap into this consumer engagement is immense.

Yet many retailers struggle to execute omni-channel because of challenges like attributing credit to the most effective marketing channels, leveraging and activating all data sets to produce actionable consumer insights, and sequencing their messages to consumers – when and what is the customer seeing on any given channel or device?

However, these challenges are solvable.

MediaMath has worked with clients to overcome the very hurdles outlined above. From employing Closed Loop Attribution to activating audience and media together within one central marketing operating system to dynamically optimizing the product offer shown, our clients are tapping into programmatic technology to reengineer their omni-channel executions. Why? Because programmatic technology enables marketers access to the masses of media scale and consumers across channels, easily. It brings opportunity to what otherwise would be an impossible manual set of tasks, and through this opportunity it creates clarity in the form of positive ROI, business growth, and insights for the marketing organization.