Module 1: Digital Paid Media Strategy Introduction What is Paid Media? Types of media Owned media Paid media Earned media Why use paid media? Planning a media strategy User-centric thinking Data and testing Examining context Micro factors Macro factors SWOT Setting objectives The customer journey/purchase funnel How customers choose brands and products The online customer decision-making journey Purchase funnel Google’s Zero Moment of Truth Zero Moment of Truth vs Micro Moments Touchpoints SMART objectives Goals, KPIs and targets Defining your target audience Target market, segment, and target audience Optimising Delivery formats Paid Search How does it work Best uses Programmatic Display How does it work Copyright Red & Yellow Creative School of Business Do not copy or share 1 Best uses Paid Social Video Tracking What are tracking tags for? The Google Marketing Platform Why do we care about the GMP? Conclusion Copyright Red & Yellow Creative School of Business Do not copy or share Introduction Welcome to the Performance Marketing course! You’re here to learn about how to use digital paid media to execute excellent campaigns that get the kind of results you need to push your business forward. The first step is to be aware that paid media is only one part of a holistic marketing strategy. If you’re focusing solely on running ads and ignoring the rest of the customer experience, you’re never going to do as well as you could. Let’s briefly consider how online advertising fits into a business strategy. Keep in mind, advertising isn’t separate from the business. You can’t just sell things without any idea of how that fits into the overall business goals. Instead, you need a good understanding of the brand and how that dictates the overall business strategy. In turn, the business strategy will inform the marketing strategy, which will dictate the kind of campaign being run and whether that will include online advertising. Remember, you need to build advertising that will fit into that campaign. Where online advertising fits in (Source: Red & Yellow Creative School of Business (Pty) Ltd, 2022). Copyright Red & Yellow Creative School of Business Do not copy or share The Internet is more than just another marketing channel. People and brands can interact with each other in entirely new ways online, offering each other considerable benefits. For example, a brand that uses social media for brand awareness can offer consumers a new platform for consumer relationship management by listening to and acting on comments from consumers. A brand that uses interactive display adverts to drive sales can offer users a rich, entertaining experience and in return, gain essential information about users’ online purchasing habits through analytics tools. The processes and tactics of digital and offline marketing work together as a chain of interrelated activities. While we’re going to focus on paid digital media in this course, we’ll touch briefly on some other marketing elements now and then, since you can’t really have one without the other. This module is all about the strategy behind setting up a paid media campaign. We’re going to look at how to plan that strategy and at what kind of paid media options are available to execute it. Then, later in the course, you’ll learn how that execution works. By the end of this module, you will be able to: ● define the target audience for your campaign; ● set solid objectives for your campaign; and ● determine the ideal delivery format to achieve your goals. Copyright Red & Yellow Creative School of Business Do not copy or share What is Paid Media? Marketing as a whole refers to every interaction a customer or prospect has with your brand. These interactions happen at one point or another in the marketing mix. We refer to these points as the 4 P’s. Flip over the cards below to learn more about each of the 4P’s. ● Product: What you’re offering to consumers. ● Place: Where the product is available. ● Price: What the customer pays (in money, time, and effort) to acquire your product. ● Promotion: How people find out about your product. Paid media falls under that final “P” - Promotion. It refers to external marketing efforts that involve a paid placement. In digital, paid media includes, but is not exclusive to: ● Paid Search Advertising; ● Paid Social Media Advertising; and ● Display & YouTube Advertising. Paid media is an essential component of revenue growth and brand awareness for online businesses - and, indeed, for any business at all. In this module, we’ll briefly touch on these three areas, though we’ll only go into detail about them a little later in the course. Watch our video to review exactly where paid media (online advertising) fits into the marketing mix. <iframe width="640" src="https://player.vimeo.com/video/220287137?title=0&byline=0&portrait=0" height="360" frameborder="0" allowfullscreen></iframe> Copyright Red & Yellow Creative School of Business Do not copy or share webkitallowfullscreen mozallowfullscreen Types of media Digital paid media is part of the promotional element of the marketing mix. It's important to know that media of all kinds are inextricably interlinked in digital. There are three kinds of media in Digital Marketing: Owned; Paid; and Earned. Let’s briefly go over each of these kinds of media. Click on the plus sign in each block below to learn more about the three types of media. Owned media Owned media refers to channels that a brand controls and owns, such as a website, social media page, or blog. A brand generally uses an owned media space as its base in the digital world. Paid media Paid media is all forms of media that an advertiser pays for. The “ad space” is bought and planned, and the brand “owns” it for a period of time. Paid media can include: ● Search advertising ○ Text-based pay-per-click (PPC) search ads, which appear on search engine results pages (SERPs) ● Display advertising ○ Static or dynamic display ads that are graphic and allow for rich branding opportunities ○ Mobile ads, which can be text or image based, and are specifically created and formatted for mobile devices ○ Video ads on video sharing platforms such as YouTube, websites, and social media platforms - and Instream Ads on YouTube ● Social Media Advertising Copyright Red & Yellow Creative School of Business Do not copy or share ○ Social media advertising can include text, images, GIFs and videos ○ Lead generation using in-platform lead forms ○ Online sales via conversion or catalogue sales Earned media Earned media is publicity and word of mouth promotion that is not paid for directly and is not guaranteed. Instead, it is nurtured, encouraged, and earned through sharing and social interaction. It includes mentions in various social media spaces (blogs, social networks, podcasts, video sharing platforms, etc.). Because it relies on relationship building, it can take time to develop and grow. Search engine optimisation, social media sharing and engagement, and online public relations fall into the earned media category. Have a look at the below diagram, which illustrates the interplay between the three media types the ‘digital marketing trifecta’. The diagram also mentions channels (like websites, paid search, and social media ads) as well as strategies (like retargeting and content) and potential metrics (like mentions, shares, and reposts). This should give you an idea of what is covered by each type of media. Copyright Red & Yellow Creative School of Business Do not copy or share Paid, earned, and owned media* (Source: Business2community.com, 2022) While you have full control of owned media, such as your brand's website, your reach isn't very high (not that many people will see you), so you are most likely to draw existing customers. While paid media allows you wider and more targeted reach to engage with new prospects. You don't have to pay for earned media, so you don’t have much control as it is spread by your fans. Paid media, however, does require a budget, so if you’re working with limited resources (budget, time, and effort), it needs to be implemented with a strategy based on a clear goal. While the latter is true for owned media as well, it’s especially so for paid. Take a look at the table below which outlines the roles, examples and benefits of Owned, Paid and Earned media. Copyright Red & Yellow Creative School of Business Do not copy or share Table showing the pros and cons of each type of media (Source: Textbroker.com, n.d.) ) You need to use paid, earned and owned media in conjunction for maximum impact, to retain existing customers, convert prospects, and reach new brand fans. These three types of media can overlap considerably, and any marketing campaign is likely to involve more than one. Owned, paid and earned media also impact on one another to improve results. For instance: ● Online advertising strongly influences certain elements of earned media, such as organic search. Paid search ads on search engine results pages (SERPs) increase the likelihood of clickthroughs to a website via the organic results (BrightEdge, n.d.) . So, if a brand's website ranks well (first or second spot on the SERP), more people will click on it if there is also a paid search ad on the page. ● Banner advertising has been shown to influence consumer search behaviour. A consumer might see a banner and not click on it, but go to a search engine to search for the product/brand advertised and then click on the search ad. This is also referred to as an assisted conversion, if the client buys the product. The lines between these three forms of media are not fixed, and all three can overlap and converge. For instance, a piece of content created as online advertising might be shared via social channels Copyright Red & Yellow Creative School of Business Do not copy or share to become earned. This convergence and interplay between the different forms of digital media are increasingly important for businesses, whether they sell online or not - and they can all play a role in the zero moment of truth - which we’ll discuss later, when we look at the customer journey. Reach (and who you can reach) vs control in paid, earned and owned media (Source: pattytalksdigitalcomms.blogspot.co.za, n.d.) Why use paid media? Since people are constantly exposed to a number of ads and seem to be growing less tolerant of them, what makes paid media such an important element in the marketing mix? Well, a big part of digital marketing these days is creating a relationship with the consumer via content marketing - that is, creating content that is valuable and personalised to the consumer rather than overtly promoting the brand. Content marketing does you no good if your content is never seen. Paid media is a good way to promote content to drive earned media, as well as direct traffic to owned media properties - in fact, it’s one of the fastest & cost effective ways to drive traffic. On social media in particular, organic (unpaid) reach is near zero - brands simply will not have their posts seen if they don’t pay to promote them. In other words, as we discussed above, paid media can positively impact owned and earned channels. Copyright Red & Yellow Creative School of Business Do not copy or share Paying to promote content or products can help get the ball rolling on awareness and create more exposure and interest - and all for a pretty reasonable price. Online ads tend to be much more affordable than more traditional advertising methods, though costs are tied to the objective you’re trying to achieve. This is especially true because of how specifically you can target your paid media - you’ll reach the right people, at the right time, with, hopefully, the right message. Last, but most certainly not least, paid results are easier to track than organic content. Paid media overall is highly trackable, allowing you to see everything you’ve spent and exactly what results you’ve received. Let’s finish off this section by doing a quick activity on the characteristics (advantages and disadvantages) of owned, paid and earned media. Drag and drop the below characteristics into their corresponding media types. Owned Paid Earned Company has full control of Allows a very targeted reach. Costs nothing. assets. Takes time to develop. Can reach a large audience. Company has little control over messages. Does not have a massive Paying for ad campaigns can The most credible type of reach. be costly. media. Copyright Red & Yellow Creative School of Business Do not copy or share Planning a media strategy Planning a new campaign is exciting, but you won’t succeed unless your campaign is backed by a clear strategy. A brand’s digital marketing strategy should encompass all aspects of marketing, both ongoing (continuous) and intermittent (flighted). Online advertising makes up an important part of this overall strategy, but for the best possible approach, you need to keep two things in mind: ● User-centric thinking; and ● Data and testing. User-centric thinking A good digital marketing strategy is focused on the user and not the brand. User-centric thinking means putting the consumer and their needs at the centre of all the marketing decisions you make. Think about where you can find them and what might appeal to them. Questions to help focus your strategy could include: ● Where is the user spending their time online? ● What does the user like to do online? ● What types of content does the user appreciate and engage with? ● What times of the day is the user online? Notice that it is not about where the brand already has a presence, is active or well known. Neither is it about the content the brand wants to make or is comfortable making. It is all about the user and ensuring your strategy meets them in the places they already are, with content they will appreciate. How can you be sure of what they appreciate? Copyright Red & Yellow Creative School of Business Do not copy or share Data and testing One of the main benefits of digital marketing, and online advertising in particular, is how easily it can be tracked, measured and documented. User behaviour, user actions, navigation paths, sales, and social media mentions, among many others, can all be tracked and recorded almost automatically in real time. Statistical analysis can then be carried out on all this data to measure, compare and determine what is working and what is not. Because of the real-time nature of digital, marketing efforts can be tailored and adjusted constantly, optimising for performance. Examining context When examining context you need to consider all the factors, both internal and external, that impact on your business and its stakeholders. Although you may have an instinctive understanding of where your business sits in both contexts, it helps to approach this analysis in a systematic and structured way so that you consider all the factors involved, and get a more rounded view of the customer’s context, as well as the overall business context. Micro factors Micro factors are factors that your business has some control over and are limited to their impact on your organisation itself. Click on the blocks below to reveal what these factors include: Your company This can be broken down further to include: ● Brand identity: Who are you? What is your brand about? What does it stand for? What ideas, emotions, and benefits do people associate with it? What is your USP? ● Your current digital offerings: Do you have a website? An app? What social media platforms are you on? Do you advertise online? Where, when, how? Copyright Red & Yellow Creative School of Business Do not copy or share Unique selling point (USP) Your USP is the one characteristic that makes your product or service better than the competition’s. What makes it stand out? What can it claim that no other can? Your customers Who are your customers? What are their wants and needs? Never make assumptions about why people like and transact with your brand - this is where that user-centric focus we mentioned earlier is important. Place the customer at the centre of all business decisions - and test to make sure you’re doing this accurately. Your competitors Who are they? What do they offer that you cannot? What spaces do they operate in? Are they direct competitors or substitution competitors (that is, do they compete with you based on price and product, or in the form of more abstract concepts such as time or mindshare)? Macro factors Macro factors (or external factors) are shaped by external forces which are beyond your control. They impact on the broader environment in which your business operates. No business operates in a vacuum, and these external forces can have a large influence on your business, so it is important to identify them and be aware of their potential impact. A PESTLE analysis is also a great tool for identifying threats and opportunities, establishing strategic direction of the business, and minimising potential failures. It can assist in breaking down assumptions that could lead to blind spots. As you can see in the image below, PESTLE is an acronym which represents six external forces. Click on the question hotspots to learn more about each external force. Copyright Red & Yellow Creative School of Business Do not copy or share ● Political: The national and international regulatory environment, including labour law, employment regulations, taxation, and trade agreements. Political stability, trade sanctions, and boycotts can also impact businesses. ● Economic: Economic fluctuations, exchange rates, government spending, trade cycles, and other monetary issues can all impact your business. ● Social: Consumer demographics and psychographics - lifestyle information and trends, cultural differences, consumer attitudes and values, media attitudes, consumer buying patterns, fashion, role models and influencers, and ethical or religious concerns. These can all impact how people see your brand. ● Technological: Rapid changes in technology have become the norm in the digital age products and processes become redundant quickly. Research, funding, access to Copyright Red & Yellow Creative School of Business Do not copy or share technology, and licensing can all play a role in your business and influence how your customers access your product and communicate with you. ● Legal: Legal regulations for what can be sold to whom and how it can be advertised. ● Environmental: The way a business impacts the environment. Green tax, lobby groups, and corporate social responsibility efforts (the idea that an organisation’s business model should be ethical, lawful, and environmentally friendly) can all impact your offering. Watch our video on how to do a PESTLE analysis. src="https://player.vimeo.com/video/224020416?title=0&byline=0&portrait=0" height="360" frameborder="0" webkitallowfullscreen <iframe width="640" mozallowfullscreen allowfullscreen></iframe> SWOT analysis A SWOT analysis is useful for understanding how the internal and external factors work together. A SWOT analysis examines the Strengths (internal positives), Weaknesses (internal negatives), Opportunities (external positives) and Threats (external negatives) surrounding your business to give you a clearer picture of what might impact you. Study the below image and, and click on the question hotspots to learn more about each quadrant. Copyright Red & Yellow Creative School of Business Do not copy or share A SWOT Analysis (Source: Red & Yellow Creative School of Business (Pty) Ltd, 2022). ● Strengths: What is the brand good at? What does it do well? USPs? ● Weaknesses: What shortcomings does the brand have? Recent crises or mistakes? ● Opportunities: Are there any market gaps? Any new marketing channels to explore? ● Threats: Are there any strong or new competitors? Any strong competitor USPs? An in-depth examination of your business helps you determine exactly where your business is, what is immediately possible and attainable, and what it needs to guard against and watch out for. It is an integral step in developing your marketing strategy. Watch this video on how to perform a SWOT analysis. <iframe src="https://player.vimeo.com/video/289655189" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe> To apply your knowledge of the SWOT analysis, drag and drop the following examples into their corresponding quadrant. Copyright Red & Yellow Creative School of Business Do not copy or share Strengths Weaknesses Opportunities Threats Having a well-known A relatively low New technology A competitor is and established marketing budget. promises a possible offering a similar new sales channel. product value at a brand. lower price. Your product has a Poor quality existing New market research The economy might strong USP. marketing assets. shows a big consumer be heading into a market that is recession. untapped. Setting objectives What does your campaign need to achieve for the business, and how can online advertising fit into that? Your digital marketing objectives need to be aligned with your broader business and strategic objectives. Marketing objectives are more than simply increasing sales; they are about getting your customer to engage and interact with your brand in some way. All online advertising campaign objectives need to consider this. To start determining your objectives, consider your brand, your customer and the technology available. You also need to think about the entire customer journey. You don’t want to stop at raising awareness, although grabbing your audience’s attention is very important; you also want your customers to engage and take some form of action. Before we get into writing objectives, let’s look at the customer journey. Remember, overarching marketing objectives are supported by objectives at the campaign level e.g. an overall marketing objective could be to increase online sales. To support this, you could have a display campaign focused on brand awareness and a search campaign focused on generating leads. In this case, your display objective could be increasing website visits by 100 visitors per week, while your search objective could be increasing leads by 50 per week. Copyright Red & Yellow Creative School of Business Do not copy or share The customer journey/purchase funnel The customer journey describes how people go from deciding that they need a product to choosing the product they want and then buying it. Let’s examine the path an online customer would follow from the point where they become aware of your product to the point where they decide to buy it (and where digital paid media can fit in). How customers choose brands and products Traditional marketing strategy sees consumers as following a linear decision-making funnel when engaging with a new brand or product. The phases of the customer journey are shown in the below purchase funnel infographic. As you can see, at each stage, the customer narrows down their options, as shown in the image below. Click on each number hotspot to learn more about each stage of the purchase funnel. Purchase funnel (Source: McKinsey, 2009) 1. Awareness: The customer becomes aware of their need for a specific product or service. 2. Discovery or familiarity: The customer starts noticing brands that meet this need. Copyright Red & Yellow Creative School of Business Do not copy or share 3. Consideration: The customer weighs up their options and starts asking questions about the offerings available. 4. Purchase: The customer decides on their top choice and enters into a transaction with the brand. 5. Loyalty: The customer uses the product, and hopefully starts developing loyalty to the brand after a positive experience. This process changed when digital became ubiquitous, though. The online customer decision-making journey You will not be surprised to learn that the internet has changed how consumers find, research, choose, and buy products - the traditional funnel doesn’t account for the various touchpoints, decision factors and non-linear behaviours of internet users. People no longer follow that linear purchase journey. Instead, they follow a cyclical loop of brand engagement, at the core of which is consumer-generated content and social media. In the online consumer journey, the consumer engages in a cyclical process of evaluating and interacting with brands and products. Their decisions online are constantly in flux, and brand loyalty is much harder to earn and maintain. This cycle has four phases: 1. Initial consideration; 2. Active evaluation and research; 3. Closure - the moment of purchase; and 4. Postpurchase - ongoing exposure, where the customer builds expectations based on their experiences. This contributes to the next decision journey. Copyright Red & Yellow Creative School of Business Do not copy or share The online customer journey. Note the loyalty loop - that’s what you want! (Source: McKinsey, 2009) Consumers are constantly faced with branded messaging and advertising, both online and off. When they decide to buy something, these accumulated impressions can steer them towards a specific brand. Paid media can be incredibly effective in building up the brand awareness that can make this happen. The consumer is likely to explore and revisit their options each time they make a new decision to purchase, actively adding new choices throughout the journey. The final decision can be made as late as the actual moment of purchase, by adding the desired product to an ecommerce cart and checking out. Even after purchase, consumers continue to research and explore options, giving brands another chance to offer customers value by supporting customer relationships or interrupting a customer journey with a competing product. Why is online advertising so important in the online customer journey? Copyright Red & Yellow Creative School of Business Do not copy or share Purchase funnel A useful way of looking at the customer journey is through the purchase funnel, which describes how your customer moves from first contact with your brand through to purchase. This is useful to track because you can see exactly where customers drop out of the funnel (where you lose them), which gives you an idea of how you need to optimise your owned and paid properties to keep them in the funnel until they convert. Copyright Red & Yellow Creative School of Business Do not copy or share The modern purchase funnel (Source: Mobile Mob, n.d.) Note that it’s called a funnel because it gets narrower as you move through the stages. This is because, as each stage progresses, more and more customers drop out. Copyright Red & Yellow Creative School of Business Do not copy or share Conversion funnel with best performing networks for each stage (Source: Cleary, n.d.) Google’s Zero Moment of Truth Traditionally, marketers referred to a process containing a stimulus, and two “moments of truth”. The stimulus would be something that sparked a consumer’s interest in a product - for example, a social media ad for sneakers. The first moment of truth would be when they saw the product on the shelf - looking for the pair of shoes and finding them in a store. The second moment of truth would be when they used the product after buying it - putting on the shoes. Copyright Red & Yellow Creative School of Business Do not copy or share First and second moment of truth (Source: Think with Google, n.d.) The internet has introduced a new moment. It is between the stimulus and the first moment of truth. Customers can now go online and research the product or service, read reviews, and ask questions on social media. Google has named this ZMOT - ‘zero moment of truth’ (Nelson, 2019). This is the “active evaluation” stage referred to above. Google’s ZMOT (Source: Think with Google, n.d.) For example, Laura, a college student, sees a display ad for the new Google Chromebook. The ad is the stimulus here because it arouses her interest in the possibility of a new notebook computer. Laura decides to do some research. She looks at product reviews, forums, and social media. This is the zero moment of truth. During this stage, Paid Search ads guide her to content about the Chromebook so she can learn more about it. Copyright Red & Yellow Creative School of Business Do not copy or share Eventually, Laura decides to buy the Chromebook she first saw an ad for. That’s the first moment of truth. The second moment of truth occurs when Laura switches on the Chromebook and starts using it. Note that one person's second moment of truth can become another’s ZMOT - if someone has a very good or very bad experience and posts a review online, or if they answer a query about their experience, other people can see this review. These online impressions can shape a potential customer’s perception of a brand, so making sure that your brand has a solid, positive presence on social media can have a significant impact on your success. Still not sure about the zero moment of truth? Our video will explain it to you. <iframe src="https://player.vimeo.com/video/212729617?title=0&byline=0&portrait=0" height="360" frameborder="0" webkitallowfullscreen width="640" mozallowfullscreen allowfullscreen></iframe> Zero Moment of Truth vs Micro Moments Since the surge in mobile use, marketing has expanded even further than ZMOT to include Micro Moments in the customer journey. According to Smart Insights (Llewellyn, 2020), “82% of smartphone users use their phones to influence a purchase decision in a store”. As a result, Micro Moments are intent-rich moments in the customer’s decision making along the purchase journey. The 4 types of Micro Moments include: 1. I-want-to-know moments; 2. I-want-to-go moments; 3. I-want-to-do moments; and 4. I-want-to-buy moments. This means that reaching the right person at the right time and with the right message (and, now, in the right place) needs a concerted digital marketing effort. Copyright Red & Yellow Creative School of Business Do not copy or share Touchpoints We keep mentioning touchpoints and how the customer forms an impression of your brand based on every single touchpoint they encounter. What does that mean, though - what is a touchpoint? In short, it’s any point where a customer can encounter your brand - ranging from a direct encounter, such as in-store service or a face-to-face conversation with a salesperson, to indirect encounters such as hearing a radio ad, seeing a billboard on the way to work, or seeing a PPC ad when doing an internet search. Various consumer touchpoints (Source: Brandrick, 2021) Together, the touchpoints make up the customer journey. Your b: rand needs to be communicated consistently through these touchpoints. This is really important when creating a paid media campaign. If your ad is exceptional and encourages immediate clickthroughs, you’re still going to fail if your landing page is terrible. The user’s experience (UX) on your site is a key factor in conversion. Poor navigation or sites that lack Copyright Red & Yellow Creative School of Business Do not copy or share credibility or are difficult to use will lead to the user bouncing off the site as soon as they arrive on the landing page. A wonderful, creative ad campaign will suffer, if it leads users to a disappointing website that does little to facilitate conversions. You also need to consider the circumstances and stage of the day in which the customer is likely to encounter your brand. Is there a particular touchpoint where they are more likely to encounter the brand that will leave a first or last impression? Which points will have more impact? Start thinking about how these factors might influence your communication strategy. Watch our video on how to map the customer journey. src="https://player.vimeo.com/video/225828888?title=0&byline=0&portrait=0" height="360" frameborder="0" webkitallowfullscreen <iframe width="640" mozallowfullscreen allowfullscreen></iframe> From this point on, we’ll be focusing only on touchpoints related to paid media. Remember, though, for really effective marketing, you need to be aware of the interplay between all touchpoints - a multi/omnichannel marketing strategy is essential for the best results. Check out our video for an example of a great multichannel strategy. <iframe src="https://player.vimeo.com/video/292861129" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe> Understanding which digital channels or touchpoints you can use at each stage of the customer journey is important. Drag and drop to match the channels/touchpoints to their corresponding stage of the customer journey. Static items Draggable items Awareness and discovery Social media, PR events, radio, display ads, search ads. Consideration Website, email, social media ads. Purchase Store, website, app, social media page, call centre. Loyalty Website, app, email, order fulfilment. Copyright Red & Yellow Creative School of Business Do not copy or share SMART objectives Now you know how to investigate the context in which you’re operating and how to consider the entire customer journey. Put these together, and you should be able to decide what role you want your ads to play. What part of the customer journey are they targeting? What do you want your campaign to achieve? Answering those questions will give you your objective - and it will also help you decide what format your ad should be in. Your objectives should always be SMART - specific, measurable, attainable, realistic, and time-bound. Flip over each card to learn more about what each component refers to. ● Specific: Set objectives that are clear, detailed and unambiguous, so you know exactly what you are aiming for. A goal like: “We want more brand awareness” is NOT specific, whereas “Increase the level of brand awareness by 20%” is specific. ● Measurable: You can objectively determine if the goal has been reached or not. For example: “Increase brand awareness” is NOT measurable, but “increase the number of ad impressions” is measurable. ● Achievable: Objectives should be possible to achieve based on the resources, skills and time available at the business. ● Relevant: Objectives should be aligned with the wider business and marketing objectives. ● Time bound: Objectives should always have a time limit or deadline so that you can see if you are moving towards your objective efficiently. Goals also need to be matched with relevant tactics, goals and metrics. For example: Achieve 100 clickthroughs per day on all PPC ads for the duration of the 3-month campaign. Here are some examples of possible SMART objectives for an online advertising campaign: ● Branding: Reach 1 000 unique users by the end of the year via display ads. Copyright Red & Yellow Creative School of Business Do not copy or share ● Driving traffic: 4 000 visitors should visit the new product landing page by the end of the quarter. ● Competition entries: 2 000 unique individuals should enter the competition by the end of the current year. ● Registrations: 1 000 unique individuals should complete the registration process within November. ● Sales: Reach 2 000 sales with a minimum value of R 3 000 000 within the end quarter. Your objectives are critical to your success and inform the tactics, goals and metrics you choose for your strategy. The more clearly defined your objectives are, the easier it is to create the rest of your strategy and measure your success. Check out our video on SMART objectives: <iframe src="https://player.vimeo.com/video/207595598" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe> You should now have a good idea of what SMART goals are. Drag the following examples of each term to their corresponding category. Not SMART Goal SMART goal Reduce the bounce rate on the home page. 4 000 clickthroughs on display ads by the end of the year. Improve brand awareness across all channels. Reach a conversion rate of 3% on search ads by the end of the second quarter. Goals, KPIs and targets Once you know what you want to achieve via paid media, make sure you assign goals, KPIs, and targets to help you measure whether you’re reaching your objective. We’ll be focusing only on Copyright Red & Yellow Creative School of Business Do not copy or share various paid media formats. For each objective, choose the best tactic to help you achieve it. Then, decide what each tactic/format needs to achieve. Examples of goals and KPIs (Source: Red & Yellow Creative School of Business (Pty) Ltd, 2022). Here, the conversions - also known as website goals - are what the user needs to do for your objective to be successful. It’s the minimum user action necessary for success. Monitoring your daily conversions will give you an indication early on of what changes you need to make to be successful in your overall objective. If, in our example, you are only receiving 20 website visitors per month, you know you have to improve your ad, adjust your campaign, consider another tactic, or rethink whether your overall objective is realistic. Then you need to choose your metrics. Metrics are the indicators you track to determine if you are achieving your goals and delivering on your objectives. A metric is any concrete number or percentage that can be reliably measured and tracked. Choose key metrics, based on the objective - that is, the most important metrics that will help you determine whether your efforts are successful. These metrics can also be referred to as Key Performance Indicators, or KPIs. A few examples of metrics: ● Number of sales; Copyright Red & Yellow Creative School of Business Do not copy or share ● Average order value; ● Cart abandonment rate; ● Number of facebook likes; ● Reach; ● Number of impressions; ● Number of new visitors; ● Percentage of return visitors to a site; ● Number of clicks through to site; ● Number of app installs; ● Number of newsletter sign ups; and ● Number of shares of a specific post. The infographic conveys the kind of tactics and metrics that you can use at each stage of the funnel. Copyright Red & Yellow Creative School of Business Do not copy or share Copyright Red & Yellow Creative School of Business Do not copy or share The relationship betweenTypes of Media Channels, Purchase Funnel Phase and Metrics (Source: Smart Insights, n.d.) What’s the difference between reach and impressions? Impressions refers to the number of times your ad is seen, while reach refers to the number of people who see your ads. Impressions can be higher than reach because people can see the same ad multiple times across multiple online channels. Key performance indicators will change depending on your objectives. If you want to send more traffic to your website via a PPC ad, your KPIs will be the number of clickthroughs on the ad and number of visitors to the site. If your objective is to increase reach on Facebook, your KPI would be Reach per post on Facebook. Here’s our video explaining KPIs, targets, and tactics: <iframe src="https://player.vimeo.com/video/226288981" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe> Let’s finish off this section by doing an activity. Match (by dragging and dropping) each stage of the marketing funnel with its corresponding metric. Static item Draggable item 1. Reach Number of website visitors; inbound links. 2. Act Time on site; leads; shares, likes. 3. Convert Orders, Revenue. 4. Engage Number of repeat purchases; referrals. Defining your target audience You need to be able to differentiate between your target market - the people who can, and would want to buy your product - and your target audience, which is the subset of the target market to Copyright Red & Yellow Creative School of Business Do not copy or share whom your specific ads are aimed. You have to know who your customers are if you are to market to them successfully! Target market, segment, and target audience The defining characteristics that make up your target market should include demographic and psychographic factors. Demographic factors include, among others: ● Age ● Gender ● Location ● Income bracket ● Education level ● Which device(s) the audience uses to access the internet Demographics are factual, inarguable factors. Psychographics are the feelings and wants of your market. These include: ● Wants and needs, both in general and from the brand ● Values ● Beliefs ● Attitudes ● Aspirations ● Interests Copyright Red & Yellow Creative School of Business Do not copy or share For example, someone might be unable to pass up a bargain while wanting to provide quality for their family and protect the environment. Psychographics are harder to determine as they involve more in-depth research into your customers and their personal preferences. You’ll also want to consider digital habits, which include questions like: ● What device does your target market use to connect to the internet? ● How often do they do so, and for how long? ● Why do they go online? ● What are their preferred websites and social media sites? Once you have defined your target market, you can refine your market into smaller and more specific segments. These are specific groups of your target market that share common factors and slightly (or very) different needs from other segments. The more you have refined your market the better you can target content and marketing messages to them. You can segment your market in various ways. Click on each block to learn more about each segmentation grouping. ● Demographics: Demographics include characteristics such as age, gender, and location. Gender is a popular choice, and many retailers target men and women differently for similar products. Copyright Red & Yellow Creative School of Business Do not copy or share On the Superbalist website, the same watch brand is positioned differently for male and female customers (Superbalist, n.d.) ● Purchasing power: Dividing customers by how much they are willing, or have available, to spend. Travel packages are a good example - luxury travel vs. budget travel. ● Customer objective: Addressing customers according to what they want from your product. Buying a luxury item for themselves, as a gift, or for their partner are all different objectives and can be targeted in different ways. ● Product or service: Addressing customers of products differently. For example, Ford will target customers of its family cars, ST sports range, and utility vehicles differently. ● Customer Lifetime Value: Communicating with loyalty customers more often and preferentially than sporadic customers. Your target audience is the specific part of your target market or segment towards whom your campaign will direct its message. You can have a variety of campaigns addressing different audiences from different segments of your target market, and each campaign will have its own target audience. Target market, segment, and target audience relationship (Source: Red & Yellow Creative School of Business (Pty) Ltd, 2022). A little later in the course, we’ll look at how you can use digital tools to target your ads to exactly the right people. Copyright Red & Yellow Creative School of Business Do not copy or share Optimising Build in continual optimisation right from the beginning of your campaign. Probably the biggest benefit of online marketing is the ability to track and measure campaigns along the way, allowing marketers to tweak these campaigns and improve performance during the campaign itself. Marketers can refine their tactics and offerings and learn from their efforts very soon after implementing them. For example, Facebook offers a type of testing called A/B testing in which marketers are able to test messages, tone of voice, landing pages and assets against each other to see what resonates best with their desired audience. We will take a deeper look at A/B testing later in the course. The key to building successful brands lies in the user experience and journey. Be sure to assign budget to analysing data and optimising the conversion paths during the campaign. The better the user experience, the more likely a consumer is to convert. Campaigns should be designed to be agile so that any developments or knowledge gained through tracking and reviewing performance can be fed back and implemented into the strategy going forward. Don’t forget your KPIs! Remember, you are tracking KPIs to determine if you are on course to meet your objectives. Ultimately, the best strategies are iterative. You need to consistently review your performance on your identified KPIs and metrics and make the necessary changes to stay on track to achieve your objectives. Copyright Red & Yellow Creative School of Business Do not copy or share Iterative campaign process (Source: Red & Yellow Creative School of Business (Pty) Ltd, 2022). Watch our video on the importance of having a marketing strategy. <iframe src="https://player.vimeo.com/video/221732870?title=0&byline=0&portrait=0" height="360" frameborder="0" webkitallowfullscreen allowfullscreen></iframe> Copyright Red & Yellow Creative School of Business Do not copy or share width="640" mozallowfullscreen Delivery formats We’ve been talking about choosing the right tactic - the right paid media format - to reach your audience. Let’s take a quick look at your options and then, in later modules, we’ll look at how to implement each tactic. The major choices for paid media are: ● Paid search; ● Programmatic display (in all its formats); ● Paid Social; and ● Video. Let’s explore these! Paid Search When you enter a search query into Google (or any other search engine), you get two kinds of results: organic and paid. 1. Organic: The results that have worked their way up the rankings because their content is relevant to users and provides a great user experience 2. Paid: The results from brands that pay to place ads at the top of the search engine results page (SERP) See the image below for examples of each: Copyright Red & Yellow Creative School of Business Do not copy or share Red indicates paid results, while blue indicates organic results (Google, n.d.) How does it work All search engines function similarly. The algorithms they use to choose which results to serve to the user and the backend systems are geared toward two points: 1. Understanding the user’s intent when they type in a search query; and 2. Showing the user the most relevant results as quickly as possible. If you want your paid ad to show on a SERP, it needs to be relevant to the user’s intent when they type their query. Why is this important? Two reasons: 1. It’s good for the search engine because if the users find what they want, they’ll keep using the platform; and Copyright Red & Yellow Creative School of Business Do not copy or share 2. It’s good for the advertiser because their ads are shown to users who have intent that relates to their ad or product. The two most important elements in search advertising are intent and relevance. 1. Intent: What does the user want? What are they looking for? What do they plan to do? 2. Relevance: Will your product give the user what they want? Creating a search ad involves: ● conducting keyword research; ● creating ad copy; ● setting up campaigns; ● implementing location settings; ● Targeting; and ● optimising the campaign. As long as you keep relevance and intent in mind while you follow this process, you’re setting yourself up for success. Best uses When is the best time to use search ads? Search is useful in every stage of the customer journey. It keeps you relevant and visible - since customers use search engines at every stage of the customer journey, search ads will have an effect all the way through. Paid search is useful for awareness early in the customer journey because it can alert customers to your products when they might not have realised you existed before. Research from Google indicates that 53% of South Africans turn to Google Search to find new products (Brandeberry, 2022). Copyright Red & Yellow Creative School of Business Do not copy or share Paid search is great for driving traffic and gives you results faster than simple SEO. They can also help you generate qualified leads because you can target the kind of people you know will be interested in your products. Local search is increasingly important as more people use mobile devices to search for nearby stores. PPC can direct these motivated, intent-driven users to your location. Programmatic Display “Display” covers pretty much every other ad format you’ll encounter online. Below we outline which ad formats are available - click on the blocks to learn more. ● Banner ads: Banner ads are placed along the top or sides of web pages. These can include rich media, videos, ads that expand when you scroll over them, interstitials (full-screen ads that pop up between clicking from one page to the next), overlays (a transparent pop up that needs to be closed), and so on. ● Videos: Including Instream videos (those videos that play before or during videos you want to watch online) ● Native ads: Which are ads designed to blend in with their surroundings so that they are less disruptive to the user ● Social media ads: A form of display ad on social media platforms. We won’t go into a large amount of detail on those in this course Display advertising involves text, audio, and graphics (and by graphics we mean pictures, logos, videos, animations, and everything else visual). Programmatic display refers to the way these display ads are bought. How does it work Programmatic advertising is the automated ad-buying process of securing ad space based on targeting criteria that the buyer identifies. It’s all about making the computer do the hard work, Copyright Red & Yellow Creative School of Business Do not copy or share which makes for better audience targeting as well as faster and more efficient delivery of real-time messages. You can buy display banners on an impression basis through an auction that occurs in real time (this is called RTB - real-time bidding). This way of buying is facilitated by an ad exchange or supply-side platform that connects publishers to advertisers. Confused by these terms? Don’t worry. We’ll explain them all in more detail later in the course. Best uses Programmatic used to be utilised mostly for retargeting - right at the end of the purchase funnel. Now, though, you can use programmatic targeting to reach your customers everywhere, from awareness to conversion and loyalty programmes, across a number of channels, from websites to social media to mobile apps. You can use display to: ● Bring prospecting new users to your website; ● Bring back people that haven’t yet converted; ● Upsell to current customers; and ● Inform and remind customers about a product. Paid Social While Paid Social media forms part of programmatic display, it deserves to be highlighted as a key delivery format for paid media. In January 2022, there were a reported 3.69 billion users across all Social Media platforms, making this one of the most effective platforms for creating brand awareness and generating leads and sales for your business, while reaching the masses (Barnhart, 2022).. Copyright Red & Yellow Creative School of Business Do not copy or share With the influence that social media marketing plays in the consumer journey, all marketers should consider it an integral part of their overall digital marketing strategy. Video Video ads are an effective way to drive reach and consideration by connecting with users in an easy-to-digest format. There are a variety of platforms that serve video ads, the most popular of which is YouTube. Videos can also show on Connected TV, website placements and native ads. Longer videos of 20 seconds or more are generally used to drive awareness, while consideration and action can be driven by shorter, more impactful videos. Copyright Red & Yellow Creative School of Business Do not copy or share Tracking One of the biggest benefits of digital paid media is its trackability. Why? If we track how our digital activities are performing - everything from our website and our ads to our content and social media activities - then we can find out what’s not performing as well as it could be, optimise those activities, and increase our ROI. The most important component in tracking a digital paid campaign is the tracking tag - a little snippet of code that is added to a website to collect information and send it on to third parties. Each platform that you use while creating your campaign will have its own code that you’ll need to add to your website. Platforms include: ● Google Analytics; ● Google Ads; ● The Google Marketing Platform; ● Facebook / Instagram; ● Twitter; and ● And more! If you add too many tags to the source code, your page will load more slowly, which will negatively impact your SEO (your ranking on search-engine results pages). To avoid this, you can add the tags within a container tag. What is a container tag? What it sounds like - it’s a single code snippet that acts as a container. All the tracking tags you want to use are included in this container. Google’s Tag Manager makes this simple. All the tracking codes you want to include can be placed in the Google Tag Manager (GTM) - off your site - and will be fired from one container tag Copyright Red & Yellow Creative School of Business Do not copy or share on the site when relevant actions take place. You add just one code snippet on all pages of your website, and then GTM manages all other tags centrally. What are tracking tags for? Now we know that tracking tags are snippets of code that go on your website and are fired when a specific action or set of actions happens on the site. But what do we use them for? They’re called tracking tags for a reason - they help us track what’s happening on our website. With these tags, we can track the metrics that are most important to our campaigns - the KPIs that we discussed earlier. Among other things, we can track: ● engagement (time spent on site, actions taken while on site, number of pages visited, bounce rate, etc.); ● submissions (tracks form submissions); ● downloads; ● clicks; ● purchases (tracks the number of sales and revenue on product purchases); and ● number of visitors (how many people arrive on your site) All of these are useful for measuring how well your ads are performing - or rather, how well people perform on your site once they arrive via an ad. Tracking tags also enable remarketing. When someone visits your website, you can add them to a remarketing audience - and you can create different audiences for different pages on your website. This means that if someone looks at the women’s boots on your website, you can add them to a “women’s boots” remarketing audience so that later on, they will receive highly targeted ads about the women’s boots on your website. Copyright Red & Yellow Creative School of Business Do not copy or share The Google Marketing Platform The Google Marketing Platform (GMP) is the platform on which Google unites all of its disparate products, bringing together Display and Video 360, Campaign Manager 360 and the Google Analytics 360 suite. It’s a stack solution for unified advertising and analytics, bringing together: ● Search Ads 360 ● Display and Video 360 ● Campaign manager 360 ● Google Analytics 360 / GA4 ● Data Studio ● Optimise 360 ● Surveys 360 ● Tag Manager 360 What does this mean? In short, you can plan, buy, measure, and optimise your paid media all in one place instead of needing to jump between tools. We’re only going to look at search ads, display ads, and Google Analytics in this course, but you need to know that the GMP has more products available than that. Why do we care about the GMP? Google’s native integration of these various products simplifies workflows, promotes collaboration within and between marketing teams, and makes it easy to share insights. Overall, it’s an easier way to get a single view of a brand’s activities and audience behaviour. It’s all about cross-product integration with an aim to boost ROI. Ultimately, it results in informed decisions regarding media investments, which means that we can make better, more relevant, and more effective marketing campaigns for less money. Copyright Red & Yellow Creative School of Business Do not copy or share Conclusion This module introduced you to the world of digital paid media. First, we explained where digital paid media fits in the overall marketing mix and looked at why it’s important. Then we looked at planning a media strategy and all the elements you need to consider when setting up a campaign. Remember, everything - your choice of ad type, your copy, your images (where relevant), your targeting, and even your bid strategy will be determined by which phase of the customer journey you’re targeting. Next, we looked at the ad delivery formats you have available. We’ll be delving into these in far more detail in coming weeks, so stay tuned! Finally, we introduced you to tracking and its importance in the digital paid media cycle as well as the Google Marketing Platform and what makes it so useful. Copyright Red & Yellow Creative School of Business Do not copy or share List of references Barnhart, B. (2022). 41 of the most important social media marketing statistics for 2022. Sprout Social. [website] Available at: https://sproutsocial.com/insights/social-media-statistics/. Brandeberry, C. (2022). Shopping trends and behaviours for marketers. Think with Google Available [website] at: https://www.thinkwithgoogle.com/intl/en-ssa/consumer-insights/consumer-trends/shopping-tren ds-and-behaviours/ [Accessed 8 Sep. 2022]. BrightEdge. (n.d.). SEO and PPC Work Together For Search Marketing. BrightEdge [website] Available at: https://www.brightedge.com/glossary/how-organic-seo-and-ppc-impact-each-other [Accessed 8 Sep. 2022]. Llewellyn, G. (2015). How Google can help you win the moment. [online] Smart Insights. Available at: https://www.smartinsights.com/digital-marketing-platforms/google-marketing/google-micro-mo ments/ [Accessed 8 Sep. 2022]. Nelson, G. (2019). Zero Moment of Truth: What is it, and is it still relevant? [website] Available at: https://www.lambagency.com.au/blog/managing-digital/zero-moment-of-truth. Think with Google. (n.d.). Shopping trends and behaviours for marketers. Think with Google [website] Available at: https://www.thinkwithgoogle.com/intl/en-ssa/consumer-insights/consumer-trends/shopping-tren ds-and-behaviours/ [Accessed 8 Sep. 2022]. Image credits Brandrick, C. (2021). ‘Customer journey mapping: Making sales buyer-centric’ | SEC. [image] Sales Enablement Collective. Available at: https://www.salesenablementcollective.com/customer-journey-mapping-making-sales-buyer-cen tric/. Copyright Red & Yellow Creative School of Business Do not copy or share Business2community.com. (2022). [image] Available at: http://cdn2.business2community.com/wp-content/uploads/2013/12/Trifecta.png [Accessed 8 Sep. 2022]. McKinsey (2009). ‘The Consumer Decision Journey’. [image] McKinsey & Company. Available at: https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/the-consumer-d ecision-journey. Mobile Mob. (n.d.). ‘Steve Jobs on Marketing: Strategy Lessons from Apple’s Marketing Genius’. [online] Available at: https://mobilemob.com.au/blogs/news/steve-jobs-on-marketing-strategy-lessons-from-apples-m arketing-genius [Accessed 8 Sep. 2022]. Pattytalksdigitalcomms.blogspot.co.za. (n.d.). ‘Patty Talks Digital Comms!’ [image] Available at: http://pattytalksdigitalcomms.blogspot.co.za/2011_04_01_archive.html [Accessed 8 Sep. 2022]. Smart Insights. (n.d.). ‘Convert.’ [image] Available at: https://www.smartinsights.com/convert/. Superbalist. (2014). ‘Online Shopping | Buy Shoes, Accessories & Fashion Online’ | Superbalist. [image] Available at: https://superbalist.com/. Textbroker.com. (n.d.). ‘Paid, Earned, Owned Media - simply explained’ | Textbroker Glossary. [image] Available at: https://www.textbroker.com/paid-earned-and-owned-media. Think with Google. (n.d.). ‘Zero moment of truth (ZMOT) decision-making moment’. [image] Available at: https://www.thinkwithgoogle.com/marketing-strategies/micro-moments/zero-moment-truth/. Copyright Red & Yellow Creative School of Business Do not copy or share