Smart Market: Vol. 6 Data-Driven Marketing, Demystified Efficiency, Effectiveness, and Precision Building Brands with Programmatic Advertising Programmatic Gets Personal For years, programmatic advertising has been considered too robotic and impersonal to be an effective brand-building tool. But improved technologies and techniques are making it possible for brand marketers to take advantage of programmatic’s reach and efficiency without losing the personal touch that connects brands with their customers. This edition of Smart Market shows you how a well-planned and well-executed programmatic campaign can help your brand reach a wider audience, without losing the connections that set you apart. 4 How Programmatic Buys Build Brands 7 Deep Data Detection 11 Programmatic Measurement for Brands 14 The Practical Approach to Programmatic 16 The Big Finish Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 2 Reach and frequency haven’t always equaled impact. Until now. Building your brand means influencing the things your audience thinks about when they think about you. Effectively connecting your brand with your customers means interacting with your audience naturally—having conversations with them at the times and places they choose, on the topics most relevant to them. Pssst. Traditionally, programmatic advertising has been considered an effective tool for reaching large groups, but too blunt an instrument for brand marketers. Effective brand building is a conversation. And that requires a lighter, more personal touch. Today’s programmatic advertising—let’s call it 2.0—delivers the accuracy and precision needed to provide that personal touch: Unprecedented control over platform and context, incredibly accurate targeting, and of course, massive reach. It’s like having the ability to talk to a specific group of friends at a party, as opposed to jumping on a table with a megaphone. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 3 How Programmatic Builds Brands Get personal in unexpected ways. HOW PROGRAMMATIC BUYS BUILD BRANDS Programmatic Has Long Promised Brand Marketers Reach, Frequency, and Impact With the right approach and execution, today’s brand marketers find it’s ready to deliver. Planning is key to any successful brand campaign—and the same thing goes for programmatic brand advertising. By designing your campaign to reach your brand’s most coveted prospects, you can ensure that your campaign will achieve its goals. REACH Programmatic’s breadth gives you the power to reach a wider audience, more efficiently. It’s also a good way to reinforce brand loyalty among your current audience, and introduce yourself to untapped markets via channels and websites you may not have used in the past. As some consumers migrate entirely to digital media—ahem, millennials!— there are audiences that traditional media no longer cover. Increasing your reach can get your message in front of prospects your current media mix may be missing. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision Think of your brand as a dinner party: The best ones always have an eclectic mix of people on the guest list. 5 HOW PROGRAMMATIC BUYS BUILD BRANDS FREQUENCY Programmatic now gives you the ability to fine-tune your campaign’s frequency to specific audiences, so you’re able to meet customers on their terms, without the risk of under- or oversaturation. You can also adjust frequency by time of day and medium, delivering a display ad to a consumer’s laptop in the morning, an in-app ad later in the day on her phone, and another ad in her Facebook feed as she scans her tablet in the evening. When it comes to programmatic, brand building is like dieting: It’s all about portion control. A large food manufacturer recently found that its customers are more responsive to two or three exposures to brand advertising than they are to higher or lower frequencies. IMPACT Programmatic data turns brand builders into expert hosts. You always know exactly what to serve your guests and when. Brand engagement, affinity, and loyalty are based on how a customer views your brand—fundamentally, your customer has to trust you. Well-planned, well-executed programmatic doesn’t just shove an ad in front of your customer, but employs context and control to help you engage in ways that are better than just non-intrusive—they’re actually helpful, allowing you to establish and maintain trust. Today’s programmatic options can make it cost-effective for a brand to engage with a single customer across different platforms in engaging, customized ways. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 6 Deep Data Detection Uncover customer insights. Then start a conversation. DEEP DATA DETECTION The first rule of branding? Know your audience. Today, that’s easier than ever. The programmatic marketplace opens the door to a wide range of data solutions that can help you understand your audience before a campaign, and analyze its response to your brand afterward. If you already take a data-driven approach to brand marketing, you know how to leverage data in a way that will help you connect with your customers. (If you don’t, you’re about to find out.) Programmatic gives you access to a whole new world of data from third parties ready to customize solutions that meet your audience-development needs. And when we say audience, we don’t mean women 18 to 34. We mean the unique audience segments that matter most to your business: the people most likely to respond to the unique message at the heart of your brand. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision FOCUSED ON PRIVACY? Top-tier programmatic organizations work with third-party partners to remove all personally identifiable information (PII) about customers f rom first-party data. All customers are assigned a unique identifier so marketers can follow them along their brand journey while respecting their privacy and the privacy laws unique to their respective country or region. 8 DEEP DATA DETECTION Knowledge Is Power Here are a few ways programmatic data can help you reach your ideal audience and strengthen your brand: Demographic: Traditional targeting, based on (for instance) age, gender, income, and ethnicity Behavioral (BT): Based on a consumer’s historical web-browsing behavior, marital status, number of children, etc. Contextual: Serves your brand ad units alongside relevant content (and avoids non-relevant content), meeting your audience in their areas of interest Day-Parting: Allows targeting based on your customers’ work and life routines (e.g., by serving your coffee brand’s ads first thing in the morning) Geotargeting: Reach consumers in a particular geographic area; allows dynamic display of local product inventories, for instance Viewability: Based on the percentage of an ad unit that is actually viewable to the end-user. (The industry standard is 50%.) Purchase-Based (PBT): Based on offline purchase history; can be used to establish trends and pursue conquests (e.g., people who bought your competitor brand’s shoes might be interested in yours) Retargeting: Based on a customer’s prior interaction with your site or brand; useful for reinforcing your brand messaging to your audience or driving awareness Site: Based on the type or theme of a site publisher Private Marketplace (PMP): Enables access to high-impact inventory at negotiated rates Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 9 DEEP DATA DETECTION TURN CASE STUDY Customer Data + Programmatic = All-Terrain Brand Performance On a quest to know what made their drivers’ pulses quicken, a major German automaker enlisted Turn to determine who scoped out the sedan vs. who craved the crossover. CRM data was gathered from loyal customers and compared against third-party customer loyalty data to develop the clearest possible portrait of the brand’s perfect customer. Some findings were intuitive, but not all. Unsurprisingly, the automaker found that sedan drivers were younger, while families tended to buy the bigger car. But research always unearths surprises. This time was no different. First, the automaker found their SUV owners were far more likely to own skis. Which meant the creative—and the media supporting it—needed a decidedly wintery edge. More interestingly, the research found that sedan owners were more likely to use Android™ phones by a multiple of 3 to 1. The marketing team had been touting iPhone® compatibility in all of its campaigns—now they knew their message had been falling flat a whopping 75 percent of the time. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision The creative team moved quickly to rework its messaging around Bluetooth®—rather than iPhone®—integration, while the flexibility of programmatic allowed the automaker to deal with changing conditions on the fly. Well-executed programmatic marketing provides granular insight that helps brands course-correct instantly and keep pace with their customers. 10 Programmatic Measurement for Brands Measure. Learn. Repeat. PROGRAMMATIC MEASUREMENT FOR BRANDS Measure, Learn, and Adapt on the Fly Digital advertising offers a different set of metrics for marketers to measure, one that gives brand builders a whole new set of tools to use—even mid-campaign. Take a look at the data programmatic puts at your disposal: Brand Metric What It Does in Programmatic REACH Delivers post-campaign insight into where your audience is now. If it skews toward a particular age, gender, and/or income, consider creating new segments to increase reach. GROSS RATING POINT (GRP) Benchmarks video against (or in tandem with) television. NIELSEN DIGITAL AD RATING (DAR)* Used to verify that media runs in-market aligns with your desired audience, e.g., ensures the “18- to 35-year-old women” you intended to reach are actually 18- to 35-year-old women. BRAND LIFT Assesses shifts in customer awareness and perception of a brand, often via customer survey. VIEWABILITY: PRE- & POST-BID Measures viewability before and after ad impressions are served. “Pre-bid” helps ensure a higher portion of viewable ads, while “post-bid” confirms that ads served were, in fact, viewable. COST PER COMPLETED VIEW (CPCV) The video-specific complement to GRPs as a measurement of campaign success. CLOSED-LOOP STUDIES Provides a view of the entire customer life cycle, from first brand interaction to final purchase, whether in-store or online. * Formerly known as Online Campaign Rating (OCR), and comScore validated Campaign Essentials® (vCE) Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 12 PROGRAMMATIC MEASUREMENT FOR BRANDS Beyond the Box: How Programmatic Video Measures Up to TV More and more consumers in every demographic are watching video online, which means every brand campaign has something to gain from well-executed programmatic deployment in this space. Here are a few ground rules for putting programmatic video to work for your brand: Take a page from the television playbook. Measure, optimize, and repeat. Put your brand where your audience is. Geography and lifestyle targeting are just as important on video as they are on TV. As audiences move seamlessly from laptop to smartphone to tablet, meet them where they are. Do your customers stream video on their desktops during the day, and mobile devices at night? A thoughtful programmatic strategy takes an intelligent approach to day-parting and strengthens your brand 24/7. Audience planning is important, but it’s not enough on its own. Programmatic marketing gives you the opportunity to measure results mid-flight and optimize on the fly. See a top-performing placement? Add resources. Something not working? Pull the plug. Working with your DSP helps you stay on top of what’s working, what isn’t, and what’s next. Choose the high-impact publishers you know your audiences trust, and secure guaranteed placement on their sites. Private marketplace (PMP) deals get you in the door at pre-negotiated rates for prominent placement. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 13 The Practical Approach to Programmatic Set your goals, manage your media mix, and take advantage of opportunities. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 14 THE PRACTICAL APPROACH TO PROGRAMMATIC. Ten Steps to Programmatic Success 01.Keep your eye on the prize. 02.ID your key brand audience segments. Which brand metrics are you looking to impact? Who matters most to your brand? Decide where you want to go before asking “are we there yet?” Develop a detailed picture of your target. 03.Check out your competition. 04.Begin thinking about what’s next for your brand marketing. How do they address your ideal customers? What three things would you change about your brand? Knowing the competition lets you capitalize on their weak spots. You may find you’re able to tackle them sooner rather than later. 05.Establish your priorities. 06.Paint a picture of the digital win. What is your top brand objective—reach, frequency, or impact? How does your brand define success? Structure and adjust your media budget according to priorities. Digital success looks much different than in the offline world. 07.Dig into data collection. 08.Power your advertising with first-party data. Where is customer data collected and how is that intelligence used? Can you integrate CRM or website data for look-alike modeling? This insight can uncover ways to enhance your strategy. Put first-party data to work; it’s the most valuable asset you own. 09.Leverage your trusted data partners. 10.Don’t be a pest. Augment your first-party data with data from third-party providers. How frequently should you re-engage customers? Rounding out your customer view helps build relevant conversations. Use first-party data to find the right balance. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 15 The Big Finish Efficient. Effective. And personalized at any scale. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision 16 PROGRAMMATIC BUILDS BETTER BRANDS Programmatic Is Ready for Primetime For years, programmatic advertising has been considered too blunt an instrument to be an effective brand-building tool. After all, databases are lousy conversationalists. They come on too strong. At the wrong time. Or in the wrong place. It’s a small wonder brand marketers have traditionally turned their noses up at programmatic. But times are changing. Today’s programmatic offerings are technologically advanced enough to allow savvy marketers to monitor and measure campaign performance in real time, see what’s working and what isn’t, and adjust both media and creative on the fly. Brands engage consumers in conversations. Modern programmatic advertising is the most efficient, effective, human way for brand marketers to keep conversation flowing. Smart Market: Vol. 6 | Efficiency, Effectiveness, and Precision Four Ways Programmatic Can Power Your Brand Programmatic advertising is meant to be low-maintenance. But brand campaigns get better results by responding to changing market conditions. 1 2 Blast Tone Generate a spike in awareness before your next direct response (DR) campaign. Prime your desired audience by highlighting key brand attributes and advantages. 3 4 Tweak Maintain Sharpen your brand’s appeal to gain new advantage over competitors. Keep your brand top of mind as your customers’ needs and habits change over time. 17 About Turn Turn delivers real-time insights that transform the way leading media agencies and enterprises make marketing decisions. Our Digital Hub for Marketers enables anonymous audience planning, data centralization, cross-device advertising, and advanced analytics, along with point-and-click access to more than 150 integrated technology partners. Turn is headquartered in Silicon Valley and provides its products and services worldwide. Visit www.turn.com @turnplatform Turn Turn Inc. For more information: Americas Quynh Cline quynh.cline@turn.com +1.650.362.6891 Europe Helen Miall helen.miall@turn.com +44.20.7255.5665 Asia-Pacific Rita Vannithone rita.vannithone@turn.com +852.6087.4576 For press inquiries: Leslie Lee leslie.lee@turn.com +1.646.213.9734 © 2015 Turn Inc. All rights reserved. Turn is a registered trademark of Turn Inc. All services are subject to change or discontinuation without notice. August 2015. Android is a trademark of Google Inc. The Android robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. The Bluetooth® word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. 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