Shoppable Video - The Fastest Growing Digital Ad Format
Last week, Smartzer took on DMEXCO, Europe’s largest congress trade fair for the digital industry and it was big, really big. With about 40,000 delegates attending, there was a vast amount of stands to see and talks to listen to, and we just about managed to fit it all in.
To kick things off, the highlight of our trip was definitely presenting to the tour of WPP Delegates and VIP Clientele on the Unruly stand on Wednesday morning. During our presentation, we were able to demonstrate the true power of Shoppable video and illustrate why it is one of the fastest-growing digital ad formats in 2019.
Special thanks to Unruly for hosting us in their amazing stand!
Aside from our own demonstration here are our key take-homes from the talks we managed to slip into:
Video Ads - time to get serious
One of the best talks we attended was definitely the ‘Video Ads - Time To Get Serious’ Panel hosted by David Berkowitz. David was joined by an all-star panel that included:
Norm Johnston, CEO at Unruly
Jannika Bock, Director Client Solutions, Central Europe at Google
Irina Petriceck-Steiner, General Manager Operations EMEA at SpotX @ smartclip
Patrick Fischer, Chief Business Officer at OneFootball
Jim Piercy, Group Creative Director at The Trust
The discussion was really flowing throughout the panel and the audience was met with a few heated debates.
Relevance is Key
Faced with the question of the state of Personalisation, the group collectively redefined the true meaning of Personalisation to the user as Relevance. From the Unruly perspective, delivering relevant ads to relevant people online has become a powerful solution for brands and agencies in order to drive effectiveness online.
Bring that idea to YouTube however and they would argue that not only do brands have to consider relevance to their users, but also, when adapting creative to formats, they have to be cautious not to force anything into the wrong place. With so many different formats out there at the moment, it’s hard to keep up and each format suits different types of messaging. For example, 6 second YouTube Ads might be effective for an extra piece of brand awareness but they would struggle on their own to drive more down the funnel campaign goals such as evaluation and purchase.
Not only do brands, therefore, have to think about where their content would be most relevant in order to achieve a powerful emotional reaction with their audience, but they also need to think about what format best suits their creative. The question therein lies therefore for the platforms and advertisers to have a complete understanding of what formats drive which outcomes.
Top 3 Quotes:
“85% of current online video ad consumption with is with sound off”
“Most people ignore ads as ads ignore most people”
“Tools don’t make bad creative good creative”
New Age of Digitisation - Henkel x Numberly
Clyde Araujo, Global Senior Manager Customer Experience and CRM at Henkel at HenkelX
Thibaut Munier, Co-founder and COO at Numberly
Often integrating 1st party data with marketing strategies has been a challenge for brands in the past, however, it seems everywhere you look over the marketing industry data is becoming easier to integrate. When it comes to CRM, the challenge currently lies with converting the value of the CRM data into data onboarding platforms, media platforms and retailers. Through utilising their CRM data with Numberly, Henkel has now made precision marketing a reality.
Discussions about data aside, one of the big take-homes from our perspective was Henkel’s fantastic approach to fostering relationships with start-ups and innovations in media. Clyde Araujo, Global Experience and CRM Strategist at HenkelX pointed out their process as follows:
Concept Development - 3 Months
Promising Concept Checkpoints:
Value Creation Plan
Fit for Henkel
Fit for Market
Build MVP - 9 Months
Valid Proposition Checkpoints:
Ability to go to market
Clear monetisation plan
Ability to be integrated with eCRM
Proven Demand Checkpoints:
Growth in revenue contribution
Growth in consumer base
Growth in retention rates
Expand - 2 years
Winning Model Checkpoints:
Large Customer Base
This process enables Henkel to build, test and learn with organisational rigor and agility and from an up and coming technology company like ours’ perspective, it’s great to see.
DMEXCO was truly a blast. We met some fantastic companies and scores of talented professionals. Until next year!