Video ads grounded on accurate strategies and insights are an important key point for companies that want to reach their marketing goals. Findings obtained by numerous studies seem to collaborate this statement. According to statistics for the year 2017; 55 percent of all digital device users watch online videos on a daily basis. Moreover, it is no secret that users watching video ads are more prone to purchasing items compared to those that do not watch video ads. Besides these facts, studies reveal that companies including video ads in their marketing plans for the year 2018 are at a level of 65 percent.
In light of these data, it might simply be concluded that, being one of the rising trends in digital advertising, video ads are highly effective in increasing sales and brand recognition. And what’s more is that the video ad model -along with all these benefits- is finding its way more and more into marketing budgets of advertisers with each passing day. Nonetheless, there are also advertisers that don’t experience these advantages of video ads. At this point, it would be of great use to define the common grounds of failing video ad campaigns and to perform the necessary improvements.
That being said, what might be the common mistakes that lead advertisers to failure while preparing the video ads?
Digital advertising ecosystem keeps adapting itself in the light of new developments and trends. This situation leads the way for the diversification of online marketing terminology. Sometimes it’s not so easy to follow all these changes and become familiar with each term, but it’s especially important for advertiser brands to be able to master the digital advertising jargon.
On the other hand, in the ever-developing digital advertising world, confusion about concepts is a frequently encountered situation. But it is undoubtedly pretty critical to know the exact meanings of terms, and the links and differences between them for a successful campaign.
When it comes to digital advertising, the most highlighted terms are impressions, clicks, CPC, CPM and PPC. Here are the meanings of these terms and the fundamental differences between them…
Cross-device targeting has been a hot topic in advertising for the past few years. Marketers embrace a more holistic audience view and want to target, measure or engage a single person across all their digital devices. The reason for this attention is the increase in the number of consumers who use multiple devices at the same time.
According to a March 2016 survey by Econsultancy, 75% of marketers in North America mentioned “matching customers across multiple devices” as digital priority. Only 14% of the marketers in the same survey said that their company can handle such matching, indicating a gap of 60 pts between digital priority vs capability.
In a world of rapidly increasing multi-screen usage, 360-degree view of the consumer has become crucial for effective marketing. Marketers want to be in touch at key points on the customer journey. In order to do this, they must be able to map people across their devices. For example, a consumer can make product search from his/her tablet, then makes the purchase from his/her laptop and makes no action for that product from his/her smartphone. If there is no cross-device targeting identification capability; these three devices will be treated as three different users and digital marketers will target three different users with different digital marketing strategies. They may recommend the same product that the consumer already purchased from laptop which will lead to inefficient campaign management.
So, cross-device identity management is at the core of data-driven advertising. Most digital marketing companies take the data they have and use an algorithm to map users. The advertising companies that are strong in data-driven advertising will have a competitive advantage in this process.