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'Eye Spy Growth: How To Get the Most From Your Media' at Mumbrella's Retail Marketing Summit 2023

  1. Optimising cross-channel interaction for greater effectiveness More muscle for your media
  2. Now in its 7th year of reporting, The Benchmark Series seeks to challenge common assertions around what works and doesn’t work in media. Working with Academia, it identifies how the various attributes of video advertising deliver growth for advertisers. In association with Prof Jana Bowden of Macquarie University, and Kantar Research, the 2023 edition of Benchmark investigates how media work together and how certain media are crucial for other media to be effective. The Benchmark Series 2
  3. Underpinning this report is… meta analysis of 179 campaigns measured using CrossMedia methodology … across all product categories 179 Food And Drink Household Products Personal Care Financial Services Airlines Car Rentals Leisure Telco Utilities Small Medium Large Based on market share and brand awareness … brands of all sizes … campaigns at different spend levels Overall an average per campaign spend of 5.3 million ~180K Survey responses giving us a robust framework for understanding campaign driven brand impact 3
  4. Media-driven brand impact Regardless of the communication objective, most ad campaigns have an impact on brand. However, the size and style of brand impact differs by task, as does the media combinations that drive the best impact. COMMUNICATIONS TASK Generally broad reach media Generally targeted audiences DEFAULT MEDIA BRAND FUNNEL BRAND AWARENESS Top of mind; buzz; familiarity BRAND IMAGERY & ASSOCIATIONS Features; benefits; quality; convenience BRAND MOTIVATIONS Uniqueness; Meets Needs; Affinity; Advocacy; Endorsement BRAND CONSIDERATION Intent to buy Creation of brand awareness and demand for the product Consolidating brand imagery, messaging, consideration Converting brand awareness 4
  5. TV delivers strong impact on its own but also sets up other media to perform The impact each media channel has is a combination of the effect is can generate if it were to run on its own (solus effect) and the multiplier effect it is has when it runs in combination with other media (interaction effect). 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% Total TV Digital Display Social OOH Print Radio YouTube Other Video Solus Interaction Total TV delivers 2X the solus impact of the 2nd medium and ranks #1 on delivering the most interaction impact 20% higher than the second medium All metrics (average across KPIs) – Impact Per Channel Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear 5
  6. The contribution that solus vs interaction effects have can then be compared across channels to provide insight into how they best operate in driving effectiveness 66% 64% 50% 40% 74% 42% 51% 71% 34% 36% 50% 60% 26% 58% 49% 29% Total TV Digital Display Social OOH Print Radio YouTube Other Video Solus Interaction All metrics (average across KPIs) – Share of Impact from Solus vs Interaction Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear Substituting high solus impact channels for these low solus impact channels may lead to weaker effectiveness outcomes 6
  7. For brand building awareness campaigns, Total TV’s impact is even greater than the next best channel, and the ratio of impact derived from solus is extreme 0.0% 0.5% 1.0% 1.5% 2.0% Total TV OOH Total Digital Display Social Radio Print YouTube Other Video Solus Interaction Total TV delivers 2.5X the solus impact of the 2nd medium on awareness and ranks #1 on delivering the most interaction impact 13% higher than the second medium Awareness – Impact Per Channel Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear Awareness campaigns can often run on high reach media without needing as much campaign integration 7
  8. Awareness – Share of Impact from Solus vs Interaction The top 2 performing channels for building brand awareness have dramatically different reliance on other media… 73% 45% 69% 55% 47% 73% 57% 68% 27% 55% 31% 45% 53% 27% 43% 32% Total TV OOH Total Digital Display Social Radio Print YouTube Other Video Solus Interaction Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear While OOH is the second best channel for creating awareness, its less than half that of Total TV, and relies heavily on the multiplier effect of other media to realise its full potential. 8
  9. For brand conversion and campaigns designed to drive consideration the best performing media differ to those that drive awareness. The one constant however, is Total TV which again generates the strongest impact 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% Total TV Digital Display Social OOH Total Print Radio Other Video YouTube Total TV delivers 1.8X the solus impact of the 2nd medium on consideration and ranks #1 on delivering the most interaction impact 26% higher than the second medium Consideration – Impact Per Channel Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear 9
  10. Apart from Total TV, other best performing media for brand conversion (Social, OOH, Radio) all heavily rely on other media to derive their effectiveness 63% 64% 40% 36% 78% 34% 75% 48% 37% 36% 60% 64% 22% 66% 25% 52% Total TV Digital Display Social OOH Total Print Radio Other Video YouTube Consideration – Share of Impact from Solus vs Interaction Source: Kantar CrossMedia Database 179 campaigns, Total TV includes BVOD and Linear Regardless of communication objective, campaigns need to ensure the channel mix is not overloaded with synergy-reliant media and balanced with high reach, standalone channels and complementary synergy touchpoints 10
  11. What differences do we see based on the industry sector?
  12. This report includes 4 industry verticals…. Alcohol Fast Food Retailers F&D Consumer Packaged Goods 47 Campaigns Food and Drink Alcohol Fast Food Retailers F&D Consumer Packaged Goods Personal Care Household items 75 Campaigns Consumer Packaged Goods Banking Superannuation 34 Campaigns Financial Services Financial Services Telco Utilities Airlines Car rentals 47 Campaigns Services 12
  13. AWARENESS Financial Services Services CONSIDERATION Source: Kantar CrossMedia Database, financial services = 34 campaigns, Services = 47 campaigns 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV OOH Social Radio Display YouTube Other Video Print Interaction Solus 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV OOH Radio Display Social Other Video YouTube Print 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV Print OOH Display Social Radio YouTube Other Video 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV Print OOH Social Radio Display YouTube Other Video Sector differences – Finance and Services 1. TV is a strong awareness and consideration driver for services ranking #1 on delivering the most impact. The ability to build stories at scale in the absence of physical product cues is an advantage of this channel 2. TV delivers a huge amount of impact on it’s own but also helps to set up the effects of other media. 3. Print is the next best channel for conversion, and operates with very little need for campaign interaction to derive an effect 4. OOH also features strongly but is reliant on other media to see its full potential 13
  14. AWARENESS 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV OOH Display Radio Social Print YouTube Other Video 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV Social OOH Display Print Radio YouTube Other Video Interaction Solus Food and Drink Consumer Packaged Goods CONSIDERATION 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Radio OOH Total TV Display Social YouTube Other Video Print 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Total TV Social Print OOH Radio Display YouTube Other Video Source: Kantar CrossMedia Database, Food and Drink = 47 campaigns, Consumer Packaged Good = 75 campaigns Sector differences – Food/Drink and CPG 1. TV is a strong awareness driver for F&D and CPG campaigns ranking #1 on delivering the most impact 2. TV also plays a key role in driving consideration particularly for CPG campaigns. However in the F&D space we see that Radio and OOH also work well as natural medium for impulse F&D brands and these OTG categories. 3. Whilst OOH features strong in the F&D space and Social for CPG larges shares of their impact is coming from interaction effects 4. Driving consideration tends to require a well executed cross- channel plan for maximum success 14
  15. What are the best media combinations for each industry sector?
  16. FOOD & DRINK TV is a top contributor for Food and Drink media multipliers – connectedness with other media is especially crucial for TV in driving consideration AWARENESS 36% of impact on awareness comes from interaction effects Top Interaction Contributors Top Pairings with TV CONSIDERATION 25% 21% 16% 15% 10% OOH Total Total TV Social Radio Digital Display 52% of impact on consideration comes from interaction effects Top Interaction Contributors Top Pairings with TV 21% 19% 16% 14% 13% Radio OOH Total Social Total TV Digital Display OOH, Social and YouTube can amplify Awareness alongside TV TV & OOH TV & Social TV & YouTube TV & Digital Display TV & YouTube TV & Radio TV currently works well with Digital and Radio to build consideration but TV could potentially work harder with OOH to drive effects Source: Kantar CrossMedia Database, 47 campaigns 16
  17. CONSUMER PACKAGED GOODS TV plays a strong role in tandem with other media to drive Awareness and Consideration in the CPG category, with OOH and Social also playing key roles AWARENESS 35% of impact on Awareness comes from interaction effects Top Interaction Contributors Top Pairings with TV CONSIDERATION 25% 22% 19% 11% 9% Total TV OOH Total Social Radio Digital Display 50% of impact on Consideration comes from interaction effects Top Interaction Contributors Top Pairings with TV 21% 19% 18% 12% 12% Social TV Total OOH Total Radio YouTube Source: Kantar CrossMedia Database, 75 campaigns TV & OOH TV & Social TV & YouTube OOH, Social & YouTube act as the most prominent reinforcers of Awareness with TV TV & Print TV & Social TV & Digital Display Print and Digital channels complement TV best to drive Consideration 17
  18. SERVICES For services in general, TV again tops media interaction impacts – OOH, Radio, and Digital channels also aid multiplier effects AWARENESS 37% of impact on Awareness comes from interaction effects Top Interaction Contributors Top Pairings with TV CONSIDERATION 27% 20% 17% 15% 11% Total TV OOH Total Radio Social Digital Display 45% of impact on Consideration comes from interaction effects Top Interaction Contributors Top Pairings with TV 28% 20% 16% 16% 14% Total TV Radio OOH Total Digital Display Social Source: Kantar CrossMedia Database, 47 campaigns TV & OOH TV & Radio TV & YouTube TV & Social TV & OOH TV & Digital Display Radio can work well using audio cues to tie back to TV communication along with OOH and YT Social, OOH and Display advertising help cement consideration in conjunction with TV 18
  19. Scan here to get the full research deck... 20
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