Publicité
Publicité

Contenu connexe

Similaire à Ad effectiveness 2.gap(20)

Publicité
Publicité

Ad effectiveness 2.gap

  1. Measuring and Improving Ad Effectiveness
  2. What Drives Advertising? Creative $ Spend • All advertising consistsof two elements 1. The “noise” or penetration of the ad event, driven mostly by the level of spend or GRPs 2. The copy, creative or message, which convinces the customerto buy
  3. Advertisers • Invest millions to “copy test” ads in order to assess the relative effectiveness of ad creative or copy • Yet, there has been little work to integrate these copy test data into a measurement framework that links these test scores to brand sales • Bottom-Line Analytics/Global Analytics Partners have partnered with a key copy test partner, Advertising Benchmark (ABX), for the purpose of bringing disruptive change to the science of advertising measurement • What if we could incorporate advertising copy test scores into marketing-mix models for the purpose of measuring and monetizing ad creative?
  4. How this is Done • Bottom-Line Analytics/GlobalAnalyticsPartnersand ABX havejoined to work together to fulfill an innovativevision: that is to combine for purposes of developingsystems and toolsfor monetizing and measuring the impact of advertising creative and providing a 360 degree view of advertising effectiveness based on validatedbrandrevenue. • By embedding copy-test scores within a marketing-mix model architecture& measurement framework, ABX’s copy test scoring system is uniquelyable to help validate& monetize copy test scores. Ad Creative 1 Ad Creative 2 Ad Creative 3 Ad Creative 4 Net Total GRP 76 112 144 89 ABX Index 110 97 132 88 Net Score 8,360 10,864 19,008 7,832 13,265 ABX Index 110 97 132 88 Awareness 16% 18% 19% 16% Message 20% 15% 20% 15% Reputation 13% 20% 10% 17% Relevance 18% 17% 17% 17% Likeability 15% 13% 19% 19% Call.to.Action 18% 18% 16% 16%
  5. Visualize the ABX Copy Test System • The 360 degree view • Measuring all ads • All Channels • All competitors • With deep diagnostics • Validated and Monetized via predictive analytics • Disruptive: Cheaper, Faster, Deeper and Better • Following is a sample from one selected brand
  6. The Result: Way Too Many Bad Ads Good Ads Underperforming Ads 6
  7. 360 Degree View: ABX Benchmarks EVERY Ad So You Know What Works • ABX provides a consistent metric for 14 KPIs that applies across every media type measuring ad effectiveness for: building awareness communicating key messages generating a call to action enhancing reputation Likeability • Each ad is evaluated by a minimum of 150 GenPop respondents from a representative and well-balanced consumer panel via the internet • The sample is broadened to include target audience criteria. • Results are available within 24-48 hours of the launch of the ad in the marketplace 7
  8. The Interviewing Experience • All interviews are collected using our patent-pending visual ‘ocular’ survey system. • The ‘ocular’ survey insures every respondent is presented with the same interviewing experience. • ‘Ocular’ interface creates an improved ‘interviewing experience’ leading to greater engagement versus traditional “text based” surveys. 8
  9. What ABX Measures  14 key inputs  2 consumptionmetrics  Level of category usage (Frequent, Regular, Occasional, None)  Level of media consumption (all media; same frequency breaks)  Geographic data  4 census regions  Demographic data  Gender, Age, Education, HHI Brand Linkage (Ad Recall) Clear Benefit FeelAbout Advertiser Better Worse No Different Relevant Like to See Again Contact Company Awareness Messaging Reputation Relevant Likeability Call to Action Easily Understood Like Visit Website LookFor Product Purchase Product Recommend Product Talk to Someone About it None/Any ABX Data is comprisedof Dislike Awareness Messaging Reputation Relevant Likeability Call to Action ABX Data is comprisedof Awareness Messaging Reputation Relevant Likeability 9
  10. AD ID Advertiser ABX Index Brand Linkage Clear Benefit Easy to Understand NPS Any Action Contact Company Visit Website Look for Purchase Recommend Talk to Someone Relevant Like to See Again Like Dislike Vs. All Ads 127 120 110 111 156 142 59 101 184 211 103 80 160 130 82 31 Vs. Category 116 109 107 107 146 125 61 76 139 217 100 81 142 123 85 37 Vs. Medium 131 117 115 118 169 148 60 98 187 227 113 88 168 142 91 33 101212197 Note: • “Reputation”is net of “better” minus “worse” • “Any Action” is one or more calls-to-action,highlightedinyellow • Arrow-highlighted data goes into current ABX Index calculation • ABX data has beencorrelated to advertiser outcomes, such as sales or website traffic andhas beenshown to significantly improve market mixmodels • ABX results are highly correlated with legacy copy test providers ABX Score The Advertising Benchmark Index (ABX) ABX Index can be customized based on the unique combination of factors found to correlate with specific Client or campaign success! 10
  11. Red Bull Ads Scores Not So High among General Population & Competitors Normative
  12. But Red Bull Ads Score High among Target Millenials Normative
  13. Red Bull TV Ads Score High among Target General Population Normative ABX’s timeliness enables effective copy rotationand buildsmore effective advertising
  14. High-Scoring Television Ad – GenPop & Deep Diagnostics
  15. High-Scoring Television Ad – Millennials & Deep Diagnostics
  16. Lower-Scoring Television Ad – GenPop & Deep Diagnostics
  17. Average-Scoring Television Ad – Millennials & Deep Diagnostics
  18. Dirty Little Secret about Conventional Ad Copy Testing • Too expensive – ABX testing costs atleast 75% less than conventionalad testing services (~$25K per test) • Too Slow – 48 hours instead of 2-3 weeks turnaround • Too limited with respect to media channels – All channels including Outdoor and Digital/Online • Limited in benchmarking to competitors – ABX provides all competitors’ testdata for benchmark comparison • No linkage to brand performance – BLA can impute ABX copy test scores in Marketing-Mix Models to validate and measure copy creative impact • Not actionable – Timeliness permits effective copy rotation and significantly improves copy impact Cheaper, Faster, Deeper + Better
  19. Using the ABX Index with Marketing-Mix Models to Measure Creative Impact
  20. Incorporating the Creative Element into Marketing Mix Models • Focusing management attention toward the creative process and execution – Monetizing the creative element – Measuring how creative drives growth and brand performance • Providing explicit diagnostics of the 6 elements of the advertising creative • Tangible metrics and tracking will drive significant improvement of ad creative over time
  21. Marketing-Mix Decomposition 63 22 6 9 15 Baseline Customer Experience All Media GRPs All Media Creative This model separates the investmentimpact from the advertising creative contribution
  22. Marketing Variance Growth Impact -2.1% -1.9% -1.2% -0.9% 0.1% 0.5% 0.9% 1.6% 2.4% -2.5% -2.0% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% Radio Creative Retail Price TV Creative Digital Creative TV Spend Digital Spend Radio Spend Baseline Retail Penetration And measure the full effect of ad creative on brand growth Radio Creative Retail Price TV Creative Digital Creative TV Spend Digital Spend Radio Spend Baseline Retail Penetration In 3 out of 4 cases, advertising problems are due creative problems and not from Insufficient ad investment.
  23. We will be able to quantify the relative importance of creative versus the level of ad investment 0 50 100 150 200 250 50 60 70 80 90 100 110 120 130 Sales Activity Index Sales Response Media GRPs and Creative GRPs ABX-ICreative
  24. And for each ad, quantifying each creative element 0 10 20 30 40 50 60 70 80 Radio Ad 1 Radio Ad 2 Radio Ad 3 TV Ad 1 TV Ad 2 TV Ad 3 Spend Creative.Awareness Creative.Message Creative.Reputation Creative.Relevance Creative.Likeability Creative.CTA
  25. The Value Proposition • Strategic advantage: Full valuation of the marketing message & creative • Effective copy rotation over time will significantly improve creative execution • Copy quality will improve over time • Knowledge of which creative element is most important for each ad will help improve creative development • Managed improvement relative to competitors becomes a competitive advantage • Stimulating accelerated business growth
Publicité