The Impact of Analytics on Monetization and Content Creation PDF

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The Impact of Analytics on Monetization and Content Creation By Rebecca Bennett Written August 2, 2015 The legacy model of how consumers get through commercials was to either mute them or change channels in what is known as ‘channel surfing.’ But the ideas of what to do with this space in time is evolving. The market trend is driving towards consumer choice on when and how they watch creative and commercial content. The new emerging model is exemplified by Pandora in what I call ‘The Pandora Model.’ ‘The Pandora Model’ gives consumers the option to listen to the commercials or to do a sponsorship activity in order to go adfree for one hour. This model is allowing consumers to have more freedom in how they spend their commercial breaks. Additionally, the format of the sponsored listening ad product is an engagement activity, which is highly desired by advertisers. When consumers choose to do the activity, they are expecting to engage, hence the meaning of “activity.” The user is primed to engage because they accepted the invitation. Even though they have the option to immediately continue on to listening to their music after the video ad, they feel they signed on to engage and so most first time users will. Second and third time users may be privy enough to know they can skip the actual activity once they sat through the video. But regardless, when presented with an interesting activity, users engage. The sponsorship activity gives the consumer an opportunity to drive their own learning about the product/service, rather than just hold our ears hostage. Both the consumer and advertiser win because it gets the consumer to actually pay attention yet they don’t have to listen to any more commercials for a whole hour giving them more time to enjoy the content. ‘The Pandora Model,’ no doubt, is setting the stage for the future of advertising. Content providers will likely adopt this model of consumer choice for breaks as the new industry standard and even take it a step further and leverage social media and Dynamic Ad Insertion (DAI). Consumers may soon have the choice of bypassing a regular roll of commercials and choosing between either expressing their opinion on specified products/services/brands or may have their choice on the types of commercials they watch.

Transcript of The Impact of Analytics on Monetization and Content Creation PDF

The  Impact  of  Analytics  on  Monetization  and  Content  Creation  By  Rebecca  Bennett  Written  August  2,  2015  

 The  legacy  model  of  how  consumers  get  through  

commercials  was  to  either  mute  them  or  change  channels  in  what  is  known  as  ‘channel  surfing.’  But  the  ideas  of  what  to  do  with  this  space  in  time  is  evolving.  

 The  market  trend  is  driving  towards  consumer  choice  on  when  and  how  

they  watch  creative  and  commercial  content.  The  new  emerging  model  is  exemplified  by  Pandora  in  what  I  call  ‘The  Pandora  Model.’  

 ‘The  Pandora  Model’  gives  consumers  the  option  to  listen  to  

the  commercials  or  to  do  a  sponsorship  activity  in  order  to  go  ad-­‐free  for  one  hour.  This  model  is  allowing  consumers  to  have  more  freedom  in  how  they  spend  their  commercial  breaks.    

 Additionally,  the  format  of  the  sponsored  listening  ad  product  is  an  

engagement  activity,  which  is  highly  desired  by  advertisers.  When  consumers  choose  to  do  the  activity,  they  are  expecting  to  engage,  hence  the  meaning  of  “activity.”  The  user  is  primed  to  engage  because  they  accepted  the  invitation.  Even  though  they  have  the  option  to  immediately  continue  on  to  listening  to  their  music  after  the  video  ad,  they  feel  they  signed  on  to  engage  and  so  most  first  time  users  will.  Second  and  third  time  users  may  be  privy  enough  to  know  they  can  skip  the  actual  activity  once  they  sat  through  the  video.  But  regardless,  when  presented  with  an  interesting  activity,  users  engage.  The  sponsorship  activity  gives  the  consumer  an  opportunity  to  drive  their  own  learning  about  the  product/service,  rather  than  just  hold  our  ears  hostage.  Both  the  consumer  and  advertiser  win  because  it  gets  the  consumer  to  actually  pay  attention  yet  they  don’t  have  to  listen  to  any  more  commercials  for  a  whole  hour  giving  them  more  time  to  enjoy  the  content.      

‘The  Pandora  Model,’  no  doubt,  is  setting  the  stage  for  the  future  of  advertising.  Content  providers  will  likely  adopt  this  model  of  consumer  choice  for  breaks  as  the  new  industry  standard  and  even  take  it  a  step  further  and  leverage  social  media  and  Dynamic  Ad  Insertion  (DAI).  Consumers  may  soon  have  the  choice  of  bypassing  a  regular  roll  of  commercials  and  choosing  between  either  expressing  their  opinion  on  specified  products/services/brands  or  may  have  their  choice  on  the  types  of  commercials  they  watch.    

 During  any  given  commercial  break,  media  content  providers  may  soon  be  

able  to  give  consumers  the  option  to  bypass  traditional  commercial  rolls  and  to  leave  their  opinion  on  social  media  sites  on  one  out  of  select  advertisers  instead.  If  consumers  do  not  have  an  opinion  to  share  on  the  select  advertisers,  then  they  could  choose  to  watch  the  commercials  instead,  however,  they  could  select  which  commercials  they  want  to  watch  based  on  what  they  plan  on  purchasing  in  the  near  future.  This  latter  approach  leverages  the  opportunity  of  consumers  sharing  what  they  are  interested  in,  and  as  a  result  would  see  only  relevant  commercials  that  would  more  likely  close  a  sale  than  any  traditional  

commercial  roll.  This  is  the  new  direction  of  micro  targeting  that  totally  blows  open  the  doors  of  audience  insight  into  market  trends,  confidence,  and  forecasts.    EXAMPLE  A  

For  example,  let’s  say,  at  the  start  of  my  break  of  watching  my  favorite  show,  I’m  presented  with  these  options:    

• Do  you  use  “Swiffer?”  (Yes/No)  or  • What  else  are  you  shopping  for?  

 In  scenario  one,  let’s  pick  the  first  option  and  answer  (Yes).    I’m  then  asked:  

     

 

• What  do  you  like  about  Swiffer?  (POST)  • What  would  you  improve  about  Swiffer?    

If  on  a  computer  or  tablet  platform,  I  could  begin  typing  my  answers  in  either  of  the  textboxes  provided.  When  I  click  submit,  my  recommendation  on  “Swiffer”  would  be  posted  to  the  advertiser’s  social  media  profile  as  well  as  mine  that  I  set  up  and  agreed  to  share  on  when  I  signed-­‐on  for  my  

content  provider’s  service.  The  latter  survey  question  would  get  submitted  directly  to  “Swiffer”  as  customer  feedback.                

If  I  was  watching  from  my  TV  or  mobile  device,  instead  I  would  be  given  multiple-­‐choice  options  to  select.  

 • What  do  you  like  about  Swiffer?  (POST)  

o “I  like  how  good  my  house  smells  afterwards!”  o “I  like  how  light-­‐weight  it  is!”  

 • What  would  you  rather  improve  about  Swiffer?  

o “Add  a  tab  that  sticks  out  so  you  can  grab  and  peel  away  pad  without  getting  fingers  dirty.”  

o “Create  more  scents.”  

 Advertisers  could  provide  content  providers  a  greater  list  of  multiple  choice  that  can  be  rotated  through  so  that  way  they  don’t  get  “It’s  quick  and  easy  to  clean  with”  posted  1  million  times  on  their  social  media  sites.  

 But  let’s  say  I  answered  “No”  to  “Do  you  use  “Swiffer?”  in  scenario  one.  Instead  I  might  be  presented  with  options  such  as  these:  

• What  do  you  like  about  Swiffer?  (POST)  “It’s  quick  and  easy  to  clean  with”  

• What  would  you  improve  about  Swiffer?  “Would  like  have  an  easier  way  to  discard  the  cleaning  pads  without  touching  them”    

• Learn  more  about  how  I  can  get  a  cleaner  house  • Why  don’t  you  use  “Swiffer?”  

(TV/mobile  platform  options:)  o “I  use  another  product  I’m  happy  with”  o “I  prefer  something  more  affordable”  

(Computer/tablet  platform  option:)  • What  would  you  improve  about  Swiffer?  

 I  can  either  click  on  the  first  option  and  sit  through  a  video  ad  that  will  inform  me  about  how  “Swiffer”  can  help  me  and  then  participate  in  an  optional  engagement  activity  afterwards  or  I  can  let  “Swiffer”  know  why  I’m  not  using  their  product  in  their  simple  survey.  

 EXAMPLE  B  Now  starting  over,  for  scenario  B,  let’s  say  at  the  start  of  my  commercial  break  I  picked  option  two,  “What  else  are  you  shopping  for?”        

From  here  I  might  be  presented  with  a  list  of  questions  asking  what  I  may  be  shopping  for  in  the  near  future  and  would  select  a  minimum  of,  let’s  say,  three:  

• Are  you  planning  a  home  improvement  project?  • Are  you  planning  on  making  a  large  purchase  soon?  • Are  you  looking  for  a  new  car  soon?  • Looking  for  someplace  to  travel?  • Looking  for  a  restaurant  for  your  next  date  night?  

 Based  on  your  selections,  a  custom  ad  roll  would  stream  for  you  based  on  what  would  really  apply  to  you.    

o Are  you  planning  a  home  improvement  project?  [aka  Home  Depot]  o Are  you  planning  on  making  a  large  purchase  soon?  [aka  Quick  Loans]  • Are  you  looking  for  a  new  car  soon?  [aka  BMW]  • Looking  for  someplace  to  travel?  [aka  Sandals]  o Looking  for  a  restaurant  for  your  next  date  night?  [aka  Cheesecake  

Factory]        

   

   As  you  can  imagine,  the  opportunity  for  creating  custom  ad  rolls  per  viewer  

that  can  either  inform  the  viewer,  provide  feedback  to  the  advertiser  or  build  brand  reputation  through  social  media  posts  is  where  we  are  headed  in  the  future,  if  not  the  next  5  years.