When it comes to video marketing, don't underestimate the power of frequency
In the past, a TV commercial could reach tens of millions of people at the same time. Those times are over.
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Getting startedAugust 31, 2021 5 minutes to read
The opinions of entrepreneurs' contributors are their own.
Television has been the best way to reach the masses for the past 60 years. With a commercial, you could reach a large audience of tens of millions of people. It has been the brand marketers' strongest weapon, and they built their business based on that model.
But this model is gone.
The last time tens of millions of people gathered in front of the TV to watch a show together was when Games of Thrones aired on HBO. That was three years ago. And there was no advertising.
Related: 7 Secrets of Super Successful Video Marketing
Frequency rules the marketing world
The new "F-word" in today's video is "Frequency". Frequency is the "other" element in the equation after TV's gross valuation point (GRP). GRP = range x frequency. This is how the world turns. It's the underrated aspect of the equation. The frequency on television is why you see the same ad so often even when you are not the intended target. That's why I saw the same Chevy Truck commercial even though I'll never buy a Chevy Truck. Publishers or TV stations will run an unlimited ad if it means overcompensating the frequency to meet a guaranteed GRP goal. Frequency is the essential element in a fragmented video ecosystem for marketers today.
Today's marketers need to reconstruct their reach in a very dispersed and diverse video landscape. What makes this even more difficult is that it is extremely difficult to measure this range and frequency on different streaming platforms. Many of these platforms such as Roku or YouTube work in “walled gardens”, which makes measuring across them extremely difficult.
Here the frequency becomes the hero. Once a marketer can put that reach together on the many new platforms and consider the frequency in a thoughtful way (with the right creativity and message), sales will boom. We see it in my Blockboard company. By using the frequency, the audience reacts in the form of registrations, sales, email registrations, app downloads and more.
Frequency is the game changer.
Related: The Ultimate B2B Video Marketing Guide For 2021
The problem of fraud in terms of frequency
There is one more F-word that addresses this challenge as well. That F-word is "fraud". Fraud is a multi-billion dollar problem in video and there are three ways it can get in the way of effective frequency.
First, tracking the frequency of fraudulent data means that the advertiser is not meeting the intended goals and KPIs and in return is receiving incorrect data. The clean coverage and frequency reports that are standard from all programmatic players today make this possible. Multiple middlemen across the video landscape make it impossible to assign responsibilities and the advertiser pays the ultimate price.
Second, by working in silos between linear and digital television, the frequency tends to be high on fraud-free television and then below average in digital television, where fraud is widespread. You can't watch the big broadcasters' network news without being hit by multiple drug advertisements over and over again. This is the epitome of waste. However, when the same ads appear on digital television, they are often very targeted in environments where their spots are skipped and more likely to be overlooked due to fraud.
And finally, the frequency is skyrocketing due to overcompensation from fraudulent premium publishers. A couple of weeks ago I was watching a lot of Olympics on Peacock and the NBC streaming sites. As a viewer, I had to watch the same Toyota advertisements over and over again to see the Olympics. It was a very frustrating experience that eventually put me off these marketers. The marketers are buying into a show that has a limited number of streams and their ad is running at extremely high frequency. This is a problem that was exacerbated by buying digital video directly to the publisher and has been a persistent problem since the dawn of digital video. With the onset of Programmatic, the pendulum has shifted to the opposite extreme with the onset of fraud and has steadily deteriorated over the past 20 years.
At Blockboard, we built our video platform on the blockchain to solve this problem. We use Ethereum, the easiest blockchain system to build, and this allows us to be transparent about all of our work. We validate every single impression run and give our customers access to all of this data. The results have been powerful. Our company sells products, promotes email registrations, and delivers downloads at prices that are above the industry average. By managing this entire distribution across platforms and devices, we can effectively manage reach, frequency and targeting to take into account the advertisers' KPIs (Key Performance Indices). We're defining a brand new category for marketers: Frequency Management Platform (FXP). The “X” stands for cross-platform, as it is important to measure the frequency between the platform and the cable harness. It's all happening now, and it's quick.
So the old is now new again, only this time it's frequency, not range, that's running point.
Related: 6 Ways To Boost Your Video Marketing Strategy
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