But the battlefields are changing.
There's a constant battle taking place between brands as they move to inhabit a larger share of mind space of current and potential consumers. This battle starts before most consumers ever realize their attention and affection are being fought over, which makes me think of something Irwin Gotlieb, chairman of GroupM, likes to say: "If the first time someone sees an ad for a BMW is when they can afford to buy one, then it is too late." Today, the battle continues, but the battlefields are changing. How so? For more than half a century, the battle has been televised or, more appropriately, it has taken place on television. Fast forward - now, the battle has spread and the fight for the consumer can be found on three unique fronts.
The Living Room
Television is not dead; it is far from it. However, the rise of social media and multi-platform interactivity has transformed the way people consume television. While TV is not dead, it has never been less of the story than it is today. Cables and boxes that deliver a myriad of experiences now control the living room. Brands continue to broadcast their messages into this space, but have more options than ever before. Addressable TV is changing the relevancy and targeted options for advertisers. Smart and social TVs are transforming the consumption patterns of the audience, and devices such as the Xbox are bringing entertainment into the living room while eliminating the over-air broadcast models that advertisers and consumers have used for decades. All of this does not even begin to touch on the introduction of tablets and applications, such as Yahoo's IntoNow, into the living room to enhance the experience. The greatest challenge for advertisers is that while each of these options present advancement over the long-standing model, they do so with multiple models and fragmentation becoming the norm, requiring greater investments in media to be successful.
There can be no further debate about the arrival of mobile devices as a focal point of consumer behavior. In short order, the phone functionality of such devices has become secondary to all of the other smart components available to consumers. There are clear commerce and connectivity plays at hand for brands. Local services continue to be amplified with daily deals and consumer reviews shaping customer engagement. At the least, brands need an immediate mobile strategy that brings their presence from the desktop web forward, but they also need to begin to understand their audience and link experiences across platforms for better campaign connectivity and efficiency.
In the last decade, a rebirth in Detroit has begun based, in no small part, on an embrace of technology as the centerpiece of the automobile experience. Ford has clearly been a leader in the space, but the focus at CES this year saw technology and automotive manufacturers coming together on the usage of technology to enhance and improve the automotive experience. For many brands, the application is still a ways out, but the car as an app environment is closer than most think. Brands have relied on outside influences in advertising, specifically out of home, to reach mobile consumers. Those days are soon to be augmented with a richer, more targeted opportunity to be part of the fabric of a consumer's daily experience inside their vehicle.
The brand battle for consumer consideration is never ending. But, that is not to suggest that the battle itself has not changed. In fact, the landscape has altered significantly with technological advances. With each of the three battlegrounds discussed above, there are opportunities for brands. The true brand warriors will move quickly with measured investment to stake claim in the space. In those actions, consumers will see which brands understand them, and which will show up after the fact to try and buy their affection.
This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) brings together the industry's leading practitioners and marketing strategists to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, this year's comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!
Chris Copeland is chief executive officer of GroupM Next, the forward-looking, media innovation unit of GroupM. Chris is responsible for curating and communicating insight-focused media solutions across established and emerging platforms. Leveraging his multi-year experience with emerging media companies, Chris is tasked with stewarding GroupM Next in partnership with agency leadership from GroupM's four media marketing and marketing service agencies (Maxus, MEC, MediaCom, and Mindshare).
Guiding the Predictive Insights, Technology, Education, Research, and Communications teams at GroupM Next, Chris is responsible for overseeing the amplification of insights into opportunities that directly benefit the business of GroupM agencies and their clients. GroupM is the world's largest media investment management group and the media holding arm of WPP.
Chris was selected to lead GroupM Next after nine years of leading the search marketing practice within GroupM. Among his accomplishments include the development and integration of the global search marketing offering for GroupM agencies, GroupM Search, which manages $1.3 billion in search billings globally and has grown to more than 1,000 search marketing strategists serving 40 countries.
Chris is an active member on advisory boards at the 4A's, Google, Yahoo, MSN, and I-COM. He is a frequent speaker in global forums discussing the digital marketplace, and contributes editorial commentary regularly to Advertising Age, ClickZ, MediaPost, and MediaBizBloggers.com.
The Marketer's Guide to Customer Loyalty
Customer loyalty is imperative to success, but fostering and maintaining loyalty takes a lot of work. This guide is here to help marketers build, execute, and maintain a successful loyalty initiative.
The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.
Wednesday, July 23, 2014