Back to the drawing board
After several complaints from ad buyers throughout this year about faulty measurements, Facebook has started letting third-party auditors verify its numbers, and the findings have been a bit discouraging.
After using the new auditing capabilities, some agencies have discovered that viewability rates on their Facebook video campaigns are as low as 20-30%, far below the average viewability rate for video ads on websites.
According to The Media Rating Council, the industry standard for video viewability requires a minimum of 50 percent of a video ad’s pixels to be in view for two continuous seconds.
Other industry authorities such as Unilever and GroupM required 100 percent of the video player to be viewable, with half the ad viewed with the sound on, without autoplay.
This comparatively low performance by Facebook video ads worried many media agency ad executives who are now planning to reassess their branding campaign budgets to account for cost-for-viewable impression.
Many suspect the social media network’s numbers to be even lower than 20%, expressing concerns that verification companies like Integral Ad Science and Moat cannot access the platform quickly enough to make accurate calculations.
They view this as unfair, as many agencies are pouring money into what appear to be fruitless endeavors and empty promises.
While sometimes Facebook’s numbers are substantially higher than the standard, this only points to the drastic inconsistency in Facebook ad performance, and there’s no apparent pattern for under or over-reporting.
So what is viewability?
There are two elements of viewability.
The first is whether the ad is seen by a human.
The second is whether it can be seen on a website or app. When it comes to being seen by humans, Facebook scores 99%. However, the percentage of the video played in each view is where the trouble lies: one agency reported only 22 percent of its videos were played in view.
Not a new problem
Facebook’s ad viewability in general has been a topic of concern since last December at a Nomura conference, when Drew Huening from Omnicom stated their own tests revealed Facebook display ads had not reached the minimum industry standard of 50 percent visibility in a browser window for one whole second.
According to Huening, people scroll through their News Feed too quickly, especially now that everyone has mobile devices.
More than two-third of marketers in the U.S. currently run Facebook video ads, but due to these rising concerns regarding viewability, advertisers are uncertain whether they should be investing as much marketing spend in Facebook.
Some agency executives think that in order to challenge Facebook on these subpar metrics, advertisers must band together to push for enforcement of third-party verification.
But is it really such a big deal?
Others don’t view the numbers as particularly troubling, arguing that all they demonstrate is how Facebook functions as a platform. Facebook is most effective for reaching large audiences with relevant content.
Video ads though?
Not so much.
“Brand awareness,” these experts argue, can be built with repeated exposure and minimal impression duration.
The main takeaway? Facebook ads, and social media ads in general, are fleeting by nature–they rely upon platforms designed for instant gratification and constant optimization.
This doesn’t mean they aren’t worth investing in.
It just means marketers should strategically consider how much to invest in Facebook ads relative to other mediums. In today’s digitally connected world, appearing in a prospect’s news feed even for a second is better than not appearing at all.
Spruce up your product images with Glorify (just in time for Black Friday!)
(BUSINESS MARKETING) Want professional, customizable product images for your company? Consider Glorify’s hot Black Friday deal.
Glorify, the app that creates high converting, customizable product images for your business, is offering a lifetime deal for $97 this Black Friday. In just a few clicks, you can transform one of Glorify’s sleek templates into personalized, professional-looking content – and now, you don’t have to pay that monthly fee.
Whether your business is in electronics, beauty, or food & drink, Glorify offers a range of looks that will instantly bring your product images to the next level. With countless font styles and the ability to alter icon styles, shadows and other elements, you can access all the perks of having your own designer without the steep price.
In 2019, Glorify was launched – the app was soon voted #2 Product of the Day and nominated for Best Design Tool by Product Hunt. Since then, they have cultivated a 20k+ user base!
Glorify 2.0, which was launched last week, upgrades the experience. The new and improved version of the app is complete overhaul of intuitive UI improvements and extra features, such as:
- background remover tool
- templates based on popular product niches and themes
- design bundles for your website/store, social media
- annotation tool
- upload your brand kits and organize your projects under different brands
- 1 click brand application
- & much more!
“But the most important aspect of Glorify 2.0, is that it comes with a UI that sets us up for future scalability for all our roadmap features”, said CEO of Glorify Omar Farook, who himself was a professional graphic designer.
Farook’s dream was to provide a low-cost design service for the smaller businesses that couldn’t otherwise afford design services. Looking through reviews of the app, it’s evident that Glorify does just that – it saves the user time and money while helping them to produce top-notch product images for their brand on their own.
Glorify is one of the many new design-based apps that make producing content a breeze for entrepreneurs, such as Canva. As someone who loves design but doesn’t have the patience for Creative Cloud, I personally love this technology. However, Glorify is unique in that it is the only product-driven design app. All you have to do is upload your photo!
This new Chipotle location will be fully digital
(BUSINESS NEWS) In the wake of the pandemic and popularity of online delivery, Chipotle is joining the jump to online-only locations, at least to test drive.
A lot of industries have switched to an online-only model in the wake of the pandemic. Most of them have made sense; between abundant delivery options and increased restrictions on workers, moving away from the traditional storefront paradigm isn’t exactly a radical choice. Chipotle making that same decision, however, is a plot twist of a different kind—yet that’s exactly what they’re doing with their first online store.
To be clear, the chain isn’t doing away with their existing locations; they’re just test-driving a “digital” location for the time being. That said, the move to an online platform raises interesting questions about the future of the restaurant industry—if not just Chipotle itself.
The move to an online platform actually makes a lot of sense for businesses like Chipotle. Since the classic Chipotle experience is much less centered on the “dining” aspect than it is on the customizability of food options, putting those same options online and giving folks some room to deliver both decreases Chipotle’s physical footprint and, ostensibly, opens up their services to more people.
It’s also a timely move given the sheer number of people who are sheltering in place. A hands-on burrito assembly line is not the optimal place to be in a pandemic, but there’s no denying the utilitarian appeal of Chipotle’s products. To that end, having another restaurant wherein you have the option to order a hearty meal with everything you like—which is also tailored to your dietary needs—is a crucial step for consumers.
Chipotle’s CTO, Curt Garner, says he is hoping this online alternative will offer a “frictionless” experience for diners.
As a part of that frictionless experience, consumers will be able to order in several different mediums. Chipotle’s website and their mobile app are the preferred choices, while services like GrubHub will also be available should you choose to order through a third-party. The idea is simple: To bring Chipotle to you with as little fuss as possible.
For now, Chipotle is committing to the single digital location to see how consumer demand pans out. Should the model prove successful, they plan to move forward with implementing additional digital locations nationwide.
Your business’ Yelp listing may be costing you more than you think
(BUSINESS MARKETING) The pay per click system Yelp uses sounds good in theory, but it may be hurting small businesses more than helping.
We all know Yelp – we’ve probably all used Yelp’s comment section to decide whether or not that business is worth giving our money to. What you might not know is how they are extorting the small businesses they partner with.
For starters, it’s helpful to understand that Yelp generates revenue through a pay per click (PPC) search model. This means whenever a user clicks on your advertisement, you pay Yelp a small fee. You never pay Yelp a cent if no one clicks on your ad.
In theory, this sounds great – if someone is seeking out your product or service and clicks on your ad, chances are you’re going to see some of that return. This is what makes paying $15, $50, or even $100 a click worth it.
In practice, it’s not all it’s cracked up to be. When setting up your Yelp account, you are able to plug in keywords that correspond with your business. For example, owner of San Francisco-based Headshots Inc. Dan St. Louis – former Yelp advertiser turned anti-Yelp advocate – plugged in keywords for his business, such as “corporate photographer” and “professional headshots”. When someone in the Bay Area searches one of those terms, they are likely to see Headshots Inc.’s Yelp ad.
You are also able to plug in keyword searches in which your ad will not appear. That sounds great too – no need to pay for ad clicks that will ultimately not bring in revenue for your business. In the case of Headshots Inc., Dan plugged in terms such as “affordable baby photography” and “affordable studio photography”, as his studio is quite high-end and would very likely turn off a user who is using the word “affordable” in their search.
How Yelp really cheats its small business partners is that it finds loopholes in your keyword input to place your ad in as many non-relevant searches as possible. This ensures that your ad is clicked more and, as a result, you have to pay them more without reaping any of the monetary benefits for your business.
If you plugged in “cheap photography” to your list of searches in which your ad will not appear, Yelp might still feature your ad for the “cheap photos” search. As if a small business owner has the time to enter in every single possible keyword someone might search!
In the case of Headshots Inc., Dan ended up paying $10k in total ad spend to Yelp with very little return. Needless to say, he is pissed.
So what does this mean for you if you use Yelp for your business? If you don’t want to completely opt out of Yelp’s shenanigans, try these 3 tips from Dan:
- Try searching some potential irrelevant keywords – are your ads showing up in these searches?
- Do your best to block the irrelevant keywords. It’s impossible to get them all, but the more you do the more money you will ultimately save.
- Keep an eye on the conversation rate on your profile – does more clicks mean more client inquiries? Make sure Yelp isn’t sending low-quality traffic to your profile.
Ultimately, it’s about protecting your small business. Yelp is the latest in big tech to be outted for manipulating individuals and small businesses to up their margins – a truly despicable act, if you ask me. If you don’t have tens of thousands of dollars for ad spend, then either boycott Yelp or try these tips – your company may depend on it.
Business News2 weeks ago
Planet 13, the largest cannabis dispensary, is about to get a whole lot bigger
Social Media2 weeks ago
Twitter insights to engage more customers this holiday season
Tech News2 weeks ago
Chatbots: Are they still useful, or ready to be retired?
Opinion Editorials2 weeks ago
Want your employees to perform better? Focus on engagement
Tech News2 weeks ago
Want to email spam your spammers? Here’s a silly, petty solution
Social Media2 weeks ago
This non-judgmental app can help you switch to a plant-based diet
Business Finance2 weeks ago
7 ways spending habits have changed since COVID-19
Business Entrepreneur2 weeks ago
Is COVID encouraging teachers to join edtech startups?