#ignitionone

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Inside the marketing tech company IgnitionOne rises and falls 2020 IgnitionOne was a former digital marketing pioneer who sold part of its business to Zeta Global and Publicis Media in November, a victim of ongoing Adtech and Martech consolidation.

[retailtouchpoints]

Why Your Online Marketing Strategy Needs To Cater To Millennials And Gen Z

By Christopher Hansen, IgnitionOne

In 2019, Gen Z will surpass Millennials as the most populous generation, comprising roughly 32% of the population. Since the birth of the Internet, brands have looked to Millennials for advice on the latest trends and influences. But with the influx of Gen Z, brands must now revamp their marketing strategies to cater to both generations.

Neglecting to look at the world through the lens of a Millennial or member of Gen Z will lead to the slow death of a brand. Online advertising in the form of social media — and even in more blunt tactics such as remarketing — creates truly addressable and trackable collective experiences. While this may make some large brand marketers squeamish, online is where everything is consumed for the rising generations. And it’s where brands need to exist to make their voices heard.

Reaching and engaging with different audiences is where online advertising truly excels. Marketers afraid to experiment and innovate are more at risk by trying to reach these generations with a broad message on traditional channels, instead of targeting them with personalized ads based on available data about them and their friends. Today’s customers aren’t watching “must-see” network programming, but these programs are most definitely advertising their favorite brands: Starbucks, not McDonald’s or Wendy’s, and Glossier, not L’Oréal or Maybelline. Instagram can target truly based on the interests of their tribe — and they are acutely aware of it.

The Power Of Social Advertising For Gen Z

Gen Z spends an average of 2 hours 43 minutes a day on social media. All of Gen Z’s population have grown up with technology and are comfortable with sharing their lives online. They want their network to engage with their content and live in a world where a ‘like’ is equivalent to a compliment in real life (IRL). In order for marketers to successfully engage with this group, it’s important to be equally relevant both online and offline — hence, the power of social advertising.

The biggest distinction for the Gen Z generation is that they want their favorite brands to stand for something. We’ve seen it with Nike and Colin Kaepernick. Airbnb and the ‘We Accept’ campaign. P&G’s ‘Like a Girl’ and ‘We See Equal’ initiatives. This audience responds better when the brands they favor are speaking out on social media on the social issues that affect their communities, through online advertising. But the biggest point to remember is the message must be truthful. Gen Z customers are discerning, and can easily sniff out a brand’s disingenuous messaging. Moreover, not only will they call out a brand for hypocrisy or a contrived marketing scheme, but they may likely band together to boycott the brand.

Similar to how groups of customers can be segmented into generational audiences, so can companies. As e-Commerce continues to dominate shopping habits, direct-to-consumer (DTC) companies have sprouted in droves. These companies excel not only at social media engagement but at online advertising and owning customer relationships, specifically targeting Gen Z. Brands like Casper, Warby Parker and Dollar Shave Club are working with influencers to drive the brand message, and are creating seamlessly integrated ads. The DTC model reflects the Gen Z way of marketing: know your audience and create a genuine connection with them.

The Millennial Advantage: Online And Offline

Whereas Gen Z has grown up with technology and the Internet, Millennials have lived in a world before it existed. They understand how traditional marketing and advertising works, whether through a direct mail or TV ad. Millennials are also slower to post their lives on social platforms, averaging 6 hours and 19 minutes on social media each week. Employed Millennials between the ages of 25 and 34 spend 6.4 hours a day checking their email, while more than a third check their work mail before leaving the bed.

Because of this distinction, marketers must cater to understand how to directly connect with Millennials outside of social platforms. Yes, they exist on social, and yes, they want to connect with brands there. But they also value a personalized email blast or anything that demonstrates that you understand their interests.

Additionally, Millennials tend to value the relationship and experiences that brands are creating. They love to participate and are candid about their feedback. As a brand, it's important to create an outlet for a Millennial to connect, either through a social media contest or a product review. La Croix is a great example of a brand that is bringing the product into a social conversation. By asking customers to tag their Instagram photos with #lacroix, the brand is creating a one-to-one connection with its fans.

Putting It All Together 

There are more insights into target audiences than ever before. Marketers know exactly how customers are engaging with social content and which types of ads or messages lead to purchases. Millennials and Gen Z are telling marketers exactly what interests them, across the platforms they use the most. Instagram and Snapchat ads work because it’s where these customers are.

If marketers are not targeting Gen Z and Millennials with personalized online ads based on what you know about them and their friends, on the social platforms they’re using, you risk being completely left behind. Consumers live in a digital era. These audiences are unlikely to respond to a broad message delivered in a TV commercial or on the side of a highway.

As Gen Z continues to attract and retain media attention and drive social media usage, savvy brands should tailor their online advertising strategies to stay ahead of the curve. As for Millennials, with their over $1 trillion in purchasing power, it’s vital for marketers to speak to this generation’s interests and needs.

Christopher Hansen is the Chief Operating Officer of IgnitionOne, where he leads corporate operations and strategy. With over 20 years of executive management experience, Hansen previously was Chief Product Officer, leading the product development of IgnitionOne's Customer Intelligence Platform. Hansen has held various leadership positions including President of IgnitionOne's display business, Netmining, and SVP of Performance Media at 360i, where he helped lead the sale to Dentsu Aegis Network. Prior to joining 360i, Hansen led Direct Marketing at 24/7 Media (now Xaxis), and also managed the 24/7 Advertising Network, helping to grow the network's revenue yield and advertising inventory. He holds a BA in Political Science and Art History from Syracuse University.

[retailtouchpoints]

The ‘Cart Abandonment’ Epidemic: Retailers’ Need For A Swiss Army Approach To E-Commerce

By Kelly DeRosa, IgnitionOne

In 2016 alone, retailers lost an eye-watering $4.6 trillion to abandoned merchandise in online shopping carts. The retail landscape is constantly evolving, and the rise of digital shopping coupled with the noise of the customer’s cross-channel journey raises the stakes. Converting customer interest expressed in online channels into purchase is the agenda of every marketing plan, yet the rate of cart abandonment still stands at nearly 79% on average. Below are several ways retailers can market more effectively to engage their customers and reduce cart abandonment.

Effective Remarketing Shouldn’t Compromise UX

Not all channels are created equal. Although mobile devices account for over half of all traffic in e-Commerce, often the online shopping experience is not optimized for mobile. Smaller screens, slow load times and interface designs that are difficult to navigate are contributing factors to higher cart abandonment rates on mobile devices. Retail marketers need to be conscious of these factors to be able to adapt their remarketing tactics for maximum impact on each channel. For example, retail marketers might use overlays or other triggered interactions to alert an apparent cart abandoner of an unpurchased item in their cart as a remarketing tactic on desktop. On mobile, these messages might prove to be more cumbersome and distracting, and deter customers from seeing their purchase over the finish line. Marketers should prioritize a seamless shopping experience and leverage remarketing tactics that enhance the experience in order to ensure customer satisfaction and build brand loyalty.

Personalizing The Product, Personalizing The Process

Through leveraging big data and analyzing customer behavior and intent, retailers can better understand shoppers’ motivations — before going to discount. Too often, retailers assume that cart abandonment is because the price was too high and they rush in with a discount offer. 

In reality, customers often abandon their carts because they aren’t completely satisfied with the selected item, or because the checkout process isn’t efficient enough. Retail marketers should utilize product recommendation engines to provide shoppers with alternative options that might better suit their needs and preferences. Retailers should also streamline the shopping experience across digital channels, giving customers the opportunity to complete purchases through whatever channel they prefer.

When deploying an omnichannel strategy, it’s essential to acknowledge ever-changing customer preferences. Messaging should be fine-tuned across every channel through email, social, search and display remarketing to re-engage the would-be cart abandoner, build brand affinity and overall increase ROI. 

Persistence Counts

Frequent and reinforced messaging is important, but the right messaging is paramount. In display, frequency capping is the norm, but what might feel like messaging inundation is not always received as such. Some retailers may find that their conversion rates actually increase after 10, 15 or 20 impressions. Shoppers — particularly cart abandoners still weighing a purchase — need repeated reminders and encouragement to complete a sale. Indeed, 3 out of 4 people notice ad retargeting and through repeated exposure, there’s a real opportunity to build and solidify the brand-consumer relationship.

In the midst of the so-called “retail apocalypse,” marketers are seeing first-hand the significance that an omnichannel approach can have in driving results. By leveraging customer data and integrating machine learning to better predict customer behavior and preferences, marketers can more effectively engage shoppers with personalized offerings. Retailers that successfully tackle the phenomenon of cart abandonment and convert even a small portion of those sales will see all the difference on the bottom line.

Kelly DeRosa is IgnitionOne’s Director, Retail Strategy, where she works directly with retailers to identify strategic priorities in their digital media. DeRosa has been with IgnitionOne for the past eight years and helped shape the programmatic team. IgnitionOne focuses on intelligent audience creation, real-time cross-channel scoring and robust optimization. With a global footprint and hundreds of employees in 10 countries, IgnitionOne is one of the largest independent marketing technology companies in the world, currently scoring over 300 million users monthly in 75 countries and powering more than $60 billion in revenue each year for leading brands including General Motors, CenturyLink, La Quinta and Acer, as well as advertising agencies such as 360i, GroupM and Zenith Media.

[losigiand]

IgnitionOne: We've Solved the Major Mobile Marketing ChallengeCMSWireMarketers rely on cookie-based attribution technology to gain insight about customers on desktops. But they need better sources of information on mobile — and New York City-based IgnitionOne claims it can help. I...

IgnitionOne: We've Solved the Major Mobile Marketing Challenge - CMSWire http://ift.tt/1IbxXCI via IFTTT

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IgnitionOne: We've Solved the Major Mobile Marketing ChallengeCMSWireMarketers rely on cookie-based attribution technology to gain insight about customers on desktops. But they need better sources of information on mobile — and New York City-based IgnitionOne claims it can help. I...

IgnitionOne: We've Solved the Major Mobile Marketing Challenge - CMSWire http://ift.tt/1AD7Sch via IFTTT

[losigiand]

IgnitionOne: We've Solved the Major Mobile Marketing ChallengeCMSWireMarketers rely on cookie-based attribution technology to gain insight about customers on desktops. But they need better sources of information on mobile — and New York City-based IgnitionOne claims it can help. I...

IgnitionOne: We've Solved the Major Mobile Marketing Challenge - CMSWire http://ift.tt/1B1IQ89 via IFTTT

[losigiand]

IgnitionOne: We've Solved the Major Mobile Marketing ChallengeCMSWireMarketers rely on cookie-based attribution technology to gain insight about customers on desktops. But they need better sources of information on mobile — and New York City-based IgnitionOne claims it can help. I...

IgnitionOne: We've Solved the Major Mobile Marketing Challenge - CMSWire http://ift.tt/1y5vrJU via IFTTT

[losigiand]

IgnitionOne: We've Solved the Major Mobile Marketing ChallengeCMSWireMarketers rely on cookie-based attribution technology to gain insight about customers on desktops. But they need better sources of information on mobile — and New York City-based IgnitionOne claims it can help. I...

IgnitionOne: We've Solved the Major Mobile Marketing Challenge - CMSWire http://ift.tt/1A4jbaK via IFTTT