Ads in disguise? This digital media platform helps brands do just that!

Friday: Collaborate and Innovate

As an independent professional, it’s important to know the different techniques you can apply in order to increase awareness of your brand.

By finding the right tools and frameworks for your brand you can help optimize your performance and set your projects up for success.

Given today’s digital landscape, there’s a need for your brand to advertise online. However, due to the abundance of distracting and annoying-rather-than-interesting ads online, your audience has likely taken the extra step to disregard and even block these ads.

To find out how one online platform helps brands promote their products or services through Native Advertising read the article below which I’ve found insightful and motivating.

I hope you find this week’s social media spotlight helpful as you work to build your online presence.

Miles Everson
CEO, MBO Partners
Chairman of the Advisory Board, The I Institute

 

Collaborate and Innovate

Create. Adapt. Extend.

Connect with a global audience of over 520 million.

Publish content that your target market will read, view, and act on…

…all with the help of this digital media platform.

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BuzzFeed, Inc. is a New York-based news and entertainment company with a focus on digital media.

Its network includes:

— BuzzFeed Originals that contains all its articles, quizzes, and videos.

— BuzzFeed Media Brands for its portfolios on its lifestyle brands like Nifty, Goodful, As/Is, and Tasty.

— BuzzFeed Studios, which creates the company’s original contents across broadcast, cable, film, and digital platforms.

— BuzzFeed News that covers its news reportage and investigative journalism.

— BuzzFeed Commerce, which establishes and improves products, experiences, licensing, and other partnerships.

How does BuzzFeed play its role in bridging the gap between brands and its target market?

Through Native Advertising!

In 2018, BuzzFeed started working with its clients to develop products for its audience, particularly young people and millennials.

These clients would pay BuzzFeed to design the product advertisement and market it as a native ad.

Native Advertising is the use of paid ads that follow the look, style, and function of the social media platform in which they appear.

Contrary to display ads or banner ads, native ads do not really look like an ad. They appear as if they are part of the editorial flow of a page.

For BuzzFeed’s, these ads take the form of posts, videos, quizzes, and other types of content that are found on their website.

Wondering how this type of advertising can increase your organization’s online visibility?

According to Outbrain.com, one of the world’s leading web advertising platforms, native ads are non-disruptive, as it “exposes the reader to the advertising content without sticking out like a sore thumb.”

Here are a few more reasons why you should try native advertising:

— People see it. Consumers look at native ads 53% more than the standard display ads or banner ads. Native ads have also registered an 18% higher lift in consumers’ purchase intent.

— Native ads fight ad fatigue. When people get bored from seeing ads, they simply stop paying attention—they sometimes even place ad blockers on sites they visit! With native ads, brand exposures are cloaked in editorial content, so people won’t tire out. As long as your ad content is interesting and useful, people will keep engaging with it!

— Native advertising fools nobody! In a Stanford University study, researchers discovered that consumers are well aware that they are consuming a form of advertisement, but it still has an impact on their purchasing behavior.

Since native ads seem like regular content, here’s how you’ll be able to spot one:

“In Feed” Ads

These are ads that usually appear on your social media news feeds. You’ll spot them as the ones with “Sponsored” tags on the upper left corner of their posts.

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Search and Promoted Listings

These are the ads you see at the top of your Google search results.

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Content Recommendations

These ads take the form of recommended articles below the article you just read.

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Here are two examples of brands that partnered with BuzzFeed through native advertising:

1. Volkswagen

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To target financially confident modern sedan drivers, the German automotive company partnered with BuzzFeed to promote the Virtus sedan.

The goal was to put emphasis on the experience and adventure the new car model could offer.

In order to do this, the BuzzFeed team created one “A Day in the Life” post while driving the newly released Volkswagen Virtus, highlighting the best places to go to and the best people to meet in Sao Paulo, Brazil.

Four “Bring Me” editorial videos and three “Bring Me” co-branded videos were also created.

The videos were posted on BuzzFeed’s website as native ads.

After the campaign, Volkswagen recorded an 89% in its Innovation Attribute Rating, which determines the rate of an adoption of an idea. This is 9% higher than their estimated 80%.

The native ads also garnered 34.2 million total impressions, 11.4 million total views, and over 214,000 total engagements.

2. American Express Canada

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This card company partnered with BuzzFeed to promote its new American Express Cobalt credit card to young professionals in Canada.

The credit card was specifically designed by AMEX Canada to cater to the social lifestyle of a generation whose spending habits reveal a passion for food, travel, and entertainment.

Card holders will be rewarded for every purchase they make. They can earn as much as five times the points on eligible eats and drinks, while the card’s two-time accelerator covers all things on eligible travel and transit.

In order to spread awareness and convince the target market to avail the new card, BuzzFeed highlighted the features of the card by dining at eligible restaurants and using it for eligible travel.

After the campaign, American Express Canada recorded an eCPV (effective Cost Per Visit) of $0.06, which is 41% more efficient than their initial target.

Its total engagements also reached 8.8 million impressions (in Canada alone), over three million video views, more than 21,000 comments and reactions, and over 7000 shares.

The BuzzFeed Impact: By tapping on BuzzFeed, these brands were able to…

REACH their target market and raise awareness of the products and services they offer.

Maintain ACTIVE VIEWERSHIP through the BuzzFeed community.

Create REAL INTENT, driving real results for their business.

Reaching your target audience doesn’t always have to be doing what the other professionals do.

If you want to promote yourself through an ad…

Be creative! Do something extraordinary, like disguising your ad as regular content that people would be interested in.

Try this form of advertising and see the results it will yield!

Hope you’ve found this week’s insights interesting and helpful.

Stay tuned for next Friday’s Collaborate and Innovate!

Miles Everson

CEO of MBO Partners and former Global Advisory and Consulting CEO at PwC, Everson has worked with many of the world's largest and most prominent organizations, specializing in executive management. He helps companies balance growth, reduce risk, maximize return, and excel in strategic business priorities.

He is a sought-after public speaker and contributor and has been a case study for success from Harvard Business School.

Everson is a Certified Public Accountant, a member of the American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. He graduated from St. Cloud State University with a B.S. in Accounting.

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