Today on the Federated site, I’ve posted a preview of something we’re working on for a Fall release. I’m cross posting a portion of it here, as I know many of you are interested in media and data-driven marketing.
It’s no secret that Federated Media has deep roots in content marketing: We re-imagined CM for the modern web eight years ago, and since then have executed thousands of content-driven programs with hundreds of awesome publishers, services, and brands. “All Brands Are Publishers” has been one of our core mantras since our founding. And each year we run the CM Summit, where the topic of native, content, and conversation-driven marketing across all digital platforms is dissected.
Back when I was first studying the intersection of brand marketing and technology – about the same time as The Search and the founding of FM – I started talking and writing about “The Conversation Economy.” Its core theme is this: “In the future, all companies must learn how to have 1-1 conversations with their customers at scale, leveraging digital technologies.”
Back then, actually executing on such an idea seemed a pipe dream. Recall, this was before Twitter, before Facebook, and before the Lumascapes. But one reason I love this industry is that we can dream big, and a few short years later, those dreams can become reality.
With the proliferation of “native” platforms like Twitter, Google, Facebook, Tumblr, and blogs, the idea of “branded publishing” has truly caught on. Every major agency (and publisher) has a brand storytelling shop, some have gone so far as to declare publishing to be central to their future. This is a very good thing – the massive infrastructure of media and marketing is slowly reshaping itself to become more nimble and responsive to how the world actually communicates.
But storytelling alone isn’t enough to get the job done. As an industry we need a platform that allows us to distribute those stories to just the right people, at just the right time, in just the right context. Up until recently, the only platform that allowed that kind of precision was search – hardly a great story telling medium for marketers, and driven by direct response dollars, in the main.
In the past few years, programmatic adtech has erupted onto the scene, but again, this technology platform has been used primarily for direct response. Programmatic’s rise has in large part been driven by “retargeting” – the practice of identifying a customer who visits your site, then finding him or her across the web and serving ads related to what they saw during their visit. Retargeting is now a core conversion tool for sophisticated direct marketers. It’s why that pair of shoes you looked at on Zappos keeps following you around the web.
Two years ago, we developed a thesis at FM: Programmatic adtech was going to drive brand marketing, and the bridge between the two would be content marketing. That’s why we bought Lijit Networks, one of the largest independent adtech companies in the United States. We believed then, and even more so now, that programmatic + content marketing = brand building.
While direct response is important, building brand awareness, preference, and loyalty remains a fundamental need. Brands need a scaled way to tell their stories to the right people in the right context. In the past 18 months, “scaled walled gardens” like Facebook land Twitter began to offer native advertising suites that offered just that promise (Tumblr offers a similar promise, one Yahoo! believes it can deliver upon).
But what about the “rest of the Internet”? While it’s fun to try out new “native” sites like Buzzfeed, the web wants a scaled play in “content marketing” that also checks the boxes of efficiency and highly evolved targeting.
Well, we’d like to introduce you to FM’s newest product suite, which (for now) we’re calling “Content Reachtargeting.” Internally, we like to refer to this effort as the “Reese’s Peanut Butter Cup” of marketing – you have your chocolate of high-quality content mixed with the peanut butter of programmatic retargeting. A perfect combination.
(To read more about it, head over the FM site….)
6 thoughts on “Great Content, Meet Great Targeting (And Reach)”
Hi John, Congratulations. This is exciting for FM, and I recall you hinted at it during the last CM summit during the convo with Fred.
I’m having a tough time imagining what this will look like from a consuming-user point of view, i.e on the receiving end. The Curve ID video is cleverly made, and it is hooking to watch, but can you point to more examples?
Dummied down, is this like a 2nd coming of advertorials, but they are online, on steroids, on social, in chunks, in multi-media, in multi-size, via programmatic and micro-targeted?
Plus, the big assumption is that you’ve got good/accurate data about me so you can target me effectively.
I’m also a little worried there is a risk that some will attempt to do this badly, and it might ruin it for the rest of the market who will do it right.
There will always be bad ads, alas. But the idea is to present good branded content relevant to you, in branded units across the web as you are on other sites.
True, although as blogging lowered the barriers of publishing, so will this lower the barriers of “Ad writing”. (one could argue that Google AdWords was a precursor to self-made ads)
Will you be focused on the FM network only, or trying to go outside bi-directionally?
Both, though focusing on FM network first.
I wrote my thoughts here, mentioning what you are doing with FM. Please have a look and feel free to comment:
The Advertising Model is Roaring: 6 Companies Defining Its Future
Thanks very much!