San Francisco, CA (PRWEB) January 09, 2012
In a recent survey by Vizu of more than 450 advertising executives, marketers said that they will be allocating nearly 60% of their online budgets to brand advertising in 2012, indicating that spending on online branding may surpass spending on direct response advertising for the first time in the coming year. Some other top line findings from the report:
"These growth predictions are clearly optimistic, but very encouraging nonetheless," says Dan Beltramo, CEO of Vizu, an online ad technology company that enables advertisers and publishers to measure and optimize Brand Lift in real-time. "There’s still more that needs to be done in order to realize those numbers and make online the medium of choice for brand advertisers. I believe that when brand advertisers understand that their online ads can now be measured and optimized using classic offline brand metrics such as awareness and purchase intent, we will see a further growth in their online ad budgets.”
Marketers agreed with Mr. Beltramo. When asked what would lead them to increase spending on online brand advertising:
"These issues are all indicative of a 'metrics morass' in the online medium, which often leads to information overload for brand marketers when trying to determine the efficacy of their advertising,” adds Mr. Beltramo. “In fact, 34% of respondents described themselves as 'drowning in data' when it comes to the online channel."
Brands and agencies are in agreement on which metrics they would like to use to determine the effectiveness of online brand advertising:
The survey also identified several opportunities to improve collaboration between brands and their partners in the digital media ecosystem, and maximize the value of online brand advertising initiatives:
Alignment around objectives:
Alignment around metrics used to measure performance against objectives:
Alignment around metrics used to optimize performance against objectives:
“There are obviously opportunities to improve online brand advertising outcomes by ensuring everyone’s on the same page,” says Mr. Beltramo, “and our customers leverage Vizu’s technology to do just that. The last 10 years was the decade of direct response marketing online, but this will be the decade of online branding, and we’re excited to be a part of that.”
This study, conducted in November and December of 2011, was executed by Digiday and sponsored by Vizu Corporation. Download the full report here: http://brandlift.vizu.com/knowledge-resources/research/2012-industry-outlook/
You can also benchmark your organization’s brand advertising practices against industry best practices identified in this report here: http://brandlift.vizu.com/knowledge-resources/brand-ad-iq/
Digiday (http://www.digiday.com) is a media company and community for professionals who work in the digital media, marketing and advertising industry. Its mission is to connect the industry with insightful analysis and perspective, as well as each other. They provide key insights and information through their online publications and conferences that cover the changes, trends -- and why they matter. They cover the industry with an expertise, depth and tone not find anywhere else. See Digiday.com to read or subscribe to their publications or for information on events; join Digiday LinkedIn or Facebook groups; follow them on Twitter @Digiday or their show commentary with #Digiday; or tune into live-streamed and archived video coverage of their events on their Livestream channel.
Vizu Corporation (http://www.brandlift.com) brings the same metrics used to measure and optimize brand advertising effectiveness in the offline world to the online medium. By providing the first real-time, enterprise technology platform that allows brand advertisers and their partners in the digital media ecosystem – publishers, ad networks, exchanges, and demand side platforms – to collaborate around measuring and optimizing Brand Lift metrics, Vizu enables its customers to move their target audience through the purchase funnel, from building awareness to creating intent and preference. Vizu's brand advertising effectiveness platform is used by over 60% of Advertising Age's Top 100 Brand Advertisers and Top 50 Media properties to support all key aspects of the advertising lifecycle, including media buying, audience profiling, and Brand Lift optimization.
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