Lithium Klout Marketers Guide Paid Earned Owned Media

3
1 The Marketers Guide to Paid, Owned & Earned Media Social has had a significant impact on consumer purchasing behavior. As a result marketers are changing the way they approach the creation and distribution of content. Learn how to improve campaign results and build integrated content channels that not only significantly increase brand lift, but also build advocacy and community amongst consumers. The Evolution of the Content Ecosystem Content has always been top of mind for marketers, but how it's been created and distributed has evolved over time. Year after year, new trends and technologies emerge that enable marketers to reach their audience in new ways. It used to be that owned media (i.e. website content, blog posts, etc.) was the primary content marketing channel, then brands began adding paid media to their strategies to gain greater scale. Marketers quickly learned how to integrate and optimize these two channels, seeing tremendous potential in their ability to reach a broader audience of new consumers. The recent rise in social has triggered another change in the content ecosystem. Consumers today are more connected than ever before and this has resulted in two massive changes that affect consumer purchasing behavior. The first change is that as consumers spend more and more time online, they have become accustomed to being inundated by messages from brands on a daily basis. In fact, studies have shown that the average user is exposed to thousands of ads per day (NY Times), but they never actually see them. A result of “banner blindness,” a term that advertising professionals are becoming all too familiar with. A recent study found that 60% of participants couldn’t recall the last display ad they saw and nearly 80% felt recent ads they saw were not relevant to them (Media Post). Additionally, even if an ad manages to break through the consumers blinders and be seen, only 33% of consumers trust ads (Nielsen). Even Facebook is not immune to banner blindness. While their ads typically cost more than a traditional banner ad, a study that looked at 11k campaigns found that the average click-through rate for Facebook ads was $0.063% - half the industry standard of .1% (Webtrends). This leads into the second change affecting consumer purchasing behavior. As consumers become more connected via social they are tapping into their networks for more information. Consumers actively seek out peer recommendations to differentiate products and make purchasing decisions. As well as to find and share event related information. While “Banner Blindness” is the conscious or unconscious decision to ignore web spaces conventionally containing ads (infolinks).

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Transcript of Lithium Klout Marketers Guide Paid Earned Owned Media

  • 1The Marketers Guide to Paid, Owned & Earned Media

    Social has had a signicant impact on consumer purchasing behavior. As a result marketers are changing the way they approach the creation and distribution of content. Learn how to improve campaign results and build integrated content channels that not only signicantly increase brand lift, but also build advocacy and community amongst consumers.

    The Evolution of the Content Ecosystem

    Content has always been top of mind for marketers, but how it's been created and

    distributed has evolved over time. Year after year, new trends and technologies emerge

    that enable marketers to reach their audience in new ways. It used to be that owned media

    (i.e. website content, blog posts, etc.) was the primary content marketing channel, then

    brands began adding paid media to their strategies to gain greater scale. Marketers quickly

    learned how to integrate and optimize these two channels, seeing tremendous potential in

    their ability to reach a broader audience of new consumers. The recent rise in social has

    triggered another change in the content ecosystem. Consumers today are more connected

    than ever before and this has resulted in two massive changes that affect consumer

    purchasing behavior.

    The rst change is that as consumers spend more and more time online, they have become accustomed to being inundated by messages from brands on a daily basis. In fact, studies

    have shown that the average user is exposed to thousands of ads per day (NY Times), but they never actually see them. A result of banner blindness, a term that advertising

    professionals are becoming all too familiar with. A recent study found that 60% of

    participants couldnt recall the last display ad they saw and nearly 80% felt recent ads they

    saw were not relevant to them (Media Post). Additionally, even if an ad manages to break through the consumers blinders and be seen, only 33% of consumers trust ads (Nielsen). Even Facebook is not immune to banner blindness. While their ads typically cost more

    than a traditional banner ad, a study that looked at 11k campaigns found that the

    average click-through rate for Facebook ads was $0.063% - half the industry standard

    of .1% (Webtrends).

    This leads into the second change affecting consumer purchasing behavior. As consumers

    become more connected via social they are tapping into their networks for more

    information. Consumers actively seek out peer recommendations to differentiate products

    and make purchasing decisions. As well as to nd and share event related information. While

    they may have done this for years, they are now able to reach an even larger network and do

    so faster than ever. In fact, according to MarketForce, 81% of consumers are inuenced by their friends posts on social media when making purchasing decisions.

    The evidence continues to stack up, proving that its time for marketers to rethink their

    approach to content creation and distribution if they are going to stay ahead of this

    tremendous shift in consumer purchasing behavior. While 85% of marketers publish

    branded content, only 36% feel they are doing it effectively (Forrester) The fact of the matter is that Owned and Paid Media is here to stay, but the key to standing out above the noise in

    either of those channels is to move beyond traditional push strategies and start engaging

    consumers in new ways.

    The Power of Earned Media

    The power of earned media lies in the trust and authenticity of the content that's generated.

    Many marketers already have a social strategy and are engaging fans or followers in their

    networks. However, common engagement methods such as basic posting, running contests

    or hiring service providers to run large social campaigns all have limitations, which cause

    them to be less effective. Social strategies are further hampered by decreases in organic

    Facebook reach. Facebook brand pages suffered a 44% decline in reach last year. While

    brands could previously expect to reach 16 out of 100 Facebook fans, they are now lucky

    to get 3 out of 100 (Ignite Social Media).

    Earned media is not a new concept. Successful paid and owned media strategies have been

    shown to effectively generate earned media in the past, however, technology improvements

    have allowed marketers to easily generate it and to actually measure its impact. Studies have

    proven that earned media produces 4x the impact on brand lift compared to paid media

    (Nielsen BrandEffect 2011). If consumers are engaged with your message, they are more likely to share it. The challenge lies in building a message that consumers are compelled to

    share. Unlike traditional owned and paid media that involves pushing out a brand message

    to consumers, earned media requires a pull strategy. Its about engaging consumers with a

    story that resonates and compels them to share that story.

    Achieve Greater ROI with an Integrated Marketing Strategy

    For marketers looking to leverage earned media its easiest to think about it in the context

    of paid, owned and earned media, or if said differently converged media, (Altimeter). Earned media doesnt need to strip valuable resources from other areas of media focus, but rather

    can be used to amplify the effects of other channels. However, it can be challenging to bring

    together what are often separate teams and align to a single campaign goal.

    Brands that can effectively integrate these three forms of media have seen the return on

    their investment increase exponentially. One of the largest real-time marketing events of

    the year, the Super Bowl, is a perfect example of brands converging media initiatives to

    build awareness, engage consumers and scale their marketing message, while saving costs.

    Brands that previously would have had very little exposure without spending millions on a

    90 second commercial slot are now able to get their message heard amongst some of the

    worlds biggest ad spenders.

    If approached right, brands can achieve remarkable results and build a powerful content

    channel that not only signicantly increases brand lift, but also builds advocacy and community amongst their consumers.

    Klout Perks

    Klout Perks enable marketers to generate earned media at scale for product launches and

    events via authentic sources. We connect over 300 of the world's largest brands with key

    inuencers and have delivered over 1 Million Perks to-date. Learn more about how Perks can help take your product launches to a new level, contact us at: [email protected]

    Banner Blindness is the conscious or

    unconscious decision

    to ignore web spaces

    conventionally containing

    ads (infolinks).

  • 2The Marketers Guide to Paid, Owned & Earned Media

    Social has had a signicant impact on consumer purchasing behavior. As a result marketers are changing the way they approach the creation and distribution of content. Learn how to improve campaign results and build integrated content channels that not only signicantly increase brand lift, but also build advocacy and community amongst consumers.

    The Evolution of the Content Ecosystem

    Content has always been top of mind for marketers, but how it's been created and

    distributed has evolved over time. Year after year, new trends and technologies emerge

    that enable marketers to reach their audience in new ways. It used to be that owned media

    (i.e. website content, blog posts, etc.) was the primary content marketing channel, then

    brands began adding paid media to their strategies to gain greater scale. Marketers quickly

    learned how to integrate and optimize these two channels, seeing tremendous potential in

    their ability to reach a broader audience of new consumers. The recent rise in social has

    triggered another change in the content ecosystem. Consumers today are more connected

    than ever before and this has resulted in two massive changes that affect consumer

    purchasing behavior.

    The rst change is that as consumers spend more and more time online, they have become accustomed to being inundated by messages from brands on a daily basis. In fact, studies

    have shown that the average user is exposed to thousands of ads per day (NY Times), but they never actually see them. A result of banner blindness, a term that advertising

    professionals are becoming all too familiar with. A recent study found that 60% of

    participants couldnt recall the last display ad they saw and nearly 80% felt recent ads they

    saw were not relevant to them (Media Post). Additionally, even if an ad manages to break through the consumers blinders and be seen, only 33% of consumers trust ads (Nielsen). Even Facebook is not immune to banner blindness. While their ads typically cost more

    than a traditional banner ad, a study that looked at 11k campaigns found that the

    average click-through rate for Facebook ads was $0.063% - half the industry standard

    of .1% (Webtrends).

    This leads into the second change affecting consumer purchasing behavior. As consumers

    become more connected via social they are tapping into their networks for more

    information. Consumers actively seek out peer recommendations to differentiate products

    and make purchasing decisions. As well as to nd and share event related information. While

    they may have done this for years, they are now able to reach an even larger network and do

    so faster than ever. In fact, according to MarketForce, 81% of consumers are inuenced by their friends posts on social media when making purchasing decisions.

    The evidence continues to stack up, proving that its time for marketers to rethink their

    approach to content creation and distribution if they are going to stay ahead of this

    tremendous shift in consumer purchasing behavior. While 85% of marketers publish

    branded content, only 36% feel they are doing it effectively (Forrester) The fact of the matter is that Owned and Paid Media is here to stay, but the key to standing out above the noise in

    either of those channels is to move beyond traditional push strategies and start engaging

    consumers in new ways.

    The Power of Earned Media

    The power of earned media lies in the trust and authenticity of the content that's generated.

    Many marketers already have a social strategy and are engaging fans or followers in their

    networks. However, common engagement methods such as basic posting, running contests

    or hiring service providers to run large social campaigns all have limitations, which cause

    them to be less effective. Social strategies are further hampered by decreases in organic

    Facebook reach. Facebook brand pages suffered a 44% decline in reach last year. While

    brands could previously expect to reach 16 out of 100 Facebook fans, they are now lucky

    to get 3 out of 100 (Ignite Social Media).

    Earned media is not a new concept. Successful paid and owned media strategies have been

    shown to effectively generate earned media in the past, however, technology improvements

    have allowed marketers to easily generate it and to actually measure its impact. Studies have

    proven that earned media produces 4x the impact on brand lift compared to paid media

    (Nielsen BrandEffect 2011). If consumers are engaged with your message, they are more likely to share it. The challenge lies in building a message that consumers are compelled to

    share. Unlike traditional owned and paid media that involves pushing out a brand message

    to consumers, earned media requires a pull strategy. Its about engaging consumers with a

    story that resonates and compels them to share that story.

    Achieve Greater ROI with an Integrated Marketing Strategy

    For marketers looking to leverage earned media its easiest to think about it in the context

    of paid, owned and earned media, or if said differently converged media, (Altimeter). Earned media doesnt need to strip valuable resources from other areas of media focus, but rather

    can be used to amplify the effects of other channels. However, it can be challenging to bring

    together what are often separate teams and align to a single campaign goal.

    Brands that can effectively integrate these three forms of media have seen the return on

    their investment increase exponentially. One of the largest real-time marketing events of

    the year, the Super Bowl, is a perfect example of brands converging media initiatives to

    build awareness, engage consumers and scale their marketing message, while saving costs.

    Brands that previously would have had very little exposure without spending millions on a

    90 second commercial slot are now able to get their message heard amongst some of the

    worlds biggest ad spenders.

    If approached right, brands can achieve remarkable results and build a powerful content

    channel that not only signicantly increases brand lift, but also builds advocacy and community amongst their consumers.

    Klout Perks

    Klout Perks enable marketers to generate earned media at scale for product launches and

    events via authentic sources. We connect over 300 of the world's largest brands with key

    inuencers and have delivered over 1 Million Perks to-date. Learn more about how Perks can help take your product launches to a new level, contact us at: [email protected]

    81% of consumers are inuenced by their friends' posts on social

    media when making

    purchasing decisions.

    Earned media produces

    4x the impact on brand lift compared

    to paid media.

  • The Marketers Guide to Paid, Owned & Earned Media

    Social has had a signicant impact on consumer purchasing behavior. As a result marketers are changing the way they approach the creation and distribution of content. Learn how to improve campaign results and build integrated content channels that not only signicantly increase brand lift, but also build advocacy and community amongst consumers.

    The Evolution of the Content Ecosystem

    Content has always been top of mind for marketers, but how it's been created and

    distributed has evolved over time. Year after year, new trends and technologies emerge

    that enable marketers to reach their audience in new ways. It used to be that owned media

    (i.e. website content, blog posts, etc.) was the primary content marketing channel, then

    brands began adding paid media to their strategies to gain greater scale. Marketers quickly

    learned how to integrate and optimize these two channels, seeing tremendous potential in

    their ability to reach a broader audience of new consumers. The recent rise in social has

    triggered another change in the content ecosystem. Consumers today are more connected

    than ever before and this has resulted in two massive changes that affect consumer

    purchasing behavior.

    The rst change is that as consumers spend more and more time online, they have become accustomed to being inundated by messages from brands on a daily basis. In fact, studies

    have shown that the average user is exposed to thousands of ads per day (NY Times), but they never actually see them. A result of banner blindness, a term that advertising

    professionals are becoming all too familiar with. A recent study found that 60% of

    participants couldnt recall the last display ad they saw and nearly 80% felt recent ads they

    saw were not relevant to them (Media Post). Additionally, even if an ad manages to break through the consumers blinders and be seen, only 33% of consumers trust ads (Nielsen). Even Facebook is not immune to banner blindness. While their ads typically cost more

    than a traditional banner ad, a study that looked at 11k campaigns found that the

    average click-through rate for Facebook ads was $0.063% - half the industry standard

    of .1% (Webtrends).

    This leads into the second change affecting consumer purchasing behavior. As consumers

    become more connected via social they are tapping into their networks for more

    information. Consumers actively seek out peer recommendations to differentiate products

    and make purchasing decisions. As well as to nd and share event related information. While

    they may have done this for years, they are now able to reach an even larger network and do

    so faster than ever. In fact, according to MarketForce, 81% of consumers are inuenced by their friends posts on social media when making purchasing decisions.

    The evidence continues to stack up, proving that its time for marketers to rethink their

    approach to content creation and distribution if they are going to stay ahead of this

    tremendous shift in consumer purchasing behavior. While 85% of marketers publish

    branded content, only 36% feel they are doing it effectively (Forrester) The fact of the matter is that Owned and Paid Media is here to stay, but the key to standing out above the noise in

    either of those channels is to move beyond traditional push strategies and start engaging

    consumers in new ways.

    The Power of Earned Media

    The power of earned media lies in the trust and authenticity of the content that's generated.

    Many marketers already have a social strategy and are engaging fans or followers in their

    networks. However, common engagement methods such as basic posting, running contests

    or hiring service providers to run large social campaigns all have limitations, which cause

    them to be less effective. Social strategies are further hampered by decreases in organic

    Facebook reach. Facebook brand pages suffered a 44% decline in reach last year. While

    brands could previously expect to reach 16 out of 100 Facebook fans, they are now lucky

    to get 3 out of 100 (Ignite Social Media).

    Earned media is not a new concept. Successful paid and owned media strategies have been

    shown to effectively generate earned media in the past, however, technology improvements

    have allowed marketers to easily generate it and to actually measure its impact. Studies have

    proven that earned media produces 4x the impact on brand lift compared to paid media

    (Nielsen BrandEffect 2011). If consumers are engaged with your message, they are more likely to share it. The challenge lies in building a message that consumers are compelled to

    share. Unlike traditional owned and paid media that involves pushing out a brand message

    to consumers, earned media requires a pull strategy. Its about engaging consumers with a

    story that resonates and compels them to share that story.

    Achieve Greater ROI with an Integrated Marketing Strategy

    For marketers looking to leverage earned media its easiest to think about it in the context

    of paid, owned and earned media, or if said differently converged media, (Altimeter). Earned media doesnt need to strip valuable resources from other areas of media focus, but rather

    can be used to amplify the effects of other channels. However, it can be challenging to bring

    together what are often separate teams and align to a single campaign goal.

    Brands that can effectively integrate these three forms of media have seen the return on

    their investment increase exponentially. One of the largest real-time marketing events of

    the year, the Super Bowl, is a perfect example of brands converging media initiatives to

    build awareness, engage consumers and scale their marketing message, while saving costs.

    Brands that previously would have had very little exposure without spending millions on a

    90 second commercial slot are now able to get their message heard amongst some of the

    worlds biggest ad spenders.

    If approached right, brands can achieve remarkable results and build a powerful content

    channel that not only signicantly increases brand lift, but also builds advocacy and community amongst their consumers.

    Klout Perks

    Klout Perks enable marketers to generate earned media at scale for product launches and

    events via authentic sources. We connect over 300 of the world's largest brands with key

    inuencers and have delivered over 1 Million Perks to-date. Learn more about how Perks can help take your product launches to a new level, contact us at: [email protected]

    MarketingStrategy

    Owned website

    blog

    social media

    Earned mentions

    shares

    reviews

    Paid pay per click

    display ads

    retargeting

    3

    "Converged media will

    happen and is happening;

    if marketers don't take

    action, the effectiveness

    of marketing efforts

    will suffer." (Altimeter The Converged Media Imperative)