This Week in Digital Advertising: Quibi Quits, Pinterest Peaks, & eMarketer Predicts Holiday Growth

This Week in Digital Advertising: Quibi Quits, Pinterest Peaks, & eMarketer Predicts Holiday Growth

Hello Bidtellectuals!

This week’s Bidtellect of the Week goes out to all those in leadership positions in honor of National Bosses Day!

Quibi Quits
Ah, alas. Short-form is now short-lived. Quibi launched on April 6th with megacelebrities and a massive amount of content in tow. The new streaming app was meant to be the ideal form of scripted content for viewers on-the-go: 5-10 minute bite-sized episodes meant to be watched on the train or waiting in line for co ee. Content for “in-between moments,” according to execs. But Quibi launched right as the coronavirus pandemic hit its peak in the United States; offices closed and all forms of commuting ceased. There were no more in-between moments, only long unending days or extremely jam-packed stressful ones. Quibi didn’t release any official numbers, but they evidently didn’t hit their projected 7.5 million paid subscribers by year’s end, and advertisers experienced significant under deliveries.”Quibi published an open letter to employees, writing that they had exhausted every option and apologized. They are “winding down the business and looking to sell it’s content and technology assets.”

Pinterest Peaks
Meanwhile, image-sharing and inspo site Pinterest is having a much bigger year than planned. At the start of the pandemic, users turned to the app to assist in hunkering down: “It was cooking, kids’ activities, building out their home office and home fitness,” according to Chief Revenue Officer Jon Kaplan. This continued for a while as more and more people transitioned to working from home. People researched a lot on easy-cooking tips, DIYs, new recipes, games, and travel pins. As more and more people are transitioning to the work-from-home norm, data is inclined towards home-office requirements. For example, filing cabinet alternatives was one of the most followed one in this category.

The transition from working in an office to working from home has been a massive jump and it has also shown people how unprepared their home is to take on a ‘working from home’ job, this has left some homeowners worried that if this turns into a long term thing they will not be able to accommodate this need as they do not have the privacy, space, or a good internet connection, to make this work, so they have been looking at ways that they can remedy this to help them if this becomes permanent. For instance, if a home office is of the utmost importance due to the nature of their work, they may want to look at relocating to facilitate their needs and their spouses/partners’ needs if they too are in the same boat. This can be done by using ‘We Buy Houses‘ companies like sellyourlafayettehome.com or similar depending on their location, so they can find the best buyer for their home and get into a new one that has a better layout that can support them with their work. To some this may seem extreme, but with the current climate the way it is people need to be able to sustain a work from home system and if that is not met, work can suffer, jobs can be in jeopardy, and finances can dwindle, so finding the best solution for this time frame is essential.

Taking a home move like this into consideration during this turbulent time, the platform (Pinterest) became an escape and hope-filled inspiration board for the future as well as for new home office ideas and home redecorating to help people feel better about where they are and what they are doing to accommodate these needs. The platform’s monthly users grew more than 40% in the second quarter to 415 million. The expansion is led by new international users (50% growth rate) and Gen Z users, who are joining the platform at twice the rate of people older than 25.

eMarketer’s Latest Report Predicts eCommerce Holiday Cheer
E-commerce (electronic commerce) is the buying and selling of goods and services, as well as the transfer of funds or data, over an electronic network, most notably the internet. These transactions can be business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), or consumer-to-business (C2B). You can learn more about the fundamentals of e-commerce by visiting websites such as techbrice.

Well! The news is, this year, eMarketer’s latest reports predict a holiday cheer at this time. The already cost-conscious consumer will be looking to keep their holiday spending in check, as well as avoid brick and mortar locations. But fear not: ecommerce saves the holidays! Its growth will make up for the expected declines in brick-and-mortar retail. Most of the retail shops have started selling products online and shipping them to customers, which in turn has improved the business sales. This has not only generated a new platform for business income, but it has also created a sustainable market for online companies to expand and grow. Moreover, with on-site businesses following environmental and sustainable compliance for site development, waste management, stormwater management (consult environmental consulting firms to learn more), along with sustainable financing, product shipping, transportation, etc., the companies can generate new leads and attract eco-friendly customers.

Cyber Monday will be the biggest online spending day in US history with sales of $12.89 billion, up 38.3% from last year. Black Friday is expected to be the second-biggest, with sales anticipated to increase by 39.4% to $10.20 billion, while Thanksgiving will see a dramatic 49.5% sales growth rate.

Good News:
Reese’s Made a Trick-or-Treat Robot Don’t want to get close to a potential germ-filled child during trick-or-treating this year? Reese’s might send you it’s 9-foot robotic trick-or-treat door that dispenses king-size Peanut Butter Cup candy bars along with smoke, lights, and a Halloween soundtrack. Other Halloween adaptations: Mars Wrigley unveiled an app called Treat Town, which lets users across the country virtually trick or treat with each other throughout October. Krispy Kreme also developed a “reverse trick or treat” promotion. Spooky!

Stay safe, friends!
Charlotte

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Charlotte Otremba is Sr. Manager of Communications and Marketing at Bidtellect.

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Holiday Creative Assets: The Naughty and Nice List

Holiday Creative Assets: The Naughty and Nice List

The holidays may look a little different this year, so all the more reason to ensure your holiday creative assets are top-performing. Digital advertisers: want to get on the nice list? See ya, bag of coal (or worse, sinking engagement)! Bidtellect’s [b]+studio shares best practices to make your holiday creative assets shine.

Headlines | The first (and best) way to catch a shopper’s eye.

Naughty:

  • Two-word headlines are so 2019. Phrases like “Holiday.Reimagined” or “The Best Running Shoes” don’t draw attention and earn trust. Remember, the headline of your Nativecreative should appear to look like an article.
  • Forgetting to Title Case Your Headlines

Nice:

  • Use Compelling and Educational headlines like “What EveryGirl Wants in Her Closet”.
  • Ask Questions “Did Someone Say ‘Epic 1-Day Holiday Sale?’”
  • Oer to educate or solve problems “How to Create the Most Wonderful Holiday Tablescapes”.
  • Listicles are still the way to go “3 Classic Casual Outfits, Fit for Everyone”.
  • Sense of urgency – especially with sales “Don’t Miss Pier 1’sOne Big Sale & Clearance” or “Spoiler Alert: Your New FavoriteShoe is Here!” or “An Event So Extraordinary, It Only HappensTwice a Year.”
  • Content/Thought Leadership: o􀃠er tips for the best gifts or creative ideas. “The Ultimate Gift Guide for Everyone on Your Nice List” or “How to Wear Adidas Like Your Favorite Celebs”
  • Witty puns with a holiday twist: “Deck the Halls with Boughs of Happy” or “Take a Step in a New Direction this Holiday SZN!”

Description | The copy under the headline – it gives a little extra information about what your product or content offers!

Naughty:

  • A description that’s shorter than the headline. Tsk tsk.

  • Content that doesn’t match what is provided on the landing page

Nice:

  • Make sure your call-to-action in the description matches your KPI. “Beat the heat and save on A/Cs and dehumidifiers from Walmart. Pick from portable air conditioners, window air conditioners, and more! Shop now.” or “These boots are made for anything. The Killington offers constant support with dynamic􀃖ex in every step. Get yours, shop now.”

  • Include a promotional code that is 20% off or higher in your holiday creative. Now more than ever, consumers need discounts. “Soft, flawless skin is truly the best gift. Today only, get 30% o your purchase, plus, get free gifts with purchase. Use code: TAKE30”

  • Offer to solve problems. Remember, most social gatherings will happen virtually – think about how your product will benefit the next Zoom or Facetime call.

Images | Your first and best visual cue – don’t slack here!

Naughty:

  • Text on images. Just don’t!

  • Cluttered images with no focal point

  • Dark images that don’t pop

  • Depressing imagery that makes the reader look away (hello remember it’s the holidays)

Nice:

  • Use people or animals (they are more relatable!) in your holiday creative assets. Think: lifestyle, authentic, and in the holiday spirit. Tug on those heartstrings with images that show emotion.

  • Children, pets, food, and people in images perform best

  • Add some spice with animation or a cinemagraph

Video | Work in video content!

Naughty:

  • Super long videos (yawn)

  • Videos that require sound to get the message across. Not everyone has can hear or have headphones in.

Nice:

  • Short and sweet with a clear message – conveyed with or without sound.

  • Pro Tip: Add subtitles.

Charlotte Otremba is Sr. Manager of Communications and Marketing at Bidtellect.

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This Week in Digital Advertising: August 28th, 2020

This Week in Digital Advertising: August 28th, 2020

Hello, Bidtellectuals! Congratulations to Bidtellectal of the Week Lisa Friedman! She is a true friend to all. If you know her, you know.

It’s Back to School Time for a lot of kiddos out there. If you’re a parent, check out Bidtellect SVP of Sales Terah Bocchi’s Working From Home With Kids: An Honest Assessment on Adexchanger. You got this!

Holidays 2020: Yes, It’s That Time

It’s still very much Summer and feels like we missed Spring (what year is it???), but holiday campaign planning is underway. We gathered and analyzed the latest insights and data to determine 5 Holiday Trends for Digital Advertisers 2020. The holiday season will look a little different this year: less travel, more local and virtual get-togethers, and sales starting earlier. Stay ahead of the game – trust us. We also have a gorgeous One Sheet just for you, and if you just want some down and dirty data, check out our Holidays 2020: Data and Trend Compilation. Get ready to copy + paste.

Quick Stats from 1H 2020

Last week, we shared our 1H 2020 Native Report. We’re so excited about it, that this week we have a “Quick Stat” One Sheet for you, so you can absorb the key stats at a glance. We also have a 3-minute video of three key trends from the report, if you’re more of a video-learner.

2020 Trend Report: 3 Key Native Advertising Trends Q1 + Q2 2020

Programmatic Is Returning to Its Prepandemic ‘Normal’ Levels

But we already knew that, didn’t we? According to data from MediaRadar via Adweek, the number of advertisers running programmatic ads through the end of July is up36% since January, and total programmatic spend between April and July is up 11%year-over-year. The beauty of programmatic is that campaigns can stop and start, but you’ll recall that meant significant pauses: programmatic spend in April alone was down 9% compared to the beginning of the year. But we’re back, baby! According to eMarketer, programmatic is projected to account for 86.5% of total display ad spend by 2021.

Retail and eCommerce Saving Us All

According to eMarketer, US retail digital ad spending will increase by 3.1% this year, to $28.23 billion. Retail will remain the largest digital ad spending vertical, accounting for 21.0% of total US digital ad spend. It is important for the retail sector to tap into the resources that are made available to them, either in the form of digital marketing assistance or in the way of tech-based help, for instance, it empowers businesses to use targeted software that can help them hone their strategies and build on plans that will work for them in the long-run, as well as evolve their business model to the level they need to reach their customers. The retail industry will spend $8.61 billion more on digital ads this year than the next-closest vertical, financial services. If you’re in retail, here’s how to keep your messaging up to par.

More Good News: Afternoon Pick-Me-Up Tips

We’ve all been there, cruising through the day when suddenly, right around 3pm, the slump hits. No energy. No motivation. How can you go on? What will bring you back to life? I asked my fellow Bidtellectuals for their secret “pick-me-ups.” They had a lot of suggestions!

Want more need-to-know info? Subscribe to our monthly Bidtellectual newsletter!


Charlotte Otremba is Sr. Manager of Communications and Marketing at Bidtellect.

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