CP’s team of senior strategists and anthropologists regularly release insights on cultural, economic, and social shifts that can impact our clients. Here are their most recent observations.

1. “I bought it on TikTok!” Ecommerce knows no digital boundaries.

Ecommerce app installs, sessions and now purchases are all way up year-over-year (particularly in recent months), including on historically social-focused platforms like TikTok and Instagram. These novel purchases are up so much that experts are exploring new opportunities for native content and stress a heightened need to focus on conversion metrics.

Brands need to evaluate their presence across all digital channels and begin to strategize how and where to expand product offerings and sales opportunities across organic content.

Sources: Forbes, Adjust, Digital Commerce

2. Where have societies’ dependable “rocks” gone?

In the past four weeks alone we’ve seen Walmart, our largest, trusted retail institution announce major layoffs as they anticipate a weakening economy and see profits shrinking due to double-digit inflation. This has fueled consumer outrage on social channels. We’ve also seen an FBI raid of former President Trump’s home to seize classified materials taken when leaving office. News narratives have furthered Americans’ doubt of U.S. institutions creating a heightened sense of instability that we predict will grow into a full-fledged mainstream trend in the next few quarters.

The opportunity for brands is to be more communicative and intentional in curating messages of reassurance – both to internal and external audiences. Messages that reinforce good policies or practices, for example, create a sense of consistency and moral stability that consumers crave.

Sources: Gallup

3. “Limited edition” digital content is all the rage!

Time-sensitive/recency forms of media—i.e. that content which is available for a limited period of time/never to be seen again—is an increasingly common feature, especially when it comes to social media. 

Part of what’s appealing about time-sensitive content is that if you’re looking at it, it’s guaranteed to be current and relevant. That inaccessibility – which is the antithesis of the internet’s main characteristic, creates an exclusivity and specialness to the content. It can also feel authentic and proprietary, which is why WhatsApp has recently been working on a feature to block screenshots of media you’re only meant to view once – adding to its exclusivity and once-in-a-lifetime exposure.

Sources: Social Media Today, Axios, Hubspot, Better Marketing, Android Police 

4. Poetry has entered its own Renaissance – say “hello” to Instapoetry.

Poet Rupi Kaur’s recent world tour is being met with great fanfare, an extension of the growing popularity of poetry’s newest incarnation, Instapoetry. For many, the pandemic inspired more abstract self-reflection and exploration of emotions, which translates well into the “concise and luminous” poetry that’s become so well-received on Instagram.

Instapoetry’s most popular topics reflect shifting cultural priorities as people, especially younger people, call out topics older generations have often tried to sweep under the rug: mental health, romance, feminism, sexuality, and domestic violence.

Sources: The Poet List, Inside Hook, The Outspoken

5. Want to kick-start your creative thinking? Take more risks in life and work!

Have you ever wondered why there’s literally no good ‘new music’ coming out on our streaming channels and airwaves? Well there’s a very good reason.

The music industry today is not as equipped to discover and nurture new talent. There are many reasons: fear of copyright lawsuits in an increasingly litigious industry, moguls who’ve lost confidence in new music, an unwillingness to take risks on new musicians with new sounds, gatekeeper prejudices, and an algorithmic listening environment that promotes standardization. 

Businesses outside the music industry can learn from this creative drought by fostering more risk-taking by employees, getting them outside their comfort zone, creating new outlets, new team-pairings and special initiatives that promote creativity.

Sources: The Atlantic, Wbur

6. Key to future business success? Getting up-to-speed with E.S.G.

Policy changes and mandates surrounding Environmental, Social, and Governance (ESG) are causing companies to adapt to avoid risk and position themselves for future rewards. Companies including American Express, Google, Ford, and more have recently been acquiring and launching new businesses to address emerging opportunities related to ESG initiatives, creating competitive advantages. 

Companies who have strong ESG are prone to be more successful, have more loyal workers and are more likely to have strong investor interest. Most organizations today are rapidly developing and evolving their DEI initiative, as they should. Being an early-adopter of these initiatives can mean better retention and great business success.

Sources: McKinsey, Nasdaq, Intellizence, Biz Journals, TMF Group

All good things expire. Look out for more trends coming soon.

JoAnne Borselli, Group Brand Director

Lately, when it comes to disruptions in the airline industry, the headlines speak for themselves. “More than 2,000 flight delays last Monday.” “American Airlines cancels 31,000 flights from its November schedule.” And recently: “JetBlue and Spirit Airlines Announce Merger Plan.” According to earnings reports, airlines are losing billions right now. Why would an airline choose now to buy another airline? And what does JetBlue need to do to come out of this on top?

By purchasing Spirit Airlines, JetBlue would become the nation’s fifth-largest airline, with a share of more than 10 percent of the market (behind United, Delta, American and Southwest). In addition to solidifying its presence in its existing markets, the deal would also open more routes in Las Vegas, Dallas, Houston, Chicago, Detroit, Atlanta and Miami. 

While there are a lot of potential benefits to JetBlue by merging, they’ll still have four hefty airline players in front of them. How do you win when you’re starting in fifth place?

Double down on your brand 

Now more than ever, JetBlue needs to embrace the brand attributes that got it here in the first place: by being the most “human” of all the airlines out there. Anyone who travels even a little these days knows how impersonal the entire process has become. You’re being scolded in security like a child. Boarding takes forever. You’re squashed like sardines next to total strangers in seats built for a pre-teen. JetBlue alone can’t change the entire industry, so go ahead and poke fun at it. Have some fun. Everyone knows the problems with flying right now. Don’t hide from them or pretend they don’t exist. Embrace them and laugh at the situation. The other airlines are too “corporate” to do that and their brands are too “vanilla” to be willing to take risks in messaging. Your customers will appreciate the honesty and would enjoy some laughs for a change. 

Make sure that brand personality extends to your staff

During the typical airport experience, by the time you get where you’re going, you’re a shell of a human being. So when someone talks to you like a real person, it stands out. Service that includes a solid dash of humanity. Flight attendants that (usually) enjoy their jobs. Pilots that talk to you like a peer instead of a number. They are your walking billboards. From restaurants to retail, good employees are worth gold right now—so treat them that way. It all makes the difference that will create loyalty from customers in a world where loyalty no longer exists. 

Invest a little in some “extras” that will pay off

Every airline is charging for every small detail right now. Seat choices, luggage, food. If you have to play that game to compete, fine. But look for small things that you can do that don’t cost a lot but mean a lot. You know when my birthday is—it was in my reservations when I booked. On my birthday, shoot me a note with a $50 credit toward my next flight. And don’t make me join your loyalty program to get that. If you treat me right, I’ll likely join your loyalty program anyway. Give employees the power to do whatever they think to make me happy on my next flight. A quietly complimentary beer given to the guy who’s sitting behind the crying baby will be a story he will tell to everyone once he gets off the flight. 

What’s Next

At this point, there are many miles (and legal hearings and union meetings) to go before this merger is confirmed. And many in the industry think it won’t happen. If it DOES happen, JetBlue has the opportunity to differentiate itself from the “big four” on a much bigger playing field than it was playing on before. And maybe even break into the top four. As a brand, it already has the ingredients. It’s just time to dial them up more than ever before.

Alyssa Stevens, Director of Public Relations and Social Media

Set in the beautiful South of France, the Cannes Lions International Festival of Creativity is one of my favorite industry events to attend. While the Côte d’Azur is certainly a magnificent destination to visit, the speakers, content, and networking opportunities that this conference brings are also unmatched. Due to the pandemic, 2019 was the last time that Cannes Lions was hosted in person and judging by the undeniable energy of attendees and the all-star lineup of speakers, it was clear that I wasn’t the only one who was thrilled to be back!

This year’s visit marked my third time attending Cannes Lions, and as I reflect on all of the sessions and conversations, there are several recurring themes and topics that were woven throughout the conference. As marketers, especially those of us who specialize in the social media and influencer marketing industries, the future is bright. With Web 3 continuing to gain traction, TikTok dominating the social media landscape, and social commerce riding the coattails of ecommerce, I couldn’t be more energized by my experience at Cannes Lions.

While I wish I could have teleported you to the Mediterranean to soak up the knowledge and trends that Cannes Lions imparted, the next best thing is sharing a few of the key takeaways from my time on the Croisette…

Consumers’ expectations for brands are higher than ever before

Consumers are becoming more and more discerning about the brands they want to align themselves with, and as a result, we’re seeing a shift in how brands are approaching innovation. In a “CMOs in the Spotlight” series featuring chief marketing officers from L’Oreal, The Lego Group, and Marriott International, the focus was on how today’s shopper wants quality services/products that also help to change the world and the effect that mindset has on a brand’s internal innovation process. Brand purpose is more important than ever before, but those efforts and innovation have to start within the company before trickling down to the consumer level. Consumers want to feel like they are part of a solution when they invest in a product or service, and in turn, brands are working harder than ever before to use creativity and innovation to drive progress. This shift in the consumer mindset will continue to evolve, so it’s up to marketers to decide what their brand stands for and how that affects their upcoming initiatives and launches. It’s not just about what a brand says they do, it’s about what they actually do and how consumers can get involved with it. 

Influencer 3.0 focuses on “Join Me” vs. “Watch Me”

When influencers first became a thing, it was all about visually pleasing photos and perfectly curated feeds, but as the industry grows and more global brands invest significant budgets towards influencer marketing, we’re beginning to see a shift in both brand and consumer expectations around influencer content. During a session led by content creator @AlexisRen and the VP of Marketing and Communications (Americas) at Burberry, the idea of influencers building a community for a brand vs. just posting photos was a main theme. Influencers are held to a high standard by their followers to share authentic content because their audience craves a story around the products/experience that they post instead of just seeing a nice image. Brands can help influencers build audience trust by truly collaborating with them instead of just renting their ad space and reach. Influencer 3.0 is expected to place a higher emphasis on the “substance equation,” encouraging influencers and brands to create collaborations built around reliability, passion, humility, and vulnerability. These are the type of influencer programs that are expected to best resonate with today’s consumer. 

The customer journey is shortening and social media is leading the way

Brands are realizing that as consumer attention spans shrink, they need to maximize the time they have with shoppers and meet them where they are…and that’s on social media. 81% of shoppers were already using social media to discover brands/research experiences before the pandemic and now the customer journey has been shortened, allowing them to convert directly from social. With social media platforms evolving their shopping capabilities, we will see more brands play in this space and put additional marketing dollars into converting consumers directly from social. In a session led by WARC, the speakers acknowledged that while social commerce is exciting, it also puts a larger onus on the brand to make their social media and influencer collaborations compelling enough to entice consumers to click through to purchase within moments of seeing their product/service. As a consumer, I’ve personally done this and love the ease and instant gratification of the transaction, but as a marketer, I feel the increased pressure to ensure that my clients’ social presence is working as hard as it can to resonate with its target social media audience. 

NFTs may be here to stay

NFTs…a topic that everyone wants to discuss, but one that most people don’t know much about. According to executives from Vayner Media, NFTs are here to stay, and in order for brands to maintain cultural relevance, they need to begin evaluating a strategy. Right now, the majority of consumers are looking to buy NFTs for four main reasons: status, participation, trading, and collecting. But as this matures, it’s anticipated that NFTs will become less about collectibility and more about utility. Brands who want to join the fold as early adopters can mint NFTs that provide utility for consumers. For example, NFTs can offer access to an experience, build upon a brand’s loyalty program, showcase innovation, and give back to philanthropic causes. While only 0.09% of internet users currently have NFTs, it’s expected that this number will increase significantly over the next 12 to 24 months, and as a result, we’ll see price stabilization and the utility aspect of NFTs beating the collectibility. 

CP’s team of senior strategists and anthropologists regularly release insights on cultural, economic, and social shifts that can impact our clients. Here are their most recent observations.

1. People still dream, the scale is just getting smaller.

In the U.S., purchase decisions are shifting as people adjust to their shrinking disposable incomes. With inflation at heights unseen in four decades, cost of living has become a major concern. Although costs like driving to work and buying groceries are impacting people most, attitude and behavior changes are the most dramatic when it comes to larger expenditures like home improvement and remodeling. Even with home values soaring today, consumers fear embarking on bigger home projects due to higher cost of materials and a shrinking contractors universe. But we expect homeowners will still aspire to improve their homes, and will reframe those dreams with more scaled-back, practical approaches.

Sources: Bloomberg, CNBC, IPSOS

2. A reawakening for ‘accessible luxuries.’

Inflation in Q2 and beyond will affect household finances. People are most concerned about energy and agricultural markets and their associated rising costs. Over the past two decades, luxuries and indulgences have evolved in perception from a human want to a human right, perceived to be reward necessities to counter stress and depression. As such, when it comes to tightening the budget belt, we expect consumers to trim their spending on essentials in order to still afford their ‘new need’ indulgences.

Sources: Mintel, Financial Review, Retail Detail

3. She-flation is real and it’s being felt in a big way.

The recent spikes in goods and services is disproportionately affecting women (referred to as “she-flation”). Women tend to do most of the household purchasing of goods and thus are more often reminded of inflation in their everyday lives. People’s individual experiences with inflation depend on their purchasing habits and gender. But brands can identify customer sentiments like optimism or pessimism based on these factors and, in this case, account for the heightened emotional toll of the “pink tax” women feel right now. Brands should assess who’s most affected by inflation and do something about it.

Sources: NBC News, WNYC, UChicago

4. Treats and rewards as today’s self help. 

People are re-evaluating what is a necessity and what is an indulgence. Many people are turning to treats and indulgences as a form of reward and coping or self-help. COVID and lockdown heightened our consciousness on the importance of mental wellness and self care. A brand who encourages people to put their well-being first and encourages treating one’s self is destined to earn affinity.

Sources: Financial Times, The Baffler, AFR, Financial Times, Happiness By Design, Adobe

5. Standing up for something means defying something else.

Alignment against Russia is one of the most extreme alignments among consumers in recent history. People don’t want companies selling to Russia, buying from Russia or maintaining operations in Russia. Younger generations in particular are contributing to effectively canceling a whole country. People want brands to act on their values in ways that may be risky in the short-term, but represent a commitment to personal and organizational human values and equity. Any imaginative brand can find a way to do something similar to create natural affinity.

Sources: Yale, The Hill, The Atlantic, The New York Times, eMarketer

6. People don’t save for a rainy day when it’s raining.

Lockdown and the pandemic provided the chance for many people to consider what was a priority in the short and longer term. Inflation has now made a lot of our longer term goals seem derailed or unattainable in the present day. Consumers need to be reassured by credible sources that they shouldn’t let go of longer term goals. The economic ebbs and flows are normal and in every environment, there are opportunities to take, and plans to be made or to stick with. Reassurance from a bank to go forth with goals and plans can be very inspiring and reinforce those discovered priorities established during lockdown.

Sources: Fidelity, PR Newswire, CNBC, The New York Times, Forbes, Accenture

All good things expire. Look out for more trends coming soon.

Andrea Pappin, Corporate Affairs & Communications, ZOO Digital 

Right beside the Connelly Partners Dublin offices is an incredible place, called the Fair Play Cafe. It makes great coffee, superb sandwiches and opens early, baking its own range of fruit scones. Bliss. Yet it does so much more to help the local community here, as we found out recently. 

How the Fair Play Cafe, ZOO, Connelly Partners, Google and a whole range of local businesses all ended up working together to help (in a small way) the Ukrainian community here, all started with a decaf Americano and a leaflet. See, the Fair Play Cafe regularly runs a hospitality and barista training course for the local Ringsend community – where, over an intense two-week period, students learn coffee making, pint pulling, cocktail shaking, food preparation, top customer service skills and all the other elements you need to work in a cafe, restaurant or hotel in Ireland.   

Just how quickly a group of strangers can move to work together is simply incredible. Two days after one of the ZOO team inquired if this course could be adapted for the Ukrainian community, three people met in a room – Teresa from Google, Joe from Fair Play Cafe and Andrea from ZOO. The first question put to the group was so telling – “so, what roadblocks do we need to move to make this happen?” And happen it did, three weeks later. 

It was a real community effort to turn this initiative around with the ZOO and Connelly Partner teams giving so much. Hours of organisation were contributed, team members met our Ukrainian students on their first day at their bus stops to walk them to the Cafe so they didn’t get lost – and so many of the team contributed €10s to help pay for a lunch for the students, so there was one less thing for them to have to worry about. Thanks to the Ukrainian Matching Fund at Connelly Partners, as well as our team knocking on the doors of other local businesses in our office block, every lunch, coffee and cake our Ukrainian students needed during their course was taken care of. Other local funds help to pay for transport, and many of the trainers of the course (including baristas just back from the World Championships) all waived their fees. 

And it wasn’t just lunch or just a walk. Joe, the main organiser of the Fair Play Cafe, captured it so well in his thank you message to us: “After everyone left the building [after graduation] except for my wife and I, we just sat with them all and chatted with them for over an hour. It slowly dawned on us that they were reluctant to say goodbye to each other as they had formed a special bond of friendship and mutual encouragement, with the older ones acting as big sisters/mothers to the younger ones. There were a lot of tears among them when they finally said goodbye to each other and went their separate ways. Before they left, we assured them that we will organise a BBQ for them all again in a few weeks time when the weather improves.”

It’s the power of a coffee. And a cafe. And a community. And if you’re ever in the Dublin office, make sure to visit the Fair Play Cafe. You never know what could happen.

Brian Kastelein, Director of Data & Analytics 

So it’s official. On March 16, 2022, Google announced their intention to sunset the current version of Google Analytics, called Universal Analytics (UA), that has been the go-to web analytics tool for more than 30 million websites for the past 10 years. It will be replaced by a completely new Google Analytics environment, called Google Analytics 4 (GA4), by July 1, 2023. 

Should you care? Absolutely! Google Analytics 4 will usher in an entirely new era of web analytics that moves away from a dependence on cookies, a tracking mechanism that has come under scrutiny in recent years as concerns over consumer privacy, along with corresponding legislation, have gained traction. In Google’s own words, GA4 is “privacy-centric by design, so you can rely on Analytics even as industry changes like restrictions on cookies and identifiers create gaps in your data.”

In my August blog post, “10 Things to Know About Google Analytics 4 (GA4),” I said the launch of GA4 was a BIG deal. Now with the deadline of July 1, 2023 clearly in view, it is an even BIGGER deal and organizations need to begin to prepare for what will be a major shift in website measurement and marketing campaign tracking.

Start using Google Analytics 4 immediately

Google is making every effort to ensure that no one is caught off guard. For anyone using Google Analytics with some regularity, you’ve no doubt received multiple emails, in addition to the now persistent reminder of the approaching deadline in the blue alert bar across the top of your Google Analytics account every time you log in. 

Now is the time to heed that alert bar. There are ample technical considerations in planning the migration from UA to GA4. Everything from how to best export, store, and reference historical UA data to determining how to most effectively leverage new GA4 standards and functionality for event tagging, UTM conventions, and attribution models will need to be reviewed and configured in order to adapt to the new environment.

If you haven’t done so already, I strongly recommend setting up your GA4 property and running it in parallel to your existing UA account(s). This will allow data to begin to be collected in GA4 and provide a launching point for gaining familiarity with the new environment and exploring the many differences when comparing it to UA.

Begin to climb the steep learning curve

Beyond the technical considerations of GA4, one of the biggest challenges to be faced over the coming months is to effectively communicate to a more general and non-technical marketing audience the various impacts and implications of the shift from UA to GA4.

Complicating factors abound – and it’s going to require dedicated time, as well as a concerted effort, to navigate the UA to GA4 transition.

For instance, there is a “session” metric in both UA and GA4, however, the methodology for calculating a session in the two platforms is completely different making any year-over-year comparisons of “sessions” a bit like apples and oranges. By contrast, other standard metrics in UA, such as “bounce rate,” go the way of the dinosaurs and are replaced by new metrics, in this case “engagement rate,” in GA4.

Explaining these often nuanced differences to time-pressed and results-oriented marketing professionals, who don’t have a high tolerance for having caveats attached to their performance metrics, is going to have to be done methodically and incrementally. But the reality of a move to GA4 is that there are going to be inherent challenges to conducting cross-platform trend analysis and setting benchmarks based on historical performance levels. GA4 is truly a brand new world.

So with plenty of hurdles ahead, the upcoming months will be a true test of organizational fortitude. All marketers, from the more technical to the more creative, will need to collaborate and communicate to successfully navigate the transition to GA4. We are on the steep part of the learning curve, but the potential reward of mastering what will likely prove to be a more robust solution built for the impending cookie-less future must serve to motivate our efforts moving forward. 

It’s yet another interesting chapter for modern marketing.

Check out Brian’s article published in Siliconrepublic.com.

Image source

 

Neal Malone, PR and Social Media Management Supervisor

Four hours. That’s the average amount of time that Gen Z users spend on social media per day.

Once you layer in working, eating, and sleeping, there isn’t a whole lot of time to do much else.

This isn’t a generation that spends time reading articles in the morning, they don’t watch a ton of TV…and the shows or movies that they do watch are through streaming platforms or YouTube. Heck, there’s even data out there now that tells us members of Gen Z are ditching their email in favor of social DMs.

Talk about a hard advertising target, right?! Let’s put it this way…if you’re a brand trying to reach Gen Z – a generation that is already playing a big role in shaping our society and culture – investing in traditional ad formats would be like setting a pile of money on fire. Sorry, it just isn’t going to work.

So that brings us back to social media – quite literally the epicenter of all things Gen Z. There are plenty of ad formats across the various social media platforms, but the more traditional ones are quickly losing their luster. Gen Z users are experts at sniffing out ads and will quickly scroll past anything that feels too promotional. Instead, these users gravitate towards edgy, raw, authentic content featuring real people, real stories, and very little “sales speak.”

Because today, consumers are tired of being sold to. They’re over logos flashing everywhere, voiceovers that cram in talking points, and hired talent that isn’t representative of them or their communities. Consumers in 2022 are savvy and the expectations they have for brands are at an all-time high.

At Social Media Week – a three-day conference hosted by AdWeek in New York City – PepsiCo Chief Marketing Officer, Todd Kaplan, may have summed it up best when he said that “brands should make consumers feel invited, not chased.” Now, you could argue that a company with the history, scale, and brand recognition of PepsiCo doesn’t really need to sell itself to consumers anyway, but Todd’s point is an important one – and all brands should take note.

It’s not that Gen Z (and younger Millennial) consumers are allergic to all marketing and advertising – they just want brands to engage them in a different, more personalized way. The word “authentic” was mentioned more than any other word at Social Media Week (to the point where it started to generate some laughs from the crowd), but the reason why it came up so often is because consumers today demand authentic, relatable content. If it’s anything otherwise, it’s not worth their time.

So what does this mean for brands who want to reach Gen Z and other like-minded consumers?

It means engaging with influencers who can bring a trusted voice to their products, it means leveraging user-generated content to power their brand channels, and it means using social listening to identify trends and keep a pulse on evolving consumer conversations. In a general sense, it means rethinking and modernizing everything we’ve been taught as marketers over the years.

Speaking at Social Media Week, Hootsuite Chief Marketing Officer, Maggie Lower, encouraged brands to be “courageously creative” with their social media strategies and campaigns. She acknowledged that it isn’t easy for some companies to take this leap of faith into a more organic and less buttoned-up content world, but it’s a critical step that brands must take if they want to grab the attention of younger consumers.

If one thing was clear at Social Media Week across all the companies and brands that presented (you may have heard of a few: Google, Meta, Twitter, Snapchat, Glossier, Anheuser-Busch InBev, PepsiCo, and others), now is the time to dive head-first into the world of short-form video, influencers, and creator-driven marketing. After all, Gen Zers will soon be the key decision makers and content curators at our favorite brands, and this type of content won’t be a choice…it’ll be an expectation.

Now, onto the Metaverse and NFTs…just kidding! Next time, maybe.

 ZOO Digital

With the recent announcement of Elon Musk’s deal to buy Twitter, we looked into some of the consequences this may have for advertisers who rely on the platform.

Here’s a quick summary some implications of his takeover that we know so far:

Likely changes to censorship rules to come

• Elon Musk has previously promised to reduce censorship on the platform.
• Describing himself as a “free speech absolutist”, Musk has spoken out against Twitter’s content-moderation practices designed to make the platform safer for advertisers, by keeping toxic and violent content off the social network.
• According to advertisers, Musk’s switch from the constraints of censorship to online free speech could mean ads are shown adjacent to controversial content that brands would not want to be associated with.
• However, the EU has just passed new digital content rules that will soften some of Musk’s cough when it comes to relaxing too many rules around hate speech or threats to violence. There are eye watering financial penalties for social media firms for failure to protect what is said online.

An unclear road for the role of advertising in the Twitter business model

• Musk has previously tweeted that under his new leadership, Twitter would have “no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive.” That tweet has since been deleted.
• Most of Twitter’s revenue comes from advertising – in Q4, 2021, the company reported advertising revenue of $1.41 billion out of $1.57 billion in total revenue during that quarter.
• Ads account for nearly 90% of Twitter’s revenue now, while data licensing accounts for most of the rest.
• The $5 billion-a-year advertising business model is now under the leadership of someone whose current company, Tesla, buys no advertising.

Corporate reputations again to the fore when it comes to ad budgets

• Brian Wieser, the global president of business intelligence at ad-buying company GroupM, claims most advertisers who use the platform “strongly prefer content standards” on Twitter.
• Advertisers will likely be reluctant to have their message in the same timeline as anti-Semitism or violence again women.
• “The advertising industry is wary of Musk’s proposal to loosen speech rules on Twitter”, according to Mike Zaneis, co-founder of the Brand Safety Institute, a nonprofit organisation of digital advertisers concerned about objectionable material online.
• “Nobody wants to go back to the Wild, Wild West,” Zaneis said, referring to a time when forums and social media platforms had little-to-no content moderation. “It was painful. It was harmful to brands. It was harmful to citizens. We’ve made incredible strides, and I think a reversal would be unfortunate.”
• Ad agencies have expressed concern that Musk’s unconstrained approach to Twitter will make the social media platform less safe for brands.
• However, some don’t expect that there will be an immediate change in ad dollar spend until advertisers see a material change in the policies.

So….

So, what we do know is that changes are highly likely in the Twittersphere. What those changes actually mean when bottom lines and reputations come into play are yet to be seen. For now, your ad budgets are operating under the current rules of conduct and corporate reputation management. However, watch this space ad buyers. Don’t know about you, but we’re putting an alert on Elon Musk’s Twitter account.

Sources: BBC, Wall Street Journal, NBC News, Yahoo Finance, Politico Europe

Allie Pignataro, Associate Media Director

It’s early April in Palm Springs, it’s hot as hell in the desert, and media agencies, advertising agencies, and technology companies alike are strolling through the doors of the Miramonte Hotel, two years after the onset of COVID-19. Everyone is ready to embrace new and old faces, but more importantly, navigate this new era of change and uncertainty that has undoubtedly made its mark on the advertising industry.

I was lucky enough to attend this year’s Digiday Media Buying Summit where I listened in on many fireside chats and panels, as well as participated in town-halls and group discussions surrounding the hot topics in the media and marketing world. There were a lot of interesting conversations about new media channels, data privacy, etc., but there was one in particular that really struck home for me: the rise of the independent agency.

I know this idea isn’t necessarily a new phenomenon per-se. But although the pandemic has disrupted ad agencies of all sizes, it’s become clear that this ‘experience’ has really showcased the power of the independent agency model. I was very proud to be representing Connelly Partners prior to the summit, but I left feeling even more proud to be part of an organization that embodies and exhibits the unique value and strengths that independents can offer.

To highlight a few:

Agility

Surviving in the marketing industry means being able to quickly adapt to the needs of your consumer. As market demands continue to change at extremely high rates, there is an insane amount of value in the ability to be flexible. Every company knows that. Leaving wiggle room for innovation and change is a vital part of being successful. Simply put, ad agencies that are independent have less red tape. They’re free from agency network bureaucracy, allowing them to make quicker decisions and react at speed. 

Choice

Independent ad agencies make their own choices versus having them made for them. This is reflected in the talent that they hire, the various strategic business decisions they make, and having the privilege of seeking out prospective clients who are like-minded, demonstrate very similar passions, and exemplify the same philosophies and values.

Accountability 

Independent ad agencies are able to take accountability for every action they take, both good and bad. But, they kind of have to as small shops as there’s no one else to pass the blame to. While it’s easy to bask in success, it’s equally important to own up to mistakes. This type of transparency works well for both clients and employees.

Creativity 

Independent ad agencies are typically smaller and have fewer resources. This can actually be perceived as quite a large advantage as it provides departments more clarity and encouragement to be resourceful in how to think about developing and communicating new ideas, strategies and insights. The notion of “less is more” is completely suitable in this case. Independents scratch the surface to find solutions that perhaps haven’t been contemplated by others previously.

It was rewarding to hear many people share the same perspective in that independent agencies know damn well how business is run. They are laser-focused on the well-being of the client, while also taking the time to understand their bottom line. Most importantly, independent ad agencies truly care about the impact their work and dedication has on the overall business, a priceless aspect that money can’t buy. 

 

 Ali Sayles, Media Supervisor 

This month, Connelly Partners gave me the opportunity to take a break from my day-to-day media planning responsibilities to attend the Digiday Media Buying Summit in Palm Springs, California. Along with enjoying the beautiful weather, I was able to learn from some of the top media executives in our industry. During our three days together, we covered a variety of topics ranging from emerging media and marketing trends, the cookieless future, and ways to evolve media strategies. I walked away with new connections, and a breadth of knowledge which I’m excited to share with my Connelly Partners colleagues and clients. Here are a few of the topics that stood out: 

Transparency is key. 

With the cookieless future upon us, it’s important, now more than ever, to ensure that we’re transparent with how we’re collecting and measuring media data. This impacts communication not only with marketing and advertising clients, but internal agency teams as well. 

Clean rooms are the new future. 

Clean Rooms are a must in order to ensure that media data is being used in a privacy compliant manner. Many media and technology vendors are offering their solution, but it’s important we align on which solution is the path moving forward. 2023 will be here before we know it.

Metaverse is emerging, but still too new.

There’s been a ton of conversations surrounding media and the Metaverse, but the hype outpaces the material value. There are still questions that need to be answered; Where does the Metaverse fall within the social and media landscape? Will there be advertising within the Metaverse? How will we do it? Can we measure it? It’s still too early to tell. 

Gone are the days of upfront media planning. 

The pandemic has increased the need for media teams to be nimble when it comes to our media strategies and tactics. We saw this with COVID-19, the Ukraine and Russia, as well as the chip in the auto industry. Events like these have forced us to have a plan A, B, C, and D ready to activate.

So, what’s next for media planning and buying? If there’s one thing that I learned, it’s that what’s next changes constantly. Tools, products, and technology are constantly evolving, but that’s the best part of our job; no day in media is the same. Stay hungry for knowledge, be a sponge, ask questions, and poke holes.

Oh, and stay hydrated, because it definitely gets hot in the desert.