Mediaboss Marketing

Its been quite a year, hasnt it? While some companies have flourished, others have fallen by the wayside, unable to compete in quickly changing (and unexpected) market conditions. So we wondered, what are companies doing to survive and thrive online in these difficult times?

Our research and experience with customers shows us that companies that benchmark their social advertising efforts against the competition are able to pivot quickly to address shifts in consumer behavior, customer demand, and competitive campaigns. But its not always easy.

Recent research published by BrandTotal gives us some indication of that. For example, in a recent survey of 500 U.S.-based CMOs conducted by Pollfish on behalf of BrandTotal in April 2021, 87% of respondents said that while they had a tool to measure the impact of their creative performance, only 37% of respondents actually benchmarked their creatives against rival brands advertising creative with a creative intelligence tool.

So, how can you know how your company is performing in social advertising, especially when it comes to brand metrics such as share of voice, consumer sentiment, consumer engagement, share of topic, and other data? Lets take a closer look at this important strategy, starting with key challenges.

Why Is So Hard to Optimize Media and Creative when Advertising on Social Media?

There are several reasons that make strategic social advertising so difficult:

How to Benchmark Against Rival Brands to Improve Your Social Advertising

We here at BrandTotal believe that to optimize your social advertising strategy, you must be able to directly address the key challenges listed above, and one way to do that is with competitive social advertising intelligence, which enables you to:

Tools like BrandTotal can act as the one stop for all competitive social ads paired with real (and real-time) consumer response on that ad or campaign. With unparalleled campaign granularity and 100% visibility into paid social dark advertising, you get third-party validation of your social performance benchmarked against the competition. Shorten the time to ad optimization from an average of 14 days to 24 hours. And no more relying on dubious stats from social channels that dont correlate to anything else. Moreover, such a tool helps you identify better creative so you can produce optimized content, faster and shorten time to creative by 50%.

Doesnt that sound like a smarter way to manage your brands social advertising? To see the power of BrandTotal, the company has recently released dozens of industry research reports based on the data we collect. In BrandTotals new monthly Social Competitive Intelligence Snapshots, we reveal key trends and benchmarks to help you outsmart the competition while optimizing your brand ROI. Get an in-depth review of the competitive marketing in your industry to understand whos winning at paid social across channels and which channels are most successful at driving SOV and engagement.

A Crystal Ball Looking Into the Future

While its been a rocky year, to say the least, we are heartened by the fact that many businesses have pivoted to a strategic approach to social advertising to help them stand up and stand out against their rival brands and better connect with their consumer audiences. As the world returns to a new, new normal, advertisers will continue to move toward social commerce and direct-to-consumer marketing to engage their potential customers and create loyal fans. And when they do, BrandTotal will be there to help those brands understand their competitions strategy and uncover whitespace opportunities to win. Heres to the future!

Link:
BrandTotal on the Importance of a Strategic Approach to Social Advertising - OCNJ Daily