1. Lines Blur as Google, Facebook, and Amazon Eat the World – As the triopoly rises to the top and competes fiercely with each other for digital ad dollars, the worlds of search, social, and eCommerce will continue to blend together. Amazon is essentially a massive search engine now, Google has seen great success with Shopping Ads, and now Facebook, through Instagram, is becoming a major player in eCommerce. How can marketers optimize spend?
The Opportunity: Marketers will need to work hard to connect the dots across all these different channels and seek out an independent view of the entire customer journey, especially as lines are blurring across publishers and devices.
2. Rise of Instagram and Facebook Stories – During its Q3 2018 earnings call, Facebook reported that more than 1 billion Stories are shared daily across Facebook, Instagram, and WhatsApp. And where consumers go, marketers follow. Marin Software’s Q3 Digital Advertising Benchmark Report found Stories represented 25% of their total Instagram ad spend, up from just 8% a year earlier—that’s a 212% increase YoY and rising.
The Opportunity: Because Stories are such a rich, immersive ad format, there’s plenty of opportunity to experiment with engaging creative. But brands are at the mercy of users’ thumbs clicking through the story quickly, since Facebook hasn’t yet implemented unskippable ads like Snapchat. So, it’s more important than ever to get the creative right, especially since Facebook is still working out the kinks of the format.
3. The Chatbot and Messenger Advantage for Brands – The number of mobile messaging app users in the U.S. will reach 171.3 million by 2022, according to eMarketer estimates. Advertisers are only just beginning to realize the true potential of the channel.
The Opportunity: Messenger apps present an opportunity for brands to move conversations forward in a way unlike any other format. Brands can have asynchronous conversations—where they can pop in and out of the app—at various points along the customer journey (when a user abandons the shopping cart, for example).
4. Brace for Impact: CCPA is Just the Beginning of Data Privacy Laws – Brands should be prepared for more states, and possibly the federal government, to follow in California’s footsteps with GDPR-like regulations. As industry leaders and government officials continue to take strides toward privacy requirements, marketers need to understand their data infrastructure and make preparations now, anticipating that new regulations will go into effect and shake up ad strategies.
The Opportunity: While these changes may seem daunting now, it’s important to remember that it’s still possible to reach consumers in a courteous way, respecting those who choose to not have their data shared and honoring those who do share their data but still want it protected. This mutual understanding and promise of transparency will keep companies in a good light and should not deter them from continuing to create meaningful, engaging, and relevant advertising and marketing experiences for customers and prospects.
5. Utilizing Search and Other Marketing Data Across the Organization – Google’s search query report tells you exactly what people have searched for. That’s a fire hose for any company to see what their customers are really seeking. Users often search for something much broader than a specific product, and beyond shaping marketing strategy, such marketing-centric data will increasingly be utilized across the organization.
The Opportunity: The smartest marketers will keep mining search and other types of data to stay competitive, whether it’s to improve the customer experience or inform product, services, and merchandising decisions. For example, marketers can use search intent to uncover valuable insights across channels, and take advantage of specific terms and user behaviors to fuel ongoing brand strategies and tactics.
6. New Rules for Political Ads Heading into 2020 – The 2018 midterm elections changed the rules for political ads. Between shrinking TV ad influence, growing digital ad spend, and general public distrust in social media, candidates had to get creative and fork out some major cash in order to come out on top. Much of this spend was directed towards social ads, with some estimates showing “60 percent of every digital ad dollar goes toward social networks, including Facebook, Twitter, YouTube, Snapchat and Instagram.” This was only a glimpse into the political ad frenzy that we’ll begin to experience in 2019 as the next presidential election approaches.
The Opportunity: Political advertisers are entering a new landscape—one that’s harder to break through with all the digital noise and distrust. Candidates must be diligent about utilizing data and understanding which channels are generating the most impact, and maximizing spend accordingly.
7. eCommerce as An Advertising Channel – 2018 was the year of Amazon, as it turned the duopoly into a trioploy and officially became the third largest digital advertising platform in the U.S. behind Facebook and Google. But Amazon isn’t the only retailer seeing major success in eCommerce—other major plays are bound to follow suit by monetizing their websites
Read More Information at https://www.fourthsource.com/online-advertising/top-10-trends-in-digital-advertising-in-2019-23461
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