In an increasingly complex publishing world, where audience engagement relies upon a mix of print, digital and experiential offerings, research and audience insight are more important than ever. That research was in evidence at the recent FIPP & UPM Insight Awards, an annual event which highlights research-driven pieces of work that have enabled publishers to materially improve their business. And what was strikingly apparent from this year’s winning entries, was the prominent role still played by print publishing among the many successful multi-platform strategies delivering great audience engagement and success. Take this year’s overall winner, for example – a partnership research programme carried out by Immediate Media, Bauer, Haymarket and Dennis. The objectives of the programme were to explore the role and influence of motoring magazines in the car purchasing journey, the role they play in building brand awareness and consideration, and how advertising within motor magazines amplifies editorial content. Click Read More below for additional detail.
E-commerce has expanded the retail sector’s battlefield to beyond the physical store. While e-commerce has been at the center of retailers’ growth plans, expanding physical shelf space is still crucial to marketers. As someone who used to work in the retail sector, I know that just three feet of additional shelf space can result in 10 percent revenue growth for a marketer.
The war for shelf space is now inextricably linked to the war for digital space. The impact of endcaps in store aisles critically influences and is in turn impacted by the growing range of virtual message extensions outside stores on every consumer’s mobile screen. These messages on screens as well as in store aisles are informed by consumer signals amassed and dissected from parking lots, train stations, airports, gyms and malls. These signals have become invaluable to target an audience at the right place, at the right time, honing in on people’s specific interests and distinct shopping behaviors.
If the key to 21st century marketing success is via the conquest of online-offline integration, then location-based data technology and targeting is the fuel to fight competitively in this expanded retail arena. We will look back in another 10 years and look at the 2020s as the decade when brands primarily bid on location to engage audiences and expand their market shares. It will feel similar to how Google transformed marketing, with the search engine forcing brands to compete on keywords to mark their own brand name territories.