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Unlocking Growth on Amazon DSP with Human-Centered AI

Unlocking Growth on Amazon DSP with Human-Centered AI

AI AI, Media Analytics, Media Strategy & Planning, Performance Media 5 min read
Profile picture for user Ladipo Fagbola

Written by
Ladipo Fagbola
Ecommerce Account Director

A man with dark, wavy hair stands with his back to the camera, wearing a mustard-yellow button-down shirt. He is looking at a large video wall composed of multiple screens, each glowing with bright, colorful, and abstract digital displays in a dimly lit room.

What an exciting time to be a marketer! The digital landscape is constantly evolving, and Amazon, with its vast ecosystem, continues to present incredible opportunities for brands. We recently had the opportunity to present to Amazon about the innovative AI capabilities within Amazon DSP. This article is a recap of what was covered in that session, focusing on two of Amazon's powerful AI models, Brand+ and Performance+, and how they are designed to simplify media buying and elevate advertising efforts.

Navigating the Amazon Ecosystem with AI.

Many of us know Amazon for its ecommerce prowess and popular media platforms like Prime Video and Twitch. But Amazon boasts over 40 different owned properties, and this extensive network creates a rich tapestry of first-party data, offering a significant understanding of consumer behavior. However, truly harnessing this data and understanding how shoppers move across properties—from watching a show on Fire TV to shopping on the Amazon website—can be complex.

Beyond Amazon's owned properties, Amazon DSP also offers access to a massive network of third-party inventory through Amazon Publisher Direct and various ad exchanges. This opens up even more avenues to reach your audience wherever they are online. The challenge, then, becomes identifying the most efficient path to deliver your impressions. This is where Amazon's human-centered AI truly shines.

Introducing Brand+ and Performance+

Amazon's AI models, Brand+ and Performance+, are built on the foundation of Ad Relevance, an AI machine learning tool developed to increase addressability in cookieless environments. These models are not about replacing the human media buyer; instead, they are designed to collaborate, offering transparency and control. You can see exactly what the AI is doing, why it's doing it, and crucially, you can intervene, nudge, and redirect to ensure it aligns with your strategic goals.

This infographic, titled "Full Funnel Coverage," displays a marketing funnel divided into three sections from top to bottom: Awareness, Consideration, and Conversion. The top "Awareness" stage is labeled "Brand+" and is described as engaging users with the intention of converting in the future. The middle "Consideration" and bottom "Conversion" stages are grouped together under the "Performance+" label, which focuses on engaging immediate converters to drive short-term actions.

While both models utilize the same underlying logic, their primary differentiator lies in the outcomes they are designed to generate:

  • Brand+: Focuses on the top of the funnel, prioritizing awareness, reach and frequency, with a secondary goal of future conversions within a 12-month conversion horizon. This model is ideal for building long-term brand salience and memory structures. We've seen Brand+ campaigns perform exceptionally well with video creative and streaming inventory.
  • Performance+: Centers on consideration and conversion within a shorter 30-day conversion horizon, aiming for immediate conversions and measurable ROI. This model is highly effective for driving actions like purchases. While it can utilize streaming and online video, we often recommend focusing on online video (OLV) and display inventory for optimal results.

How do these models work?

The intelligence behind Brand+ and Performance+ can be broken down into four key components:

  1. Advertiser Event (Human-Defined): The process begins with you! You define the specific conversion events you're tracking. This could be anything from website purchases tracked via the Amazon ad tag, offline conversions integrated through a Conversion API, purchases of specific products on Amazon via ASINs, or even mobile app installs and actions reported by an MMP. This human input is crucial, ensuring the AI aligns with your unique business objectives.
  2. Addressability Graph: Based on your defined advertiser events, the AI creates a comprehensive "addressability graph." This map provides a multi-property overview of how your converting customers interact across the vast Amazon ecosystem and beyond. It helps understand their journeys, their paths and their engagement patterns.
  3. AI Prediction (Lookalike Audiences and Predictive Scores): From the addressability graph, the AI intelligently creates audiences similar to your existing converters—essentially, a lookalike audience. It then generates predictive scores for individuals within this lookalike audience, identifying those most likely to convert based on the creative being served and the desired outcome within a specific timeframe. This ensures your ads are delivered to the most receptive audience.
  4. Campaign Delivery and Continuous Optimization: The AI then dynamically delivers impressions through the most efficient channels, whether it's Amazon Prime Video, Magnite or Amazon Publisher Direct. What's truly powerful is the continuous learning loop. The AI constantly tracks post-impression conversions, updates its model, and refines its targeting as more data becomes available, ensuring your campaigns are always optimizing for better outcomes. This process requires a consistent feed of advertiser events, as static data alone isn't enough.

Easily set up your campaigns.

Setting up campaigns with these AI models is incredibly straightforward, often taking less than two minutes for Performance+ and even quicker for Brand+.

For Brand+, once you've defined your conversion event and set your budget, you're ready to launch.

For Performance+, you have the flexibility to choose from three sub-models:

  • Customer Acquisition: Targets net new shoppers who haven't interacted with your brand, excluding those who have converted in the past 90 days.
  • Remarketing: Focuses on users who have engaged with your brand or product but haven't converted in the last 90 days.
  • Retention: Aims to re-engage customers who have interacted with your brand and have not converted in the last seven days, fostering loyalty.

We often recommend starting with all three sub-models for Performance+ and then reviewing their performance to optimize your strategy.

Empowering marketers beyond automation.

Even with AI doing the heavy lifting, you retain full access to all the familiar optimization tools and reporting capabilities you'd expect from Amazon DSP. This includes granular inventory reports, creative performance analysis and insights into geographic and audience metrics. You can still leverage pacing controls, day-parting, frequency settings and the powerful insights from Amazon Marketing Cloud (AMC).

For first-time users, we always suggest running Business as Usual (BAU) campaigns alongside Brand+ and Performance+. This allows you to truly appreciate the incremental value these AI models deliver. We also recommend a minimum flight of two months for both models to allow the AI sufficient time to learn and optimize.

A presentation slide titled "PERFORMANCE+ CAMPAIGNS" displaying key metrics for "Link-out" and "Link-in" campaigns. The "Link-out" section shows a 400% ROAS improvement after manual intervention and a 1.6X ROAS compared to business-as-usual. The "Link-in" section shows a 50% higher ROAS compared to the BAU campaign, a 66% lower CPA (Cost Per Acquisition), and a 13% higher CPM (Cost Per Mille).

Demonstrating real-world impact.

We've seen firsthand the significant impact these AI models can have. In a recent link-out campaign (tracking conversions outside Amazon's ecosystem) for an advertiser, our manual interventions—specifically refining sub-models and optimizing frequency caps based on AMC insights—led to an incredible 400% increase in ROAS for the Performance+ campaign. Ultimately, this campaign delivered 1.6 times more ROAS compared to the BAU approach.

Similarly, for a link-in campaign (tracking purchases on the Amazon website), the Performance+ campaign achieved a 50% higher ROAS than BAU. While the CPM for Performance+ was 13% higher, the CPA was 66% lower, underscoring the AI's ability to drive more efficient outcomes by focusing on valuable conversions rather than just cheap impressions. This highlights the ongoing industry conversation about prioritizing effective inventory over merely the cheapest.

A partner for success.

At Monks, we're proud to be an AWS Partner, with a 13-year partnership with Amazon. Our expertise in AI has been recognized with awards like the AI Pioneer by The One Show and AI Agency of the Year from AdWeek. We are also a certified AdTech Reseller and Activation Partner for Amazon DSP.

If you're looking to simplify your media buying, unlock the full potential of Amazon's ecosystem, or just want to explore how these human-centered AI models can transform your advertising strategy, we're here to help. Reach out to us for a tailored session or a casual conversation about achieving your goals with Amazon. We'd love to partner with you on your journey to growth and innovation!

Unlock growth on Amazon DSP with human-centered AI. Learn how Brand+ & Performance+ models simplify media buying and boost your advertising results. media buying amazon dsp brand performance amazon ecosystem Media Strategy & Planning Media Analytics Performance Media AI

What Gen AI Means for the Role of a Media Planner

What Gen AI Means for the Role of a Media Planner

AI AI, Media 4 min read
Profile picture for user Victoria Milo

Written by
Victoria Milo
SVP Global Media, Solutions & Emerging Technologies

two photos of the AI Deciphered event

When you hear generative AI, you probably picture LLMs generating images, text, music and other types of content that mimic human creativity—tools for creative professionals. Its role in media planning and buying isn’t typically the first thing people consider, but I’ve seen first hand how generative AI is reshaping the media planning process. 

Working with brands like Chime who have sophisticated multi-channel advertising programs, my colleagues have unlocked benefits ranging from enhanced automation to scalable personalization, all while driving cost efficiency. This topic took center stage during a panel discussion at Campaign’s AI Deciphered 2024, featuring Brayden Varr, ACD at Chime; Ashwini Karandikar, EVP of Media, Technology, and Data at The 4A’s; Jesse Waldele, and SVP of Digital Operations and Client Success at Dow Jones; along with myself.

Steve Barrett, our moderator and VP and editorial director at PRWeek & Campaign US, opened the panel discussion with a pivotal question: What do the new AI-powered tools mean for the role of a media planner? Below are some key insights from our session.

Creative and media are becoming closer together.

Historically, creative and media roles operated in silos, each adhering to their own set of responsibilities. This setup is far from ideal, because the intersection of creativity and performance analysis is crucial for brands to succeed. As Karandikar put it, "The creative arm needs to speak the language of performance while still capturing the brand message.” However, reaching a point where team members could put aside their production tasks to collaborate with others was, at the very least, challenging.

Now, with AI managing repetitive tasks and various aspects of content generation, creatives can concentrate on higher-level strategic thinking and innovation. As a result, they can collaborate more effectively with media planners—and vice versa—gaining deeper insights into target demographics and enhancing campaign optimization. Plus, it opens up new possibilities for media planners who may not have the support of creatives on their teams.

Varr, approaching the topic from the creative and design side, highlighted how performance marketers are leveraging AI tools to enhance creativity on limited budgets. “If you work in the performance space, you probably have zero creative production budget,” he said. “But we have to get noticed. With tools like Adobe and Midjourney, we can create content that helps us stand out in these feeds more than ever, and it’s positively impacting our key metrics that we evaluate every day.”

What’s more, in highly regulated markets, brands often face restrictions that prevent them from using demographic data, such as age, gender, or location, to target consumers. Instead, they can rely instead on creative content as a key input. That means exploring various attributes—such as interests, behaviors, or emotional triggers—within the creative itself to connect with consumers. Media buyers are increasingly collaborating with creative teams, brand strategists and media strategists to craft campaigns that resonate with target audiences. 

It’s not just about automation; it’s about intelligence.

As mentioned earlier, automation allows creatives and media planners to focus on high-value tasks rather than routine analytics. But it doesn’t end there. Gen AI excels at processing vast datasets to reveal patterns and trends that human analysts may miss. By generating actionable insights, generative AI helps inform media strategies, allowing planners to optimize their approaches based on real-time data rather than relying solely on historical experiences.

Waldele said, “Where we really see a huge opportunity is not just in media plan automation, but in media plan intelligence. We can create media plans that are performing and infused with that intelligence.” To provide an example, working with enterprise clients with complex media programs, we can automatically tag thousands of potential attributes within our creatives. This used to be a cumbersome task that required building complex taxonomies to capture various elements of an ad. Marketers had to create detailed tags for simple attributes like “red background” or “blue background,” while also specifying the product’s context. This method imposed limits on the number of characters allowed in an ad name and often left teams struggling to log every attribute of the creative that could impact performance.

Now, the automatic tagging capability streamlines the process and enhances the depth of analysis. AI can pick up subtle details that were previously imperceptible to the human eye—such as whether a card is positioned at the top of a phone or next to it—and understand how these elements resonate with audiences. Moreover, many ad platforms integrate generative AI to dynamically alter creatives in response to immediate audience feedback. It’s a significant leap forward—not just in terms of efficiency, but in the depth of intelligence that drives media planning today.

There’s value in taking risks.

From highly personalized creative content to real-time insights, brands have much to gain by incorporating generative AI into their media strategies. Still, many find themselves caught up in the challenges, risks and considerations. As Varr said, it’s easy to say no to these tools, but doing so can be costly. Once your competitors start effectively harnessing the untapped potential of generative AI, catching up becomes a formidable challenge.

While smaller brands tend to be more agile and willing to take risks, established enterprises have just as much—if not more—to gain from embracing innovation. To secure your team’s buy-in, Varr suggests, “Find someone who believes in it, and then demonstrate the impact. If you can do that, that’s when you’ll succeed.”

We are entering a new era of collaboration, agility and intelligence. By breaking down traditional silos and fostering collaboration among creative, media, and strategic teams, organizations can leverage the full potential of their insights and automate routine tasks. This empowerment not only enhances creative quality and campaign effectiveness but also positions brands to respond swiftly to market dynamics. In a time when agility and informed decision-making are crucial, those embracing generative AI will not only stay ahead of the competition but also redefine what's possible in media planning and execution.

Explore how generative AI is reshaping media planning by enhancing automation, collaboration and insights, bridging the gap between creativity and data-driven strategies. Discover how generative AI transforms media planning with automation, data-driven insights and enhanced collaboration for smarter campaigns. media buying Generative AI customer data automation AI workflows Media AI

How to Choose Media Channels to Drive the Best ROI

How to Choose Media Channels to Drive the Best ROI

Data maturity Data maturity, Media, Media Analytics, Media Strategy & Planning 3 min read
Profile picture for user mediamonks

Written by
Monks

A magnifying glass laying on a graph

When planning a media campaign, it is important to choose a mix of channels that will provide the greatest return on investment (ROI). The more sales driven by each unit spent on a channel, the more successful that channel has been at driving ROI. Marketing mix modeling tells us that channels vary in their average ROI, with some media giving you more bang for your buck than others. Where TV used to be the media channel that was most likely to pay back a company’s investments, marketers now primarily turn to social media. According to HubSpot’s State of Inbound Marketing Trends Report 2022, Facebook is still the leading social media channel in terms of engagement—and thus a go-to platform for marketers.

It’s not only important to know which media channels perform best, but also why they do better than others. To help your marketing team figure out what works best for your brand, our media experts have outlined four main factors that help explain the ROI of a particular media channel. 

Engagement. Due to the medium used, some channels are naturally more engaging than others. The more engaging an advert, the more memorable and more likely it is that consumers will react to it. Comparing TV adverts to print, the former makes use of visual and sound effects that allows for more engaging content, whereas the latter is more limited by its medium. When it comes to social media, popular platforms such as TikTok have shown the widespread impact of video content in any form. “From the addition of Reels into Facebook, to the rise of YouTube Shorts and TikTok overtaking Google as the most popular domain, the great shift to short-form video is in full swing,” according to HubSpot

Targetability. This factor refers to how well marketers are able to reach their target audience using their selected channels. Online channels tend to have greater targetability than offline due to their ability to choose to show adverts to very specific demographics. Online channels also allow for retargeting customers who have already seen an advert from the same company, which is very useful when it comes to selling a large amount of items like flight tickets. Greater targetability boosts ROI because less spend is wasted on people who see the advert, but aren’t likely to purchase the advertised product. That said, the requirement of targetability depends on what a brand is selling, as some products appeal to broad demographics and thus do not necessitate targeted advertising.

Adstock. The adstock effect—which is also known as the ‘memory’ effect of media—differs between media channels. TV, for example, tends to have a higher adstock because the adverts are often more memorable compared to channels like online display, where the adverts are typically simpler, subtler and therefore less engaging.

Reach. Last but certainly not least, the number of views and impressions that an advert can generate depends on what media channel is used. By working with channels that have large and widespread audiences, you increase the chances that your advert reaches many people. Some channels are more limited and simply have less consumers using them, which can lead to diminishing returns because your ads keep reaching the same, smaller audience.

In all, these pillars help explain the differences in sales uplift per dollar spent when comparing the impact of your ads across different media channels. This knowledge is especially useful when it comes to making a decision about your brand’s optimal media channel mix. However, that said, it is important to note that a channel’s ROI shouldn’t be its only measure of success. Some channels serve a particular purpose such as driving brand awareness, and thus might still deserve a place in your brand’s optimal media mix, despite their potentially lower returns. In short, ROI isn’t the main metric that brands should be chasing—rather, from a business point-of-view, it’s best to consider this in maximizing net profit. Learn more about how we can help now.

Find out the four main factors that help explain the ROI of a particular media channel, and which works best for your brand. media strategy media buying TikTok Facebook Media Media Strategy & Planning Media Analytics Data maturity

Looking Back at a Year of Digital Innovation

Looking Back at a Year of Digital Innovation

AI AI, AI & Emerging Technology Consulting, Extended reality, Metaverse, New paths to growth, Technology Consulting, Technology Services 7 min read
Profile picture for user mediamonks

Written by
Monks

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Lea este artículo en español aquí.

And just like that, another year comes to a close—twelve months packed with the emergence of exciting developments in technology and new consumer behaviors. The metaverse matured, commerce went social, and brands learned to move beyond vanity metrics and cookie consent to build actionable data with bottom-line impact. In essence, there’s been no shortage of challenges (and solid victories) over the past year—so as you begin to look ahead at the next, let’s take a quick review of 2022 highlights and trends.

Virtualization defines the transformation of digital.

As the world opened back up, an era of digital transformation gave way to the transformation of digital. By this, we mean virtualization: a set of new audience behaviors, cultural norms and technology paradigms resulting from 30 years of digital transformation, hyper-accelerated over the past five years. Virtualization, covered in our report earlier this year, marks a revolution in consumer behavior as people demand more from the digital platforms they engage with, which implicates the ways they look at digital experience, community, ownership and identity. For example, the design of ComplexLand, a virtualization of the hype-fueled annual event ComplexCon, was built around the insight that today’s fashion trendsetters are becoming just as invested in their digital identities as their corporeal ones.

The Social Innovation Lab, who explores up-and-coming trends in social, delved deeper into what motivates some of these behavioral changes in The Search for Meaning. By exploring how technology shapes the ways consumers find and make meaning in their lives, the Social Innovation Lab uncovers how brands can adapt to the new era in digital.

Monks Thoughts We're seeing the emergence of a new set of consumer expectations based on digital experiences that are richer, more meaningful, and more ownable. New tools, technologies, and talent on part of brands to show up and meet consumers in a new way. We call this virtualization

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Doug Hall VP, Data Services and Technology

Experiments in the metaverse drive real success.

One of the biggest manifestations of the virtualization trend has been the rise of the metaverse, which many brands have experimented with this year to find their footing. Duolingo celebrated the birthday of its lovable (and persistent) mascot by hosting a game jam in Roblox and building larger-than-life public artwork in Decentraland. Logitech for Creators reinvented the awards show format by building the first music awards show in the metaverse, the Song Breaker Awards.

The fashion industry in particular has found a lot of success in the space. Liam Osbourne, Global Client Partner at the FLUX.Monks, our dedicated fashion and luxury team, shared with Vogue some insight on how the metaverse is an opportunity to become more inclusive. For brands exploring that question and more, the FLUX.Monks have authored a quick bulletin on why the metaverse matters.

Monk Thoughts Exploring the rules for access that are not the traditional levers of wealth or proximity to power would be great to see.
Liam Osbourne

As the metaverse continues to take shape, now is an excellent time for brands to continue experimenting in the space, which was a large part of a discussion shared between SVP Web3, Metaverse & Innovation Strategy Catherine D. Henry; Chief Innovation Officer Henry Cowling; and Mike Proulx, VP and Research Director at Forrester as part of our Meet Me in the Metaverse series. Eager to get started experimenting in the metaverse yourself? Our map of the metaverse can help you find the right home for your brand within this quickly evolving space.

Web3 and other emerging tech begin to mature.

In addition to the metaverse, other emerging technologies have fueled transformative digital experiences—most notably Web3. We showed up at NFT.NYC, the biggest Web3 conference on this side of the screen, with an immersive installation for Cool Cats that blurred the boundary between virtual and the real. Meanwhile, Gucci opened the virtual door to an immersive gallery space used to host an auction of NFT artwork.   

More than just a new tech infrastructure, Web3 marks a foundational shift in brand-consumer relationships, a topic covered in a bulletin we released in collaboration with Salesforce this year titled Web 3: The Future of Customer Engagement. For those wondering how to begin making moves in Web3, check out insights from our In a Monk’s Opinion series, which lays out everything you need to know about NFTs and the blockchain. One tip from the Labs.Monks: be sure to make your NFT projects sustainable.

Speaking of the Labs.Monks, our R&D team has continually released missives on the bleeding edge of tech throughout a year of innovation. Their most recent report on generative AI explores the potential of AI tools like Dall-E and Mid Journey that have captured creatives’ imagination (and people’s social feeds). One example of what the tech can achieve: unlocking efficiencies in animation and other production needs.

Creativity and media go hand in hand.

Throughout the digital era, it’s been tempting to focus attention on vanity metrics. But as CMOs invest more dollars into media (and face increasing budget scrutiny with a possible recession), they will benefit from transforming their approach to a more holistic strategy that blends media and creative to optimize their spend. Speaking to Digiday, Media.Monks Global Head of Media Melissa Wisehart unveiled how our integrated media pillar is designed to help brands make this leap.

Monk Thoughts We’re really looking at and drawing statistical correlation between what happened in the media universe and what is the downstream business impact.
Melissa Wisehart headshot

Uni's relaunch campaign demonstrates this more holistic approach through the development of both the creative and media placement by one partner. With three creative variations and four measurement initiatives, we ensured the creative rolled out across today’s most relevant channels according to their purpose within the brand ecosystem.

When it comes to creative optimization, wellness brand Hatch found great success—and shared some of their secrets in an episode of In a Monk’s Opinion featuring Hatch’s VP Growth Marketing Holly Elliott. Many brands that rely on digital platforms for their marketing face a series of challenges: rising acquisition costs; a limited ability to manage their performance, attribution and audience targeting; and the risk of losing brand authenticity. Hatch assuaged these concerns by striking a balance between creative and performance. In the episode, Holly and our creative performance experts offer insight into how historical performance data can fuel further creative iterations.

Brands prepare for the oncoming privacy era.

While media optimization and performance may be top of mind now, budget conscious CMOs are also eyeing another obstacle on the horizon: overcoming their reliance on third-party cookies as attitudes in privacy shift and as Google aims to sunset third-party cookies with the Chrome browser. And speaking of cookies, VP of Data Services and Technology Doug Hall recently shared ways marketers can rethink cookie consent and management using the Privacy Sandbox platform.

Add to the mix that Google is sunsetting GA360 to make way for its new GA4 platform, meaning brands have plenty of adjustments to manage in the near future. Thankfully, GA360’s sunset was postponed to July 2024, meaning they have more time to perfect their migration strategy. Our data experts put their heads together to create a short guide on how to maximize your move to GA4 before the deadline.

Monk Thoughts Google is postponing the Google Analytics 360 sunset. The move to GA4 is now 2024. This is not a time to pivot on your data and privacy strategy, this is the time for you to perfect your migration over to GA4.

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We’ve also got some inspiration based on how other brands have future-proofed their data strategies with great success. We began our partnership with Molson Coors in 2021 with the goal to bring more of its digital media in-house. By taking an ambitious, holistic approach focused on modernization, we’ve since helped the brand future-proof with a robust, in-house digital media team: a data transformation that ranges from data acquisition, data activation and enrichment, and optimization.

And in the commerce space, leadership from Canadian retailer Reitmans shared the role cloud computing played in building a single source of truth throughout its entire organization, joining online consumer behavior with data from over 400 brick-and-mortar locations. Check out the episode of IMO to learn how a strong data foundation helped the brand adapt at speed.

Speaking of data foundations, emerging technologies like Web3 offer new ways of connecting with consumers and strengthening relationships. In an episode of Meet Me in the Metaverse, Ashley Muscumeci, our Director, Go-to-Market, sat down with Jordan Cuddy, Chief Client Officer at Jam3, and Avanthika Ramesh, Senior Product Manager, NFT Cloud at Salesforce, to explore how building a resilient data foundation will help brands get a head-start into the Web3 future. One key insight: despite being a new space, the same rules apply when it comes to user consent. “Even if you are bridging Web3 and Web2 data to bring all these identifiers about a consumer together, it’s really important that the user opts in and provides consent to merge these identities,” says Ramesh.

Commerce goes social and creators go virtual.

In recent years, creators have expanded their digital footprint into new spaces—like gaming and social audio—and have even adopted new content ventures to translate audience engagement into revenue for brands. So, what does the intersection of content, commerce and entertainment look like today? The Social Innovation Lab launched a report earlier this year, The Year of Digital Creators, to explore the state of the creator economy in depth, available in English, Spanish and Portuguese.

One example of how creators have transformed the consumer journey is through the rise of live commerce, the subject of a recently released Social Bite from the Social Innovation Lab. Live commerce blends communities and real-time connection to offer entertaining, interactive and personalized experiences for audiences, and the short deck offers a glimpse into the live commerce journey and how brands can activate audiences every step of the way.

What’s next in the realm of digital creators? Expect more and more virtual influencers in the form of CGI-rendered fictional characters or avatar alter-egos of real people. With the rise of the metaverse and more accessible motion capture technology, virtual influencers are primed to become a more common presence in brands’ influencer marketing strategies—and if you’re curious about the role one could play in your own marketing, check out another Social Bite about how virtual influencers are coming alive.

Here's to a new year of innovating!

With so much innovation in the last year spanning experiences, content creation and optimization through data, there’s a lot to celebrate as we cap off 2022. Looking ahead into the new year, these trends will continue to shape brands’ strategies as they seek to engage with hyper connected audiences in the new digital era.

Where will you begin? Reach out to start your 2023 journey with confidence.

As you plan for the new year, revisit innovations that defined 2022: virtualization, Web3, the metaverse, privacy and more. Innovation digital marketing trends innovation trends metaverse Web3 data data privacy media buying media strategy Technology Services Technology Consulting AI & Emerging Technology Consulting New paths to growth AI Extended reality Metaverse

Repasando los hitos de un año de innovación digital

Repasando los hitos de un año de innovación digital

6 min read
Profile picture for user mediamonks

Written by
Monks

Colorful crystals and shapes fly out of an image of person shaking their head

Y así sin más, otro año llega a su fin: doce meses repletos de desarrollos tecnológicos y nuevos comportamientos de lxs consumidorxs. El metaverso maduró, el ecommerce se volvió social, y las marcas aprendieron a ir más allá de las métricas de vanidad y el simple consentimiento respecto a las cookies para crear conjuntos de datos procesables con un impacto real. En esencia, los desafíos no han escaseado (ni tampoco las victorias) durante el último año. Mientras comenzamos a pensar en el próximo, repasemos rápidamente los hitos y tendencias del 2022.

La virtualización define la transformación de lo digital.

A medida que el mundo volvió a abrirse, una era de transformación digital dio paso a la transformación de lo digital. Con esto nos referimos a la virtualización: un conjunto de nuevos comportamientos, normas culturales y paradigmas tecnológicos que son el resultado de 30 años de transformación digital, particularmente hiperacelerada en los últimos cinco. La virtualización, como explicamos en nuestro informe a principios de este año, representa una revolución en el comportamiento de lxs consumidorxs, quienes demandan más de las plataformas digitales con las que interactúan, derivando en cambios en la idea de experiencia digital, comunidad, propiedad e identidad.  

Por ejemplo, el diseño de ComplexLand, una virtualización del popular evento anual ComplexCon, gira en torno a la idea de que lxs trendsetters de la moda de hoy en día se están interesando en sus identidades digitales tanto como en las corporales. De forma similar, la campaña de lanzamiento de Cielo Grande en Netflix incluyó la gamificación de la trama de la serie en Roblox, una plataforma extremadamente popular entre preadolescentes. Con misterios a resolver y ‘meet&greets’ con el elenco, se trata de una experiencia digital completamente nueva en la que la audiencia puede interactuar directamente con los personajes de la serie a través de avatares. 

Los experimentos en el metaverso llevan al éxito verdadero.

Una de las mayores manifestaciones de la virtualización ha sido el surgimiento y crecimiento del metaverso, en el que muchas marcas han comenzado a establecerse a través de distintos experimentos. Duolingo celebró el cumpleaños de su adorable (e insistente) mascota organizando un game jam en Roblox y construyendo obras de arte en Decentraland. Macy’s extendió su desfile del Día de Acción de Gracias a una experiencia virtual en OnCyber, donde fans de todo el mundo podían explorar cinco galerías con colecciones de NFT y votar por sus favoritas. 

La industria de la moda en particular ha sido muy exitosa en este aspecto. Liam Osbourne, Global Client Partner de lxs FLUX.Monks, nuestro equipo dedicado a ‘Luxury & Fashion’, compartió con Vogue algunas ideas sobre cómo el metaverso es una oportunidad para que las marcas sean más inclusivas. Para quienes quieran saber más sobre este tema, lxs FLUX.Monks elaboraron un breve boletín sobre la importancia del metaverso.

Monk Thoughts Sería genial explorar nuevas reglas de acceso que no sean los medios tradicionales de riqueza o proximidad al poder.
Liam Osbourne

Ahora que el metaverso está tomando forma, nos encontramos en un momento ideal para que las marcas continúen experimentando en este espacio. De eso mismo hablaron Catherine D. Henry, nuestra SVP Web3, Metaverse & Innovation Strategy; Henry Cowling, Chief Innovation Officer; y Nike Proulx, VP y Research Director en Forrester, en un episodio de nuestra serie Meet Me in the Metaverse. Si estás ansiosx por comenzar a experimentar, nuestro mapa del metaverso es de gran ayuda a la hora de encontrar el espacio adecuado para tu marca. 

La Web3 y otras tecnologías emergentes comienzan a madurar.

Además del metaverso, otras tecnologías emergentes han sido el motor de experiencias digitales transformadoras, principalmente la Web3. Durante NFT.NYC, la conferencia Web3 más grande de este lado de la pantalla, nos presentamos con una instalación inmersiva para Cool Cats que difumina el límite entre lo virtual y lo real. Mientras tanto, Gucci abrió su propia galería inmersiva para albergar una subasta de obras de arte NFT.  

Más que una nueva infraestructura tecnológica, la Web3 marca un cambio fundamental en las relaciones marca-consumidor, un tema tratado en un folleto que publicamos en colaboración con Salesforce este año. Para quienes se preguntan cómo comenzar a moverse en la Web3, pueden consultar los insights de nuestra serie In a Monk’s Opinion, que expone todo lo que necesitamos saber sobre los NFT y la blockchain. Un consejo de los Labs.Monks: debemos asegurarnos de que los proyectos NFT sean sostenibles

Hablando de los Labs.Monks, nuestro equipo de investigación y desarrollo ha publicado una serie de misivas sobre las tecnologías más avanzada a lo largo de este año de innovación. Su informe más reciente sobre IA generativa explora el potencial de las herramientas de inteligencia artificial como Dall-E y Mid Journey, que han capturado la imaginación de lxs creativxs (y los feeds de social media). Un ejemplo de lo que la tecnología puede lograr: desbloquear eficiencias en animación y otras necesidades de producción. 

Creatividad y media van de la mano.

A lo largo de la era digital, ha sido tentador enfocar nuestra atención en las métricas de vanidad. Pero a medida que lxs CMO invierten más dinero en medios (y se enfrentan a un escrutinio presupuestario cada vez mayor con una posible recesión), es más beneficioso adoptar un enfoque más holístico que combine medios y creatividad para optimizar su gasto. En conversación con Digiday, nuestra Head of Media Melissa Wisehart reveló cómo nuestro pilar de medios integrados está diseñado para ayudar a las marcas a dar este salto.

Monk Thoughts Realmente estamos observando y trazando una correlación estadística entre lo que sucedió en el universo de los medios y el impacto comercial posterior.
Melissa Wisehart headshot

Este enfoque más holístico se puede apreciar en nuestra campaña de relanzamiento de Uni, para quien desarrollamos tanto la creatividad como el posicionamiento en medios. Con tres variaciones creativas y cuatro iniciativas de medición, nos aseguramos de que la creatividad se implementara en los canales más relevantes según su propósito dentro del ecosistema de la marca.

Cuando se trata de optimizar la creatividad, la marca de bienestar Hatch parece haber encontrado la fórmula del éxito, como explicaron en un episodio de In a Monk’s Opinion con Holly Elliott, VP de Growth Marketing en Hatch. Muchas marcas que dependen en plataformas digitales para su marketing se enfrentan a una serie de desafíos: aumento de los costos de adquisición; límites en la capacidad de administrar su performance, atribución y targeting; y el riesgo de perder autenticidad. Hatch alivió estas preocupaciones logrando un equilibrio entre creatividad y performance. En el episodio, Holly y nuestrxs expertxs en performance ofrecen información sobre cómo los datos históricos de rendimiento pueden impulsar más iteraciones creativas.

Las marcas se preparan para la era de la privacidad.

Si bien la optimización y la performance de medios pueden ser de lo más importante hoy en día, lxs CMO que están pendientes del presupuesto también anticipan otros obstáculos: superar su dependencia en las cookies de terceros a medida que cambia la actitud en torno a la privacidad y Google busca eliminar las cookies de Chrome. Y hablando de cookies, nuestro VP de Data Services and Technology , Dough Hall, compartió recientemente formas en que lxs marketers pueden repensar la idea de consentimiento y la administración de cookies utilizando la plataforma Privacy Sandbox.   

Si le sumamos a eso el hecho de que Google se está despidiendo de GA360 para dar paso a su nueva plataforma, GA4, es evidente que las marcas tendrán muchos ajustes que hacer en el futuro cercano. Afortunadamente, el fin de GA360 se pospuso hasta julio de 2024, lo que significa que hay más tiempo para perfeccionar las estrategias de migración. Nuestrxs expertxs en data trabajaron en conjunto para crear una breve guía sobre cómo maximizar este proceso antes de la fecha límite. 

El comercio se vuelve social y lxs creadorxs se vuelven virtuales.

En los últimos años, los creadores y creadoras han expandido su huella digital a nuevos espacios, como juegos y redes sociales de audio, e incluso han utilizado su contenido para transformar el engagement de la audiencia en ingresos para las marcas. Entonces, ¿cómo luce hoy la intersección de contenido, ecommerce y entretenimiento? El Social Innovation Lab lanzó un informe llamado “El año de lxs creadorxs digitales”, que explora en profundidad el estado de la economía de lxs credorxs y está disponible en inglés, español y portugués

Un ejemplo de cómo lxs creadorxs han transformado el journey de lxs consumidorxs es a través del live commerce, o comercio en vivo. El live commerce combina comunidades y conexión en tiempo real para ofrecer experiencias entretenidas, interactivas y personalizadas para las audiencias, tal como exploramos en este informe (actualmente solo disponible en inglés). 

¿Y qué es lo que sigue en el universo de lxs creadorxs digitales? Para empezar, podemos esperar ver más influencers virtuales en CGI o alter-egos de personas reales en forma de avatares. Con el auge del metaverso y más acceso a tecnologías de motion capture, lxs influencers virtuales se convertirán en un elemento más común en las estrategias de marketing. 

¡Por un nuevo año de innovación!

 Con tanta innovación en el último año; desde nuevas experiencias y creación de contenido hasta optimización a través de datos; hay mucho que celebrar. De cara al nuevo año y a medida que le damos un cierre al 2022, estas tendencias seguirán dando forma a las estrategias de las marcas, siempre y cuando busquen interactuar con audiencias hiperconectadas en la nueva era digital. ¿Por dónde empezarás tú?

Repasamos las innovaciones que definieron el 2022: virtualización, Web3, el metaverso, privacidad y mucho más, para empezar a planificar el nuevo año. Innovation digital marketing trends innovation trends metaverse Web3 data data privacy media buying media strategy

Focusing Media Strategy on Value-Based Bidding

Focusing Media Strategy on Value-Based Bidding

Data maturity Data maturity, Media, Media Strategy & Planning, Programmatic 4 min read
Profile picture for user Dexter Laffrey

Written by
Dexter Laffrey
Head of Search APAC

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Digital media platforms are continuously becoming more automated. The KPIs you ask your platform and machine learning algorithms to optimize—and the data you share with these algorithms—is one of the most important competitive advantages in your online ads strategy.

Bidding to value isn’t new. In fact, a lot of advertisers have been doing it for many years. Where an advertiser is supplying revenue data directly to the platform, such as revenue from a tag or linked ecommerce data from Google Analytics, value bidding is already taking place. However, for businesses with more complex or longer sales cycles, or driving multiple channels of interaction with customers, understanding value can be an arduous and complex task.

Use value-based bidding to maximize ROI.

In a nutshell, when you use bid strategies in your media buying platforms, the main difference between a Target CPA (cost per acquisition) and a Target ROAS (return on ad spend) bidding strategy is that while Target CPA adjusts your campaign bids to help you meet a predefined cost per conversion goal, Target ROAS adjusts bids to help you maximize the value of conversions you’re receiving as a result of your advertising, and thus focuses on ROI. 

For Google Ads and the new Search Ads 360 in particular, Google has been clear about the fact that CPA bidding or bidding for conversions is limiting the ability of bidding algorithms to eke out performance, as you are assuming that all customers that interact with ads are bringing in the same business value. 

However, we all know that this is not the case. Customers come in all shapes and sizes; some will take longer to make decisions to purchase or interact with your business, some are going to be customers interested in smaller purchases, while others still will be looking at larger purchases or longer sales cycles. This can also become even more complex when customer touchpoints move from online to offline, such as an outbound call center. 

It wouldn’t make much sense to bid for all of these customers with the same value logic. By focusing on segments of customers based on the value they would bring to us, we can maximize our return on our ad spend. This is especially true for B2B or subscription businesses, where not all prospective clients are equal. 

The complexity of value-based bidding only needs to be as complex as you need it to be for your business, but the level and complexity of the data you are sending to your performance platform will provide you with much more robust reporting metrics, and more data for bidding algorithms to get things done.

A chart showing values growing higher due to value-based bidding

Value-Based Bidding sets you a step closer to bidding to business outcomes. Optimizing towards long term profits will require accurate projected customer values. Google recommends starting with readily available values, such as cost of sales and revenue.

As we can see, as we move up the complexity of our bidding goal, moving away from clicks/conversions to value and then profit, we need to supply the platform with less proxy metrics, and more revenue and value data. At the most mature stage, the ultimate goal for businesses is to send customer lifetime value data to the platforms to enable automated bidding and to predict future customer buying behavior based on their previous purchasing patterns.

Test and set up value-based bidding using proxy metrics.

For direct sales and subscription businesses, value-based bidding would of course involve simply passing back the value of the sale or rolling subscription back to the platform as an offline conversion, for example in Campaign Manager or Google Ads. However, if your marketing is targeted towards lead generation and longer sales cycles, bidding for value becomes slightly more complex, requiring the use of proxy value metrics. 

For example, let’s say that you have four stages within a typical sales journey, all trackable via conversion tags or Google Analytics, or perhaps via integration with CRM as an offline conversion. It could look like this:

Lead Submitted (25%) → Marketing Qualified Lead (20%) → Sales Qualified Lead (15%) → Closed Deal 

We need to work backwards from the Closed Deal value, to assign a value to a Lead submission:

Closed Deal $1000 → SQL $150 → MQL $30→  Lead Submitted $7.50

Given that a Closed Deal is worth $1000 in this example, we divide each subsequent stage by the prior stage conversion rate.

We can now understand the value of the first conversion point in the customer sales cycle and assign a value to the lead submission, then perhaps do the same for other conversion points on your site (for example, phone calls or “contact us” forms). These values can then be assigned to our bid strategies to assign the real value of customers to your business. Remember, machine learning is only as useful as the information that is being supplied to it!

Once you have values assigned to conversion points, you can use features such as Custom Columns in Search Ads 360 or Google Ads to add these values for your automated ROAS bid strategies, then let the platform algorithm do all the hard work with this new information. 

Look ahead to predicted lifetime value.

Of course, the ultimate goal we should seek with bidding in performance media is to add more of a predictive value to our target, so that the bid strategy is able to bid on keywords that are likely to drive longer lifetime value, rather than one-off purchases, short-term subscribers or low value B2B customers. This can be done by adding predictive intelligence to our bidding platform, and involves integration of CRM with a data platform and machine learning tool, such as Google BigQuery and BQML. 

You can then export these predicted values to your platform of choice as offline conversion data, and point the bid strategy at this particular goal to maximize, which in this case predicts lifetime value. This is where we think all marketers should aspire to be and plan towards, and it’s something we bring up often with clients as an important horizon goal to have with the future of their first-party data. 

Customer value-based bidding, combined with media platforms bidding algorithms, will help you monitor the real impact of advertising on your business and make the right decisions to develop growth strategies, ultimately allowing you to capture the customers that generate the most value, and those that matter most. Again, the data you share with platform algorithms is a crucial factor in competitive success, and unlocking insights related to value will prove crucial to brands looking to improve performance within an intensely competitive digital landscape.

Learn how value-based bidding will help you monitor the real impact of advertising on your business and make the right decisions to develop growth strategies. value-based marketing media buying media strategy first-party data CRM strategy Google Analytics B2b Media Media Strategy & Planning Programmatic Data maturity
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Uni pens with blue, purple, and pink colors

Start Your Story • A Transformational Brand Refresh and Launch Campaign

  • Client

    uni

  • Solutions

    BrandBrand Identity & SystemsGo-To-Market StrategyMediaPaid SearchPaid Social

00:00

00:00

00:00

Case Study

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Reimagining a legacy brand.

As a world-class provider of innovative writing and art instruments, uniball had always been well aware of the power that lies in doing things differently. But for a 135-year-old brand that held its position as an industry leader for decades, change doesn’t come without its challenges. To write the brand’s most exciting chapter yet, we teamed up with uniball and developed a fresh brand identity, along with a go-to-market strategy that helped introduce it to the world. Renamed as uni, we launched the brand through an end-to-end omnichannel campaign spanning content, film, media buying and more—honoring its heritage while looking forward to the future.

A woman wearing a colorful jacket stands in her studio
A woman drawing in her notebook with a uni pen
Press The vision for this campaign is to celebrate and empower people to take control of their personal journey.
Read on The Drum Pen maker Uniball writes new chapter as Uni

Transforming the brand experience from the inside out.

To create a new brand identity that resonates with consumers, we started by conducting a research study surveying over 500 primary household shoppers in the writing instrument category. This study informed the overall tone of voice, as well as the creation of hundreds of new brand assets—including a refined logo and color palette, brand guidelines, packaging and merchandising, social media channels, applications, OOH and print advertising. Turning uniball into uni, we helped create a more friendly brand, an approach that’s reflected in the optimized, revamped website. With different textures and popping colors, uni’s brand identity went from traditional to transformational—changing consumer perception while driving inspiration and fostering a stronger connection to the brands’ identity.

An insight-led campaign to establish stronger relationships.

To create a brand that resonates with consumers today, it’s vital to understand their core needs and shifting behaviors, as well as the market trends. So before we could introduce uni to the world, our strategy team identified customer, cultural, category and company insights through both primary and syndicated research. In doing so, we found that recent world events had awakened a desire to create and take on new challenges in the target audience. With this in mind, we developed a go-to-market strategy that articulated this sentiment.

Inspiring audiences to craft their own stories.

Once the new brand identity was ready and the research concluded, we developed and launched Start Your Story, an omnichannel campaign that centers on the first-person experiences of those writing their own futures. We focused on the brand’s inspiration pillar and kept an optimistic tone of voice that encouraged the audience to connect with their creative selves—raising brand awareness and driving audiences to see uni as a modern brand with a fresh new take.

To achieve maximum reach, our teams worked together to leverage the original research and created target personas, as well as allocated budget splits across media channels. This included using a testing framework with three creative variations and four measurement initiatives such as Brand Lift Studies and GWI Research, with data shown on an interactive live dashboard. In other words, we ensured the campaign was rolled out across today’s most relevant channels, according to their purpose within the brand ecosystem.

Results

  • 616% + planned paid media via online video and YouTube reach
  • 353% + planned social paid media reach
  • 46% + benchmark video completion rate
  • 30% + benchmark click-through rate
  • 29% + CPC benchmark with SEM

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Unity Appoints Media.Monks Media Agency of Record

Unity Appoints Media.Monks Media Agency of Record

Brand Media Brand Media, Media, Media Strategy & Planning, Metaverse, Monks news 2 min read
Profile picture for user mediamonks

Written by
Monks

Media.Monks and Unity logos

September 8, 2022

Unity (NYSE: U), the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, has selected Media.Monks as its media agency of record following a competitive RFP process. The move will unify top of funnel awareness by consolidating media services under one roof at Media.Monks, which were previously split among various agencies.

Media.Monks will take on media strategy, planning and buying, and measurement for Unity globally. With subject matter expertise in gaming, VR, Web3 and the metaverse, Media.Monks’ integrated team will scale up media to engage Unity’s core gaming business and its B2B audience.

“Media.Monks is the right fit for our business given our shared expertise and belief in how RT3D, the metaverse and the next phase of the internet are changing not only gaming but many other industries,” said Carol Carpenter, CMO, Unity. “We are excited to partner with them to unify our media efforts globally, and work together to deliver unique solutions for customers.”

Monk Thoughts We’re so excited to partner up in a deeper way with such a similarly-minded, cutting-edge company. As avid fans of Unity, we’re looking forward to helping them charter their next path toward growth as they tackle new verticals and push the boundaries of this technology.
Melissa Wisehart headshot

In addition to the media AOR assignment, the Media.Monks creative development teams use Unity software to deliver real-time 3D solutions for clients across a wide range of industries. Recently, the Unity technology powered Media.Monks’ development of an award-winning AR experience, ‘Anne Frank House: The Bookcase for Tolerance,’ honored at the Cannes Lions Festival of Creativity in the Digital Craft category, and many more including The Webby Awards, The One Show, ADC Global and D&AD.

Monk Thoughts Real-time 3D is now a foundational part of our digital toolset. We’re using real-time 3D technology on countless projects across a wide range of verticals––it’s our go-to for creating interactive experiences, new ad formats, and yes, the metaverse.
Tim Dillon headshot

Learn more about the work Unity and Media.Monks are doing to build successful B2C brands in the metaverse by tuning in to an on demand discussion between Unity’s VP of Accelerate Solutions, Ryan Peterson, and Media.Monks' SVP, Tim Dillon. Tim will discuss insider lessons and insights gained from working with major consumer brands––from getting started in the metaverse, ways to leverage a real-time 3D game engine to making a genuine impact, and more. Listen now.

This review was led by Tenx4, an agency search consultancy who specializes in helping Global B2B Brands identify the right agency partner. “We’re on a mission to fix the broken agency RFP process to be about ‘the fit’ rather than ‘the win’ and it is clear that the partnership between Unity and Media.Monks is the perfect fit,” said Ashley Cohen Chandler, Partner, Tenx4.

Unity, the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, has selected Media.Monks as its media agency of record. unity real time production 3D content media buying media strategy metaverse gaming VR Web3 Media Media Strategy & Planning Brand Media Monks news Metaverse
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Hands typing on a cellphone

Sprint Media Buying • Moving Ops In-House for a Data-First Approach to Business

  • Client

    Sprint

  • Solutions

    MediaTransformation & In-HousingTechnology Training & CoachingMedia Strategy & PlanningProgrammatic

A person smiling and standing in front of a Sprint logo

Results

  • Increased conversions by 99% and cut digital acquisition costs in half within the first year.
  • Saved $6 million in costs annually.
  • With savings reinvested into working media, 
drove a significant increase in sales through 
Sprint digital channels.

Revamping operations for a move in-house.

Before it merged with T-Mobile US in 2020, Sprint was the fourth-largest network operator in the United States, providing wireless services to over 50 million customers. While, like its competitors, most of Sprint’s sales were transacted either over the phone or in-store, company leadership knew that more and more customers would be interacting with the brand online—and expecting more from those interactions. To enhance the company’s ability to respond to the market in real time and curb rising advertising and customer acquisition costs, Sprint sought to revamp its digital marketing operations and gradually move media planning and buying in-house.

The Sprint team was confident that being closer to their marketing data and execution would help them win in an extremely competitive telecom space, but there were few examples of other companies having made such a change. Given our deep Google ecosystem knowledge and flexible service model, we were selected to partner with Sprint in facilitating the transition.

After a very brief audit phase, we took over Sprint’s media management and embedded our teams within the Sprint and Boost Mobile digital marketing organization. We spent the first year laying the groundwork for an effective digital marketing team—rebuilding their campaign structure, reporting and best practices. We then spent the next 18 months assisting with recruiting and hiring efforts, and then trained in-house teams to self-sufficiency.

A person on their phone enjoying a cup of coffee on the couch
A person walking and talking on a cellphone
Quite honestly, moving in-house has blown away our expectations in terms of how much year-over-year improvement we’ve been able to see, both from a top-line and a bottom-line perspective.
Read on Campaign

Pulling back the curtain.

Before Sprint was able to more effectively activate its enormous wealth of customer data, it was crucial to gain transparency into Sprint’s digital advertising technology fees, data fees and inventory costs. We worked directly with Sprint’s external vendors to identify opportunities to decrease tech and data fees and eliminate waste from audience oversaturation. These efficiencies allowed Sprint to reduce overall ad spend while continuing to increase working media.

With transparent service models and media spend in place, Sprint was ready to run with its wealth of marketing data. We oversaw the consolidation of disparate data sources into in-house data lakes, allowing for significantly more granular segmentation and targeted programmatic campaigns. Sprint’s newfound laser focus on precise and meaningful audience segmentation helped the brand realize increased efficiencies in its programmatic media spend and stronger campaign performance.

A graphic of a computer showing a dashboard full of data

Taking the reins.

In the early stages of the project, Monks was on-site twice a month—and more frequently as the in-housing phase approached—to facilitate clear lines of communication with Sprint’s project stakeholders and familiarity with the personalities and working styles of auxiliary team members across web analytics, design and website development. We worked hand-in-hand with the team to manage the transition from their external agency and to refine their digital program. We helped identify new KPIs and measurement models, found ways to reduce waste, and created an audience framework that attracted higher-quality traffic. We also developed a multi-touch attribution model for better insights and built a system for real-time reporting.

After proving the early results of bringing digital media in-house, we helped Sprint with the next phase of the journey—assisting in the design of their team structure, creating candidate profiles to identify the right talent to handle digital media planning and buying. In-person training—literally with hands on the keyboard together as key capabilities were turned over—ensured a smooth transition from Monks to Sprint team members.

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In partnership with

  • Sprint
Client Words Monks' deep programmatic expertise and advisory capabilities made them an easy choice. They’ve helped us gain the control, insights and flexibility to be able to better meet the needs of our customers and our business as a whole.
Rob Roy headshot

Rob Roy

Chief Digital Officer, Sprint

Impact

Inspiring a generation of business leaders.

Beyond the benefits Sprint experienced over the course of the relationship, in 2020, we had the privilege of working with the Sprint digital team and Harvard Business School to create a case study on Sprint’s digital transformation success. We are humbled that our work is included in the Harvard curriculum for future business leaders.

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Get in touch.

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We Are Front and Center on Campaign!

We Are Front and Center on Campaign!

4 min read
Profile picture for user Kate Richling

Written by
Kate Richling
CMO

We Are Front and Center on Campaign!

The following is an excerpt from our cover story with Gideon Spanier for Campaign (you’ll find a link to the full article at the bottom of this page) –

Victor Knaap is insistent when Campaign asks the chief executive of MediaMonks why the Dutch content production company agreed to join Sir Martin Sorrell’s S4 Capital for an estimated €300m (£266m). “We didn’t sell!” he says.

Knaap and his business partner, Wesley ter Haar, point out the deal is a merger. They have shares in Sorrell’s new parent company, rather than an earn-out, and will have a say on strategy and M&A thanks to seats on the board.

Ter Haar, who co-founded MediaMonks in 2001, a couple of years before Knaap joined, says of their relationship with Sorrell –

Monk Thoughts We’re entrepreneurial together.
black and white photo of Wesley ter Haar

MediaMonks already has 11 offices in 10 countries, 750 staff, clients including Google, Netflix, Shell and Johnson & Johnson, turnover of €110m and, significantly, one P&L. Knaap looks after Europe and Asia while ter Haar oversees the US and Latin America.

They plan to move into media buying, data and analytics as well as new markets, such as Germany and India. They also want to beef up the UK operation, which they admit has been “a little bit under the radar”, and have hired Dutchman Martin Verdult, previously of Ogilvy Shanghai, to be managing director in London.

Sorrell’s swoop for MediaMonks looks to be one of the defining deals of the year – and not only because he set up S4 Capital so quickly after leaving WPP and beat his old company in the race for the production firm.

MediaMonks is a creator of agile and dynamic digital content, finding itself in a sweet spot that potentially gives it an advantage over traditional ad agencies.

Jonathan Davis, managing director of Clarity, the corporate advisory firm that worked on the sale of MediaMonks, says: “Content production has fundamentally become a more strategic capability. There is so much more of it required across so many different channels and platforms. Brands have found that if they have an agency layer between them and the content, delivery risks becoming inefficient and not agile.

Monk Thoughts The broader trend, if you look at the larger digital content production platforms, such as Stink and MediaMonks, is that they have significantly more direct-to-brand work than they did three or four years ago.

A Platform, Not An Agency

Knaap and ter Haar stress MediaMonks is a platform, not an agency. “We integrate creativity, technology and production and extend our ideas through data and make [digital] platforms,” ter Haar explains. “We create more efficiency for clients, and at a higher level because there’s a singular vision behind it.”

They believe silos such as creative, media, PR and so on don’t make sense. “It’s the same customer you’re talking to” across every touchpoint during the “customer decision journey”, Knaap says. “All of the touchpoints need content. We create that content.”

The key is to be flexible and agile because that’s what brands want. Knaap says more clients are bringing marketing services in-house but they need help in execution. “How do you structure a team like that? How do you have the quality and the cultural DNA? These are the questions we are asking,” he adds.

While Knaap and ter Haar are advocates of integration, MediaMonks operates on four “pillars”:

  • Creative content, such as Audi “Sandbox”, a virtual driving experience that combined film, gaming, virtual reality, social and more.
  • Data-driven creativity, such as its use of programmatic storytelling to promote The Little Prince for Netflix.
  • Online platforms and ecommerce, such as its work for the US Air Force, which combines user experience, technology and data.
  • Innovation, such as augmented reality and voice – what they describe as “being there for the new thing” before it goes mainstream.

A few years ago, the duo made some lukewarm noises about the role of advertising but ter Haar says: “It doesn’t mean we are against advertising. Agencies are key to the work we do.”

MediaMonks has won 128 Lions – many in partnership with agencies – over the years at Cannes, where Knaap and ter Haar have a reputation for throwing good parties. Their mantra is: “Crafted with care, coded by coffee, celebrated with Champagne.”

MediaMonks has “blokey” roots. Ter Haar, now 40, dropped out of school before setting up the business with friends at the age of 23. Knaap, 41, spent time as a sailor before joining the company when he was 26.

To attract talent, they have tried to foster a “more diverse, more inclusive” culture at MediaMonks. “It is a place where people get the opportunity to do some of the best work in their lives without some of the difficult constraints that come with some of the advertising world,” ter Haar says.

The Sorrell Strategy

Some observers wonder whether Sorrell overpaid for MediaMonks by valuing the business at nearly three times annual revenues. Profits were not disclosed but are said to be upwards of €20m – 15 times earnings.

Stevie Spring, a former chief executive of Clear Channel and Future, says she had looked at MediaMonks in the past: “It’s a deal I would have loved to have done but not at that price.”

Knaap and ter Haar aren’t worried about questions surrounding Sorrell’s personal conduct at WPP or the group’s under-performance during his last year in charge.

Monk Thoughts We have an unbelievable respect for Sir Martin’s business brain and how he builds businesses.
Victor Knapp

They have also had “an amazing response” from clients and joke that they could “test” the merger because the news leaked before the deal was finalised.

What brands think is important to Sorrell. When he explained the rationale for buying MediaMonks, he said he had been “listening carefully” to marketers, who told him they wanted more flexibility, agencies that “co-locate” resources in client offices and a single P&L.

Clients are “not questioning the creative product or the quality of the work – they’re questioning the way that quality creative product is delivered,” Sorrell said…

This is an excerpt from the August cover story of Campaign Magazine.

Front and center on Campaign Magazine – "Knaap and ter Haar stress MediaMonks is a platform, not an agency. 'We integrate creativity, technology and production...we create more efficiency for clients, and at a higher level because there’s a singular vision behind it.'" We Are Front and Center on Campaign! “Knaap and ter Haar stress MediaMonks is a platform, not an agency,” Campaign writes. “‘We integrate creativity, technology and production…”
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