It’s Time For The Futures Exchange

by Andy Atherton
February 22nd, 2010

A quick post to direct readers to today’s guest article for AdExchanger.  It will be pushed to the broader AdExchanger audience tomorrow in John’s roundup, but I wanted our readers to have a “sneak peek” to get the dialog started.

As always, I am very interested in your thoughts and comments.

 

Coming Full Circle

by Elizabeth Blair
February 1st, 2010

While it’s a close contest, I think I was the most excited Brand.netter with our Video launch today. 

I left my job doing M&A in the New York magazine publishing industry, and moved West to join the internet industry (Yahoo!), early in 1998.  Why? Living in Manhattan, reading Seventeen, Modern Bride and American Baby for work by day, and Red Herring and Business 2.0 for fun at night, it was clear Change Was Coming.  The internet had jumped the early adopter fence, and the way audiences consumed content was going to change dramatically.   Silicon Valley would provide the technology for that change.  But one thing wasn’t changing – advertisers’ need to reach consumers as they make lifetime Brand connections – the tweens, teens, brides and moms.

“Content” and “Monetization” are the essential elements of all media.  I’ve always been a monetizer at heart.  Not creating the coolest news, information, entertainment, and communications products for millions of people to use, but finding a way to pay for it.  

I’m often jealous of the internet content folks, who always have been way out ahead of the monetizers.  At Yahoo! we were at least blazing the trail to bring online the megabrands that need to reach tweens, teens, brides, moms and more.  But there weren’t many others making much headway creating content and business environments that made sense for brand advertising. 

Then, seven or eight years ago Overture caught fire monetizing search – and Google jumped in.  Mission Accomplished?  Yes for Search.  But for those of us who love great content, and know it takes Brand advertising to support it (and that Brands really want to support it, by the way) declaring victory seemed premature. 

Entrepreneurs leave big companies to put their passions to work.  My passion:  I want a world of fantastic content we can consume when and how we want it, on whatever device we own or are testing out that day at the Apple Store.   

So, today, I am excited and proud to be launching our Video offering with Unilever’s I Can’t Believe It’s Not Butter.  Back with the tweens, teens, brides and moms, where and how they want their content now, with Silicon Valley technology making it possible.  Coming full circle, and just getting started.

Find me on twitter: @eb_brandnet

 

Microsoft gets it

by Andy Atherton
January 26th, 2010

More great stuff from Microsoft’s Young-Bean Song at the OMMA performance show Monday in San Francisco.  Microsoft has made no secret of the fact that they are focused on the brand advertising market and clearly the push continues.

I would encourage you to watch the embedded video of Young-Bean’s talk.  The content is fantastic and well-delivered, particularly the planning example at the end.  Building from earlier Atlas Institute research, Young makes the argument for the utility of offline metrics for online Brand campaigns.  I couldn’t agree more.  Reach, composition and pricing guarantees that back into guaranteed GRPs, TRPs and CPPs are exactly what online Brand advertisers need for cross channel planning.  As he points out, ROI tradeoffs happen throughout the funnel, but that shouldn’t always mean just “CPA”.

The discussion about the importance of complete attribution models vs. the too common last click / last view approach, while also not new, is very much worth hearing again (and again).  Working – and measuring – the full funnel is just as important online as offline.

Microsoft understands this market extremely well.  Don’t underestimate them.

 

Rethinking Retargeting

by Andy Atherton
January 18th, 2010

Just a quick post to make sure folks saw Richard Frankel’s article today on AdExchanger.

A couple solid, related tidbits in there.

The first point is about attribution.  Richard cautions that retargeting often “steals” attribution from other tactics unless careful steps are taken to prevent it from happening.  DR tactics stealing attribution from upper-funnel tactics is an important topic on which we have written before.  As we mention in that article, it’s also the subject of an entire body of work by Microsoft’s Atlas Institute.

The second point is about the importance of finding new prospects and customers, not just retargeting old ones.  This difference between “demand creation” and “demand fulfillment” (as Forbes.com’s Jim Spanfeller has somewhat famously put it) is something that needs to be understood and carefully considered when developing a comprehensive marketing and media strategy.

As online media marches past a 30% share of total media consumption, new technologies are eroding offline media like TV and print.  Both demand fulfillment and demand creation budgets alike must follow consumers online.

 

Online Video: Our Opportunity is VAST

by Andy Atherton
January 11th, 2010

In my guest article today in Ad Age, I state that the IAB’s new video ad serving standard (“VAST” for short) has serious implications for video-only ad networks (e.g., Tremor, Brightroll, etc.) for two reasons:

1. A significant portion of the engineering work in which the incumbents have invested enormous time and money will effectively be marked to zero by the market

2. Existing, technically sophisticated display ad networks will enter the video market quickly and effectively.

To be clear, when i say “video”, I’m not talking about in-banner video or overlays, “bugs” etc.  I am talking about :15 and :30 second pre-, mid- and post-roll video.  This is the video advertising format where the environment is most similar to TV and the creative is directly transferrable from TV.  As such, it represents >90% of advertiser demand for online video and will continue to be the lynchpin in moving TV budgets online.  VAST effectively hits the “reset” button on this market in 2010 and while many current players will face serious trouble, for some companies this is an enormous opportunity.

Brand.net is one of those companies.  Melissa, Elizabeth and I have been astonished how often and emphatically during the past year the top agencies, as well as Top 100 advertisers directly, have asked us to extend our market leading brand display platform capabilities (SafeScreen, SmartScale, etc.) to video.  So our sales force is out taking orders for a platform extension that does just that.

Top 100 advertisers want online video to explode as an advertising medium.  It’s the obvious, and (to stay in front of their target audiences) necessary, successor to the $60B they spend on sight, sound and motion brand-focused TV buys each year.   But today’s video ad networks simply don’t provide the brand-focused capabilities Top 100 advertisers require.   What have they told us for the past year they want from online video?  The ability to guarantee Quality, Scale and Value.

Music to our ears.  Stay tuned.

 

Why is DoubleVerify burying its big news with a December 23rd press release?

by Andy Atherton
December 29th, 2009

PR experts use a trick when they need to release news they really don’t want covered broadly, peer reviewed or scrutinized.  The trick: drop the announcement when everyone is focused on other things.  The Friday afternoon before a long weekend and the last business day before a major national holiday are prime dump days.  The Bush White House used this tactic to announce Koran abuse at Gitmo and the indictment of Scooter Libby.  Celebrities routinely use it to announce divorces or rehab stints.

And on December 23rd, just as the media world shut down for Christmas, Double Verify (DV) used it to announce its new “BrandShield” solution.  Of particular note in DV’s release is that it seems to imply (the wording is quite cagey) that DV can perform page-level quality filtering on “nearly 100% of impressions”, even when ads are served within iframes, by effectively “seeing through” the iframes to determine “which…page the ad is actually delivered on”.
Taken at face value, this sounds like a huge advance in page-level quality filtering technology, which obviously requires page-level visibility to work.  However, regular readers of this page will remember our recent post on the problems posed by iframes for 3rd party page-level filtering.  Specifically, that “seeing through” iframes is impossible for an ad buy – like the vast majority of ad network buys – the composition of which is not known in advance.

So why would a (to date) publicity-hungry startup like DV announce seemingly ground-breaking technology in a way that recalls the indictment of a senior White House staffer?  The only reason I can think of is that this announcement amounts to either a) an admission that DV is using the methods of hackers to exploit holes in browser security and enable collection of data that all commercial browsers prevent for important privacy reasons or b) a clumsy and misleading attempt to confuse the market about what is technically possible.

The former would raise extremely troubling privacy concerns, particularly against the backdrop of increased scrutiny on collection of user data for BT.  The latter is obviously not particularly comforting either, but at least it doesn’t open unsuspecting agencies and brands up to PR backlash, consumer lawsuits and/or government sanctions.  Either way, prospective DV clients considering this solution should ask tough, direct questions about how this apparent iframe miracle is performed before touching it with the proverbial ten foot pole.  Specifically, buyers’ technical staffs should seek to understand clearly and precisely how each page in an ad buy would be conclusively identified and filtered, including each page where the ad is displayed within an iframe.  As I mentioned above, be sure to consider the case where the composition of the buy is not known in advance, like most ad network buys.

Rest assured that we will be working with our agency partners to fully explore these claims and will share whatever facts we uncover on this page.  Please feel free also to share with me anything you know or find out.  As we set about that work (or at least until DV is good enough to clarify their release), I would renew my call for a New Year’s resolution:  let’s elevate the dialog from misleading marketing claims to honest discussion and execution of the cutting edge solutions that sophisticated clients demand and deserve.

 

For Brand.net, Quality is more than an Undertone.

by Andy Atherton
December 15th, 2009

Catching up on my inbox, I noticed an interesting article from Undertone’s Alan Schanzer last week on AdExchanger.  Credit to Mr. Schanzer for trying to help media buyers differentiate between networks; it’s a crowded market with lots of overlapping claims and capabilities.  Unintentionally, however, his article does more to clarify how little first generation ad networks can do to maintain media quality and protect clients’ brands than it does to provide useful advice for the media buying community.

Mr. Schanzer claims that, “when selecting a network, business practice transparency is far more important than site transparency” and focuses the reader on two bad business practices that site transparency does not prevent:  URL padding and daisy chaining.   He’s correct of course that site transparency doesn’t address either issue.  But it’s not exactly news that lying about site breadth or buying in a completely uncontrolled manner are bad business practices.  If avoiding them is even enough to be table stakes then it’s a low limit game.  Sophisticated buyers demand (and get) a lot more from their most important partners, and have for years.

Mr. Schanzer is 100% correct that, “a site list alone will not protect your brand”.  But he doesn’t get down to the real threat to your brand:  objectionable content.  Nor does he discuss the fact that objectionable content is not just a site-level (publisher) problem, it is a page-level problem (i.e., there are pages on the very best publisher sites that have objectionable content, which can arise in an instant by way of user generated comments) and because it is a page-level problem it takes serious technology to solve.  That’s why Brand.net has invested millions of dollars over the last 18 months in our pioneering page-level filtering platform, SafeScreen, which launched in Q109.  That’s also why I wrote a detailed article for iMedia in September on the criticality of ensuring quality at the page-level and posted a more recent follow-up that discusses some major problems with emerging 3rd party technologies that claim to address this issue.

Having said all of that, I am surprised that late in 2009 Mr. Schanzer would want to draw attention to the weakness of a site-based approach to managing quality.  Particularly when Undertone’s quality “guarantee” is framed 100% in terms of site selection.  Read it carefully.  Undertone does not guarantee that it will keep clients’ ads away from objectionable content.  It merely guarantees that clients’ ads won’t run on a site that is not certified as an Undertone Quality Publisher (UQP).  This commitment is almost meaningless because (at least on this page) UQP is undefined outside of a few vague criteria.  As written, Undertone could call a “professionally produced and aesthetically desirable” porn site an UQP and not payout under the “guarantee”.

Of course Undertone would not act in such bad faith, but by framing its quality “guarantee” in terms of site selection and saying nothing about page-level quality, it reveals either a fundamental misunderstanding of the key quality issue that sophisticated media buyers are focusing on today, or the lack of technology required to deliver a best in class solution. It’s pretty clear it’s the latter, because at the bottom of the same page the fine print specifically and explicitly carves out a safe harbor for ads that end up next to objectionable content on pages of UQPs.  In other words, Undertone is saying that if they place your high end beauty, food product or premium diaper ad next to the F-word (or worse) in a user comment that appears on a top women’s site, they’ve successfully completed their job as your media partner.  At Brand.net we certainly wouldn’t want to try to explain that to one of our customers and SafeScreen means we won’t have to.

I propose a New Year’s Resolution for the industry:  let’s elevate the dialog from trading marketing claims of little or no practical utility to active discussion and execution of the cutting edge solutions that sophisticated clients demand and deserve.

 

IAB’s Rothenberg down under

by Andy Atherton
December 6th, 2009

Some interesting thoughts in this conversation between IAB CEO Randall Rothenberg and Ben Shepherd of Australia’s Business Spectator.  While the whole discussion is interesting, I’d like to call out in particular Rothenberg’s assessment of the top 3 challenges facing IAB and the industry at large.

I think he has them right.

The swirling privacy issues don’t impact Brand.net (we don’t do BT for a variety of reasons – more about that on this page soon), but as BT becomes ubiquitous privacy issues represent a significant overhang to many other players and the industry overall.

The other two issues he mentions, though – measurement standards and branding – are near and dear to us at Brand.net.  It may not be immediately obvious, but these two issues are intimately related.  Online DR is easier and bigger than branding online today.  This is partially because investment in technology has disproportionately focused on DR, but measurement standards are a major factor as well.

The standard for DR is easy: CPA.  Attribution models are a topic of constant discussion (especially given some of Atlas Institute’s work), but for DR at least the goal metric is very clear.  For brand advertisers, who may not have near-term direct sales objectives and/or who are generating 95+% of their revenue with offline sales, it’s not so simple.  These advertisers need a variety of measurement approaches to understand the impact of their online campaigns on attitudes, online activities and offline sales.

Brand.net offers a complete portfolio of brand measurement capabilities and our platform is designed to deliver media that drives results, however they are measured.

 

Brand.net’s breakthrough

by Andy Atherton
November 19th, 2009

Interesting article by Joe Mandese on MediaPost this AM.  “Unsavory adjacencies” (which would be a great band name by the way) are indeed a huge concern for the largest brand advertisers as they ramp up their online investments.  That’s why Brand.net pioneered preventative page-level content filtering with the launch of SafeScreen almost a year ago.  Abbey Klaassen at Ad Age and Laurie Sullivan at MediaPost both covered the launch back in February.

Since then, while others have been in development, we’ve been busy protecting our customers.  In the past year, SafeScreen has provided 8 of the top 10 CPGs, dozens of other Ad Age 100 spenders and each of the top agency holding companies with the cleanest inventory available on the web, preventing millions of “unsavory adjacencies” each week.

While we’re on the topic, I will reiterate the point I made in my iMedia article a couple months back – that quality is a page-level issue, not a site-level issue.   The reason I bring this up is that in order to do any sort of page-level quality filtering, it’s necessary to know exactly which pages are requesting ads – i.e., which pages need filtering.  This is a very difficult challenge due to common usage of iframes by publishers.  This recent blog post provides a great background on iframes for the uninitiated.

SafeScreen works because Brand.net does the buying and the filtering.  So if we want to buy from a publisher that uses iframes we can take steps in advance to make sure we have accurate page-level visibility so SafeScreen can work.  The recently announced quality assurance products seem to suggest in their marketing claims that they can be dropped in front of a random, arbitrary ad buy and ensure safety.  This simply isn’t technically possible due to the prevalence of iframes.

Buyers considering these “stand-alone” solutions should ask hard questions.  If they do they will find they aren’t going to be nearly as safe as the marketing suggests.

 

2010 – the year of CPG?

by Andy Atherton
November 18th, 2009

Interesting post from Cory Treffiletti on Mediapost this AM.  He’s predicting that 2010 will be a big year for CPG spending online, driven by better measurement capabilities to prove the offline sales impact of online spend.

I agree.

Brand.net is a clear leader in this area, delivering strong, proven ROI results on web-wide campaigns for some of the biggest CPG brands on the planet.  These were not niche studies.  The average campaign size measured was >$250K, running across dozens of sites.  So Brand.net offers the viable, scalable solution Cory envisions to tie online ad exposure to offline sales.  We offer it today and have proven that it works.

Now if you’ll excuse me, I need to go call Cory to collect that budget he promised.  It’s shaping up to be a great 2010!

 

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