Season 3, Episode 5: Measuring Out-of-Home Advertising (with Ty Tinker)
Mar 13, 2024
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Topics covered in this podcast include the definition of Out-of-Home advertising, adoption timelines, fitting into marketing strategies, successful product categories, budget control, and the media buying process. Guests discuss the challenges of measuring impressions and attributions in the out-of-home space, the benefits of out-of-home advertising, targeting parameters, measuring foot traffic, budget control, navigating the out-of-home advertising landscape, and exploring testing and creative variants.
Out-of-Home advertising allows for broad audience reach with national influence and precise geo-targeting for boosting sales.
Digital out-of-home provides better bidding capabilities and efficient buying processes, targeting rural audiences effectively with low CPMs.
Deep dives
Targeting and Audience Reach in Out-of-Home Advertising
Out-of-home advertising encompasses audience reach and precise geo-based advertising to target specific markets efficiently. It allows for broad audience reach with national influence, along with the ability for precise geo-targeting to boost sales in specific areas. The simplicity in setting up creative assets and reaching a large audience at low CPMs makes out-of-home advertising a valuable marketing strategy.
Digital Out-of-Home Advertising vs. Traditional Out-of-Home
Digital out-of-home encompasses booking on digital screens with programmatically booked units, offering better systems and bidding capabilities. It includes digital billboards and programmatically booked units, providing a more efficient buying process. In contrast, traditional out-of-home, such as vinyl wraps and wrapped cars, targets a different audience. Digital out-of-home facilitates reaching rural audiences effectively at low CPMs.
Measuring Performance and Attribution in Out-of-Home Advertising
Measuring the impact of out-of-home campaigns involves assessing audience exposure data and linking it back to online events using pixel data. The industry is moving towards omnichannel and media mix modeling with incrementality testing for effective measurement. Creative testing and brand lift studies are conducted to experiment with creatives, assess brand recall, and determine optimal campaign performance.
Future Trends and Adaptation in Out-of-Home Advertising
Out-of-home advertising is evolving towards advanced methodologies, including media mix modeling and incrementality testing. The industry is focusing on predictive location targeting for efficient campaign planning. As technology progresses, out-of-home campaigns are shifting towards a more strategic, data-driven approach to ensure maximum impact and ROI.