The Future Product Placement -- Erin Schmidt // BENlabs
Oct 8, 2023
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Erin Schmidt, Chief of Product Placement at BENlabs, discusses the future of product placement. Topics include in-show product purchases on platforms like Amazon, integrating shopping experiences through QR codes and image search, measuring its success and ensuring authenticity, the evolving media landscape, and the importance of producers having control over their content.
The future of product placement lies in creating shoppable moments, where viewers can directly purchase products featured in shows, revolutionizing the way brands reach consumers.
The success of product placement relies on a marriage between creative storytelling and brand integration, allowing creators to tell the story through their authentic voice and resonate with their target audience.
Deep dives
Product Placement: A Shift in Marketing Strategy
Product placement has seen a dramatic increase in desirability from both brands and creators. With the content world becoming massive, it's harder to secure big investments from distributors, and brands are looking for new ways to reach consumers given the rise in ad avoidance. Product placement offers a unique opportunity to be integrated into content, supporting creators and becoming a part of the storyline. The future of product placement lies in creating shoppable moments, where viewers can directly purchase products featured in shows. Companies like Amazon and Peacock are already testing this concept, and technology has advanced enough to allow users to scan products and make quick purchases through their phones.
The Importance of Authenticity and Uniting Creative and Brand
In the future of product placement, authenticity will play a crucial role. Producers have the final control over their content, and brands cannot dictate how creators portray their products. The success of product placement relies on a marriage between creative storytelling and brand integration, allowing creators to tell the story through their authentic voice. It is vital for brands to understand the key performance indicators (KPIs) and ensure that their product integrations align with the expectations and preferences of their target audience. The future will see a continued emphasis on the core indicators of success and the need for creators to deliver content that resonates with viewers.
Navigating the Changing Media Landscape
The media landscape is evolving with the rise of platforms like TikTok and the introduction of streaming services. Despite this, linear television is still relevant and evolving into new distribution channels. Media consumption habits vary, and there is room for various formats, including short-form content on platforms like TikTok, long-form content on YouTube, and traditional linear television. As media distribution continues to change, the relationships between brands and content production sources need to adapt. Building strong partnerships becomes essential for brands to produce great content and understand their audience's preferences. With the bundling and unbundling of streaming platforms, brands must stay agile and take advantage of the opportunities that arise.
Erin Schmidt, Chief of Product Placement at BENlabs, talks about product placement. With platforms such as Amazon and Peacock offering in-show product purchases, the convenience of instant gratification has become the norm for consumers. For advertisers, this presents an opportunity to capitalize on a stronger attribution model and potentially revolutionize product placement. Today, Erin discusses the future of product placement. Show Notes