“Data-Driven Thinking" is written by members of the media community and contains fresh ideas on the digital revolution in media.
Today’s column is written by Adam Kleinberg, CEO at Traction.
Math wonks are quick to deprecate the value of engagement. For those who believe spreadsheets and algorithms never lie, this makes perfect sense. If you can’t prove the effectiveness of your advertising with math, it must not be working, right? Some have described engagement as a “red herring” because there isn’t any “solid proof that engagement drives brand love.”
Sad news: Digital metrics are imperfect. They can’t measure everything. Basing 100% of decisions on the things backed by “solid proof” is a fool’s errand. Reach and frequency are comforting fallbacks because they are things we can count, but the fundamentals of the game have changed.
Not all impressions are created equal. The most important impressions are those that make one. Advertising is now a function of reach, frequency and impact.
Perhaps marginalizing creative works at the bottom of your funnel, but not when we’re talking about branding. Doing so represents a fundamental misunderstanding of humanity. Human beings feel stuff. When you make them laugh or cry or think or pump their fist in the air, you make an impact.
You can’t put a pixel on somebody’s nose to see if milk comes out. But having been a creative for 20 years, I can tell you unequivocally that when you present work to a room full of people and they crack up, other people who see that work will crack up when they see it too. And that laughter has impact.
Engagement is hard.
Last week I was at an industry conference and sat in a roundtable session with about 40 seasoned digital marketers on how to measure engagement. The big takeaway? Everyone seems to know engagement important, but nobody's sure how to measure it.
That doesn't mean you shouldn't. Too often, we measure what's easy to measure, rather than what's right to measure.
The challenge exists because just as not all impressions are created equal, neither are all engagements. Someone watching a 15-second video is not the same as someone watching a 60-second video. Someone sharing content, spending time on a website, viewing multiple pages and clicking "like" or "favorite" can all be defined as engagements. Each has a value, but that value is not the same across the board.
Consider a blended cost-per-engagement model as a method for measurement. Marketers should have a conversation with their media planning team about what they value and assign a weighted engagement multiplier to each engagement in the campaign. Perhaps a "favorite" or 15-second video view gets a 1X, while a 60-second view or someone who clicks on a banner and looks at multiple site pages is a 3X. Then you have something to optimize toward.
Some may say this approach is based on arbitrary assumptions of value. Well, it is. But we make assumptions all the time and at least this one is based on what is valued.
I'd prefer making an assumption based on what I value, rather than make generalizations about consumers that are based on assumptions about the meaning of data. What has meaning to you? The answer lies in the heart, not a spreadsheet.
Just like brand love.