Daily Archives: February 21, 2021

Traditional advertising has done one thing really, really well over the past 70 years. Its stolen attention. What I mean by that is, advertising was created to take time away from content consumption and shift it to brand/product awareness. Think of it this way: back when we used to watch cable TV, what would happen every 7 minutes or so? A slew of television commercials that lasted for 4 to6 minutes.

As you were reading an article on Forbes.com what would happen as you scrolled down? A thumb stopping ad for BMW that took up your entire computer screen. If you were reading an interview in Sports Illustrated magazine 25 years ago, what happened as you turned the page? A full page ad that took your attention away from the content you were consuming. The same thing happened if you were in your car 30 years ago, listening to Howard Stern. Suddenly, youd hear an ad for prime ribseven though you were a vegetarian. We used to encounter countless ads from various places that had varying degrees of applicability to our lives. But social media and streaming services have started the process of changing the game entirely.

Think about it. How much cable television do you currently watch? Can you name evenoneclose friend who doesnt subscribe to a video streaming service? Studies show that close to 70 percent of US households have a TV/movie subscription, so even if you have a friend that uses cable, its likely he or she is using Netflix as well.

Dont believe it? This year,Netflix racked up more views on their platformthan viewers of cable and satellite TV combined. Although I havent done the research myself, I live by common sense and by paying attention to culture. The growth potential of HBO MAX, Disney Plus, Amazon Prime, etc and Hulu is alarming or exciting depending on what side you sit on. Conservative estimates show that up to30 percent of households were cord cutters, meaning they turned away from cable altogether, in 2017. That was in 2017, now lets think about that number in 2021.

What does all this mean? It means that television commercials are in major friction against the market.Collectively were watching less TVand were spending more time on our phones. Entertainment has continued to evolve, and with it, so has human attention. With this in mind, its key to understand a few pieces of information.

Number 1, this is not a childish phenomenon. Yes,the pandemic accelerated cord-cutting, but this isnt a new trend. Social media isnt just for teenagersin fact, there is no social media. Theres just mediaa media landscape that has changed rapidly.Today, more than 80 percent of each generation uses social media.Meaning, your GenZ kid is just as likely to have a social media presence as her grandma. The internet doesnt care if you believe me or not, it doesnt care if youre not willing to learn its language. It will move on without you. Therefore, your marketing strategy needs to evolve.

Number 2,influencers are the new editors in chief.You, as a marketer or business leader, cannot underestimate the importance of internet culture. That doesnt mean that the traditional way of advertising has died, and you should forget about old methods that may have worked in the past. It does mean that you cant afford to write off these new creators who are disrupting your space.DoggFace208 is a perfect example of this. Through the years, Ocean Spray has spent millions upon millions of dollars to grasp less attention and cultural relevance than DoggFace208 garnered in 1 minute. Side note, kudos to Ocean Sprayfor jumping on to that attention and adding to thenarrative (Ill go further in-depth on that cultural moment in a later article).

As I mentioned before, traditional advertising steals attention from what the consumer actually wants to consume. Advertising execs do this with thehopethat the consumer might want to buy or be aware of what he or she is selling. Take that and flip it, now youre giving time to a consumer who youknowwill want more information about what youre offering. Look at the big picture and understand whats happening in social media. Most platforms give us a single stream of feed dynamics. People are consuming content from many different parties (individuals, brands, publications, etc.). If a brand were to understand how to make content or how to team up with influencers to create far more native and contextual content for that stream, they would have a far greater upside.

When a TV show goes to a commercial, you can feel it. When you integrate a marketing campaign, whether youre doing it yourself or youre working with an influencer, it can be a little more seamless. That is the point. What does this look like in real life? Collaborations and sponsorships with influencers; supporting the things and people adjacent to the target audience you want to reach.

Above all, you have to realize that the market decides whats impactful now, not executives in a boardroom. Customers have always decided what they like, but television commercials and radio ads havent given advertising execs a feedback loop. They did not provide quant and qual metrics. These metrics, created immediately within a social media environment, shape insights for social media marketers that can be used to educate brands and produce more effective messaging. The comments section matters, which leads me to my next point.

Number 3, you might want to hire apost-creative strategist. You need someone who is willing to understand everything: the platform, the target audience, and how it relates to what you want to do. This person is going to be a key member of your team, the one who informs your content strategy. The PCS is a person that recognizes where the attention is and where it could go.

Post creative strategists pay attention to the comments from the creative that you put out. This allows for 20 percent of everyones creative team to just be creative. Now, they can create solely to receive insights from the consumer. Whether its strategic and you made the content specifically to get insights about questions you have, or if its the serendipity of a volume of comments that you read when the intent was to just build awareness around your productyou now have this rich feedback loop. Somebody whose business is about beingearsfor your brand is completely imperative. We live in a world today where the majority of brands focus on theirmouth, i.e. what they say. Using social media as a consumer insights tool is imperative, hence why the PCS matters so much. However, 99 percent of marketers arent thinking about this role.

Ultimately, its important to remember that the media landscape is constantly evolving.

Effective social media strategies arent built overnight. They take patience, humility, and an abundance of empathy. You have to give something back to your community, find value in providing entertainment or informationyou have to give something of value in exchange for the time that youre taking away. For example, Im very stressed with making sure this was a valuable 7-minute read for you. To summarize, you have to ask/earn their attention, rather than demand it.

This might sound scary, and counterintuitive to everything youve been taught. But, youve got to make it about them. Once you approach your content strategy with the mindset of giving, rather than taking, youll be ready to provide so much value to your end consumer.

Reprinted by permission.

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Advertising Through The Years: The Evolution of Attention - AlleyWatch

New York, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry" - https://www.reportlinker.com/p06025970/?utm_source=GNW The key end-user segments covered in this study are passenger car motor oils (PCMO) and heavy-duty diesel oils (HDDO).

The study analyzes two major vertical markets: lubricant additives and base oils. The major additive types used in these products are detergents, dispersants, antioxidants, viscosity index improvers (VIIs), and pour-point depressants (PPDs).

The trend of the use of various base-oil groups Group I (<90% saturates, >0.03% sulfur, 80-120 viscosity index (only mineral oils)), Group II (?90% saturates, ?0.03% sulfur, 80-120 viscosity index (only mineral oils)) and Group III (?90% saturates, ?0.03% sulfur, ?120 viscosity index (Includes synthetic oils and other oils)) is analyzed. Lubricants are selected for a vehicle based on a variety of requirements such as durability, emission levels, length of drain intervals, and ability to improve fuel efficiency. The requirements vary depending on the customer preferences, global and regional regulatory landscape, and the brand and model of the vehicle. This report tracks the industrys transformation and seeks to identify future opportunities that exist for lubricant manufacturers. The study analyses the change in the product landscape because of the high growth of electric vehicles (EVs) and variants in the automotive industry. The market for automotive lubricants and additives is greatly impacted by other Mega Trends such as the Covid-19 pandemic, changing international trade relationships, sustainability targets adopted by governments and regulatory authorities, and the miles driven by end customers around the world. The competitive environment in the lubricant additives market is highly skewed towards the larger market participants because of the high entry barrier for new entrants due to the significant amount of capital expenditure required. On the other hand, the finished lubricants market is highly fragmented amongst the smaller participants, while the major share of the market is held by a few global companies. The automotive lubricants and additives face regulatory pressure from organizations such as the US Environmental Protection Agency (US EPA) and REACH that mandate the use of products with reduced emissions. They are also mandated to adhere to the specifications put forth by organizations such as the American Petroleum Institute (API), International Lubricants Standardization and Approval Committee (ILSAC), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA). There is an increasing trend of customers demanding lower viscosity oils that also provide for higher drain intervals between oil changes. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. The research analyzes the global automotive lubricants and additives market. Volume and revenue forecasts have been provided from 2017 to 2027. At the sub-segment level, the analysis focuses on the additive types and base-oil groups used in these products. Competitive structure and market share data have been provided at the top level. The base year is 2020 and the forecast period ends in 2027.Author: Christeena ThomasRead the full report: https://www.reportlinker.com/p06025970/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry - GlobeNewswire