The digital marketing and advertising industry is rapidly changing. Brands now approach this aspect of business differently, but people are still the target.
They are investing heavily in digital marketing advertising, going up 16.2% in 2022[1] from $491.70 billion in 2021. The types of digital advertising platforms are changing. They are also incorporating new features.
Key players like Google and Meta are leveraging artificial intelligence (AI) and machine learning (ML) to introduce innovative features such as advanced analytics and improved recommendations. These advancements help brands connect more intimately with their target audience, save resources, and make a significant impact in their respective industries.
Read on to learn about these features and their impact on the digital marketing and advertising industry.
Google Ads is a digitized advertising service by Google, enabling brands and marketers to advertise their products/services effectively. Brands can create ad campaigns based on specific marketing goals and optimize ads using target keywords, audience location, and more.
Marketers prefer Google Ads for its ability to track KPIs, stay ahead of competitors, and run budget-friendly campaigns with increased ROI.
These new game-changing features have further helped marketers reach their marketing goals efficiently.
Until 2022, Google used to have an expanded text ad format where marketers could add bigger headlines and long descriptions to their ads. However, Google replaced this ad format with a responsive search ad format. Now, the system leverages ML to create multiple headlines and descriptions automatically. Then, Google's algorithms identify the most relevant headline and description created based on the search query.
This rotation of multiple headlines helps marketers significantly. It helps them provide a customised experience for the users. And helps marketers optimise their ad performance. However, marketers must keep track of the performance of the various headlines. This will help them eliminate the less successful ones, making their ad campaign reach its full potential.
One concerning issue of the current digital marketing landscape is cookies and privacy. Around 85% of users[2] opt out of cookies on their mobile devices.
Cookies are files created by a website that saves information about a user's visit. This data is used to create personalised experiences for the users.
Google is trying to change digital marketing by eliminating third-party cookies used by advertisers. Now, marketers can only use the data they have collected from their users for personalisation and targeting purposes. This essentially increases the privacy of the users' browsing.
This new feature is a boon for marketers. It helps them automate Google ad campaigns fully, from designing ads to measuring results.
The Performance Max is a tool that combines texts and other creative assets. It aligns them with a brand's marketing goal. It also unlocks new customer segments for marketers by optimising the ad based on preferences. They know what the consumers want and use AI to make ads focusing on them.
It also helps marketers understand essential factors that impact ad performance. For example, it demonstrates which creative options bring the desired results. It allows brands to optimise their campaigns to drive ROI through AI technology.
It also helps marketers with keyword-based search engine campaigns. It does so by finding more converting leads from all of Google's channels like Gmail, Maps, YouTube, etc.
It also helps with budget optimisation by providing detailed information on campaign spending. It also recommends better budget utilisation.
Meta Ads are online ads that brands create for Meta platforms like Facebook and Instagram. Brands can reach 2.989 billion people on Facebook and 1.628 billion on Instagram with Meta ads. Meta ads also provide detailed advertisement metrics and ad performance data. This helps marketers make data-driven decisions.
It also enables brands to create different campaign objectives. And leverage several ad formats to reach other groups of target audiences. This helps them build brand awareness and increase site traffic organically.
In addition, Meta has made a significant impact with these new features on their platforms.
Previously, brands could only post single or multiple videos or images when advertising. But now, Meta has introduced a new collection ad feature to break the monotony. Now, marketers can post one large video or photo with smaller images.
This helps marketers show different products. Customers can swipe through multiple pictures to learn about the product or service.
This is another revolutionising feature that can automatically personalise user ad experience. When the system has the "optimise text per person" feature, it selects which part to highlight for each user. This can be the primary caption, headline, or ad description. This decision is based on the user data, preferences, browsing habits and how it has reacted to previous ads. This helps brands target their ads better. It also provides custom product/service details to leads and customers.
Now, brands can connect with their leads and customers using Meta platforms. Marketers can quickly create an ad directly to the WhatsApp business app.
Brands can connect with customers and quickly answer their product/service questions. Users can also use it to communicate and achieve business goals, like generating leads and increasing sales.
Brands can make advertising more immersive by using the "swipe left" function. You can easily find more details and pictures of the product on another page or screen. They can also access a product catalogue. The new page can also give details on exclusive deals and offers to incentivise users to take action. This helps users understand the product better and make an informed decision.
These Google and Meta platform features help users of that platform and marketers across the industry. Here's how they have impacted mainly the digital marketing industry.
With these fantastic features by Google and Meta, brands can target their audience effortlessly. These features leverage data-driven insights. This helps automate audience targeting, increasing lead generation and conversion rate.
These features help marketers save money and resources like time, effort, and energy. They optimise budgets. These features can automate marketing tasks like creating ads and targeting them effectively. They can also optimise keywords, reach a wider audience, and allocate budgets properly. This helps brands save a lot of resources.
The eventual goal for any business across industries is to increase its sales. And these features all narrow down to help brands achieve that. Brands benefit from better targeting options and an increase in the variety of ad formats. It helps them yield the power to influence their customers. Or lead them into purchasing the product/service. Brands can use essential data about what users like and want and choose to make this happen.
In the competitive world, what brands need to do to stand out from the crowd is to be remembered. Among the effective ways to achieve this is establishing a rapport with its customers or leads.
Features like ads leading to WhatsApp help brands establish a better rapport and open a line of communication that did not exist. This has significantly led to brand loyalty, visibility and awareness.
To succeed in digital marketing, brands must invest time, effort, and money in online advertising. Keeping up with new changes, features, and algorithms is essential to stay ahead of competitors.
Need help with digital advertising? Contact GrowthJockey to learn how brands use Google and Meta.
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The typical ad formats available on Meta include image ads, carousels, banners, story ads, videos, and collections.
A new goal-based campaign, Performance Max, allows advertisers to enhance conversions across Google's advertising channels. This includes Search, Display, Gmail, Discover, Maps, and YouTube.
Some new features that Facebook has introduced include advertising reels, optimised text per person, ads on Facebook Shop, swipe-up functionality and WhatsApp Business App integration with Facebook Shop.