automotive

What Makes a Podcast Ad Effective?

Brian HughesEVP, Managing Director, Audience Intelligence & Strategy, MAGNA

Arica McKinnonVP, Campaign Analytics, Nielsen

Podcasts offer strong value for advertisers as the result of the growing amount of content, audience diversity and high engagement levels, including increased brand recall. Opportunities for monetization of podcast ads have increased and MAGNA expects U.S. podcast ad revenues to reach $2.4 billion in 2023. Brian Hughes of MAGNA and Arica McKinnon of Nielsen shared the results of a podcast advertising effectiveness study and presented the best practices that increased the effectiveness of these ads, overall, and for CPG, automotive and retail brands, specifically. The study measured the impact of podcast advertising on key brand lift metrics utilizing an online panel, controlled exposure methodology and a post survey. These results were then compared to Nielsen’s Podcast Norms.

Key Takeaways

  • Podcasts provide reliable lifts on key brand metrics, including familiarity, affinity, information-seeking intent, purchase intent, recommendation intent and aided awareness, but fine-tuning can create even more value.
  • Longer creative generally drives higher lifts, but 35 seconds to a minute ads strike the right balance between results and the listener experience.
  • More brand mentions drive better results.
  • Host read ads are better for building awareness and driving search.
  • Custom content enables brands to build awareness due to strong recall.
  • Pre- and mid-roll placements show comparable lifts, while post-roll has a clear disadvantage.
  • Podcasts can drive positive results for CPG brands across the funnel.
    • Auto brands can use podcasts to build awareness and affinity. Sports podcasts are a good fit for auto brands.
  • Podcasts work well to build awareness and affinity for retail brands.

Download Presentation

Member Only Access

How Retargeting Drove Toyota’s Success Among Hispanic Auto Buyers

  • Mia Phillips – National Manager Multicultural & Brand Strategy, Toyota Motor Sales, USA, Inc.

A lack of in-language automotive sites and online clutter posed challenges to Toyota’s need to reach likely truck buyers in the growing Hispanic community. The automaker used an innovative retargeting approach combined with an understanding of their target’s interests and special creative executions to gain traction among their target and drive success.

How This Regional Toyota Marketer Connected TV Ads to Dealer Visits via AdAge

In June and July of 2016, 652,000 households in Arkansas, Louisiana, Mississippi, Oklahoma and Texas saw at least twice as many TV ads promoting summertime deals on the Toyota Camry as others in the region. Not only did Gulf States Toyota target these households specifically based on data showing they were in-market car shoppers, the regional Toyota office measured whether the addressable ads led to an increase in foot traffic to dealerships by directly tracking when anonymized mobile devices associated with the targeted households showed up in stores.

The process involved three key players: audience data provider Experian, addressable TV ad seller AT&T AdWorks and mobile location data firm NinthDecimal. First, AT&T, which offers DirecTV inventory, imported audience data associated with in-market car shoppers from data broker Experian. Following some refinement tests, 652,000 households were determined as the target audience. During the campaign run, those households were shown up to three times the number of ads others in the non-targeted audience were, accommodating advertiser rules for optimal frequency, and ensuring ads didn’t run back-to-back, for example.

The campaign results showed that the ads sparked 19% more Toyota dealership visits from those targeted compared with the control group. NinthDecimal also found that 80% of visitors traveled 10 miles or fewer between their homes and the dealership.

Access full article from AdAge