Commentary by Eric Porres, Rocket Fuel’s CMO
End The Backstabbing
In an industry that is transforming and growing as fast as ad tech, there are new players emerging daily, and the space is becoming increasingly fragmented and crowded. How do winners emerge from the pack? “By being the best” would seem like the obvious answer. Despite this basic truth, brands and agencies frequently share stories of companies badmouthing competitors during their sales pitches.
Aside from being inappropriate, it’s a cataclysmic mistake to let your competitor enter the conversation. Brand-share studies consistently prove that mentioning another company only helps them grow their baseline brand. We’re participating in a growing multi-billion dollar industry where there is room for many winning companies. So let’s act like winners, and commit to a habit of excellence. As Aristotle once said, “We are what we repeatedly do. Excellence then, is not an act, but a habit.” Let’s commit to being habitually excellent.
Focus On Real Business Outcomes
As an industry, visibility and granularity have entered every stage of the conversion funnel. But, at the end of the day, which metrics really matter? If we’re honest with ourselves, it all comes back to real business outcomes. Sadly, CTR continues to hold a spellbinding allure because it’s a snackable metric (similar to a “Like” on Facebook). Yet its real value continues to be empirically debunked by independent measurement companies.
Dare yourself to hide the CTR column in your reports, then dare yourself to hide the impression column. When liberated from measurement mediocrity, you’ll find yourself asking better questions. 2015 is no time for complacency. It’s time to spend a little less energy overemphasizing proxy metrics, and invest more effort focusing on real results.
Listen To New Voices
The ad tech industry is filled with homogeneous voices. We need to fund more minority- and women-owned start-ups. Let’s bring diversity into the conversation so that events like Ad:Tech 2015 include a diverse and varied group of participants discussing new and exciting ideas, instead of debating the same ten topics with the same ten speakers.
Reinvent The Modern Marketer Roles
The new world order of anywhere, anytime, any-device media consumption, combined with increased options for consumer attention, obliterate the idea of single-channel media campaigns. (That curiously seem to end on the last day of every other month.)
Because of this transformation, we’re seeing the rise of the always-on marketer (AOM for short, since our industry loves acronyms). Gone are the days of running campaigns with fixed start and end dates. The most successful AOMs will embrace relationships with marketing technology companies that can augment their ability to continuously hunt for attention by the microsecond, around the globe, across every device, and through every available consumer touch point.
Originally published on Mediapost