netwealth educational webinar - secrets of digital marketing with special guest pandora radio
TRANSCRIPT
PowerPoint Presentation
Netwealth educational webinar series
July 2016Secrets ofdigital marketingwith Pandora radio
HousekeepingThis webinar is being recorded. Slides will be sent to you after the webinar.Enter your questions in the chat. We will get to them during at the end of the webinar.Posting to social? Make sure to use #netwealthinvest or tweet @netwealthInvest.CPD pointsA questionnaire will be sent after the webinar
Meet todays speakersKatherine LarnerBrand Marketing Strategist [email protected]
Andrew BraunGM [email protected]
AgendaThe new consumerDriving awareness with digital marketing Introducing Pandora radioStreaming music trendsThe power of audioKey takeaways + Q&A
The empoweredconsumer
The rise of UBER, Apple, Google and Facebook has provided with more information than they have ever had, yet speed and simplicity in accessing this information.
This creates an empowered consumer, one where there is less of an information dichotomy between organisations and buyers.
This empowered consumer relies on their smart phone to access the internet all day everyday. When was the last time you caught a train.
They rely on their social media mates for information and trust organisation the least for this source of information.5
Path to purchaseAwarenessWhat does an adviser do? Do I need one?
EDUCATION
ConsiderationI need an adviser, who should I speak to? What should I look for?
COMPETIVE REVIEW
DecisionI need more details, such as prices and specific outcomes.
THE DETAILS
PurchaseLets work together! How do we get started?
THE INITIAL EXPERIENCES
LoyaltyI really trust my adviser, how can I support them?
THE ONGOING RELATIONSHIP
So when looking at this empowered consumer and how they make decisions about product and services it is important to reflect on a simple marketing construct the path to purchase. The advent of digital fortunately has not changed this6
How digital impacts thisAwareness
Consideration
Decision
Purchase
Loyalty
Radio TV
WOMBillboardsMail
Seminars
Display ads
FAQs on website
Blog articles
Webinars
Ratings & review websites
Search
Your website Landing pages
Blog articles
Getting started webinars
Blog articles
Email + newsletter
App
Loyalty program
Live chat
Social media
Magazine
Call centre
Follow up emails
Staff
MailDIGITAL TOUCHPOINTSTRADITIONAL TOUCHPOINTS
Display radio
Lead generation using digital marketing
Question to audience: Who has spent money on digital advertising? Who has had a positive experience? Where did you advertise?
8
Tips to generate leads via digitalOptimise your online presence for local searchFacebook advertisingOptimising your landing pageDigital radio advertising
Local search
Paid searchTo learn more: www.google.com.au/adwords/
Local search
Google+ / Google mapsTo learn more: www.google.com.au/business/
Local searchTo learn more: https://moz.com/local-search-ranking-factorsMy business signals 14.7%Google listingCategoryLocation
External location signals 15.5%IYP/aggregator consistencyCitation volume
On-page signals 21%Name, Address, and Phone Number are consistently listed the same across the webKeywords Domain authority
Link signals 18.3%Inbound anchor textLinking domain authority & qualityReview signals 9.8%Review qualityReview diversityReview velocity
Social signals 5.8%Google+ authorityFacebook likesTwitter followers
Behavioural / Mobile signals 6.9%Click through rateMobile clicks to callsCheck in
Personalisation 8.4%
The top negative ranking factors are:Incorrect business categoryListing detected at false business addressMis-match NAP / Tracking Phone Numbers Across Data EcosystemPresence of malware on site
12
Facebook advertising
Facebook has the reach of TV but with the targeting capabilities and low-cost entry price that only the internet can offer.
Facebook advertising
To learn more: www.facebook.com/business/Tools: Facebook Power Editor
Landing page optimisationBanner Ad / Search / Audio Ad Landing Page Enquire / Buy
To learn more: http://unbounce.com/101-landing-page-optimization-tips/https://www.quicksprout.com/landing-page-optimization/http://blog.hubspot.com/marketing/landing-page-examples-listhttp://blog.hubspot.com/marketing/fantastic-landing-page-exampleshttp://www.awwwards.com/how-a-simple-landing-page-can-drastically-change-the-face-of-your-business.html https://searchenginewatch.com/2016/07/14/11-quick-ux-tips-to-improve-landing-page-conversion
Tools:https://www.optimizely.com/ Google Analytics Expirementshttp://unbounce.com/
When you run any type of online adto increase traffic to your website, where do you send that traffic? Are you directing people to the homepage or other generic page?
Landing pages are pages on your website that are built with two things in mind -a specific campaign and a specific goal or a particular action you want your new traffic to take.
When you send traffic to your homepage or blog post, there are too many distractions. Youve got current news and promotions, social links, the main navigationand lots of other links that pull a visitors eye in all sorts of directions.
If you send people to a special page that was designed with an end goal in mind, things become much more streamlined, organized, and as a result, more effective.
Source: https://www.entrepreneur.com/article/27841315
Landing page optimisation
Few distraction
For those that want to speak to someone
Clear call to action (CTA) at the top of the page
Beautiful imagery
Simple articulation of what the offer is
For those who might be nervous
Clear copy
Secondary CTA for those not ready to buyhttps://99designs.com.au/powerpoint-template-design
That all seems easy and dandy, but how do you create a landing page if youve never done it before? What exactly do you put there? What components are necessary?
First of all, youve got to have one clear objective. What is the purpose of this page? What do you want people to do when they land on this page? Answer these questions, and you have thebuilding blocks for a page that will just fall into place.
Lets look at 99designs, a online freelance company, as an example16
Landpage optimization(LPO) is one part of a broader Internet marketing process called conversionoptimization, or conversion rateoptimization(CRO), with the goal of improving the percentage of visitors to the website that become sales leads and customers.17
Introducing Pandora radio
Pandora Confidential
Pandora Confidential
Pandora Confidential
Todays Agenda
Streaming Music Landscape Streaming Music TrendsPandora Partnerships & AcquisitionPandora Advertising & Power of Audio
Feel free to ask questions throughout!
Music Consumption Has EvolvedStreamingPandora / Spotify / SoundcloudDownloadingNapster / Lime Wire / iTunesHard CopyVinyl / Cassette / CD
NOWMid 00sMid 90s
Pandora Confidential
Pandora Confidential
Streaming CategoryKey category tiersStreaming AggregatorsTune into streams of Broadcast Radio Stations(TuneIn)
On-Demand StreamingPlay individual songs or albums on demand, usually for a subscription fee (Spotify)
Personalised RadioCreate your own personalised radio station based around an artist, song or genre(Pandora)
Pandora ConfidentialThe Music GenomeSetting pandora apartThe Music Genome captures up to 450 musical attributes or genes of a song such as vocal tonality or beat syncopation
This is then analyzed & sorted by a team of 30+ highly skilled Musicologists
From there it is organized using a complex mathematical algorithm
The result is that Pandora plays customized musical selections in the form of stations completely unique to the user
Streaming music trends
Pandora Confidential
Streaming CategoryKeY TRENDSConsolidationFrom 20+ services to 3 dominant players Pandora, Spotify and Apple Music
Move towards SubscriptionApple Music 100% Subscription, Spotify 40%, Pandora to launch on-demand subscription service
Mainstream AdoptionNo longer only early adopters. Rise of Netflix/VOD
Music Streaming GrowthSource: Roy Morgan Research Single Source (Australia): November 2014 October 2015
Incremental Reach Versus Radio5Source: Roy Morgan Research Single Source (Australia): June 2015 Mar 2016
COMMERCIAL RADIO78%
DIGITAL RADIO8.1%
13.9%Commercial radio or digital music streaming listeners(13.4M)
Incremental Reach Versus SpotifySource: Roy Morgan Research Single Source (Australia): June 2015- March 2016
79% of Pandora users have not listened to Spotify in the last 4 weeks
Pandora79% exclusivity
Spotify88% exclusivity
Pandora AustraliaLargest AUSTRALIAN internet radio serviceDelivering audience at scale:3.5m+Registered Accounts(15% Market Penetration)
Pandora Confidential
Unique User Growth9% Growth
Pandora Confidential
Engaged Audience on PandoraMost listened to Australian internet radio serviceTime Spent:2.5 HrsListened per user per day
Pandora Confidential
Source: Roy Morgan Research Single Source (Australia): July 2014 June 2015, Total Audience: Website or App in the last 4 weeksPandora Listener Profile
Pandora Confidential
Page 32Bing SMB Advertisers Search Ads21-Jul-16 2012 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.
The Internet of Everything
Pandora Confidential
Adoption Fueled by Strategic Partnerships
Pandora Confidential
34
The powerof audio
Pandora Confidential
The Power of Audio
Captures Attention
Personalisation of message
Unparalleled Engagement
Tap in to Peoples Imagination
Best Practice Audio Advertising
Pandora Confidential
Best Practice Audio AdvertisingPandora Confidential
Target Your Exact Audience
LocationDemographicTime of Day
Pandora Confidential
Audio Commercial Load
1 Spot1-2 Spots1-2 Spots7 MIN15 MIN
1-2 SpotsPandora serves a maximum of 4 Audio Ads per hourLow Clutter, Deeper Ad Engagement15 MIN15 MIN
Pandora Confidential
Benefits Versus RadioCOMMERCIAL RADIOPersonalisedYesNoCommercial Load (Ad Clutter)Low 2 mins/hourHigh 15+ mins/hourAudience DeliveryActual (Logged In User)EstimatedTargetedAge, Gender, Geo, Genre, etcDemo SkewedVisual SupportYesNoMeasurableYesNoAudience VerificationYesNo
Pandora Confidential
HSBC CASE STUDY1.49%overall campaign conversion rate$100cost per call1.59%
334total number of call enquiries to HSBC from campaign
click to call ratePandora Confidential
GETTING STARTED WITH PANDORAInvestment: $15,000 (min. $5,000)
Free Audio Ad Recording: Pandora can record custom audio ad free of chargeReporting: Weekly reporting provided on the number of audio ads that were heard and clicks to your website
1 month, Melbourne, 550,000 audio ads, visual banner ads
Pandora Confidential
Pandora Confidential
Katherine Larner0437 [email protected]
Pandora Confidential
Key takeaways
Generating leads with digitalLead gen (awareness/consideration) digital activities differ from conversion and retention tacticsThe benefits of digital radio are:Emotionally connects you with people through personalisationHyper targeted, hyper-localNo clutterROI is clearFacebook advertising is a cost effective marketing toolEnsure you are set up properly for google local searchLanding page optimisation will increase conversion ratesDont wait test and learnWatch your inbox for our resources on digital marketing
Questions & Answers
DisclaimerThis webinar and information has been prepared and issued by Netwealth Investments Limited (Netwealth), ABN 85 090 569 109, AFSL 230975. It contains factual information and general financial product advice only and has been prepared without taking into account the objectives, financial situation or needs of any individual. The information provided is not intended to be a substitute for professional financial product advice and you should determine its appropriateness having regard to you or your clients particular circumstances. The relevant disclosure document should be obtained from Netwealth and considered before deciding whether to acquire, dispose of, or to continue to hold, an investment in any Netwealth product.
While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), no person, including Netwealth, or any other member of the Netwealth group of companies, accepts responsibility for any loss suffered by any person arising from reliance on this information.
49
2015Blues29424.0