Brands, want better purchase intent? Advertise on media that share your values
Adidas, you may want to pay attention.
Recent research from IPG’s UM media agency found that socially conscious brands that advertise on media that share the same values generate a much higher level of purchase intent from consumers. Conversely, brands that don’t prioritize traits such as integrity, equity and sustainability can’t make up for it with advertising on media that do embody those priorities.
UM’s Future Impact study, released during Advertising Week, surveyed 5,000 participants selected out of a randomized pool of household brands (including but not exclusive to UM clients), media partners and social value attributes. Researchers then modeled the combinations to predict results, analyze decision drivers and create a simulation tool that enabled them to shift factors to see the impact on purchase intent as social values either increased or decreased.
Top-line findings of the study included:
- Purchase intent more than doubles when socially conscious brands engage advertising media partners that share common values;
- When a brand embodies all three values of integrity, sustainability and equity, purchase intent rises by 75 percent;
- Brands that support sustainability and integrity values alongside media partnerships mirroring the same values provide the most efficient lift in purchase intent;
- Brands that score low on responsibility metrics cannot improve their performance simply by advertising on media partners with higher responsibility metrics; rather, brands must evolve their practices and commitment to social values to see increased results.
Phase two of the effort is still in the early development stages but will look to incorporate the study’s findings into the buying and planning process at UM, including how to incorporate it into the data stack, and to expanding it globally.
Dino Mytides, UM’s svp of research and analytics, shared the study’s premise, the results derived from it, and what upcoming phases will hope to accomplish.
The following conversation has been edited for space and clarity.
Did you start off with the idea of looking at socially conscious advertisers paired with socially responsible media, or did that come about once you started looking? And were clients asking for this?
The question that we wanted to address [was] whether or not consumers felt that being responsible was important. Was it critical? Responsibility was measured many different ways. And in every instance, the finding said the same thing: Yes, consumers thought it was important. What we didn’t know and what we wanted to understand was, what does it mean from a business perspective? Will a consumer make a different choice if an advertiser and/or a media partner is not responsible?
To answer that, we set this study up. The initial design was a proof of concept. At the time, we weren’t intending on making this part of our media planning tool, which now it’s kind of evolved into — it should be part of the media planning decision. And that’s really because of the findings that we were able to garner from this first study.
It seems you really did prove the concept that purchase intent doubled when both advertiser and media showed similar social consciousness.
We were not expecting to see the partners that advertisers were advertising on, to have that much more of an impact than where the advertiser was at baseline. That was pleasantly surprising that we could as an industry have an influence on purchasing just by placing ads in different locations, [when] nothing else would change. Everything else would be the same, we would just be these, these partners are more responsible, and we should see a shift and intent there.
One caveat to all of this is, right now there’s not a good or objective method in determining who’s responsible, who’s not responsible, and at what scale. And that’s something that we’re going to put forth for phase two as we measure our partners more thoroughly. But still, consumers need to be aware of this.
if this pans out and we start to see lifts in purchase intent, it’ll incentivize [media] partners to do one if not two things: If they’re already responsible it’ll incentivize them to let consumers know that they are responsible. And if they’re not responsible, it’ll incentivize them to become more responsible, and then let consumers know.
So phase two incorporates this into the media buying and planning process. Is that going to be just for UM or IPG clients?
We’re only just now starting the kickoff conversations of phase two, so much can change. The number one objective, though, is to get a better read on the [media] partners more so than the brands. We need to get a very strong foundational understanding of all of our partners — the bigger ones, but also some of the small ones. Because we found that some of the smaller partners can still have an influence, even though their scale isn’t there, if their scores are higher.
The second part of that, though, is to make it very specific to our clients’ consumer base. By appending the dataset to our data stack, it will allow us to understand how these partners score against the audiences that we’re going to market with for each of our clients. Through that approach, we’ll get a very specific ranking of our media partners against the audience that’s been determined to be the most valuable for each of our clients. So that’s the approach that we’re taking now.
Any big surprises?
One of the things that we didn’t expect to see … We have six metrics captured in our study that we defined as responsible behaviors, and we grouped them into integrity (which is kind of like truthfulness), equity and sustainability. What we found was that, as an advertiser or as a media partner, if you focused on only one of those, the implication on purchase intent was not as significant as we would have liked to have seen. When we started to see improvements in two or three of those groupings, that’s when the big lifts started to happen. We couldn’t really identify why that was occurring. It could be that consumers are savvier than we think they are, which is almost always the case.
Newsletter publishers cautiously plan to expand editorial and sales teams
Publishers with newsletter-focused businesses are looking to grow their editorial and sales teams this year — but cautiously, to keep spending down during a time of economic uncertainty.
Magna 2023 forecast paints a resilient U.S. market, thanks to retail media and streaming
In its latest ad forecast, Magna is expecting a resilient U.S. market this year – boosted by retail, streaming and the auto industry’s bounceback.
How agencies are shaping the future of DEI beyond their own walls
Agencies are acknowledging that diversity efforts don’t stop with their companies. In addition to improving employee representation, now agency efforts in diversity, equity and inclusion are aimed at supporting clients and external partners.
SponsoredHow advertisers are fostering more effective publisher partnerships
Michael Weaver, senior vice president, business development and growth, Al Jazeera Media Network An everyday conversation between publishers and advertisers goes like this: The publisher invites the advertiser to a meal to talk about their business, attempts to delve into specifics on what the media buyer is looking to achieve, their audience breakdown and how […]
Newsletter publishers say they continue to see uptick in revenue despite advertising slowdown
At a time when larger media companies are feeling the pressure of the economic downturn and advertising slowdown, newsletter businesses continue to be in a period of revenue growth.
TikTok’s CEO faces bipartisan skepticism in first Congressional hearing on security concerns
The hearing comes amid calls to remove TikTok from government devices and in some cases even ban it entirely.