Inside Forbes’ plan to scale its native ad business across Europe
Forbes’ native ad program BrandVoice is well-established in the U.S., though it’s got a way to go before it can boast the same scale internationally.
That’s the mission of the publisher’s London-based commercial team, led by EMEA director Paul Mikhailoff, who stepped into the newly created role after former managing director of international Charles Yardley left for City AM four months ago. Seven clients from Europe are now signed up for BrandVoice, among them Philips, and another two are on the verge of being signed, though they didn’t want to be named. Digital ad revenue has grown 20 percent year-on-year, while 80 percent of the publisher’s global revenue is from digital ad deals — both native and regular digital.
The publisher has scaled its U.S. native ad platform through a mix of methods, including letting ad clients run content featured on rival sites. BrandVoice now has 115 brand partners, all of which can publish branded content directly through the Forbes platform. But to expand its partners internationally Mikhailoff recognizes it must share more of its data with clients.
“The great thing about BrandVoice is that it has scale. And,increasingly, we’re hearing from marketers that they’re interested in ensuring the right people are being exposed to our BrandVoice content,” said Mikhailoff. “That’s why we have launched Brand Voice Premium – integrating influencer marketing and overlaying client side first-party data to enhance the targeting of native promotion.”
Agencies agree that Forbes needs to sweat its audience data harder — for both regular and branded content campaigns that run via BrandVoice. Erfan Djazmi, head of planning and mobile at Essence, said Forbes has decent international scale (4.5 million monthly U.K. visitors compared to 46 million in the U.S., according to comScore). But he added, “Where we’re a bit frustrated is how they use that scale. They don’t use their audience data in clever-enough ways to target that audience. Important data signals like how mobile location data can be used to tie to an audience’s passion points for example are the kinds of things we look for.”
Forbes’ branded content model, which lets advertisers pay to publish directly to the platform, has done well in the U.S. but is not necessarily the perfect formula for overseas, some agencies have said. “Sometimes with these kinds of products — when it’s clear the brand is speaking — it feels more like advertorial. We’re trying to get away from that. In some cases, that can work, but we favor native products when it’s clear the editorial and marketing functions have worked more closely to create a more meaningful experience for the client,” said Djazmi.
Forbes is freeing up more data-driven, quality content opportunities on BrandVoice, at least for Premium package partners, which pay a minimum $600,000 for a six-month period. This gives them access to key “influencers” defined as journalists, bloggers or any other content creator publishing on a specific topic (like cloud computing, for example) on pre-determined categories, courtesy of Forbes’ partnership with social media analytics firm Traackr.
Traackr mines 20,000 social platforms and websites to identify these influencers, who are themselves prolific content producers in their areas of expertise. Forbes will then approach them to see if they would publish on the client’s BrandVoice content series. Forbes has one major brand signed up, a deal being led from the U.S. office.
David Goodall, managing director of Havas Media International, said that expanding the influencer program to a European audience is a good move, though it will be a tough sell due to the publisher’s reliance on U.S.-based clients.
“It’s interesting and a smart package, well-targeted at advertisers, but in all honesty, we can already do this at scale with other tools and technology, so they’ll find it tough outside the U.S.,” said Goodall. “The interesting piece will be if they can somehow get deeper understanding of audience behavior.”
How publishers are handling returns to the office going into 2022
Here are the latest updates to media companies’ return to office plans. Some have already started bringing people in, while others are leaving timelines open-ended, after setting dates earlier this year.
‘This is scary stuff’: Cookie compliance efforts continue to fall short even three years after GDPR
Study finds GDPR-violations are rampant as user consent is often ignored.
Member ExclusiveDigiday+ Research: A majority of publishers don’t want to go back to full-time office work
With vaccination rates having leveled off and the omicron variant rising, optimism about office returns has given way to a more pessimistic outlook.
SponsoredWhat marketers are getting wrong about TV advertising (and how to get it right)
The explosion of new streaming platforms has led to a curious phenomenon in marketing, resulting in about a million think pieces trumpeting new opportunities in TV advertising. And yes, there is a huge opportunity waiting for brands when it comes to both linear and OTT advertising. But most of this well-intentioned (if overly excited) guidance […]
‘It’s too early to sell’: Why Axios is set on investing in internal growth, versus pursuing M&A in 2022
In 2022, Axios will focus on building its local media, subscription and SaaS licensing businesses to keep up the trend of 40% YoY revenue growth.
‘Catalyst for growth’: GroupM’s Brian Wieser bumps up his 2021 and 2022 global and U.S. ad forecasts
The latest global ad revenue forecast from WPP’s GroupM is out — and if it’s accurate, media is going to have a pretty great 2022 with almost 10 percent growth.