Time to Overhaul the Banner
Ash Nashed is CEO of Adblade, an ad platform.
Consumers ignore display banners. This is common knowledge, and it’s the impetus for brands’ current push for new units and formats that actually resonate with consumers. The display industry has tried to keep up, but the new solutions have thus far been unappealing takes on the existent banner structure.
Nowhere is this more obvious than with the relatively new Rising Stars units. So many networks and publishing groups are putting their faith in the fact that these larger rich-media units will save the day. In reality, the Rising Stars are trying to reinvent what fits in the banner unit rather than trying to reinvent the format and create something new. It’s tantamount to repainting the walls of the room instead of getting new furniture. For display to survive — and thrive — everyone in the ecosystem needs to face the truth and stop hitching their hopes to IAB units.
Native advertising, like video and social, has grown because it doesn’t look or feel like stale ad units. The days of shoving a logo in front of a consumer are over. The ad world is moving toward starting conversations between brands and prospects, and standard display units can’t do this, not even the Rising Stars.
Display itself has too many benefits to completely die. Scale, efficient automated buying and adaptive creative are all valuable tools to advertisers and part of the reason why they turn to digital in the first place. For display to survive, it needs to shed the rigors of the current IAB standards and find ways to become part of the consumer’s online experience. This may include in-text ads that appear as hyperlinks within the body of content. Alternately, it will be ads that appear alongside or after content, with units that speak to content-minded consumers.
The most important element for the future of display is that it has to feel like content. Again, look at native advertising and sponsored content. If display units appear very close to content and look and feel like part of the overall experience, then consumers are far more likely to click or engage. Rich media and in-banner auto-play video have little appeal because they have nothing to do with the reason the consumer is on the page. The Rising Stars ads still look and feel like ads, and eventually consumers will tune these out as well.
A content-like ad, whether it is a text link or has an image attached, is going to inspire curious individuals to continue their pursuit of worthy entertainment. After all, these are the consumers an advertiser wants to reach most. Those who scroll through a page quickly or jump around likely aren’t interested in advertising. But those who take the time to consume content will do the same for an ad message. Flashy, gimmicky units are great, but reaching an audience is the key and the only way display will grow.
Image via Shutterstock
‘We’re netting out with higher revenue’: Publishers reaping the benefits of Snapchat’s strong second half
With CPMs up as much as 20% year over year in the fourth quarter, many Discover publishers are bullish on the upstart platform for next year.
How Cosmo is building brand affinity with younger audiences through its focus on commerce
Cosmopolitan's focus on e-commerce through a line of branded wines and its own shopping holiday has led to a 254% increase in product sales.
‘Go to market faster’: The Washington Post’s Arc goes outside the tent for payment and data integrations
Subscriber revenue has become more of a priority to the Washington Post's Arc clients since it launched its subscription tools last year.
SponsoredPublishers will lead the charge as cookie-less advertising becomes the norm
Steve Wing, managing director, EMEA, Magnite As the advertising industry moves closer to a cookieless world — one in which browserless environments including connected TV (CTV) and mobile in-app are an increasingly large part of ad budgets — publishers will have an increasingly important role in developing the future of identity. Segment creation and identity […]
‘Profitability in the back half of next year’: BuzzFeed CEO Jonah Peretti (and Verizon Media CEO Guru Gowrappan) on their big merger
A special Digiday podcast episode features Interviews with BuzzFeed CEO Jonah Peretti and Verizon Media CEO Guru Gowrappan.
‘People have had permission to experiment’: Pandemic expedites rethink on 9-to-5 work structures
Starting out as a short-term fix to weather the coronavirus storm, employers are seeing work hours outside the traditional 9-to-5 week as a new normal.