“It is important to understand and speak to the uniqueness of
the American consumer. Marketers can’t have a singular view anymore,” said
Orchid Richardson, VP and Managing Director of the IAB Data Center of
Excellence, at Cross-Cultural Marketing Day. Hosted by the IAB Multicultural Committee on June 13th,
the 2019 presentations reflected how the value of data relates to the
multifaceted and dynamic audiences of today through the theme
#IABHasYouCovered.
Here are some of the key highlights from the event:
Programmatic advertising techniques allow marketers to consider
the entirety of a consumer’s cultural journey and personalize messaging. Brands should
take advantage of best practices to demonstrate their cultural understanding
and commitment to authentically representing their customers including:
§
Being informed about your consumer. Know what your
customers want, and don’t rely on instinct alone.
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Taking time to set up your campaign. Make sure to
leverage contextual targeting and consider behavioral nuances.
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Optimizing. Be informed by testing and re-checking day-part targeting.
For more insights from Elise James-Decruise from
MediaMath,
check out the top ten tips from MediaMath’s Multicultural Marketing
Playbook.
Brands have to take on a human voice, and in order to gain
informed insights, they have to know their customers as people. Mariko Carpenter
of Nielsen stated that Asian American cultural influences are becoming mainstream
from the award winning animated short film Bao to Netflix’s original
film Always Be My Maybe written, directed and starring Asian American
leads. Here are a few facts brands need
to consider to make genuine cultural
connections with Asian Americans:
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Asian American consumers represent one of the fastest growing
consumer audiences growing 45% in the last 10 years.
§
Family is a cornerstone of consumer decisions; especially as
Asian American households often represent cross-generational audiences.
§
Asian American audiences have proven to shop online at a higher
rate than other demographics, they are also often early adopters of evolving
shopping experiences, such as online grocery shopping.
To learn more, visit The Asian American Consumers
Journey: Informed Influencers and Powerful Purchasers.
Bring a fresh perspective to news, culture and diversity: BET introduced the
recently launched digital talk show Black Coffee hosted by author and
journalist, Marc Lamont Hill. Marc discussed the new show, which features
guests such as civil rights activist, Tarana Burke,
and actress, Laverne Cox, as having a unique viewpoint via the inclusion of
POC. Marc advocated for trusting one’s audience when creating content, noting
that we often set the bar too low. “If we always play to the cheap seats, our
audience doesn’t grow.” He emphasized the importance of being part of the
decision-making process when brand messages are developed, we (POC) have to be
in the room.”
“All marketing is cultural marketing” says Seraj
Bharwani, AcuityAds. The trick is to decode a particular culture, which
encompasses thorough consideration of four key elements:
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Passions, which can de discovered by reviewing viewed content
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Interests, which can be accessed from social feeds
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Intent, found on consumer’s search history
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Affinity, or brands that specific audiences are most loyal to.
For algorithms to go where even the human mind has difficulty
venturing, it is critical to look at all four areas, in order for a consumer’s
identity to permeate raw data.
You have to be in it to win. Fairweather advertisers are not
friends to the LGBTQ+ community. It may be World Pride Month (June 2019), but
if you are a brand, please don’t jump on the rainbow pride band wagon. Brands
with LGBTQ+ initiatives, workforces and policies need to invest in this
audience all-year round, not once a year in June. .
Slapping a rainbow flag or imagery on your logo risks your brand equity within
this astute consumer segment. BuzzFeed’s Tommy Wesely
stated “Pride“ is not just a parade or party,
[it’s something LGBTQ+] people are dealing with every day of their life”.
The
consumer is gaining control. In conversation with Adsmovil’s
Andrew Polsky, GroupM’s Nelson Pinero stated since 30%
of all Americans fall into one or more multicultural audience buckets, we are
about to see a balancing act between data and the years of experience that
allow media buyers to react dynamically to market conditions and, ideally, to optimize
plans. "Audiences will take more control of how they are reached
and agencies trying to find the right audience will need to
cross-reference their deterministic/probabilistic data to enhance plan
performance."