As specialty retailers struggle to keep pace with Amazon and large retailers, they need to appreciate the value their website audience brings to other brands. The truth is that your audiences eye balls are more valuable than your product. It's just a matter of time before you come to that conclusion. For those brands that have gotten there already, they are making multiples on their sales revenue by allowing relevant, non-competitive brands to advertise on their website, in their emails, and other strategic locations. This can be done in a way that you protect your brand and grow. 98% of your website visitors leave without buying so what not recoup all of the cost of getting them there and then some? Please join the conversation in the comments and watch this episode (links in the comments) of The MarTech Matrix Podcast to hear my interview with Greg Stellato from M3: The Future of Brand Commerce. This could be the thing you need to crush your goals in 2024. Michael Cassidy Shane Norris Tom Barbaro Cogent Collective #BrandMarketing #Ecommerce #MarTech #BrandMedia #ROI #MarketingInnovation
👋 For Specialty Retailers and Brand Marketing Leaders, In the latest episode of The The MarTech Matrix Podcast, I had an enlightening conversation with Greg Stellato, co-founder of M3: The Future of Brand Commerce. We delved deep into M3’s innovative approach to brand advertising, focusing on making merchants money and making media matter. Here's a quick summary of our discussion and some key takeaways on enhancing your brand media ads: 🔍 Understanding M3’s Vision: M3 stands for Make Merchants Money and Make Media Matter. They create new revenue streams for specialty retailers through brand advertising and sponsorship opportunities, addressing the thin margins, low conversion rates, and high traffic acquisition costs in retail. 🎯 Addressing a Real Business Problem: Greg shared how the idea for M3 evolved from seeing the struggles of retailers within the Shopify ecosystem. Their goal is to generate additional, highly profitable revenue for retailers by transforming them into media properties. 🛒 Differentiating from Retail Media: Unlike retail media, which is built for marketplaces like Amazon and Walmart, M3 focuses on specialty retailers. They use retailers as a proxy for context, offering brand-safe, premium advertising opportunities directly aligned with dedicated audiences. 📈 Measurement and Performance: With advancements in mixed media modeling and incrementality, brands can now measure the impact of upper-funnel media on lower-funnel metrics. This opens the door for better ROI and protects brand integrity. 💡 The Future of Brand Advertising: M3 aims to bridge the gap between brand and performance advertising. By integrating thoughtful ad placements, email activations, and leveraging retailers' loyal audiences, brands can create meaningful connections with consumers. ✨ Key Strategies for Brands: Push Up the Funnel: Use upper-funnel media to drive brand awareness and influence lower-funnel conversions. Leverage Retailer Context: Align your brand with trusted, niche retailers to enhance relevance and engagement. Embrace New Measurement Techniques: Utilize mixed media modeling and incrementality to understand the true impact of your brand advertising. Focus on Attention Economy: Measure dwell time and share of voice to ensure your ads are truly capturing consumer attention. Greg's insights remind us that brand marketing is evolving, and with the right strategies, we can create powerful, profitable brand experiences. Catch the full episode (Links in comments) for more insights and join the conversation about the future of brand media ads. Let's make our brand media ads work harder and smarter! #BrandMarketing #Ecommerce #MarTech #BrandMedia #ROI #MarketingInnovation Michael Cassidy Tom Barbaro Shane Norris Cogent Collective Sean Simon Host, The MarTech Matrix Podcast