75% of global sales occur through indirect channel partners, yet many brands still rely on antiquated and ineffective methods of supporting and leveraging their channel partners. Today, success requires innovation and collaboration to drive local engagement, activation, and sales. Complete with use cases, this white paper demonstrates why offering collaborative social advertising solutions to your network of channel partners will dramatically improve the sales of your products/services, and in doing so, enhance the value and depth of your channel partnerships.
Facebook will be imposing new ad limits in 2021 and there are numerous practical implications for marketers to consider.
We’ve got good news and bad news for high-volume Facebook advertisers.
The Bad News
Facebook is initiating an ad limit per Page beginning February 16th, 2021. Ad limits per Page will depend on the size of your budget.
Here’s the breakdown:
So how can you get around the ad limits imposed by Facebook? (And by doing so drive better performance!)
The Good News
Publish Through Your Channel Partner’s Pages.
It’s no secret that brands who connect and collaborate with their channel partners often do so with the goal of driving local customer acquisition and increasing product sales. It’s also true that consumer engagement through social advertising is a powerful tool that benefits all stakeholders top to bottom – the brand, the consumer, and the channel partner. Channel partners have a strong handle on their consumers’ preferences, so it can be helpful to leverage their knowledge in your social advertising to optimize for your creative and audience. They are often also the places where consumers need to go to buy the brand’s products, so why not market through the closest point of sale? When mixed with brand marketing expertise, marketers can proactively deliver brand-level identity that drives a consumer-channel connection through their local partners by collaboratively publishing content. And by opening up your marketing collaboratively across numerous different Facebook Pages, suddenly Page limits are not a concern!
Optimize Your Creative Before You Publish
By utilizing our predictive performance insights, we can help you pre-optimize your creative to ensure maximum ad performance and simpler execution. Publishing through partner Pages already increases the quality and relevance of your ad, factors that decrease the cost of advertising for brands through demographic differentiation and personalization. Our pre-publishing analysis will outline what the most effective product positioning, colors, and sentiments are based on historical performance.With With creative insights based on your historical performance, you can start smarter – utilizing less ads on Facebook testing and learning with pre-optimized ads at the point of publishing.
Use Dynamic Media/Creative Within ads
Integrating dynamic media or a creative within your ads will exponentially increase the success of your ad. Consumers are more likely to click on an ad with a bold design than an ad made of only copy. But implementing unique creative elements in your ads takes more ads through Facebook’s native tools. With Tiger Pistol, you simply build a template that dynamically adjusts creative for the intended market, allowing you to publish hundreds or thousands of customer-focused campaigns in minutes with high quality.
Pre-optimize Your Audience with Secure First-party Data Sharing
Audience testing can also account for loads of extra ads. Tiger Pistol makes it easy for your partners to securely gain first-party brand data to build better audiences, and, in a virtuous cycle, your brand can gain invaluable insight about consumer preferences at the local level as geo-fencing first-party data locally through partners creates a feedback loop that enhances the local campaign, while enhancing the larger first-party data lake. Focus less on going after every persona you can imagine, and instead focus on those segments that actually produce results.
Learn how Tiger Pistol helps brands accomplish collaborative advertising with channel partners exclusively through social media. Contact us today.
Needless to say 2020 was a strange year. Yet it brought an invaluable opportunity to redefine, reevaluate, and reinvest. Tiger Pistol did not take this opportunity for granted. At that, 2020 has been quite a monumental year for Tiger Pistol and its growth.
Following the nationwide lockdowns in early March, Inc. Magazine released their annual Inc. 5000 list which evaluates 250 private companies based in Texas. Tiger Pistol was named No. 59 overall and came in the top 5 for advertising and marketing companies. Tiger Pistol’s innovative, one of a kind platform has allowed for their exponential growth and recognition in the industry.
In April, when normalcy seemed to be a fleeting notion, the Tiger Pistol team found ways to incorporate fun activities in their daily routine. At Tiger Pistol, we value the strong community culture we have built over the years, so staying connected and positive during quarantine was a big priority for everyone. For instance, “Quaran-Tini” virtual happy hours gave team members something exciting to look forward to. Additionally, we created a channel on Slack called #social-distancing-together which allowed the team to build stronger bonds by sharing encouragement, positivity, and laughter.
July was huge for Tiger Pistol, with a new office opened in Cleveland, Ohio! Open during a global pandemic, how do you do that? The team employed creative thinking to develop innovative strategies that followed COVID-19 guidelines to safely open the space. Tiger Pistol was very glad that their new office would bring 25 job opportunities to Cleveland during a time of uncertainty for many.
In August, Inc. Magazine’s 5000 (nationwide) list ranked Tiger Pistol No. 1425 with a three-year revenue growth of 311.4%. It is an honor for us to be named one of the nation’s fastest-growing private companies.
A milestone for the books: Tiger Pistol surpasses 1,000,000 social advertising campaigns in October! This achievement reaffirms the success of Tiger Pistol’s platform and its capabilities for consumers, prospects, and stakeholders.
“Surpassing one million published campaigns speaks to the scale and marketplace leadership of the Tiger Pistol platform,” said Paul Elliott, CEO. Tiger Pistol remains the largest third-party publisher of local social advertising.
More recently, Tiger Pistol was named the most awarded and recognized social media platform of 2020.
“These honors really speak to the quality of our social advertising technology, our company culture, and our common mission,” said Paul Elliott, Tiger Pistol CEO.
We are looking forward to what’s ahead for us in the new year!
Unlock your brand’s potential in 2021 by using Tiger Pistol’s award-winning platform for your brand strategy. Request a demo today!
Tiger Pistol Platform Simplifies Social Advertising, Increases Performance
Tiger Pistol, the only social advertising platform that delivers local activation at global scale, was recently named Best Social Marketing Platform for the second year running in the Digiday Technology Awards.
“Last year’s selection of Tiger Pistol over other leading social advertising tool providers validated our category leadership position,” said Paul Elliott, Tiger Pistol CEO. “Earning this honor for the second year in a row is a true testament to our continuous innovation, broadening the applicability of our solution, and deepening the value we deliver.”
The Tiger Pistol platform’s power lies in simplifying social advertising performance. Utilizing advanced automation and breakthrough applications of AI and data, Tiger Pistol takes the hard work and cost out of delivering better performing social campaigns at scale for global brands and their agencies, all while preserving brand integrity.
“We’ve published more distributed social advertising campaigns than any other tool provider or vendor in the industry, giving us an ocean of intelligence and actionable insights to help our clients hone their strategies and optimize their campaigns for maximum performance,” said Elliott. “In today’s world, campaign performance is more important than ever. Every advertising dollar must work as hard as possible for our clients and their distribution partners, which is why Tiger Pistol continues to invest and innovate in the future of advertising science, where guess and test is gone and know and optimize is reality.”
The Digiday Technology Awards recognize the technology modernizing media and marketing, bringing efficiency and effectiveness to brands and agencies worldwide. As noted in its Awards Guide, “ Social media is a complex beast. Tiger Pistol proved that brands, with the right automation and workflows, can tame it.”
To learn more about Tiger Pistol’s social advertising tools and how Tiger Pistol, the world’s #1 social advertising automation platform for local, unlocks local activation at global scale for brands, resellers, and agencies contact us today.
Tiger Pistol Recognized by The Drum and Digiday for Work with JOANN Stores, AB InBev and Realogy
Tiger Pistol, the only social advertising platform that delivers local activation at global scale, was recently named a finalist by The Drum Social Buzz Awards for Best Retail/E-Commerce Social Media Strategy/Campaign and by the Digiday Technology Awards for Best Personalization and A/B Testing and Best Social Marketing Platform.
“We’re thrilled to be honored for these latest awards, continuing our streak as the most honored and recognized social advertising platform of 2020,” said Paul Elliott, Tiger Pistol CEO. “These three clients all have unique use cases within the Tiger Pistol Platform, and these three honors reinforce the effectiveness of our platform’s versatility as well as our team’s ability to innovate and solve for our clients’ needs.”
Tiger Pistol’s work for JOANN Stores, the nation’s largest specialty retailer of fabrics and crafts, is honored by The Drum for Best Retail/E-Commerce Social Media Strategy/Campaign. JOANN Stores needed a method to amplify its corporate “Make to Give – Masks for All Americans” initiative, encouraging crafters to make and donate masks to essential workers and schools. To support this important initiative, Tiger Pistol ran high-performance Facebook and Instagram ads with copy that dynamically localized to drive community relevance and ad performance for JOANN’s initiative.
In its first month, the campaign proved 36% more cost effective than national campaigns and helped the retailer exceed their mask donation goal by over 30 million. In addition to driving online transactions, Tiger Pistol’s foot traffic attribution model surfaced that 84% of ads engaged with resulted in store visits during the first month of the campaign.
The Digiday Technology Awards shortlisted Tiger Pistol for its work with Anheuser-Busch InBev (AB InBev), the world’s leading brewer, and Realogy, the leading provider of U.S. residential real estate services.
Tiger Pistol will defend its Best Social Marketing Platform title earned in the 2019 Digiday Technology Awards. Using Tiger Pistol technology, AB InBev’s built a Covid-19 local social strategy, giving the company’s network of independent restaurants and bars the much-needed advertising power to drive business and reinforce the essential role restaurants and bars play in local communities and in the lives of consumers. Powered by Tiger Pistol’s technology, AB InBev seamlessly pivoted from foot traffic advertising to recovery and revitalization initiatives during the height of pandemic lockdowns.
Tiger Pistol works with Realogy to power Social Ad Engine, a scalable, social advertising solution that enables real estate agents to promote listings with auto-configured, high-performing Facebook and Instagram campaigns. Every campaign leverages Social Ad Engine’s best-in-class, automatic A/B testing to ensure agents’ budgets are spent effectively to drive the best outcome, earning Tiger Pistol’s technology a finalist position in the Best Personalization and A/B Testing category.
The Digiday Technology Awards recognize the technology modernizing media and marketing, bringing efficiency and effectiveness to brands and agencies worldwide. The Drum Awards is a global awards program which recognizes best practice, the best companies and the best people from across the marketing and communications industry. Both the Digiday Technology Awards and The Drum Social Buzz Awards will announce winners on November 12, 2020 in virtual ceremonies.
To learn more about Tiger Pistol’s social advertising tools and how Tiger Pistol, the world’s #1 social advertising automation platform for local, unlocks local activation at global scale for brands, resellers, and agencies contact us today!
The World’s Largest Third-Party Publisher of Local Social Advertising Exceeds 1 Million Campaigns
Tiger Pistol, the only social advertising platform that delivers local activation at global scale, today announced another milestone achievement with one million Facebook and Instagram campaigns published since launching its social advertising technology in 2016.
“With more local social campaigns published through our platform than any other tool provider or vendor in the industry, Tiger Pistol’s wealth of campaign data is unsurpassed,” said Paul Elliott, Tiger Pistol CEO. “As a result, Tiger Pistol provides more intelligence and actionable insights than any other provider in the category, helping clients to develop and hone their strategies and optimize campaigns for maximum performance.”
In the last year alone, Tiger Pistol grew monthly campaign volume by 40%, as more brands, SMB resellers, and agencies have discovered the power and efficiency delivered by the Tiger Pistol platform. Looking ahead,, the company anticipates continued aggressive growth as the platform will support clients in more than 15 countries, 22 currencies, and 8 languages.
“Surpassing one million published campaigns speaks to the scale and marketplace leadership of the Tiger Pistol platform,” said Paul Elliott, CEO. “Each year we see a significant increase in campaigns run on the platform as we rapidly grow our client base and expand our global footprint.”
Elliott also notes that Tiger Pistol’s legacy is built on successfully delivering “first-evers” that drive client value through a team with deep social advertising expertise.
“Of course, this achievement is mind-blowingly awesome, but it also shows the success of our company,” says Analissa Moreno, Data Operations Lead, Client Success, who has been with Tiger Pistol nearly four years. “We’ve grown from a small, scrappy team working one-to-one with end advertisers to working with global brands, agencies, and SMB resellers launching campaigns day in and day out. It just shows how unstoppable we are.”
Learn more about Tiger Pistol’s social advertising solution. Contact us today!
The latest in the tug-of-war between consumer privacy and effective digital advertising pits Apple against Facebook, Google, and others. At stake for ad tech: significant revenue for ad publishers and app developers, effective ad results for advertisers, and more relevant ads for consumers. At stake for users: consumer privacy protection, the use of their behavioral data for marketing, and possibly – the future of “free” software. Apple’s pending release of iOS 14 is a strong consumer-privacy-first stance and a potential disruption to digital marketing as we know it. But what is the real impact for targeted digital advertising?
What is Changing?
In a nutshell, Apple devices running iOS 14 will now require explicit user opt-in to allow apps to track behaviors across sites using the Identifier for Advertising, or IDFA. The IDFA ties a unique, random number to a user’s device, allowing advertisers and data companies to evaluate ad interactions on an aggregated basis. Blocking user tracking by third parties has already been a staple for privacy-first browsers for some time (Apple’s own Safari, Chromium-based Brave, the Tor browser, and others), and has been offered as an opt-out model within mobile operating systems, as well. However, the shift to a more aggressive opt-in model is expected to be disruptive to app ad targeting and attribution.
Impacts on the the Facebook Ad Platform
Consumer Behavior Data
By losing access to information that links consumer behavior across experiences (apps, websites, etc.), Facebook and other ad networks will have less visibility into user actions outside of their own properties. This downturn in insights may decrease targeting effectiveness in aggregate over time.
Without distinct information about potential consumers, networks like Facebook must rely on non-personalized information when determining to whom to serve an ad. On iOS 14 apps and devices, consumers can expect their ads to be less personalized, and advertisers can expect the impact to be far lower as a result.
Attribution & Optimization
Not only is it difficult to determine who an ad is served to, Facebook algorithms will be blind to the impact of the ad, diminishing the ability to understand how many clicks resulted in installs or other conversions. Losing visibility into specific consumers who viewed the ad makes it far more difficult to determine which converted users saw the ad.
Specific Impacts for Facebook Advertisers
This may seem obvious, but this is (currently) only expected to impact consumers on iOS 14. While Apple is a dominant player in mobile devices in the U.S. (58.78% in the US versus Android’s 41.03%), they are less dominant worldwide (24.82% versus Android’s 74.6%). Is this a precedent that could expand, with broader adoption of Apple’s opt-in approach, or will we see networks maintain status quo with the opt-out standards already implemented by companies like Google and Microsoft? Only time will tell.
Third-party Placements (via Facebook’s Audience Network)
Facebook uses its Audience Network (FAN) to provide advertising placement into non-Facebook properties. These ads are commonly served in apps and games, and are particularly effective because Facebook knows far more about a consumer than the app developer does, giving them an opportunity to target ads and attribute from where positive results originate. Some of the biggest changes to iOS 14 target app access to consumers’ IDFA, requiring an opt-in to use. Advertisers expect this to negatively impact Facebook’s ad effectiveness and behavior tracking in third-party platforms. Based on their tests, Facebook expects a 50% decrease in ad revenue due to a reduced ability to personalize and target ads. This seems to be the leading Facebook risk, and may become so ineffective as to be discontinued.
App Install Objectives
App installs, a type of conversion objective optimization, are reliant on a signal from a consumer device that the desired app has been installed (and possibly opened). This is expected to be significantly hindered for iOS app installs, driving attribution and targeting effectiveness downward. Facebook is asking developers to use a new version of the Facebook SDK to support the new Apple SKAdNetwork API, and also to create a dedicated iOS 14 ad account for these ad campaigns.
Lower Immediate Impact (or None)
Advertisers using Facebook’s First-party Placements
The bulk of Facebook’s advertisers today use Facebook’s first-party placements, which include Facebook, Instagram, Messenger, Marketplace. These placements reach consumers wherever they spend time on the Facebook platform: in-app or in-browser, mobile or desktop, and benefit from full targeting, attribution, and optimization as before. The only exception is for app install objectives.
Facebook continues to invest in methods to improve advertising and conversion signal resiliency. Some of these, including the ability for businesses to provide external conversion data (such as business transaction matching), or server-side (rather than client-side) signals for consumer behavior, are unaffected by these changes. These require businesses to share first-party business data (activity, conversions) directly with Facebook for attribution and optimization. Using these within campaigns and to create custom and lookalike audiences remain very powerful tools for effective marketing.
At the same time, there is a looming specter of broader governmental regulations, following in the steps of GDPR and CCPA, which look to take a stance on consumer privacy and the use or sale of this data for advertising (or other means). Legislation is being considered or implemented in many U.S. states (Maine, Massachusetts, New Hampshire, New York, and many more) and in other countries like India.
iOS 14 changes the game for monetizing in-app ad placements with their opt-in-required updates for tracking. App-centric campaigns (by objective or placement) are hardest hit, with tests showing a 50% revenue hit as targeting, attribution, and optimization become severely limited. Other first-party campaigns on Facebook’s platform should expect no immediate impact. The trend toward more consumer privacy is clear in products and legislation; what remains to be seen is whether the industry will embrace a new opt-in standard or stand by the current opt-out model
As a preferred Facebook Marketing Partner, Tiger Pistol is committed to helping our clients and their stakeholders navigate changes like these. Contact us today.
Bob Govia is Director of Product Management at Tiger Pistol.
Facebook announced a new feature on Business Pages called Leads Center. With this new feature, leads collected on Facebook through Lead Generation campaigns now auto-populate inside the Leads Center. New tools also make managing leads easier:
- Set reminders to follow up, assign an owner to your leads, or add notes to their contact information
- Filter by category, owner, label, or date
- Create Custom or Lookalike audiences based on how you categorize your customers
- Directly email leads from the Leads Center
While Leads Center introduces some lightweight CRM-like management options of leads, data has shown that the primary success KPI on leads is response time:
- Contact and qualification rates drop dramatically in just minutes and continue to decrease over the next few hours (Harvard Business Review)
- Sales Conversions are 391% Higher in the First Minute (Vendasta)
- 78% of Customers Buy from the First Responder (Vendasta)
Facebook’s Lead Center solution does not entirely solve for response time, especially for SMBs and businesses that prefer to call leads directly. Doing so quickly is paramount, so the immediacy of follow-up is most important.
The Leads Center is a great place to organize and manage leads, but if you are most concerned with response times, it doesn’t offer much additional help in that area. Users are still reliant on Page notifications, or self-directing into Ads Manager, Leads Page Management, and the like to grab leads as they come in.
Tiger Pistol’s lead delivery system prioritizes immediacy, and offers advertisers flexibility across multiple different lead management systems.
- Automatic Lead Notification Emails : Our Platform immediately recognizes a new lead coming through on a campaign and emails the specified account contact(s) the lead information instantly, enabling businesses the ability to immediately reach out to leads when they come through. End-users can also customize the cadence and frequency of these notifications from instant, to once daily, or a weekly summary.
- Leads Webhook : For delivering leads securely into external and third-party systems, Tiger Pistol also offers a webook that can send leads anywhere using a callback URL in real time. This means that leads can also simultaneously be sent into CRMs such as Salesforce, Zoho, or custom built applications.
In truth, the best lead management solution is multi-faceted. With instant notification, you solve the most important issue of responding quickly. This is where Facebook Leads Center comes back in and can provide added value to advertisers regularly managing leads. Facebook Leads Center centralizes all leads collected and allows for aggregate lead management options, outside of the immediate first follow-up, such as a view of all historical leads, allowing you to categorize them or even build custom audiences to use in future campaigns.
Tiger Pistol’s lead delivery options complement Facebook’s Lead Center, just as they complement connections into external systems. You can gain the response benefits of immediate notification plus a solid management solution with almost no barrier to entry. For SMBs looking to take more control of their leads, the Leads Center is sure to become a valuable tool. Yet tagging and categorizing leads will only take you so far. Their value is still very much concentrated on your ability to respond to them quickly and convert them.
Chris Mayer, a Solutions Engineer at Tiger Pistol, specializes in helping digital agencies, SMB resellers, and global brands build scaled Facebook advertising solutions with an emphasis on local activation.
Tiger Pistol Ranks No. 1425 on the 2020 Inc. 5000 with Three-Year Revenue Growth of 311.4%
Inc. Magazine recently revealed that Tiger Pistol, the only social advertising platform that delivers local activation at global scale, is ranked No. 1425 on its Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to be recognized not only as one of the 1500 fastest growing private companies in the country, but also in the top 150 in the advertising and marketing segment,” said Paul Elliott, CEO, Tiger Pistol. “Our team takes immense pride in delivering huge impact, driving efficiency and speed to market for our global brands, agency, and reseller clients. Our hyper-local approach to advertising has truly taken on new meaning in light of COVID-19, as advertising has narrowed its parameters from region to region or block to block to actual individual businesses, many of whom are relying on local advertising in their recovery efforts.”
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“Continued focus on deepening our product offerings and expanding into new industry verticals and emerging markets have allowed us to grow our existing customer relationships as well as build new ones, which has resulted in significant year-over-year growth,” said Anthony Antonelli, Vice President of Finance, Tiger Pistol. “Additionally, we’re proud to be one of few companies of late continuing to grow and invest in our team, with open positions ranging from technology engineers to client-success specialists, who are regularly helping our clients solve problems, and client managers, who build and own the relationships with our clients.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000.
This is the second recognition for Tiger Pistol by Inc. Magazine. Earlier this year, Inc. Magazine ranked Tiger Pistol in the Top 100 on the Inc. 5000 List of Texas’s Fastest Growing Private Companies and in the top 5 among advertising and marketing companies.
About Tiger Pistol
Tiger Pistol is the world’s #1 social advertising automation platform for local. For nearly a decade, the company has been obsessively focused on building the world’s most effective social advertising platform for global brands, resellers, and agencies who realize the power of local activation at scale. As a preferred Facebook Marketing Partner and the largest third-party publisher of social advertising for local, Tiger Pistol creates, deploys, manages, and optimizes high-performance Facebook and Instagram ads at unprecedented scale, with over 800k Facebook and Instagram campaigns published to date. Tiger Pistol’s first of its kind technology delivers meaningful and measurable business impact for brands, resellers, and agencies alike, helping to unlock value and efficiency through innovation-led social advertising automation. Tiger Pistol is the most awarded and recognized social advertising platform of 2020. Visit TigerPistol.com, or follow on Twitter, Facebook, or LinkedIn.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multi-platform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
Several weeks ago, Tiger Pistol’s Paul Elliott, CEO, began tracking a global analysis of the weekly growth of active COVID-19 cases in eight countries to determine how they correlate with the average Facebook and Instagram CPMs during the same time*, all to discover if CPMs could be a leading indicator of economic recovery. Since then, we’ve been closely monitoring the trends outlined in Paul’s original publication and will be offering insights as they arise in the data.
Updated August 6, 2020
With July over, the formal #StopHateForProfit boycott has ended. As a refresher, more than 1,100 advertisers paused advertising on Facebook and Instagram for July. Some advertisers have doubled-down on their commitment to their customers and will continue to freeze spend on the platform for the foreseeable future.
Despite the boycott, Facebook reported a 10% year-over-year increase in advertising revenue, which isn’t as surprising as it seems, seeing as most of Facebook’s advertising revenue comes from small- and medium-sized businesses.
From a health perspective, things have escalated across the globe, some more rapidly than others. Notable highlights include:
- In the United States, the number of active cases grew week-over-week, while CPMs rose and fell.
- In Australia, a “state of disaster” has been declared for the state of Victoria due to a steep increase in cases. Our friends in Melbourne are now under a curfew for the foreseeable future due to a “Stage 4” level restriction in the area. CPMs for July rose and stabilized at the end of the month.
- Spain saw a large increase in cases towards the end of the month, but experienced a recovery in CPM after experiencing a small drop mid-month.
- Canada, on the other hand, realized an 80% decrease in its active cases week-over-week in a stunning change, while only seeing a small drop in CPM. An article in the Washington Post contributes Canada’s success to a number of factors, most notably, “The Canadian people have been less divided and more disciplined. Some provinces and territories could have locked down sooner, analysts say, but once measures were announced, they were strict, broadly uniform and widely followed.”
It’s clear that Facebook as a platform is a major outlet for advertisers big and small. With audiences engaged more than ever, it makes the decision to continue an advertising boycott dedicated to a single technology even more difficult. With fall quickly approaching and school shopping on the horizon for us in the U.S., absence from an ads platform could cause a considerable revenue hit for many companies’ forecasts.
Updated July 17, 2020
Halfway through July, we’re still seeing surges in the United States and Brazil. Australia has seen a shocking increase in cases from the start of the month. It’s fair to say that there is a loss of correlation between cases and CPMs, most likely because of the inconsistency of closures and pandemic guideline messaging. In countries like the US, Australia, and Canada, where national economic reopening is continuing, CPMs have risen even as active cases rise.
We intend to keep tracking to keep abreast of any trends that may emerge, revisiting the data monthly during the pandemic and recovery to identify correlations.
Updated July 10, 2020
We’re officially in the second half of the year, and cases are still rising in countries like the United States and Brazil, with numerous U.S. cities posting daily records. From a medical perspective, in the United States, multiple states are beginning to mandate residents wear masks in an effort to slow the spread and businesses are moving back to partial opening or closure.
We’re also nine days into the #StopHateForProfit campaign, which saw a 32% drop in CPMs week-over-week in the U.S. Whether this drop is connected to the shift away from Facebook spend or the rise in cases remains to be seen.
Canada saw the steepest drop in CPM with 42% week-over-week.
Germany is the outlier in this week’s report. They’ve not only seen a drop in cases this week, but their CPM is the only one to rise this week.
Updated July 2, 2020
A few days ago, we hit 10 million global COVID-19 cases, a milestone we didn’t think we’d see a few months ago. Now entering the third quarter of 2020, we might begin to see some fluctuations as governments enact long-term plans for the safety and well-being of their citizens.
Overall, we’re seeing cases spike in the United States and a continued rise in Brazil.
In other countries, a slight uptick in cases, but the same sort of fluctuations in CPM from week to week. Within July, we may also begin to see effect of #StopHateForProfit on Facebook advertising, but this might only affect US CPMs.
- Italy has made the biggest comeback, with their CPM regaining strength this week to the highest level since before we began tracking.
- Canada & Spain are also seeing CPM strengthening.
Updated June 26, 2020
This week’s overarching message can be stated in a word: Instability. Some countries are trying to decide “is this over?,” while others are clearly not out of the woods.
We’re still in Wave 1 in most places, and a case could be made for Wave 1.5. Studies are showing that being in enclosed places (restaurants, bars, etc.) increases the likelihood of contracting the virus, which leads to a lot of businesses having to make the decision whether or not to reopen or stay closed. Through the end of Q1 and beginning of Q2, it’s clear there was stability in most of the countries.
United States/Canada: Three of the largest populated states in the USA have begun experiencing a rapid spike of cases within the last week, leaving governors to decide to continue or halt phased openings. June as a whole saw an increase in overall CPM, after an initial dip at the start of the month, but with the uncertainties surrounding freedom of movement during the summer, we’re predicting CPMs may drop again in July (as seen in the last week).
EU: The EU ramped up opening its borders, with most of the countries listed below open to travelers on the continent. Spain has seen a resurgence in cases and while they reopened their borders, a mandatory quarantine is in place and CPMs – while overall had steadied, plummeted the first weekend of reopening. Italy, similarly to Spain, has seen a sharp rise and fall of CPMs in a 3-week period, but have not seen a rise in cases (except for a new set of cases in the southern part of the country). Germany is all over the map, with sharp rises and drops, garnering attention as while the country was set to reopen fully, officials were forced to put that on hold due to a case flare up.
Australia: Australia managed to deal with the outbreak pretty swiftly, with a short spike and then drop off of cases. This has led to a steady rise of CPMs for the region.
Brazil – Brazil as a country is really struggling, drawing eyes not only from a public health crisis perspective, but also from a “discount” perspective. CPMs remain steady since their drop in Q1, as the country has yet to see a drop in cases.
For continued updates, be sure to bookmark this page. To learn more about Tiger Pistol and social advertising at scale for SMB resellers, agencies, and global brands, contact us today!