Targeting Tourism Audiences With CTV Advertising Campaigns

The Brief

A state tourism client tapped Coegi to implement a CTV advertising campaign with the primary goal of driving awareness. We used a test-and-learn bidding strategy to identify optimal bid numbers across platforms. This allowed us to allocate the client’s budget across the most impactful CTV channels. Using this strategy, we achieved more even spend, higher unique views, and improved cost efficiency.

Highlights

2.75MM
Total Views


470,867
Unique Reach


$0.31
Cost per Unique Reach

Challenge

In programmatic CTV advertising campaigns, platforms will often optimize spend distribution towards total views. This oversimplification causes premium placements like Hulu to consume a disproportionate amount of the budget.

That risk was actualized when early reporting showed 99% of campaign spend going to Hulu and only 1% driving views on other high-indexing channels. As a high-impact platform, Hulu was important, but we wanted to ensure we were using other channels to expand the audience reach and maintain cost efficiency. 

Solution

Our specialists manually adjusted and optimized bids across different channels to create an even spend distribution. The goal was to identify the “sweet spot” that would give each strategic channel an appropriate amount of the budget.  Once the optimal channel mix was identified, the spend evened out to be 60% in Hulu and 40% distributed among other channels.

By serving ads to more niche channels such as Travel Channel, HGTV, and Discovery, we were able to reach key audience segments and boost overall ad performance. This generated 2,750,490 total completed video views, a cost-per-view of $0.05, a unique reach of 470,867 and a post-per-unique-reach of $0.31. 

Premium CTV channels can consume a disproportionate amount of budget. Correcting these standard optimizations with a manual test-and-learn strategy is necessary to find the ideal budget spend and maximize cost efficiency.

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Driving Crypto Fund Creation for End of Year Giving Campaign

The Brief

Endaoment, a tax-exempt community foundation focused on driving social impact, engaged Coegi and Wachsman to develop a marketing strategy that would scale their reach and drive conversions during the end of year tax season. The agency partners collaborated to create a customized media mix with a crypto-based audience-first approach that leveraged programmatic display, paid search, LinkedIn, Twitter, and a direct buy to drive exceptional results for the team.

Highlights

3.9M
Cross Platform Impressions


1,246
Conversions


5.76%
Search CTR

Challenge

The end of the year is a critical time for the brand. Both taxes and giving are top of mind. As such, Endaoment engaged the Coegi-Wachsman team to develop a strategic marketing approach. They needed to simultaneously build awareness, educate key crypto audiences, and drive new fund creations. Plus, they needed to build and execute this full funnel strategy within two months. 

 

Solution

Coegi started with in-depth audience research using our agnostic tech stack to determine how to reach niche cryptocurrency owners. We used research partner, Resonate, to more fully understand Ethereum enthusiasts and owners. Those insights informed our channel selection. We used display, search and social channels, while implementing sequential messaging to lead consumers down the funnel.

Display and social campaigns were a cost-effective way to support and move crypto audiences through the consideration/education funnel. We focused on LinkedIn and Twitter as our primary social platforms as they are where crypto enthusiasts tend to spend most of their time. Search, a high-intent channel, was expected to be effective in driving action and generating web page visits from qualified audiences. Using keywords related primarily to end of year tax deductible donations, this tactic proved to be successful.

There were over 3.9 million impressions served cross-platform to highly qualified audiences. The campaign resulted in nearly 7,000 key website actions. This was an over 50% success rate from the 13,000 clicks on the ads. This reinforces that the ads were being clicked by highly engaged audiences who were motivated to further understand the brand’s offerings. In several cases, they created or donated to a fund immediately. Success was reinforced with Google Analytics metrics showing above benchmark metrics related to pages per session, session duration, and bounce rate.

Overall, our campaigns performed at or above expectations and created the user involvement aligned to the brand’s goals.

Social Media Marketing for Food and Beverage Brands

Food and drink is inherently social, whether you are sitting around a dinner table, sharing a recipe with a friend, or meeting a date for cocktails. Social media marketing for food and beverage brands allows you to lean into this element even further. It has proven to be a highly successful tool for driving viral food trends (think avocado toast, macaroons, shaken espressos, etc.). 

But you don’t have to go viral to see the benefits of social media. Food and beverage brands can drive results by identifying and targeting their core audience on their preferred platforms with highly ‘craveable’ content, using tactics like influencers and shoppable ads to showcase their products. 

Understanding Your Core Food/Bev Audience

The first step to finding your audience is to understand who organically engages with your brand. What specific niches are they involved in and how can you share your content with them? Audience research will lead you to a deeper understanding of your likely brand advocates and loyalists. Once a clear audience is defined, creating ads and messaging becomes intuitive.  

Search for the answers to these three questions in your audience research process: 

  1. Who is your core demographic? 

Identify basic demographics such as age, gender, education, geographical location and socioeconomic status. These variables will give you concrete indicators on your key audience profiles – what life stage they are in, what they could be interested in, and more. Age, for example, gives you tips on what kind of content they will likely resonate with. Younger ages tend to enjoy emotional posts (funny or tear-jerking), such as the recent Gushers TikTok campaign. In comparison, older audiences tend to prefer informative, trustworthy content, such as this Clinique campaign

      2. What does your audience value? 

Are they more likely sharing food to present an image of prestige or luxury, or to share a special family recipe? These internal motivations should inform the ad creation process. Creating messaging that resonates with your audience’s core motivators and/or beliefs make them more inclined to click or convert.

      3. Where is your audience active online?

The medium in which your ads run is critical to the success of food and beverage digital marketing campaigns. This ensures each dollar you spend is going towards a platform where your audience actually spends time. Use platform data as well as third party data research platforms to identify your audiences’ media consumption habits. 

Identifying Social Media Influencers

Once your target audience is defined, you can make them come to life by creating personas. Or better yet, finding an influencer online that matches your brand’s beliefs, values and aesthetic. Brands that have a strong image and story can easily find influencers that complement their mission. 

Food and beverage social media marketing is primed for influencer partnerships. There are endless YouTube cooking channels, food review websites, and food bloggers across all social media platforms. The creators have a huge impact on consumer purchase decisions. In fact, 49% of consumers depend on influencer decisions. This virtual word of mouth is extremely influential in the consumer journey. 

Adding influencers into your strategy can also drive conversions, not just awareness. This is particularly helpful for food and beverage brands with an ecommerce presence. Use affiliate links and coupon codes to link POS data back to influencer campaigns in addition to awareness metrics, such as reach and engagement.

Creating Compelling Content

Food and beverage brands have a unique opportunity to engage audiences with user-generated marketing content on social media. People are eager to share recipes or new food explorations online, which is a win-win for brand and consumer. Brands are able to capitalize on authentic content that builds trust, while consumers are fulfilled by interaction and admiration. 

Beyond UGC, there are many ways brands can create compelling content on each unique platform. For example, how-to/recipe videos, Instagram Ready Images, and short form videos are all popular ad variations. Keep your audience learnings in mind and tailor your content to each unique social platform to resonate with consumers. 

Measuring Food and Bev Social Media Marketing Success

To measure the impact of advertising you can first look at granular, platform-level data. These metrics show campaign-level data, such as video completions, ad clicks, and site visits. Additionally, brands can utilize tactics like coupon/QR codes, flash sales, and hashtag challenges to track media’s success in driving immediate conversions and online buzz. 

However, the majority of food/bev sales still happen in-store, so it is important that brands keep themselves top of mind during that experience. Also, brands need a method of tracing media’s impact on in-store sales. Whether in a grocery store or a restaurant, brands can utilize CRM connections to track offline data or offer coupon codes/QR codes that translate both in-person or online. 

To better understand marketing’s impact, consider advanced measurement studies. These are surveys that can measure the incremental lift in metrics such as foot traffic and in-store sales due to marketing campaigns. 

Eating and drinking is, and has always been, social. Food and beverage brands should lean into this and explore the vast opportunities social media platforms offer to create and build community. Get creative with your media execution to stand out from competitors and drive sales

Recommended Reading

The CPG Digital Marketing Playbook

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