Searching for smart bets, many business and marketing leaders are also banking on tried-and-tested performance marketing efforts within these channels.
Why bet on performance marketing? The short answer: It's extremely quantifiable. As its name implies, it’s literally defined by the results it delivers—making it easier to show the return on investment (ROI) for every dollar spent.
But—when you’re investing more than half of your budget into something—how do you ensure it’ll pay off? While performance marketing has significant tactical components, skip-disrupting ad creative is what truly drives success.
In this deep dive, we’ll explain exactly how quality creative impacts campaign performance, and the ways in which you scale it, make all the difference. (Read on or use the links below to skip to key sections.)
Is performance marketing all science and no art? Some critics argue that the relentless focus on strategy and results has come at the expense of creativity. Step aside, naysayers. You’ve had your piece.
With more dollars flowing into digital marketing, the competition for engaging increasingly fickle and savvy audiences has intensified. Attention spans are shorter, interactive formats continue to evolve and the window of opportunity for capturing attention closes faster than ever.
Furthermore, now that targeting and bidding strategies are increasingly automated, advertising creative—what the audience actually sees and experiences—is the only thing marketers can continually test and optimize.
In 2015, Google noted that media placement only drives approximately 30% of campaign performance—the other 70% can be directly attributed to the quality of the creative. In fact, many platform algorithms, like Facebook, reward ad quality—meaning better ads not only perform well—they also deliver greater ROI.
Click-through rates for social media average around 1.21%, meaning that one out of every 1,210 impressions generates a click.
Laser-focused on the all-important CTA, performance creative’s programmatic approach requires a high volume of design iteration, delivered as quickly as possible to systematically test hypotheses, analyze results, develop new ad variations and continually make incremental (sometimes monumental) gains.
Shopify’s process for scaling growth creative was presented during a Superside Webinar.
Shopify’s Growth Leader, Amir Jaffari, has a process for scaling performance creative that leverages the marketing team’s data-driven approach with the creative team’s design expertise. Following these steps helps better identify what to produce and how to create it.
1. Narrative—Before rushing to production, take the time to understand the audience you’re trying to reach and what specific action you want them to take. (Hint: This is your CTA.)
2. Format