Stuart Bogaty dishes on digital media
June 2nd, 2008Digital advertising pioneer, Stuart Bogaty, spoke recently with Brand Connections President and CEO Brian Martin. Now an Executive Vice President and Global Managing Partner at Universal McCann, Bogaty shared his experiences over 15 years in the digital space and explained why “media” has become an irrelevant term.
Bogaty traces his interest in the agency business to television show that was popular during his college years in the late 80s. Intrigued by the advertising professionals depicted on Thirtysomething, he entered the industry on the media side and hopped between agencies in the early going. When the avant-garde Modem Media agency approached him in 1993, Bogaty bolted from Saatchi & Saatchi to pursue another one of his passions. “I’ve always had a technological bent to my interest. I’ve always been very interested in technology and this Internet thing kind of appeared on the horizon. I took to it in a pretty significant way.” According to advertising lore, Modem placed the first ads on the web for Zima. That particular product and campaign were less than wildly successful, but Bogaty’s interactive innovation with JCPenney, MasterCard and iVillage-forebearer Parent Soup all prepared him to ride the building digital wave.
“We started in a place where, obviously, we were all feeling our way through things,” Bogaty recounts. “Back in the early 90s we knew impressions, we knew CPMs, cost per impression – we knew how to price these things. We knew how to look at audience, we knew how to find audience, and associate brands with audience so that we were doing efficient media planning.” Today’s advanced ROI- and auction-based metrics have helped transform the interactive and digital segments from an obscure new option into a marketing necessity. But there remains much more to be explored on the digital frontier. “We’re still, I think, a little too complacent and a little too comfortable with sticking with what we know, as opposed to really trying to break out of the box and look at what the digital marketplace brings to the table in terms of the ability for brands to communicate differently with consumers. I think we’re barely scratching the surface. We’re still being pro-active or reactive, and we’re not being as much a part of the conversation.”
For brand managers not yet speaking in the digital language, Bogaty offers a brief immersion course. “At the earliest point in your panning you need to understand what portion of your target audience’s time is experienced in the digital space – whether it’s digital video, whether it’s on their mobile phone, whether it’s on the web itself, whether it’s in social networks – and you have to work from there. You have to start from how your clients are consuming media… Nobody should try to carve off a portion of their budget for digital prior to really understanding how digital is consumed by their customer base.” Keyword search represents the low hanging fruit and a necessary spend for many brands. “If you’re not there,” Bogaty warns, “you’re actually doing more damage to your brand, because your competitors are there.” With that said, terms like “paid search” and “search engine optimization” should be incorporated into almost every vocabulary.
For advanced marketers, rich media offers an opportunity to broadcast a more interactive and intricate brand message. Video is another valuable component that has taken on its own quirks in the digital space. Some pros of online video include the ability to deliver on-demand content in a less-cluttered space, but smaller screen sizes may negatively impact the user experience. For groups with a high risk tolerance, YouTube represents an even edgier (and perhaps more mysterious) digital forum. Bogaty believes most firms are too conservative to experiment in this unrestricted space, despite its potential to generate buzz. “There’s absolutely value in that stuff,” but for those who want to play it somewhat safer there are also brand channels within YouTube that provide opportunities for a safer experience (at the expense of exposure).
The next big step for interactive marketers is to take a larger role in the millions of ongoing online discussions, says the Universal McCann Executive. The key is figuring out ways to transparently introduce your brand in a relevant way to interested consumers. While the rewards would be great, the pitfalls and challenges are equally ominous. “If you do it wrong you look like Big Brother and the entire thing backfires in your face very, very, quickly in this space.” In a perfect scenario, a brand would provide web surfers with a specific targeted piece of information about their product or service at the exact moment they express interest in learning about that brand. Cost is a potential drawback for this seemingly one-to-one marketing technique, but Bogaty thinks these brand messages would spread far beyond individual conversations. “Even though a lot of these things are conversations between two or fourteen or fifteen people, these things are trolled,” he says, “by 10-, 20-, 100-fold the amount of people that actually participate. So people are reading through this stuff as well. To just see a brand participating in that way and doing it in a transparent fashion – it’s going to probably add more equity and relevance to that brand in that person’s mind than any ad that you’re going to show that person on TV, or anywhere else.”
Whether or not Bogaty’s vision becomes reality, he does not forecast a slowdown in digital media spending. “[Advertisers] are going where the consumers are going, and that’s where things have to be,” he says. The digital guru also notes that the traditional concept of “media” has shifted. “Television now is a delivery mechanism, it’s not a medium. Internet is a delivery mechanism, it’s not a medium. So is newspaper, so is print.” Within this new context, Bogaty believes the quality of the content itself now trumps the medium, as desirable content is likely to find a home across multiple media.
He predicts more change is on the way. “The generation that’s coming behind us is going to accept things and look at things so differently that part of me hopes we find a way to tackle things before then… the world is going to change a lot.” That is why aspiring young marketers must fight for what they believe in. Bogaty’s advice for up-and-coming marketers is clear: “Challenge all of us to think differently, stick to what you believe in and please share the way you see the world, because you see the world differently than we do.” The changing digital landscape all but demands it.