Gorgeously!
I am a self-proclaimed beauty junkie, and there is no better place to get a product fix than the internet. My journeys to beauty product conversions are both intentional and accidental. For example, around Halloween I needed ideas for a costume. In about an hour I went from Pinterest for inspirations, to Googling “bride of Frankenstein makeup tutorial” to a video telling me I needed Mac Night Moth lip pencil to make realistic stitches to an online conversion. Done and easy! My most recent accidental journey was this Cyber Monday. While online snagging deals, I noticed an ad for Origins Skincare with a percentage off (today only!) and free travel sizes (score!) and those suddenly necessary products are now residing on my bathroom counter promising glowing skin.
Beauty and the internet. It’s thrilling, it’s fun, it works, and the industry knows it.
In fact, the Beauty Industry is increasingly turning to Digital, cutting other forms of traditional media along the way.
Check out these numbers:
For the Beauty Industry, advertising by way of traditional channels like magazines and TV, has long been the preferred strategy. As a consumer, I also used to scour magazines for inspiration and ideas. Today? We are all spending more and more time online verses other places, and the industry is evolving their advertising plans and increasing their online spend. By how much? Well, by 2021 the internet is projected to account for half (that is right, HALF) of their global ad spend. What is declining and where is the spend coming from? Magazines and TV are forecasted to decline. It is estimated that Beauty advertisers allocated 13% share of their spending to magazine advertising last year. That percentage is anticipated to shrink to 8% by 2021. TV advertising will also take a hit and is expected to decline from 40% share in 2018 to a predicted 35% share in 2021 for the Beauty Industry.
In the US, which is the second-largest market for the Beautyindustry after China, advertising spending this year will total $2.6 billion.I would say half of $2.6 billion is a beautiful number, and worth payingattention to.
So how do you best implement digital advertising strategies for clients in this vertical? Start with Social! Social media is as essential as mascara. It drives brand loyalty and allows consumers to have a voice in terms of reviews, opinions and shares. 96% of beauty brands already have an Instagram profile, and in Facebook’s official survey, 80% use Instagram to decide whether to buy a product or service. It makes sense. Instagram is where I can watch videos, gather inspiration, check out reviews as well as shop. It’s a crucial part of the buyer’s journey.
If Instagram is not part of the strategy, it needs to be instantly. Video is also crucial, and it doesn’t have to be a budget killer. Make up tutorials are fantastic. Short videos are compelling. For example, Clinique replaced traditional display ads for six-second videos that are very product-centric. According to Google, since this change, they have seen a 70% increase in ad recall and a 26% rise in product awareness. So choose video whenever you can. It’s as classic as a red lip.
So we have layered a foundationover primer and we are ready to advertise. Who should these wonderful ads betargeted to? It depends on the product of course, but the targeting options aremassive.
See the list below for targetingoptions, find some inspiration, and don’t forget your setting spray.
Display, Native, VideoPre-Roll
MobileConquesting – Include Video in the mix:
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