The power of digital advertising to connect with the precise consumer at the right time, in the right place, with the right message is unquestioned. With the help of sophisticated analytics and media planning methodology, reaching our target audiences has never been more efficient.
The design of the digital ad unit, however, has failed to keep pace with the medium itself. Standard digital banner ads are small, fleeting and get lost in the growing clutter of the fast-paced media world. Until recently, marketers have been led to believe that we have to live with exceptionally low consumer response rates.
To combat digital advertising performance issues, the Interactive Advertising Bureau (IAB) introduced the Rising Stars – a more dynamic and engaging collection of rich media and video advertising units for both desktop and mobile.
More specifically, Rising Stars are high-impact, large-canvas digital ad formats that account for significant real estate on the webpage, such as full-screen takeovers, skins, sliders and pushdowns. They often contain interactive elements. For examples of Rising Stars ad units, visit the IAB webpage here.
According to data released by Pointroll in March 2014, click-thru rates for Rising Stars are 70% higher than for standard placements, and video completion rates experienced a 19% lift. Consumers are also spending more time with Rising Stars ad units than they do with standard banner ads, with brand interaction time being 36% higher.
A 2013 study by Vibrant Media and comScore found even more impressive results for Rising Stars ads on mobile. Here, users were three times more likely to interact with Rising Stars than standard mobile banners.
A 2013 Undertone and Ipsos ASI joint study backed up these findings, showing that Rising Stars ad units delivered significantly higher levels of brand recall, ad recognition and brand recognition than standard display units.
- Full-screen takeover ads drove 124% greater unaided recall than standard display.
- Billboard, Slider and Portrait emerged as the top-performing large-canvas display units at driving unaided brand recall, ad recognition and brand recognition.
- Full-screen takeover ads were 78% more likely than standard display to make consumers want to learn more about a product/brand.
- Large-canvas display ads were 41% more likely to be found enjoyable than standard display.
- Rising Stars ads were more likely to be shared via social media than standard display.
High impact, large-canvas ad units are the wave of the future. They clearly outperform standard digital ad units when it comes to brand recognition, engagement and conversion rates. The downside is cost.
Both development and placement costs for Rising Stars are higher than they are for standard display ads. The added impact, however, may well be worth it. Computing the projected CPM and CTR rates will show that, in most cases, the Rising Stars are a good investment.
Contact Roger Peterson at 815-847-7534 or firstname.lastname@example.org to discuss how digital advertising may help you achieve your media goals.