“Traditional communications channels have mutated, fragmented and diversified to create a spectrum of media experiences that give consumers unparalleled options and freedom of choice,” Cate Connolly, Universal McCann, cited Kandpal, (2014).
Cate Connolly’s observation certainly resonates; as digital media has become the new way in which brands and media agencies communicate with their audiences. More brands are now utilising Below-the-Line (BTL) direct marketing methods (PR, promotion, events, social media and content marketing) because it’s cost effective and reaches a smaller target audience than traditional Above-the-Line (ATL) media methods used to target a larger more general audience through television, radio and print. (Mansoor, 2015).
According to the Sensis Social Media Report (2016), Australia’s digital media landscape continues to evolve rapidly for both consumers and businesses. Almost three quarters of Australian’s are now on social media and spend more than half a day per week (12.5 hours) on Facebook alone – which makes this more than just a passing fad and a wake-up call for business. This is where consumers are and where brands can engage with them.
In Australia, smartphones are the most popular device owned by consumers. When creating content, brands and media agencies must take into account where, when and how their audience is going to absorb that information and have a “mobile first” mentality (Sensis Social Media Report, 2016).
According to Eventbeat (2016), live video streaming apps are rapidly rising as the next unique and innovate way to advertise and communicate with an audience. Following the success of independent apps, Periscope (2016) and Meerkat (2016), other business with a huge online influence, such as Facebook Live (2016) and Yahoo Live (2016) have decided to try and capitalise on the demand of the interest generated.
Mark Zukerberg, co-founder of Facebook, is obsessed with live video streaming and suggests that it is the next step in social networks evolution, (Oremus, 2016).
Why should brands and media agencies use live streaming apps?
Some social commentators believe that written content is dead (Biro, 2016). Live streaming apps allow brands to communicate live with their audience as events happen – in real time.
The benefits of live streaming apps are (Biro, 2016):
- It is more authentic – putting a human-face to a brand or product;
- It is not static – brands can create content on the go and upload live straight to the app such as Facebook Live (2016), Twitter’s Periscope (2016) or Meerkat (2016);
- It is engaging – live streaming apps give the perception that something is about to happen, bringing the consumer and the brand together in real time. For example, a behind the scenes before a product launch or inside a meeting to humanise a brand;
- Can be used with other (new) technology – such as live streaming from a DJI drone to Facebook (Goldman, 2016).
So will live streaming continue to play a part in advertising into the future? It’s hard to tell but all brands should be utilising this cost effective tool.