In 2018, McKinsey wrote an analysis of more than 400 advanced use cases, which showed that marketing was the domain where AI could contribute the greatest value. As we are nearing the end of 2023, AI and machine learning have already made significant inroads, influencing everything from personalized user experiences to pinpoint ad placements. The expectation is for these technologies to further permeate business strategies. While there's a spectrum of opinions on AI—with some dreading job losses and others envisioning boundless opportunities—The Cirqle firmly aligns with the latter. By integrating the transformative capacities of AI with our expertise in creator performance marketing, we've identified numerous advantages. Let's delve into these benefits and the AI integration on our platform.
AI's prowess extends to streamlining and enhancing campaign management protocols. With the ability to monitor campaign performance continuously, make real-time adjustments, and optimally allocate resources, AI introduces a paradigm shift in marketing automation. Such automation liberates marketers from manual tweaks, allowing them to focus on strategic vision and magnify campaign efficiency and ROI. Examples include: Ad Placement, Bid Optimization and Precision Audience Targeting.
Working with creators is a strategy, and results accentuate its significance. At The Cirqle we advise our clients to forge partnerships with at least 10 unique creators per campaign. Why?
Harnessing a varied collection of content from different creators substantially boosts the probability of a high(er)Return on Ad Spend (RoAS), as it amplifies the volume and variety of content, while also providing a broader spectrum of audiences to test and refine brand messaging. Starting with a smaller pool might seem more manageable, but it poses a risk. Brands could find themselves limited to just 2 or 3 effective creators. In essence, casting a wider net from the start ensures a more sustainable and effective content strategy in the long run.
However, when each creator contributes a minimum of three content pieces, and you juxtapose this with your regular advertising efforts, it demands rigorous and ongoing ad analysis to maintain performance consistency. Using AI is pivotal here. It rapidly analyzes creator content, adjusting campaigns in real-time to spotlight top-performing pieces. Through these predictive insights, AI aids in optimizing content strategies, ensuring each creative asset reaches its intended audience. As AI continually improves its recommendations with each campaign, it not only maximizes engagement but also ensures cost-effective ad spend. In short, while multiple creators enrich the content pool, it's AI that optimally leverages this asset for maximum impact.
The Cirqle leverages AI for Campaign Optimization. As illustrated in the subsequent images, you can observe its application across several of our campaigns. Upon accessing our platform, clients are immediately presented with dynamic recommendations. Each time the platform is reloaded, these suggestions are revised and updated based on the most recent data, ensuring they remain pertinent. When a client engages with a recommendation, they can delve deeper and also provide feedback. This feedback mechanism, allowing clients to rate the relevance of AI's suggestion, plays a pivotal role in enhancing our AI's performance. Let's explore some specific recommendations in detail.
Leveraging the power of AI, our platform offers critical insights into optimal ad placements. It educates clients in identifying where advertisements will achieve maximum performance. As illustrated below, "Reels of Ruben" stand out, delivering an est. RoAS that's 23% higher than other placements in the Meta ecosystem. Based on this analysis, our AI recommends increasing the budget specifically for this content placement, ensuring clients continuously achieve the best return on their investment.
Our AI also ensures your advertising budget is used effectively. The AI examines the average cost per conversion against the ad spend for specific content placements. This evaluation empowers advertisers with actionable recommendations on how to adjust campaign bids. Advertisers achieve a good balance between their expenses and desired outcomes, so every dollar spent is strategically optimized for maximum return on investment.
At the heart of effective advertising lies the challenge of reaching the right audience. While our AI system is not explicitly designed for direct audience targeting, it plays an instrumental role in determining the kind of organic content that resonates most with audiences. By meticulously analyzing the performance metrics of organic content, our AI identifies those pieces that have inherent potential for wider reach and engagement. Essentially, it pinpoints which organic content has the caliber to be transformed into compelling ads. In doing so, our AI indirectly guides you towards showcasing content that's more likely to resonate with a broader audience, optimizing both reach and relevance. This approach ensures that you're not just reaching more people, but more importantly, you're reaching the right people with content they care about.
AI is not the future; it's the present. At The Cirqle, we've embraced its power by ensuring our clients not only stay ahead in the influencer-game but redefine the rules of the game. Through targeted ad placements, bid optimizations, and content insights, we're harnessing AI's potential to offer unparalleled value, ensuring every campaign is a step towards marketing excellence.