The Responsible Payment deal takes into account that your campaign can fail. And also that someone bears responsibility for either not achieving certain goals, or for chasing impossible objectives (it’s the same thing, actually). This is probably the most important thing Sether is trying to do: pop the perpetual success bubble, and show the reality of online advertising, be it good or bad. Because brands need to understand how their products really perform and make them better.
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So, there is this surreal bubble in advertising, where everyone is trying to look good regardless of the campaign results. Executives and experts alike have become sugarcoating artists, only showing the KPI values that suit their interests. This is because advertising is an old, obsolete structure, that works on handshakes, back deals, old friendships, paper contracts and obscure Excel files filled with numbers only one person in the organization understands. But it’s not so hard to prioritize, and benchmarks exist. So we’re prioritizing and benchmarking KPI’s. And we’re introducing the new term RESPONSIBLE PAYMENT to replace the old Success Bonus.
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So, apparently, online campaigns are such an efficient tool, that no agency can fail using them. This is why bonuses for success are always part of the deal the agency makes with the client, and no clause regarding failure is taken into account. By simply using common sense, we realize this is an overstatement. Of course, there are failed campaigns out there, but their results are either overlooked or portrayed as normal. As a result, marketers feel overconfident about their possibilities and advertising agencies became experts at only showing the good sides of their campaigns. They live in a fairytale, and that’s nice for everybody’s portfolio, but what about “the reality”?
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There are some problems in advertising that no one like to admit to. Like Bonuses for Success. Online agencies love them, and ever since the expansion of automated ads, scoring the extra buck became essential. Working on a success fee became the norm. Even if a campaign can theoretically go sideways, there is no cool, corporate word for penalties for failures. Can online campaigns be so bulletproof they always accomplish their goal or surpass it?
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Advertising as a tool evolved, but the industry itself stagnates. We want you to use Sether and cut a new path, create a modern way to do business in advertising. In the next days, we will tweet some of the biggest problems we detected and used in order to shape our product.
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We managed to set up and prioritise the basic KPI list that can be used on the platform. You can now survey over 90 main and secondary performance indicators, on Facebook, Google, LinkedIn, Twitter, YouTube and Instagram. We will extend this list to include all possible KPIs.
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Eliminating vague and outdated protocols from advertising
We are benchmarking KPIs, automating monitoring, establishing performance scores because we want to eliminate all the vague protocols and outdated ways that still drive advertising. Using analogue processes to sell automated, modern exposure for brands is ironic and inefficient.
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Know your KPIs
Top 5 KPIs without which any online marketing entrepreneur should feel naked&exposed: CAC, CPM, CTR, CPL & LCR. If indeed you are not aware of the importance of these metrics, the one thing you could do is make an account with http://www.sether.com and we’ll have your back.
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Know your KPIs - Social Engagement Rate
Influencers are the 21st-century billboards. You might think their worth is given by their followers, friends, or subscribers – but no. There are KPIs that can measure that. You need to understand how his audience reacts to your content, by measuring their social engagement rate.
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Monitor your campaign KPIs
KPI values tell important things about your campaign or about the impact your product has on the market. When preparing your campaign, Sether classifies KPI importance by their direct or indirect effect on your budget, according to your specified objectives.
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Decreased Media Costs
Sometimes, the media agency can be compared to a car repair shop. You have to trust them even if you have no clue what they do. Sether gives you the upper hand.
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Empowered creativity
There are creatives out there, in agencies, who are constantly depressed because clients always choose safety over bold ideas. This should allow them some leverage 😊. #Sether #ArbitratingAdvertising
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No risks when working with an agency
This is for all the #marketing managers out there. We know you expect the worst. We know you know about VUCA. This should make your day. #Sether #ArbitratingAdvertising
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Third Parties Workflow automationStreamlining your budget by paying the agency according to their performance is only the tip of the iceberg. Underneath the water is the advantage to clearly see where your budget goes. Every 3rd-party, every subcontractor. By imposing budget transparency to both parties, even more, unnecessary expenses are prevented.
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Information security and accountsWe are fully aware that it's not the agencies or brands that are working on campaigns, but their employees. Account execs, product managers, planners or media people. Because each project depends on allocating the right resources to the right specialists, Sether offers separate accounts to everybody involved, allowing secure access to specific information for each, and an ever-growing resource center to offer them support with the platform.
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Automated campaign supervisionMost of the work for a campaign is done before it appears on media channels. That doesn’t mean that once it starts, you can just watch it unfold. It’s critical to keep all eyes and brains on its KPIs as it goes so you can understand its effects and how to counter any disadvantages or profit from beneficial situations. Another reason to keep watch is streamlining your budget, an essential task – if one channel draws too much of your budget with too little effect, you would be wise to pull the plug asap and redirect your funds somewhere else.
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Product Overview-- Manage your projects transparentlyThis Sether module acts like a 4 people team to support your campaign, each with a specific function: one account for settling the Service Level Agreement, a media expert for offering Media Plan Support, one strategist KPI expert and another account to check and follow up all the Agency Deliverables.
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SETHER is being listed on LATOKEN. Deposits are already open. Follow the link to deposit: https://bit.ly/2Kp8vQd==================================================== This listing will give Sether’s users and prospective users another option for acquiring the SETH token, and it will also enable the creation of a robust network of different users, businesses, media outlets, brands, etc. that will benefit all parties involved.
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Integrations Update -- ✅Facebook – now 100% operational ✅Instagram – now 100% operational ✅VKontakte – WIP ✅YouTube - we’ve started working on the integration
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We're diligently working to develop the KPIs that will be available in the #setherplatform. We've completed almost 25% (SM KPIs) of our initial set-up. Our plan is to integrate over 50 KPIs in the 1st phase, aiming to help businesses with their marketing endeavors.
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