5:18 sometimes people become too obsessed with just the numbers and just doing things where you can get an exact conversion tracking where it's all typically coming from creative anyway. But I'm curious the strategy and also how you convey that to clients in a way that they'll understand. - Absolutely. So I mean, on our side at Big Happy, what's really nice is that we're putting ourselves in the shoes of the consumer. We know if you take your advertising hat out of it, I'm walking down the street, I'm looking at my mobile device, I'm looking at ads in general, but the ones that are most memorable are the ones that are big and bold, have great colors.
6:03 It's not the same TV spot that I already had my eye on that's sitting at home. It's ones that speak to me based on the environment that I'm in. And then you take into account how hyper targeted we can be now, that's beautiful, data is a gift. And I think that agencies and brand marketers, they have access to first party data, third party data, and they're spending so much time on these audience cohorts that they really know are gonna drive that sale or drive that awareness or who they have to reach with whatever desired outcome the goal has for the campaign. But if you're using the same creative to speak to all those different audiences, what's the purpose?
6:44 There's so much wasted media dollars that are getting out there after you spend so much time talking about who you are trying to reach and having to try to do something either offline or online. If you're not customizing the creative or thinking about the mindset they're in for the creative and having it speak to them in a certain way, brands can miss the mark. And essentially then they're not necessarily driving the ROI that they're expected to. And so if you start with what am I trying to say and what am I trying to achieve? If it's upper funnel, you wanna have your creative look one way. If it's that you're trying to reach moms in pediatrician offices,
7:23 speak to them in a different way. If you wanna reach them while they're on the go on their mobile device, speak to them in a very different way as well that's more like KPI driven. But this is art of storytelling. You're gonna reach her, him or they, or whoever it is that you're trying to reach pet owners along their journey. But if you are speaking to them with one creative message, what's the point? So we really here take that creative first mindset that every ad is a blank canvas. Our tech stack allows us to do this at scale. It allows us to be turned key, but it allows us to be really intentional with the message that we're deploying
8:03 against each audience cohort, against each of the mindsets that they may be in. And the results show that. Brands want to speak to consumers. They want to resonate with them. They want to make an impact and be like long lasting. But again, if you're sending the same message that you already serve them on TV and you're oversaturating them with a message that's not customized to where they are in their consumer journey or their path to purchase, or if it's sitting in their cart and they haven't checked out yet, you could be that much more intentional. And it doesn't cost that much more to do that, but it allows you to have the results on the backend
8:42 from the conversion standpoint that all of us are being held to from an ad tech perspective. - I think we're seeing this not just in advertising, but we're seeing in cold outreach as well. Now that people have access to these tools that can produce almost unlimited content and unlimited assets, it starts to become an issue where the amount of noise has significantly increased. It's 100x more information and everybody's fighting for intention. So now it becomes who can get it personalized the best, who can find those right intent signals where you're meeting them the moment they're ready to hear your message and where the pain is really resonating.
9:27 And I think if you're not, volume almost, it's almost irrelevant. It's like, we have to figure out how personalized and tailored can we make this thing for this person? - Yeah, and for out of home in particular, it's really interesting because the way that out of home and structured, you almost change the content to the mindset and the location of where the screen is. So on our side, we have access to a million plus screens, everything that we do is 3D enabled, so we need video to be like the filter that's on our inventory. But we're thinking about dwell time, we're thinking about mindset, we're thinking about the contextual relevancy
10:11 based on who the desired consumer is. So I spoke about a mom earlier, I know that's always the example everyone goes to, but let's just go to pet owners, I'll start with that. If you're thinking about a pet owner, there's a couple of different ways that you could be really creative strategically with the venues you're gonna select. So it could be apartment buildings that allow pets, it could be hotel screens that allow families to bring their pets along with them on their trips. It can be in veterinarian offices. And those are just three very different examples of how you could be so creative with the strategy, but then what we would wanna do
10:48 is make sure that each creative message in each of those different environments is a little bit different. So that speaking to them in this one-to-many environment, it's not giving them that creep factor, it's more contextualized 'cause it's one-to-many, but it does allow the brand to seem very responsible for how they're talking to each of the different consumers based on where they are at that moment in time. And again, it's targeted, but it's not hyper-targeted in a way where it allows it to resonate with many and again, to cause a desired outcome that a brand may have. - Yeah, I definitely think there's a spectrum of,
11:26 this is intentional and this is invasive and creepy.
11:33 And balancing that I think is quite an art to where, hey, you're also doing it in an organic way where you're not like, oh, I saw that you checked into this hotel and now here's an ad for this thing. It's like, okay, I feel a little targeted, as you mentioned, but I think balancing that is really, really important for a brand. - Yeah, and there's so many signals available for us to be really strategic with targeting. So of course on mobile, that's been around for quite some time where you can get really hyper-targeted, which is how we built our business, but for digital out of home, there's ways to find out what screens over-index for an audience
12:17 and use that to get even that much more prescriptive. And so you're using signals because you know it over-indexes. It likely will have a purpose, even more so to achieve your goals. Now, how do we get the creative to match that targeting? And it can be as simple as a copy change. It could be as simple as a color change. It could be as simple as having it run when it's really nice out so that from a pet owner perspective, it's when they're taking their dogs for a walk, for example. So you're just using all of these signals, but the creative can speak to it. So something like sunshine on an ad or rain clouds on an ad based on those signals,
13:01 it's really organic, it's authentic, but it makes it relevant. And more importantly, it makes it memorable. It makes that lasting impression, which all brands are competing for at this moment in time, is how do I make a lasting impression? There's so much noise. Intention spans, to your point earlier, are more limited. And so, great creative is what makes you stand out and minimizes all the fragmentation on that noise. - 100%. Walk me through leaving Walmart Connect, coming over to Big Happy, to build out the digital out-of-home, and maybe before going into the strategy, for those listening who might not know what that is
13:41 or they're not as familiar with the ad tech space, what digital out-of-home is and what falls in that bucket, and then what did you do to build it? How did you approach that? - Amazing, I love this question. So, digital out-of-home are all the screens outside in the physical world that are either outdoor, so if you think about things like billboards or urban panels or bus shelters, then there's place-based inventory, so things like you'll see screens at gyms that serve ads or movie theaters or malls or grocery stores, and then it gets all the way down to even the point of purchase where it's in aisle at a grocery store or a liquor store,