YouTube is assisting creators with a new feature to boost merchandise sales, and a new report for measuring revenue.
Now, when people buy a creator’s merchandise during a live stream, the sale will be highlighted in the chat.
YouTube channels can access monthly insights about revenue in a new report in YouTube Studio.
Here’s more information about each of these updates.
New Monthly Performance Report
YouTube creators now have access to a performance report that combines multiple sets of data.
The new report, available in YouTube Studio, merges two existing monthly reports about subscribers and revenue. There’s also an all new analysis of video views.
The report includes a new visualization with a monthly bar chart showing 13 months of data.
YouTube creators can use this report to quickly gauge monthly performance and identify potential seasonal trends.
You can find this report in YouTube Studio analytics in the Channel Overview section. It will be updated at the beginning of each month.
Live Alerts for Merchandise Purchases
YouTube is putting a greater emphasis on merchandise sales with a new alert that appears during live videos.
When a creator’s merchandise is purchased during a live stream, an alert will be displayed to the whole chat room. This is similar to when someone becomes a member during a live stream, or sends a super chat.
This feature is available to creators who are utilizing Teespring to sell products on YouTube.
The alerts give creators a new way to promote merchandise during a stream, and give fans a way to show off their support for the channel.
Live alerts for merchandise have the potential to increase awareness about the creator’s merchandise, and boost sales as a result.
Non-Advertising Revenue on the Rise
YouTube notes that non-advertising revenue for creators is on the rise.
More channels are earning money from YouTube’s other monetization programs such as Super Chats, Super Stickers, channel memberships, and physical merchandise sales.
Over the last 28 days alone over 80,000 YouTube channels earned money from one of those programs.
That represents an increase of 20% since March, and an increase of over 40% since January.
Since the beginning of March, over 2 million viewers have bought their first Super Chat, Super Sticker, or channel membership.
Super Chats and Super Stickers are a way to thank the creator monetarily during a live stream.
In return, purchasers either get to highlight a message in the chat, or post a large sticker, but they’re donation tools for the most part.
Channel memberships offer a bit more, though that all depends on the individual creator.
Paying a monthly membership fee to a channel can grant exclusive rewards such as members-only videos, members-only chats, and things of that nature.
Rewards will vary, however, as creators have full discretion over what they offer to members.
Channel memberships are still a relatively new feature, having only been introduced less than a year ago.
For more information, see: YouTube Introduces New Ways for Channels to Make Money.
To learn more about any of these new features, see YouTube’s announcement video below:
Matt Southern has been the lead news writer at Search Engine Journal since 2013. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand. When he’s not ferociously following and covering the search industry, he’s busy writing SEO-friendly copy that converts.
12 Tools and Resources for Software Developers in Insurance
If a developer designs a system for Big Data analysis or creates programs for processing and analyzing application data for mobile gadgets, in any case he cannot do without analytics tools and services. Big Data is understood as the basis of the business of insurance companies that depend on information, that is, probabilities, statistical data, customer information, and so on.
Today, for programmers whose responsibilities include insurance software development, many useful tools have been created that are suitable for their needs and corresponding to their skills.
TOP-12 tools for programmers of insurance companies
Every developer who works on coding for insurance products will need the following 12 “helpers”:
- BitDeli. It is a startup that has been operating since November 2021. With its help, programmers are able to analyze various data using a variety of metrics through Python scripts. An important plus of it is that the scripts can be of different levels of complexity, which will depend on the needs of the developers. They can even be self-taught. Suitable for analytics. The solution is easy to use.
- Continuity. It is a platform that was created with the aim of pulling businesses to the same level as the companies of its creators – Yahoo and Facebook. The guys created a data structure to implement a new level of abstraction over complex connections in HBase and Hadoop. The main advantage of the platform is the facilitation of Big Data development processes for programs that are designed to work with external and internal audiences.
- Flurry. This application is in the “store” format, which is intended for the creation of mobile programs, as well as for the analysis of their data. This allows the application to be improved.
- Google Prediction API. Suitable for developers who have the necessary knowledge to work with the Prediction API. This interface will provide a wide range of diagrams and topics, and will also allow the application to give correct answers.
- Infochimps. We are talking about a platform, despite the fact that the brand today is trying to become a company and become even more successful. As for the platform for the programmer, he gets the Wukong framework, which has a key task – to interact with Hadoop and its data, while using Ruby scripts.
- Keen IO. In 2012, this tool was recognized as the best and most effective in its category, and it is used in analytics by mobile application developers. Its plus lies in its ease of use. You need to apply just one line, which is inserted into the source code to be able to track all the necessary information from the programs.
- Kontagent. A tool for processing huge amounts of information.
- Mortar Data. It is a cloud service that has managed to replace MapReduce with a combination of Python and Pig. It differs in simplicity and clarity in operation.
- Placed Analytics. A tool that provides programmers with ready-made products. With its help, it is possible to obtain complete information about the use of the application by customers: where, when and how long it lasted. The data is especially useful for app owners and advertisers.
- Precog. It is an interactive environment for developing insurance analytics products based on Quirrel, an open query language.
- Spring for Apache Hadoop. A tool that greatly simplifies the creation of programs that use Hadoop, and also provides integration with other Spring applications.
- StatsMix. It is a tool with which developers can collect and analyze data received from programs using only the languages they have learned.
Take a look at the Fireart site for more interesting and useful information. The main thing to remember is that analytics not only assesses the quality of traffic, looks for ways to increase conversion and reduces the cost of attracting customers, but also determines the most effective advertising channels, compiles portraits of visitors and their behavior patterns on sites, identifies site shortcomings up to technical errors.
From Creation to Stellar ROI
Reaching the right customers with your Google Ads campaigns is critical to increase conversions. While it’s possible that scattershot advertisements could catch the interest of Internet users, it’s far more likely that this general ad approach will result in a disconnect between dollars spent and sales made.
To help ensure your ads are reaching the people in the right place, it’s worth leveraging a function in the Google Display Network (GDN) known as affinity audiences. Using these audiences helps pinpoint customer segments that may be more likely to purchase your products, in turn driving more effective and efficient ad spend.
But what exactly is an affinity audience? How do they work, how can you create your own — and what can you expect once you dial in the ideal customer segment? Let’s find out.
What are Affinity Audiences?
Affinity audiences are used by the Google Display Network to deliver your ads to relevant locations online. Given that Google’s network reaches more than 90 percent of Internet users worldwide, it’s well worth the time and effort to understand and apply these audiences at scale.
But what is an affinity audience?
Let’s break the term down into its component parts. Audience is easy — it’s the group of people that will see your ad. Affinity, meanwhile, is defined as “a feeling of closeness and understanding that someone has for another person because of their similar qualities, ideas, or interests.” The result? An affinity audience is a group of potential customers that share similar interests or qualities (similar to a buyer persona).
Using affinity audiences allows your brand to better align ad campaigns to buyers who are interested in what you have to sell. For example, if you’re in the coffee-making business but also have a focus on reducing plastic waste, your affinity audience might contain both people who love coffee and those who love the environment. Groups with both of these qualities are far more likely to buy your product than either group individually.
Affinity targeting, meanwhile, is the process of identifying the ideal affinities that align with your product or service. Consider the coffee example above. While targeting buyers who love coffee helps improve your brand placement, it also puts you in direct competition with a host of other brands all producing similar products. Additional affinity modifiers that narrow your focus — such as sustainable growth processes, fair labor practices, or environmental priorities — can help set your brand apart.
Do note that it is possible to get too specific with your audience targeting. For example, if your coffee brand targets audiences that prefer beans from a specific region that are collected, packed, and shipped in a specific way, you may end up with a handful of very loyal customers but almost no broader appeal. As a result, targeting needs to narrow the focus without preventing you from reaching the greater public.
What are Custom Audiences?
GDN and the Google Ads platform contain a host of pre-built Google affinity audiences — also called segments — that you can use to focus your marketing and advertisements. These include everything from pet lovers to do-it-yourselfers, TV comedy fans and users with an interest in news and politics.
But they can’t cover everything. You may have a product or service that doesn’t dovetail with existing segments — here, custom affinity audiences can help.
Understanding Custom Affinity Audiences
Custom affinity audiences are those you create yourself in your Google Ads platform to align with the interests of your target customer base. While Google will suggest different potential segment tags depending on what you input, it’s worth taking the time to do some market research before diving into the custom affinity process. This lets you pinpoint the audience preferences that align best with your brand.
You can create custom affinity audiences related to four criteria: Interests, URLs, places, or applications. In general, places and applications are the least useful of the bunch. Here’s why. In our coffee example above, there aren’t a lot of coffee-related applications that would set your audience apart. And while geography has some impact on buying behavior, it’s usually not enough to justify an entire segment.
Interests and URLs, meanwhile, can help you dig down and identify potential affinity options that may be shared by your target market at large.
How to Create Affinity Audiences
Ready to create your own affinity audience? Follow these steps:
- Log into your Google Ads account.
- Select “Tools and Settings”, then “Audience manager.”
- Select “Custom Segments.”
- Enter segment name and interests.
- Save your new segment.
Let’s tackle each step in more detail.
1. Log Into Your Google Ads Account
First, log into your Google Ads account. Here, you can see any active campaigns along with the associated affinity audiences.
2. Select “Tools and Settings”, then “Audience Manager”
Next, head to “tools and settings” in the upper-right-hand corner and then find “Audience manager” in the drop-down menu.
3. Select “Custom Segments”
Now you’ll see a list of any data segments you’re currently using to target prospective buyers. To create an audience or segment, click on “Custom Segments” and then the blue “+” icon.
4. Enter Segment Name and Interests
Now, give your segment a name and add a few potential interests. For example, if you enter “coffee”, Google will return interests or purchase intention ideas such as “coffees to make with an espresso machine”, “how to make coffee with coffee beans” and “coffee makers that make different coffees.”
5. Save Your New Segment
Finally, save your new segment with use for ad campaigns. You can create as many segments as you like until you’ve covered all relevant market bases.
The Impact of Effective Affinity Audiences
Ideally, affinity audiences lead to a definitive result: Increased ROI.
Here’s why: When your ads are shown to audiences that are interested in what you’re selling, they’re more likely to click through and purchase your products. As a result, the money you spend on advertising is directly offset by the conversions driven by these ads, in turn creating positive ROI. More generic campaigns, meanwhile, may still increase overall sales but not enough to balance out the spend required to reach larger audiences.
The right audience makes all the difference. Targeted, customized affinity audiences help you reach the people that want to buy your products, in turn boosting conversions and making your overall ad spend more cost-effective. Custom affinity audiences further narrow your market targeting, increasing the likelihood of revenue and reducing the gap between what you spend on ads and what you get in return.
The HubSpot Blog’s 2022 Social Media Marketing Report: Data from 310 Marketers
In our recent Marketing Trends survey, we learned that social media is the most effective channel marketers leverage, as well as the channel they use most.
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