Talon Benchmarks: What are they and why do they form the bedrock of OOH effectiveness?
Lucy Baumgartner, Senior Effectiveness Executive at Talon shares the need to know on Talon’s OOH Benchmarks.
With over 10 years’ experience planning and executing Out of Home (OOH) campaigns, Talon have always prided ourselves on thinking outside. We champion the OOH medium that is more effective and more measurable than ever before.
At Talon, campaign effectiveness is underpinned by a simple but sophisticated benchmark database – which is unlike any other available in the market. With our extensive knowledge of OOH measurement and through following a consistent measurement framework, we have collected a wealth of data covering almost 200 campaigns which provides unique insight into OOH’s effectiveness.
This data is fundamental to Talon’s planning cycle and forms the bedrock of campaigns. In this series, we will be deep diving into the interesting world of OOH effectiveness.
What are benchmarks and what do they tell us?
“Benchmarks” is a word that is used a lot when it comes to effectiveness, but what are they? What do they mean and why are they imperative to OOH planning?
In the world of measurement, synonymous with acronyms, jargon and countless metrics, understanding campaign results and performance can be confusing. Benchmarks are a fundamental part of simplifying this process. They allow us to accurately assess and understand campaign performance by providing an essential point of comparison, giving us the ability to compare performance to wider norms.
Additionally, they provide our clients with the context to effectively assess whether a campaign’s objectives have been achieved. Reporting an uplift in any brand metric is fantastic, however without understanding the context and norms of our channel, that result doesn’t mean a lot, and the campaign could be underperforming against industry standards.
How have we created our Talon Benchmarks?
At Talon, campaign measurement doesn’t stop at individual clients and brands. A consistent measurement approach across clients, with a standardised methodology and questionnaire, has allowed us to merge and amalgamate all the data from our brand uplift studies over the past six years, creating a rich database of campaign results. From this database, average uplifts across all brand metrics have been created, providing the much-needed point of comparison that campaign assessment requires. For example, on average OOH drives an uplift of +6% in brand awareness and +7% in purchase intent.
Watch this space for more Benchmarks insight…
While at their surface, our Talon benchmarks are simple, in this series we will explore how layers of analysis into this database provides highly sophisticated insight which underpins Talon planning strategies, informs OOH’s role in the wider media landscape and helps answer industry wide questions.