Online advertising has two essential tasks: increasing general brand visibility to help drive sales and serving as a “signpost” which directs a consumer to a brand’s preferred digital destination.
That was the perspective outlined by Grace Kite, the founder of marketing econometrics consultancy Magic Numbers, during a webinar held by Meta, the tech company and owner of Facebook, the social network.
Kite argued the most effective marketing plans allocate between 40% and 50% of their budgetsto online channels. More specifically, analysis by Magic Numbers has shown that marketers dedicating this level of their budget to digital media typically...