The growth of the identity economy
Explore the growth of the identity economy, household spending trends, missed opportunities in consumer versus ad spend, and a conceptual model for identity advertising. Understand the importance of identity in advertising beyond just IDs, encompassing status symbols, passions, shared interests, and emotionally relevant marketing strategies.
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Presentation Transcript
The growth of the identity economy Household spend: 100bn growth, 80% by identity categories
The missed opportunity Growth in consumer vs ad spend since 2015 (by largest ad category) -11% Fashion 10% 6% Home and DIY 10% 24% Travel 24% -1% Cars 24% 8% Hobbies -2% 6% Home and DIY 10% -14% Charities 11% 28% Computers and gaming -18% -5% Fitness and sports 7% -24% Food (eating out) 14% 10% Arts 2% 9% Music (audio equipment) 11% 18% Gardening 17% -15% Pets 31% -30% -20% -10% 0% 10% 20% 30% 40% Growth in advertising spend Growth in consumer spend [Source: Enders Analysis, ONS, Nielsen]
Identity advertising conceptual model Consumer spend related to identity Status symbols Passions Shared interests Fashion Lifestyle Travel Sport & wellbeing Home Dining & entertainment Gadgets Charities Culturally relevant media Emotionally relevant marketing to groups High-engagement YouTube channels Magazines targeted at passions & groups Identity-relevant TV, radio, podcasts Online community sites & pages Contextual advertising Sponsorship Identity-targeted creative