For all Silicon Valley platforms like to talk about automated ad platforms, they need to deploy huge sales organizations. After all, the poster child for Silicon Valley success in running an ad-supported tech business is Google, which is known for its large and aggressive sales organization.
It’s no surprise, then, that Facebook and Twitter are following suit. Twitter is building up its agency-relations efforts as it seeks to more aggressively monetize its 500 million-strong global user base. This week it announced the hire of former Google exec Matt Derella to head a new team focused specifically on improving relations with the major holding companies, their agencies and their clients.
“Twitter’s relationships with major holding companies have been and will continue to be a huge priority for the company as we build out our team and the Promoted Products suite,” Twitter’s VP or brand strategy, Joel Lunenfeld, told Digiday. “Matt has amazing relationships with some of the worlds largest holding companies, and we brought him on board to work directly with agencies to understand the questions they and their clients have on the best ways to use Twitter within all of their marketing efforts.”
Derella has a track record of working closely with large agencies. During his time at Google, he managed its Publicis business, and Twitter no doubt hopes he can parlay his relationships there into lucrative ones with Twitter. His initial focus will be on meeting with agencies to understand how it can better cater to their needs and improve their understanding of the platform. From there, he’ll build out a global agency-relations team.
“As we grow globally, it’s especially important for Twitter to continue to have as many transparent conversations with our partners to understand how brands in each market think about our promoted suite of products,” said Lunenfeld.
Ad position: web_incontent_pos1
Earlier this month, the company also said it will begin offering the type of “traditional” ad metrics large agencies and brands have been using for decades to analyze their media buys, a move designed to help them understand what they’re getting for their money versus ad dollars spent in channels such as TV.
Derella will report to Lunenfeld, who himself joined the company from the agency world after leaving his post as CEO of Moxie in July 2011.
More in Marketing
In the marketing world, anime is following in the footsteps of gaming
As marketers look to take advantage of anime’s entry into the zeitgeist, they might be wise to observe the parallels between the evolution of anime as a marketing channel and the ways brands have learned to better leverage gaming in recent years.
With the introduction of video ads and e-commerce, Roblox looks to attain platform status
Roblox is expanding into more areas than just ads in 2024. Much like platforms such as Amazon and Facebook have transcended their origins to evolve from their origins as online marketplaces and social media channels, Roblox is in the midst of a transformation into a platform for all elements of users’ virtual lives.
PepsiCo wants to remain a ‘driver of culture’ as it turns to influencers and activations amid rebrand
The soda-maker says it can translate cultural relevance into sales volume.
Ad position: web_bfu