Twitter’s Plan to Woo Agencies

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.

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.

https://staging.digiday.com/?p=24815

More in Marketing

What TikTok’s e-commerce launch could mean for marketers and content creators

TikTok has officially launched its new e-commerce platform, TikTok Shop, earlier this month on August 1. Using the new e-commerce platform, brands and creators can sell products directly on the platform, potentially creating new revenue streams, and tap into the short-form video platform’s growing popularity.

‘The influencer industry can be really vile’: Confessions of an influencer marketer on the industry’s unfair hiring practices

While the influencer industry might sound exciting and like it’s full of opportunities, one marketer can vouch for the horrific scenarios that still take place behind the scenes.

Digiday+ Research: Marketers said revenue grew in the last year, with more growth expected ahead

After a tumultuous 12 months, marketers are getting a clear picture of how they really did during a time of true uncertainty. And, as it turns out, it wasn’t all that bad.