Video: Demonstration of Twitter’s “objective-based’ campaigns
The social network is introducing the model through four ad formats that brands will pay for if a user takes the desired action as a result.
This means brands can choose to pay based on tweet engagements, web site clicks and app installs, as well as gaining followers. For example, app installs or app engagement campaigns will only be charged on a cost-per-app-click basis. Targeting options are also provided to ensure tweets reach users at the right moment, the company added.
Twitter will suggest the appropriate ad format to advertisers using the self-serve tool.
The company said the launch aims to encourage brands to think harder about campaign objectives in order to lift performance to “the next level”.
“Let’s say you’re a camera retailer, and you want to drive more visitors to the summer promotion on your web site. You can create a website clicks or conversions campaign and then promote a tweet with a website link or website card our recommended ad format that is specifically designed to drive website traffic,” the company said in a video (see above).
Twitter said the tool delivered positive results during initial tests earlier this year and is currently offering the service to small and medium-sized companies ahead of a wider invitation-only rollout. The business has said in the past the majority of self-service buying on the network comes from smaller companies.
The launch aims to refresh the company’s pricing model, which previously only let ad buyers pay for Promoted Tweets when they were clicked, replied, retweeted or favourited. It is the latest in a pipeline of products from Twitter as it looks to lift ad revenues and address criticisms from some observers that user engagement and growth is stalling.
An upcoming tool will make it easier to create ads on the platform, allowing brands to crop images and more easily customise photos. Earlier this week, it launched its “Flock to Unlock” tool via a tie-up around Puma’s “Forever Faster” global campaign.
Twitter says it sees the “hundreds of millions” of visitors logged-out of its platform as the next key revenue generator for its nascent advertising offering and is exploring ways to monetise the audience.