Joe Yakuel is the CEO of WITHIN. He is also an entrepreneur, advisor, professor and digital marketer who pioneered the "Performance Branding" marketing methodology.
Anyone seeing the impact of Temu on Meta CPMs? Temu, the Chinese-owned digital marketplace, has become a hot topic among marketers over the past year. Their aggressive marketing strategies are monopolizing ad space and running up costs on platforms like Meta, Google, and X. In the US, they currently have over 8,000 ads on Meta alone. Eight THOUSAND. 🤯 That's more than 3x the number of ads Walmart and Amazon EACH currently have on Meta. CPMs on platforms like Meta and Google are climbing because advertisers like Temu are dominating the ad inventory and driving up costs for everyone else. 🚨 If there was ever a time to diversify your marketing playbook, reevaluate your tech stack, and ramp up ad production, it’s now. 🧠 Marketers, have you seen these effects IRL? How are you adapting your strategies and keeping track of real time performance?
This is a really interesting piece of information. Last week, I talked about Temu (and SHEIN) taking full advantage of the de minimis tax exemption, threatening US apparel makers. I hadn’t thought about driving up advertising costs. Thank you for this fresh perspective.
Not really there’s plenty of ad inventory to go around on these platforms.
8,000?! Wow. Their marketing teams probably have great job security.
THIS 🙌
Its a problem, I think it messes up auction dynamics when you have such a large player with unlimited daily budget advertise to wide open audiences, similar stuff always happens during elections.