Finalist 2024
Financial Services
Brand
PayPal
Entered by:
Business Insider
Enterprise Solutions From PayPal
Credited:
Edelman
The Challenge
PayPal has rapidly expanded beyond consumer and small business payments to become a strategic partner for large enterprises. These enterprises aim to unlock growth that doesn’t upend their operations and keeps up with technologies and consumer demands. The challenge has been to shift perception of PayPal from a payments ”button” to a trusted expert in enterprise commerce. Many organizations were unaware of PayPal’s capabilities for complex, high-volume transactions or thought PayPal lacked the innovation to meet specific needs. PayPal wanted to establish itself as a valued partner and deliver consistent messaging across key global markets.
The Strategic Solution
To gain upper funnel awareness with decision-makers across global markets, PayPal with their agency partner, Edelman, created a solution to enhance consideration of its enterprise solutions among key decision-makers by positioning itself as a thought leader and expert in the enterprise commerce space. The campaign was designed with the insight that large enterprises often perceived PayPal primarily as a consumer and small business payment provider. To change this perception, PayPal developed thought leadership content that spoke to the challenges large enterprises face in creating seamless and safe customer experiences and with the understanding that business decision makers are inundated with product messaging every day that doesn’t get to the root of their day-to-day-challenges.
Business Insider was chosen as the exclusive media partner for this campaign due to its strong global reach and ability to effectively engage PayPal’s target audience of commercial and technical decision-makers. The relevance of Business Insider’s fintech and payments-related editorial content was a critical factor, as it ensured that PayPal’s messaging would be delivered within a context that resonated with its audience. Additionally, Business Insider’s proven track record as a branded content partner made it an ideal choice.
The strategic direction from Edelman for the 2023 campaign was rooted in leveraging Business Insider’s editorial strengths to address the perception gap. By focusing on data-driven storytelling and integrating PayPal’s insights with broader industry trends, the campaign aimed to establish PayPal as an innovative and indispensable partner for large enterprises. This strategic approach was essential in positioning PayPal as a thought leader and strategic partner in the evolving landscape of enterprise commerce.
The Content Solution
The creative approach to this campaign centered on developing a content strategy that combined authoritative insights with innovative storytelling techniques. PayPal and Edelman collaborated with Business Insider to produce a series of seven custom content experiences — four standard articles, two interactive articles, and a webinar — each tailored to address the specific concerns of PayPal’s target audience segments.
- Custom Articles: These articles were crafted to break down complex topics into digestible content that resonated with Business Insider’s audience. For example, the article “E-commerce experts say these 4 checkout mistakes may hurt your business’ bottom line” [https://www.businessinsider.com/sc/e-commerce-experts-say-these-4-mistakes-may-hurt-your-business] utilized a listicle format to engage readers by framing the narrative around common mistakes and their solutions. Another article, “There’s a disconnect between consumer and business priorities. Here’s how to solve it,” [https://www.businessinsider.com/sc/theres-a-disconnect-between-consumer-and-business-priorities-how-to-solve-it] leveraged insights from the PayPal-commissioned Evolution of Commerce report to offer actionable advice, underpinned by credible third-party data.
- Interactive Content: Recognizing the audience’s preference for engaging, interactive experiences, the campaign included two highly interactive articles. For instance, “The Cost of Uncertainty” [https://www.businessinsider.com/sc/how-enterprises-can-adapt-to-changing-consumer-habits] used data visualization, a clickable world map, and a timeline to immerse readers in an exploration of global economic trends affecting consumer behavior. This approach not only kept readers engaged but also significantly increased interaction rates, outperforming BI benchmarks.
- Webinar: The campaign culminated in a webinar titled “How enterprise merchants can leverage seamless omnichannel payments to drive growth,” [https://www.businessinsider.com/sc/how-to-drive-growth-with-seamless-omnichannel-payments] which provided real-time insights and facilitated direct engagement with industry leaders. The webinar was supported by pre- and post-event articles to maximize visibility and engagement.
This content strategy was designed to be both informative and visually compelling, using storytelling techniques that highlighted PayPal’s solutions while simultaneously educating the audience about broader industry trends.
The Media/Content Amplification Solution
The amplification strategy was rooted in leveraging Business Insider’s powerful distribution network and audience insights to maximize the reach and impact of the content. PayPal opted for a multi-faceted approach that included high-impact display units, native content promotion, social amplification, and strategically timed media placements.
- High-Impact Display Units: Custom display units were designed to catch the attention of Business Insider’s audience, with placements across key sections frequented by PayPal’s target audience. These units included above-the-fold Marquee and in-content Interlude formats that ensured maximum visibility and complemented the custom content by reinforcing key messages about PayPal’s enterprise solutions.
- Native Units and Social Amplification: Each content piece was amplified through native units and a robust social media strategy. Business Insider’s native units seamlessly integrated PayPal’s messaging into the reading experience, driving traffic from high-engagement environments within the site to PayPal’s custom content. Organic social promotion from relevant Business Insider editorial handles across LinkedIn, X [Twitter], and Facebook ensured maximum reach.
- Strategic Media Partnerships: The decision to work exclusively with Business Insider was driven by the platform’s strong resonance with enterprise decision-makers. This partnership allowed PayPal to leverage Business Insider’s editorial expertise, ensuring that the content was not only well-crafted but also strategically placed to maximize reach and relevance. Weekly meetings and ongoing consultations with Insider Studios ensured that the content remained aligned with the latest trends and audience interests.
- Webinar Promotion: The webinar was heavily promoted through Business Insider’s channels, including dedicated email blasts, on-site banner ads, and social posts. This comprehensive approach ensured high registration and attendance rates, which translated into significant post-event content engagement.
This amplification strategy was meticulously planned to ensure that PayPal’s content reached the right people, at the right time, with the right message, ultimately driving deeper engagement and stronger brand perception among large enterprise decision-makers.
The Result
In 2022, a PayPal Large Enterprise campaign managed by Edelman with Business Insider delivered impressive results, exceeding guarantees by over 200K page views, which underscored the platform’s capability to deliver high engagement and visibility amongst business decision makers who are inundated with product messaging.
In 2023, the campaign significantly outperformed Business Insider’s benchmarks across key performance indicators, underscoring the effectiveness of the strategic content and media solutions. Engagement metrics were particularly impressive, with the average time spent on content exceeding Business Insider’s benchmarks by 40%. The interactive articles demonstrated exceptional user engagement, achieving a 40% higher interaction rate compared to the platform’s average, while the click-through rate for roadblock ads was 10 times higher than typical results seen on Business Insider.
The webinar was a standout success, drawing significant attention with over 350K live and on-demand video views and a registration rate that surpassed the guarantee by 75%, highlighting the strong interest and engagement from the target audience. This exceptional level of engagement further cemented PayPal’s position as a thought leader and strategic partner in the enterprise space, demonstrating the campaign’s effectiveness in driving awareness and consideration among large enterprise decision-makers.